Palerang Region Property Report AU T UMN 2 0 2 2 Courtesy of Ray White Bungendore
WHAT’S HAPPENING IN OUR MARKET? Well, here we are, rate rises are occurring and everyone wants to know - will we see the housing market collapse? As long as you don’t ask the media, it is looking more like a calming of the seas rather than a free fall. As capital cities are generally experiencing a downturn in prices and clearance rates, regional areas are showing good price resilience and in many regional markets excellent results are consistent. Core Logic confirmed, over the 12 months to January 2022, 24 regions recorded double-digit annual growth for houses, and 18 regions saw gains in excess of 20%. Construction costs are rising sharply; supply lines are damaged by the pandemic and as the cost of money rises, fewer new homes and complexes may be built. Established homes may well benefit moving forwards. The return to immigration will likely see a few hundred thousand people entering Australia per annum, these people will need dwellings (in 2018 there were 239,000 entering Australia). Moreover, the newGovernment plans to bring in a shared equity scheme for lower income earners, similar schemes overseas reportedly had a positive impact on house prices. Yes, interest rates are rising but unemployment remains low and economic growth appears strong. It is also notable that the number of available listings are down – meaning few homes are available to buy whilst at the same time regional Australia has grown by 70,900 extra people in 2021 (ABS 2021). If you’re wanting a sales strategy or just to knowwhat your home is worth in the current market, contact us.
Are you curious to know the new value of your property in today’s market? Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. Ray White Bungendore 10 Malbon Street, Bungendore NSW 2621 Doug Merriman 0419 999 001 doug.merriman@raywhite.com HOW MUCH IS MY PROPERTY WORTH? Contact us to arrange your obligation freemarket appraisal 62380700 | bungendore.nsw@raywhite.com SAMPLE SAMPLE SAMPLE Ellie Merriman 0402 117 877 ellie.merriman@raywhite.com
RECENT SALES IN YOUR AREA SOLD SOLD SOLD SOLD SOLD SOLD 5 Ellendon Street, Bungendore 6 Hopkins Street, Bungendore 11 Hopkins Street, Bungendore 57 Butmaroo Street, Bungendore 85 Gibraltar Street, Bungendore 109Widgiewa Road, Carwoola
SOLD SOLD SOLD SOLD THROUGH OUR DATABASE SOLD UNDER OFFER 126Weeroona Drive, Wamboin 2049 Bungendore Road, Tarago 1418 Captains Flat Road, Carwoola 8 Brooks Road, Bywong 12 Hereford Street, Bungendore 1408 Norton Road, Wamboin
SOLD SOLD SOLD UNDER OFFER THROUGH OUR DATABASE UNDER OFFER THROUGH OUR DATABASE UNDER OFFER 44 Bombala Street, Nimmitabel 540 Slap-Up Road, Jerangle Hoskinstown Bywong 57 Hopkins St, Bungendore 187 Sharp Street, Cooma
A WORD FROM OUR CLIENTS Always honest and professional “Doug has sold a number of properties for my family over recent years. He has always been professional, communicates well and is always honest in the way he conducts his negotiations” Matt & Mandy Crozier Smooth and friendly “Dear Ellie, Doug, Sally & Ava - thank you for all your help with what was a huge move for me. You made it run as smoothly and painlessly as possible. Ellie, your friendliness and professionalism in the process were much appreciated.” Deb Stelling, Elmslea Dr, Bungendore Detailed knowledge “Great service from really nice people. Ellie and Doug have a detailed knowledge about real estate and a very detailed knowledge of the region.” Colin & Gayleen, Bungendore Road, Bywong Good strategy, great outcome “Doug’s good strategy produced a great outcome. He kept me well briefed on progress and was a pleasure to do business with.” Hugh Moore, Dry Plain
Ray White Bungendore 10 Malbon Street, Bungendore (02) 6238 0700 bungendore.nsw@raywhite.com raywhitebungendore.com.au Ava Merriman Client Services (02) 6238 0700 ava.merriman@raywhite.com Doug Merriman Principal/Sales Licensed Real Estate Agent 0419 999 001 doug.merriman@raywhite.com Ellie Merriman Principal/Sales Licensed Real Estate Agent 0402 117 877 ellie.merriman@raywhite.com YOUR RAY WHITE TEAM Sally Hughes General Manager Licensed Real Estate Agent (02) 6238 0700 sally.hughes@raywhite.com RAYWHITE ADMINISTRATOR OF THE YEAR 2020-2021
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