With only 5 weeks to go until Christmas it is a busy time of year, with gift shopping, festive get-togethers, last minute house cleaning before the in-laws arrive and holiday planning.
The local property market is busy also, and is showing no signs of slowing in the lead up to Christmas. There are a host of factors that are driving the current market, including record low interest rates, the upgrade of the Great Western Highway, reducing commuting times, unaffordable Sydney house prices and our proximity to Sydney. Sydney has the strongest economy in Australia with an unemployment rate of just 5%. This has supported continued demand for owner occupied homes and rental properties in the local area.
If you would like a more detailed report of the local property market call the office on 02 4787 8797 or email jessica.ridder@raywhite.com and request a free Suburb Snapshot.
The Upper Blue Mountains property market continues to demonstrate resilience, with buyer demand remaining steady across a diverse range of purchaser groups, including local owner-occupiers, Sydney tree-changers, investors and retirees. While the number of transactions has eased compared to the same period last year, property values have continued to strengthen and homes are selling more … […]
The Upper Blue Mountains property market remains strong, driven by lifestyle demand and Sydney buyers seeking space and natural beauty. Blackheath’s median house prices are near $880,000 with solid annual growth and quick sales, reflecting steady buyer interest. Katoomba also shows healthy house values, with a median house price of $870,000 and reasonable days on … […]