POST ELECTION INFORMATION EVENING

Last Wednesday Cobden & Hayson Annandale & Balmain hosted some of its clients for an Investors Post Election Information Night with more than 80 people in attendance at the Domain office in Pyrmont.

At Cobden & Hayson, we get it – we’re all about making life easy for clients. Great real estate practice isn’t simply about selling and leasing homes, it’s about providing support and advice whenever it’s needed. We have a proud heritage of market-leading results and we’re passionate about providing insightful market information based on detailed, up-to-the-minute research.

We pride ourselves on having some of the largest rental portfolios in Sydney’s inner urban fringe, and recently we’ve looked at ways to ensure our clients are the best educated when it comes to their investment, whether it be reporting, tools, technology or events. Customer experience and satisfaction is integral to our service so any way we can improve this, we aim to achieve it.

So who better to help educate our guests than a carefully selected panel of the industry’s finest minds?

The evening was run as a relaxed event powered by some of the big names in real estate such as Eliza Owens, Economist for Domain, Good Deeds Buyers Agent Director Veronica Morgan, Financial Advisory and Mortgage expert Chris Bates, Hall Chadwick Accountant and Partner Bill Petrovski and Jemmeson Fisher Solicitor specialising in real estate Sarah Heuvel.

The content touched on everything our clients should be aware of post the recent May 18 election. Originally we were expecting a Labor win, with plans to focus on the issues of negative gearing and capital gains, however the mood seemed more elevated and positive given the result.

Veronica Morgan is co-host of Foxtel’s Location Location Location Australia and Relocation Relocation Australia, principal of Good Deeds Property Buyers, and co-host of The Elephant in the Room property podcast said “Before the election I couldn’t find one person who thought Labor wasn’t going to win. Afterwards it seems everybody knows exactly why they didn’t. Certainly property investors (and would-be investors) have breathed a collective sigh of relief and we’ve already seen a noticeable improvement in market sentiment. I’m not saying we’re entering recovery, but this might have marked the bottom of the market”

Chris Bates from Wealthful echoed Veronica’s words by saying “What an important event for property investors to begin to digest the enormity of the what felt like a never-ending election. More importantly, what the unexpected result created was a short term opportunity to be purchase and take action in a well-priced property market that was oversold in parts around Sydney due to fear of a wider and deeper property crash. Now that fear truly has all but evaporated, we are seeing people going hammer and tong again for good assets with much stronger prices.”

We look forward to keeping you update to date at our next event.