Shepparton real estate agent very positive about the region’s future.
Although land sales have steadied in recent months in the Goulburn Valley, local real estate agent Glenn Young of Youngs and Co Real Estate predicts another housing boost particularly with governments encouraging ‘affordable housing space’.
“The current property market is not increasing at the same rate it was, land enquiries have levelled out, but we expect that to improve with interest rates now steadying and in turn improving confidence in the market,” Glenn Young says.
He says land sales hit a wall six months ago and in some cases they actually came back in price depending on the owners timeline for selling.
Among the blocks of land currently on offer, Youngs and Co have larger than the normal blocks for sale at Lauriston Estate in North Shepparton. There are opportunities of large 2,000m2 blocks in Stage 2 (titled blocks ready to build on now) with stage 3 nearing completion and preselling from $395,000.
The Outlook Estate in Mooroopna also offers an excellent setting for a new home with blocks of 400-1143 sqm selling well with Stage 2 construction completed.
Mooroopna is fast becoming an even stronger preference for building your dream home. Land developments have been designed many years ago to be above flood level.
“A good example of this is the soon to be released Stage one of Westwood Rise, situated to the north of Westwood Run” Glenn Young said.
An indication of the demand for blocks in this area is that more than half the blocks of 850 sqm to 1000 sqm are already under offer pending the price release, Glenn says.
Westwood Rise is part of a 250 plus lot multi subdivision with a large number of blocks overlooking open reserve areas.
Youngs and Co Real Estate can also offer 2,000 sqm blocks from a very affordable $290,000 at Tatura Waters with stage 3 nearing practical completion.
On the commercial property front, Glenn said this sector was always tightly held in Shepparton. A recent property sale at 43 Mitchell Street, Shepparton was sold with spirited bidding. He says he is constantly receiving calls from investors and owner operators for large industrial blocks. “Shepparton is still excellent value for industrial land compared to Melbourne,” he says.
