GON INAS RNG SE SSPELLI
Real Estate FROM COAST TO COUNTRY
Demand outstrips supply this spring selling season IT’S THE spring selling season, when many sellers traditionally put their homes on the market, however this year local agents are reporting a surprising shortage of stock, which they say makes it a great time to sell. Elders Tweed Valley and Coolangatta principal Craig Dudgeon said there was a shortage of properties on the market and the ones for sale were selling faster. “Days on market are coming back again with stock being so short,” he said. “The outlook seems to be indicating that this trend will continue. “I have seen an increase in local buyers looking for properties as the Northern Rivers buyback has been settling on flood-affected properties. “They are looking for properties out of the flood zone and up to $950,000.” According to Craig the most popular property types with
buyers at the moment buyers are after at the are new homes. moment. “New estate homes “Lifestyle properties have surged with the within 15 minutes of buy back purchasers,” Murwillumbah are still he said. always in high demand,” “There has been he said. lots of interest on “We have seen a lot of the eastern side interest in Murwillumbah, of Murwillumbah though the villages along and towards the the Northern Rivers Rail coast with lifestyle Trail are seeing a lot of acreage properties in tourists taking a great particular. interest in the Tweed as “I’m certainly looking Homes within 15 minutes of Murwillumbah, like this Clothiers a potential new place to Creek home for sale with Elders Tweed Valley, are in demand call home. for stock, currently there are more buyers “There are more buyers “They have started to settle than properties. Prices will than properties on the market and their properties and are cashed certainly be holding firm into the properties priced correctly are up and wanting to purchase in New Year.” experiencing fewer days on the Murwillumbah and the Tweed Director and licensee of JET market than the winter just past. Valley. Real Estate Jason Dittmar said “Our selling tip for any market is “There is also an influx of the spring selling season is in to prepare your property carefully metropolitan buyers from Sydney full swing, “though the number and start packing, a property that and Melbourne as well as local of houses on the market is fewer sparkles and is decluttered will first home buyers trying to get into always attract the best price.” than expected”. the property market.” “There are a number of local Schmith Estate Agents’ principal Jason said there was a shortage buyers that have sold their Justin Schmith said he was seeing of supply for three to four flood-affected homes with the increased demand but a “rather bedroom houses that are out of Northern Rivers Reconstruction surprising drop in stock levels.” Commission,” Jason said. The buyers he is seeing flood zones, which is what many
are mainly owner occupiers, downsizers, upsizers and “lifestyle interstate migration relocators,” with a lot of inquiries from Melbourne. “There’s not many investors,” Justin said. “People are looking for suburban homes and downsized places. Demand for rural properties has slowed and the coast is still the most desired location. “There is low stock, high demand but low action and low urgency. “We’re getting good numbers and inquiries but they are still price sensitive.” Justin says the market has been hard to predict. “Many buyers are complaining they can’t find good property and buyers’ agents report increased activity due to a lack of supply,” he said. “I also think rates could rise one more time before Christmas. It’s the best time I’ve seen to sell so far this year.”
Open Homes
• ‘Bay Grand’ 2074/9 Enid Street Tweed Heads 12:15-
Saturday, October 21
• 3/15 Elizabeth St, Tugun 12:15-1:00PM QLD
• 2/14 Golf View Court, Banora Point, 1-1:30pm
• 4/72 Staplyton St Coolangatta 12:00-12:30pm QLD
• 250/2 Falcon Way, Tweed Heads South, 2-2:30pm
DJ Stringer Property Services
• 5/63 Dixon Street Coolangatta 1:00-1:30pm QLD
Belinda Franks Ray White
• 87 Garden Avenue Nunderi 10:00-10.30 NSW
JET Real Estate
• 20 Dorset Street, Murwillumbah - Sat 9-9.30am
• 1/14 Thrower Drive Currumbin 9:00-9:30am QLD • ‘Tweed Ultima’ 1076/14-22 Stuart Street Tweed Heads 10:00 -10:30am NSW • 128/20 Binya Avenue Tweed Heads 11-11:30am NSW • 201/8 Churchill Street Kirra 10:15-10:45am QLD
12:45pm NSW
• 12 Barkala Court, Ocean Shores9:30-10:00am • 506 Tweed Valley Way, South Murwillumbah 11:0011:30am • 51-53 James St, Murwillumbah 12:00-12:30pm
• 14 Birnam Avenue Banora Point 11:15-11:45am NSW Tate Brownlee Real Estate • 1/15 Boyd Street Tweed Heads 12:00pm-12:30pm NSW
• 183/2 Inland Drive, Tugun, 11-11:30am • 137 Botanical Circuit, Banora Point, 12-12:30pm
• 33 Dorothy Street, Murwillumbah - Sat 10-10.30am • 41 Barnby Street, Murwillumbah - Sat 11-11.30am • 1382 Numinbah Road, Chillingham - Sat 12-12.30pm • 4 Maria Court, Condong - Sat 1.1.30pm
Schmith Estate Agents • 2/7 Advocate Place Banora Point, 10-10.30am
• 12 Sunshine Avenue, Tweed Heads South, 9-9:30am
• 505/37 Bay Street Tweed Heads, 11-11.30am
• 22 Banora Hills Drive, Banora Point, 10-10:30am
• 81 Henry Lawson Drive Terranora, 11-11.30am
Our Community Comes First We all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients and potential buyers and personally communicate all the way through the sales process. After all, we’re going to be neighbours.
02 6672 2499 jetrealestate.com.au SELLING . BUYING . PROPERTY MANAGEMENT
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THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
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By Jo Kennett