Hi, my name is Greg Vincent and welcome to this week’s Acreage Market Wrap where I share an insight into How’s The Acreage Market?

This week there’s been so many changes happening that it’s been hard to predict what the latest Breaking News announcement was going to be from either the State Government or the Federal Government and what real impact they were going to have on our lives and our livelihoods.

Seeing the images of so many Australians lining up at Centrelink was absolutely horrible and the consequences of this Coronavirus crisis on our society and our economy are hard to predict.

One thing's for sure ...there will be an economic recovery, but, it’s hard to know how quickly that will happen because no one knows how long it will be before we see the end to this global crisis.

During this current period of uncertainty the main thing that we can do is to be there for each other as a broader community and do what we can to stay healthy (both physically and mentally), as well as doing our bit to help stop the spread.

Our medical personnel and care workers are stretched to capacity and they are already exhausted, yet sadly we still haven’t seen the worst impacts of this virus in Australia as yet.

Please do whatever it takes to help these people by stopping the spread.

I’d like to share my enormous thanks to everyone working in the essential services sector who are going to be working tirelessly throughout this whole pandemic whilst the rest of the community stay at home, plus, I’d like to pay deep respect to all of those people who have lost their jobs during this Coronavirus pandemic through absolutely no fault of their own.

This period of time is going to be extremely difficult on a lot of people and it’s so important as a community that we do whatever we can to help lift the spirits and provide hope to those who currently feel lost or without hope.

During the inevitable LockDown period that we are all facing, there are some things that we can do to be prepared and on my website I’ve shared 5 Quick Tips To Help You Prepare Ahead Of COVID-19 LockDown (Stage #4) .

I suggest you take a few minutes to check it out today or over the weekend if possible before we potentially go into the next phase of LockDown this coming week. I hope you find it helpful.

One thing to think of, is that, during the LockDown period a lot of people are going to have a lot of spare time on their hands and this may be a great opportunity to start that online business, or fix those things that you’ve been meaning to get to around the house, enjoy re-connecting with your loved ones or look at innovating, strategising and discovering new ways to do things.

…and that’s exactly what I’ve already started doing within our real estate business...

You see, since the Australian PM, Scott Morrison made the announcement that Auctions and Open Homes were banned from midnight on Tuesday, I’ve already started developing a whole new marketing strategy for acreage properties which I believe will become The NEW WAY to Buy and Sell Acres.

It provides a solution for my clients during the LockDown period and it’s a leading-edge approach which could actually turn out to become ‘The Way Of The Future For The Acreage Market’.

Also, this week I’ve noticed I growing trend from real estate agents and real estate trainers talking about selling properties’Off-Market’ and on my website I’ve shared an insight into ‘What Does Buying Or Selling A Property ‘Off-Market’ Actually Mean?

Plus, here’s a link to an announcement I made earlier in the week that Realestate.com.au were releasing a brand new feature called ‘Digital Inspections’ which allows for a new style of video walkthrough to be uploaded onto their site.

So as you can see things are changing very rapidly within the real estate industry as we innovate and try to find the best way to serve our customers during these uncertain times because even though we may not end up being seen as an essential service during the next LockDown phase, people still need to have somewhere to live and there are still a lot of property transactions going on here at McGrath and across the country, especially within the residential market.

Which leads me to…

How’s The Acreage Market?

The number of acreages being sold remained at the same low level as last week and we saw a dramatic increase in volume of new listings coming onto the market which has added to the current oversupply of acreage properties on the market.

Currently there a total of 414 acreage properties For Sale across the entire region. This overall total includes 228 acreage properties For Sale throughout all of The Hawkesbury, 126 in The Hills and another 60 acreages For Sale within Sydney’s North-West acreage areas of Penrith and Blacktown.
This week, there’s been another 22 new acreage listings come onto the market but once again only 3 acreage properties were Sold this week plus there’s been an decrease in the number of acreages that are ‘Under Contract’ which is expected in light of the uncertainty within the market, but, that being the case it's good to see that there are still 15 acreage properties currently ‘Under Contract’ across the region.
As we're nearing the end of March, there's been 77 new acreage listings and I anticipate that figure should reach over 80 new listings for March by the end of the month and so far 22 properties have been sold this month. The Hawkesbury has had 11 sold, The Hills had 8 sold and 3 sales occurred in the Penrith & Blacktown Acreage suburbs that we cover.

Out in the field, this week, we launched a stunning home at 35 Grand Flaneur Avenue in Richmond which has been beautiful renovated by FANDR Constructions and is a great home for anyone thinking of downsizing from acres who wants a quality 3 bedroom home with a studio, privately landscaped yard and high-end finishes.

Also, we launched a superb 25 acre parcel which overlooks The Hawkesbury River at 209 Greens Road, Lower Portland which is an ideal place to establish your dream acreage lifestyle. Both of these 2 properties are amazing. Make sure you check them out. I'll put a link to them underneath this video.

Also, I have a couple of acreage properties which are going to be photographed over the next few days which I will be promoting 'Off-Market' to my acreage database so keep an eye out for them in your inbox.

Speaking of your inbox, if you would like to be notified about any of the 'Off-Market' properties you can register to receive the latest edition of The Acreage Report 2020 (Autumn edition) which features an insight into ‘The Future For Acreage This Decade' and outlines the Two Biggest Factors Set To Impact Acreage over the next 10 years and at the same time you'll be amongst the first to know about the 'Off-Market' acreages I have coming up.

The Acreage Report also includes statistics about exactly what's happening within the Hawkesbury, Hills & Sydney’s North West acreage market.

Plus when you grab your copy, you’ll also get instant access to The McGrath Report 2020 which features some great insights from property expert, John McGrath.

The report is FREE, you can access a copy right now at www.TheAcreageReport.com.au

So there you have it, that’s it for another week’s Acreage Market Wrap.

If you’ve got any questions about anything I’ve shared this week or would like to discuss any of your acreage plans with me, don’t hesitate to get in touch.

Thanks for watching, stay safe, stay healthy and bye for now.

Regards

Greg Vincent