Best time to buy since 2020
By Jo Kennett
IT’S OFFICIAL. According to the latest data on Australia’s regional property market, it is now definitely a buyer’s market in the Tweed Shire — at least way more than it has been over the last couple of years.
Core Logic have just released their quarterly regional report of 25 of Australia’s largest noncapital city regions, examining performance across both house and unit markets over the 12 months to April 2023.
We have to take into account that the data for the RichmondTweed includes a whole lot more than our shire and some very expensive real estate in the Byron area, but more on that later.
After an insane boom in prices over the great pandemicled migration out of the cities and into the regions, and an accompanying buying and selling frenzy, the market has really turned.
The Richmond-Tweed area was the worst performing region in most categories in the nation, but
that’s only if you’re selling and not bad at all when you think of what your property was worth prepandemic.
We had the lowest yearly growth in values in the country, a correction down of 24.2 per cent.
Over the past couple of years house values in the area surged 51 per cent and despite the sharp drop, values remain 14.4 per cent above pre-COVID levels.
The Richmond-Tweed region also had the biggest drop in the nation in sales volumes, down 39.9 per cent from April 2022 when a lot of our mates were deciding to cash in on the crazy home prices, pay off the mortgage and get the heck out of dodge.
We’d try to tell them they were mad to leave paradise and their amazing friends, but they’d truck off anyway, as if we counted for nothing.
Our region also had the highest vendor discounts for houses, dropping prices 7.9 per cent on average, which is usually factored into the asking price, although a year ago it was 3.9 per cent with
property in hot demand.
We were pipped at the post by the Shoalhaven for the longest time on the market though the Tweed Shire performed comparatively well against the Byron Shire, as usual dragging the whole tone of the neighbourhood, and stats, down.
A year ago houses in our region were on the market for an average of 41 days, while to April this year it was 71 days.
We fared better on the unit market, only taking out one of the biggest drop awards.
We recorded the highest annual drop in values of regional units over the 12 months to April, down 13.9 per cent, but then things had been getting a little crazy so it’s probably not a bad thing.
The volume of unit sales was down 26.5 per cent, which wasn’t as much as houses.
Richmond-Tweed came runnersup in the slowest sales times for units across the country, with a median time on the market of 60 days.
There were 4,247 properties sold in the Richmond-Tweed
region in the 12 months to February this year.
The most house sales were for properties in the one to two million-dollar range, though that’s just what they seem to cost these days, ditto for units in the $600,000 to $800,000 range.
The days on the market stats for houses was dragged down by Byron (73) and Richmond Shire (98), with Tweed Shire homes selling relatively quickly at 59 days and units were only on the market in the Tweed for 48 days on average.
The Richmond Shire includes places like Casino and Kyogle which have way cheaper real estate than Tweed and Byron despite all the beef.
The stats look much better across the board for the Tweed Shire than Byron and Richmond.
A total of 1,024 houses sold here to April this year, with the number of sales down 38.9 per cent. House values were down 21.3 per cent to a median value of $920,858 which means many locals are no longer paper millionaires. Median vendor
discounting was 6 per cent.
A total of 887 units sold in the Tweed Shire in the 12 months to April, a drop of 21.5 per cent with a median price of $662,079. The drop in unit values was 9.2 per cent which was much better than the 13.9 per cent for the Richmond-Tweed region. Sellers were only dropping prices by 4.7 per cent on average.
Okay, I think we all need to sit down and have a drink after all those numbers.
I’m a glass half full kind of gal and I reckon the whole easing of the market is a good thing.
It means there is more scope to buy in, less stress when buying (no punch ups at the auction), you are likely to get a better deal and you could end up owning a piece of Nirvana.
On the other hand, if you are a buyer you can’t really complain. The value of your property has risen significantly in the last two years and if you do decide to sell you shouldn’t have any trouble snagging a sale as long as your price takes into account all these factors.
