red home sign, Real Estate business Concept
red home sign, Real Estate business Concept Feng Yu

Buyers snapping up land at Junction Hill

SUBDIVIDED estates are proving popular in the Clarence Valley, with blocks of land being snapped up in multiple areas.

Junction Hill and Clarenza have proven to be hotspots, as well as Gulmarrad and Townsend.

Bailey and Gough First National's Leo Cameron said about 40% of the subdivided land at Lake View estate at Junction Hill had sold.

"There's currently 27 lots, eight of which have sold and there's a further three under contract," Mr Cameron said.

Mr Cameron said dirt would be broken at the estate early next year and he expected more sales there as people noticed the progress.

He said with good-value houses being snapped up quickly at Junction Hill, people looking to relocate to one of the Clarence Valley's main growth areas should take advantage of the land up for grabs.

Clarenza was another main growth area, Mr Cameron said, but home buyers were paying more for Junction Hill because of the services already available there.

LJ Hooker Maclean's Ken Giese said land at Columbus Estate at Townsend was continuing to sell due to the reasonable prices. The latest land release had 29 blocks, with 15 remaining.

He said land was available at almost cost value and those prices would not be seen with land released in the future.

He said the agency had also been doing work with land releases at Gulmarrad.

Mr Giese said while it had to be recognised it had been "difficult for everyone" in the past couple of years, it had been a solid year for real estate.

He said things had slowed a little in the past four or five weeks with the looming election, but he expected things to get back on track after September 7.

Bailey and Gough principal Rod Ford said new-release land at Kangaroo Ridge had also proven to be much sought after, and a new light industrial estate on Trenayr Rd was in the works, with development applications lodged with the Clarence Valley Council.

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