In a report released by Well Home Loans, using data from the Suburbtrends online site, Stawell was listed as one of Victoria's top 20 property growth markets.

The 'Green Shoots report' has Stawell listed in 14^th place with a property asking price at $290,000 from the three months to October 2021, with a 12 per cent increase in that price over the past three months.

The report states that due to falls in property inventory levels, 33.9 per cent, and increases in asking prices, 7.8 per cent, the Stawell market's growth is expected to be one of the highest in the state.

And according to one of the most experienced real estate agents in Stawell, Nutrien Harcourts real estate sales manager Bruce McIlvride said the market was "upbeat".

"Everything goes through cycles and markets change," he said.

"We are two years into the pandemic and six months before it the market was moving and it has been super fed by low interest rates and first home buyers and builder policies.

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"The market was already moving and in that transition phase pre-pandemic and those things have fed the fire if you like."

Mr McIlvride has around 15 years of experience in the Stawell property industry and said one of the biggest challenges the market has was trying to increase supply in the area.

"People who want to build want to build sooner rather than later and the availability of land is one of those lacking things," he said.

"And the ones that are approved, we are talking about those subdivision developments being one or two years away.

"Historically, subdivision in Stawell have taken a while to sell and unless someone is cashed and able to carry it."

Mr McIlvride said he and other agents are keeping a close eye on the market to see when prices of property in the region may begin to stabilise.

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"The market prices today are exceptionally good for our vendors and they wouldn't be getting those prices two years ago," he said.

"It is a market and markets change. The pressure will remain until the government, or banks change some of their policies and while there is still a lack of supply the pressure will remain.

"As agents we have a responsibility not to force the market and cook it ourselves in regards to pricing.

"If we put a bit extra on it because we think that is the best way to get a client then you can take the heat out of the market by over quoting it.

"I don't see prices dropping but they will, stabilise as the prices of property always have.

"We will only know when we are slowing down because houses will sit on the market for two, three or four weeks compared to some being sold in 24 hours right now."

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