THE Snowy Mountains real estate market is still buoyant in Jindabyne with buyers aplenty during the Christmas and school holiday period.
Median house prices for Jindabyne have risen substantially over recent years (11 per cent in the last 12 months compared to the national average of 4.3%) with land prices increasing by 23.83 per cent in the same period.
Several factors have been driving the Jindabyne increase including the record low interest rates and continuing interest from lifestyle investors after several strong snow seasons. A shortage of property supply, the commencement of the Snowy 2.0 project, the Go Jindabyne masterplan and the naming of Jindabyne and surrounding area as a Special Activation Precinct (SAP) have all contributed to the demand.
Families relocating from metropolitan areas are strengthening their buying power with the ability to buy into Australia’s premier alpine location for far less than the cost of an average city property! Many of these buyers are looking for more space and prefer the privacy of the generally larger Jindabyne allotments to call home.
Sally McCoullough from Kosciuszko First National Real Estate said, “Existing small acre blocks are few and far between and we have a waiting list of genuine buyers who have a specific interest in purchasing small acreage homes and vacant land.”
“Properties with dual occupancy potential are highly sought after with lifestyle investors and families keen to maximize their income potential during the busy winter months.”
There is also demand for high end executive family homes with 60 Kunama Drive in Alpine Sands, East Jindabyne recently selling for above $1m within three weeks of listing. The four bedroom architecturally designed home offered magnificent and expansive lake and mountain views on a large 1,528sm allotment.
Units in Jindabyne are always in high demand and if priced appropriately do not stay on the market long. A new strata subdivision of an older style building located in Bogong Street proved popular after its December release. This double story timber and brick apartment block of four units enjoys an elevated NE aspect with superb lake views and a short walk to the Jindabyne town centre. The three units that were listed received accepted offers within a week of formally listing.
If you would like to be kept informed about recent real estate activity, new opportunities or get a free appraisal of the value of your property in today’s market contact Sally McCoullough via email at sally@kfn.com.au, call 0484 322 214 or visit kfn.com.au website to register your interest.
