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’’.
Shepparton police pursued two youths on foot near Waters Rd this afternoon.
The Mulwala Lions took a huge step forward in the race for the Murray League title with a hard fought, low scoring, 15 point win, against the fancied Barooga outfit, in near perfect conditions at Lonsdale Reserve on Saturday.
Chelsea Campbell is excited with her new business venture, after purchasing Carol Taylor’s hairdressing salon in Hogan St.
THE Echuca-Moama Country Music Festival will kick off next week at Moama RSL with three days of entertainment under the one roof.
NATIONAL tree day came early for Rochester Secondary College with 16 students planting 350 trees in little more than an hour on Thursday.
Goulburn Valley Water, in consultation with the Department of Health & Human Services, has lifted the Boil Water Notice for the township of Tongala.
Australian Army Cadets unit keeps winning awards.
Finley's well-respected Gordon Pyle will be remembered by the Southern Riverina community
HEATHCOTE Park Raceway was back in action on Sunday with a surprise for those expecting owner Russell Clarke to be enjoying his retirement.
Dozens of birds of all shapes and sizes flew the coop as Cobram hosted its inaugural poultry auction last Sunday.
Neil Buckley has been inducted as president of the Deniliquin Lions for the next 12 months.
Superior Seed Co ran a successful Winter Cropping Field Day at Deniliquin last week.
The Benalla Giants came out winners in both the under-14s and under-16s against the Benalla Bulldogs on the weekend.
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