Two years on from one of the the biggest real estate booms in Yass, the volume of property sales is again increasing, according to Yass Real Estate's Michael Gray.
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The mini-boom experienced over the last couple of weeks can be attributed to the 0.25 per cent drop in interest rates.
“We are having a very strong February,” Mr Gray said.
“Which has been great for us and the community, I hope this renewed interest will continue.”
Mr Gray said that although the market has picked up, Yass homeowners are still coming to grips with the boom market prices.
Attributing the recent subdued market to the slowdown in the Canberra markets, Mr Gray said that buyers are no longer coming to Yass due to oversupply.
“We don't have the first home buyer's market. That has disappeared because there is no first home buyer concession for existing homes, they are only for brand new homes and the problem with brand new is that they are unaffordable for most home buyers in this region.
“The market that has been affected is the old style fibro homes and brick veneers, a part of the 20-25 year old market."
Although the market has slumped for older properties, land sale has fared well with the Murrumbateman land market strong.
Mr Gray's advice to homeowners is to keep their properties well presented and maintained while selling, and consider sale price to represent the current market. It is also important to check that your property has the correct certificates.
“We are coming up with homes in Yass with no building certificate. When a house is built at the end of the construction they receive an occupancy certificate.”
"Because of the excitement of moving into their new home, many homeowners forget to get a final inspection for it to be approved to live in.
“When it comes to the property-owner selling the property, that certification has to be acquired before it can be sold, this ultimately slows up the sale. The best thing a buyer can do is check that they have all the correct certificates. This is also the case for extensions and garages.”