Clarence Valley’s new $1m properties revealed
It used to be a rarity, but paying $1m or more for Clarence Valley property is becoming more common. Here’s why an agent thinks the top price represents a good investment.
Property
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Yamba Ray White licensee Daniel Kelly says the once coveted $1m mark is being seen more regularly and becoming more accessible for properties in Yamba.
Mr Kelly said the milestone was also becoming more common away from the shoreline, with some properties Maclean hitting the mark.
He said coastal properties that had previously gone for $1m were now fetching $2m and above.
“It’s a bit of a cascading effect as you work your way inland,” he said.
Mr Kelly said there were more buyers looking in the area for properties in the million-dollar price range.
He said they would start closer to the coast or the CBD and depending on their budget would compromise on price by considering options further out.
He said $1m properties were still excellent investments and had become more accessible through low interest rate.
“Particularly with buyers from out of town, Yamba is still cheap – look at our average sale price compared to places like Byron,” he said.
“Sometimes the locals will look at the property values in town compared to what it was a few years ago, where buyers come on comparing it to other areas.”
Mr Kelly said an increase in sales could encourage people to invest in their houses, or build higher-quality homes, with the reassurance the money was there for those types of properties.
“It’s a confidence thing, even prior to the start of Covid the fact no property in Maclean had cracked the $1m mark meant buyers were reluctant to renovate,” he said.
“Now with the confidence on the back of those sales they are looking to get stuck in or build something more extravagant.”
Mr Kelly said the message was clear to sellers – the real issue was a lack of stock.
“So for the seller, you’re dealing with buyers who don’t have much to choose and that’s a great thing for the seller.”
Take a look at some properties in the area have sold for more than $1m since the start of the financial year.
41 Roderick Street, Maclean – $1.14m
Set on a 5362m2 block which is tucked away in a serene location the home offers 4 bedrooms and has gone through some recent renovations including new kitchen and bathrooms, new lighting and more.
The master bedroom boasts an ensuite, walk-in-robe and a sliding door with direct access onto the covered veranda.
14 Beach St, Yamba – $2.666m
The prime piece of Yamba CBD real estate featured three bedrooms and a flat at the rear.
The 1501 sqm site featured frontage to three streets.
26 Beach St, Yamba – $1.65m
The prime 758.8m2 site in the heart of town featured medium density zoning and the potential for development.
Also featured access from two streets.
4 Harbour St, Yamba
The 784m2 site featured a solid three-bedroom home.
It was also zoned for medium density residential purposes.
16 Mariners Way
The rendered three-bedroom brick home was set on a north facing 1151 sqm block of near level land.
It also featured a wide boat ramp, jetty, pontoon and deep water for a substantial boat
21 Mariners Way
The home featured three bedrooms and two bathrooms on a 914.1sq m block.
5 Nabilla Court, Yamba – $1.395m
The home was set on 823sq m and offered just under 300sq m of living space with three bedrooms.
It also featured an outdoor deck on the water’s edge.
48/20-21 Pacific Parade, Yamba – $1m
The apartment in The Sands resort featured captivating ocean views.
The balcony overlooked Pippi Beach and out towards Angourie.
29 Queen St, Yamba – $1.615m
The Queens Street home was held in the same family since construction in the mid 1970s.
It was in a medium residential zoned area with frontage to two streets.
It was also only 220m to main street shops, including a pharmacy, banks, post office, cafes and food stores.
67 The Drive, Yamba – sold for $1.245m
With Pippi beach close by and just a short stroll to Yamba golf course and the town centre, the three-bedroom, two-bathroom home provided coastal living at its best.
It featured open plan living spaces that opened out on to the covered entertaining area and fully fenced back yard.
72 Wooli St, Yamba – $1.21m
Directly opposite Yamba’s Ford Park, it was a property with potential like no other.
It featured an 860sq m block with medium density zoning and side access.
The recently refurbished four bedroom home featured a large bathroom that had just been renovated as well as a kitchen, dining and living area with river views.
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