While capital city real estate markets are talking about a downturn in activity, one little country town is celebrating a 15 per cent increase in median house prices for the year.
Yass, in southern NSW, record a 14.7 per cent increase to $556,000 in 2018, according to the Domain House Price Report.
Local agent, Dominic Johns, said that the penny has dropped for lots of his purchasers who appreciate the quaint community and proximity to the nation’s capital.
“Yass has a thriving rural community, it’s fantastic to see how Yass has been going from strength to strength recently. It is easy to see why more and more people are making the move out here.”
The agent is currently selling a number of different properties in the area, including what he claims is the ‘bargain of the year’.
The two-bedroom fibro house at 72 Meehan St is a rundown dwelling only a couple of hundred meters walk from the center of town.
“This property offers a fantastic opportunity in a prime location within the Yass township, for someone who wants to renovate, knock down, rebuild or land bank.”
“The home has all the basics, large kitchen area, bathroom with shower, bath, and toilet, and a living area with an open fireplace.”
“This, I reckon, will be the cheapest house in Yass with the added advantage of being able to roll the short distance down the hill to the coldest tap beer.”
“Whilst the need for a knockdown or full renovation is obvious, it’s not often you get the opportunity to purchase a property in this location, only a stones throw from historic CBD of Yass.”