Newspaper article Daily Examiner (Grafton, Australia)

Investment in Yamba Area Is Defying the Current Trends; the Local Market Is Getting Back into Shape with Increased Confidence a Great Sign for the Future

Newspaper article Daily Examiner (Grafton, Australia)

Investment in Yamba Area Is Defying the Current Trends; the Local Market Is Getting Back into Shape with Increased Confidence a Great Sign for the Future

Article excerpt

YOUaVE probably heard about the sluggish climate facing the current real estate market but apparently no oneas told the increasing number of people investing in the Yamba area according to LJ Hooker Yambaas a$8 million-man,a principal Mark Porter.

Mr Porter said investment in the area was defying the current trend a he said he alone had more than $8 million in properties sold, or under settlement or contract since November last year and the trend was continuing.

The latest feather in Mr Porteras cap was the sale to an undisclosed buyer of the prestige Yamba property Allawah, on the hill between Convent and Pippi Beach Yamba a although the final sale price is private, to give a rough indication, the property was originally listed for just over $1.7 million.

Mr Porter said a sale like this was a good sign the local market was getting back into shape.

aIt shows thereas a bit more confidence in the market a people who have been visiting Yamba for many years, retirees, investors a theyare all starting to come back into play after a you could say a being wounded over the last three or four years during the GFC,a Mr Porter said. …

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