As expected, the property market has emerged under level 2 with a level of pent-up demand and plenty of activity, predominantly in the price bands below 3 million, says Samuel Seeff, chairman of Seeff Property Group.
Our agents have hit the ground running and the ability to physically view properties has been welcomed by buyers who are now able to move forward with their property transactions.
Buyers who are committed and keen to take advantage of the historically low interest rate and favourable mortgage lending climate have wasted no time in moving ahead with their property transactions. Mortgage applications have escalated drastically compared to the April and May period.
Seeff says further that the result has a notable uptick in transactions across the metros with buyer interest converting into sales over the last three weeks and several high value sales in various areas.