2016 has seen many changes within the property market. While sectors of the market have remained soft throughout much of 2016 the year has finished with the rural and rural residential markets on unprecedented highs due to the good season and record livestock and grain prices. Yass Real Estate have seen a strong spring with a number of properties being sold or currently under offer.
We have a number of new listings that will be marketed when we return in January. These listings are across all of the sectors of the market including new and established townhouses, a range of new and established family homes in Yass, both residential and rural residential homes in Murrumbateman and two spectacular rural holdings in the Canberra corridor, both with spacious master built homes and rural infrastructure. Keep an eye on our website as they are listed in January.
After a slow start in leasings for 2016, the market has dramatically improved in the last six months since winter and throughout spring. The current availability for family homes is very low across Yass and as a result any homes being placed onto the rental market are seeing strong interest and generally receive a number of applications. Townhouses are continuing to experience a higher vacancy rate due to a lower demand. Rental prices have remained steady of the last twelve months.
We would like to take this opportunity to wish all of our clients a merry Christmas and a safe New Year. We also thank all of you for your custom over the past twelve months and look forward to a fantastic 2017.
The Yass Real Estate Team