Yamba

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In the Clarence Valley there are opportunities for first home buyers to purchase a property that is ripe for renovation, according to HTW’s Month in Review: March 2017. 
The valuation firm says there is a range of townhouses available below $400,000 in Yamba and in Maclean, where less than 30% of recent recorded sales were over $400,000.
“Residential development in Townsend is creating an appealing product marketed to first home buyers,” it says.
“This locality has both vacant land and house and land packages available for less than $500,000.”
HTW suggests these areas for home buyers:
• Townsend – Suited to first home buyers that are interested in a brand new product. Townsend creates a perfect environment for vacant land as well as land and housing packages - that are available for less than $500,000.
• Maclean – Suited to first home buyers in the market for perhaps an older product, holding the potential/opportunity for renovation
• Yamba – Suited to first home buyers that are in the market specifically for townhouses/ units. This area provides the most opportunity/widest range of different units for sale.
“Often a premium is paid for brand new product and this may not always be recouped at the time of the next sale if the market has not continued to benefit from capital gains,” HTW says.
“However, there are no overwhelming dangers for these buyers given current market conditions.
“The biggest mistakes that you see first time buyers making in this area is that it is possible that they may overcommit or forget the illiquid nature of property as an asset.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-maclean-124709222" target="_blank">57 Woodford Street</a>, Maclean (above) has been listed for $315,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-townsend-124631734" target="_blank">32 Jubilee Street</a>, Townsend (below) has been listed for $227,500.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/32%20Jubilee%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Townsend, Yamba and Maclean affordable options for first time buyers: HTW

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Yamba is the slowest locality in New South Wales to sell a unit, according to Investar’s latest report.
The property investment firm says that a unit in Yamba can expect to stay on the market for 724 days before it is sold.
This is followed by South West Rocks with 692 and The Entrance with 677.
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="109">
Suburb
</td>
<td valign="top" width="85">
Postcode
</td>
<td valign="top" width="85">
Bedrooms
</td>
<td valign="top" width="96">
Days on market
</td>
<td valign="top" width="85">
Median price
</td>
</tr>
<tr>
<td valign="top" width="109">
Yamba
</td>
<td valign="top" width="85">
2464
</td>
<td valign="top" width="85">
3
</td>
<td valign="top" width="96">
757
</td>
<td valign="top" width="85">
$380,000
</td>
</tr>
<tr>
<td valign="top" width="109">
South West Rocks
</td>
<td valign="top" width="85">
2431
</td>
<td valign="top" width="85">
3
</td>
<td valign="top" width="96">
692
</td>
<td valign="top" width="85">
$477,500
</td>
</tr>
<tr>
<td valign="top" width="109">
The Entrance
</td>
<td valign="top" width="85">
2261
</td>
<td valign="top" width="85">
Studio and 1
</td>
<td valign="top" width="96">
677
</td>
<td valign="top" width="85">
$167,500
</td>
</tr>
<tr>
<td valign="top" width="109">
Forster
</td>
<td valign="top" width="85">
2428
</td>
<td valign="top" width="85">
Studio and 1
</td>
<td valign="top" width="96">
669
</td>
<td valign="top" width="85">
$249,000
</td>
</tr>
<tr>
<td valign="top" width="109">
Batehaven
</td>
<td valign="top" width="85">
2536
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
666
</td>
<td valign="top" width="85">
$260,000
</td>
</tr>
<tr>
<td valign="top" width="109">
Nambucca Heads
</td>
<td valign="top" width="85">
2448
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
663
</td>
<td valign="top" width="85">
$445,000
</td>
</tr>
<tr>
<td valign="top" width="109">
Belmont
</td>
<td valign="top" width="85">
2280
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
658
</td>
<td valign="top" width="85">
$419,500
</td>
</tr>
<tr>
<td valign="top" width="109">
Hawks Nest
</td>
<td valign="top" width="85">
2324
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
630
</td>
<td valign="top" width="85">
$269,000
</td>
</tr>
<tr>
<td valign="top" width="109">
Jindabyne
</td>
<td valign="top" width="85">
2627
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
616
</td>
<td valign="top" width="85">
$228,000
</td>
</tr>
<tr>
<td valign="top" width="109">
Casino
</td>
<td valign="top" width="85">
2470
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
585
</td>
<td valign="top" width="85">
$169,000
</td>
</tr>
</tbody></table>
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-yamba-121471382" target="_blank">2/40 Beachside Way</a>, Yamba (above) was sold for $375,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-yamba-122024418" target="_blank">1/75 Park Avenue</a>, Yamba (below) was sold.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/24/1_75%20Park%20Avenue.jpg" alt="">
 
