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’’.
The Country Fire Authority attended a Goulburn Valley Hwy furniture shop early this morning.
The Tungamah Football Netball Club has completed a fairytale season to clinch the Picola and District Football Netball League South East Premiership with an emphatic 106 point win over the Katamatite Tigers at Tungamah.
Billed as ‘Fabulous Flowers and Fine Food’, Tatura’s Anglican Church Parish had a successful fundraiser on Thursday, September 4.
Moama Bowling Club's Michael Walker has been chosen for the 2014 Australian Premier League team.
David and Katrina Christie’s Nanneella dairy farm is now home to one of the biggest sheds in the district, a 160m by 37m monster.
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Seymour event packs out St Mary's College on Saturday night.
Star Tocumwal defender took her club's A grade best and fairest award last weekend, adding to her 2014 PDNL medal.
Mia Mia Cricket Club is about to field its first cricket team since 2001
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Breakout seasons from Deni Rovers Jamie Thorpe and Nick Hay have seen the pair rewarded with respective best and fairest titles.
Now the Murray-Darling Basin Plan is enshrined in law, many opponents of the controversial plan to return irrigation water to the environment appear to have lost interest.
More than 320 000 foxes and 1500 wild dogs had been eradicated under the bounty scheme in the past three years.
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