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June 2014 Shoalhaven Real Estate Market Wrap

30 Jun 2014 Nowra 0 Comment

Welcome to the June 2014 Shoalhaven Real Estate Market Wrap, brought to you by Karl and Clyde Poulton of Professionals Clyde Poulton Real Estate.

New home building will record significant increases this year, but is predicted to slow down in 2015 and 2016 according to new industry forecasts. The Housing Industry Association (HIA) said new dwelling commencements would reach 180,000 in 2014, which would make it the second-highest level on record. That would represent 7.1 per cent year-on-year growth, although it would be less than the 10.9 per cent growth recorded in 2013.In the Shoalhaven, we’ve seen an increase in land being purchased, specifically to the northern end of the city, in North Nowra and Bomaderry. South Nowra land has also increased, and alongside Worrigee, is set to continue as more new land is released.

As part of the Shoalhaven’s Regional Plan, with only five future development areas to be approved, we are now seeking expressions of interest for one of these five developments “Worrigee Links”. Offering 75ha (approx.) Worrigee Links will be the only semi-rural residential release within the city. For an information memorandum, contact Clyde Poulton on 0412 642 848.

Our feature property of the month is 1-4/5 Brodie Close in Bomaderry. Offering four individual two bedroom villas, they’re positioned in a quiet street just 200m from the Lyndhurst Shopping Centre. Ideal for an investor or someone wanting to down-size, they feature air-conditioning, over-sized bedrooms with built-in robes, and their own private courtyard.

Almost this month, Karl touches on the NSW National Parks & Wildlife Service’s “WilderQuest Program” which is designed specifically for children during school holiday periods. With a number of events in the Shoalhaven Region, such as kite making, it’s sure to be entertaining and educational for the kids. Read more about it on our blog post here.

Click here to view our June 2014 Shoalhaven Real Estate Market Wrap via our youtube channel.

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