April Market Update

Hello to You All,

The residential property market is continuing to remain strong throughout Yass and Murrumbateman. Many of the current purchasers have been coming from Sydney, Central Coast, country NSW and interstate and these purchasers are generally looking to have a country lifestyle while working in Canberra. 

In addition the property prices in Canberra are rising dramatically, continuing a trend that has been underway for several months, and this should have a flow on effect with buyers that have been priced out of the Canberra property market moving out to Yass and Murrumbateman in order to secure a home.

These factors coupled with the continuing low interest rates have created a situation where buyer numbers are outstripping supply of the current housing stock. The strongest competition is still within the residential market under $400,000 with a mix of first home owners and investors looking to secure these properties.

The rental market is starting to ease as we come into the colder months, however the greatest demand is still within the family homes.  

We would like to take this opportunity to wish you all a happy and safe Easter. Our office will be closed from 5pm Thursday 13th April and will re-open 9am on Tuesday 18th April.

Kind regards,

Michael Gray

Principal