Recovery Optimism in Lennox Head and Ballina8 April 2021
As the Northern Rivers slowly emerges from the COVID-19 crisis, real estate is one of the markers of the recovery.
If the experience of Elders Bangalow and Lennox Head is typical, the signs are looking very good, with buyer sentiment strong and vendor confidence returning to the local market since the ban on open homes and auctions was relax
Licensee-in-Charge Nick Bordin told Echonetdaily, ‘Our market experienced a short-term pause, but buyer and seller confidence is now up, which is largely due to our region offering better affordability and a more alluring lifestyle for those seeking to escape major cities. Add to this record low interest rates and stimulus packages driving the economy, and it’s a recipe for a strong rebound.’
Mr Bordin said the reports of realestate.com.au show that search enquiries for Northern NSW have actually increased since COVID-19, and not just for Byron Bay, but other desirable areas including Bangalow, Lennox Head, Skennars Head, East Ballina and the hinterland villages.
‘The good news is our recent results show there are great opportunities for sellers in our market to take advantage of strong buyer interest,’ said Mr Bordin. ‘We have vendors who have been waiting for the dust to settle to list their property and are now feeling more confident about taking their property to market because of the buyer demand we’ve seen.
‘Overall, we feel very positive about the real estate sector in our region post-pandemic.’