Coastal Buys Magazine March 2024

YOUR LOCAL REAL ESTATE MAGAZINE

‘HOUSE OF SAKANA’ ON CYLINDERS

MAKE A SPLASH WITH A POOL

TWEED VALLEY HOSPITAL OPEN DAY

Witheriff Group provides a bespoke real estate service for clients seeking an enviable coastal lifestyle.

We specialise in beachfront family homes to coastal apartments, and we are here to help you buy and sell your dream property in the Kingscliff & Casuarina region.

Our team brings together leading-edge, award winning real estate agents, all united by a vision to do things differently. We’re experienced in the deal and quick to react. While we work fast and react quickly, it’s always with strategy, foresight and clarity. Our ability to push

the boundaries on what can be done and how it should be done has seen us become one of the most sought-after voices in northern New South Wales

IF YOU ARE LOOKING TO SELL PLEASE CONTACT US TODAY!

Nick Witheriff

DIRECTOR

HEAD OF WITHERIFF GROUP

TOP 5% LJ HOOKER

0405 618 477

Brian Dangerfield

ASSOCIATE DIRECTOR

(SALES) - WG

TOP 5% LJ HOOKER 0418 962 548

Denise Dangerfield

If you would like a free appraisal or have any questions about the Kingscliff & Casuarina area, please don’t hesitate to contact us today.

We are...

ASSOCIATE DIRECTOR (SALES) - WG

TOP 5% LJ HOOKER 0418 962 548

Jordan Brown

ASSOCIATE DIRECTOR (SALES) - WG

TOP 5% LJ HOOKER 0455 579 014

Peta Hunt

DIRECTOR OF COMPLIANCE & SALES ASSOCIATE - WG 0433 918 079

Carol Witheriff

CO FOUNDER / ASSOCIATE

DIRECTOR OF SALES - WG 0413 056 405

Bella Johnson

OPERATIONS MANAGER & HEAD OF MARKETING – WG 0468 822 077

WELCOME

Welcome to the March edition of Coastal Buys.

In this edition, we will explore a unique house of the month at 37 Cylinders Drive, Kingscliff, meet finance broker Adam Wallace-Harrison from Loan Market Excel in our spotlight feature, and discover the benefits of adding a swimming pool to your property.

Oliver Dunstan from Rose & Jones explains what a buyer’s agent can offer prospective buyers and we have all the latest CoreLogic market statistics.

You will find important updates in our news section, including a chance to have your say on the future of the

IN THIS EDITION

HOUSE OF THE MONTH

‘House of Sakana’ on Cylinders

CREDITS

Publisher

Alice & Co Media and Communications

Alice Coote - hello@aliceandco.com.au

Editorial & Advertising Enquiries

Alice Coote - info@coastalbuysmagazine.com.au

Tweed and a NSW State Government proposal to restrict short-term accommodation, as well as details about a Community Open Day at Tweed Valley Hospital. Our website is the place to go for bonus content including exclusive video tours, interviews and breaking news stories.

We hope you have a relaxing Easter break with family and friends, and enjoy this edition of Coastal Buys - the home of luxury coastal living.

Alice Coote EDITOR

4 SPOTLIGHT

Meet Adam Wallace-Harrison from Loan Market Excel

6

Designer

The Brandery

Melanie Hodge - mel@thebrandery.com.au thebrandery.com.au

House of the month photographer

Open2view Tweed Coast Jacinta Harry and Ali Wright

Website

coastalbuysmagazine.com.au

Socials

Follow us on Instagram @coastal_buys

Subscribe to our YouTube channel @coastalbuys

Alice Coote trading as Alice & Co Media and Communications (ABN 74 019 034 865) is the publisher of Coastal Buys Magazine (the publisher, we, us, our). Some of our content may be provided by contributors and advertisers, and while we strive for accuracy, reliability, and completeness, we do not take responsibility for errors or omissions, or for the content and images within advertisements. Opinions expressed within do not necessarily reflect those of the publisher and the inclusion of content does not imply the publisher’s endorsement. All materials are subject to copyright provisions, and reproduction without written permission is prohibited. Coastal Buys Magazine is prepared for your general information and has not considered the investment objectives, financial situation or needs of any particular reader. Photography included within Coastal Buys Magazine may, from time to time, be edited or enhanced. You agree to indemnify the publisher for any resulting loss or liability from your reliance on Coastal Buys Magazine.

