Real Estate FROM COAST TO COUNTRY
M A R K E T U P D AT E A N D T W E E D L A N D VA L U E S sweet spot in the time of year where purchasers will always pay a little more to secure the property to be in and settled by Christmas.
Market update A FINAL market update in the lead-up to Christmas with Principal at Elders, Tweed Valley, Craig Dudgeon.
How is the market looking going into Christmas?
There are still a lot of buyers trying to secure a property leading into Christmas. Generally based on previous years, the second week in December things slow down, which is possibly me being more hopeful things will ease up, as getting to the end of year I’m looking forward to the prospect of having more than two days off in a row. There is a reduction in listings going live in the weeks prior to Christmas. Based on the appraisals being done there looks like lots of listings hitting the market in the new year and we will be hitting the ground running.
How are property prices looking at the moment compared to the past year/few months?
Are there many people listing property for sale, maybe thinking there are more buyers around?
As we get closer to Christmas people focus on family and holidays. Most people from December onwards will wait till the new year. Solicitors and conveyancers will generally take three weeks off and will start to return to work after January 12.
Is it worth owners putting a pool in or are there better ways to add value?
I always advise that presentation is the most important. Pools can rule out lots of purchasers. Spend money on preparing your property for sale with presentation being the focus. The seven second law of attraction applies to property as well as partners. You cannot have a second first impression. Driveways and entrances are important, particularly on rural properties. People are naturally aspirational and love a sense of arrival, this can also relate to a residential property.
Property prices are holding firm and we have just been through that
Open Homes All times are DST unless specified.
Saturday, December 6 Schmith Estate Agents
• 241 Alcorn Road, Knockrow, 11–12pm • 49 Dixon Street, Coolangatta, 11–11.30am QLD time
DJ Stringer
• 9/277 Golden Four, Bilinga, 9–9.30 am QLD • 301/6 Coyne St, Kirra, 11–11.30am QLD Time • 4/27-29 Dutton, Coolangatta, 12–12.30pm QLD Time
Tweed land values BETWEEN JULY 2024 and July 2025, residential property values across the Tweed Shire recorded a moderate increase according to the latest NSW Valuer General’s land value report. While some areas like Brisbane Street Murwillumbah saw big jumps, the NSW Valuer General says that doesn’t necessarily mean rate rises. Property sales are the most important factor valuers consider when valuing land, and as the market continued to rise so did land values. Increased interstate demand for affordable flood-free industrial land saw a very strong increase of values in the Industry Central Estate, South Murwillumbah, up 37.3 per cent, while commercial land on Tweed Coast Road, Bogangar rose 16.5 per cent. The suburb of Kings Forest experienced particularly strong growth, largely driven by the nearing completion of stage one of its development. Substantial value gains were also observed in medium-density residential land within Bogangar, Hastings Point, Tweed Heads South, and Banora Point, with more modest increases noted in Tweed Heads and Murwillumbah. Brisbane Street in Murwillumbah had the highest rise in value, up 19 per cent {Riverview Street was up
Residential land values in Brisbane Street, Murwillumbah, jumped 19 per cent
10.8 per cent}, while Cox Drive, Tweed Heads South and Keith Compton Drive, in Tweed Heads were up 14.3 per cent. Hastings Road, Bogangar, rose 13.8 per cent and Old Pacific Highway, Burringbar, rose 11.7 per cent. Advocate Place, Banora Point, was up 11.8 per cent, while Westwood Street, Banora, Reserve Creek Road, Kielvale and Urliup Road, Bilambil, were all up 11.1 per cent. A few places like Fingal Road, Fingal, had no change while mixed-use zoned land on Marine Parade at Kingscliff was actually down 3 per cent in value. Cudgen’s residential land market showed strong upward movement, while property values in Terranora and Bilambil Heights remained relatively unchanged, primarily due to an oversupply of land. Steady land values were also experienced in Pottsville’s Koala
• 32/85-93 Leisure Drive, Banora Point, 10–10.30am • 1091/14-22 Stuart Street, Tweed Heads,11–11.30am • 1444/6-8 Stuart Street, Tweed Heads,11.45–12.15pm • 5/5-10 Quayside Court, Tweed Heads 1–1.30pm • 175 Tweed Valley Way, Murwillumbah, 2–2.30pm
Beach, Fingal Village and surrounding areas, and Pottsville Waters canal properties. Key factors supporting the market include improved connectivity following the Pacific Highway upgrade and convenient access to the nearby Gold Coast Airport. Additional appeal stems from the region’s temperate climate and the variety of coastal and hinterland lifestyle options, which continue to attract buyers relocating from larger metropolitan centres. The Valuer General provides land values to every council in NSW at least once every three years to help them calculate council rates. If your land value increases, it doesn’t necessarily mean your rates will rise. Council rate increases are based on each council’s rating structure and increase limits are set by the Independent Pricing and Regulatory Tribunal (IPART).
• 45 William Street, Murwillumbah, 11–1130am • 69 Tweed Valley Way, South Murwillumbah, 11.30–12pm • 18 Flinders Way, Ocean Shores, 12.30–1pm • 187 Tweed Valley Way, South Murwillumbah, 12.30–1pm • 45 Fernvale Road, Fernvale, 1.30–2pm
Tate Brownlee Real Estate
Elders Tweed Valley
• 40a Seaside Drive, Kingscliff, 9–9.30am • 68/5-7 Soorley St, Tweed Heads South, 9–9.30am • 7 Coach Rd, Terranora, 9–9.30am • 1 Chadburn Lane, Chinderah, 10–10.30am • 14 Lennox Circuit, Pottsville, 11–11.30am • 6 Carrington Court, Terranora,11–11.30am • 13 Bongaree Rd, Terranora, 12–12.30pm • 4/14 Kingston Drive, Banora Point, 12–12.30pm
• 1537 Kyogle Road, Uki, 11–11.30am • 6/254 Rowlands Creek Road, Rowlands Creek, 11.45–12.15am • 1984 Numinbah Road, Numinbah, 12.15–12.45pm
JET Estate Agents
• 17 Charles Street, Murwillumbah, 9.30–10am • 16 Lamington Way, Murwillumbah, 10–10.30am • 27 Tumbulgum Road, Murwillumbah, 10.30–11am
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