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1.Market Observations, 8.Was Sticky

21 Sept 2016 (AFR) – ‘Since June it’s really picked up’: local demand for snow apartments strong

(21 September 2016, AFR, p32, by Michael Bleby)

‘Mark Adams has sold 16 properties at Mount Buller since the start of July – nearly double the number he sold over the same period last year. The increased demand hasn’t yet translated into increases in price at the Victorian resort, but buyers are paying the prices they were unwilling to meet last year, says Adams, a 20-year veteran of the area. “The sales are very strong this year,” says Adams. “This calendar year I’ve noticed it started improving. Since June, it’s really picked up.” ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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