Grafton house prices continue building

GRAFTON recorded the biggest increase in house prices of the Clarence Valley's three major centres last year, according to figures from real estate tracker RP Data.

In fact, of the three centres ? Grafton, Maclean and Yamba ? Grafton, with 5.8 per cent, was the only centre to record growth in median prices.

According to RP Data's information, Maclean recorded a fall of 5.6 per cent and Yamba a fall of one per cent in its median prices.

But Yamba, with a median price of about $375,000 remained the dearest of the three major centres, with Maclean and Grafton both recording median prices of just under $225,000.

It was in 2003 that Maclean recorded enormous growth with an increase of 53.8 per cent, while Yamba recorded 33.3 per cent and Grafton 35.2 per cent.

Yamba recorded the highest Clarence Valley growth in 2002 with 34.9 per cent, against Grafton with 10.9 per cent and Maclean 13 per cent.

The figures also show an interesting comparison between the number of properties sold in the three centres over the past 10 years.

In that time, Maclean house sales peaked in 2002 with 146 sales. In 1996 there were 76 sales and last year 35. Maclean sales last year were also the lowest for the three centres over the 10 years. In Grafton the peak was in 2003 with 271 sales compared with 180 in 1996 and 160 last year and in Yamba the peak was in 2002 with 200 sales compared with 177 in 1996 and 90 last year.

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