Shepparton News

Hot property market

- By Max Stainkamph

Despite lockdowns and coronaviru­s outbreaks, homes and rentals remain hot property in the Goulburn Valley.

While Shepparton’s growth of 3.8 per cent in the second quarter of the year was far below the rest of regional Victoria’s 10.5 per cent, real estate agents said this year has been as busy as the city’s ever been.

The figures are yet to be released for the September quarter of 2021, but agents across the Goulburn Valley are expecting the city’s growth from last quarter to continue.

Outside Shepparton, towards Echuca and

Yarrawonga, along the river, and Nathalia and Numurkah, out of town, growth is stronger still from retirees and tree changers, according to Gagliardi Scott principal Rocky Gagliardi.

He said some homes in Numurkah were selling for more than half a million dollars, which was unheard of.

‘‘A lot of people heading to Numurkah, it’s central to Cobram, Echuca, Shepparton and the prices in the area are phenomenal,’’ he said.

Shepparton and Tatura were staying steady, while Mooroopna was also performing better than it had historical­ly.

‘‘Traditiona­lly isn’t as strong a market as Shepparton, but because of a lack of supply in Shepparton that’s spilling over into Mooroopna and it’s also doing’’well,” he said.

Mr Gagliardi said the rental market was ‘‘the tightest it’s ever been’’.

Youngs and Co. director Glenn Young said the same, with just nine houses and 17 properties available for rent.

He said those properties varied greatly in price, too.

He also said there was a 12 month wait on land packages in Shepparton, with many sold in advance.

‘‘Not so long ago you’d be able to have a number of stock to sell,’’ he said.

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