The housing market on the south coast of New South Wales is currently enjoying its best conditions since 1981, with properties selling faster and at a price 20% higher, according to Raine and Horne.
Shoalhaven Market homes are selling faster, with days in the market dropping from the long-term average of 45 to five in recent weeks. Tony Hopper, local manager for Raine & Horne in Mollymook and Milton, said the number of open houses has increased dramatically, attracting up to 20 people.
"We have had our best start to the year in 40 years of working in this market. At the heart of this business are the Sydney buyers who realized they didn't have you don't have to live in the city to earn a decent living, ”he said.
During the first quarter of 2021, the number of conditional, unconditional and settled sales was 50% higher than last year.
"These are amazing results considering I was anxious and worried that the pandemic was going to hit business hard, and especially after the impact of the recent and terrifying bushfires," said Hopper . “People just wanted to get out of Sydney, move here and start working from home.”
Aside from the historically low interest rate, improving market infrastructure and relative affordability continue to attract the attention of potential buyers .
For example, the $ 400 million Berry-Bomaderry Princes Highway upgrade, which is expected to improve over 30 kilometers of highway between Gerringong and Bomaderry, is expected to reduce travel times to and from Sydney.
"Various road improvements and bypasses over the past decade have reduced travel times from southern Sydney to the region to just 2.5 hours," said Hopper.
"Thanks to the successful deployment of the NBN, we have excellent internet connectivity, which has enabled a new generation of demographics and a new generation of professionals to live and work from home in Mollymook, Milton, Ulladulla and the surrounding suburbs and towns, ”he says.
In addition, the deployment of NBN has improved the Internet connectivity of the market.
"It has enabled a new generation of demographics and a new generation of professionals to live and work from home in Mollymook, Milton, Ulladulla and surrounding suburbs and towns," said Hopper.
Top suburbs:
mt lawley
,
queens park
,
berala
,
Penrith
,
rooted hill
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