Southern Tablelands residential land sees increase in first home buyer activity
The Southern Tablelands residential market continues to remain at a consistent pace, according to Herron Todd White’s April report.
The property valuation firm says that the average price remaining at as a result of new land releases coming onto the market year to date.
“New land releases are trading for $220,000 to $250,000, with house and land packages ranging from $500,000 to $550,000.
"Likewise some of the villages between Sutton Forest and Goulburn, such as Marulan have seen an uptick in first home owner activity, with new land releases being quickly absorbed by the market in the $160,000 to $190,000 range for 1,000 square metre blocks,” the report stated.
Herron Todd White says that part of the attraction here aside from lower entry price is ease of access to freeway.
“As with the Southern Highlands market, the only real slowdown foreseen in the market would be as a result of a lender change in credit policy or increases in interest rates,” the report commented.
A 1450 sqm residential land at 41 Patrick Place, Marulan (above) has been listed for $170,000.
Similarly a 1000 to 1450 sqm residential land at 50 Patrick Place, Marulan (below) was sold in March this year for $160,000.
