THE decisive outcome of the federal election appears to have restored confidence into the Cooma-Monaro real estate markets, according to local agents.
The election result, combined with continuing low interest rates, is having a beneficial effect, with plenty of buyer movement, particularly at the lower end.
Craig Schofield of Boller & Company and Don Menchin of Raine & Horne both nominated low interest rates as important factors in an improving market.
Mr Schofield said that low interest rates and increasing demand for properties pointed to more consumer confidence in the local market.
Boller & Company had experienced a busy period, coinciding with two events.
"We saw an increase in inquiries firstly with a change of leadership in the Labor Party and again since the result of the election," he said.
Generally September was a slow period in real estate in Cooma because of the changing seasons and football finals, but this year the trend had been bucked with inquiries coming in daily.
"We have found a shortage of properties in the lower end and with the demand still high this could drive prices up in this area," Mr Schofield said.
"It is a perfect time to buy at present - low interest rates that are predicted to stay low for quite some time, lower home prices locally and also if you are looking to invest, high rental yields are also available.
"The price cycle is giving an indication that it is on the move and shows a 5 per cent increase from last year."
Mr Menchin said Cooma real estate was cheap compared to other places.
"There was an expectation that a change of government was needed to restore confidence. That appears to have happened and as business owners become more confident, the whole economy will benefit," he said.