Local house prices have dropped by an average of 6.6%

HOUSE prices in the Clarence Valley have dropped by an average of 6.6% in the past year, but the trend might be slowing, according to figures from the NSW Real Estate Institute.

The figures, released late last month tracked the prices of houses sold in the 12 months to September 2012, revealing an overall drop in prices in that period.

Yamba prices fell the most, dropping 18.1% in the period. South Grafton prices fell 7.4% and Grafton 5.4% in the same period.

The good news is in the three months from June the fall started to bottom out.

The rate of decline stalled in Grafton, and in Yamba it fell on 2.53% in the quarter.

However, other areas such as the South Coast and the Mid North Coast have experienced steady and sustained increases.

REINSW CEO Tim McKibbin noted house prices in regional areas across the state remained steady in the three months prior to September.

"However, as is the case in the Sydney metropolitan area, prices are still down on those recorded 12 months ago," he said.

The rental market was also patchy in the same period.

The report said some regional markets continue to experience a tight rental market, with the vacancy rate in the Murrumbidgee, Northern Rivers and Riverina areas all substantially down on their levels of 12 months.
 

Topics:  house prices, market, real estate



Local Real Estate

Featured Real Estate
Low Maintenance Living... $440,000
House 3 1 1
Magnificent Ocean and... $435,000
House 2 1 1
Waterfront Home with... $525,000
House 4 2 2
Van & Boat Owners this... $449,000
House 4 2 2
STEEL FRAME HOMES OWNER... STEEL FRAME HOMES OWNER BUILDERS Great deals to suite each Individual. Quality, ...
Fully Renovated 3... $729,000
Unit 3 2 1
Ocean, Broadwater and... $649,000
House 4 3 2
FULLY SELF CONTAINED MOD... FULLY SELF CONTAINED MOD HOMES $14,990K for 6 x 2.4 x 2.5m ...
Ground Floor Kirra... $279,000
Unit 2 1 1
House Sized Duplex with... $399,000
House 3 2 2

Featured Jobs

finda logo

Tweed jobs listed daily

Featured Jobs
Diesel Mechanic Murwillumbah Full Time
ballina shire council... ballina shire council PLANT OPERATOR Competently and efficiently operate a variety of ...
TIPTRUCKDRIVER Byron Bay Full Time
Aquamarine Personalised... Aquamarine Personalised Home Care Caring people needed to provide in-home non-medical support ...
... join us on the... $65177.00
... join us on the beautiful NSW north coast, enjoy flexible work ...
Professional Qualified... Tweed Heads Full Time
RN Tweed Heads Part Time


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Virgo

You may be cornered into making a decision and this is not good. Await more favourable transit before signing on the dotted line.  You...

read more

Marketplace

Special Offers & Promotions

Compare & Save