By Jane Donald
In summary another active quarter which also saw activity in the top end of the market, sales of land at Joira estate and we have also been marketing apartments at No. 1 Church St.
By all accounts harvest in the region was successful leading to confidence in the market and moving forward into 2025.
We had 453 buyer inspections, 145 offers made resulting in 50 exchanged contracts.
$1,025,000 highest price
$290,000 lowest price
The average days was much higher in quarter 4 up to 67 days.
There were several sales in the top end of the market, some that had been on the market for some months. Sub $550,000 is strong with interest from first home buyers and investors. A lot of these are metropolitan based.
The median rent held steady at $470 per week, we have had a record month of 29 properties leased in 20 days. It has been extremely busy.
Highlighting standout sales were 13 Chelmsford St selling for $612,000. 7 Tarlow Ave for $800,000 and 24L Debeaufort Dr for $1,010,000.
The most sought-after property, attracting over 41 groups to inspect was 30 Quinn St a well-presented family home on central/south marketed by Ross Woodham.
In 2024 the transaction of a residential property has become more complex. Mostly because of buyers being very risk adverse, (as our market values increase) we have been working on ways to assist our clients selling and to make the transaction smoother. We will be changing our selling process in 2025 as a result and we hope the transaction will be more transparent and reduce issues we are currently experiencing. We will provide more updates next year.
I would like to take this opportunity to congratulate our staff on a successful 2024, they have all worked very hard. Thank you to our clients and contractors and wish everyone a fun festive season and all the best for 2025.
