Properties quick to sell in upbeat Southern Highlands market: DiJONES
The Southern Highlands property market is experiencing a period of great interest with properties being snapped up by buyers at an extraordinary rate, according to DiJONES.
DiJONES Head Auctioneer Josh Larsen said buyer activity at auctions in the Highlands has been strong.
“We have had a good lead up to Spring and our first auctions of the season saw keen participation from bidders.
“Heritage property, The Manse, built in 1890 as part of the Presbyterian Church at 2 alice street, mittagong, before it was restored and transformed into a four bedroom home, sold at auction on Saturday (1 September) for $985,000.
“The property was purchased by a Sydney buyer, which confirms a trend that we have been seeing of 73 per cent of Mittagong buyers coming from out of the area.
“The new owners were attracted to the original features of the home which has unique grandeur, including a beautiful entry hall with fretwork and chandelier, as well as wide original Kauri timber floorboards.”
Mr Larsen said buyers are drawn to the lifestyle and character homes of the Southern Highlands.
“Sydney buyers are seeing value in the Highlands and are more attuned to purchasing property under auction conditions. As a result we are seeing DiJONES marketed properties that are auctioned on market for an average of 21 days, which compares to data from Corelogic which sees the average number of days on market in Mittagong at 43 days,” Mr Larsen said.
“Properties with acreage are in demand, with four acres in a rural setting at 465 medway road, medway selling at auction for $725,000 on the weekend. The three-bedroom weatherboard cottagewas snapped up due to its easy access to the Hume Highway, and five minute drive to the heart of Berrima and 15 minute drive to Bowral.
“We expect to see continued demand in the Southern Highlands, as buyers look move to the area from Sydney or upgrade their current Highlands home,” Mr Larsen said.