The rental market is extremely busy as our property managers are working around the clock to get properties leased and manage the requests of tenants facing financial hardship as a result of the impact of the coronavirus shutdown. We currently have 41 properties on the market, many with competitive rents as, due to current conditions, we’re experiencing an adjustment of around 15%. The good news is that we have plenty of active renters on the books and the team is being kept super busy showing properties by private appointment and has taken 10 holding deposits in the past four days.
We’re pleased to welcome Tammy Tretiak to the PPD management team. Tammy comes to us with a huge amount of experience in fluctuating markets and is a long term local resident with strong ties to the area. Tammy has worked as a dedicated senior property manager for over 15 years and is renowned for her professionalism and insight. Her attention to detail, superb management skills and focus on forging strong relationships with clients make her one of the best in the business.
In sales news, we’ve had plenty activity in Clovelly this month. Today we launched 1 Knox Street, Clovelly to the market, a large family home that presents an incredible entry opportunity on one of the area’s best streets. Doreen Wilson has listed a gorgeous freestanding five-bedroom home at 31 Knox Street, Clovelly and Alexander Phillips sold 11 Knox Street, Clovelly after only half a day on the market. Just further up the street, Anthony Puntigam recently sold 53 Knox Street, Clovelly prior to auction after 21 days for a new street record of $7m!
A couple of blocks closer to the beach is Haynes Wileman’s new listing at 33 Boundary Street, Clovelly. The double-fronted Californian bungalow is perfect for families with a creative layout ideally suited to contemporary living and comes with a buyer’s guide of $3m.
Over the last week we’ve seen a steady amount of buyer activity, showing 174 buyers through our properties via private one-on-one inspections. The sales team has also listed 15 new properties and secured the sale of five homes.
We are so proud of the efforts of both our sales and management teams who are working extremely hard to continue to deliver first-class services to our clients, buyers, sellers, landlords and tenants. We’re just a phone call away if you’d like advice on any real estate matters. Take care, stay safe and keep connected.