15 Eggins St was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017.
15 Eggins St was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017. Ray White Grafton

Buoyant times ahead for real estate market

THE historic residence of former long serving Grafton politician Sir Earle Page was one of seven homes sold at a recent auction in Grafton.

Ray White Real Estate Grafton marketing agent Lewis Campbell sold the property at 12 Riverside Drive in South Grafton for $375,000 at Grafton Community Centre on January 25.

 

12 Riverside Drive, South Grafton - the former residence of Sir Earle Page - was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017.
12 Riverside Drive, South Grafton - the former residence of Sir Earle Page - was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017. Ray White Grafton

The property was one of seven sold under the hammer, with an eighth settled prior to auction. The positive results defied a common belief that January is a quiet month for the real estate market in the Clarence Valley.

"We had 149 inspections during our four-week campaign 26 offers prior to the auction," Ray White Grafton owner principal Ben Hottes said.

"They usually say January is a dud month and nothing happens, but it goes to show it does happen.

"I actually enjoy it and think it's a good month to get stuck in."

 

199 Ryan St was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017.
199 Ryan St was one of the properties sold at auction at Grafton Community Centre on Wednesday, 25th January, 2017. Ray White Grafton

Mr Hottes said the outlook was positive for the real estate market in the region.

"The demand is there and there's a good spectrum of buyers from the older downsizer to the invester to the general person looking to purchase," he said.

"We even saw a few more first home buyers come back into the market late last year and into this year, which is good.

"There were less houses sold last year than the previous year, but I think that trend will go up as housing prices go up. As prices go up it is more likely people will start selling."



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