STUDY | 2 + CARS FOR SALE  JUST LISTED

1401/2-4 Stuart St Tweed Heads $1,195,000

$849,500 $515,000

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A RARE ‘TRITON’ IN TWIN TOWNS

On offer here today is a rare opportunity to secure a “Triton” floor plan apartment in the popular original tower of Twin Towns Resort.

The Triton is the largest two bedroom unit in the building, even larger than the three bedroom units and there is only one per floor (a total of only 8 in the building), making them a tightly held and keenly sought after commodity. In fact, the last time a Triton changed hands was in 2017!

“You don’t want to wait another 5 years do you?”

HARBOUR TOWER GEM – TWIN TOWNS RESORT

Set on the 14th floor, this unit takes full advantage of the high position to showcase the expansive views on offer, including Border Ranges & Wollumbin, Fingal Headland & Cook Island, as well as the river & boat harbour. Being offered furnished and enjoying very high occupancy rates and strong rental income in Mantra’s onsite letting pool, the spotless one bedroom unit should have appeal to astute investors seeking a better return on capital than the banks are currently offering. Alternatively, it would make a great lock up weekender or holiday love nest. “The maths really works on this one!”

1443/6-8 Stuart St Tweed Heads

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12 Banora Hills Drive, Banora Point

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KEL JUDD 0402 597 001 Real Estate Agent + Auctioneer NSW & QLD

ESTABLISHED NEIGHBOURHOOD IN BANORA HILLS

Set in the popular and well established Banora Hills Estate, this comfortable three bedroom home is being offered for sale for the first time in over 40 years. The now mature age sellers are reluctantly sacrificing their elevated, north facing position for a single level dwelling. The handy location provides easy access to primary & secondary schools, sport fields & parks as well as Club Banora and major shopping centres. “Genuine vendors are moving on to the flat!”

kel@keljuddrealestate.com.au www.keljuddrealestate.com.au

Real Estate

FROM COAST TO COUNTRY Tweed Heads is the gem of NSW

By Jo Kennett

IT’S THE gem of the Twin Towns (and no we haven’t forgotten the State of Origin Coolangatta rivalry), a maze of sunlit waterways in the centre of all the action.

Tweed Heads is home to surf stars and everyone who got priced out of the Tweed Coast market and then realised they were still in one of the best spots on the planet.

It’s long been more affordable than places like Kingscliff and Cabarita, which has helped it boom in the last couple of years as COVID hit and everyone went a little crazy over real estate.

If the southerly is howling you can tuck away from it at Rainbow Bay and if the northerly (or southerly) is blowing, it’s usually protected at Duranbah Beach, and there are generally good waves on offer at either one if you don’t mind the drop-ins and the occasional stoush.

One of the best things about Tweed Heads is that you can watch the trawlers come in loaded up with seafood after a hard night’s yakka, before racing down to the Trawler Wharf to load up yourself.

There are lovely riverside walks and I’ve heard that the snorkelling is excellent from up near Duranbah drifting down along the north side of the sea wall on an incoming tide.

The population of Tweed Heads (excluding West and South Tweed) was 8,176 in 2016 and had jumped to 9,176 at the 2021 Census, an increase of 1,000 or 12 per cent.

Last month, Tweed Heads had 37 properties available for rent and 71 properties for sale.

There are currently, as of Tuesday, July 19, 68 properties for sale in Tweed Heads.

Apart from some retirement living units ($250,000 and $315,000), the cheapest place on the market in Tweed Heads at the moment is a one-bedroom 82 square metre apartment in Harbour Towers on Stuart Street, priced at $460,000 to $495,000, with “spectacular views of Jack Evans Boat Harbour, Cook Island, Tweed River and south to Fingal Head.”

At the top end of the market (but with a price reduction) is a five-bedroom, four-bathroom home with landscaped gardens on a large canal block in The Mainbrace, Tweed Heads for $2.3 million.

Median property prices over the last year range from $1,119,000 for houses to $680,000 for units.

Houses in Tweed Heads currently rent out for $697 per week on average, an annual rental yield of 4 per cent for investors — earlier this year Tweed Heads West made a surprise appearance at number 15 for rental price growth in NSW with a 27.3 per cent increase in house prices over the past year to a median of $649 per week.

Units rent for $530 per week with a rental yield of 4.5 per cent.

Based on five years of sales, Tweed Heads has seen a compound growth rate of 19.6 per cent for houses and 15.3 per cent for units.

Despite the marketing cooling over the past couple of months, the stock of housing is still so tight that local agents say we won’t see any dramatic price drops anytime soon, even as interest rates rise.

While many people were priced out of the market in quieter areas to the south, the beauty of Tweed Heads is that it is close to some of the best cafes, restaurants, shopping, nightlife and most beautiful waterways and beaches anywhere.

