Sydney investors move south

Sydney investors move south

Formerly known as “Canberra’s beach”, Batemans Bay and surrounding South Coast suburbs in the Eurobodalla market have received an influx of buying competition from property-hungry Sydneysiders.

The Canberra Times reports that while a decade ago Canberra made up 80 per cent of the interest in Batemans Bay properties, with only 5 per cent coming from the harbour city, Sydney now reportedly covers at least a quarter of the market.

A property boom in the Eurobodalla area was predicted by forecasters at the beginning of 2017, and the market’s growth has continued to grow. Housing prices in the area rose 13.4 per cent over the last year, with the median house price increasing by almost $55,000.

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