Echo Property Magazine #6 – January 2024

Page 1

Inside this month ...

The alluring lifestyle of the Tweed Valley – page 6 Importance of liveable spaces and connected communities – page 12

THE NORTHERN RIVERS’ BEST REAL ESTATE GUIDE

Issue #6, January 2024 • 24,700 printed copies across the region • www.echo.net.au/property


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Property in Focus

Five luxury Byron townhouses to be sold in-one-line • One-off opportunity for astute investor • Prime golden triangle location • Strong rental returns and significant depreciation benefits CBRE and Pacifico Property are pleased to present to market this trophy investment opportunity in the heart of Byron Bay. 14 Seaview Street, Byron Bay, known as ‘Summer House’, presents an iconic investment consisting of five extensively renovated coastal homes, designed by local Whitewood Agency. Positioned within a ‘golden triangle’, close to major retail amenity, beaches and transport, Summer House represents a unique opportunity to acquire this investment with significant depreciation benefits. The property is located in the Byron Shire, home to more than 10,000* people and 2,000,000* tourists every year. The median rental price for houses has risen 12.4%* over the past year taking the median weekly rent to $1,250* per week. Vacancy rates are also at record lows, recording approximately 0.65%*. The region is forecast to continue to see persistent rental growth, as a lack of new supply and record migration numbers continue to further tighten the rental market. The property is well positioned in the prestigious Northern Rivers region, within 25 minutes to Ballina and 45 minutes to Gold Coast Airport. Each townhouse offers light filled and open plan spaces, private courtyards, outdoor showers, ducted air conditioning and skylights throughout, all with secure parking. A wonderful display home is available for property inspections via private appointments with the agents listed below.

Pacifico Property agents Christian Sergiacomi – 0400 221 653 Brad Cranfield – 0401 823 310

CBRE agents Nicholas Heaton – 0408 025 097 Nick Young – 0452 486 904 Xavier Rahme – 0415 711 606 www.echo.net.au/property

January 2024 Echo Property Magazine 3


Unique & profitable Byron Shire property & established business for sale Located in Federal, Hinterland Byron Bay, 20 minutes to Byron Bay, 25 minutes to Lismore or Ballina.

Fernleigh Dreaming Built to Last

For sale is the main dwelling, a large five-bedroom home, recently extensively renovated with resort style pool plus a large “managers” residence also recently extended, both with a northerly aspect on approx 10.5 ha. Adjacent is the very profitable indoor plant nursery, growing exclusively ornamental plants in 7,000m2 of fully climate-controlled greenhouses, with many state-of-the-art and up to date internal transport, bench systems and equipment. The unique product range guarantees that the business will remain very profitable for decades to come.

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Customer base: Nationwide Bunnings stores, Aldi and the better wholesale nurseries in the same sector of the industry; a healthy spread of the customer base.

631 Fernleigh Road, Fernleigh

• House: 3 bedrooms + sleep out, 3 bath residence with wrap around deck, high ceilings, polished hardwood floors, two living areas, an office and solar hot water panels. • Cottage: Rustic 1 bed, 1 bath with lounge • Double garage + large storage shed • Land Size: 20.7 ha (50 acres approx) • Farm: Steel machinery sheds for processing, storage and work areas. Ridge views, Skinners Creek boundary, small dam, macadamia trees and cattle.

Annual sales $3.3 million+

For Sale: $3.9M-$4.29M View: By Appointment Agents: Tony Farrell 0417 212 692 Contact: Tracey Donaldson 0411 846 959

Shop 4/31 Lawson Street, Byron Bay 02 6685 7300 www.byronbayrealestateagency.com.au

Stock and equipment value exceeds $1 million. Management and dedicated staff are already employed. Tried and tested systems and processes in place result in exceptional stock quality. Established for 37 years, founder/owner wishes to retire.

Offered for sale on a WIWO basis for $7.9 million

Lorimer Estate Agents Contact: Duncan Lorimer 0400 844 412 duncan@lorimerestateagents.com.au

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• Excellent lease, great position and lovely staff. • A product list the envy of everyone who likes to be spoilt with goodies. • This is a “walk in and bank your profits” type of business.

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4 Echo Property Magazine January 2024

81–83 Burringbar St, Mullumbimby P: 02 6684 2615 E: sales@nclp.com.au

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“Employing Felicity was the best decision we made” Ocean Shores purchaser

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If you are buying a home this summer make sure you speak to us first. Our knowledge, market experience and access to ‘off-market’ properties will give you the competitive advantage to unlock the door to your dream home.

