Ensure you never miss an issue of the
real estate business bulletin
LJ Hooker books 20pc rise in sales

LJ Hooker books 20pc rise in sales

by Reporter 2 comments

Staff Reporter

LJ Hooker has reported a 20 per cent rise in property sales across its Australian and New Zealand businesses in December.

“After a challenging 2011 for the industry it was good to see the number of property sales lift at the end of the year,” said L. Janusz Hooker, chief executive of LJ Hooker.

“The influence of the two consecutive rate cuts by the Reserve Bank of Australia at the end of the year directly related to consumer activity in December.

“The rate cuts gave prospective property buyers confidence to enter the market – many of whom had been sitting back waiting and watching the market for many months in 2011.

“December is always busy for real estate agents around the country. It is a key selling period for the industry as people look to successfully complete negotiations before the end of year.

“This was seen through LJ Hooker Parramatta [in Sydney's western suburbs] who held their Big Event auction in the week leading up to Christmas, with 14 properties worth more than $5 million successfully being sold.”

The company also reported a 14 per cent rise in the number of home loans written by LJ Hooker Finance for the year, led by NSW where first home buyers locked in purchases ahead of the state government’s changes to stamp duty concessions.

Mr Hooker said 2012 presented “outstanding buying opportunities for Australian families and investors.”

He expected more investors would return to the market on the back of higher rental returns. Only late last week, Australian Property Monitors (APM) reported that national median weekly asking rents for houses rose by 1.1 per cent in the December quarter, with rents for units rising by 1.4 per cent.

“We predict Bowen, Queensland, Newcastle, New South Wales and Perth, West Australia will be the places to watch for 2012 with lots of activity around key regional towns and cities influenced by the continued mining boom,” Mr Hooker continued.

“Consumer confidence will continue to be key in 2012.”

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; }
LJ Hooker books 20pc rise in sales
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?