Ballina Shire residential property market strengthened in late 2019: HTW Residential
The residential market throughout the Ballina Shire began the 2019 year somewhat slowly.
It came after heated market conditions throughout 2016, 2017 and early 2018, according to the December 2019 report from Herron Todd White (HTW).
The valuation firm found that while market conditions were comparatively slow, no noticeable falls in value levels were experienced.
In the second half of 2019 there was a moderate increase in market activity, however local agents still report that listings need to be priced appropriately for any interest to be generated.
"The prestige market in the sought after coastal locations of Lennox Head, Skennars Head and East Ballina as well as the sought after rural localities towards the north of the Shire remain strong which can be partly attributed to the recent upswing in the Sydney and Melbourne markets," HTW said.
"Local agents report limited stock available for sale across this market segment, creating some upward pressure on value levels, however again listings need to be priced appropriately."