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Perched above Brays Beach, The Greenhouse and The Echidna houses share ocean and forest views, one of a few properties located within walking distance to the secluded Whites, Kings and Brays beaches. W ELC O ME By appointment

AGENTS Susan Whyte 0478 010 735

January 2024 Echo Property Magazine 5


Echo Property Magazine

The alluring lifestyle of Simon Haslam Have you experienced that liminal moment on the M1 when you cross the border from Queensland into northern NSW, often after hours of driving through a built-up, congested environment, and the wonderful green, mountainy vista appears ahead of you? Many people comment on the positive psychological benefit of this change in view, as if immediate aims and purposes associated with jobs, traffic and money are forgotten for a minute, and the ‘real’ you gets a chance to look around. That’s the Tweed Valley on your right as you continue south from Chinderah on the highway, and aside from questions of value for money and proximity to airports, I suspect many people attracted to this area find the idea of a closer connection to nature, and natural beauty strikes a chord within them.

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Tania Sheppard from JET Real Estate moved from a 350m2 block in Sydney to a half-acre. When she arrived she saw an adjoining fenced-off paddock and asked her neighbour, who was also her agent, ‘Who owns that block over there?’. ‘You do,’ he laughed. She says, ‘driving my 22 minutes to work is a dream, as I see green and mountains all the way – it’s nothing like the city.’ She says that since moving, three groups of their friends have also relocated, to larger properties, and ‘love living here’. ‘What we love about living here,’ says Tania, ‘is the fact that everyone is a lot more genuine and real, they take time to have a chat and are honest with helping you, and giving you information to help you. In the city you don’t get that – if you say hello to someone in Sydney they think you are either crazy or about to rob them!’

Have you experienced that liminal moment on the M1 when you cross the border from Qld into Northern NSW, often after hours of driving through a built-up, congested environment, and the wonderful green, mountainy vista appears ahead of you?

The Tweed Shire landscape varies from its western edge, dominated by national parks and the rural/ country landscape of the Tweed Valley, to the more built-up coastal strip, evidenced by the stark variation in population density in Tweed Shire between the Doon Doon statistical area (e.g. 269 people on 95 square km = 3.8 persons per square km abutting a national park and above the Clarrie Hall Dam) and the most dense statistical area of coastal Tweed Heads (228 people living in a 0.1 square km area on Wharf Street at a density of 19,159 persons per square km – I’m sure many of them get a good view, though!). Julie-Ann Manahan is the founder of Mana Real Estate (formerly Raine & Horne Northern Rivers Tweed Group). After many years helping people find their dream home in the region, via their Ocean Shores

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Echo Property Magazine

the Tweed Valley office, the firm opened an office in Murwillumbah. With strong ties to the area, it made sense. ‘Debra Stoking, our sales support extraordinaire, her forebears were the original settlers of Stokers Siding. She was blessed to grow up, raise children and live in the area.’ ‘And thanks to the local community, I’ve been discovering my roots in the region. A few people have come into the office and shared stories about the Manahans who owned a popular grocery store chain along the east coast and set up a store in Murwillumbah – back in the 1930s!’ Julie-Ann’s explanation of the popularity of the Tweed Valley with potential buyers is straightforward. ‘Murwillumbah and surrounds offer a fantastic lifestyle – there’s a sense of freedom and space but still a strong community spirit.

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There’s a thriving arts scene, and amazing restaurants, as well as cool breweries and distilleries, like Husk Distillery,’ says Julie-Ann. ‘You can pick up the freshest produce from the local markets. There’s a diverse range of properties in the area, too. From grand Queenslanders and new residential estates to acreage lifestyle/hobby farms and full working cattle and cane farms. And with close proximity to the beach and the hinterland, it’s a big drawcard for many people relocating from Queensland and the coast.’

continued overleaf Top: Apex Dining, Below: The distinctive Tweed landscape.

January 2024 Echo Property Magazine 7


Echo Property Magazine

continued from previous page

Gift of the volcano The Scenic Rim mountains ring the old caldera, in whose centre is the volcanic plug of Wollumbin (Mt Warning), the distinctive shape of which can be seen throughout the region. The fertile red soil, bequeathed by the massive shield volcano, is a gift which still nourishes so many top-quality local producers. You can talk to the producers, and sample the local produce at, for example, Murwillumbah’s farmers’ markets held weekly in the showgrounds. The rich soil is also part of the provenance of Tumbulgum’s pioneering cane-juice Husk rum, and it’s in the name of Cudgen’s Earth Beer brewery. Even if you don’t want to get too close to actual dirt, you’ll notice the quality of the produce showcased at local top-rated regional restaurants such as Murwillumbah’s Bistro Livi and Tweed River House, amongst many others close by, such as Mavis Kitchen in Uki and Potager in Carool.

