GOOD market conditions have seen Stage B of Sunnybright Estate almost sell out in less than three months, with just one lot remaining.
Stage B of the Kelso estate, comprised of 39 lots, became available in August. Lots were snapped up much quicker than in Stage A, which was released in April, 2019.
Bathurst Regional Council's property manager coordinator, Ben Campbell, attributed different market conditions to the sales.
"Stage A was released in April, 2019. This was off the back of the royal banking commissions, down turn of the state and federal economies, as well as state and federal elections in short space. Plus coming into a Bathurst winter while releasing 95 lots, which is the largest land release the city has ever undertaken," he said.
"As well as much more choices or competition from the private developments, all combined to have a less than spectacular release of land.
"Fast forward to August 2020, Stage B while only being 39 lots, with similar size lots and pricing of Stage A, had a higher elevation and more street appeal overlooking the Mount Panorama vista."
Mr Campbell also noted that there were incentives for people to build and invest in response to the economic impact of the pandemic.
Stage A of the estate now has just seven lots remaining, compared to 38 lots as recently as June.
Raine and Horne Bathurst director Grant Maskill-Dowton said sales in Sunnybright reflect the high demand for property at the moment.
"It's a reflection of across the board at the moment; there is literally very few blocks of land available in Bathurst as a whole, so it doesn't surprise me that Sunnybright went as quickly as what it did," he said.
"Stage A was released in different times when it wasn't as strong as it is at the present time, which seems crazy given the year we've had."
He said he has seen genuine interest in Sunnybright, but the fact that there was very little land available elsewhere in Bathurst has likely aided sales.
"I think that has certainly helped them get sales over the line, because there was a lack of land across the board in Bathurst," Mr Maskill-Dowton said.
He would like to see more land become available, particularly on the western side of Bathurst, saying "the sooner we have another land release, the better".
Mr Campbell said that council is looking to release more land in a few months.
"Council is always planning on releasing land developments across the city," he said. "The next proposed stage of Sunnybright, known as stage C, will be along Marsden Lane and will comprise 19 lots in total and is expected to be released in April, 2021."