Property sales heat up
REAL estate agents from the Lower Clarence say things are looking up following auction success at the weekend.
Ray White Yamba sold a beach cottage for more than $600,000 and LJ Hooker Maclean boasted selling two out of four properties at auction.
LJ Hooker manager Ken Giese said there had been a turnaround in the market since the second week in January.
"The difficult market has been building for a couple of years now and it was as tough as you could make it," he said.
Mr Giese said vendors have had to adjust their asking prices and interest rates are hitting their lowest points.
Ray White Yamba's marketing agent Daniel Kelly said the weekend sale was a positive sign.
"There's plenty of talk around the market being dead here. But this really proves it's not," he said.
"The market is showing marked improvement. Turnover has become much more consistent since the start of 2012 and property which is well marketed and well priced is still receiving good interest."