Green shoots for Horsham residential property market: HTW
Horsham has plenty of room for improvement in 2017, but improvements in the rural season may lead to improvements, according to HTW’s February 2017 update.
The valuation firm says the Horsham residential market is coming off a sluggish 2016, however, above average harvest yields produced this season may instil some confidence back into the region and the property market.
Despite the better rural season, the market is expected to remain slow at the top end with a limited buyer pool in this price range.
"We hope to see an increase in the volume of sales within the owner-occupier market ($300,000 to $400,000)," the report says.
"Local agents are already reporting an increased buyer interest this year in comparison to the same period last year, however we expect prices to remain relatively stable within this price bracket.
"Unit prices are likely to remain stable with interest from both investors and people looking to downsize.
"The rural residential market will again be closely watched with a low volume of sales and high volatility expected."
A four bedroom house at 4 Brooke Court, Horsham (above) has been listed for $479,000.
Similarly a four bedroom house at 7 Florence Street, Horsham (below) has been listed for $339,000.
