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Southern Highlands Property Update 4th September

Spring has sprung, and so too has the Highlands property market. Increased listings, increased sales and a positive feeling in the air!

 

This week we look at the village of Wingello where property prices are booming up to 43%, what are the real costs of listing your home, open homes: should you leave or stay? Are there still property gems and a real stunner of a Property Showcase in Exeter from Di Jones Real Estate Bowral (pictured!) and much more.

 

Compiled by Terry Biscoe

Modern open-plan living room with large windows, wooden furniture, and a cozy fireplace. Text overlay reads "Property Update, 4 September." Bright and welcoming.
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Southern Highlands property market at a glance

Property numbers grow.

Based on real estate property listings on major platforms, there are some 710 properties for sale in the Southern Highlands market, up from some 698 last week. These figures take into account property sales, new listings and, in some instances, properties being removed from the market. 

Increased listings and sales as we head into spring indicate continued strength in the Highlands property market. Visitation to open homes continues to increase with favourable conditions.

Available property profiles:

Houses – 471 

Units – 14 

Townhouses – 18

Land/rural – 129

Home prices peak as momentum accelerates.

According to the latest PropTrack Home Price Index, released on 1 Sept, Australian house prices are set to climb further.

Regional prices climbed 0.3% in August and are up 6.6% year-on-year, outpacing the capitals and maintaining a stronger five-year growth record (65.2% vs 46.0%), bolstered by affordability and lifestyle appeal.

Looking ahead, the combination of lower interest rates, increased borrowing capacities and improved sentiment is expected to continue to drive demand.

Constrained new housing supply, strong population growth and the expansion of the Home Guarantee Scheme from October will also maintain upward pressure on prices.

RECENT SALES

Here’s a few sales from the past week:

1/101 Kangaloon Road, Bowral. 4BR, 2 bath, 2 car, villa. $2.2M. Di Jones Real Estate Bowral.

11 Bill O’Rielly Close, Bowral. 5BR, 2 bath, 2 car, 1330 sq mtrs, $1.31M

120 Merrigang Street, Bowral, 4BR, 2 bath, 2 car, 1429 sq mtrs. Price withheld. Di Jones Real Estate Bowral

6 Myrtle Street, Colo Vale, 4BR, 2 bath, 2 car, 505 sq mtrs, Price withheld. Belle Property Southern Highlands

43 Orient Street, Willow Vale, 4BR, 2 bath, 2 car, 1,391 sq mtrs. $1.02M

13 Ascot Street, Bowral, 4BR, 3 bath, 1 car, 1,149 sq mtrs. Price withheld. Belle Property Southern Highlands

54 Cumbertine Street, Hill Top, 3BR, 1 bath, 1 car, 563 sq mtrs. $750K

22 Railway Parade, Mittagong, 3BR, 1 bath, 2 car, 561 sq mtrs, Price withheld. First National Bowral.

8 Cambourn Close, Bundanoon, 4BR, 2 bath, 2 car, 2,090 sq mtrs, $1.15M

22 Ellsmore Road, Bundanoon, 4BR, 2 bath, 2 car, 866 sq mtrs, $945K

Source: data is sourced from qualified industry platforms including Domain, Your Investment Property, REA and Proptrack

Market Spotlight: Wingello

Known for its picture-perfect countryside, the Wingello State Forest, and its historic railway station, Wingello has recently experienced a boom in growth – take a look at the impressive numbers!

Read more

 

Property Showcase: 11 Vine Lodge Lane 

Take a look inside this stunner in Exeter; with its huge, fabulous windows, luxurious kitchen and a fireplace that we think would have us wishing it was winter all-year round so we could keep that baby burning!

Read more

 

Southern Highlands Property Gems

Reckon there are any gems left? Here’s our tips on spotting a gem…

Read more

 

Open Homes

You’re home is on the market and it’s time to open the doors to potential buyers (nosey neighbours, too!). So, what’s next?

Read more

 

What? I Have To Pay To Sell My Home!

When you decide to sell a home, you need to be aware of the associated costs. From agent commissions to closing fees, there’s lots to consider when it comes to selling real estate in today’s competitive market.

Read more


Properties On The Market

Visit The Fold Property to view properties on the market throughout the Southern Highlands.

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