What $700,000 can buy in Clarence Valley: HTW residential

What $700,000 can buy in Clarence Valley: HTW residential
What $700,000 can buy in Clarence Valley: HTW residential

Relaxing restrictions have seen the Clarence Valley return to a state of somewhat normality, according to the latest Herron Todd White (HTW) residential report. 

The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 

The report notes the initially stalled figures, including sales rates and rentals, we saw at the beginning of the pandemic now appear to be slightly increasing across the Valley.

Still somewhat driven by infrastructure improvements such as the new Pacific Highway, jail and other associated works, the Valley continues to have high demand for rentals and stock coming on to the market around or below median sale prices.

"Although the Valley is still a long way off its pre-pandemic state and potentially all the effects have not yet been felt, and with prices remaining relatively low compared to nearby centres, there remains a widespread sense of stability and confidence," the valuation firm said. 

A $700,000 budget in Clarence Valley leaves you with a multitude of options whether you are chasing farmland, a residential allotment or a low maintenance unit, the report noted. 

Very few sales surpass $700,000 in Grafton, Maclean, Townsend or Gulmarrad.

three bedroom house in Grafton has recently been sold for $360,000.

The 10 Bromley Street home (pictured below) comprises separated living area, renovated kitchen, rumpus room and three bedrooms. 

The timber home is located close to the river and within easy walking distance to shopping.

What 0,000 can buy in Clarence Valley: HTW residential

 

As for Yamba, whilst $700,000 might assure you a freestanding dwelling, it will likely be lacking any view or amenity to the beaches.

A current listing is a freestanding riverfront townhouse in Yamba priced at $625,000.

The 4/16 Yamba Road home (pictured below) comprises four bedrooms, open plan living and dining areas, courtyard and double garage. 

It also features covered balcony, timber staircase and timber flooring.

What 0,000 can buy in Clarence Valley: HTW residential

While a small unit nearer to the beaches may be possible, they have been rarely presented for sale of late, the report added. 

"In terms of return, Grafton has long been a solid rental performer with a steady demand for all rentals and this looks set to remain unchanged," the valuation firm said. 

As for coastal locations, permanent rental returns are somewhat more conservative but still need not be ruled out.

As for the best performing investment for $700,000, if a dwelling or unit isn’t quite for you, there is also the option to build, the report noted. 

There are numerous rural vacant allotments for sale where one could buy land and establish a dwelling, or there are standard allotments where duplex construction is permissible.

"With some uncertainty around the immediate future, a $700,000 budget presents an array of options with most looking as secure as they did pre-pandemic over the medium to long term."

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Htw Clarence Valley

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