Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
Local agents seeing a boost in new listings THE TWEED Shire real estate market has remained strong through the coronavirus pandemic with most suburbs experiencing moderate growth. Casuarina units experienced the largest quarterly jump in prices of 12 per cent and an annual increase of 18 per cent, while homes in Casuarina remained relatively stable, losing 1 per cent. Kingscliff continued to be strong in both houses and units experiencing a 3 per cent increase in the median price and an 8 per cent quarterly increase in units, while its annual growth looks strong on 10 per cent and 11 per cent, respectively. Murwillumbah homes increased by 4 per cent during the quarter and 8 per cent for the year. Pottsville homes have grown 4 per cent over the quarter while Bogangar units grew by 4 per cent and 12 per cent annually. Tweed Coolangatta Real Estate Principal Michael Smith said he was “currently short on listings as demand continues”. “There is good property interest coming from local families, firsthome buyers and families looking
to relocate to this area,” he said. “The majority of interest is for free-standing homes and duplexes with a medium price of $700K and duplexes $500K. Units and home renovators are also popular. “The Tweed/Coolangatta market is strong, steady and affordable with plenty of opportunity for first-home buyers, investors and retirees.” Raine & Horne Ocean Shores/ Brunswick Heads/Murwillumbah Principal Julie-Ann Manahan said the Northern Rivers and Tweed Shire Property Market remain “steady as she goes” with more committed buyers in the marketplace and in some instances “even leading to higher than expected prices”. “We are definitely experiencing an early spring as the last week has seen over a dozen new listings coming on between both our offices,” she said. “The first-home buyer market has definitely seen one of the greatest growths, especially with the $25K to build a new home or renovate an existing home. “The other market that has seen a substantial movement is the acreage lifestyle properties, in particular acreage anywhere from
Raine Horne
five to 30 acres.” Ms Manahan said her advice to buyers is “buy now”. “COVID-19 has definitely made prospective buyers realise how easy it is to work from home which also means making the sea change or tree change,” she said. “Even with border closures, properties are still being sold sight unseen and off the plan.” Harcourts BMG real estate agent Andrew Boulter said post COVID-19 the property market in the Banora Point/Terranora area is going “remarkably well”. “Known to consistently hold their value, homes in this area foster confidence in potential buyers,” he said. “Homes within the $500K-$700K range (median $629K) are being sold extremely quickly as astute buyers snap up a home in this beautiful area.” Mr Boulter said homeowners are aware that as we approach September/October – a historically busy time – there will be many houses competing on the market. “Therefore, we are seeing consistently large numbers of people ready to buy and sell now, embracing this positive upturn and making their move,” he said.
are certainly being favoured.” DJ Stringer Owner and Principal David Stringer said there is a shortage of new listings but there are plenty of keen buyers looking to find their dream home. “Listings are still very tight since COVID took hold and many potential sellers still believe it is not the best time to sell, as there is far too much negativity in the world and the borders are playing havoc with travellers,” he said. “In the coal face, yes we agree that these are dark times, however the shining light on the property industry is that buyers are out in force and buying up big – so it’s a perfect time to list.” Mr Stringer said large beachfront apartments have been attracting the most interest. “We have seen a surge of enquiry for larger, three-bedroom beachfront apartments from $1 million to $2.5 million,” he said. Purchasers ready to buy now should have their pre-approvals in place, according to Mr Stringer. “The best advice for potential buyers is to get your finance preapproved now as banks like many businesses are working at lower capacity and approvals can take up to four weeks,” he said.
Ocean Shores / Brunswick Heads / Murwillumbah Price Guide: Contact Agent
Just Listed
Picturesque River Mountain Views, Classic Home 23 River Street, South Murwillumbah
“Buyers are seeking dual living arrangements for extended families and of course homes that offer the opportunity for investment and growth. “If you are looking to buy, ensure you have all your ducks in a row and be ready to make a strong and confident offer, in these fastmoving times don’t be left behind.” Elders Tweed Valley Principal and Sale Consultant Craig Dudgeon he would like to see more listings as supply is limited. “The market is certainly strong and looking good for the remainder of the year, seeing more buyers then properties,” he said. Mr Dudgeon said the last few weeks has seen the sub-$600K market hot up. “Still getting lots of enquiry on lifestyle acreages with limited supply to offer,” he said. “Properties that are presented to the market well are the ones that are performing exceptionally.” Mr Dudgeon said anyone considering buying should get their finance and pre-approval in place. “Talk to your financiers and get pre-approval and get as much information ready,” he said. “The finance process is taking longer than usual and cash buyers
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Private Coastal Acreage with Motorway Convenience Lot 101, 19 Sleepy Hollow Road, Sleepy Hollow 4
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Imagine relaxing on your large entertaining deck overlooking the majestic Tweed River, with Mt Warning in the distance. Here, you can enjoy the most amazing sunsets almost every day of the year and watch our stunning Mt Warning get the first kiss of sun in the morning to the last ray of light in the evening. This beautifully renovated retro-style family home is now ready to welcome a new family. After 20 years, the current owners are moving onto their next adventure. Situated on a 565 square metre block, the highset brick and weatherboard home with Colorbond roof is extremely appealing for the entire family. Beyond the inviting front staircase, you’ll find the oversized front deck, which leads into the home’s spacious entry and through to a central lounge/living area with air conditioning. You’ll find high ceilings featuring beautiful mouldings and decorative cornices throughout the property.
Have you been searching for a rural property close to the beach, with an elevated building site plus panoramic Ocean and Mountain views? Well it does exist, here it is for one lucky buyer. Will it be you?
Price
Just Listed
Price
Contact Agent
View
Saturday 11 July, 10.00 - 10.30am
View
Private inspections welcome
Agent Elizabeth Hickey /Area Sales Specialist 0428 883 815
Raine Horne
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* The property consists of 29 acres (11.88 ha) of elevated hill tops falling either side to a mix of bush and cleared pasture. To the north, panoramic views to the Cudgera Creek Nature Reserve and the East views extend to the Ocean. * The hard work has been done to provide a canvas for your dream house, as you enter the property through a timber post and rail entry, a grand driveway carries you to the hill top with a level building site. The northern aspect also lends itself to Solar power.
Agent Jason Di mar / LREA / Stock & Station Agent 0477 222 452 Julie-Ann Manahan /Licensee /Principal 0411 081 118
(02) 6672 4477
rh.com.au/murwillumbah
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By Jonathon Howard