Editorial - Monday, December 9: Regaining our confidence
THE real estate market is something I always like to keep my eye on.
I think it stems from a property-savvy mother who is always dipping her toes in investments and exploring new areas to put her creativity.
And perhaps the fact our family home on the Gold Coast sold for $200,000 less than it was valued at 12 months earlier when we went through that huge drop in the market a couple of years back - I guess that sparked my interest.
But by keeping in touch with what's happening in different areas, it allows us to notice change in the market.
As far as the Clarence Valley is concerned, the fact there were 12 auctions in one night, with just one real estate, makes me think there is a serious trend towards that type of buying and selling.
I think it's great news to see people starting to regain confidence in the market and give the auction-style a go, plus this was Ray White's largest pool of auctions on one occasion in six years.
When I spoke to selling principal Daniel Kelly, he said one third of the properties up for auction that night sold, with serious interest in another few - that's pretty good odds if you ask me!
It's great news for Grafton that people are jumping back into the market and it proves that we too can do it as good as the big cities.