A positive outlook
It goes without saying that last year presented us with more twists and turns than ever before.
Despite the challenges, we achieved incredible results for our valued clients, including record breaking sales for our investors; attracting and securing new tenants for our leasing clients and assisting our asset management clients to navigate a complex and rapidly changing market.
We look forward to a ‘covid normal’ 2021 with renewed energy.
There are certainly good indicators with Australia technically out of the COVID recession. Several vaccines are looking promising, money remains cheap and readily available, and Governments continue to inject billions of dollars of stimulus into the economy.
At Burgess Rawson, we have strong expectations for the year ahead. There are a large number of underbidders following our highly successful portfolio auctions in early December. The auctions in Sydney and Melbourne resulted in a combined 90% clearance rate with over $100 million of property transacted over the two days.
This great momentum is expected to continue as we move towards our first auctions for 2021. If the line-up of properties is any indication, this year will be stellar!