Stephen Townsend - Townsend Real Estate

Steven Townsend
Principal
Townsend Real Estate

 

Christmas in Orange

As I write this on the 7th of December Summer is trying to break through. When I first landed in Orange 30 odd years ago an Old Bloke told me “put your jumper away on Boxing Day and make sure it’s handy on the 1st February”. So far that’s pretty right but this year my umbrella has become a high-rise apartment for the spiders!

Economically, the City of Orange continues to power on with several building and development projects on the go. The Cadia Valley (Newcrest) Gold & Copper operation continues to be a major employer now and well into the future with future development slated for the coming years.

Irrespective of all the doom and gloom in the big city gossip sheets, residential values in Orange are holding up quite well with demand pretty much as strong as ever. The job is starting to calm down as the silly season approaches but it’s still pretty good, but I suppose that what happens when you live in the next best thing to paradise.

Rural property sales also have been very healthy with the limiting factor being stock and availability. We have negotiated sales exceeding $12,000,000 of Rural Properties in the last couple of months by Auction, Private Treaty and Off-Market in and around Orange and the Central Tablelands. One such sale was a high value property called Ashburton, which we did in conjunction with Webster Nolan Real Estate.

To everyone reading this, we at Townsend Real Estate hope you all have a peaceful and relaxing Christmas; let’s have quiet toast to friends & family who aren’t here with us and the ones that are, let’s look forward to a great 2019 seasonally , financially or whatever.

Until next time, look after yourself.

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