Gwydir shire Estate Agents Report Record Sales, But Say Investors Needed to Close Real Estate Market Gaps | The head of the daily newspaper in the North

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The demand for FIERCE housing is driving a boom in property sales in Gwydir County, which is attracting new players to the local property market. Gwydir region’s fourth estate agency, Countryside Reality, opened in September, and manager Amanda Coddington said the two months have been successful. “We cover Bingara, Warialda, I will go down to Barraba and I am also happy to do Inverell,” she said. “In the first two months, 15 properties went up for sale and we had a few more trades this week.” Ms Coddington said residential land blocks were selling extremely quickly, with many buyers fleeing major cities to change trees. “They are trying to get out of Melbourne, they are trying to get out of Sydney and escape the threat of lockdowns,” she said. “The lockdowns have encouraged many people to rethink their lifestyles.” With housing demand at record levels and a shortage of rental housing, Ms Coddington said towns in Gwydir County are clamoring for investors. ALSO READ: “We have also had a number of investors who have made inquiries and we would like to attract more investors here, there are not enough investments for people who are renting,” he said. she declared. “There is a big position to fill. Cities need these kinds of things, people move to big cities, and small towns lose their jobs. Thanks to the Reserve Bank of Australia keeping the country’s exchange rate at an all-time low of 0.01% for the twelfth month in a row, the county’s four property companies are posting record sales. Gwydir Shire Council recently put 22 blocks of land up for sale. “In just four weeks, 20 of the 22 blocks were contracted,” a council spokesperson said. Ann Reardon of JA McGregor Livestock and Property believes the trend is here to stay, with properties becoming harder and harder to find. “The demand for the recently vacated blocks of houses in Bingara is an example and certainly indicates a bright future for the county,” she said. Our reporters work hard to provide local and up-to-date news to the community. Here’s how you can continue to access our trusted content:

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