Sunday 27 September 2009

Casino and Grafton winners in house price growth according to ANZ September 2009 rural & regional quarterly report


Snapshot from ANZ Rural and Regional Quarterly 23 September 2009

According to the ANZ Rural and Regional Quarterly 23 September 2009 non-residential and residential building approvals are weak across the NSW North Coast and are falling back towards 2001 levels. Existing dwelling slae prices have also fallen in Coffs Harbour and Byron Bay.

However, the median house price in Casino and Grafton has risen by 5-6% in the last twelve months. In part due to the fact there appears to be more housing stock on the market under $350,000 potentially attracting buyers eligible for the First Home Buyers Grant.

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