Housing market is smiling on downsizers
Thursday, 23 July 2020
The majority of our residents are relying on the sale of their current home to buy their dream retirement lifestyle at Toowoomba’s The Ninth Middle Ridge, so selling at the right time and price is essential. We asked agent Matthew Keeley, of Belle Property Toowoomba, if the Covid-19 crisis had led to any changes in the local real estate market and whether it might be the perfect time to sell your home.
Matthew Keeley, agent of Belle Property Toowoomba
Matthew has his finger firmly on the pulse of the real estate market across the Darling Downs and is looking forward to helping our future residents prepare their homes for sale in readiness for a move to The Ninth Middle Ridge community to be built within the Toowoomba Golf Club on Rowbotham Street.
He says, despite the current economic climate, the real estate market in Toowoomba and surrounds has been remarkably resilient but is experiencing an imbalance with a serious shortage of properties for sale.
“There hasn’t been a predicted decline in property values and, if fact, prices are as strong as they were before the Covid pandemic,’’ he says. “It is a fantastic time to be a seller with the market as strong as it has been in the past two years.
“The significant lack of supply of homes for sale means it is a perfect time for downsizers to take advantage of the market as they are buying into a different market for their retirement living properties. The mid to higher-end property market on the Darling Downs is particularly strong and this is what downsizers are most often selling.’’
Aerial view of Toowoomba
Matthew expects the Toowoomba market to remain strong post-Covid when buyers and sellers gain more confidence. “The Downs has a strong multi-tiered economy with agriculture, mining, natural gas, health and education industries all going strong. We are well positioned for the recovery as our business are still doing relatively well.
“Our region offers opportunities for people considering moving away from more highly populated metropolitan areas to enjoy more space and freedom, particularly for a retirement lifestyle.’’
Retirees looking to move to The Ninth Middle Ridge can take part in Aura Holdings’ Resident Transfer Program if their home sells earlier than expected. You will be welcome to temporarily reside in one of Aura’s other established villages in southeast Queensland while your apartment is under construction within the Toowoomba Golf Course. Read more about the Resident Transfer Program here.
If you require any further information about the local market, please contact Matthew Keeley of Belle Property Toowoomba on 0437 720 885.
If you would like more information about the retirement living options available at The Ninth Middle Ridge or view floor plans of our stunning apartments, please call 07 4602 9099 or email firstname.lastname@example.org.