Clarence Valley an attractive area for investors: HTW
The most favoured price points in the Clarence Valley are below $400,000 in Yamba and below $300,000 in Maclean and Grafton, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that investors are the main buyer demographic for this price point and will tend to get a 1950s to 1970s refurbished dwelling.
In Yamba, you would be looking at a dwelling located on a busy road.
These price points can be pushed up in Yamba from $500,000 to $800,000 for well located properties, however there will tend to be more of a mix of investors and owner occupiers.
An example would be a six bedroom home at 18 Church Street (pictured above) that is for sale for $750,000.
Grafton and Maclean will also push up to $450,000 for modern homes for investors and owner occupiers.
The slowest price for the region is the $800,000 to $1 million bracket in Yamba and anything over $450,000 in Maclean or Grafton.
These will tend to be people moving up to the region from capital cities and there are also some professional couples purchasing in this price bracket.
The slowest price point depends on what is happening in the capital cities, however the locality of the area in relation to cities and local industries has the largest impact on the slowest price point.
