Login
ISCOVER
One of Australia’s regional property markets is back with a bang, according to Raine & Horne.
Yesterday, the real estate agency announced its intention to open a new office in the NSW Blue Mountains to service Leura, Katoomba and Wentworth Falls.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
“The real estate market has been turning for the last 18 months, and today, we probably have the best conditions since 2003, with investors and owner occupiers back thanks to low interest rates, while enquiry levels are stronger than early 2012,” franchise principal Glen Ebzery said.
“With a vastly improved level of enquiries from buyers, it is timely news for those vendors considering the sale of a home in Leura, Katoomba and Wentworth Falls this spring.”
Mr Ebzery also confirmed that tree-changers are moving to the Blue Mountains in increasing numbers, as a result of improvements to infrastructure.
“The ongoing improvements to the Great Western Highway, with the recent opening of the Wentworth Falls section, is slowly reducing commuter times from the Mountains to [central Sydney], while improved internet technology is assisting more Sydney-based employees to work a day or two weekly from their homes in Leura, Katoomba and Wentworth Falls.”
Rental yields and vacancy rates are also tighter, according to Mr Ebzery, as more tenants move from Sydney into more affordable Blue Mountains rentals.
“There’s also been a change in the investor landscape, with older landlords being replaced by many investors who are using self-managed super funds to purchase an investment property in the Blue Mountains,” he said.