Lifestyle The region around Murwillumbah is a particular cultural as well as culinary hotspot: the Tweed Regional Art Gallery (which combines both, with

8 Echo Property Magazine January 2024

the Apex Dining restraurant in the gallery) is a drawcard, especially as it now has not only the Margaret Olley Art Centre but also a Monet; the M-Arts precinct in Murwillumbah is a showcase of regional artists, and if you visit the precinct you can sometimes watch them working. Those two examples are just the tip of an iceberg of grassroots art that makes the Tweed Valley one of those rare places where you might get away from people if you wish, but when you want to experience the local culture, there’s a range of vibrant and provoking experiences near you in the Tweed Valley itself. Tania Sheppard from JET Real Estate says, ‘Tyalgum is a popular location for a drive and has great cafes and small galleries.’ She also recommends checking out Limpinwood, which she describes as, ‘like Switzerland, although there’s no snow!’ While there are massive shopping malls in easy striking distance up the coast, if you don’t want to visit them you don’t have to, as all sorts of interesting cafes and retail shops are popping up in Burringbar, Mooball and Murwillumbah these days. Tania points out that the new rail trail has increased the popularity of some towns, with their shops having new management recently.

Tania adds that, ‘South Murwillumbah, Burringbar, Stokers Siding and Mooball are the new spots where we are finding investors and buyers wanting to relocate, as there are cute original older homes on smaller lots and also there are lifestyle lots.’

Water The Northern Rivers region is one of the wettest in NSW, and the pure waters of its many springs are so popular that Tweed Shire Council has had to restrict ‘water mining’ by large companies who produce drinks. The Clarrie Hall Dam, situated in the Tweed Valley, supplies the whole Tweed Shire. Having your own watercourse, or water source, on your property can be both practical and a wonderful part of your lifestyle, and this is possible in many locations throughout the Tweed Valley. The 80km-long Tweed River is fed by eight tributaries, from Burringbar in the south to the McPherson Ranges in the north on the border with Queensland, and the high rainfall means the flooding history of any property should be considered before purchase. The farming opportunities of areas of high rainfall have always made them attractive to www.echo.net.au/property


Echo Property Magazine

Photos: Left to right: Tweed River House, Makers and Finders Market, Northern Rivers Rail Trail, Tweed Regional Gallery.

primary producers, but recent climate change means that increasing numbers of people, aside from farmers, are now considering the value they place on the water security provided by a property’s water supply. As for the lifestyle benefits of being near a river or stream, they can both add to the natural beauty of your location, and also provide wonderful fun for families. Real estate agents Jason and Elizabeth (the ‘J’ and ‘E’ to Tania’s ‘T’ in JET Real Estate!) both grew up and were schooled locally. Jason recently sold his family home in Mt Burrell, which he described as a ‘sad day’. ‘I have so many wonderful childhood memories, particularly of swimming in the Tweed’s swimming holes, and cycling everywhere, exploring the mountains,’ says Jason.

Natural beauty and healthy activities In addition to the wonderful national parks on the mountains surrounding it, the Tweed Valley itself contains many ancient subtropical rainforest communities of plants and www.echo.net.au/property

animals, with evolutionary links to Gondwana. If you live in the Tweed Valley, great cycling and hiking opportunities are right at your back door.

‘Mooball (pronounced Mowball by locals) has one the best pubs in the region – with a swimming pool! It’s a very cool little town,’ she says.

A great recent addition for cyclists is the Northern Rivers Rail Trail, the 24km-long Tweed section of which is completed from Crabbes Creek in the south, connecting the small villages of Mooball, Burringbar, and Stokers Siding to Murwillumbah – there’s even a ‘station’ at the art gallery in Murwillumbah.

Future directions

Julie-Ann Manahan from Mana Real Estate says the rail trail has had a great impact: ‘The launching of the rail trail has really united local communities. It has been very successful, getting families out and about, exercising in the fresh air. Also, it’s a fantastic way to help small businesses and cafes along the route.’ ‘The villages along the way are fabulous to stop at and explore. Burringbar has a fantastic vibe with the Tweed Valley Farmhouse Cheeses and The Barn. You can get lost for hours in Heath’s Old Wares. It’s the ideal location for those seeking a tree change but still wanting to be close to the coast.

