THE amount of properties for sale in Leeton shire is decreasing compared to this time last year.
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With the shire’s rental market typically always a tight squeeze, it appears the same is now happening for properties that are up for sale.
Griffith Real Estate property specialist Luke Santolin said he had seen a dip in the amount of homes for sale in the shire.
“The statistics are there to back that up,” he said.
“This time last year there were 220 properties advertised on domain.com.au, but now there is only about 155 to 160.
“It’s evening out in to a much more balanced market.”
Many factors could be put down to the change, with an increase in job growth in the shire, as well as more people now choosing to live in the town.
“Leeton’s population has increased slightly, which does have an impact,” Mr Santolin said.
What this could potentially mean is an increase in property prices, meaning now is the time to buy before there’s a further crunch in the market.
Gino Amato from Amato Real Estate said there were many homes being sold in the shire at the moment.
“We can’t seem to get enough listings, everything is selling,” he said.
“It appears to be a good, steady market.
“We’re looking for more listings as I think most of the agents are.”
Homes the typical buyer is looking for in Leeton shire include those priced between $280,000 and $400,000.
However, Mr Santolin said there were still many properties available in the $170,000 to $220,000 price bracket.
“Factors such as low interest rates are also coming in to play and having an affect,” he said.
“It’s great to see so much confidence in the market in Leeton.
“We are starting to see it become much more balanced, but the time to buy is definitely now before prices start to increase.”
Mr Amato was pleased there was positive movement in the market.
He said the market had been building to this point for some time.
“There were some tough times during the drought, so it’s good to see plenty happening now,” Mr Amato said.
“I think it’s due to things like jobs growth and more people coming to town.
“Buyers are craving and looking for more options. I think everyone is just trying to satisfy the demand right now.”