News

Property is on the move

The Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence.
The Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence. Max Fleet

AFTER more than two years in the doldrums, the real estate market in the Clarence Valley is starting to show signs of improvement, particularly in the urbanised areas of the Lower Clarence.

LJ Hooker Maclean sales and marketing consultant Grant Nielsen said February had been the company's biggest month for two years, with 13 contracts exchanged.

March was also looking strong, he said, with four contracts already exchanged.

"It has been a long time coming and it's been welcome," Mr Nielsen said.

He said there had been a mix of local buyers as well as some from Brisbane and Sydney.

"There's no real trend, but it's probably more local than external."

Mr Nielsen said there were no "fire sales" in the latest jump and most properties were reaching vendor expectations.

"We had an auction at Palmers Channel in February and it sold well, well above reserve," he said.

"The actual first bid came in above reserve. I've been in the game for eight years and it is the best auction I've been associated with.

"There just seems to be an increase in confidence at the moment. That's all it's been - a lack of confidence - and finance has been difficult too."

Mr Nielsen said an improving real estate market sends positive economic ripples through the rest of the economy.

"For example, there has been a bit of a shortage of work for tradesmen, but that should pick up," he said.

He said January had been quiet but things turned around last month.

That view was reflected by PRDNationwide Yamba principal Denise Gillies, who said January, normally a busy month, was exceptionally quiet, but the number of inquiries had increased since.

"There's certainly signs of green shoots," she said.

"There has been a bit more interest, but it has been quiet probably since about 2007-08.

"It had been the worst cycle I had seen in 24 years in the industry."

Maclean Ycoast Real Estate principal Fiona Beamer said the traditional buying period of January had been quiet, particularly for high-end rural properties.

Persistent rain may have had an impact, but there were signs of improvement.

"There's a bit more interest, but although there's interest there's no urgency," she said.

"People have the feeling there is not a lot of activity."

In Grafton, Elders Real Estate principal David Dart said November and December were strong, but January was quiet.

"Inquiries are still good," he said.

"I think confidence is improving."

Topics:  clarence valley property real estate



SUNDAY SAY: Where do the Bunya's grow?

The rough bark of the trunk of the Bunya. To get the cones naked young men climbed the Bunyas in the time-honoured way using vines for support.

Tree one of area's earliest plantings

Pacific Highway roadworks this week

Roadworks on the highway

Here's a list of all the spots where work will take place

SUNDAY SAY: The grass it can be greener

field of spring grass and forest

Short lawn not always the best

Local Partners

Un-American tale makes Lion weakest link in Oscars line-up

PSYCHOLOGY researchers find US films and actors most likely to win accolades at the Oscars.

Can rightful winner Midnight take out golden Gosling in Oscars?

Can Lion pip La La Land at the post in this year's Oscars? Sunny Pawar (pictured) helped bring a powerful film to the big screen.

WILL Aussie film Lion triumph or will popular La La Land prevail?

How to be spooky and sing like a man

Spooky Men's Chorale, looking a little less spooky, on Saturday morning at their masterclass.

A masterclass on how to be a spooky man (or woman).

Living End, Grinspoon stars hit stage for American Idiot

Chris Cheney of The Living End stars in the Australian production of Green Days musical American Idiot at Brisbane's QPAC Theatre.

TAKE a look behind the scenes of Green Day's American Idiot musical

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

The trick homeowners are using to buy more properties

Chantelle Subritzky leaves her home each week for Airbnb guests.

Queenslanders are going down this path to help pay their mortgages

Stunning home blends South Pacific beauty with Orient style

Immaculate residence with two outdoor living areas

Historic home 'Fairweather' up for action

Fairweather

Historic property owned for last 35 years up for sale

A piece of Clarence Valley heritage up for grabs

The historic house \"Ravensford\" located at 36 Villiers St in Grafton is currently on the market at McKimms Real Estate.

Take a look inside iconic home 'Ravenford'

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Ready to SELL your property?

Post Your Ad Here!