Well, Lockdown 2.0 was a massive dark cloud over all Victorians up until a couple of weeks ago. The continued brilliance of small business to ‘pivot’ and ‘be inventive’ were the hallmarks of the past three months.
We pay tribute to the many companies still under restrictions and look forward to our gyms, cafes and restaurants once again making the greater Melbourne the place we love.
Investors scouting the market continued through lockdown with our office facilitating several transactions ranging from $300,000 to $8.7M. The Cup Day rates announcement whet the appetite of investors further with strong evidence that money is unlikely to get any cheaper than right now.
Whilst our office is still closed to the public, we have benefited from being able to conduct inspections since Monday 26th October with fantastic enquiry levels on industrial, showrooms, suburban office and retail. There is pent up demand from occupiers unable to make plans to date in 2020 and now competing with the yield-seeking investors as mentioned earlier.
It all points to a strong finish to 2020 for our Landlords and Vendors provided the restrictions continue to ease.
In exciting news for our team, the Facey brand is getting a new look ready for a fresh new year in 2021 – keep an eye out over the coming weeks to watch our transition.
As featured in the recent 2020 Property Preview Edition 4 – available online now!