Photography Video 360 virtual tour 2D floor plans Social Media Campaign Get your FREE MANA Marketing Bundle worth $2,500 Our property marketing offer includes FREE: Offer is available to anyone who lists their property for Sale with MANA. Limited time only. manare.au 89783 Real Estate FROM COAST TO COUNTRY Open Homes Saturday, May 27 Ray White Rural Belinda Franks 8 Riverview Street, Murwillumbah, 10-10.30am 4 Maria Court, Condong, 11-11.30am 199 Tweed Valley Way, South Murwillumbah, 12-12.30pm DJ Stringer Property Services 4/27-29 Dutton St, Coolangatta ‘$770,000’ 9-9:30am 9/14 Thrower Dr, Currumbin ‘Interest Over $895K’ 10-10:30am 39 Clonakilty Cl, Banora Point ‘Price Guide $850K-$890K’ 1011am 1/34 Pacific Pde, Bilinga ‘Interest Over $1.45M’ 11-11:30am 11/22 Binya Ave, Tweed Heads ‘Price Guide $595K-$650K’ 11:3012pm 4/9 Botany Cres, Tweed Heads ‘Price Guide $770K-$790K’ 12:301pm MANA Real Estate 2A Oba Place, Ocean Shores. Sat 9-9.30am 9 Buchanan Street, South Murwillumbah. Sat 9-9.30am 15 Natan Court, Ocean Shores. Sat 9-9.30am 60 Reserve Creek Road, Keilvale. Sat 10-10.30am 46 Narooma Drive, Ocean Shores. Sat 10-10.30am 8 Redgate Road, South Golden Beach. Sat 10-10.30am 72 Bonnydoon Road, Uki. Sat 11-11.30am 3/1 Yalla Kool Drive, Ocean Shores. Sat 11-11.30am 21 Pacific Street, New Brighton. Sat 11-11.30am 66 Castle Field Drive, Murwillumbah. Sat 12-12.30pm 1/8 Yengarie Way, Ocean Shores. Sat 12-12.30pm 86 Castle Field Drive, Murwillumbah. Sat 1-1.30pm Tate Brownlee Real Estate 44/5-7 Soorley Street, Tweed Heads, 9-9:30am 3/1 Moorley St, Tweed Heads West, 9-9.30am 3 Clonakilty Close, Banora Point, 9-9:30am 41 Lochlomond Drive, Banora Point, 10-10:30am 4B Oyster Point Road, Banora Point, 10-10:30am 13 Australia Drive, Terranora, 12-12:30pm 37 Seaview Street, Tweed Heads South, 12-12:30pm 1/9 Honeysuckle Street, Tweed Heads West, 1-1:30pm 676 Terranora Rd, Terranora, 1-1.30pm 56 Honeymyrtle Drive, Banora Point, 2-2:30pm 7 Sandpiper Av, Tweed Heads, 3-3.30pm
Mr Property Services
(Under Contract)
$115,000 Chinderah Lakes - Chinderah $169,000 Royal Pacific Residences - Chinderah 2 1 1 $359,000 $269,000 $465,000
Banksia Waters - Tweed Heads West Tweed Billabong - Tweed Heads South Tweed Broadwater - Tweed Heads South 2 1 1 1 1 S 2 1 S $349,000 $189,000 $489,000 Banksia Waters - Tweed Heads West Tweed Billabong - Tweed Heads South Tweed Broadwater - Tweed Heads South 2 1 2 89922
139 Minjungbal Drive, Tweed Heads South Phone: (07) 5523 3431 | Mobile: 0423 028 468 1 1 1 2 1 2 2 1 1
4 Maria Court, Condong
Spacious 4 brms | 2 living areas | media/office | pool
This immaculate and beautifully maintained family home will be a joy to come home to. Taking in an elevated position overlooking the parkland setting offers a protective position without losing your stunning river & mountain view. Spacious throughout with a beautiful modern kitchen, 2 separate living spaces plus a media room/office, ensuited master brm and a private, fully fenced yard with large covered outdoor living area & inground pool.
