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Auctions show no signs of slowing down for Belle Property

Despite rising concerns over the impact of COVID-19 on the property market, things are looking bright for Belle Property with strong results from an in-room auction in Parramatta last night.

The auction, conducted by Belle Property’s Chief Auctioneer, Andrew Robinson, alongside of Principal of Belle Property Parramatta, Chris Sahyoun saw eight auctions take place, with five being sold at the close of the evening.

Varying from one-bedroom apartments to dual blocks with DA approval for development, most of the properties had competitive bidding.

“The sentiment in the room was optimistic, and while we had less “spectators” than usual, the bidders we had, saw a strong opportunity in the current climate,” said Andrew Robinson, Chief Auctioneer, Belle Property.

“While we conducted the auctions in-rooms we certainly complied to the recent government advice regarding heightening hygiene efforts, including sanitising bidders’ cards and ensuring people were standing safely apart, so everyone felt very comfortable.”

Chris Sahyoun said interest in property in Parramatta was solid, with vendor and buyer confidence high.

“We had extensive interest in these properties and developments, and it wasn’t difficult to market these properties to the right buyers. Despite what a lot of the reports are saying, the buyers are still there, and people are still interested in buying and selling property,” said Chris Sahyoun, Principal of Belle Property Parramatta.

Across the board, the Belle Property network, which includes Melbourne based group Hockingstuart, Belle Property Commercial, Belle Property International and Belle Property Escapes, has been conducting business as normal, with results and sentiment positive and unchanged.

“While there is obviously anxiety around how the virus will impact the property market, we’re yet to see any signs of it slowing down.

“This coming week we have almost 2,000 OFI’s, over 2,000 listings on the market and we have sold over 100 properties in the last seven days, with over 130 auctions to come this weekend,” said Peter Hanscomb, CEO of Belle Property and Hockingstuart.

“We have certainly put in precautions to protect the health and wellbeing of our clients and staff – including offering a myriad of virtual options for viewing and buying property, as well as following guidelines for social distancing at open homes and auctions allowing four square metres per person. However, we are still running business as usual and it’s very comforting to see the public are doing so also.”