Casino Property Factsheet 1st Half of 2019

The median house price in Casino for Q4 2018 was $315,000 and the median unit price was $317,000. It is quite unusual for a median unit price to sit above a median house price; in this case it is attributed to just 5 unit sales in Q4 2018. These median prices represent annual (Q4 2017 – Q4 2018) price growth of 16.7% and 73.9% respectively. The Casino 2^nd Half 2018 Research Factsheet reported annual (Q2 2017 – Q2 2018) price growth of 32.0% (house) and 15.0% (unit). by comparison, houses in Casino have become more affordable, while units have become more expensive.

The median house rental price in Casino was $330 per week as of Q4 2018, while units achieved a median of $220 per week. This represents annual (Q4 2017 – Q4 2018) price growth of 10.0% (houses) and 11.1% (units). At the same time, rental demand grew by 45.9% (houses) and 10.0% (units). This indicates a healthy rental market in Casino, as does a low vacancy rate of just 1.1% (as of December 2018); far below Sydney Metro’s 3.6%.

From the 2^nd half of 2018 to the 1^st half of 2019, the Richmond Valley LGA is set to invest approximately $72.7M in projects. Richmond Valley Council is ready, willing and able to cater for new investment; from start-ups to expansion of an existing business. Council’s strong focus on community capacity building, economic development, strategic planning and youth employment goes a long way in promoting the Valley as a genuine place to do business, which in turn helps local establishments to succeed and be profitable. The Council has a proactive philosophy to help develop, promote and support all businesses, industries and agriculture sectors with a view to providing local employment opportunities.