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‘HOUSE OF SAKANA’ ON CYLINDERS

HOUSE OF THE MONTH

There is something very special and alluring about Japanese-inspired ‘House of Sakana’.

With exceptional design and luxury finishes, this home creates a sense of tranquility and exudes sophistication.

A distinctive exterior instantly demands your attention, as you are welcomed by perfectly manicured gardens and oversized double teak timber doors.

As you venture inside the 1,012 square metre beachfront property, unique and calming qualities continue to impress, with a 25,000-litre pond complete with koi fish, a combined water and fire feature, and a timber jetty. A large open void merges the boundaries between interior and exterior and adds to the sense of awe.

The grand entrance hints at the opulence that awaits with no expense spared and every aspect carefully crafted. Premium materials are incorporated throughout including copper features, limestone wall tiles, marble, bluestone and French-oak floors, as well as teak-lined ceilings.

On the ground floor, the kitchen is designed around a bespoke marble island bench, which features an artistic free-form natural waterfall and teak

4

4 2

Address

37 Cylinders Drive, Kingscliff

Agency

LJ Hooker Witheriff Group

Agents

Nick Witheriff

Carol Witheriff

Auction

21 March at 6pm

timber extension. The impressive marble stone was imported from Italy to complete this luxe design.

The main kitchen, which is fitted with Gaggenau appliances, adjoins a large second kitchen complete with a Miele induction cooktop, a wok and teppanyaki plate, among other quality kitchen inclusions.

From the luxury kitchen, you enjoy views of the unique pond, the dining area with feature pendant lighting, an impressive suspended fireplace, a spacious living area and your own outdoor oasis.

In keeping with the sleek Japanese-style design, the interior blends seamlessly with the rear garden. An elevated infinity pool captivates, set against a backdrop of meticulously presented gardens, a sunken lounge area, and outdoor kitchen and barbecue – the perfect space to entertain.

The ground floor also features an enviable home cinema room, an office with separate access and built-in desk, a temperature and humidity controlled wine cellar, as well as a laundry and powder room. Floor to ceiling glass panels

and bi-fold doors provide views of the pond as you explore all this level has to offer.

As you venture to the first floor, you discover an impressive resort-style master retreat that continues the opulent design considerations, featuring a stylish round bath in the main part of the room, a spacious ensuite, built-in robe and peaceful views of the rooftop garden and pond.

The three remaining bedrooms are all equipped with ensuites and provide further vantage points of the thoughtfully designed exterior. One of these bedrooms has a larger floor space, a bath in the ensuite and, like the master, enjoys direct access to the garden.

From the rooftop garden, which has another large feature pond and its own deck, you can enjoy vistas of the garden, coastal vegetation and mountains.

‘House of Sakana’ is a one-of-a-kind home that creates a sense of warmth and calm with its impeccable Japanese-inspired design and luxury finishes.

MAKING WAVES

MEET ADAM WALLACE-HARRISON FROM LOAN MARKET EXCEL

Coastal Buys talks to Loan Market Excel Finance Broker

Adam Wallace-Harrison about the benefits of using a mortgage broker and his views on the current market.

How long have you worked in the mortgage broking industry?

I’ve been a mortgage broker for nine years but involved in the finance industry in some capacity for 20 years. We opened our office in the local area back in 2017.

What services does Loan Market Excel offer?

We offer options for all styles of finance ranging from owner-occupied and investment loans, construction, pre-approval and first home buyers. We do a lot of work in the refinance and debt consolidation space, saving people thousands. Not to mention car loans, personal loans and equipment finance. Last but not least, we have a dedicated commercial and self-managed super fund (SMSF) specialist. So we pride ourselves on being a one-stop shop for all your finance needs.

What do you enjoy most about helping people secure mortgages for property purchases?

Without a doubt, it’s the joy of helping

customers enter the property market. Buying a property can be a long and overwhelming roller coaster of emotions for many. By talking to clients and gaining a clear understanding of their needs and objectives, we can start to map a plan so they have clear and tangible targets as to what they need to do to start their property journey.

What are some of the benefits of engaging a mortgage broker like Loan Market Excel?

