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Summer Market Update

Dec 05, 2023

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Summer Market Update

Incredibly, 2023 is drawing to a close. The year has seen a stable real estate market that has eased over the last few months. The average 'days on market' has increased from 56 to 69 over the last 3 months. However, our office average sits well below this figure and currently sits at 53 days. The ongoing strength and growth within the mining industry along with the major infrastructure projects (Golden Highway flyover & Singleton Bypass) continue to provide stability and constant rental demand.

Looking ahead, interest rates appear to be close to their peak which should return some certainty. With limited housing stock and a well documented tight rental market, prices in the established property market are expected to remain stable. Singleton still provides plenty of value for the investor.

Some of our highlight sales throughout Spring

- 1/35 Sinclair Avenue, Hunterview which sold for $21,000 above the asking price, within 5 days on the market, after 4 offers.
- 12 Woodward Avenue, Singleton Heights which sold for $9,000 above the asking price after 18 days on the market.
- 125 Casey Drive, Hunterview which sold for $900,000 after 21 days on the market.

We listed some of Singleton's premier properties throughout Spring including:

- 'Carinya' - 4 Carroll Street, Singleton, an architecturally designed 4 bedroom family home set privately off the street on 2544 square metres.
- 8 Ardersier Drive, Singleton, a privately positioned 5 bedroom family home with a rural aspect and 1750 square metre block.
- 15 Gas Street, Singleton, a spectacular 4 bedroom Singleton family home being offered for just the second time in 100 years.

All current available properties - CLICK HERE

Latest leased properties

- 38 Brucedale Avenue, Singleton - $480 per week
- 5/40 Cunningham Parade, Singleton Heights - $420 per week
- 10 Lambkin Street, Hunterview - $680 per week

Our average weekly rental currently sits at $450 per week, up from $410 this time last year.

Click on the link below for your 2023/24 Summer booklet with more information!

Summer booklet 2023-24