ONE of Bathurst’s oldest areas has emerged as a home sales hot spot.
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New figures from housing market analyst Residex, published in the Sunday Telegraph, showed house prices at South Bathurst jumped 15.9 per cent in the 12 months to March 2011.
The median house price is now $284,500, up from $245,000, making South Bathurst one of the 10 best performers in country NSW.
The report came as no surprise to local real estate agents.
Peter Rogers Real Estate sales consultant Jay Cleary said location was the key for South Bathurst.
“It is no surprise that South Bathurst is growing. It is close to the university and TAFE,” Mr Cleary said.
“With limited accommodation in town and walking distance to uni, it makes sense.”
The Professionals’ Chris Boserio said South Bathurst is a great area of town.
“Not many houses come up for sale in that area – it is rare,” she said.
“When they do, they get turned over quickly. It is a lovely area, close to town, but still tucked away.”
But according to James Thompson, owner of The Professionals, real estate growth is not restricted to one part of Bathurst.
He said the whole city was growing.
“It is hard to define what South Bathurst is. We only have three regions that are defined under the one postcode, that is Kelso, Bathurst and West Bathurst,” he said.
“I would say South Bathurst is east of Havannah Street and South of Rocket Street, but other people I know would disagree with that.”
Mr Thompson said they have increased sales by 38 per cent and some of that is due to the council.
“They have been doing a great job trying to relocate people from Sydney to Bathurst. Over the last decade Kelso has been the second fastest growing area six times. It is not hard to believe with the development that has occurred,” he said.
One prominent resident, Councillor Bobby Bourke, says he enjoys where he lives and will not be moving any time soon. “I have been in South Bathurst for 12 years,” he said. “It is a mostly quite and people don’t realise how close it is to town. I put renovations on the house because I didn’t want to move.”
Cr Bourke said the top part of Seymour and Bentinck streets are prime real estate areas. “In 10 minutes I can be in Keppel Street or a hotel or club. It is quiet and older people tend to live in the area. Houses are put on for sale and sold very quickly,” he said.
