No boom in Northern Rivers: agents
DESPITE reports that building approvals in the Northern Rivers region have grown dramatically local real estate agents aren’t buying it.
A recent release from The Housing Industry Association reported that growth of building approvals over the three months to January 2010 in the Northern Rivers region had increased by 105.9 per cent.
According to HIA Regional Director, Gold Coast/Northern Rivers, Colin Buttenshaw, during that timeframe building approvals across the two regions were at a level of 982 which is 51 per cent up on the same period a year ago.
“It is a big relief to see building approvals on the increase and that means jobs for our trades and apprentices.” Mr Buttenshaw said.
However, not all local real estate agents have seen the increase.
Brian Warrick of Wal Murray Real Estate at Ballina said the sale of blocks of land has continued on a steady progression.
“It’s never really eased off,” he said. “We are selling quite a few blocks at Ballina Heights and Angel’s Beach.”
Further south at Evans Head land sales are even quieter according to David Mason of Evans Head First National.
“It (increase in land sales) hasn’t happened here,” he said. “Our sewer contributions are about to go up which I think will stifle development.”
Even in Lismore it’s all quiet on the land sale front, according to Bruce Supple from Patch and Taylor Real Estate.
“We haven’t had anything to sell,” he said. “We have sold some blocks at Richmond Hill.
“Out of thirteen blocks we have four left and we started selling them in 2008.”
The only difference seems to be out further west at Casino.
Jenny Pedrini of George and Fuhrman Real Estate told a very different story, more in line with the HIA.
“I am associated with the subdivision in the Coolibah Estate,” she said. “And from 22 lots we have sold half already.