Ongoing confidence in Southland property demonstrated by both residents
and investors saw Harcourts' Invercargill and Gore offices enjoy
their most successful month ever in February.
Owner of the offices, Tony Jenkins, said his teams wrote an average
four property sale contracts per day, totally 129 by the end of
the month worth $23.3 million, or just over $800,000 a day.
"We are continuing to see a lot of rental property investors,
with a growing number from Melbourne and Sydney in particular, viewing
property on our website and in some cases buying 'sight unseen'."
Mr Jenkins noted that one Australian investor had purchased 19 investment
properties last month, while just this week they had managed the
sale of two properties 'sight unseen' to a buyer from Indonesia.
Mr Jenkins added that there was also a continuing trend of local
residents 'trading up' to more upmarket properties, reflecting the
confidence they had in their local Southland economy.
Good quality marketing was a key aspect to the successful sale
of a property and Mr Jenkins believed their record month was in
part due to new marketing campaigns launched by his offices in recent
weeks. He did however caution that more properties being listed
for sale was providing buyers with more choice, and it was important
for sellers to be realistic about their price expectations.
Harcourts Invercargill was judged best out of 9,395 real estate
offices throughout all of Australasia in September last year receiving
a 'Best Practice Award for Elite Performance by a Sales Team' at
the Australian Best Practice Conference.