Real Estate Yamba NSW Daniel Kelly
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What makes Yamba a desirable coastal property location?
It's the Real Estate Podcast brought to you by Ray White, the largest real estate and property group in Australasia. And welcome to another episode of the Real Estate Podcast. And we're talking to Daniel Kelly from Ray White, Yamber and McLean. Welcome to the Real Estate Podcast. Thanks, Craig. Pleasure to be with you. Boy, it's a nice part of the world that you're in. We're extremely fortunate, Craig, to live where we do here on the north coast of New South Wales. It's a very beautiful part of the world. We've been made very obvious to us during the course of COVID especially. We've managed to keep the majority of our freedoms and enjoy this beautiful coastal town that we have here. Now, the thing is, not only you have noticed how beautiful it is and the locals have noticed how beautiful it is, but people outside of the area have noticed as well.
So there is a bit of a increased demand for coastal properties at the moment in your area. Tell me a little bit about what's going on there. Yeah, it's exactly right. It's probably not necessarily so popular in the eyes of locals. They've had to compete a little bit harder for property than what they might have been used to in years gone by. But the secret of what's so great about our area is certainly out for those buyers from the likes of Sydney and Melbourne. We've seen more interest from those two areas in the last 12 months than we've ever seen before. It has created a change of environment, I suppose, for our local market, posed a couple of challenges for locals along the way in terms of having an understanding of how the market is now performing, the strength of it, and that's been a fairly sudden shift.
So for us locals, we tend to have a bit of a habit, I guess, of looking at the market today referring to what it was 12 months, two years ago, and obviously things have changed. Whereas buyers from outside of the area tend to come into our area with a fresh set of eyes and look at it and understand that for a coastal area, our marketplace still offers very good value for money relative to other places. You know, Yamba and McLean, like a lot of other coastal areas, What has happened with COVID, I think, has made people living in the cities, the metro areas, I think they've re-evaluated their lives totally, you know, and they've thought, let's get out of the rat race. And suddenly you're looking at these coastal areas and
And the price point is completely different. And even if they're paying sort of top dollar in your area, it's a lot more value for money than what they would be paying where they are. So that's a bit of an adjustment, isn't it? That's like that's a mental adjustment for locals, particularly wanting to buy in perhaps first time homeowners. it makes it a little bit more difficult. But there is a sort of realignment, if you will, in terms of the mindset, because you're going to have to catch up with that to be competitive. Very much so. I think you've pretty well hit the nail on the head there. I mean, while our market has seen fairly significant uplift in the last 12 to 18 months, when you look at average sale prices in the city areas versus average sale prices in regional areas such as ours,
There's a very real ability for those buyers in the city areas to sell what they have, come and purchase here and in fact, still have money left over. And I guess what COVID has taught us is just the value of home and where we live. So I think, you know, the last 12 months, there's been a really significant shift from buyers perhaps owning real estate for the sake of suiting work life and whatever else might come with it. But all of a sudden, it's been more about lifestyle and where you live, what you actually do outside of work times. And obviously, for an area like ours, we're surrounded by a river and national parks and beaches and everything else plays a really big role in the area that you enjoy in your downtime.
You know, the locals that are listening to this podcast right now are saying, Daniel, what are you doing?
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