Run of sales at Yamba as seachangers make move
IMPROVEMENTS in the Sydney property market have made their way up the coastline, resulting in a run of sales at Yamba to finish off the year.
Elders Yamba director Mike Harvey said the volume of sales was significantly better than this time last year.
"We have had a nice little run of sales," he said.
"It's investment properties and residential - there's evidence of us getting benefit from the Sydney market."
Mr Harvey said as the market in the state capital improved, sellers were able to offload properties and make the sea change.
"It might be they are waiting for their place to sell in Sydney," he said.
"Sometimes it takes another move to the central coast before someone makes the move to Yamba."
He said there was also a trickle-on effect from Brisbane and the Gold Coast, but those markets weren't as strong as Sydney.
Elders Grafton licensee David Dart agreed the market looked positive.
"Things have been good," he said. "We have finished the year with an auction clearance rate of 65% for the whole year.
"For us to keep that rate for the whole year, I was pretty happy about that," he said.
Mr Dart said the market was moving fairly quickly, especially for properties in the cheaper range.
"That's where the investors are looking, in the $200,000-$250,000 range," he said.
"They are getting snapped up pretty quickly."