Simply put, why wouldn’t you work with a mortgage broker? We work on behalf of the customer to review over 60 lenders’ products to ensure they are at the best possible rate with the most effective loan structure. We complete all the paperwork and submit the application on your behalf. It’s often the case that you don’t even have to speak to the lender at any stage of the process. With over 70 per cent of loans being written by mortgage brokers, it’s clear that dealing directly with a lender is quickly becoming a thing of the past.

What are your views on the current market for Kingscliff, Casuarina and Cabarita and expectations for the year ahead?

The word is out as to how special our area is. People no longer drive past

“WE REALLY DO LIVE IN THE BEST PLACE IN AUSTRALIA.”

us on the way to Byron. We’ve now become a desired destination. So, I believe we’re in for a strong year of growth locally off the back of interstate buyers entering our market, the opening of the Tweed Valley Hospital and the undersupply of housing.

What do you believe this area offers buyers?

Where do I start? We have some of the most amazing beaches and creeks, stunning hinterland bush tracks and waterholes on our doorstep, world class restaurants and local produce all with a very relaxed and hassle-free coastal community vibe. We really do live in the best place in Australia. Want to read about Adam’s favourite things to see and do in the local area, as well as his café and restaurant picks? Visit coastalbuysmagazine.com.au

Your partners in property

BENEFITS OF A BUYER’S AGENT

Rose & Jones Director and Buyer’s Agent Oliver Dunstan reveals the benefits of engaging a buyer’s agent and what to expect.

What is a buyer’s agent?

Whilst a new concept for most, the role of an exclusive buyer’s agent or advocate has existed in the Australian property market since the 1990s and is commonplace in other markets around the world.

In simple terms, a buyer’s agent is engaged by prospective purchasers to represent their best interests in a property transaction, by assisting with the sourcing and acquisition of different property types for either investment purposes or for those looking for their next home.

Essentially, their role is to secure the right property for the best possible price and terms on behalf of their client. A common misconception is that only the wealthy should, and can afford to, utilise the services of an expert buyer’s agent, however, their skill set can help any buyer type across all price points, even first home buyers.

Some buyer’s agents specialise in either the residential or commercial sector, some cover both, and there

“A BUYER’S AGENT IS ENGAGED BY PROSPECTIVE PURCHASERS TO REPRESENT THEIR BEST INTERESTS IN A PROPERTY TRANSACTION, BY ASSISTING WITH THE SOURCING AND ACQUISITION OF DIFFERENT PROPERTY TYPES FOR EITHER INVESTMENT PURPOSES OR FOR THOSE LOOKING FOR THEIR NEXT HOME.”

are agents and agencies who cover specific regions or areas, and others that offer a nationwide approach, typically assisting investors.

What does a buyer’s agent do?

Different agents or agencies will offer varying service types and associated fee structures, with the most common service offering a ‘Full Service’ type where the agent assists the purchaser from start to finish.

This should involve searching and sourcing options for their consideration, leaning on industry relationships and local insights to generate opportunities that the typical buyer might not gain access to, inspecting properties on the client’s behalf and carrying out extensive due diligence on those that meet their requirements.

Analytical research should form and provide clear assessments of value when considering a property, as well as advice around rent potential and outgoing costs for those looking for an investment asset.

Other research items like development searches, flood and fire risk assessments, as well as the

usual building and pest reports and contractual requirements, should all be overseen and handled on behalf of the client to ensure they are educated and making informed decisions.

An experienced buyer’s agent will establish the most appropriate path to try to secure any property, whether it be a private treaty sale, auction campaign or off-market negotiation. A buyer’s agent will work with their clients through to settlement, assisting with any post-contract obligations and handling pre-settlement inspections.

Broadly speaking, the benefits of engaging a buyer’s agent include:

• access to off-market properties

• thorough research and negotiation

• potential savings off the purchase cost.

To explore these benefits further visit: roseandjones.com.au

To get in touch with Oliver Dunstan call 0451 950 651 or email oliver@roseandjones.com.au

MANAGING TWEED’S FUTURE GROWTH

Preparing for housing growth

Kingscliff and Cabarita are among a number of areas being considered for future housing growth, according to the latest stage of Tweed Shire Council’s Growth Management and Housing Strategy.

Residents are now invited to have their say on a draft Options Paper, which considers how the Council will manage growth, housing and employment over the next 20 years.

It is anticipated that Tweed’s population will grow by between 13,000 and 30,000 people by 2041, with an increase of more than 12,000 dwellings and 11,000 jobs needed to accommodate this growth.

