Lifestyle changers seek out the Southern Highlands: HTW

Lifestyle changers seek out the Southern Highlands: HTW
Lifestyle changers seek out the Southern Highlands: HTW

The Southern Highlands residential property market continues to see strong activity from local and out of region buyers, according to Herron Todd White’s (HTW) latest monthly market report.

The property advisory firm says that the most active market is close in to the townships of Bowral, where the most active price range is between $700,000 to $1 million and the median is $771,0004 (+13% 2015). 

An example is 5 Bronwyn Place, Bowral (pictured above), which is currently listed through Richardson and Wrench for $785,000. 

In Moss Vale, the most active price range is $450,000 to $700,000 and the median $508,000 ( which is up 15% year on year).

In Mittagong, local agents have reported a severe shortage of listings, resulting in a most active price range of $550,000 to $800,0001 and the medianprice is $605,000 (up 14% year on year).

Buyers are moving to the Highlands from greater Sydney, North Shore and the Hills District in particular, seeking a lifestyle change with accompanying economic benefits, the HTW report said.

"Pleasingly, an increasing proportion of purchasers are owner occupiers and families," it added.

Properties in the area are a mix of modern well appointed, well maintained and renovated older style dwellings.

The emerging precincts on the outskirts of townships such as Bingara Gorge (Picton), Renwick (Mittagong) and Darraby (Moss Vale) are also trading at a brisk pace, with price points from $550,000 to $900,000 where improvements will be modern and contemporary.

There is an increasing amount of property across the Southern Highlands in the $2.5 million plus category, primarily the rural lifestyle market, (10 hectares plus) that can remain on the market in some instances for up to two years.

These properties are generally located outside the main townships in the hamlets of Exeter, Bundanoon and Sutton Forest and are thinly traded, with purchasers more specific as to their requirements, eg equestrian facilities, house and guest accommodation, landscaping or water being some of the selection criteria.

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Southern Highlands Htw

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