Welcome to the first edition of Highfields Style magazine.
It seems that recently Meringandan is the local area hotspot. The last couple of properties that I have taken to the market in Meringandan have attracted tremendous interest and have sold very quickly. The main reason for this is probably that you can buy a home on a large block in Meringandan for about $100,000 cheaper than a comparable property in Highfields.
The fact that Meringandan is only five minutes drive from Highfields and all the amenities that Highfields has to offer make it an affordable and desirable area that I am sure will continue to grow.
Stock across Highfields and surrounding areas is still at a near all-time low, especially on the larger blocks. Hopefully this will change shortly as we approach spring and the traditionally busy time of year for real estate.
Buyer inquiry in the local area remains strong with most buyers complaining that there is very little to look at. Rental stock is also hard to find with our current vacancy rates right across the area half what they were in January, which seems to suggest that rents look set to be on the increase very shortly. This will please investors who have had a harder time over the past few years.
Overall our prices locally have been stable for a while now and are extremely affordable when compared to areas like Melbourne and Sydney where prices have skyrocketed in the past few years.
It is understandable that families moving here from those areas can’t believe what they can get for their money and a 15-minute drive to work is a dream.