Byron Shire Echo – Issue 30.35 – 10/02/2016

Page 21

Property

www.echo.net.au/echo-property on their knowledge to help you make a determination as to how much you are willing pay for a property. *Property Insider covered the new underquoting laws in an article published in The Echo on January 27.

that have remained on the books for a while sell in this competitive market, especially in the house and small acreage field. ‘It’s pleasing to see that more stock is at last coming to the market. Perhaps a combination of selling for more than the It’s one of the biggest, if not low interest rates, RBA still the biggest, financial decisions asking price or well above on hold, the metropolitan the reserve if the property is GNF Bangalow were certainly markets slowing with local in your life. You don’t want sold at auction. This is when not on holiday during the ‘sil- vendors motivated to list to make a mistake! But how it gets tricky to know how do you know how much is ly season’, say Chris Hayward before winter.’ much to pay. too much? Agents will point and Ali Page, and they say it Out in ‘them thar hills’, Chris you in the direction of recent Firstly, the longer you plan to doesn’t look like it is going to Hayward has experienced a sales. In consultation with the own a property you purchase let up any time soon either. huge amount of interest in vendor, it is recent, compathe less subject you are to ‘Business was brisk in the the Corndale and Eltham rable sales that determine a short-term market correclater half of 2015 and convalleys and the Federal/ price at which a property will tions. Therefore the more tinues into 2016. GNF had Rosebank areas. ‘A number come onto the market. Under confident you can be that some rural lifestyle properof properties were listed the new underquoting laws* if you have paid more than ties selling within a couple and sold in the same week. that came into effect in Janu- the reserve or paid a ‘record of weeks, and people are The demand for original ary this year the price, or price price’ it may mean very little going nuts over macadamia Queenslanders or character guide, should be a reasonable over time. Agents are also an income-producing farms. farmhouses with renovation indication of what a property incredibly valuable source Residential Bangalow prop- potential is enormous.’ is worth in that market. of information. Many have erties continue to be hard to It would seem the market is been working in the area for find and easy to sell.’ However what about in a not only strong in sales but rapidly upward-moving mar- years and have seen markets Alli Page has seen listings in rentals as well. GNF are wax and wane. They may ket? Signs of a ‘hot market’ experiencing strong include: increased number of also be very familiar with enquiry on both resithe properties that have been registered bidders at aucdential and commertions, high auction clearance used as the comparisons cial properties. rates, strongly attended open to determine value. If they ‘We are receiving so are not, then speak with the homes, a fall in the average many requests for number of days that proper- agent who handled the sale rental properties in of that property. Most agents ties remain on the market and around Bangalow are only too willing to pass before they sell, properties

Property insider

SO LD

Looking to buy? How much should you pay?

and a record number of commercial space enquiries. We have an extensive database of prospective tenants who are searching and keen to move in as we speak,’ says property manager Stephanie Soo. You know you’re doing things well as a property manager when one tenant says, ‘Even when we have built our own place, I think I’ll have to buy some investment properties here so I can keep hanging out with the crew.’ That’s exactly what David H, a tenant in one of of the properties managed by Byron Bay Property Sales, has said. The ‘crew’ are Jodi and Lisa (pictured), the friendly permanent rental specialists at Byron Bay Property Sales. They specialise in the management of luxury properties,located in some of Byron Bay’s most idyllic locations. Each has worked in the real estate industry for many years and joined the team at Byron Bay Property Sales two years ago. They are known for their friendly approach-

able style and their extensive knowledge of the area and the market. Being a property manager you need exceptional problem-solving skills and a ‘can do’ attitude. Lisa and Jodi say their focus on placing quality tenants into the properties they manage results in high rental returns for their owners. ‘We enjoy what we do, and

8 Crest View Key, Broadbeach Waters

love the feeling of excitement from both owner and tenant when a good match is made. We aim to build an excellent relationship with everyone we deal with.’ – Lisa. HAVE ANYTHING TO LET US KNOW ABOUT? Any new faces? Career milestones? Exceptional results? Market observations? Have you had anything quirky or unusual happen to you out in the field? Email propertyinsider@echo.net.au.

3/67 ARMSTRONG STREET, SUFFOLK PARK

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Beachside entry level property! Only minutes walk to beach and Suffolk Park shops Open plan living/dining, neat kitchen Large bedroom and renovated bathroom Front and rear courtyards, single lock up garage This charming property is an opportunity not to be missed

Enquiries: Auction:

Luke Elwin 0421 375 635 | Su Reynolds 0428 888 660 Sold Prior to Auction

46 BROKEN HEAD ROAD, NEWRYBAR

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Excellent Value in Newrybar Fantastic entry level home on 2685m2 in exclusive Newrybar Feeling of elevation with beautiful, vast rural outlook Open plan living with high raked timber ceilings Separate 1 bedroom granny flat + 2 room work studio Walk to Harvest Café, few mins drive to Broken Head beach

Open: Auction: Enquiries:

Saturday, 13 February 10.00 – 10.30am $700,000 to $750,000 Su Reynolds 0428 888 660 | Tara Torkkola 0423 519 698

35 Fletcher Street Byron Bay 2481 | call 6685 8466 sales@byronbayfn.com | byronbayfn.com.au

North Coast news daily: www.echonetdaily.net.au

The Byron Shire Echo February 10, 2016 21


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