Day: June 21, 2020

Competition Increases for Homebuyers as Coronavirus Drives Housing Shortage

Half of Redfin offers faced competition, up from 44% in April.

In May, 49.4% of Redfin offers faced competition, up from 43.9% during the prior month.

While sellers are jumping back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars; the number of listings on the market in May was 18.9% lower than the same period last year.

“Bidding wars also jumped in May because homebuyers felt they were starting to get more clarity around where the economy was headed, with cities around the nation lifting stay-at-home

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Land grab sees 12 Sandstone Lakes homesites sell in a week

The Sandstone Lakes masterplanned community in Ningi. Photo: supplied

Three homesites are all that remain in the masterplanned community of Sandstone Lakes near Bribie Island after recent government grants caused a land grab.

Developer QM Properties announced the final release of large sites just before the Federal Government announced details of its $25,000 HomeBuilder grant to boost the construction industry, which has been hit by the COVID-led economic recession.


Homeowners call on style gurus to spruce up their homes

Brookwater’s designer dress circle

The rush on sales led to 12 properties selling in one week, bringing to 25 the

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