Despite consecutive rate rises, the housing market shows little sign of slowing down in the Yass region after a strong showing at a recent auction.

Five bidders went head-to-head for the charming 2.07ha lifestyle block on the highly sought-after Dog Trap Road.

The property was a popular choice since it is located on the Canberra side of Yass and tucked away behind large established trees for a more private feel.

Complete with four bedrooms, two bathrooms and a two-car carport, one of the big selling features of the property was its well-manicured cottage gardens. The solid brick home was built in 1997 and was the perfect fit for a family or renovation project.

Selling agent George Southwell from Ray White Rural Canberra/Yass said despite media reports the market is still performing exceptionally well.

“The market in our regional areas is not declining,” he said. “Smart buyers and sellers are still active and taking advantage of low rates while they last.”

“In a time when investments of all kinds are unstable, people are clearly seeing the security in land located in our regions.”

Bids started at $750,000 with the house finally selling for $920,500 with mostly local bidders coming from nearby Canberra and Yass.

Auctioneer Frank Walmsley said the sale proves the market is still strong.

“Even though we appear to be living in turbulent times, buyers still appreciate the value of good land and good earth,” he said.

The Yass Valley continues to be a preferred location for buyers who are craving a country lifestyle while still being close to the city.