DESPITE pundits predicting a fall in property values, the very opposite has occurred in Tilligerry as Portside Real Estate’s David Keers explains.

“The rise in sale prices has accelerated over the past six months and looks like continuing,” he said.

Mr Keers said that waterfront properties have gone up by 25% in value over that time and other areas by around 15%.

“There are few flat building blocks left and their value has increased by up to 15% in recent months.

“Traditionally we have around about 14 rental properties available on our books at any one time but at the moment we have a mere two,” he said.

“With the pandemic scare restricting movement, most property owners here are staying where they are and city buyers are seeking a better lifestyle away from the problems of Sydney,” he advised.

Mr Keers described the situation in Tilligerry as an, “Age old story of supply and demand.”

“At the moment there is little on offer and a lot of interest in real estate.

“This has seen a surge in prices obtained by vendors,” he said.

 

By GEOFF WALKER