LJ Hooker warns agents of down­turn

Central and North Burnett Times - - NEWS - SAM TURNER sam.turner@cnbtimes.com.au

DE­SPITE LJ Hooker Aus­tralia ad­vis­ing their agen­cies to pre­pare for a 20 per cent down­turn this year, Gayn­dah’s of­fice be­lieves there are still pos­i­tive signs of growth.

Busi­nesses across Aus­tralia have been feel­ing the Covid-19 squeeze fol­low­ing the in­tro­duc­tion of so­cial dis­tanc­ing re­stric­tions.

Prin­ci­pal real es­tate agent for LJ Hooker Gayn­dah, Peter Matt­son, said they’d had to make some tough calls to en­sure the sur­vival of the busi­ness.

“We’ve stood down two staff due to the sales sides of the busi­ness,” Mr Matt­son said.

“We’ve made de­ci­sion to ba­si­cally shut down, or down­size so that in six months’ time, or when­ever this fin­ishes, we’re still around.”

Mr Matt­son said he had seen a no­tice­able drop in in­quiries by buy­ers, but it’s not all doom and gloom for the North Burnett agency.

“We’re cur­rently op­er­at­ing 99 per cent ca­pac­ity with rentals at the mo­ment,” he said.

“Our lat­est hous­ing sale was in Mount Perry just last week, where we’ve been con­firm­ing the pur­chase through Face­book video calling.”

The prop­erty in Mount Perry is now in the process of be­ing sold for $215,000, a price Mr Matt­son be­lieves is the stan­dard for our re­gion.

Two prop­er­ties were sold in Eidsvold in March, just prior to the coro­n­avirus pan­demic.

“Most of ours are mid to low twos, oc­ca­sion­ally we’ll have one that is three and a half,” Mr Matt­son said.

“The good story out here is we aren’t see­ing the high rent pres­sures you might see in cities.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.