Deniliquin Real Estate agents believe it is a great time to invest in the local area.CASS SAVELLIS April 17, 2014 3:23am
Buying a home in Deniliquin is a sound investment if the local real estate market’s current trend is anything to go by.
Big River Real Estate principal Ashley Hall has sold more investment properties this financial year than the previous six years in total.
‘‘Sales have definitely picked up,’’ Mr Hall said.
‘‘This shows an increased confidence in sales. Overall the market is still going along nicely.’’
Elders Residential Real Estate principal Lester Wheatley says Deniliquin is enjoying the best market balance in 10 years.
‘‘The demand in the market has improved significantly,’’ Mr Wheatley said.
‘‘The number of residential properties for sale has halved in last 12 months.
‘‘This is good for sellers — it creates better equilibrium in the market meaning more competition and better prices.’’
Mr Wheatley said the increased interest in the Deniliquin sales market should lead to an increase in property value.
‘‘At the moment this has not translated to price increases but we expect it will as demand strengthens in prevailing record low interest rate conditions,’’ he said.
‘‘We are selling more homes than we are listing .
‘‘This will lead to more people vying to buy the limited properties available.’’
Deniliquin’s rental market is also strong, with properties still in high demand.
Mr Hall said there has been ‘‘no shift’’ in rental vacancies.
‘‘Rentals are extremely tight and there are very limited vacancies. I expect rentals will remain that way for the foreseeable future.
‘‘But it is good to see new developments in town that are bringing more people here.’’
Mr Wheatley agreed, saying the rental market is ‘‘still very strong’’.
Hafizullah Mohaqiq was born in Afghanistan, spent periods living in Pakistan and Iran, before arriving in Shepparton two months ago.
The Mulwala Lions had satisfying and hard fought win, in difficult conditions, against last year’s grand finalists at Lonsdale Reserve on Saturday.
The Fairley Leadership Program met in Tatura on Wednesday, exploring ‘Water and our catchment’ at Goulburn Murray Water.
Road authorities have made little progress to fixing Echuca’s most dangerous intersections.
Lockington Vintage Tractor and Stationary Engine Rally is on for the 18th time this weekend and there is something for everyone.
Kyabram and District Sportstar of the Year nominations finalised
Three local clubs get together at Kings Park.
Tributes flow for Finley's inspiring mother, friend and farming advocate Jennifer Hawkins
A visit by Coliban Water to Heathcote last week provided residents with a chance to quiz staff about water and sewer services.
A new book, Men from the River Bends, honours Cobram-Barooga and district soldiers who paid the ultimate sacrifice after enlisting in World War 1.
Deniliquin bowler Dennis O'Keefe lost 25-19 in his bid for a quarter-final spot in the Victorian Singles Championships this week.
Widespread rain late last week and on Saturday put a smile on the faces of farmers preparing to sow crops or waiting for weeds to emerge on early-sown rye-grass.
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