|We are not sure if it is just us but 2020 seems to be flying by despite all of the issues we have faced on a local, national and global scale. As a Builder/ Developer we are always planning well into the future as a typical project timeline for our business is 24-36 months.
As we consider the future there are a lot of questions we would all like to know the answers to. Some that will affect us directly and immediately and some that will have longer lasting unknown effects…
- When will we be able to travel freely again?
- When will our workplaces, restaurants, cafe’s, gym’s, & sporting events return to normal?
- When is the right time to sell or buy property?
- What will happen in the US, China and the rest of the world post pandemic?
- What will happen to home prices locally and nationally?
- What will our economy look like?
The answer to some of the questions above are starting to filter through as the restrictions in Queensland and across the country begin to lift.
In regards to the property market we can comment based on our experience and what we are hearing on the ground. Enquiry has certainly dropped during the past 10 weeks but considering in February we did not have any sales at The Terraces in Stones Corner and we are now about to be completely sold out. There has continued to be strong demand for quality homes and this is something we are hearing echoed by other developers and real estate agents. Over the last 2-3 weeks as Open Homes have resumed we have seen really great numbers through all of our projects and it seems as though buyers who are in a position to purchase are going to. This decision making process might be brought forward for some buyers with incentives for new home purchasers and potentially renovation grants on the agenda with all levels of government.
The start of 2020 for Siera Group was about selling out of our completed projects and starting to make some strategic acquisitions for projects to be delivered in 2021 & beyond and this is something we are working very hard on with some exciting announcements on the way.
NOW some Project Updates…………………..