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Spring Market Update

Aug 27, 2024

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Traditionally, Spring is a very busy time in real estate and this year is looking no different.
With the weather warming, homeowners become eager to list their properties as they look their best, while buyers, mindful of the approaching holiday season, look to be settled and moved by Christmas.

The predicted stabilisation of the housing market has materialised as we move toward the last quarter of 2024, with Singleton seeing a 1.7% growth over the last 3 months. The market sweet spot is within the $650,000-$800,000 range and small acreage/hobby farm type offerings up to 20 hectares (50 acres).
We are also seeing noticeable demand for low maintenance villas or small homes with downsizing common place. Mature owners who are now living in large family homes are making the decision to simplify their life with a low maintenance downsizer. 3-bedroom duplexes have been in particularly strong demand.

Spring will see the completion of Stage 6 Bridgman Ridge, offering 42 lots, of which 5 are already sold.

Along with Stage 6, we currently offer the only available land which is build-now ready at Bella Ridge Stage 2 (16 Lots Available) and Bridgman Ridge Stage 8 (5 Lots Available).

 

Some of our highlight sales throughout Autumn:

  • 16 The Glade, Gowrie - 3 bedroom home on 2 acres which SOLD for $868,000 after just 4 days on the market.

 

  • 34 Bourke Street, Singleton - 3 bedroom town home which SOLD for $589,000 after less than a week on the market.

 

  • 8 Ardersier Drive, Singleton - A beautiful family home which SOLD for $1,000,000

 

Latest Leased Properties:

  • 2/59 Wattle Ponds Road, Hunterview - $580 per week
  • 26 Sussex Street, Singleton - $580 per week
  • 1/38 Howe Street, Singleton - $320 per week

Our average weekly rental currently sits at $476 per week.

 

Click on the link below for your 2024 Spring Booklet with more information!

Spring Booklet 2024