1 Back Creek Road, Brays Ck - Tyalgum
9.3 acres| Dwelling Entitlement | permanent creek
Open Home Sat 11 - 11.30am
Price Guide
$1.2 - $1.295m
199 Tweed Valley Way, South Murwillumbah
3 bed | 2 bath | boatramp & timber jetty | mountain views
This solid home has been completely renovated by a builder, from the inside out and retains original timber floors & decorative plaster ceilings. Full privacy fencing from road with room to manoeuvre in back yard, the property has a boat ramp and timber deck where you can fish, kayak or row, launch the tinny or push the ski boat in. Covered outdoor living area for relaxed entertaining ,open plan living, sunroom/entry, 3 nicely proportioned bedrooms (ensuited main), sep. toilet, remote garage & storage/workshop area. Updates: New roof & sisalation, plumbing & wiring, plaster linings, fixtures & fittings, windows & doors, 2 bathrooms and kitchen. All asbestos & lead paint removed. No upper level flood inundation in 2022.
Open Home Sat 12 - 12.30pm
Price Guide $880 - $920k
Positioned in the heart of the beautiful Tyalgum Valley surrounded by the majesty of the Caldera of the Border Ranges National Park, Mt Warning & The Pinnacle. This 9.3ac is the perfect blank canvas for your self-sustainable rural retreat with frontage to Brays Creek (permanent) and a confirmed Dwelling Entitlement. Plenty of room for livestock, fruit trees and vege gardens. The soils are fertile volcanic basalt. The buzzing village of Tyalgum is 5.9km for great food, coffee, gelato at the cafes & refurbished hotel.
8 Riverview Street, Murwillumbah
3 bed | 2 bath | extensive storage | walk to town
Meticulously presented, this home provides modern comfort with added benefits that include extensive secure storage areas, plenty of covered car accommodation for (5) vehicles, including your trailer, boat or caravan, plus room in the fully fenced rear yard for children, pets and a garden, all conveniently accessed from the rear lane (Nullum Lane) through double gates. There is nothing to do but move in and start enjoying this low maintenance property, being able to walk to town, access to parkland (Knox Park) for the kids and of course freeing yourself up to enjoy your weekends. No renovations, no huge lawns or big gardens to look after either. Genuine seller is relocating for work & business opportunities.
Belinda Franks - 0409 152200
Ray White Rural Murwillumbah
Price $719,000
Open Home Sat 10 -10.30am
Price Guide
$900 - $940k
Ready to Negotiate 89930
FOR SALE Paul McCarthy - 0418 989 299 realestate2487@aapt.net.au www.realestate2487.com.au 4 Vulcan Street., Kingscliff $1,795,000 $1,745,000 O.N.O. We focus on SELLING ONLY! Thinking of Selling – Contact realestate2487 servicing Kingscliff and Tweed Coast. 89900 Club Tweed next to Tweed Shire Council SOLD Paul McCarthy 0418 989 299 realestate2487@aapt.net.au www.realestate2487.com.au 16/13 Parkland Place Banora Point $655,000 - $675,000 Private & Tranquil Low Maintenance Affordable Price Desired Kingscliff Hill Ideal Family Home 613 Sqm Level Block Covered Outdoor Areas 3 2 2 1 4 3 2 This space is RESERVED COMPLIMENTARY FOR YOUR PROPERTY Digital image
NORTHERN IVERS PROPERTY GROUP m: 0448 191 351 e: Paulstobbie@atrealty.com.au Suite 2A Warina Walk Arcade, 114 Murwillumbah St, Murwillumbah MARKET UPDATE m: 0422 265 871 e: adrianna@atrealty.com.au PAUL Adrianna Suite 2A Warina Walk Arcade, 114 Murwillumbah St, Murwillumbah @paulstobbieatrealty @AdriannaNRPG Qualified buyers - 60 Written offers - 23 Sold properties - 10! 6 week snapshot Northern Rivers Property Group Our campaign results: 48 days on market 39 enquiries 9 inspections 5 written offers I would highly recommend Paul and Adrianna from Northern Rivers Property Group to any potential vendor wanting to sell their property. We received a high level of service and the marketing was second to none. If you are considering coming to market, reach out to Paul 0448 191 351 and Adrianna 0422 265 871 for strategic advice, premium marketing planning, five-star service and a sale result worth celebrating! 92 Braeside Drive, Uki 249 Rowlands Creek Road, Uki 89959
Competition
PRIZES FOR EACH CATEGORY PLUS EVERY GARDEN THAT ENTERS GOES IN TO THE DRAW TO WIN THE MAJOR PRIZE!
