Ensure you never miss an issue of the
real estate business bulletin
Agents ready for bumper week

Agents ready for bumper week

by Reporter 0 comments

Real estate agents are bracing for a bumper weekend, with first home buyers expected to take advantage of the last week of the increased government grant.

From Thursday, the government’s first home owner’s grant will be reduced to $3,500 for established homes and $7,000 for new homes.

According to Australian Property Monitors, there are currently 4,054 metropolitan properties under $400,000 on the market.

This time last year, there were only 3,921 properties on the market that were listed for under $400,000.

Century 21 Central agent Rosalyn Marker told the Daily Telegraph that there was a sense of urgency for first home buyers, which was evident at a Melrose Park sale this week.

"To have an open with 88 people over the last Saturday and Sunday was a very rewarding result for us," she said.

"We had 11 offers on that property, most of them were young couples ... and I would be expecting them (those who missed out) to be looking again this weekend."

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Agents ready for bumper week
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?