‘Bricks, mortar’ best investment at tricky time

It’s the very foundation of our lives and proves that good old-fashioned “bricks and mortar” is still the best investment.
Auction clearance rates are still hovering around the 78 percent mark and this demonstrates there’s still a lot of confidence among buyers in the area.
First homebuyers, too, are continuing to keep the lower end of the market strong as they capitalise on the financial incentives to purchase now.
Overall, values are remaining stable and of course, property provides capital gain over the long term, so it’s unlikely homeowners will be panicking about their homes losing value when property has consistently proven to be one of the most reliable means of financial security for the future.
However, enforced social distancing obviously has an impact on how we all do business.
At Day & Hodgson, we’re encouraging “by appointment only” inspections. Buyers are also instructed not to touch anything inside the property, with hand sanitiser provided before they enter, and all doors are left open to avoid touching door handles.
We’ve also moved exclusively now to in-room auctions rather than conducting the auctions on-site as this avoids large crowds and physical contact. We’re also working towards conducting auctions online.
With these kind of measures in place, we can continue to provide quality service and uphold safe hygiene practices that will allow us to do what needs to be done to assist you with the purchase or sale of your home.
If you have any questions at all or need advice about market conditions, feel free to talk to any of the team here at Day & Hodgson and we’ll do our best to help.