Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
COVID drives big jump in Tweed growth Local agent nominated By Jo Kennett A REPORT from a leading digital media company shows that COVID-19 is driving growth in regional real estate markets including the Tweed region. The REA Group’s Regional Australia Report found that the RichmondTweed region is one of the strongest performing regional areas nationally in terms of activity on their website realestate.com.au. “COVID-19 has resulted in shifts across many parts of the economy including preferences and demand for housing,” the report, authored by REAs Nerrida Conisbee states. “Throughout regional Australia, it appears population growth is strengthening more quickly than it otherwise would have in 2020.” The report found that while there had been a shift to regional areas over recent years as a result of affordability, that had generally been to regional cities such as Wollongong and Geelong that have more expensive housing due to their proximity to capital cities. According to the report, since COVID-19, “many of the regional areas seeing jumps in popularity and pricing are not within an easy commute.” The report found that COVID-19 has resulted in shifts across many parts of the economy including preferences and demand for housing. “Throughout regional Australia, it appears population growth is
strengthening more quickly than it otherwise would have in 2020,” Ms Conisbee said. While the population shifts won’t be officially confirmed until the Australian Bureau of Statistics (ABS) releases its data, the report said an increase in popularity of regional Australia could be seen on realestate.com.au data. “Search activity for regional Australia spiked earlier this year, which has since resulted in house price growth,” the report states. “There are two distinct trends driving up demand for regional property; lifestyle and jobs. “As such, there are some areas experiencing far stronger interest than others. “Remote working as a result of COVID-19 is making a lifestyle change possible for some, while strength in parts of the economy that are more COVID-19 resistant than others, in particular mining, is also sending people to regional communities.” The report found that the pandemic has also accelerated interest in some
regional areas that were “already very popular prior to COVID-19.” “It’s not surprising that the swing to fringe locations has occurred most prominently in states with our most expensive capital cities; Victoria, New South Wales, Western Australia and Queensland,” the report said. “While population growth has generally been focused in capital cities, primarily because employment and job opportunities have been located in city centres. “While long term population growth, and hence housing demand, has been capital city centric, over the past five years, there has been a gradual shift to some parts of regional Australia. “Specifically, to areas located on the fringe of capital cities.” According to the report, the construction of the light rail and continued improvements to the Pacific Motorway was “likely to be supporting jobs and population growth” on the Gold Coast where many Tweed residents work.
By Jonathon Howard RAINE & HORNE Ocean Shores, Brunswick Heads and Murwillumbah Principal, Julie-Ann Manahan, has been shortlisted for the coveted 2020 REB Women in Real Estate Awards. Ms Manahan has been named a finalist in the Principal of the Year (Regional) category, with the winners set to be announced via a virtual awards ceremony on Friday, December 11. The Women in Real Estate Awards is regarded as one of the real estate profession’s most prestigious accolades, with recipients representing a cross-section of the real estate industry, from the most prolific salespeople to those that deliver excellence in customer service. Ms Manahan said it is a welcome acknowledgment for the hard work her team has put in – “especially in this incredibly challenging year”. “For me, it’s all about the team,” she said. “I’ve continually grown the business by proactively seeking and implementing new ways to assist our entrepreneurial team to grow their business within the business.”
Open homes
1/42-44 Thomson Street, Tweed Heads,11am-11:30am
Saturday, November 28
11/30 Lanham Street, Coolangatta, 12pm-12:30pm
37 Warwick Park Road, Sleepy Hollow. Sat. 10am-11am
DJ Stringer:
4/27-29 Dutton Street, Coolangatta, 1pm-1:30pm
8 Trinity Drive, Goonellabah - 10:30-11am
*All open homes are listed in NSW time
Pinnacle Estate, Ramsay Close, Goonellabah - 9am-10am
3/182 Kennedy Drive, Tweed Heads West,12pm-12:30pm 47 Andrew Ave, Pottsville. Sat. 9.30-10.00am
2135 Tweed Ultima Stuart St, Tweed Heads - 9:30am-10am Raine & Horne Ocean Shores/Brunswick Heads/
13 Yungarup Place, Ocean Shores – 11am-11.30am
2122 Tweed Ultima Stuart St, Tweed Heads, 10am-10:30am Murwillumbah:
34 Reserve Creek Road, Kielvale - 11.30am-12pm
Gardener’s Delight, Big Block with Views, 5 mins to Town 34 Reserve Creek Road, Kielvale 4
2
4
Set amongst a peaceful, village-like atmosphere, on 1378sqm & just 5 minutes’ drive from the heart of Murwillumbah, this well-presented, private family home with picturesque views to Mt Warning and the pristine Tweed caldera is sure to please. Nestled amongst established trees this welcoming home is surrounded by ornamental and vegetable gardens brimming with produce and will delight gardening enthusiasts. Tradies and handymen will love the huge garage with workshop area plus loads of storage and guest accommodation downstairs. The property would be ideal for families, keen gardeners and/or a home-based business owner. Price Auction On-Site Saturday December 5th at 12.00pm View Saturday 11.30am-12.00pm Agent Jason Di mar 0477 222 452 Elizabeth Hickey 0409 812 229
FREECALL 1800 547 848 rh.com.au/murwillumbah
85113
Raine Horne
(02) 6672 4477