Each month, a Bellingen Shire Monthly Property Report is prepared by Nathan Cardow (Cardow & Partners). Nathan provides insight into the real estate market activity and trends across the Bellingen Shire for anyone thinking about buying or selling. Read all Nathan’s past reports HERE.
REPORT FOR SEPTEMBER:
Historically for our area, September and springtime mark a surge in new properties to market, with potential vendors holding off until the weather warms up in anticipation of a more appealing presentation of their property to any would-be buyers. To a buyer, spring would mark the period of opportunity, as stock levels increase so does their potential home selections and normally their bargaining power with a greater supply of listings. This year so far seems to be bucking that trend, with low stock levels still being experienced and demand still far exceeding supply.
Recently, we have definitely experienced more ‘city slickers’ continuing to leave the city in droves for regional NSW. With new blocks of land being very limited, the trend of demand exceeding supply looks as though it will continue for the foreseeable future for our Shire.