Market updates

According to our very own market experts – Gary Peer, Jeremy Rosens, Leon Gouzenfiter and Leor Samuel – last year was sluggish. But this year does not look to be following suit.

What’s happening now?

The buyers are back! Unfortunately, the stock’s not. But even though there are fewer properties up for sale, our sellers are achieving excellent results.

Who are they selling to? Well, first-time home buyers have been especially prominent. After last year’s peak prices, and with interest rates expected to stabilise this year, they’re sensing a discount on the horizon – telling them now’s the time to buy.

And everything’s in high demand. From family ‘turnkey’ homes to apartments – buyers want to move in straight away (and capitalise on government incentives, while they’re at it). So if your property is live-in ready, you’ve got a hot commodity on your hands.

What’s coming up?

We’re noticing an influx of buyers from the western suburbs, being attracted to our area by the good schools, myriad amenities and proximity to the city.

The McKinnon school zone, especially, is continuing to experience a burst for homes. Families are willing to pay more for their home’s location to save on their child’s education.

But due to the public holiday galore in April, many sellers are waiting to start their campaigns. The result? May is shaping up to be a bumper month, indeed.

 

Property Management updates

If you’d told us six months ago the returns our clients would be seeing today, even we would’ve been impressed!

With figures dwarfing even the loftiest of pre-pandemic peaks, no one could have foreseen the rents we’re now achieving.

What are the renters doing?

The renters are shaping up. Inspection attendance is strong – as are the renters’ applications and speed of decision-making – resulting in transactions being processed at a rapid pace.

And thanks to the compliance deadline, they know what they deserve when it comes to the standard of their property.

What are the rental providers doing?

Rental providers are capitalising on the buoyant market by selling their rental properties. (After sending out a ‘notice of intention to sell’ and a ‘notice to vacate’ to their renters, of course.)

They’re working with their property managers to discuss their lease terms, and their ability to sell. Coming up with a strategy – together – that will get them the best results.

Where to from here?

Now is a great time to be renting a property. And that doesn’t look to be changing any time soon.

With clients revelling in record rental returns – and taking advantage of the market to add more properties to their portfolio – it truly is a win-win situation!

 

New Projects updates

As the signature orange autumn leaves begin to fall – the demand for quality new-build property is evergreen.

The big picture

After a quiet six months, first-time home buyers are ready to take advantage of the plethora of off-the-plan incentives.

And, hungry as ever, downsizers also have their eyes on off-the-plan prizes.

The main thing standing in their way? High construction costs. But good news! Due to the lack of developments, builders will need work soon enough – and will be coming back to the table.

So hold on! An equilibrium is just around the corner.

Our own backyard

We can officially – and finally – tease two brand-new upcoming developments.

Designed for families seeking the utmost levels of suburban luxury, the first project is a collection of eight four-bedroom townhouses in Carnegie. The second, already in construction, is a slick series of 11 four-bedroom townhouses in Bentleigh East.

And helping us get it all ready? Our brand-new team member, Kane Nissenbaum. Whose talents – and troublemaking (the best kind) – are already proving him a fantastic addition to our team.

 

Onwards and upwards

As far as the future goes, the sky is the limit for us.

But one thing will never change: our dedication to helping you enjoy the highest standards of living – in bold, brand-new, luxury residences.

Thinking of selling your home? Looking for someone to manage your investment property? Curious about current – and upcoming – developments?

At Gary Peer & Associates, we’ve got all your bases covered.