PALERANG REGION PROPERTY REPORT AUTUMN 2024 Courtesy of Ray White Bungendore
Throughout March & April, we saw a sizable reduction in new listings, 13% less across the country. These figures are similar to last year’s listing results for the same period, with many property owners seemingly sitting on the fence for the time being. The reduction of available properties to purchase can often work in the seller’s favor. Around the country, including regional NSW, sales prices continue to creep up. Many areas are experiencing a sub 1% growth although in a few select spots double-digit growth is still present. Whilst the RBA and the Federal Government share different opinions about the economy, they both agree inflation is definitely on the decrease at the moment, and this may be why buyers are showing more interest and activity generally. In line with this, prices remain mostly positive, and this stability is expected to continue through 2024. The average median price for a house in Australia at the moment is $870,000. Using HtAG figures, a typical house in Bungendore is now $1,061,000, Wamboin $1,610,000 whilst Queanbeyan typical prices by comparison range between $722,000 and $1,089,000 depending on the suburb (HtAG Analytics Pty Ltd*). No matter what the market is doing, Ray White Bungendore is a small team making a big impact across the Palerang region, with years worth of statistics, testimonials and record results. With a passionate, educated and professional team, our agents are the go-to for selling your property. We know the region like no other, and understand exactly why it’s the place to live. *HtAG Analytics Pty Ltd (2024). Master Your Property Investment Decisions with Data-Driven Strategies. [online] Higher than Average Growth. Available at: https:/www.htag.com.au [Accessed 15 May 2024]. WHAT’S HAPPENING IN OUR MARKET?
OUR RECENT SALES IN YOUR AREA SOLD $1,340,000 SOLD $1,650,000 SOLD $1,280,000 SOLD $985,000 SOLD $1,050,000 SOLD $1,215,000 7 Nelson Terrace, Bungendore 43 Bingley Way, Wamboin 31 Bernallah Close, Carwoola 23 Hyland Drive, Bungendore 32 Mecca Lane, Bungendore 506 Wanna Wanna Road, Carwoola 4 2 2 4 2 3 4 1 4 4 2 2 4 2 2 3 1 2
OUR RECENT SALES IN YOUR AREA SOLD $1,280,000 SOLD $940,000 SOLD $1,180,000 UNDISCLOSED SOLD $1,250,000 SOLD $420,000 11 Hopkins Street, Bungendore 24 Hyland Drive, Bungendore 1 Cobb Court, Bungendore 28 Pony Place, Carwoola 79 Turallo Terrace, Bungendore 13 Harp Avenue, Bungendore 5 2 6 4 2 4 4 2 2 5 3 5 4 2 4 851sqm
OUR RECENT SALES IN YOUR AREA SOLD $965,000 SOLD $775,000 SOLD $1,120,000 SOLD $905,000 SOLD $745,000 SOLD $870,000 1 Donoghoe Place, Bungendore 30 Osborne Street, Bungendore 30 Mecca Lane, Bungendore 44 Mulwaree Street, Tarago 51 Caragh Avenue, Googong 24 Kings Creek Lane, Boro 4 2 2 3 2 2 4 2 3 3 1 6 3 2 2 3 2 4
OUR RECENT SALES IN YOUR AREA SOLD $1,015,000 SOLD $1,037,500 SOLD $550,000 UNDER OFFER UNDER OFFER 2 Lundie Street, Bungendore 6 Flynn Place, Bungendore 1 Chinnery Close, Bungendore 136 Ellendon Street, Bungendore 1063 Captains Flat Road, Carwoola Like to know what your property is worth? Call us for a FREE, no-obligation appraisal today (02) 6238 0700 4 2 4 4 2 2 1000sqm 1258sqm 3 3 5
A WORD FROM OUR CLIENTS “Ellie was fantastic! She answered all of our questions straight away. She helped us to understand the sales process and achieved a great price for our property. We recommend Ellie to everyone looking to sell. She is the best agent in our area.” 23 Hyland Drive, Bungendore “The process from start to settlement was easy to manage. Ava let us know each step of the way, what was happening and from our perspective it was flawless. Simply put, she’s excellent and I recommend her without reservation.” Andrew, 32 Mecca Lane, Bungendore “Even though I am overseas Ellie kept me informed of what was occurring with the sale. I appreciate her explanation of the advice she provided in relation to pricing and approach to market. We got a great result thanks to Ellie’s efforts.” Julie, 43 Bingley Way, Wamboin “I could not say enough about how much we appreciated and loved Ava Merriman and how wonderful she was to deal with. We have already recommended her numerous times to friends and others in the market. During our time looking for houses she was the very best and set a standard for others to be like. We had so many terrible experiences with other realtors that I could write a book. Overall, if there was a realtor to sell for us it would be her and her team. Very professional and honest along with helpful during our extremely busy situation of getting married at the same time as buying this house. Everyone at the Bungendore office was wonderful.” Ken, Hyland Drive Bungendore “Thank you, Ray White Bungendore - Doug and Ellie were both great to deal with, and very responsive whenever we needed advice or an update on how the sale was going. Thank you!” Mary, Nelson Terrace, Bungendore
Ray White Bungendore 10 Malbon Street, Bungendore (02) 6238 0700 bungendore.nsw@raywhite.com raywhitebungendore.com.au Doug Merriman Principal/Sales Licensed Real Estate Agent & Stock & Station Agent 0419 999 001 doug.merriman@raywhite.com Ellie Merriman Principal/Sales Licensed Real Estate Agent & Stock & Station Agent 0402 117 877 ellie.merriman@raywhite.com Sally Hughes Office Manager Licensed Real Estate Agent 0413 952 297 sally.hughes@raywhite.com Brooke Ellis Sales Administrator 6238 0700 brooke.ellis@raywhite.com Ava Merriman Sales 0429 517 003 ava.merriman@raywhite.com YOUR RAY WHITE TEAM
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