(+22%), Tweed (+18%) and Richmond Tweed (+14%), as well as compared to the wider North Coast which saw a 25% increase over the last year. Clarence Valley’s 2021 median dwelling price of $665,000 is slightly less than the North Coast median of $688,000. It is noted that dwelling prices would vary across Clarence Valley with areas of higher demand and amenity having higher prices. The strategic location of Clarence Valley coupled with its comparatively higher dwelling affordability compared to other LGAs in the North Coast positions it to become an attractive place to live and capitalise on the decentralisation and remote work trends. As overseas migration returns to pre-pandemic levels this is likely to further increase population growth rates in the Clarence Valley. These new residents will require employment opportunities and access to good and services. This would increase demand and importance of employment lands across the Clarence Valley. Table 3: Annual median dwelling sale price growth rate 2018-21 (March quarter) LGA
Median dwelling sale price ($,000) 2018
2019
2020
Annual % growth in median sale price
2021
2018-19
2019-20
2020-21
Ballina
$910
$870
$885
$1,400
-4%
2%
58%
Bellingen
$639
$577
$653
$795
-10%
13%
22%
Byron
$530
$560
$595
$700
6%
6%
18%
Clarence Valley
$513
$533
$606
$665
4%
14%
10%
Coffs Harbour
$490
$493
$510
$630
1%
3%
24%
Kyogle
$402
$376
$405
$510
-6%
8%
26%
Lismore
$389
$390
$414
$455
0%
6%
10%
Richmond Valley
$292
$303
$345
$395
4%
14%
14%
Tweed
$288
$284
$340
$360
-1%
20%
6%
North Coast
$479
$492
$549
$688
3%
12%
25%
Source: FACS rent and sales tables, prices are medians for each LGA and do not show variances across different locations within each LGA
P22016 Clarence Valley Employment Lands Background
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