Edition 36
By Christine Tondorf CALLS for a solution to the Northern Rivers housing emergency are growing louder, as the latest data reveals how desperate the shortage of residential properties on the North Coast has become. Local real estate agents, on the coalface of the crisis, are
March 11, 2021
calling for the release of more residential land, otherwise they believe the situation will become even more dire. The Domain Rent Report for the 2020 December quarter, just out, shows that housing affordability is declining across Australia, but in Northern New South Wales the situation is exasperated
NorthernRiversTimes
by an exodus of city people wanting to move to the area. The Richmond Valley has recorded one of the steepest rent increases in the state in the last quarter, going up 14.3 per cent in one year, meaning the average weekly rental cost was $400 in December, up $50 on December 2019 – an overall increase of 37.9 per
Please see my contact details below:
Authorised by K Hogan MP, National Party of Australia - NSW, 63 Molesworth Street, Lismore NSW 2480
cent compared to December 2015. Jenny Pedrini from George & Fuhrmann Real Estate in Casino says she’s experienced unprecedented inquiries from both potential buyers and renters since the pandemic hit more than 12 months ago. “This has prompted people to really think about where
Advertising Ph: 1300 679 787
they want to be. Do they want to live in a more country town like Casino or Lismore,” she said. Ms Pedrini says the outbreak had led scores of city people to seek either a tree or sea-change in regional Australia. Continued page 7 ☛