Agency doubles best Oct sales result

Agency doubles best Oct sales result

14 November 2013 by Simon Parker 0 comments

Staff Reporter

A Darwin-based agency has doubled its previous best October sales result, selling 25 units in one day, and it predicts another bumper month in November.

“Our best ever October result followed our strongest September, and we’re attributing the results primarily to a spike in consumer confidence following the conclusive outcome of the September federal election and ongoing interest rate stability,” said Glenn Grantham, general manager at Raine & Horne Darwin.

“It also helped that we had good stock levels and were able to attract a healthy number of buyers and investors to the launch of the Jepun Development on Smith Street Mall.”

Raine & Horne Darwin, which finished 42nd in Real Estate Business’ Top 50 Sales Offices ranking earlier this year, said it sold 25 of the two-bedroom apartments in Jepun in a single day, with an average apartment price of $588,000.

“People have also recognised the value in the northern and inner suburbs of Darwin and have capitalised on it,” said Mr Grantham.

Mr Grantham expected strong sales in November, which he said is traditionally one of the Darwin real estate market’s strongest selling months.

“Like other markets around Australia, the combination of lower interest rates and pent-up buyer demand means it’s possible we may see more action right up to Christmas, where usually the market tends to slow as soon as we hit early December,” he said. “This won’t necessarily be the case this year.”

As an added incentive, the agency is also offering potential vendors the chance to win a $25,000 prize, with the choice of a Harley Davidson motorcycle, a luxury cruise, or the amount in cash, simply by listing a home before 30 November.

“To be eligible for the draw, the property must be sold unconditionally or settled prior to 31 December, with the winner announced in January 2014,” Mr Grantham said.

Staff Reporter

A Darwin-based agency has doubled its previous best October sales result, selling 25 units in one day, and it predicts another bumper month in November.

“Our best ever October result followed our strongest September, and we’re attributing the results primarily to a spike in consumer confidence following the conclusive outcome of the September federal election and ongoing interest rate stability,” said Glenn Grantham, general manager at Raine & Horne Darwin.

“It also helped that we had good stock levels and were able to attract a healthy number of buyers and investors to the launch of the Jepun Development on Smith Street Mall.”

Raine & Horne Darwin, which finished 42nd in Real Estate Business’ Top 50 Sales Offices ranking earlier this year, said it sold 25 of the two-bedroom apartments in Jepun in a single day, with an average apartment price of $588,000.

“People have also recognised the value in the northern and inner suburbs of Darwin and have capitalised on it,” said Mr Grantham.

Mr Grantham expected strong sales in November, which he said is traditionally one of the Darwin real estate market’s strongest selling months.

“Like other markets around Australia, the combination of lower interest rates and pent-up buyer demand means it’s possible we may see more action right up to Christmas, where usually the market tends to slow as soon as we hit early December,” he said. “This won’t necessarily be the case this year.”

As an added incentive, the agency is also offering potential vendors the chance to win a $25,000 prize, with the choice of a Harley Davidson motorcycle, a luxury cruise, or the amount in cash, simply by listing a home before 30 November.

“To be eligible for the draw, the property must be sold unconditionally or settled prior to 31 December, with the winner announced in January 2014,” Mr Grantham said.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
At the top of his game: how this agent evolves to stay number one

Get up close and personal with the best real estate sales agents in Australia in Secrets of the Top 100 Agents. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?