Agents think $1m mark not far away
SOME existing riverfront homes in Grafton would fetch over a million dollars, according to local real estate agents, and 2010 may very well be the year the previously unattainable barrier is broken.
This will, of course, depend on whether the right property is put on the market but the thoughts of several agents are that Grafton is certainly not far away from the seven-figure mark.
“If the right property came on the market right now we’d definitely give it a nudge,” said Bailey and Gough principal Derek Morgan.
“At that end of the market it would have to have everything ... something nicely done in the new Kaiser Estate or McHugh Street.
“We’ll definitely get there before too long but when, I can’t say.”
McKimm’s Real Estate principal Steve McKimm concurred with Mr Morgan, saying one property in Miller Street, Grafton, sold for more than $800,000 ‘not that long ago’.
“The next stop is a million, that’s for sure,” Mr McKimm said.
“There would be plenty of properties on the river that could bring a million dollars.”
Though none would be confirmed by agents yesterday, rumours persist that several rural riverfront properties near Grafton have recently sold for over a million dollars.
A 21-hectare property with two houses on it at Seelands has been listed for $1,050,000.
Both three-bedroom homes have river frontages with views to Rogans Bridge.
Don Morgan, from Bailey and Gough, said the rural-zoned property, which was listed a few weeks ago, had attracted some interest.
“It’s very difficult to value riverfront properties because there hasn’t been a lot on the market,” he said.