The Weekly Real Estate from Coast to Country, April 16, 2024

Real Estate Estate

FROM COAST TO COUNTRY

Budget focus on housing walks a fine line

By Jo Kennett

IT’S BUDGET night as The Weekly Real Estate goes to print and while it’s not quite as exciting as Christmas Eve, there are some big offerings to help deal with the housing crisis as the government promises, “more tradies, fewer barriers to construction, less talk and more homes.”

The $6.2bn housing package budget includes fee-free tradie training and moves obliging universities — who are forever demanding more high-feepaying international students be allowed in — to build student accommodation to help ease rental pressures.

There are also billions for housing infrastructure (such as the public transport completely lacking in some new suburbs), incentives to build new homes and $1.9 billion in government-backed loans for social and affordable housing. Low income renters get an extra 10 per cent in rent assistance, added to 15 per cent last year,

in a $1.9 billion package - good news with rents at record highs.

National Cabinet met on Friday, May 1, to discuss housing reforms “to deliver secure and affordable housing to Australians.”

There is $1 billion for crisis housing for women and children fleeing family violence, part of a multi-billion dollar package to states and territories to provide support for homelessness, crisis support and to build and repair social housing.

The Prime Minister said that First Ministers (premiers and territory chiefs) had strengthened their commitment to “critical housing reform measures”, by agreeing to sign the new $9.3 billion five-year National Agreement on Social Housing and Homelessness, which will start on July 1.

“The agreement reflects a shared commitment to improving social housing and addressing homelessness for Australians,” Mr Albanese said.

“In addition, the Commonwealth will provide a further $1 billion

Open Homes

Saturday, May 18

Ash Witty

• 43 Rutledge Street, Coolangatta, 11-11.30am

• 9/27-29 Dutton Street, Coolangatta, 12-12.30pm

• 4 Elizabeth Street, Tugun, 1.30-2pm Tate Brownlee

• 49 Glen Ayr Drive, Banora Point, 9-9:30am

• 52 Wyangan Valley Way, Mudgeeraba, 9-9:30am (QLD) time

• 1 & 2 / 33 Monterey Avenue, Banora Point, 9-9:30am

in upfront funding to states and territories for enabling infrastructure in order to expedite housing development, and new social housing supply.”

The government will target $1 billion in funding under the National Housing Infrastructure Facility towards crisis and transitional accommodation for women and children fleeing family and domestic violence and for young people.

“Australians expect all levels of government to take action to address housing supply and affordability challenges,” Mr Albanese said.

“The Commonwealth, states and territories are working together to build more homes that are safe and affordable for Australians.”

The federal government announced more measures on Saturday, May 11, which they say will deliver more than $25 billion in new housing over the next decade.

“We need more tradies and construction workers,” the

government said in a joint press release.

“We need to build more homes, more quickly, in more parts of the country.

“That’s why earlier this week the government announced $90.6 million to boost the number of construction workers, including 20,000 new fee-free places.

“We also need to reduce pressure on the private rental market.

“That’s why the government is announcing today that we will work with the higher education sector on new regulation to require universities to increase their supply of student accommodation for domestic and international students.

“We are encouraging states and territories to kick- start building by providing an extra $1 billion to help fund the roads and services new homes need, and for new social housing.

“This budget means more tradies, fewer barriers to construction, less talk and more homes.

• 21 Cashel Crescent, Banora Point, 10-10:30am

• 5 Shore Place, Kingscliff, 11-11:30am

• 12 Hillcrest Avenue, Tweed Heads South, 12-12:30pm

• 2 John Robb Way, Cudgen, 12-12:30pm

• 17 Shamara Road, Terranora, 1-1:30pm

• 30 Lakeview Terrace, Bilambil Heights, 2-2:30pm

• 12 Blue Jay Circuit, Kingscliff, 2-2:30pm

• 16 Surfside Crescent, Pottsville, 3-3:30pm Harcourts

• I43 Rutledge Street, Coolangatta, 11-11.30am

• 9/27-29 Dutton Street, Coolangatta, 12-12.30pm

• 4 Elizabeth Street, Tugun, 1.30-2pm Evergreen Exclusive Estates

• 17a Prince Street, Murwillumbah10-10.45am

• 6 Palm Road, North Tumbulgum 11.30-12.30pm

JET

“This isn’t about one suburb or one city or one state. It’s a challenge facing Australians everywhere and it needs action from every level of government.”

