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’’.
Board members recall how they helped start Waratah Lodge, a retirement home that has lasted 25 years.
Police are currently at the scene of a double fatal collision involving two cars in at the Cahill Road, Gilmore Street and Woods Road intersection in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
MORE than 130 camp oven enthusiasts turned up to the Torrumbarry Hotel for its annual camp oven cook off.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
About 7600 residents served by Goulburn Valley Water are affected by a boil-water advisory.
Scone Equine Hospital relaunches local veterinary practice.
Scores of local farmers and concerned community groups will travel to Barham today to protest the Murray Darling Basin Plan in front of key Senators and Members of Parliament.
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
The second Koonoomoo Pickers and Packers Charity Ball came to town on the weekend, and was bigger and better than ever.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The second annual National Herd Development Victorian Winter Fair was in action at the Bendigo Exhibition Centre last Wednesday and Thursday.
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