In our first year with PRDNationwide, we were pleased to finish in the Top 10 offices nationally.
We have no doubt the National Branding and Network brought more buyers to our doors we we were able to convert into sales for our Vendors.
Many real estate markets around the country struggled in 2011, but Horsham remained very strong.
After a slightly slow first quarter start, mainly due to the floods, we recorded our highest ever consecutive six months in sales (April to September) and our annual sales volume finished up overall on the previous year.
Our average days on market in 2011 to clear new listings was just 30 days , with around 98% of the asking price being achieved on average which is exceptional.
Rental demand continued to remain strong, and in the last quarter of 2011 we had an average 0% vacancy rate ( no empty houses! ) which made our investors extremely happy.
Looking ahead we have water back in the recreational lakes and the farmers have filled the bins so there are plenty of smiling faces around. Rental demand continues to climb, investors are bombarding us on the internet, and there has been a surge in sales in the $300,000 - $500,000 range indicating confidence in our local market.
We look forward to an exciting year in real estate and please feel free to call us on 53820000 if there is anything in real estate we can do to help you.
Wednesday, January 11, 2012
Monday, February 14, 2011
What's the market really doing?
The market has really lifted in February with lots of new listings, increased buyer activity and more sales - particularly in the $200 - $400 range.
PRD for those that do not know stands for Property Research and Development.
Our research department has studied the sales data and tells us that after a period of strong growth stretching through the earlier half of the decade, the Horsham house market seemed to have reached a plateau in more recent years.
This type of growth is in close alignment with a regular real estate cycle, where a market experiences strong growth for a number of years and then cools
for a duration before taking off again. With this in mind and the
strong performance of many other markets throughout regional
Victoria, the Horsham house market should commence seeing
significant growth again in the short to medium term.
The average growth over the last ten years was 7%.
In Ararat the median price has continued to surge, recording a tweleve month growth of 20.7% and a 13.5% improvement in sales volume. Of particular interest is the shift to wards more sales in the higher price brackets indicating strong confidence in the community.
Full reports on Horsham and Ararat are available for free from us upon request.
Regards,
Wes Davidson CEA ( REIV)
Director
PRD for those that do not know stands for Property Research and Development.
Our research department has studied the sales data and tells us that after a period of strong growth stretching through the earlier half of the decade, the Horsham house market seemed to have reached a plateau in more recent years.
This type of growth is in close alignment with a regular real estate cycle, where a market experiences strong growth for a number of years and then cools
for a duration before taking off again. With this in mind and the
strong performance of many other markets throughout regional
Victoria, the Horsham house market should commence seeing
significant growth again in the short to medium term.
The average growth over the last ten years was 7%.
In Ararat the median price has continued to surge, recording a tweleve month growth of 20.7% and a 13.5% improvement in sales volume. Of particular interest is the shift to wards more sales in the higher price brackets indicating strong confidence in the community.
Full reports on Horsham and Ararat are available for free from us upon request.
Regards,
Wes Davidson CEA ( REIV)
Director
Sunday, February 6, 2011
Junior Basketball Tournament this weekend .
This weekend (as major sponsor) we welcome people from all over the state to Horsham for the Junior Basketball Tournament. We hope you enjoy the weekend and encourage you to stay, shop and play in our wonderful region.
We will still be working of course, and available to show you through any properties that may be of interest. Horsham is a great place to invest with high rental returns and very low vacancy rates.
For further details on real estate in this area, ask a local.
Wes Davidson Real Estate Pty.Ltd - PRDNationwide.
We will still be working of course, and available to show you through any properties that may be of interest. Horsham is a great place to invest with high rental returns and very low vacancy rates.
For further details on real estate in this area, ask a local.
Wes Davidson Real Estate Pty.Ltd - PRDNationwide.
Thursday, January 20, 2011
New Website About to be released
Wes Davidson Real Estate - PRDnationwide is about to launch our new website reflecting our new corporate branding.
You will still be able to access our site using the www.wesdavidson.com.au address, but the new site is much more enhanced with extra features.
We would love your feedback once the new site is launched next week.
You will still be able to access our site using the www.wesdavidson.com.au address, but the new site is much more enhanced with extra features.
We would love your feedback once the new site is launched next week.
Tuesday, January 18, 2011
Flood Update
Business is returning to normal now but all mid week opens this week have been cancelled as we let the water recede.
Our phones are manned and we are ready to take your calls for appraisals, sales or rental enquiries.
Congratulations to the SES and other flood crisis authorities for an outstanding job.
Our phones are manned and we are ready to take your calls for appraisals, sales or rental enquiries.
Congratulations to the SES and other flood crisis authorities for an outstanding job.
Sunday, January 16, 2011
Open Homes cancelled due to flooding
The Wimmera is anxiously waiting for the flood waters to peak sometime today or tomorrow. It is a nervous time for us all.