There is a $2 billion Social Housing Accelerator to deliver around 4,000 new social homes across Australia, $3 billion New Homes Bonus to incentivise states and territories to build more homes, $5.5 billion Help to Buy scheme to help more Australians buy their own homes and $2 billion in financing for more social and affordable rental homes. The budget sounds like good news for home buyers and renters and a back-to-back budget surplus should also boost confidence.

As financial analysts are pointing out though, the treasurer is walking a fine line between reducing spending to bring inflation and interest rates down, and cutting spending too much, which can cause a recession.

Inflation is proving sticky as they say, and now the Reserve Bank is assuming there won’t be rate cuts

• I7/41 Tweed Coast Rd, Bogangar 10-10:30am

• 15 Yalla Kool Dr, Ocean Shores 11:30-12pm DJ Stringer Property Services

• 4/3 Island Drive, Tweed Heads 9-9:30am

• 20 Eliza Fraser Court, Terranora 10-10:30am

• 30 Pacific Drive, Banora Point 10-10:30am

• 110 Caloola Dr, Tweed Heads 11-11:30am

• 11 Monomeeth Avenue, Bilambil Heights 11-11:30am

• 11/3-5 Barrett St, Tweeds Heads West 12-12:30pm

• 8/54 Dutton St, Coolangatta 12-12:30pm

• 20 Simpsons Drive, Bilambil Heights 12-12:30pm

• 6 Admiralty Place, Banora Point 1-1:30pm

AN ARCHITECTURAL MASTERPIECE IN THE HEART OF TUGUN.

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The Palms Village - Tweed Heads South

Tweed Broadwater - Tweed Heads South

Chinderah Lakes - Chinderah

The Palms Village - Tweed Heads South

Tweed Billabong - Tweed Heads South

6 Palm Road, North Tumbulgum

60 acres | 5 brm home | 3 levels with potential for dual living | spring-fed water supply | dam shedding with workshop | quality fencing & yards

Price - $2.6m - Ready to Sell

Inspect Saturday - 11.30 - 12.30pm

Situated within the magic drive zone of 25 mins to just about everything, this beautifully private 60 acres is an extremely rare opportunity to secure a parcel of this size in a great location.

Assured privacy, great elevation (flood-free), beautiful views, easterly breezes, abundant water and fantastic infrastructure is in place across approx. 35 acres of clear, all arable paddocks. The parcel is easily managed and currently runs 10 cows with their calves easily, all year round and is ideal for horses or any livestock of choice.

Enjoy bushland at your back door with abundant wildlife and birds in this peaceful and quiet setting within easy reach of lifestyle amenities and schools. ‘Wyalusing’ could be just what you’ve been looking for.

17a Prince Street, Murwillumbah

3 brms | 2 bathrooms | rumpus/living | fully fenced yard | walk to town & park | fully renovated

Price - $770,000 Vendors encourage offers. Inspect - Saturday 10 - 10.30am

This convenient location makes for easy family living and connectivity to all town centre amenities and would be also be a fantastic rental investment. The home has undergone a complete renovation including interior linings, electrical & plumbing, new kitchen & bathrooms. The large rumpus living area and second bathroom/laundry downstairs make this low maintenance home a great option for a family that wants space for the kids and hobbies. The solid integrity of original hardwood/weatherboard construction across this two level home is complemented by loads of storage space and a large, fully fenced yard with a private fenced area at the rear. Owners are ready to negotiate

Tweed Valley & TweedCoolangatta Valley

House and Land Package

86 Tyalgum Road, Tyalgum

12.6 Acres of rare vacant land close to the idyllic village of Tyalgum. Only 4 minutes to the village centre and 25 minutes to Murwillumbah this block of land has all the potential for a hinterland hideaway of your dreams.

