DJ Stringer Real Estate News - Winter 2019

Real Estate News WINTER 2019 EDITION

SOUTHERN GOLD COAST & NORTHERN NSW REAL ESTATE NEWS

The Ivory A new address for renters

THE IVORY - TWEED HEADS

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eading Property Management experts DJ Stringer Property Services, Coolangatta has just been appointed to lease & manage the $10m residential development ‘The Ivory’ situated at 10 Ivory Crescent, corner of Florence Street, Tweed Heads.

The 879m2 prime corner site, directly opposite the Tweed Hospital, was purchased by Tweed Holdings (NSW) Pty Ltd in July 2018 for around $1,400,000.

The Ivory’ will comprise of 20 stylish 2 bedroom apartments over 5 levels, each accessed via a lift & will include air-conditioning, stone benches, generous terrace style balconies, several with studies & water views, secure

covered parking on ground level and superb communal roof terrace with magnificent Tweed River & ocean views.

Rents for the unfurnished apartments range from $475 to $600 per week.

Investment Advisor, Tammy Stringer of DJ Stringer who’s firm manages over 1100 rental properties, with a portfolio under management estimated at around $600m, states that ‘it is quite rare for a property developer to build & hold such a significant residential complex, however it does show full faith in the strength of our rental market, where demand is high & rents are on the rise’. Tammy goes on to say that “since launching the apartments last week, the enquiries have been really strong, which is expected given the limited

In this issue of Real Estate News •

Local real estate agent named one of Australia’s best.

•

Iconic Currumbin surf club undergoing face-lift.

•

Federal election has sent many buyers & sellers into a state of flux.

•

Scaffolding has been removed on Bilinga’s $10m boutique residential development.

opportunity to lease a brand new unit & the super convenient location where you can virtually leave your car at home and walk to the Tweed Hospital, Tweed Shopping Mall, Tweed Bowls Club and also within minutes to Coolangatta & world class surf beaches”. Tammy urges anyone looking to rent one of these apartments to contact her office and apply now before they are all are snapped up.

The construction of The Ivory’ is nearing completion and is expecting to welcome its new tenants around late May 2019.

TAMMY STRINGER 0418 778 426 tammy@djstringer.com.au

the home of real estate

(07) 5599 5222

www.djstringer.com.au 76 Griffith Street, Coolangatta

Local real estate agent named one of Australia’s best Coolangatta agent has been named one of Australia’s leading real estate agents in a national ranking of the best performing agents.

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“In this year’s ranking, the caliber of entrants was exceptional, with the total sales volume across the top 100 in excess of $13.9 billion.”

David Stringer of DJ Stringer Property Services secured a position in the Real Estate Business (REB) Top 100 Agents 2019 ranking.

The data collected for the ranking is verified by a senior member of each sales agent’s network, or their accountant where they are independent operators.

The list ranks real estate sales agents across Australia according to a range of metrics, including the number of sales, total sales volume and average sales price, for the 2018 calendar year.

The average years of experience of the top 100 agents in 2019 is 17, up from 16 years in 2018. The average days on market for their properties is 45 days (30 days). They averaged 139 property sales for the year (95), with an average sales price of $1.8 million ($1.6 million).

Now in its eighth year, the REB Top 100 Agents ranking is an initiative of Real Estate Business, the real estate authority in Australia, and produced by award-winning media business Momentum Media.

DAVID STRINGER

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urrumbin’s Surf Club which is attached like a fossil on the side of Elephant rock, situated on the absolute Currumbin beach front, is undergoing a much needed face-lift.

Local Master builder, Mat Stringer of Stringer Building Services who was awarded the Contract advises that ‘the club’s committee approved certain capital works of which were mostly centred around providing more comfort to its patrons of the dining venue, as well as preserving and updating some of the older & much needed sections of the building. This included, new toilet facilities, stacker doors & windows, acoustic ceilings and insulation, roof extension over the Eastern deck to allow all weather dining, total replacement of the roof, electrical and signage’.

“The REB Top 100 Agents 2019 is the industry benchmark for success in real estate sales and an accolade all agents aspire to,” said Tim Neary, editor for REB.

For further details on the Real Estate Business Top 100 Agents 2019 report or to set up interviews with the editorial team, please contact: TIM NEARY Editor - Real Estate Business 02 9922 3300 tim.neary@momentummedia.com.au

Iconic Currumbin surf club undergoing face-lift

Mat goes on to say that “the committee scheduled the works based on what they deemed was necessary now & have plans for further works possibly including a lift, however given the limited space to work with & the impact of tidal variations within a unique surf zone, makes expansion of any kind restrictive & extremely difficult”.

