May Update

Hello To You All,

Market Update

The rural and rural-residential markets are continuing to be very buoyant with a lack of supply of quality properties helping to drive this demand both around Murrumbateman and Yass. In the residential housing sector, the homes under $400,000 are still seeing strong interest and competition, however the new home market over $600,000 is slowing which is a result of the slightly cooling market particularly in Sydney but also to a lesser degree in Canberra.

The other aspect that is causing properties to take longer to exchange contracts at present is the time delay with many of the major banks and credit unions. The Royal Commission into the Banking Sector has led to several of the banks introducing greater checks and internal auditing within their lending.  While this may not be drastically changing borrowing capacity it is leading to some time delays in obtaining final approvals on finance and we will all need to remain patient while these new procedures settle in.

Congratulations

We have two congratulations to make. The first is to our Property Manager, Carly Scanes, on obtaining her full Real Estate Licence.  This is an outstanding achievement and we are very proud of the amount of work Carly has undertaken to achieve this.  Given the major regulatory changes commencing shortly within the Real Estate sector this will allow the agency to seamlessly transition into the new reforms.

The second congratulations is to Michael on being discharged from hospital in Sydney. It has been many months coming but we are all very glad that he is now home and able to continue his recovery within the community.  While he still has some way to go before being a regular face at the office he has taken the first important step.

We want to thank all our clients and the wider community again for the huge amount of support they have shown during what has been a very difficult time. It has been a huge encouragement to everyone in our office and we have been blown away by the level of support within the community.  This is a true testament to what country towns are famous for.

Sales Assistant

Due to the increasing sales and several exciting projects that will be commencing later in the year we are starting the search for a Sales PA and Junior Salesperson. This role will suit a vibrant and outgoing person looking to start a career in real estate.  Please feel free to share this with any of your friends or family that may be looking for a career in Real Estate.  Applications including a covering letter and CV can be emailed to Michael at and further information can be provided by our office 6226 1922.

Kind Regards,

The Yass & Murrumbateman Real Estate Team