Thursday, August 24, 2006

Celebrating our achievements

Last Thursday Toop&Toop hosted its Annual Awards Night - the theme this year was Rock n Roll. It was a sensational night and fun was had by all. Everyone went to great lengths to look the part (make sure you have a look at our photos on the back cover and inside back!). We had appearances from Buddy Holly, Sandy (Sandra Dee), The Pink Ladies, The Supremes and The T-Birds just to name a few.
This night is to reflect on the outstanding performances of all our staff - recognising the efforts of our Sales Team, through to our Property Management Team and of course our back bone of the company the Admin/Advertising Teams. We are so proud of our talented team and it is a pleasure to be working with the best in the business.
List of our winners are:
Performance Excellence Award
Marie Brus, Anne Einarson, Justin Fried, Nicole Neill, Marlisa Seidel, Holly Newell, Mike Rogers, Peter Veitch, Alex McGregor-Reid, Peter Brown, Lew Toop, Charles Clemente, Len Allington, Peter Fried, Tim Thredgold, Phil Harris, Becky Neale.
Highest Value Property Sold (per office)
Coast - David Ferrari / Dijana Sladic; Tim Thredgold / Jenny Coulls.
Hills - Tom Bailey.
Golden Grove - Wayne and Lis Lands.
Central - Peter Veitch / Tom Bailey.
One Million $ Sales
Becky Neale, Peter Fried, Charles Clemente, Tim Thredgold, Jenny Coulls, Peter Veitch, Holly Newell, John Taylor, Lew Toop, Mike Rogers, Victoria McGregor-Reid, Marlisa Seidel, Kay Morris, Justin Fried, Tom Bailey, Anne Einarson, Peter Brown, Ken Bruce, Nicole Neill, Phil Harris.
Hall of Fame Million $ Club - Victoria McGregor-Reid, Alex McGregor-Reid, Tom Bailey, Ken Bruce, John Taylor, Phil Harris.
Two Million $ Sales
Peter Veitch, Peter Brown, Marie Brus, Mike Rogers.
Hall of Fame Two Million $ Club - Peter Brown, Marie Brus.
5 Million $ Sales - Peter Veitch, Tom Bailey.
Hall of Fame 5 Million $ Club - Peter Veitch,
Tom Bailey.
Top Sales Person
Hills - Anne Einarson
Golden Grove - Len Allington
Coast - Jenny Coulls
Central - Runner Up - Peter Brown,
Central - Winner - Peter Veitch
Jim Toop Rising Star Award - Alex McGregor-Reid
Premier Lister Property Management - Grant Wills
Top Management Team - Property Management - Team Gold
People’s Choice Award
Administration - Vanita Miller
Advertising - Scott Harding
Property Mangement - Grant Wills
Sales Associate - Silvana Wait
Sales - Debi Zecevich
Sales Person of the year
Fourth Runner up - Kay Morris
Third Runner up - Peter Brown
Runner Up - Len Allington
Winner - Peter Veitch


Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Monday, August 21, 2006

Quality Stock in Extreme Shortage

Last weekend witnessed one of our lowest levels of advertised housing stock that we have seen this year and 40% down on the levels experienced in the peak of Spring. The result in the market place is that home sellers have been reluctant to release their properties until they are able to find their next home and they have been in fear of selling their existing home without a new property to move into.
This is a phenomenon that we experience each year; however, having now had a taste of spring weather the phones have been running hot for appraisals which indicate we are only a matter of weeks away from a very active market.
The auction clearance rate dropped last week recording just on 50% down from 60-65% and we are not sure the reason for this. The number of buyers operating in the market sits on our records at 9,050 which demonstrate an ongoing strength in the marketplace. One thing that has been really noticeable is the number of properties sold prior to auction. Quality properties such as inner suburbs character homes still experience multiply offers, excellent sale prices and virtually immediate sale. So the buyers are obviously discerning and frustrated in their search for the hard to find properties.
So the up shot is spring sales and activity is really beginning to ‘Spring in to gear’!!


Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Thursday, August 10, 2006

Market round up

The relentless question to our team is “Whats happening to the market”.
So from our perspective here is the answer........
Firstly - there is a chronic shortage of available houses on the market for sale and this has resulted in would be sellers holding off until they can find their new home prior to selling their own. This compounds the problem of stock shortage.
Secondly - generally the buyers are less decisive and this is seen through tentative bidding at auction and an increased number of cool offs.
Thirdly - prices are holding in most areas but are under downward pressure in the mortgage and gas belts (in other words the outer suburbs where buyers have high percentage loans against their equity and need to travel in their cars substantial distances to work.)
Fourthly - buyer numbers remain constant and activity remains high amongst fewer numbers of properties.
Fifthly - good quality property is very hard to buy and purchasers are frustrated in trying to find that special property, and once found are faced with intense boom like conditions and fierce competition from multiple buyers.
Six - Rental properties reflect all of the above where quality rentals are still in hot demand and vacancy rates sit around 2% which is very healthy.
Summary: So in summary the interest rates have impacted the mortgage and gas belts however we believe this will settle down within a few weeks, quality properties everywhere remain in high demand and are still seeing upward pressure in there pricing due to the high level of demand and acute shortage of stock, which has under pinned prices across the market.
Toop’s Tip: Sell prior to all the spring releases, have a long 3-4 month settlement and buy in late spring when the market is flooded with stock.


Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Thursday, August 03, 2006

It’s time for a little Light Heartedness!

With the huge focus that has been in the media on interest rates and the corresponding rise announced this week, we may be due for something a little lighter to read ! I thought I would share with you a couple of our real estate anecdotes that have happened to our agents over the years.
That’s dedication!
A few years ago one of our agents was selling an investment property for a lovely owner that had tenants. The tenants were great people but they were young males who at their stage in life couldn’t quite see the problem with leaving dirty dishes in the sink & underwear & other clothes on the floor of their rooms ! The agent selling the property turned up to do an open and faced not the tidiest of environments ! So she rolled up their sleeves and set to doing the dishes & pushing clothes under beds and into closets. She finished the open which was on a Saturday & knowing that she was returning on the Sunday to do another open thought that she would go and buy a big bowl of oranges to leave on the now tidy counter in preparation. So off she drove returning with the oranges that she carefully setup. The next morning she returned to do the open only to find all of the oranges eaten except for one sole one sitting forlornly in the bottom of the bowl ! What service thought the tenants!
Female Folly
Locking your keys in the car can prove a challenge when working as a real estate agent. Not so long ago one of our ladies turned up to hold her open inspection to find people waiting eagerly outside well before the starting time. So as not to keep them waiting she jumped out of her car, grabbed her open inspection board and open flag , and started the open. There were lots of interested people so the open ran a little over time. She then madly collected all of her things, checked the house was securely locked and ran out to her car to ensure that she was on time for the next open. At this point she realised that in her earlier haste she had accidentally locked her keys in the car ! Not to be daunted by this she preceded to wiggle head first through her sunroof (which luckily was open). Our mental picture of her two lithely legs waving around with her head and body in the car still raises a giggle whenever we think of it!


Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group