Property is on the move

The Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence.
The Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence. Max Fleet

AFTER more than two years in the doldrums, the real estate market in the Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence.

LJ Hooker Maclean sales and marketing consultant Grant Nielsen said February had been the company's biggest month for two years, with 13 contracts exchanged.

March was also looking strong, he said, with four contracts already exchanged.

"It has been a long time coming and it's been welcome," Mr Nielsen said.

He said there had been a mix of local buyers as well as some from Brisbane and Sydney.

"There's no real trend, but it's probably more local than external."

Mr Nielsen said there were no "fire sales" in the latest jump and most properties were reaching vendor expectations.

"We had an auction at Palmers Channel in February and it sold well, well above reserve," he said.

"The actual first bid came in above reserve. I've been in the game for eight years and it is the best auction I've been associated with.

"There just seems to be an increase in confidence at the moment. That's all it's been - a lack of confidence - and finance has been difficult too."

Mr Nielsen said an improving real estate market sends positive economic ripples through the rest of the economy.

"For example, there has been a bit of a shortage of work for tradesmen, but that should pick up," he said.

He said January had been quiet but things turned around last month.

That view was reflected by PRDNationwide Yamba principal Denise Gillies, who said January, normally a busy month, was exceptionally quiet, but the number of inquiries had increased since.

"There's certainly signs of green shoots," she said.

"There has been a bit more interest, but it has been quiet probably since about 2007-08.

"It had been the worst cycle I had seen in 24 years in the industry."

Maclean Ycoast Real Estate principal Fiona Beamer said the traditional buying period of January had been quiet, particularly for high-end rural properties.

Persistent rain may have had an impact, but there were signs of improvement.

"There's a bit more interest, but although there's interest there's no urgency," she said.

"People have the feeling there is not a lot of activity."

In Grafton, Elders Real Estate principal David Dart said November and December were strong, but January was quiet.

"Inquiries are still good," he said.

"I think confidence is improving."

Topics:  clarence valley property real estate

Baxter scores a date at the SCG

Umpire Bruce Baxter will officiate the Thunder conference final at the Regional Big Bash to be held at the SCG.

Getting a game at the SCG is every cricketer's dream.

Jacaranda Festival: What's on this weekend

The Jacaranda Children's Party will be a fun start to the annual festival for children like Aria Barnes.

THE 82nd Jacaranda Festival officially kicks into overdrive today

Do you feel safe in our streets at night?

Police were kept busy in Grafton, when fights broke out on Saturday night, at the end of the Jacaranda Queen Crowning. Photo: Lynne Mowbray/The Daily Examiner

Report shows only 48% of women feel safe walking at night

Local Partners

MacBook fires up: New "touchbar" will include emojis

COULD emojis help the MacBook again deliver a laptop revolution?

Angus T. Jones got miserable on Two and a Half Men

Child star's misery while shooting 'Two and a Half Men'

Bachelorette shock: "This isn't how it's supposed to go!"

Georgia Love pictured in a scene from The Bachelorette finale.

GEORGIA chooses Lee and leaves Matty J heartbroken.

Radio presenter's shocking joke about Dreamworld victims

Images from the scene after four people died on a ride at Dreamworld at the Gold Coast

Radio host taken off air after tactless Dreamworld joke

The Bachelorette fans rally around devastated Matty J

The Bachelorette runner-up Matty Johnson.

CALLS for reality dating show's runner-up to be the next Bachelor.

The Bachelorette finale: Georgia declares her love for Lee

Georgia Love with The Bachelorette winner Lee Elliott.

MATTY J left heartbroken in emotional grand final.

Want to own one of Australia's best restaurants?

TOP GONG: Mooloolaba Spice Bar has been named in TripAdvisor's Top 10 Australian restaurants for 2016.

Here's your chance to pick up one of the Coast's favourite eateries

Maclean's highest house sale this decade

SOLD: Ray White real estate agent Alan Bruchert has just put a new sticker on Maclean's most expensive house to sell in a decade.

Unique riverfront home sells for more than $920,000

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Look at me! Kath and Kim home up for sale

Kath and Kim from the iconic Aussie TV series.

'Crack open the Baileys and grab a box of BBQ Shapes'

Hinterland horse stud passed in for $8.25 million

UNREAL: This Maleny estate is incredible.

12-bedroom hinterland horse stud still available

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?