Real Estate FROM COAST TO COUNTRY
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More stock but prices still rising in the Tweed By Jo Kennett THE PRICE of real estate in the Tweed Shire has still been rising in the last couple of months, but that price growth is slowing in comparison to the first half of the year. There are also more properties on the market, validating reports on the ground that a few locals are cashing in and moving out, though in some areas, like Bogangar, stock is still tightly held with limited properties available to buy or rent. Despite big jumps in prices in Pottsville over the past year, it’s still Kingscliff that has the highest property prices in the region, according to data from realestate.com and PropTrack. In shock news, something in the shire actually went down in price, and that was unit rentals in Murwillumbah, though not by much. Pottsville had 12 properties available for rent and 32 properties for sale on January 29, seven for rent and 39 for sale on July 28, and by October 5 the number of properties for sale had jumped to 48, with only five for rent. Median property prices over the year to ranged from $840,000 for houses to
$553,500 for units in January, increased to $964,500 for homes and $688,500 for units by July 28 and by September 30 had jumped to $1,050,000 for a house and $750,000 for a unit. Houses in Pottsville rented out for $595 per week on average and units for $450 in January, but by mid-August that had jumped to $650 for houses and $488 for units. By September 30, the average rent for a house had increased, but only to $660, while units had gone up $12 to $460 over the previous six weeks. Bogangar had only four properties for rent and seven for sale on January 29, seven for rent and ten for sale on July 28, and by October 5 there were only two for rent and ten for sale. The average Bogangar property prices were $912,500 for houses to $565,000 for units at the end of January, $1 million for houses and $595,000 for units at the end of July and continued to climb to $1,075,000 for houses and $682,500 for units by the end of September. In January, houses in Bogangar were renting out for $580 per week on average, with units
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This Bogangar home is on the market for $1.8 million-$1.85 million
$425, by mid-August houses had jumped to $650 and units were $500, and by October 3 houses had risen further to $670 with units jumping significantly to $580 per week. Kingscliff had 12 properties available for rent and 34 properties for sale on January 29, 45 properties for rent and 40 properties for sale by midAugust and by October 5 there was an increase to 58 for sale and 48 for rent. House prices have soared from $1.25 million for houses in January to $1.35 million in July to $1,475,000 on October
5, according to data from PropTrack. The average Kingscliff unit price rose from $625,000 in January to $762,500 at the end of July to $766,250 on October 5. Kingscliff house rentals averaged $720 per week six months ago with August 15 data from realestate.com.au showing an increase to $795, while units jumped from $500 to $565 on average. By September 30, Kingscliff houses were up slightly to $798 with units up to $590. Murwillumbah had ten properties for rent and 28
Raine & Horne Ocean Shores/Brunswick Heads/Murwillumbah: 5/51 Rajah Road, Ocean Shores, 12.30-1.30pm
DJ Stringer Property Services 2401/37 Bay Street, Tweed Heads 10am-10:30am 21/6-8 Thomson St, Tweed Heads, 10am-10:30am 2/42-44 Thomson St, Tweed Heads 11am-11:30am 1/266 Marine Parade, Kingscliff 11:15am-12pm 31/87-111 Greenway Dr, Banora Point, 12pm-12:30pm 65 McLeod Street, Condong, 12:30pm-1pm
properties for sale in mid-August and on October 5 there were eight properties for rent and 45 for sale on realestate.com. The median property prices in Murwillumbah at the end of July ranged from $620,000 for houses to $473,000 for units. By September 30 houses had increased to $662,185 while units were steady on $473,000. Houses in Murwillumbah on August 15 were renting out for $530 per week on average and units for $350, and by October 3 houses were up slightly to $540 a week while units were down to $325.
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Tate Brownlee Real Estate
62 Poinciana Avenue, Bogangar, 9am-9.30am 1/32 Sand Street, Kingscliff, 9.30am-10am 58 Sutherland Street, Kingscliff, 10am-10.30am 11 Bione Avenue, Banora Point, 11am-11.30am 29 Bimbadeen Avenue, Banora Point, 11.30am-12pm 39 Gollan Drive, Tweed Heads West, 12pm-12.30pm 8 Banora Terrace, Bilambil Heights, 12.30pm-1pm 249 Terranora Road, Banora Point, 2pm-2.30pm 9 Rosemount Court, Terranora, 3pm-3.30pm
We are so thrilled and honoured to be nominated in REI NSW Awards for Excellence... Now into its 25th year, the prestigious Real Estate Institute of New South Wales Awards for Excellence are the most respected and highest honour within the real estate profession, acknowledging exceptional performances across the industry. The 2021 finalists have just been announced.
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Among those honoured was our team at Raine & Horne Ocean Shores/Brunswick Heads & Murwillumbah, who have been shortlisted as finalists in the RESIDENTIAL SALES TEAM category. Megan Chynoweth, our Sales team’s Administration Manager, is also a finalist in the OPERATIONAL SUPPORT category.
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We are so thrilled and honoured to