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Market ‘not dead’

02 Feb, 2012 10:17 AM
NARACOORTE First National Real Estate has moved to correct claims that the town’s high end housing market is dead.

Another Naracoorte-based agent said in an article in last week’s Herald that the higher end of the housing market in Naracoorte had come to a complete halt.

But First National Real Estate’s Diana Edwards said that wasn’t the case at all.

Two houses in the price bracket between $501,000 and $800,000 sold last year, compared to figures quoted in last week’s article that showed 0 houses were sold.

Other figures were also incorrect - more houses had been sold in 2011 than it had been claimed.

Twenty-one houses in the price range of $101,000 to $150,000 sold along with 21 houses in the price range of $201,000 to $250,000.

Nine houses in the price range of $301,000 to $400,000 sold along with four houses in the price range of $401,000 to $500,000.

Mrs Edwards and her co-owner husband Brian said the market in Naracoorte was not that bad compared to other areas in the State.

“Yes the top end has been tighter but it’s not all doom and gloom,” Mrs Edwards said.

“We are luckier than a lot of other areas and it’s important to remain positive.”

Mr Edwards said things had certainly “tightened up” over the last few years but Naracoorte is a great town and there are plenty of positives.

“Appraisals, working with a vendor and meeting the market with correct pricing is really important,” he said.

Figures used in last week’s Herald were supplied by the Real Estate Institute, complied from figures supplied from the valuers generals department.

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Naracoorte First National owners Brian and Diana Edwards said the higher end of the housing market has “tightened but hasn’t come to a complete halt.
Naracoorte First National owners Brian and Diana Edwards said the higher end of the housing market has “tightened but hasn’t come to a complete halt.

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