Real Estate FROM COAST TO COUNTRY
Tweed home values, rents still rising
By Jo Kennett
The Gold Coast and Tweed Heads were the worst performers on rental ACCORDING TO the latest report affordability, with the least affordable from CoreLogic, dwelling values rentals in the country at a median of are now rising faster in regional $805 per week. markets than in the capitals, with That’s up 3.1 per cent over the values up 1.2 per cent and 1 per cent quarter, 6.7 per cent over the year respectively, over the three months to and 50.6 per cent over the last five January. years. The Gold Coast and Tweed Heads Gross rental yield was 4.4 per cent area had the worst rental affordability compared to 4.6 per cent a year ago. in the country, with rents and home The median value of homes in the values still rising, days on market Gold Coast Tweed Heads region still short, and vendor discounting is $928,498, an increase of 2 per also decreasing over the last year, cent over the quarter, 11.3 per cent Unit 5, 4 Mugga Way, Tweed Heads, sits indicating the market is still pretty hot. just below the area's median home value annually and a whopping 68.6 over “Although the pace of quarterly the past five years. 2023 largely normalised, regional value growth across the combined Vendor discounting was down to markets continued to see weaker regions has eased from 1.6 per cent 3.8 per cent compared to 4.3 per sales counts, with 42 of the 50 largest in November 2023, the combined cent discounting a year ago, meaning regional SUAs recording a decline capitals has seen a sharper sellers had enough interest to hold out in annual sales compared to the deceleration, from a recent peak of for a good price. previous year,” the report states. 3.9 per cent over the three months Properties were 26 days on the “Lismore recorded the largest to July 2023,” the Regional Market market before sale on average, increase in sales, up 73.4 per cent Update for February 2024 states. compared to the previous year, when compared to 25 this time last year, “Growth remains relatively varied the recovery from the February 2022 which indicates there is still plenty of across Australia’s largest 50 noncompetition for sales. flood affected sales, while Ballina capital city significant urban areas There were 17,696 properties sold saw sale counts rise by 14.4 per cent. (SUAs).” “The CoreLogic regional rental index across the Gold Coast Tweed Heads Gold Coast and Tweed Heads are recorded a 2.3 per cent increase over SUA over the past year, which was included in the report as one SUA. 11.9 per cent lower than one year the three months to January, up from “While capital city sales activity ago, and 10.2 per cent below the five a recent low of 0.4 per cent over the September quarter of 2023.” over the 12 months to November year average for the region.
Saturday, March 2 JET • 51 Hall Drive, Murwillumbah 9:30-10:00 • 8 McPherson Court, Murwillumbah 10:30-11:00
DJ Stringer Property Services • 4/3 Island Drive Tweed Heads 10-10.30 NSW • 5/42 Boundary St, Tweed Heads 10-10:30 NSW • 6/24 Dutton St, Coolangatta 10-10:30 QLD • 2/144 Kennedy Drive, Tweed Heads 11-11:30 NSW • 2 Bolwarra Pl, Bilambil Heights 11-11:30 NSW • U2111 Tweed Ultima, Stuart St, Tweed Heads
THIS WEEK’S hot property is a character-filled Banora Point home with incredible views over the river and out to the ocean. Number 29 Bimbadeen Avenue is a three-bedroom, two-bathroom house with two parking spaces that sits on a big 746 square metre block. The two-storey home is on the high side of the street and is filled with timber features including pitched ceilings lined with timber beams. There are large windows in the living area with stunning views and the master suite upstairs has sweeping views of the water. The property has a landscaped rear yard for easy access to the elevated entertaining deck. It’s the perfect place to entertain and to enjoy the panoramic views. The property also has a large driveway and a large car parking area to accommodate multiple vehicles. This unique property has plenty of space, privacy and stunning water views and is on the market with Tate Brownlee Real Estate Banora Point. It can be inspected this Saturday, March 2, from 9am to 9.30am, Monday, March 4, from 5pm to 5.30pm or Saturday, March 9, from 9am to 9.30am. An auction for the property will be held on Tuesday, March 12 at 6.30 pm. Contact Tate Brownlee for details.
Tate Brownlee
11:00 - 11:30am NSW Time • 202/108 Pacific Pde, Bilinga 11-11:30 QLD • 12 Amaroo Drive, Banora Point 9-9.30 NSW • 143 Tweed Valley Way, Murwillumbah 1:15-1:45 NSW • 29 Bimbadeen Avenue, Banora Point 9-9.30 NSW • 35 Tweed Valley Way, Murwillumbah 2-2:30pm NSW • 27 Hibiscus Parade, Banora Point 10-10.30 NSW
MANA
• 38 Curtawilla Street, Banora Point 10-10.30 NSW
• 241 Middle Pocket Road, Middle Pocket 12-12.30
• 34/22 Binya Avenue, Tweed Heads 3-3.30 NSW
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• X 10 Bushranger Road, Terranora 11-11.30 NSW • 3 Kallaroo Circuit, Ocean Shores 9-9.30 • 8/185 Kennedy Dr, Tweed Heads West 11-11.30 NSW • 11 Dignan Street, Burringbar 9.30-10 • 8/11-13 Kingscliff St, Kingscliff 12-12.30 NSW • 2/1 Durroon Court, Ocean Shores 9.30-10 • 2/5 Canowindra Court, South Golden Beach 10-10.30 • 3 Paperbark Court, Banora Point12-12.30 NSW • 11/39-45 Tweed Coast Rd, Bogangar12-12.30 NSW • 1/9 Boondoon Crescent, Ocean Shores 10.30-11 • 19 Birkdale Court, Banora Point 1-1.30 NSW • 24 Gloria Street, South Golden Beach 11-11.30 • 13/3-19 Amaroo Drive, Banora Point 1-1.30 NSW • 14 Spring Street, Murwillumbah 11-11.30 • 2431 Coolamon Scenic Dr, Ocean Shores 11.30-12.30 • 81 Jacaranda Ave, Tweed Heads West 2-2.30 NSW • 1/53 Charles St, Tweed Heads 2-2.30 NSW • 119 Commercial Road, Murwillumbah 12-12.30
We all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients and potential buyers and personally communicate all the way through the sales process. After all, we’re going to be neighbours.
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