The world is currently facing unprecedented times and whether we like it or not – our way of life is about to change.
Many of our clients have contacted us questioning whether the Coronavirus (COVID-19) will affect their real estate transactions and the value of their property.
The answer depends on a range of factors and we are seeing market conditions change from day to day. Like most industries at the moment, it is essential that the real estate industry keep up to date daily on the every changing trends.
Below are a range of tools available to our community as the situation develops.
The overall market is currently strong and we are still experiencing good buyer demand for certain properties.
Even if you are in isolation, we want you to be kept up to date and informed. We have introduced a new online valuation tool that will help us give you an accurate price range if you were to currently sell your home.
This tool is provided absolutely free to all Sutherland Shire residents.
Today, tomorrow and forever.
If you have been financially affected by the Coronavirus (COVID-19) pandemic, there may be some options available to you that can reduce the impact to your back pocket.
If you own a property with a mortgage:
If you are a tenant:
The government has also announced several supplements and financial packages that will be available to eligible people through Centrelink.
You can see more details at:
*McDonald Partners is not a financial services provider and this information is of a general nature, it does not take into account your current financial situation. As always, we recommend you seek professional advice for all financial needs.
So you find yourself now working from home. It can be daunting and scary, but follow some of these tips and it can make the transition a little easier for you.
Read more tips here:
The real estate market at this point has been mostly unaffected by the current outbreak of the Coronavirus (COVID-19). So to answer this question you really need to look at your personal circumstances.
If you are considering purchasing a property, it is still an excellent time to buy. We have been in contact with mortgage brokers who have assured us that the banks are still well and truly open for business and lending. With interest rates so low, now is a great time to look at entering the real estate market.
First home buyers especially need to consider that their purchase will be a long term investment into the property market. Like all markets, the property market is not immune to peaks and falls, but in the long term, property has proven to be an excellent investment.
If you are considering selling your property you need to remember that whether the market is good, bad, fantastic or dismal – as long as you buy and sell in the same market, you will be fine. So if you are looking to upgrade your home, or take the step from a unit or villa to a freestanding house, now may be your chance.
Speak to us today about any property transaction questions. We provide free, sound advice and can give you access to property and suburb reports and data.
Given the current social distancing, we are happy to speak to you on the phone, via text, video conferencing and screen sharing.
McDonald Partners Real Estate
11 Gymea Bay Road, Gymea NSW 2227
Phone: 02 9525 8066
Fax: 02 9525 3115