New bridge boost for Echuca residential rental market: HTW

New bridge boost for Echuca residential rental market: HTW
New bridge boost for Echuca residential rental market: HTW

The Echuca residential market has shown no signs of slowing down after a year of further tightening and an increase in off market sales as agents have multiple buyers interested in property before it hits the market.

In many instances this resulted in the asking price or a touch stronger being achieved, HTW's latest report noted.

The valuation firm advised it was consistent across almost all Eucuca market segments with tightening market conditions spreading into rural residential holdings which historically required marginally longer selling periods.

Land sales west of Echuca have been well received amid limited competing supply while Moama has continued to see significant development.

"Nevertheless there is still an imperative to having properties listed correctly with older stock at secondary locations probably being the only slight drag on the market," the HTW report advised.

"Builders are busy and the market is likely to stay tight for some time, particularly the rental market on the back of commencement of the second bridge." 

Tags: 
Rental Markets Echuca

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