Newspaper article The Northern Star (Lismore, Australia)

Positive Trends for Clarence Valley Property Market Scene

Newspaper article The Northern Star (Lismore, Australia)

Positive Trends for Clarence Valley Property Market Scene

Article excerpt

Byline: Chris Calcino

UNITS and houses are still attracting strong prices across the Clarence Valley as real estate agents contend with a major property supply shortage.

CoreLogic RP Data's most recent Market Trends report places Yamba as the suburb with the highest median house price at $500,000 over the year to October, followed by Wooli on $450,000 and Gulmarrad at $435,000.

Woombah ($392,050) and Townsend ($375,000) rounded out the top five.

Yamba also had the most expensive units with a $345,000 median sale price, topping Iluka on $307,500 and Waterview Heights at $237,000.

Wooli not only made the number two slot for most expensive houses - it also had the biggest yearly price increase with a 45% jump.

Iluka's 35% price growth topped the region's unit market.

Ray White Yamba principal Daniel Kelly explained sales were strong across the board.

"It's all still going very strong. Stock is still in very short supply and we've seen a bit of action in the high-end market of late," he said. …

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