Ray White Braidwood sees exciting 12 months ahead

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The team: Mitchell (left) and Denver (right) were recognised in the Ray White group for a high level of sales success. Photos: Supplied.

The team: Mitchell (left) and Denver (right) were recognised in the Ray White group for a high level of sales success. Photos: Supplied.

We fired a few quick questions at local real estate agent Mitchell (Mitch) Smithers from Ray White Braidwood to get a feel for the local market from his viewpoint.

Braidwood Times - Last year you mentioned there are people from the cities, and a few from NZ or Asia, buying properties of various descriptions here. Is that still the case?

Mitch - Yeah, there is still the same mix of people looking for properties in the area. We have seen a small drop in the investor side of things, but now we are getting into prime real estate season so it looks promising.

Stage 2 in the Summerfield retirement village is underway and Denver [Shoemark, agency principal] is selling units in there quickly, and there are still units available.

Mostly people are moving to the Braidwood area for a lifestyle change and our close-nit community.

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BT - Has there been a shift in what they are looking for in the last 12 months - be it a weekender, lifestyle block, a house in town, an investment, or something else?

Mitch - We have seen a slight drop in interest in houses in town and its starting to get better as the weather gets better.

We currently have a number of qualified buyers looking for acreage within close distance of Braidwood and/or weekender style properties.

Rental houses are in demand also and we are having no problem finding tenants for these properties.

BT - Are the changes to the banking sector having much of a long-term impact?

Mitch - Early last year until about three months ago the banking sector was really slow and taking a long time to process loans, but now they seem to be a bit quicker.

We speak with a lot of mortgage brokers and they now have a lot more paperwork to fill in for clients.

While the banking sector was getting sorted out there were a lot more cash buyers around looking to buy in while there was less competition.

BT - Do you have any tips or suggestions of where you see future growth, or just a great place to live in this area? We recall that your tip last year was to take a close look at Araluen.

Mitch - The next 12 months in real estate are going to be very exciting with lots of things happening around our local area.

It's hard to pick a specific location, but it is hard to look past Braidwood with the new developments, upgrades to local roads, Braidwood hospital, new subdivision and NBN network upgrade.

Logan Hunt is the newest member of Ray White Braidwood, working reception.

Logan Hunt is the newest member of Ray White Braidwood, working reception.