Other areas slated for additional housing include Tweed Heads South, Tweed Heads West, Banora Point, Terranora, Hastings Point, Pottsville West, Murwillumbah, as well as rural areas of the Tweed.

Tweed Shire Council Director of Planning and Regulation Denise Galle said community feedback has played a vital role in shaping the draft Options Paper to date.

“We need to plan for a future that is adaptive to growth and change while respecting the beautiful attributes of the Tweed,” Ms Galle said.

“This plan is about increasing the diversity of options to address future growth. Some of the possible changes include higher density living in some zones, change of land use, rural village expansion, review of greenfield sites and more housing diversity.”

This is the third stage in the preparation of Council’s Growth Management and Housing Strategy, which will help inform Council priorities in relation to housing and employment until 2041.

Council is holding a series of information sessions and inviting residents to have their say and make a submission by Friday 22 March.

For details of the draft Options Paper and information sessions (in-person and online), visit yoursaytweed.com.au

Tweed Valley Hospital Open Day

Community members are invited to explore the facilities at the new

$723.3 million Tweed Valley Hospital before doors officially open on Tuesday 14 May.

A Community Open Day is being held on Saturday 16 March from 10am to 2pm at the hospital campus at 771 Cudgen Road, Cudgen.

Attendees will have the opportunity to walk through the emergency department, maternity services, intensive care unit, cancer services and the outpatient department. There will be activities for children and refreshments available.

Regional Health Minister Ryan Park said it was a wonderful chance for people to familiarise themselves with the new hospital before it opens.

“This much needed redevelopment is providing a massive healthcare boost to Northern NSW and I’m excited to see its long-term impact on the community,” Minister Park said.

To register for the Open Day visit tweedvalleyhospital.health.nsw. gov.au

State Government seeks feedback on short-term accommodation plans

The NSW State Government is seeking community feedback on a new discussion paper as part of its review of short-term rental accommodation.

Among the feedback being sought is the adequacy of the Short-Term Rental Accommodation (STRA) planning and regulatory framework, and potential policy options including incentivising property investors to make properties available for long-term rental accommodation.

Minister for Housing and Minister for Homelessness Rose Jackson said all options are on the table.

“We’re determined to do everything we can to tackle the housing crisis and put every part of the housing market under the microscope for options to encourage a greater supply of long-term rental accommodation,” Minister Jackson said.

To have your say by 14 March, visit planningportal.nsw.gov.au

Aerial photo of the Tweed Coast

An internal courtyard at the new Tweed Valley Hospital

Location: In room at

Kingscliff Beach Bowls Club

Date: Thursday 21st March 2024

Time: From 6pm (AEDT) NSW

Explore the latest property values and rental prices at a glance with CoreLogic’s monthly snapshot.

WANT TO FIND OUT MORE?

Visit coastalbuysmagazine.com.au for our latest articles and extended analysis.

MAKE A SPLASH WITH A POOL

Dynamic Pool Designs Creative Director Lauren Brooks explores how owning a swimming pool is about embracing a lifestyle filled with joy, health and boundless family fun.

Swimming pools can elevate your lifestyle and transform your outdoor space into a cherished oasis that will be enjoyed for years into the future.

Here’s a look at the top five benefits of building a pool at your place:

1. Family and friends

Think lazy weekends at home, entertaining the kids in the holidays, backyard barbecues with friends and lots of cherished moments with loved ones in the comfort of your backyard.

2. Health and fitness

An excuse to get out of the house and burn off the energy for the young and young at heart, swimming is a low-impact, high-reward exercise for all ages, promoting cardiovascular health and muscle strength. When you couple that with a magnesium experience, the relaxation and health benefits are even more elevated.

3. Stress relief

A pool provides a perfect escape from the daily grind, reducing stress and enhancing mental wellbeing either by just relaxing on the bench, moving your body or letting the magnesium absorb into your tired muscles.

4. Entertainment hub

It’s absolutely the ideal setting for gatherings, parties, and barbecues. Make your home the go-to place for social events, you provide the space and let your friends provide the fancy food and cocktails!

5. Increased home value

We all know that many real estate photos feature a hero shot of the pool and outdoor area, it’s a major appealing factor for many buyers. A well-designed pool and outdoor

area can significantly increase your property value and the overall beauty of your home.

