Ross Savas talks to Williams Media about current climate
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Mar 20, 2020
Ross Savas talks to Williams Media about current climate
Ross Savas, Managing Director of Kay & Burton and one of Australia's most influential agents, talks to Williams Media about buying and selling in the current climate
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Kay & BurtonRoss Savas Managing Director Kay & Burton
WILLIAMS MEDIA spoke to industry leader, Ross Savas Managing Director of Kay and Burton about the current climate and how the property market is reacting.
“Last weekend Kay and Burton had very positive results, achieving sales in excess of $10million and this weekend is also looking very strong.” Mr Savas said. Since Monday he has been fielding constant phone calls about the situation and his advice to both vendors and buyers is the same, “Everyone needs to settle down, and remain calm.”
Source: Kay & Burton - Recently Sold, 22 Chaucer Crescent, Canterbury
When asked about whether it was a good time to sell or a good time to buy Mr Savas went on to say that with the current uncertainty across many fronts home owners often delay acting, because of this Melbourne is currently experiencing a very low-turnover market and there is a large pent-up demand fuelled by buyers that have already sold their properties and are looking for a new home, coupled with a high influx of expats returning to Australia.
Source: Kay & Burton 64-66 Berkeley Street, Hawthorn - For Sale by Ross Savas, Walter Dodich and Jamie Mi - Kay & Burton South Yarra
“For vendors it is a good time to sell as there is not a lot of stock, equally if you are looking to purchase and find the right property, buy it…because it may not be there in a month with the current pent-up demand.”
Mr Savas said, “Australia has always been a resilient nation, we have united against drought, bush fires, floods and cyclones and Covid-19 is another challenge we shall overcome. With the situation changing almost hourly we need to approach the challenges ahead with positivity and we will get through it. We need strong leadership, a clear plan and to remain calm.”
“If Melbourne is shut down next week Kay & Burton will remain open for business.” Mr Savas confirmed.
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