CAROLINE Kearney from Elders Real Estate in Murwillumbah with some of the
CAROLINE Kearney from Elders Real Estate in Murwillumbah with some of the "bargain" homes the town has to offer.

Bargains galore

By PETER CATON

IT is affordable, the town has all the services and people are still buying houses.

Murwillumbah is where house prices have remained steady, unlike Sydney where prices have fallen.

Yet local real estate agents say the town still offers bargain-priced homes compared to areas like Brunswick Heads and Bangalow.

Although some properties are taking time to sell, agents say the housing market in the Murwillumbah area is still reasonably busy.

Earlier this week, it was revealed Sydney house prices had fallen up to 15 per cent this year and sales in the NSW capital were at their lowest level for more than 15 years.

The proprietor of Elders Real Estate in Murwillumbah, Peter Wade, said the market had returned to normal but compared with other areas, the town offered good value.

Older three-bedroom homes, he said, could be picked up for $250,000 to $270,000 compared to more than $500,000 in areas like Brunswick Heads.

Mr Wade said customers were also still coming from "all over", including the Gold Coast and from Sydney.

While some vendors who had priced their homes too high for the market had reduced their prices, he said prices overall had not fallen.



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