Construction timelines and spring planning

The construction of your dream pool typically takes anywhere from 4-12 weeks depending on the complexity, pool type and personal customisation of the project. In addition to the construction, it can take approximately six weeks for council lodgement and approvals.

So, if you want to beat the heat next summer and ensure you’re making a splash by spring, now is the perfect time to get the ball rolling.

Drop by our office and showroom or visit our website and socials for inspiration and more information on how you can get started. Easy finance options are also available.

About Dynamic Pools

Dynamic Pool Designs is a locally owned business based in Chinderah in the NSW Northern Rivers. Their multi award-winning team has been operating in the local area for more than 10 years and is committed to excellencemerging innovative design and quality craftsmanship.

To get in touch with Dynamic Pool Designs, visit their showroom and office at 27-29 Morton Street, Chinderah, call 1300 760 680, explore their website dynamicpooldesigns.com.au or follow them on Facebook or Instagram.

ON THE MARKET

HOUSES/ TOWNHOUSES

Agents Brent Savage Ethan Price

Agency LS Properties

Auction 24 March 10am

APARTMENTS/ UNITS

Agents Jordan Brown Bella Johnson

Agency LJ Hooker Witheriff Group

Auction 21 March 6pm

Agents Leanne Morris Kristy Clear

Agency LS Properties

Price Expressions of Interest

Agent Adam Thompson

Agency Kingscliff Sales and Rentals

Price Guide $720,000 - $740,000

Agents Leanne Morris

Kristy Clear

Agents Greg Costello

Chris King

Agency LS Properties Price

Agency Coastal Property Collective

Property and interest rate predictions for 2024.

Before 2023 becomes a distant memory let's review the year that was, then look forward and see what we can expect for 2024.

The RBA has kept the cash rate steady at 4.35 following inflation dropping from 4.9% in October to 4.3% in November.

In 2023 despite experts warning house prices would nosedive, nationally, median house prices shot up by 8.2%, and unit prices tagged along with a 5.7% bump.

2024 predictions

Factors such as population growth, interest rate changes and economic growth attracting investors could play a role in prices in 2024.

The probability of a rate cut this year is now far higher. If this does happen, it is likely to fuel property growth.

A little closer to home, beachside holiday destinations such as ours are slightly more affordable than they were a few years ago. This is mainly due to people who bought during the pandemic selling in recent times, driving down prices. However, it may not last long with housing shortages a problem in many of these highly desirable parts of the country. This coupled with the proposed launch of the Tweed Valley Hospital means we should see a strong year of growth.

I Let's see what's possible

Cash rate in 2023

The cash rate increased 13 times since May 2022 - increasing by 4.25 percentage points. Taking rates from 3.10% in January to 4.35% by the year's end. That's 1.25 percentage points that was then passed onto interest rates and your home loans.

2024 predictions

The big four have all predicted the cash rate has hit its peak. The predicted cash rate in December ranges from 3.60% up to 4.10% with further cuts predicted by economists through 2025.

Home loan interest rates in 2023

According to the RBA, the average home loan rate before the cash rate increases in May 2022 was 2.86%. By November 2023 it was 6.39% The average home loan in 2023 was $642,555. On a 25-year term paying principal and interest, that's a difference of $1,292 a month with the monthly repayments today being $4,292.

2024 predictions

It is hard to predict where interest rates will be by the end of the year, however, if we look at the cash rate predictions by the big four of cuts between .75 to .25 percentage points and apply that to the average interest rate in November of 6.39%, it would bring the interest rate to between 5.64%-6.14%, if the lender passed on the cash rate cuts in full.

Whilst we're not seeing a cut in the cash rate yet, we are seeing lenders compete hard for your business. So don't wait for the reserve bank to cut rates. If you haven't reviewed your home loan recently, reach out and we'll provide you with some feedback as to how your rates compare to the market. Let's see what's possible.

RECENTLY SOLD

HOUSES/ TOWNHOUSES

Price $825,000

Agent Mark Humphries

Agency @realty

Agent Nolan Angell

Agency Angell Real Estate

APARTMENTS/ UNITS

Price $810,000

Agents Chris King

Shane Hollands

Agency Coastal Property Collective

Price $900,000

Agents Erin Nielsen

Amy Sanderson

Agency LJ Hooker Kingscliff

Price $415,000

Agents Jo Boulden

Glen Archer

Agency Ray Real Estate