Property

Good time to sell, house prices rise

TAKING THEIR TIME: Lawrence comes in second in the Clarence Valley for the length of time homeowners own their property before selling up.
TAKING THEIR TIME: Lawrence comes in second in the Clarence Valley for the length of time homeowners own their property before selling up. Adam Hourigan

IT MAY seem obvious that once you secure a property in Yamba, you'd be hard-pressed to give it up, but there are two rural suburbs where houses are held for nearly as long.

According to Corelogic Market data to April 2017, Yamba tops the list of suburbs in the length of time a house is owned before it is put up for sale - 12 years.

And contrary to belief that unit owners move more, Yamba's units also top the list with an 11-year average hold on the property.

However, past Yamba's lures, it is the rural areas that show the most loyalty, with Lawrence and Glenreagh coming in second.

Lawrence's average hold on property sits at 11.6 years, with Glenreagh not far behind at 11.5 years.

At the opposite end, Townsend shows the most movement in house ownership, with the average time the house is owned at 6.5 years, followed by its neighbour Maclean where the length of time is 7.6 years.

Figures reveal that it is a good time in the market for people looking to make the move to sell, with strong increases in the median sale price across the board.

Junction Hill shows the largest increase in sale price over the past 12 months with a 27.2% increase.

Corelogic data shows a movement of 24 houses in the area in the past 12 months, with a median sale price of $384,000, moving up from $302,000 last year.

Wooli shows the sole drop in the median house price, down 14.1% this year from $462,500 in 2016 to $397,500, however historical data shows that the increase from five and 10 years ago is under 1% and is the most stable property price in the Clarence Valley.

---------

IF you're looking to buy or sell the best of what's available in local real estate, then don't miss the first edition of magazine Sold On.

With reports on how the market is doing and guides on what houses in each suburb are worth, there's all the information you need to tackle the market.

Combined with in-depth profiles of Clarence Valley suburbs, and opinions from the agents who know their area back to front, it is unmissable reading. The magazine will be inserted into The Daily Examiner on August 23.

 

Topics:  property



12 things to do this week

Cast of Curtains, the new show at the Criterion Theatre in Grafton.

There's plenty on this week in the Clarence Valley

Major changes to council management structure

Clarence Valley Council building on Prince Street, Grafton.

Three senior positions slashed as part of Fit For The Future savings

Marine engineer to look at rock pool

DANGER: The Yamba Ocean Pool at Main Beach has been closed by Clarence Valley Council

Council vote sees pool may still have a future

Local Partners

Liberty for all children at Jacaranda Park

All-abilities playground to set the standard for parks in the Clarence Valley


Third time lucky for memorial day

REMEMBRANCE: Loved ones and fellow truck drivers will come from as far as Sydney and Queensland to remember those who have lost their lives on the roads at the Grafton Truck Drivers Social Club Memorial Wall Service on Saturday.

Truck drivers memorial service scheduled for this Saturday

Jemma's bewitching voice

STAGE PRESENCE: Suzie Mathers and Jemma Rix in a scene from Wicked The Musical.

Wicked musical theatre star Jemma Rix has released her debut album.

The finance solution for Clarence Valley's poorest residents

GOOD BUSINESS: Director Dr Masum Isa and CEO of Grameen Australia Duncan Power with Bendigo Community Bank South Grafton director Karen Toms and chair Peter James.

Social business group provides beneficial alternative to welfare

Hollywood’s new highest paid actress

JENNIFER Lawrence has been dethroned as Hollywood’s highest paying actress by another star. Can you guess who?

Movie trailer dubbed too racy for TV

Alicia Vikander stars in Tulip Fever.

THE trailer for Tulip Fever is so saucy some networks have banned it

Liz Hurley, 52, has never looked better

She’s definitely not shy to pose in a bikini.

Life in your 50s has never looked as good as it does on Liz Hurley.

Big Bang Theory star spills details about Season 11

Mayim Bialik plays Amy Farrah Fowler on The Big Bang Theory.

MAYIM Bialik has shared some details about what fans can expect.

The Bachelor Australia: Awful joke leaves Matty stunned

Sharlene’s mouth hangs agape after her car crash breakup.

I’m actually one of the bachelorettes — I’m not the external caterer

Samsung set for bigger, beach friendly Note 8

Samsung will be going bigger than ever to launch its Note 8 after this year's launch of the S8.

Water, dust, now sand-resistant?

GoT fan’s epic ‘Littlefinger’ theory

A fan has shared her epic theory on Littlefinger.

SPOILER ALERT: One fan has shared a shock theory.

199 home sites approved in Evans Head

The Evans Head Manufactured Home Estate plans. Zoran Architecture.

Manufactured Home estate approved near aerodrome

Airbnb, Stayz and co tipped to squeeze Coast housing market

HOLIDAY BOOM: Airbnb letting is putting a further squeeze on long-term rentals.

Councils exploring options to manage the industry

Developer tears up couple's contract for new home

Jade and Edward Roberts were stung by the sunset clause on the first day of their honeymoon.

The developer has the right to do this under the sunset clause

Reports of Ibrahim family connections to farm and food hub

John Ibrahimat Bluesfest 2012.

REPORTS circulate colourful Sydney family have investments on the NR