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


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Monto woman pleads guilty to stealing

SENTENCED: A 38-year-old Monto woman pleaded guilty for stealing.

A 38 year old Monto woman pleaded guilty to two charges of stealing.

Travellers and backpackers enjoying soup night

Backpackers at the Mundubbera soup kitchen every Wednesday night.

IT'S been a successful program for seasonal workers and backpackers.

Animal activists protest at Swickers

Animal rights activists descended on Swickers in Kingaroy on Wednesday to protest against the slaughter of animals.

The protest happened on Wednesday afternoon.

Local Partners

Crash on the Boyne bridge

THE North Burnett Regional Council deputy mayor Faye Whelan believes the Boyne River bridge should be replaced.

Jemma's bewitching voice

STAGE PRESENCE: Suzie Mathers and Jemma Rix in a scene from Wicked The Musical.

Wicked musical theatre star Jemma Rix has released her debut album.

This laughter yoga video will have you in fits of giggles

BEST MEDICINE: Karen Flannery is spreading happiness through laughter throughout Hervey Bay.

New members needed for a laughing good time

Amber Heard, Elon Musk among Splendour celebs

Bernard Fanning plays the main stage at Splendour in the Grass 2017 on day 2.

DAY TWO of Splendour in the Grass was the day of celebrities.

What's on the small screen this week

JESSICA Marais returns in The Wrong Girl and The Block's kids bedrooms are sure to inspire.

Playing Tom Cruise's wife was a dream for Sarah Wright

Tom Cruise and Sarah Wright in American Made.

The actress stars opposite Cruise in the action comedy

Taylor Swift wipes presence off social media

Singer Taylor Swift has deleted her social media accounts

Social media wipeout prompts rumours of a new album

Swedish TV drama turns up heat

Louise Nyvall stars in the Swedish TV series Farang.

Scandinavian crime thriller goes troppo

Aboriginal artists' call to action

Anwar Young, winner of this year's overall prize and last year's young artist prize.

Important messages of survival and healing

Radio host Matt Okine leaps to small screen

Valene Kane, Matt Okine and Harriet Dyer star in the TV series The Other Guy.

First foray into acting a long time in the making

Hollywood’s new highest paid actress

Jennifer Lawrence had to settle for third this year behind Emma Stone and Jennifer Aniston.

CAN you guess who has dethroned Jennifer Lawrence?