LJ Hooker warns agents of downturn
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.”