Lismore Real Estate is flying along, even in winter following a quiet few weeks in March when COVID forced our short lockdown phase.

In fact, the word from Real Estate Agents is "we need more houses on the market!"

Sharon Dowling from The Professionals Lismore told the Lismore App that buyers are lining up to purchase properties at the moment but there is a shortage of properties for sale. "There is a lot of confidence in the Lismore area", Sharon said, "but finance is taking longer to be approved".

For Sharon and her team the strength is across the board with properties in the $250,000 to $300,000 range being bought by investors and home buyers looking to buy in the $500,000 to $600,000 range.

This was supported by Robert Horder from PRD Real Estate, "we are seeing the majority of buyers in the $400,000 to $550,000 price range", Robert said.

"Prices have been moving up slightly because of the shortage of supply. If people were thinking of selling, now is the perfect time"

Andrew Gordon from R Gordon & Son Real Estate explained that the East Lismore/Girards Hill location is sought after and showing strong price growth.

"To buy a block of land and build can still cost people $600,000 or $700,000. This is why the second hand property market is so strong", Andrew said.

An indication of the growth in the Lismore property market is an owner purchasing an East Lismore property in 2013 for $290,000 while selling it for late $400,000's today.

The final word from Andrew Gordon, who said "The great Aussie dream is still within reach in Lismore and surrounding areas"