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Barossa’s real estate looking rosy

Barossa’s real estate looking rosy

With 30 years in the real estate industry, Mr Peter Fairweather said there is confidence in the marketplace and the Barossa Valley is just looking rosy again.

Mr Fairweather made this comment while addressing a special real estate information evening jointly hosted by Barossa Real Estate and NAB Nuriootpa and held at Barossa Indian Cuisine, Nuriootpa last Wednesday evening. Ms Elle Moreton acted as M.C.

Mr Fairweather continued, saying Barossa Real Estate have expertise in selling vineyards and wine and with the surety of jobs in the industry, people can afford to buy homes.

Mr Fairweather told the prospective new home owners that he is expecting a nice strong growth factor in the price of real estate over the next two years.

“Today’s prices for homes and land I have never seen so cheap in my 30 years,” he added.

Real estate here is extremely attractive in its pricing structure with $300,000 as the base price for the Barossa. Yet a similar home in Adelaide would start from around the $400,000 mark.

Having said that, Mr Fairweather was confident the Barossa will soon catch up quickly with our metropolitan residents.

“We see real estate here (the Barossa) to be very, very good. The average rental property alone only lasts two weeks on the market and on top of that I believe I have the best team in the Valley,” Mr Fairweather added.

For the full story, grab February 20 edition of The Leader.