Property

Good time to sell, house prices rise

TAKING THEIR TIME: Lawrence comes in second in the Clarence Valley for the length of time homeowners own their property before selling up.
TAKING THEIR TIME: Lawrence comes in second in the Clarence Valley for the length of time homeowners own their property before selling up. Adam Hourigan

IT MAY seem obvious that once you secure a property in Yamba, you'd be hard-pressed to give it up, but there are two rural suburbs where houses are held for nearly as long.

According to Corelogic Market data to April 2017, Yamba tops the list of suburbs in the length of time a house is owned before it is put up for sale - 12 years.

And contrary to belief that unit owners move more, Yamba's units also top the list with an 11-year average hold on the property.

However, past Yamba's lures, it is the rural areas that show the most loyalty, with Lawrence and Glenreagh coming in second.

Lawrence's average hold on property sits at 11.6 years, with Glenreagh not far behind at 11.5 years.

At the opposite end, Townsend shows the most movement in house ownership, with the average time the house is owned at 6.5 years, followed by its neighbour Maclean where the length of time is 7.6 years.

Figures reveal that it is a good time in the market for people looking to make the move to sell, with strong increases in the median sale price across the board.

Junction Hill shows the largest increase in sale price over the past 12 months with a 27.2% increase.

Corelogic data shows a movement of 24 houses in the area in the past 12 months, with a median sale price of $384,000, moving up from $302,000 last year.

Wooli shows the sole drop in the median house price, down 14.1% this year from $462,500 in 2016 to $397,500, however historical data shows that the increase from five and 10 years ago is under 1% and is the most stable property price in the Clarence Valley.

---------

IF you're looking to buy or sell the best of what's available in local real estate, then don't miss the first edition of magazine Sold On.

With reports on how the market is doing and guides on what houses in each suburb are worth, there's all the information you need to tackle the market.

Combined with in-depth profiles of Clarence Valley suburbs, and opinions from the agents who know their area back to front, it is unmissable reading. The magazine will be inserted into The Daily Examiner on August 23.

 

Topics:  property



REVEALED: Homewares retailer to open at Rose City soon

LOOK TO THE FUTURE: Bed, Bath N' Table will soon be opening at Rose City Shoppingworld.

A new store is set to open its doors next to The Reject Shop

Loads of fun at the fair

FAMILY FUN: Imogen and Suzanne Tomich, Margo and Annabel Cory, and Olivia and Tina Mcdonald enjoying a day out at the Uniting Church Spring Fair.

Community event rolls in at weekend

Federal police get in on Warwick's egg-throwing party

Australian Federal Police team leader of history, traditions and museums Terry Brown with a vintage cartoon statue of Billy Hughes.

From Thursday, the art gallery will host a historical exhibition

Local Partners

Going long-term in property? Women invest the best

Susan Farquhar

Investing in property? Trust a woman

Coast beach house has wide appeal

PRIME POSITION: The Alexandra Headland home features a tiled retreat opening to a covered deck with views from Alex Forest straight out to the ocean in front of Alex Surf Club.

Alex Headland home sits high, wide and handsome

Touch of history as property group launches Sunshine Coast office

David Handley, Marcus Muir, George Kafantaris, Scott Holmes, Brendan Dale, Bobbie Murphy, Kim Brand, Trina Martin, Kerry Croaker, Margie Sullivan, Peter Bell, Brook Monahan and Taylor Booysen at Mosaic Property Group's opening of their new Sunshine Coast office at Duporth Ave, Maroochydore.

Maroochydore the hub for property development group's expansion

Two reasons city buyers are eyeing off Warwick real estate

The lifestyle and affordable prices in the Southern Downs has attracted interest from Brisbane buyers.

Agents are seeing plenty of interest from city dwellers.