Lismore an affordable option in the Northern Rivers: HTW

The Lismore City area and the surrounding towns of Kyogle and Casino are relatively affordable in comparison to other localities on the NSW Northern Rivers/Far North Coast, according to HTW’s Month in Review: March 2017. 

The valuation firm says there is ample opportunity of first home buyers, with starting prices of $250,000 to $350,000 for a comfortable three to four bedroom, original home within Lismore City and approximately $200,000 to $275,000 within Casino and Kyogle.

The firm warns that first home buyers will face competition from investors.

“Advice to first home buyers would be to have modest expectations and start off small,” it says.

“We have noticed an increase in the advertising of housing stock from developers trying to appeal to the first home buyer.

“Such developments tend to be slightly different from the norm with emphasis on affordability and community living.

“Most of the residential structures in this instance are relatively compact and have shared community gardens/landscaping.

“Some developers have even self-imposed restrictions to only be made available to “first home buyers” and not investors.”

A three bedroom house at 308 Molesworth Street, Lismore (above) has been listed for $259,000.

Similarly a four bedroom house at 31 Orion Street, Lismore (below) has been listed for $285,000.