Midyear state of affairs: A closer look at the country’s markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
Property prices have risen by 9.2 per cent in the far north New South Wales coastal town of Yamba in the six months to June 2010, new research by PRDnationwide has found.
According to a new report, the median house price in the Great Yamba Area, which includes the suburbs of Yamba, , Wooloweyah and Angourie, reached $415,000 – up $35,000 for the six months to June 2010.
In addition, the unit market also performed well, with median prices soaring 9.3 per cent in the 12 months to June to sit at $333,500.
“This strong growth in median price can be attributed to a transition of active buyers within the marketplace, with the bottom end of the market (first home buyers) stalling and the top end performing relatively well,” PRDnationwide research analyst and report author Josh Brown said.