Property Report

At last the gloom and chill of the inversion layer has lifted and we can all enjoy the sunshine and clear skies again albeit with a frosty start to the day.

The past month has again seen only moderate turnover with Home enquiry mainly associated with ‘First Home Buyers’ in the under $300,000 market.

Section sales have continued at The Dunes where a flurry of building activity is taking place, with further homes to come.
Lowburn terrace has seen one sale with another of the elevated 3000m²sites under contract. Again new homes are expected to be built there over the next 12 months.
Bannockburn is also seeing its biggest building surge for sometime with 8 homes either planned or in various stages of construction.

In Town, the new Paper Plus is well under way, as is the new Subway building.
Next to Nichol's Garden Centre, a new Hunting & Fishing base is to be constructed.
Construction on the new Medical Centre is due to begin soon.
These developments are positive but combined they will have a detrimental effect on The Mall.

An announcement on the radio this morning that some long term interest rates have dropped, when they were expected to rise, is a bonus for the Real Estate Market.