MAT STRINGER 0408 882 878 mat@stringerbuildingservices.com.au www.stringerbuildingservices.com.au

CURRUMBIN SURF CLUB

Sellers can still achieve a prompt sale at a good price

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nless you have been living on a different planet, there is a federal election looming that has sent many buyers & sellers into a state of flux.

Off the back of a dynamic property market, that has certainly been the hot topic of positive conversation around the weekend BBQ’s over last 2 years, the mood now is a tad more sombre.

Surprisingly, stock levels have shriveled up like a prune in the sun and a large percentage of buyers are merely monitoring the market. Thankfully there still is an abundance of serious buyers, however

UNIT 3 'OCEANAIR', 114 PACIFIC PARADE BILINGA - SOLD BY DAVID STRINGER, MAY 2019

they are far more educated about values, show patience and are a lot more philosophical if they miss an opportunity.

Auction clearance rates have fallen to around 25-30% depending on who you believe & it goes to beg why many ‘one trick pony’ agents still believe that an Auction method is the only way to sell, despite over 90% of buyers who are conditional on finance & being satisfied with pest & building reports – it just doesn’t make sense.

There is ongoing media hype surrounding a general decline in the real estate values across our country, which thankfully for us, mostly affects parts of Sydney & Melbourne, which in reality, have & likely to drop further as they rose much higher.

Simply put they just couldn’t sustain ongoing price rises to unprecedented levels especially when demand was sliding and lending came under strict scrutiny.

In our own backyards across the Southern Gold Coast & Northern NSW we are a bit more insulated. We have seen that whilst buyers from our Southern states are still investing in our core areas, many have lowered their budget due to a decline in profits from the selling of their own properties down South.

Local buyers are still up-sizing, down-

sizing and re-investing around here as they feel more at home in their patch.

For sellers the market remains tight with a lack of stock, so there is less competition, however buyers are wary that prices may fall and are not acting with any real conviction.

Therefore the pendulum is swinging in favour of the buyer in most areas.

Regardless of whether we have a new leader, the real estate market should be back in full swing post-election. So sellers, it’s time to get your property ready for sale, as buyers are sitting on the side line waiting for opportunities, however, they are more educated with property prices. Therefore if you want a prompt sale at a good price, that can also withstand the scrutiny of a formal valuation, usually instructed by the buyers lending institution (if they are financing the purchase), then be guided by your agent, consider today’s market & offer value.

In conclusion & to provide more confidence to the status of our property market, the Gold Coast was just named as one of the top 5 performing regions in Australia, now that’s something to be proud of.

DAVID STRINGER 0418 150 731 david@djstringer.com.au

Covers come off to reveal the 'Crest'

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he scaffolding has been removed on Bilinga’s $10m boutique residential development ‘Crest on Pacific’, which is situated on the ocean front esplanade at 96 Pacific Parade.

CREST ON PACIFIC

Project Marketing Agent David Stringer of DJ Stringer Coolangatta, comments that ‘Boris Architects’ have done an amazing job of utilising the 470m2 site by being able to accommodate 6 prestige apartments over 6 levels, plus a roof top. We sold 5 out of the 6 apartments virtually ‘off the plan’ well before soil was turned, with most buyers coming from local areas’.

David advises that ‘there is only one apartment left for sale, which occupies the entire podium level. It offers approximately 270m2 of combined space, 3 bedrooms, media room, 3 bathrooms, parking for 2 cars and has the added benefit of its own plunge pool. The developer has slashed its price for the last remaining Crest unit, which now represents outstanding value to those looking for a wonderful lifestyle opportunity’.

Construction of Crest is being undertaken by GCB Builders & is due to completed around late June 2019.

ON PACIFIC

102 PACIFIC PARADE BILINGA

5 SOLD, ONLY 4 LEFT - FROM $1.295M

• Just 9 boutique apartments, over 7 levels • Two per level, 3 bedroom apartments, ranging from 160m2 to 181m2 from $1.295m • Entire floor 306m2 super apartments comprising, 3 bedrooms, 3 bathrooms & media room from $2.350m • Large terrace style balconies with built in BBQ

• Quality finishes throughout & ducted air-conditioning

102 Pacific Parade, Bilinga

• 2 car parking per apartment + storage • All apartments command uninterrupted ocean views close to Gold Coast International Airport

To secure your new lifestyle apartment, please contact Project Marketing Agent:

• Due to commence construction - July 2019

david@djstringer.com.au

David Stringer 0418 150 731

Proudly Marketed by DJ Stringer Project Marketing - (07) 5599 5222 | 76 Griffith Street, Coolangatta QLD | www.djstringer.com.au

FREE MARKETING* when you sell with DJ Stringer! *conditions apply

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the home of real estate (07) 5599 5222 | www.djstringer.com.au | 76 Griffith Street, Coolangatta QLD 4225