Hi, my name is Greg Vincent and welcome to this week’s Acreage Market Wrap where I share an insight into How’s The Acreage Market?

As I’ve reported previously, the NSW Government predicted that Sydney will need another one million homes within the next 21 years, and on Friday the Hawkesbury City Council launched the…

EXHIBITION OF THE DRAFT HAWKESBURY LOCAL HOUSING STRATEGY.

Hawkesbury City Council has recently prepared the Draft Hawkesbury Local Housing Strategy in order to set a clear plan for housing in the Hawkesbury Local Government Area for the next 10 and 20 years.

Key recommendations of the Draft Hawkesbury Local Housing Strategy include:

*Maintaining a long term supply of residential land by investigating potential new urban areas

*Develop a program to monitor housing land supply and housing delivery

*Consideration of the provision of Detached Dual Occupancies and Secondary Dwellings through a place based approach that considers the recommendations of the Hawkesbury Rural Lands Strategy

Along with other items that need assessing

Further details including an online submission form can be found on the link below...

www.yourhawkesbury-yoursay.com.au/lhs

If you'd like to have your say, submissions can be made up until Monday the 12th of October 2020.

It will be very interesting to see what impacts this new local housing strategy will have on acreage properties throughout The Hawkesbury district.

Also, this week I caught up with John McGrath for a training session at our Rouse Hill office. He said that after our meeting he could really sense that the momentum was building stronger and stronger within the acreage sector.

How’s The Acreage Market?

Currently there are 381 acreage properties For Sale across the region (which remained exactly the same as last week). This total includes 210 acreage properties For Sale throughout The Hawkesbury, 115 throughout The Hills district and another 57 acreages For Sale within Sydney’s North-West acreage areas of Penrith and Blacktown.
There were 16 new acreage listings come onto the market this week. There were another 9 acreage properties Sold this week and there are currently 24 acreage properties ‘Under Contract’ across the region which shows that there’s significant buyer activity currently occurring within the acreage sector.

Out in the field this week, one of the ‘Off-Market’ acreages that I mentioned last week at 9 Avon Place, Windsor Downs was snapped-up very quickly and went Under Contract this week.

Plus, the 45 acres at 235 Stannix Park Road, Wilberforce was SOLD for $3.725m and at yesterday’s auctions the 5.9 acres property at 1-5 Dodford Road, Llandilo was SOLD for $1.7m, plus the 11.7 acres property with a lucrative equestrian business was passed-in with a couple of buyers now showing interest outside of auction conditions.

This week, I listed 3 more acreages plus a house on The Peninsula in Windsor. One is a lush 5.5 acres property in Wilberforce with a Contemporary-Style home, dual-access to suit trucks and a high-quality equestrian set up. The other is a resort-style dual-accommodation property in Blaxlands Ridge on over 5 acres situated in one of the most picturesque locations you’ll ever see with access to an additional 15 acres and the Wollemi National Park.

The other acreage property is in Llandilo and features a commanding homestead with multi-family accommodation, an enormous shed with plenty of parking area and it boasts a highly-lucrative additional passive income opportunity.

The 3BR brick home on the Windsor Peninsula features one of the biggest sheds I’ve ever seen on a residential property and it’s ideal for anyone looking to downsize from acres who wants to be within walking distance of Windsor shops and needs a large workshop for extra-storage.

It’s been a very busy week for acreage buyer enquiries and the Spring Market activity has definitely kicked into top gear. If you’re thinking of selling your acreage, right now could be the perfect time to make your move and get settled into your new place ahead of Christmas.

Plus, if you’re looking to buy acreage and want to be amongst the first people to get early-bird access to my ‘off-market’ listings, make sure to check out... www.offmarketacres.com.au

So, that’s it for this week’s Acreage Market Wrap.

If you’ve got any questions about anything I’ve shared this week or would like to discuss any of your acreage plans with me, don’t hesitate to get in touch.

Thanks for watching, stay safe and bye for now.

Regards

Greg Vincent