‘More people will want to live off grid in the future, away from people and in smaller communities,’ says Tania. ‘Those alternative, self-sufficient aspirations are almost the norm up here, and I can see the region becoming increasingly popular’. With the massive Kings Forest development near Casuarina and Cobaki Lakes near Piggabeen approved or in the planning stages, the Tweed Shire’s population is forecast to grow 40 per cent in the next 20 years: from around 100,000 now to 141,000 in 2041 (Source: Population and household forecasts, 2021 to 2041, prepared by .id (informed decisions), March 2023.) However, only around seven per cent of the new residential dwellings needed to house those residents are forecast to be built in the Tweed Valley area, suggesting that much of what people love about this special region will remain, at least for now. January 2024 Echo Property Magazine 9


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January 2024 Echo Property Magazine 11


Echo Property Magazine

The importance of creating liveable spaces and connected communities Aslan Shand The Northern Rivers is a place where people come to live and visit to enjoy its unique offer of beaches and hinterland. One of the biggest challenges, as the pressure to build more housing and accommodate more people increases, is how to maintain positive communities. A significant part of creating effective communities is good urban design; not to build on every green space in a town or cram in as many units on a site as possible, but to look at creating spaces for people. Houses that aren’t just walls and a roof, and developments that are more than just boxes for people to sleep in, broken up by driving to work – good planning and development creates community, interaction, good environmental outcomes and positive lives. ‘To create a community you have to have people connect,’ explains Francois Avice, a graduate architect who works in professional building and design in the Northern Rivers. ‘You have to have open spaces, little shops or corner stores – you have to create spaces where people can meet. It is about creating informal encounters and connections – it is all those little chance encounters that create those connections. That is how you create community.’ Retired urban planner and architect John Sparks agrees, saying that the connections between open spaces in towns and cities determines how people interact. ‘If you think of all the major cities in the

12 Echo Property Magazine January 2024

world, for example, if you think of New York you think of the Rockefeller Centre, of London you think of Trafalgar Square – these open spaces are for people. That’s where people gather. While buildings are for commerce and business, open spaces are for people.’ ‘People go on holiday in nature, people gather in open spaces. The important thing is to design with nature. If you incorporate nature with your design, then people will come.’ One of the biggest challenges is that the streamlining of and ‘one size fits all’ approach to planning fails to take into account unique differences and opportunities in different regions. Mr Avice points out that the constant pressure to fit more on a site to get greater profit at the cost of good urban design is an ongoing issue. ‘We’ve known about the importance of good design and creating spaces for community for a long time. It was described in great detail by New York planner Jane Jacobs in the 1960s,’ said Mr Avice. ‘If you read the literature, it is all there, but when you go through the planning process it goes out the window. You can always find one expert who will support any dilution of well-established human needs and planning standards. ‘You have to have paths, activities, gardens, and shared interests that bring people together. ‘A colleague, an urban designer in New Zealand, highlighted this aspect when we were talking

about how to bring people from different walks of life, with different languages together. ‘They bring people together by putting the correct infrastructure in place. It is things like creating gardens where you can have people come and plant things together, spaces where they can cook, connect and swap recipes and even if they don’t speak the same language they then have the opportunity to connect and create community.’ Mr Sparks says that ‘what’s messed up good design is money’. He says that a great idea for coastal towns like Byron would be to have the ground floor set back by three metres from the front. ‘These areas then become places for people, and it doubles the width of the footpath,’ explained Mr Sparks. ‘For example, all those English towns are based around a village square, and when you are in European cities like Venice you get out and walk from one space to a bigger space. All those older cities recognised the importance of space, open spaces and nature. Open spaces and nature is the secret to it all!’ So while there is significant pressure on the region to build more housing, developers, planners, councils and the state government need to not just infill every spare piece of land but to plan forward and create the infrastructure that will support positive, interconnected and effective communities. www.echo.net.au/property


Echo Property Magazine

You have to have paths, activities, gardens, and shared interests that bring people together

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January 2024 Echo Property Magazine 13


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Echo Property Magazine is proudly produced by Edition #6, January 2024 • The Byron Shire Echo, issue 38.30

This publication is printed on responsibly sourced paper stock.

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Cover photo: Wollumbin seen from the Tweed River, Murwillumbah – Alex Cimbal / Shutterstock

© 2024 Echo Publications Pty Ltd

Echo sales team: Crystal Appo, Kim Beaver, Anna Coelho, Lesley Hannaford, Katie Thompson

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Advertising enquiries: adcopy@echo.net.au or 02 6684 1777 Echo Property Magazine is distributed with the first issue of The Byron Shire Echo published each month.

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ABN 86 004 000 239 The Echo acknowledges the people of the Bundjalung nation as the traditional custodians of this land and extends respect to elders past, present and future.

January 2024 Echo Property Magazine 15



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