Agent view: Little effect from election in Jerrabomberra and Queanbeyan

Being just minutes from the ACT, Jerrabomberra and Queanbeyan tend to follow trends of the Canberra market.

Although, Jerrabomberra has again been performing well this year – one of the few locations that have been on a continual upward trend for a number of years.

We have experienced some high activity at our exhibitions and buyers are continuing to purchase in all price ranges, particularly $650,000 to $1 million.

The election announcement has had little effect on our market at this stage, as we are also experiencing strong enquiry in the Queanbeyan house market.

We also have  more than 65 per cent sold of a large unit and townhouse development in East Queanbeyan.

First-home buyers are continuing to take advantage of NSW government grants for new property, and land for development is at a premium.

Obviously, record-low interest rates are a compelling reason to make a start or consider an upgrade.

We are looking forward to a busy winter selling season.

Darren Bennett is director of Ian McNamee and Partners Jerrabomberra/Queanbeyan.