Real Estate FROM COAST TO COUNTRY
Amazing views and location at Banora By Jo Kennett
AFTER A big rise in prices followed by a fall over 2022/2023, Banora Point property is back on the move again. It’s another suburb that was, not so long ago, incredibly cheap considering that half of it has some of the best views on the coast. The median home price back in 2019 and 2020 was in the low $600,000s, representing some of the best value in the region and hot property for canny investors. Banora joined the million dollar property club in 2022 — along with half the Tweed Coast — but once everyone calmed down about missing out on the best picks, prices dropped to a median of around $925,000 midway through last year. Now they are rising again, up 14.6 per cent in the last 12 months to a median of $1.02 million. Units jumped from around $440,000 in 2019/2020 to $685,000 in 2022. The correction was much less when it came in, with prices only down to around $635,000 mid-2023. Since then they have experienced similar growth to houses, up 13.9 per cent
Above: 10B Burrawong Court, Banora Point, is for sale with Kel Judd Real Estate Right: 14 Hibiscus Parade, Banora Point has ocean views and is for sale with Tate Brownlee
over the past 12 months to a median of $726,000. That’s some of the best numbers around as far as price growth goes over the past year, which is nice to know if you happen to be living there, especially if you are looking out over the Tweed River to Fingal and Cook Island. You have done well and I’m jealous because it’s seriously one of the most underrated and beautiful areas in the shire and close to everything. Last month Banora Point had 32 properties available for rent and 85
properties for sale. Houses in Banora Point are currently renting out for $820 per week and units rent for $650, which is a great return for investors. While you can’t get the gem homes here as cheaply as you once could, it’s still a fantastic place to live and one that will continue to grow in popularity. Whether you are looking for a home in a great location or an investment property with top returns, you will definitely come up a winner if you choose Banora Point.
Open Homes
• 2/4 Parkland Place, Banora Point, 3-3:30pm • 17/18 Brett Street, Tweed Heads, 4-4:30pm
Saturday, August 10
• 18/14 Lorikeet Drive, Tweed Heads South,
Tate Brownlee
Schmith Estate Agents 12-12.30pm
• 2/21 Beach Street, Kingscliff, 9-9:30am • 1/20 Magnolia Crescent, Banora Point, 9-9:30am • 2 Cambridge Court, Kingscliff, 10-10:30am • 2/6 Lochlomond Drive, Banora Point, 10-10:30am • 1/10 Kintyre Crescent, Banora Point, 11-11:30am • 4 James Cook Drive, Banora Point, 11-11:30am • 14 Market Parade, Terranora, 12-12:30pm • 2/36 Recreation Street, Tweed Heads, 12-12:30pm • 11 Trutes Terrace, Terranora, 1-1:30pm • 81a Old Ferry Road, Banora Point, 1-1:30pm • 14 Hibiscus Parade, Banora Point, 2-2:30pm • 8 Ellis Street, Banora Point, 2-2:30pm • 31/15 Kingston Drive, Banora Point, 3-3:30pm
• 159 Bilambil Road, Bilambil, 1-1.30pm
JET Real Estate
• 27 Silkpod Ave, Murwillumbah, 9:30-10am • 103 Commercial Rd, Murwillumbah, 10:30-11:00am • 133 River St, Murwillumbah, 11-11:30am • 1/34 Beryl St, Tweed Heads, 11-11:30am
Evergreen Exclusive Estates
• 6 Palm Road, North Tumbulgum, 11-12pm
DJ Stringer Property Services • 5/22 Garrick St, Coolangatta, 9-9:30am • 9/24 Dutton St, Coolangatta, 10-10:30am
Hot property
THIS WEEK’S Hot Property is one we’re fighting over in the Weekly office, with our advertising guru swearing she’s only a couple of bob short and me keen to arm wrestle her for the keys to this Cudgera Creek beauty. A sweeping driveway leads you to Forestdale, at 22 Cabbage Gum Road, an absolutely gorgeous property set on five acres. The character-filled man house has timber features, two bedrooms with ensuites, open plan living and a huge outdoor entertaining area wrapped around a sparkling blue 15 metre solar-heated pool which looks down to a lovely big spring-fed dam. There is a chicken coop and goat enclosure with three fourlegged lawnmowers part of the package. There is also an open plan three-bedroom guest house with a barbecue area and a fully self-contained studio, which is perfect for a big family or rental income. There is a games room, three carports, two study/bedrooms or utility rooms linked to the main home, as well as a double garage and huge workshop. There are park-like gardens with fruit trees, wastewater treatment systems, and two 30,000 litre water tanks. All of this is only ten minutes from the beautiful beaches of Pottsville and is on the market with DJ Stringer with a price guide of $2.5 million to 22 Cabbage Gum Road, Cudgera Creek $2.75 million.
• 4/3 Island Dr, Tweed Heads, 10-10:30am • 20 Eliza Fraser Court, Terranora, 11-11:30am • 22 Cabbage Gum Rd, Cudgera Creek,
11:15-12:00pm
• 11/3-5 Barrett St, Tweed Heads West,
12:15-12:45pm
McGrath
• 707/38 Enid Street, Tweed Heads, 10:30-11am • 1/56 Kennedy Drive, Tweed Heads, 12:30-1pm • 3041/2 Thomson Street Tweed Heads,
11:30am-12pm
• 140 Riverside Drive Tumbulgum, 12:45-1:15pm • 10 Durigan Place, Banora Point, 10-10:30am • 8/40-48 Kamala Crescent, Casuarina, 11-11:30am • 8 Guilfoyle Place, Cudgen,12-12:30pm • 6 Brett Street, Tweed Heads, 9:30-10am • 187/1 Mariners Drive, West Tweed Heads,
11:30-12pm
Is your investment property in good hands? We understand that managing investment properties takes more than oversight — it demands dedication and expertise. Our team offers comprehensive property management services tailored to your needs, so you can enjoy the rewards of your investment without the hassle.
Jason Dittmar 0477 711 858
02 6672 2499 jetrealestate.com.au
Elizabeth Hickey 0474 908 555
Tania Sheppard 0438 446 578
92154
WANT TO GET AN INVESTMENT PROPERTY HEALTH CHECK? CONTACT THE TEAM TODAY.