Housing industry springs into action

IF you are looking for a house then this season is ripe for the picking.
Nanjing Night Net

According to two real estate agents, buyers will be spoilt for choice in the coming months.

McCormack Barber Real Estate director Peter McCormack said last winter was harsh for buyers.

“We had a slightly more severe winter than usual,” he said.

“People hold off until the spring to sell houses because the gardens look better.”

John Cook Real Estate’s John Cook said the most popular properties were those between $300,000 and $400,000.

“That’s the real bread and butter bracket, the best sales have always been there,” he said.

Australian Property Monitors senior economist Dr Andrew Wilson said there was an increase in sales in Orange from January to July.

He said Orange was one of the best regional performers in the country.

“Orange has been one of the best performers over the last 18 months,” Dr Wilson said.

“It’s because of the diverse nature of the economy and a housing shortage, but that’s been seen across the state.”

Dr Wilson said the mining, horticulture, agriculture and weekend tourism industries were the major drivers for Orange’s performance.

“You get a lot of retirees coming to Orange and staying there,” he said.

Mr McCormack expects the market to increase by about 20 per cent over the next two months.

He said house prices had remained steady for the last six months.

Mr McCormack said buyers were getting value for money.

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MARKET BLOOMS: McCormack Barber director Peter McCormack said spring was a good time to be in the market for a house. Photo: NICOLE KUTER 0917realestate1

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