The year is moving quickly, and as we move into the cooler months, the Bungendore property market has continued its steady adjustment. We see trends emerging that reflect both broader economic conditions and local buyer sentiment as we approach the mid-year point of 2025.
The Autumn quarter has seen the median price holding around the $980,000 mark (Pricefinder). While this represents a modest dip from the highs of recent years, it’s also reflective of a market finding its new balance. Importantly, the rate of change in median prices appears to be steady, suggesting market stabilisation.
While pricing continues to reflect the tightening of buyers’ budgets, local properties remain in high demand, particularly those that are well-presented and offer a change in lifestyle. Limited stock continues to play a major role; properties that are well-prepared and priced right are attracting stronger interest.
We continue to see discerning buyers entering the market, who are taking time to weigh their options. For sellers, this reinforces the importance of presentation and strategy. From small touchups and landscaping to effective marketing and pricing, success in today’s market is all about continued efforts throughout the campaign to shine as brightly as possible.
For buyers, this has been a season of opportunity, particularly for those who have been looking to move to the area for a while. With interest rates holding relatively steady and even threatening to reduce, and inflation beginning to ease, confidence is returning across the country. Bungendore’s appeal is never up for debate, with village charm, a growing community, and easy access to the nation’s capital. We continue to meet buyers moving from Canberra, Sydney and much much further who are chasing a more relaxed lifestyle and echo the sentiment that things are ‘better in Bungendore!’
If you’re considering a purchase, a move, or are simply curious about your homes value, our team is here to provide local insight and support. If you’d like an updated appraisal or help navigating the current market, we’re always happy to help.
It’s been a busy quarter in the Ray White Bungendore office; our team has been battling the weather and is embracing the first whispers of spring. Before we let ourselves get too excited about the busiest time of year in property sales, we have a great opportunity to reflect on … Read more
Coming to your letterbox this week – our Autumn Property report… We’ve had an interesting quarter, less new listings coming on, although 21 sales since our last quarterly update. Check out the link, or if you would like an obligation free appraisal, contact us on 6238 0700.