Buoyant market

Date: 13 September 2013

An air of collective optimism hangs over the Ararat property market with three of the city’s four leading real estate agencies describing current conditions as buoyant.

Interest and investment in the town is being heavily influenced by projects including the Hopkins Correctional Centre development, construction of the Ararat Wind Farm and the future Western Highway bypass.

Average sale prices for properties in Ararat are ranging from between $130,000 and $230,000.

First National’s sales consultant/ licence agent Adam Walker said it is a great time for people to be buying.

“Buyers have been a lot more active because Ararat is in a pretty good position,” he said.

Mr Walker said the market had bounced back after a tough period in sales and rental when the prison development stalled last year.

Mr Walker said there is no easy away around the fact people in country areas pay a lot more than their city counterparts.

“The reality is people who are buying properties for $180,000 are paying more rates than someone who has paid $500,000 elsewhere,” he said.

“We just try to assure people that council is proactive, investing that money in to facilities and services.”

 First National Real Estate Ararat

Source: Ararat Advertiser, 13 Sep 2013
Back to articles Filed under: Media / VIC News Tags: adam walker, ararat, first national real estate ararat, property market
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