Our thoughts and best wishes go out to everyone in our community and we hope our homes and businesses are spared from flooding.
Our scheduled mid week open homes are cancelled until further notice ,and if anyone requires emergency accomodation we will do whatever we can to assist.
Good luck and best wishes everyone.
Our thoughts and best wishes go out to everyone in our community and we hope our homes and businesses are spared from flooding.
Our scheduled mid week open homes are cancelled until further notice ,and if anyone requires emergency accomodation we will do whatever we can to assist.
Good luck and best wishes everyone.
Tuesday, December 21, 2010
Horsham will have the services of a nationwide real estate agency at its doorstep from the start of 2011.
Leading Horsham real estate agency, Wes Davidson Real Estate, has merged with PRDnationwide to bring all the advantages of a national real estate agency, without losing the ‘local’ touch, to the Wimmera.
Wes Davidson, who established his agency in Horsham in 1993 before expanding into Ballarat and Ararat, said the introduction of the national brand to the Wimmera would bring a fresh approach to real estate in Horsham.
“Our offices in Horsham and Ararat will remain the same, but Ballarat will merge with PRD Jens-Gaunt. The local people will be the same in each office, the enthusiasm, professionalism and commitment will be the same, but there will be many extras that we can now offer here that we could not before.” Mr. Davidson said.
“We recognised PRDnationwide’s strengths and they recognised ours. By bringing the companies together we are strengthening both our businesses and we are offering more options and benefits to our clients than ever before. It’s very exciting.”
PRDnationwide has 130 franchise offices across Australia with 15 in Western Melbourne and Western Victoria, including Ballarat. The company specialises in residential property and investment sales, asset and property management, leasing, rural property and agribusiness, prestige property and land marketing. Colliers International is PRDnationwide’s commercial arm. This leading local and global agency has more than 9300 employees in 240 offices worldwide.
Mr Davidson said the philosophy underpinning PRDnationwide’s business meshed well with his own approach to business and his desire to see the entire region strengthen its reputation as a place to live and work.
Wes Davidson Real Estate opened in Horsham in 1993 and later opened in Ballarat in 2000. Ararat opened several years later.
Despite 2010 being the best year for the Ballarat office, Mr. Davidson said he and wife Gina had decided the time was right to merge the Ballarat business to allow them to concentrate their focus back on the Wimmera region.
“The PRD focus is “ask a local” and that is exactly our philosophy in all offices. We employ locals. We will merge with PRD Jens Gaunt in Ballarat and use our combined resources to our clients’ advantage throughout the entire
region we service..” Mr Davidson said “but Horsham and the Wimmera is our home; we cherish that and won’t trade that. It remains our main focus. ”
For more information on the merger or for all your property needs contact Wes Davidson Real Estate at 71 Wilson Street, Horsham, phone (03) 5382 0000 or email info@wesdavidson.com.au
Wes Davidson, who established his agency in Horsham in 1993 before expanding into Ballarat and Ararat, said the introduction of the national brand to the Wimmera would bring a fresh approach to real estate in Horsham.
“Our offices in Horsham and Ararat will remain the same, but Ballarat will merge with PRD Jens-Gaunt. The local people will be the same in each office, the enthusiasm, professionalism and commitment will be the same, but there will be many extras that we can now offer here that we could not before.” Mr. Davidson said.
“We recognised PRDnationwide’s strengths and they recognised ours. By bringing the companies together we are strengthening both our businesses and we are offering more options and benefits to our clients than ever before. It’s very exciting.”
PRDnationwide has 130 franchise offices across Australia with 15 in Western Melbourne and Western Victoria, including Ballarat. The company specialises in residential property and investment sales, asset and property management, leasing, rural property and agribusiness, prestige property and land marketing. Colliers International is PRDnationwide’s commercial arm. This leading local and global agency has more than 9300 employees in 240 offices worldwide.
Mr Davidson said the philosophy underpinning PRDnationwide’s business meshed well with his own approach to business and his desire to see the entire region strengthen its reputation as a place to live and work.
Wes Davidson Real Estate opened in Horsham in 1993 and later opened in Ballarat in 2000. Ararat opened several years later.
Despite 2010 being the best year for the Ballarat office, Mr. Davidson said he and wife Gina had decided the time was right to merge the Ballarat business to allow them to concentrate their focus back on the Wimmera region.
“The PRD focus is “ask a local” and that is exactly our philosophy in all offices. We employ locals. We will merge with PRD Jens Gaunt in Ballarat and use our combined resources to our clients’ advantage throughout the entire
region we service..” Mr Davidson said “but Horsham and the Wimmera is our home; we cherish that and won’t trade that. It remains our main focus. ”
For more information on the merger or for all your property needs contact Wes Davidson Real Estate at 71 Wilson Street, Horsham, phone (03) 5382 0000 or email info@wesdavidson.com.au
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