Record low borrowing costs continue to drive interest in Cowra homes and residential building blocks, according to Raine and Horne Principal David Fagan.
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"These are likely to be in place for a number of years and are a major factor in the increased sales rates," Mr Fagan said.
Mr Fagan said there had been a slight drop off in interest from investors outside the region, due to the winter chill, but this would increase with the warmer weather.
Cowra still had very affordable houses with a great Return On Investment which attracted developers and investors.
Meanwhile, there was plenty of interest from locals and genuine relocators looking for their country lifestyle home, he said.
"I expect prices to continue to rise, however, with reduced demand, some stimulus removed and rises in longer-term fixed mortgage rates, prices are likely to rise at a slower pace," he said.
The low borrowing costs and the likelihood of these low costs for a number of years means that buyers have some assurance they can afford to buy.
Buyer demand is far outstripping the supply of properties for sale and agents are keen to speak to anyone who would like an appraisal as it was a great time to sell.