There aren’t too many places where you will find that combination and still be in God’s own country on the right side of the border and that’s what makes Tweed Heads such a special place to live.

property profile

This home in The Mainbrace, Tweed Heads, is for sale for $2.3 million

Open Homes

Saturday, July 23

DJ Stringer Property Services

1 Starfish Cres, Tugun ‘Buyer Guide $1.050M - $1.1M’ 9-9:30am 34/527 Gold Coast Highway, Tugun ‘$695K’ 9-9:30am 4/12 Marian St, Tweed Heads West ‘Price Guide $465K-$475K’ 9-9:30am 5/20 Pacific Pde, Bilinga ‘Interest Over $895K’ 10-10:30am 2/58 Pacific Pde, Bilinga ‘$749,000’ 10:00 – 10:30am 25/22 Binya Ave, Tweed Heads 10-10:30am 10 Manuka Rd, Banora Point ‘Price Guide $900K - $950K’ 1010:30am 20/9 Ocean St, Kirra ‘Interest Over $650K’ 10:45-11:15am 24/112 Musgrave St, Kirra ‘Interest Over $795,000’ 10:45-11:15am 115/20 Binya Ave, Tweed Heads ‘Price Guide $670K - $690K’ 10:45-11:15am 3/5 Cabernet Ct, Tweed Heads South ‘Price Guide $595K-$625K’ 11-11:30am 4/27-29 Dutton St, Coolangatta ‘Offers Over $770K’ 11:30-12pm 5/162 Marine Pde, Rainbow Bay ‘Interest Over $1.3M’ 11:45 – 12:30pm 2/1 Martel Pl, Tweed Heads ‘Price Guide $795K - $845K’ 1212:30pm 7/28 Stanley St, Tweed Heads ‘$595K-$650K’ 12:30-1pm 401/6 Coyne St, Kirra ‘Interest Over $1.150M’ 1-1:30pm 1/34 Bambaroo Ces, Tweed Heads ‘Price Range $695K-$740K’ 1:30-2pm 7/17 Korina Ct, Kirra ‘Interest Over $650K’ 2:30-3pm

Tate Brownlee Real Estate

2/16 Monterey Avenue, Banora Point, 9am-9:30am 1/68 Oyster Point Road, Banora Point, 9am-9:30am 16/7-9 Parry Street, Tweed Heads, 9am-9:30am 181 McConnells Road, Dunbible, 9am-9:30am 386 Terranora Road, Terranora, 9:30am-10am (auction 10am) 23 Cooloon Crescent, Tweed Heads South, 10:30am-11am 58 Sutherland Street, Kingscliff, 11am-11:30am 16 Daintree Close, Banora Point, 11am-11:30am 4 Jacabina Court, Banora Point, 12pm-12:30pm 1510 Kyogle Road, Uki, 12pm-12:30pm 5 Bione Avenue, Banora Point, 12pm-12:30pm (auction 12:30pm) 1/2 Cedar Ridge, Banora Point, 12:30pm-1pm 52 Oyster Point Road, Banora Point, 12:30pm-1pm 34 Shearer Court, Terranora, 1:30pm-2pm 1/35 Bimbadeen Avenue, Banora Point, 1:30pm-2pm 4 Noarlunga Street, Banora Point, 1:30pm-2pm 41/291 Darlington Drive, Banora Point, 2:30pm-3pm 10/13 Cabernet Court, Tweed Heads South, 2:30pm-3pm

Smythe Properties

803/53 Bay Street Tweed Heads, 10am-10.30am 3 Shamrock Ave Banora Point, 11-11.30am 20 Mt Bilinga Cct Bilambil Heights, 12-12-30pm 3 Mt Bilinga Cct Bilambil Heights, 1pm-1.30pm 9 Clifford Ave Banora Point, 2-2.30pm

Raine & Horne Murwillumbah & Ocean Shores

1/81A Rajah Road, Ocean Shores, 9-9.30am 18 Dorothy Street. Murwillumbah, 9.30-10am 37 Narooma Drive, Ocean Shores, 10-10.30am 3 Coachwood Court, Murwillumbah, 10-10.30am 30 Kolora Way, Ocean Shores, 10-10.30am 72 Bonnydoon Road, Uki, 10.30-11am 14 James Street, Girards Hill, 10.30-11am 10 Rajah Road, Ocean Shores, 11-11.30am 10 Flintwood Street, Pottsville, 11-11.30am 5 Martin Street, Murwillumbah, 11.45-12.45pm 10 Redgate Road, South Golden Beach, 12–12.30pm 5 Old Ferry Road, Murwillumbah, 12.30-1pm