Southern Highlands and Tablelands residential property running strong: HTW

The Southern Highlands residential property market is running hot, according to a recent Herron Todd White (HTW) report.

The property valuation firm says that strong price increases and quick selling periods have been evident across the entire region.

The main driver is the trend of second and third home buyers and retirees relocating for a tree change from Sydney and for the affordability.

"The townships of Moss Vale, Bowral and Mittagong have been the stand out performers," the report said.

Fully renovated or new properties with nothing left to spend are sought after.

The strongest activity is under $1.5 million.

A three bedroom unit at 2/41 Shepherd Street, Bowral (above) has been listed for between $900,000 to $990,000.

Similarly a three bedroom house at 602 Argyle Street, Moss Vale (below) has been listed with a price guide of $899,000.

Price brackets above this level are also increasing," the report stated.

HTW has noted that the fringe suburbs of Southern Highlands is also beginning to see strong activity

"There has been strong activity from first home buyers seeking affordable housing options across the fringe suburbs in the Southern Highlands, essentially the villages such as Robertson, Bundanoon, Colo Vale, Hill Top and Tahmoor that are removed from the three major towns of Bowral, Mittagong and Moss Vale," the report advised.

"Properties still sell under $700,000 in these perimeter suburbs.

"If interest rates were to dramatically rise, then pricing levels will decline.

"If interest rates remain at low levels, then we anticipate that pricing levels will plateau.

"There are similar trends evident in the Tablelands, with good land sales and new home construction activity in the new and modern residential estates on the fringe of Goulburn including the Belmore Estate, Merino Country Estate and the Mistful Park Estate."

New land releases are trading for $200,000 to $250,000, with house and land packages ranging from $500,000 to $600,000.

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 Crookwell village is also seeing good buyer activity and price growth.

“We see strong buyer activity from first home buyers, second and third home buyers and retirees," the reports said.

"We are also seeing strong interest from Sydney investors in Goulburn.

"Part of the attraction here aside from lower entry price is ease of access to the Sydney-Canberra freeway.

"Many buyers will commute to Goulburn, Canberra or back up to Moss Vale and Bowral."