Meet our special guest, garden guru & ABC Radio ‘Good Gardening’ celebrity Phil Dudman at our exclusive awards event, THURSDAY 19TH OCTOBER 2023, 3PM - 5PM
You don’t have to be a professional gardener or possess a green thumb to enter!
THE CATEGORIES ARE AS FOLLOWS (YOU CAN ENTER UP TO 3 CATEGORIES)
Entries - now open & close 30th of September 2023... Judging dates will be announced early September Visit: www.djstringer.com.au/garden to enter, or scan and email the form below to: reception@djstinger.com.au
1) SMALL SPACE GARDEN – BALCONY, COURTYARD/PATIO
For gardens with balconies , courtyards or patios.
2) GENERAL SIZED GARDEN
All general gardens up to 1000 m2 of land space.
3) LARGE GARDENS & ACREAGE Gardens larger than 1000 m2 of land space.
4) EDIBLE GARDEN & VEGIE PATCH
Edible gardens including vegie patches.
5) SUSTAINABLE GARDEN Sustainable Gardens/Eco friendly and the use of natural/organic products – no size limit.
6) PRETTY GARDEN We’re looking for pretty flowering gardens in this category big or small.
Or scan the QR Code to enter
7) COMICAL OR QUIRKY GARDEN For that garden that oozes personality & or charm in any shape or form, big or small.
8) SCHOOL GARDEN Edible, sustainable, flowering , students gardens & or just beautifully maintained grounds.
9) BEST WATER FEATURE Special fish pond & or general water feature of any size.
10) BEST MAN CAVE Can be attached or unattached to home, sports bar area / billiard room or workshop but it must represent its owners personality.
11) BEST TENANTS GARDEN Tenants must have been renting the home & maintained all gardens for in excess of 12 months.
12) BEST COMMUNITY GARDEN Community garden with various participant gardeners.
Garden 2023
OPEN TO SOUTHERN GC - PALM BEACH TO COOLANGATTA & TWEED TO KINGSCLIFF RESIDENTS
T r i p f o r 2 p e o p l e t o t h e 2 0 2 4 M e l b o u r n e I n t e r n a t i o n a l F l o w e r & G a r d e n S h o w !
TITLE FIRST NAME SURNAME ADDRESS SUBURB POSTCODE CONTACT PHONE NUMBER MOBILE EMAIL
76 Griffith Street, Coolangatta QLD 4225 | www.djstringer.com.au | 07 5599 5222
FLIGHTS
ACCOMMODATION 89902
INCLUDING
&
MOST PROMINENT DEVELOPMENT SITE IN
76 Marine Parade Kingscliff
Outstanding opportunity to capitalise and re-develop this high profiled landmark site which allows for both Residential & Commercial options.
This prime landmark site is located on the highly exposed junction of the beachfront esplanade and Seaview St, directly opposite the Kingscliff Surf Club and surrounded by a smorgasbord of cafés & retail outlets, the Kingscliff Shopping Village anchored by Woolworths and the highly acclaimed Kingscliff Hotel which is a few hundred meters away.
KEY DETAILS:
• 885m2 allotment
• 2 street frontages (Marine Pde & Seaview St)
• Zoned MU1 (mixed use Residential / Commercial)
• Height to 13.6M / Floor ratio 2:1
• Suit luxury apartments, retail, professional offices & medical (STCA)
For Sale
By Negotiation David Stringer 0418 150 731
david@djstringer.com.au
(07) 5599 5222 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au the home of real estate 89924
KINGSCLIFF
SOLD PRIOR TO AUCTION SOLD PRIOR SOLD PRIOR SOLD PRIOR SOLD PRIOR 89961 5 2 3 4 2 2 3 2 2 3 1 1 8 Terranora Road, Banora Point $905,000 9 Tralee Drive, Banora Point $825,000 17 Kinross Close,
Point
19
Drive,
Point
Banora
$940,000
Summit
Banora
$852,000
