Thursday, July 16, 2015

There's no place like home... Where opportunities can erupt!

This week the media has brought the Bali volcano eruption to the centre of attention. When events like this occur, our holiday experiences are at top of mind. Consumer behaviour can shift in quite a substantial way, which we see flow on to our industry. The great news is that the impact on real estate is very positive and it provides some fantastic opportunities for South Australian investors!

On Wednesday we held an investment seminar at our Victor Harbor office, and the effect from the Bali volcano media coverage is already starting to show in this market. When holidays are impacted by unforeseen events, interest levels in holiday places closer to home rise. We have already experienced a spike in buyer enquiry on our Fleurieu properties.

Our Fleurieu region is one of Australia's top sea change locations and property sales have been very strong over the last three months.

Disruptions like this remind us of how much opportunity there is to invest closer to home. This region is still providing great value to buyers, with the median house price currently sitting at $327,500 in Victor Harbor and we are witnessing solid investment returns for both long- term rentals (a current average 5.2% yield), as well as holiday homes.

With the peak holiday period 95% booked, and high season already at 80% occupancy (90% of these bookings are coming from Adelaide locals), the demand from people wanting to holiday closer to home is strong and we expect this to become even stronger.

As pace of life quickens, time becomes a very valuable asset. Safety and reliability of holiday plans are also becoming increasingly important. The Fleurieu region accommodates all of these consumer needs, the new Southern Expressway saves even more time for Adelaide locals and the area caters for all, including beach lovers, river enthusiasts and those who love country living... It's no wonder it is tipped as an investor hot spot!!

The Fleurieu is not the only area that is hot in the market at the moment; we have many properties in Adelaide on the Toop Vault achieving great results - many are not even making it to the market for their scheduled spring launch.

Speaking of holidays, we have a number of our sales team returning this week from some time off with their family (some who were also caught up in the Bali events). It is great to have them back, recharged, excited and already firing as we head into the spring selling season!! 

We are seeing listings increase and buyers will start to see these properties coming onto the marketing over the coming weeks... However, if you are looking for a property, make sure that you are registered as a VIP member so you are able to access our Toop Vault properties so you don't miss out!

There are some fantastic real estate opportunities across South Australia at the moment, making it such an exciting time to be in Real Estate! There really is no place like home! 

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