The Real Estate Institute of Victoria (REIV) recently claimed that there will be plenty of activity in the weeks to come. In particular, REIV mentioned that the auction numbers will be strong in suburbs such as Box Hill South, Ringwood, Blackburn South and Burwood. A similar prediction was made for the likes of Kensington, St Albans and Footscray.
It has been reported that holidays have interrupted the opportunities for selling property. Now many of these have taken place, full colour printing from brochure printers in the suburbs could receive a boost.
Mike McCarthy, the chief executive for Barry Plant, told the Herald Sun:
“The affordability factor, and the lack of stock, means buyers are having to look further out than where they would have wanted to six to twelve months ago.”
McCarthy pointed out that sales volumes had not been particularly high during the course of the first few months of 2016. He argued that this had fed through to price increases. It was revealed that the recent jump in prices has been over 15%.
Enzo Raimondo, the Head of REIV, indicated that property sales were healthy during May 2015. Raimondo has forecast that results this May should be similar to those obtained last year, when nearly 5,000 properties were put up for auction.