Earlier this week, the state government announced the extension of Melbourne’s sixth lockdown. The two-week extension is expected to end on September 2 – normally the beginning of Melbourne’s booming spring market.
So, what does this mean for buyers and sellers this spring?
Once restrictions are lifted, we are going to see a flood of properties come to market. There will likely be a two-week delay while vendors have photos taken, floorplans drawn up and copy written. But once the floodgates open, buyers will be presented with a lot of choice – something they have been crying out for.
For vendors, this spring will be a great time to capitalise on pent-up buyer demand. However, unlike vendors who have sat back and watched properties be snatched up for impressive prices throughout the year, vendors this spring will need to focus on separating themselves from the pack. With careful consideration on how you promote, price and present your property, you can increase your chances of standing out from competitors.
Perhaps, techniques from the early 2000s could set you apart? Filling the house with aromas of freshly brewed coffee or baked bread might just be the competitive edge you need.
While the next two weeks in lockdown will prevent face-to-face preparation for upcoming spring sales, there is still plenty of planning to be done. To chat further about making your home memorable, or if you are thinking of listing this spring, give us a call today!