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| NEWS // Annual Newsletter |
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Welcome to the first Marshall and Tacheci real estate newsletter. I hope you find it interesting and informative of the local real estate market.
THE FIRST 12 MONTHS under our new name was an exciting time and our best year ever. Compared with the previous 12 months as an LJ Hooker franchise, we increased our gross sales income by a massive 54.6% as an independent agency . Thank you to our good friends and clients for your support. We now provide eight jobs in our home town.
STATE OF THE MARKET - We are seeing the predictions we made many years ago being borne out in the current market. The combination of increasing numbers of retirement buyers (from the baby boom generation) and the increased fashionability of this coastline has led to a noticeable increase in demand for specific types of properties. Add this to a generally buoyant real estate market Australia-wide and we have the influence that has caused a solid strengthening of prices particularly evident in the last 6 months. Residential houses, townhouses and well situated rural properties have
appreciated particularly well. April was a record month with 17 sales negotiated
ranging from a $68,000 unit to 2 large rural properties at $1,370,000 and $1,400,000.
The old phenomena of buyers having hundreds of properties to choose from is a situation that we are unlikely to see repeated in the foreseeable future. In the last few years it was quite common for us to have over 100 exclusively listed properties displayed in our window. We are currently seeing 20-30 properties as a much more common number.
BOOM & BUST - Despite boom real estate markets in the major cities being prolonged by uncertainty over other forms of investment (such as shares), the real estate “boom” will at some point “bust”. The possibility of a serious drought progressing further this summer could be a contributing factor. Heavily geared buyers who must sell will suffer large losses and the shortage of listings in the market will ease. This will happen sooner or later, it is only a question of when. If you would like to read more about the “boom and bust” cycle then contact us and we’ll send you a free report.
We predict that our area will be protected from the extremes of the boom and bust cycle. Firstly the area has not boomed to the same degree as the cities, and secondly, there is a real increase in property demand caused by demographic changes in an area which has limited expansion capacity. This should give greater stability to our region.
BERMAGUI’S NEWEST & OLDEST AGENCY - Did you know that our company is the longest established real estate company in Bermagui, having served the area since 1979, and that the business is completely locally owned?
IN OUR OFFICE – Vicki Law joined our property management team and we farewelled Rod Niemeier who helped us during the first 12 months of our new identity. We are currently running a recruitment programme for a new salesperson seeking a career in real estate with us.
THE REAL ESTATE INDUSTRY– is coming in for a much needed shake-up. Although there’s lots more to be done, proposed new legislation would finally outlaw certain dubious auction practices . If you would like read a more in depth discussion of the industry, from a consumers point of view, then we recommend the internet site www.jenman.com.au or the book Real Estate Mistakes by Neil Jenman.
sincerely, Robert Tacheci
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Bermagui Real Estate
    
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