The city’s residential sales figures, not including land, reached 304 properties by the end of April, a 27.1 per cent increase on the same period in 2016. 

If this strong growth continues throughout the remainder of 2017, it could see the city reach 1000 residential sales in a calendar year. 

Century 21 Bathurst principal Troy Kearney said there were 993 residential properties sold throughout 2016 and this figure, combined with the growth, has made 1000 sales realistic.

“Bathurst has never seen 1000 residential sales in any calendar year,” he said.  

“2017 is looking like it will be the first time in history for this to happen if the first five months are any indication.”

Mr Kearney said having a stable market has seen Bathurst’s prices and sales figures grow. 

“The Sydney market has such incredible growth but over the years it has also seen some dramatic declines as well. Bathurst has always been a strong market with consistent and stable growth,” he said. 

“Unlike our neighbouring towns of Orange, Lithgow and Mudgee, who are very reliant on the resource sector, Bathurst is not reliant on any one industry for its growth.”

He expects the city will continue to see growth in sales and house prices.

Raine and Horne director Grant Maskill-Dowton wasn’t surprised that the figures for 2017 were so strong, however he isn’t confident 1000 sales will be reached.

“It doesn’t surprise me based on the fact that anything hitting the market recently is selling quite quickly and that is a ripple effect of what is happening in the Sydney market,” he said.

“I’d like to think we could hit 800 sales – 1000 could be a bit optimistic. It is certainly a possibility, more than it ever has been before.” 

This year more than 260 properties have come onto the market, with around 90 of those priced under $300,000, making it an extremely attractive marketplace.

Mr Maskill-Dowton said properties around that price “go very quickly”, something he attributed to low interest rates and there being a lack of properties available. 

“A lack of residential land will always push the demand and we are kind of in a land-lock situation at the moment,” he said.

Mr Kearney said the market is currently in good shape for both buyers and people considering selling.

“They are selling in a good market but also buying in the same market – so it balances out,” he said.