Brett Wortman

Sales on improve

McGRATH Coolangatta/Tweed has had a record November, with $9.6 million in sales throughout the month.

This was 325% above the sales of the same time last year.

McGrath Estate Agents CEO John McGrath said a spike in sales across the company's 62 sites reflected an ongoing increase in buyer confidence.

He said a dozen of their offices made record sales this November.

"It's encouraging to see such diverse buyer activity across all price segments as it gives a true barometer of the market," Mr McGrath said

"There is definitely a cascading effect upwards, buoyed by investors, upgraders and downsizers."

LJ Hooker Coolangatta Tweed licensee Peter Walmsley said while it had been a strong year, he wouldn't describe the market as "booming".

"I wouldn't say it's been a bumper year," Mr Walmsley said.

"The year's been a lot better than the last couple of years, but there's certainly room for improvement."

Mr Walmsley said homes under $500,000 were selling faster due to lack of stock.

He said the next few weeks would be typically slow, as few people were keen to buy a home over Christmas.

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