$1,000,000PriceGuide$1,100,000

DA approved plans are ready to start building, all the hard work has been done. A home and land package is also available. Roads have been completed along with a large 2 bay machinery shed. Great weekender to escape to the country and enjoy the serenity.

Craig Dudgeon 0408 188 184

This stunning riverfront 7.21 acres has some of the Tweed Valleys most spectacular views. Only minutes to Murwillumbah and 25 mins to Gold Coast International airport it is the perfect location to build your dream home or weekender. Current DA approved plans

for a large 4 bedroom Queenslander are ready to start construction. Fully fenced for horses with shade shed, machinery shed and tanks for water. All the hard work has been done.

Craig Dudgeon 0408 188 184

408 Tumbulgum Road, Murwillumbah

SOPHISTICATED COASTAL LUXURY LIVING

3 BEDROOMS | 2 BATHROOMS | 2 CAR

Welcome to “Bianca” where coastal luxury awaits you! Set within an exclusive complex of just thirteen residences, “Bianca” offers the pinnacle of beachfront living. Step inside this modern sleek retreat to discover premium finishes throughout, combining contemporary design with seaside comfort.

The expansive living area seamlessly connects to a stylish kitchen equipped with high-end appliances.

Step out onto your private balcony to soak in breathtaking ocean vistas, encompassing the tranquil coastal ambiance and the lively Coolangatta skyline. “Bianca” is designed with style, convenience and storage, with a spacious garage area ensuring your vehicles and belongings are well accommodated.

Whether you're seeking a permanent sanctuary or a luxurious holiday escape, “Bianca” presents an opportunity to own your own slice of paradise.

$50,000 (approx) furniture package inclusive in sale Inspections by Appointment or scheduled Open Homes

$2,900,000

Admiralty Place Banora Point

Settled gracefully along the serene banks of the Tweed River, this impressive residence offers an unparalleled lifestyle defined by modest luxury and timeless tranquillity.

Quality built in 2000 and anchored on a sprawling 996m2 allotment, this property boasts an impressive 37m curved water frontage, providing direct ocean access to cater for even the largest of most recreational vessels.

KEY FEATURES:

• Formal living & dining zones w/ ducted airconditioning

• Master wing includes walk-through robe, stylish ensuite, built-in robe & air-conditioning

•

• Stunning central kitchen with 2pac cabinetry, stone benchtops & quality appliances

• Family/meals area featuring bay window & split system conditioning

•

TATE BROWNLEE REAL ESTATE

AUCTION

7 Barton Place, Terranora

AUCTION Wed 29th May 6:00pm The Ivory Waterside Tavern

Nestled in a tranquil enclave of Terranora, this grand family home offers a luxurious lifestyle with uninterrupted views over Duroby Creek and the ocean. Positioned in a prestigious, elevated cul-de-sac, this property spans almost quarter of an acre, boasting a northerly aspect that floods the space with natural light throughout the day. With a single level entry point, the home is thoughtfully designed with north-facing decks that embrace the breathtaking views of sparkling blue waters and lush greenery, creating a serene retreat from the bustling world.

AUCTION

17 Shamara Rd, Terranora

AUCTION Wed 29th May 6:00pm The

Nestled in the serene heights of Terranora, this prestigious perfect north- east aspect five-bedroom residence epitomises luxury resort-style living. A grand gated entrance and a palm-lined driveway welcome you, hinting at the elegance that awaits within. As you step inside, the home unfolds dramatically, presenting a spectacular open layout framed by high ceilings and floor-to-ceiling windows, that capture the immaculately manicured grounds and a stunning inground pool. This architectural marvel not only floods the space with natural light but also showcases unique and expansive views across the lush Northern Rivers and down to the sparkling coast.