The property market in the Goulburn Valley is in full swing. Commercial, industrial, residential and rural are all seeing new limits being reached daily, both sales and in leasings.
According to leading Shepparton property agent, Rocky Gagliardi from Gagliardi Scott Real Estate, “Prices in all sectors have increased but industrial land and building costs have gone up by 30 percent in the last year so we will see leasing rates also increasing over the next 12 months.
“It is primarily the lack of available land that is driving prices up and it is going to take some time to be able to turn that around so I can only see scarcity driving prices higher.”
“Industry is doing well in the region and there is little option for new players to find suitable space at the moment if they are not continuously monitoring the market.”
In regional Victoria, where population levels boomed during COVID-19 as people departed the major cities, in Shepparton, the number of properties listed is at an all-time record low.
“If people are wanting to find a property, they need to be working with us watching the market on a daily basis. Properties come and go that quickly that if you are not paying attention, you will miss out.”
For anyone looking for advice on the property markets in the Goulburn Valley, Gagliardi Scott Real Estate are dynamic and act on the most property transactions in the region.
Gagliardi Scott Real Estate are located at 182 High Street Shepparton.