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j.ballantyne1990-6AQqhLzZaK

Yamba the slowest New South Wales locality to sell a unit: Investar

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A property syndicate is seeking offers for a renovated beachside motel in Yamba.
It has been fully leased to workers connected to the $4.36 billion Woolgoolga to Ballina motorway upgrade through to 2020 and beyond.
The West Wing property, located at 2 Coldstream Street, comprises 14 lettable rooms across two levels, complete with shared kitchen and living facilities.
The property is currently enjoying 100 per cent occupancy.
The property sits on a 1,005sqm freehold lot, which has current approval for a four bedroom dwelling in addition to the motel, with the potential for further development under the site's medium density residential zoning.
The property is being marketed by Darrell Irwin and Geoff Lamb of Colliers International with an asking price of $1.725 million.
Mr Irwin says the property will attract purchasers looking to capitalise on the reliable tenancy provided by some of the 2,500 workers engaged to complete Australia's largest regional infrastructure project, in the North Coast's growth corridor.
"This is a rare opportunity to secure a property with multiple revenue streams in a tightly held location," he said.
"Yamba will surge in value once the motorway access is complete providing quicker access to Yamba for the South East Queensland population.
"There is a virtually guaranteed income through current worker occupancy and beyond that there is strong demand from tourists looking for convenient coastal accommodation in the popular Yamba village.
"During the holiday season Yamba's resident population of about 7,000 people virtually doubles as people from across New South Wales and South East Queensland visit for an affordable and family-friendly getaway.
"There is capacity for the land to be subdivided to add a four bedroom dwelling, or the purchaser could potentially redevelop the site to deliver new residential apartments or a boutique hotel.
The property is located on Yamba hill  with panoramic views of the ocean and hinterland.
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Yamba motel listing capitalises on $4.36 billion roadworks upgrade

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Horse owner Greg Ingham and wife Barbara have listed their redundant Yamba retreat in northern New South Wales due to being based overseas.
Ingham, the owner of gelding Chatauqua, paid $2.85 million for the <a href="https://www.realestate.com.au/property-apartment-nsw-yamba-126147662" target="_blank">beachfront apartment</a> known as On The Rocks in 2009.
Ray White Yamba agent Daniel Kelly and Barry Quinn at Ray White Rural Brisbane have set a September 15 auction date.
They are advertising the two level On The Rocks unit as one of the finest properties Yamba has to offer.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/25/2_6%20Ocean%20Street-2.jpg" alt="">
The proceeds could possibly go to the pricey entry to the upcoming Everest race at Royal Randwick.
It will stand as the most expensive race in the world on turf, with the winner grabbing $10 million. Entry is pricey however at $600,000.
The TJ Smith Stakes winner is set to be ridden by Sydney jockey Tommy Berry.
Chautauqua heads into the race as the $4.80 favourite.
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firstname1-iYD4UYzvBa

Horse owner Greg Ingham lists Yamba beachfront apartment

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Tru Blu Prawn Farm, Australia's first prawn farm near Yamba in Northern New South Wales, has hit the market.
Tru Blue sits on the banks of the Clarence River at <a href="https://www.propertyobserver.com.au/http://www.websternolan.com.au/node/288" target="_blank">371 School Road, Palmers Island</a>.
The family business began in the early 1970s when founder Frank Roberts began converting his sugarcane farm into a shrimp farm.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/6/Prawn2.jpg" alt="">
Spanning 37 hectares, the property is fully licensed for shrimp and fish farming, with over 300 metres of deep water frontage on the Clarence River.
Tru Blu has an annual production of around 140 tonnes of premium black tiger prawns.
There's a retail outlet on the property to service the local community, as well as a high tech income producing hatchery and processing facility.
Tender closes July 24 through Webster Nolan Real Estate agent David Nolan.
 
 
 
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jrobinson-rf4aSBido9

Australia's first prawn farm for sale in Northern NSW

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A long held Yamba trophy home sold for $700,000 at auction last weekend.
Located at 62 Yamba Road, Yamba, is a historical cottage with waterway frontage.
It came with views of the Yamba Marina.
Set on a 1423 sqm block, the four bedroom two bathroom home features living spaces with access to deck space on three sides of the home.
It has a gazebo overlooking the waterway.
<img src="https://www.urban.com.au/images/2018/8/29/Marina%202.JPG" alt="">
The home has timber flooring throughout.
It is just a 15 minute walk from the CBD.
The listing was sold by Daniel Kelly of Ray White.
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Yamba trophy home sold for the first time in decades

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At Yamba on the NSW far North Coast, <a href="https://www.realestate.com.au/sold/property-house-nsw-yamba-130116278" target="_blank">Atherstone</a> was sold for $1.81 million on the long weekend.
It sold through Ray White agent Daniel Kelly. 
The Yamba Hill four bedroom, three bathroom holiday home was offered to the market for the first time since 1981.
Kelly advised there had been over 200 inspections, with the 13 registered bidders placing 42 bids.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/31/yamba%201.jpg" alt="">therstone is
It was described by Kelly as a classic Queenslander style residence.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/31/yamba%202.jpg" alt="">
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jchancellor-FAypfDUnLy

13 bidders see Yamba's Atherstone sell

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A beachside Yamba home in coastal northern New South Wales is on the market for the first time in almost 40 years.
The four bedroom, three bathroom residence located at 1 Church Street is a family-sized beach house.
Atherstone is described by Ray White Yamba agent Daniel Kelly as a classic Queenslander style residence.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/20/Yamba%202.jpg" alt="">
Mr Kelly said, relevant sales in the area suggest the value of the property "should sit somewhere above $1 million.”
Yamba is roughly 3 hours to the Brisbane CBD, 2 hours to the Gold Coast, and 8 hours from Sydney or a 1 hour flight.
Aetherstone is situated within a short walk of beaches, cafes, restaurants and the famous Pacific Hotel.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/20/Yamba%203.jpg" alt="">
Mr Kelly said "the owners have given very clear instructions to sell now."
The home goes to auction January 27.
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