Ph: (02) 9370 56 64

LJ Hooker starts 2015 on the back of best ever month

On Jan 22 2015


Leading real estate group LJ Hooker posted its best ever month for unconditional sales in December, ...

Leading real estate group LJ Hooker posted its best ever month for unconditional sales in December, as long-term outlooks encouraged vendors and buyers to ignore the Christmas lull.

 

The period eclipsed the previous record set by LJ Hooker in March 2013, and represented a 61% increase in unconditional sales compared to December 2013. Settlements were also up 15% year on year.

 

The sales record came as debate on the future of cash rate changed from the likelihood of an increase, to the probability of stability, or even a reduction.

 

LJ Hooker Chief Operations Officer Paul O’Regan said as the network broke new territory, it was addressing the challenge of limited stock.

 

“There was an over-riding sentiment from buyers to make their move before Christmas,’’ said Mr O’Regan.

 

“Most capital city markets showed unprecedented strength in the latter stages of 2014, as experts speculated rates will stay stable for much of 2015, or even drop.

 

“Our auction campaigns worked very successfully, and the days on market of properties listed through private treaty reduced, in general.

 

“But late year buyer interest has lessened the amount of stock on the market for the start of 2015. That has created a challenge for LJ Hooker to build a pipeline of listings that can cater to the market appetite that shows no sign of abating.’’

 

Mr O’Regan said LJ Hooker offices had fielded a high level of enquiries from people eyeing off the New Year as the period to kick-start their 2015 property plan.

 

“Whether they are a home owner wanting to take advantage of the record low interest rates to upgrade, or an investor wanting to add to expand their portfolio, an appraisal of their current property is the first step in the process.’’

 

Currently, home owners or landlords whom have a property or investment property appraisal with an LJ Hooker officer before March 31 are eligible to go into a draw for one of five prizes of a million Qantas Points.

Subscribe to our newsletter

Please enter your name
Please enter your valid Email Address
Please checked I Agree to Terms & Conditions and Privacy Policy
Please verify that you are not a robot.