February 2020 Newsletter
We are now well into the new year, and after a departure from property news in our January newsletter to explore the Berry region, we now return to more property-focused news. We hope you find this newsletter informative and helpful.
Please remember, if you have any questions, feel free to pop into our office at 5/90 Queen St, Berry (entrance via Alexandra St) or call us on 0428 555 218 (Belinda) or 0499 599 699 (Mark).
Belinda Zoumis & Mark Cornish
PROPERTY MARKET UPDATE
There is constant speculation in the media regarding the current state the housing market, and more specifically whether it is rising or falling.
There are many factors that affect the housing market ie. interest rates, mortgage availability and economic growth, especially in the capital cities. In our region, the property market is more likely affected by consumer confidence and supply.
The Berry area has long been seen as the epitome of lifestyle living. Many buyers in Berry were once regular visitors to our town, who choose to move here for the village lifestyle, community and the surrounding natural beauty of the region, as well as the variety of properties available in the Berry area.
Moving When The Time is Right vs The Market is Right
Some buyers decide to move to the area when the time is right for them, whether they are entering semi-retirement, adding a weekender or just needing a change of scenery. They enter the market, review what is on offer at that time and in many cases will purchase within a relatively short period of time. Little thought is given to market conditions, as the choice is a lifestyle and circumstance-based decision.
Other buyers will trawl through property listings online for months (sometimes), monitoring the market, inspecting properties, just waiting for the perfect opportunity to nab their prize. Their decision is based on when the market is right for them.
In looking at the current state of the property market and projecting forward to what the local property market may do in 2020, it is always interesting to compare notes from previous years. The figures below include all sales of residential homes, small and large acreage properties in the 2535 postcode (excluding Shoalhaven Heads).
It is interesting to note the similarities between the years, not only in the number of sales for the period, also for the value of sales in our region.
So is now the right time to buy?
We think so. There is less competition and currently a fair spread of residential and acreage properties on the market.
Not finding what you want to buy? That’s ok, we can find it for you. We offer a Buyers Agency service out of our office in Berry.
Contact usA BERRY ADORABLE COTTAGE – PROPERTY PREVIEW
Set the scene and imagine yourself in your own perfect Berry weatherboard cottage surrounded by an enchanting garden, on a large 1,170sqm block.
This beautiful home, featuring original floorboards, stained-glass windows and many other period details, envelops you in its charm, personality from the moment you enter. The interior is deceptively spacious, with a flexible yet functional layout. The centrally-located kitchen overlooks 2 separate living areas, with access to your private garden just a few steps away. The fourth bedroom has separate side access and ensuite so there is potential for a home office or income-producing rental accommodation.
The peaceful, private garden beckons you from beyond double french doors. With a pleasant mix of sun and shade you’ll always find that perfect spot to relax, listen to the resident bird life or gather mangos or pomegranates from the bountiful fruit trees.
We welcome you to immerse yourself in this lovely home and garden, where a leisurely stroll will bring you to the many shops and cafes of beautiful Berry.
At a glance:
- 4 bedrooms
- 2 bathrooms
- 2 living areas
- Slightly elevated 1,170sqm block
OTHER PROPERTIES ON THE MARKET
FOXGROUND
Private oasis – 35-acre vacant block with stunning mountain views. 10 minutes from Gerringong and Gerroa, 15 minutes from Berry.
Price Guide: $1,400,000
8 TILGMAN STREET, BERRY
Architect designed, quality built 4 bedroom, 3 bathroom home with study, rumpus and double garage for purchase off the plan. Construction has commenced.
63 PARKER CRESCENT, BERRY
2,002 sqm vacant block with outstanding north-west aspect and uninterrupted rural views. The perfect blank canvas for you to create your dream home. All town services including underground power, water, sewer & NBN.
View Properties
Thank you for reading our newsletter. We hope you find the information we provide valuable and we look forward to helping you find your dream Berry property! If you want to receive news direct to your inbox, please subscribe via the link below. Belinda & Mark
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