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’’.
Coca-Cola Amatil has confirmed it will be pressing on with its $100 million redevelopment of SPC Ardmona.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Mary and Molly Byrne are urging others to support National Bandanna Day today.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
The annual Deniliquin Garage and Town Sale event is being held tomorrow, and more than 16 homes are registered for the bargain day.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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