Demand for property in the Snowy Mountains region is set to soar, according to Raine & Horne.
Raine & Horne Snowy Mountains principal Tony Freeth said last week’s announcement that Perisher will open its Front Valley ski slopes early, created a spike in buyer and investor interest.
“Not surprisingly we have already seen an increase in calls and enquires from potential home buyers, and this bodes well for a good selling season this year,” Mr Freeth said.
“People are looking to see what’s on offer with the hope of getting into a property as soon as possible, and after three marginal years of snowfalls, this spike in activity shows buyer faith and interest in Snowy Mountains property is returning.”
However, Mr Freeth believes the real investment opportunities are in the Jindabyne region, where investors can snag a four bedroom home for approximately $400,000.
“My advice to aspiring home buyers is to get your skates on soon, because those buyers who have held off over the last three years are now returning to Thredbo and Jindabyne.
“This will create strong competition for quality homes and some price pressures.”