QUEENSLAND WELCOMES ITS SOUTHERN NEIGHBOURS

The egg on face report

Victorians and Sydney-siders jumped on planes on Tuesday morning and headed to the Sunshine State, reuniting in emotional scenes with family and friends, and being able to resume workplace interactions.

There were excited scenes at Brisbane airport early on Tuesday as Queensland opened its borders to Victorians and Sydney-siders for the first time in months.

Among the first off a plane from Sydney bright and early was Matt Jacovi, who was finally able to reunite with his wife Ashley and daughter Payten.

“It’s been a long time,” an emotional Mr Jacovi said after greeting his family.

Elsewhere, the first flight from Melbourne was to be greeted with a baggage carousel loaded with freebie thongs in retailer’s publicity stunt.

Queensland closed its borders to NSW residents in August, although people from outside Sydney were allowed back in from early November. Victorians have had an even longer wait – the Sunshine State barred them in July.

Queensland has some form of border restrictions since the pandemic first struck in late March. But it is easing its measures as other states get the virus under control.

Extract from The New Daily

 

For more information about property management during this pandemic, don’t hesitate to contact us

How much is your home worth today?

HOW MUCH INCREASE?

I’ve had some buyers tell me …”Yeah I know, the market has gone up a hundred grand.” Others say it’s up at least 10%. One thing is for sure, the lagging indicators of sale prices that find their way to the surface two or three months after settlement are not reflecting the current hype in the market. The official national figure for 2021 year-on-year dwellings growth is 5.9%.

WHAT DO WE DO?

Over the long-term real estate always seems to go up in value. So why sell now? Maybe you shouldn’t. Maybe holding on to solid assets that are rising in value is a good plan.

One of the benefits of an improved market is that it takes up the slack from previous problems. There were a lot of people that bought properties at the very peak of the market just before the GFC hit. Many of them were still sitting on assets two years ago that were worth less than they paid eleven years earlier.

Maybe this boom will allow them the liquidity to sell and move on.

Another old maxim is, “Buy in the gloom, sell in the boom”

Where are you in the financial cycle of your life? Are you feeling young and still accumulating all you can get your hands on, or is it time to take the win and set up for some golden years?

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