Alpine real estate markets set to climb as mercury tumbles

Media release - 11^th June, 2014

The Bureau of Meteorology is tipping powder for Thredbo by the end of the week as the mercury drops below zero, which will not only deliver much needed financial relief to snowfield proprietors, but is also great news for property markets in NSW’s Snowy Mountains.

“Compared to early winter 2013, enquiries for holiday and lifestyle apartments in Thredbo, Perisher, Jindabyne and surrounding areas are slightly stronger, although we expect snow falls will create a burst of real estate enquiries,” says Marita Brandauer, Principal, Raine & Horne Snowy Mountains.

“Typically, property enquiries are correlated to snow falls, which then translate into sales at the end of winter and spring as skiers weigh up the benefits and convenience of owning, rather than renting, a property close to the ski fields.”

Minimising the costs of a skiing holiday is often the attraction of ownership, according to Ms Brandauer, who says the numbers can really stack up.

“It’s possible to secure a one bedroom apartment in Jindabyne, which in the ski season is just 30 minutes by car from Thredbo Village and Perisher, for $100,000 or less.”

To illustrate, Raine & Horne Snowy Mountains recently sold a bed-sit apartment in a block at 10 Kosciusko Road, Jindabyne, for $93,000 – which can command up to $14,000 less management fees for the 16 weeks of the ski season.

“If you decide to use it exclusively and visit the snowfields regularly, the accommodation savings will help an apartment like this pay for itself in relatively quick time,” says Ms Brandauer.

At the same time, the Snowy Mountains is also popular during the warmer months with eco tourists and water sports enthusiasts.

“In the spring and summer, the region draws trout fishermen, water skiers and wake boarders, as well as hikers and mountain bikers,” says Ms Brandauer.

“The main chairlift at Thredbo, for example, is still open in the warmer months, which enables hikers to reach the summit of Mount Kosciusko.”

-ENDS-

For further media information contact:

Marita Brandauer, Principal, Raine & Horne Snowy Mountains on 0422 637 096

Andrew Harrington, National Marketing & Communications Coordinator on 02 9258 5400