Real Estate FROM COAST TO COUNTRY
Winter sales strong but good signs for buyers By Jo Kennett
THE LATEST data shows regional market growth has slowed with values up just 1.3 per cent in the last three months, and while the Gold CoastTweed region is bucking the trend, local agents say we are moving into a buyers’ market. Here values are up 3.1 per cent over the quarter to July with a median value of $1,007,029, up 12.7 per cent over the year and 81.5 per cent over the last five years. Local agents are confirming that, with strong sales over winter and little sign of things slowing. DJ Stringer Principal at DJ Stringer Property Services, David Stringer, said winter sales have been very strong, “especially along the beachside areas which haven’t shown any signs of slowing down.” “The demand for homes around Banora and Tweed Heads under $1 million have also been very strong, with a slight downturn in demand for properties over $1 million,” David said.
Duplexes like this one at 27 Kiata Parade, Tweed Heads, for sale with DJ Stringer are in demand
“First homeowners are back out in force and snapping up anything from $500,000 to $800,000, as are investors. “During the winter months we also saw a surge of prospective buyers especially from Sydney and Melbourne looking for their future retirement and home in the sun.” David says units under $750,000 are hot property in most areas, as are homes and duplex units under $1 million. “Beachside properties up to $2 million are also hotly contested and
Open Homes Saturday, September 7 JET Real Estate
• 1/34 Beryl St, Tweed Heads 9:30-10am • 33 Farrants Rd, Nunderi 9:30-10am • 133 River St, South Murwillumbah 10:30-11am • 103 Commercial Rd, Murwillumbah 11-11:30am • 149 River St, South Murwillumbah 11:30-12pm • 65 Kyogle Rd, Bray Park 12-12:30pm
Schmith Estate Agents
• 1 Karawatha Drive, Currumbin Waters 9:30-10am • 35 Albatross Circuit, Tweed Heads West 11-11:30am • 159 Bilambil Road, Bilambil 12-12:30pm • 228 Broken Head Road, Suffolk Park 1-1:30pm
rural properties that offer one to ten acres of manageable land away from the hustle and bustle are in demand,” he said. “Coastal property is definitely the top choice, however affordability rules out most buyers, hence why the fringe areas within say five to ten minutes from the beach have become so popular and are increasing the median values. “Given the number of valuations we are currently undertaking, we feel the market is showing signs of turning to a buyers’ market, as many property
owners are looking to cash in whilst the market is strong. “This will provide more options for purchasers and less competition in a fierce marketplace.” Justin Schmith Principal at Schmith Estate Agents Justin Schmith said despite it being winter there is “never enough stock.” “The days on market are slightly increasing, mainly for acreage and rural which is most noticeable,” Justin said. “There are still Sydney buyers
looking though it’s mainly Melbourne buyers who are strong, but we are dealing with all sorts of buyers. “Developers have been very strong snapping up some off-market deals in Cabarita for insane prices. “Downsizers are also still prevailing with lots of cash, pushing values up for low-maintenance duplexes, houses and units. “Units and suburban stock are most in demand, while rural property demand has really slowed down. “The coast with ocean views is most in demand with downsizers ruling the day.” Justin is predicting a lot of stock to come on in spring. “That could potentially upset the supply and demand balance but at present we are still selling all stocks for good prices (with rural properties more days on the market).” So it seems there may be more opportunities for buyers in what has been a sellers’ market for some time now, good news for everyone looking to get a home of their own in the lovely Tweed Shire.
DJ Stringer Property Services
First National Murwillumbah
McGrath
Tate Brownlee Real Estate
• 1/29 Albatross Circuit, Tweed Heads West 9-9:30am • 2/87 Golden Four Dr, Bilinga 10-10:30am • 2/3-5 Barrett St, Tweed Heads West 10-10:30am • 3D/3-9 Eden St, Tweed Heads 10-11:00am • 2/7 Sycamore Ct, Banora Point 11-11:30am • 146 Riverside Dr, Tumbulgum 11:15-12:00pm
• 4/127 River Street, South Murwillumbah 9-9:30am • 1/27 Tombonda Road, Murwillumbah 9:15- 9:45am • 13 Riverview Street, Murwillumbah 10-10:30am • 192 Stokers Road, Stokers Siding 10 -10:30am • 30 Somerville Circuit, Murwillumbah10:30-11am • 92 Castle Field Drive, Murwillumbah 11:30-12pm
• 17/52 Darlington Drive, Banora Point 10.30-11am • 1/6 Birkdale Court, Banora Point 8:30am-9am • 10 Durigan Place, Banora Point 10-10.30am • 4 Sterling Court, Cudgen 10-10:30am • 8/40-48 Kamala Crescent, Casuarina 12-12.30pm • 10 Megan Street, Tweed Heads South 10-10:30am • 8 Guilfoyle Place, Cudgen 11-11.30am • 25 St Andrews Way, Banora Point 11-11:30am • 7 Spoonbill Lane, Kingscliff 10-10.30am • 17/20-22 Thomson Street, Tweed Heads 11.30-12pm • 17 Martinelli Ave, Banora Point 12-12:30pm • 187/1 Mariners Drive West, Tweed Heads 9.30-10am • 6/61 Marana Street, Bilambil Heights 12-12:30pm • 602/11 Enid Street, Tweed Heads 10.30-11am • 8 Norths Lane, Nunderi 1:15pm-1:45pm • 11/49-53 Dutton Street, Coolangatta 9.30-10am • 4/2 Creek Street, Coolangatta 10.30-11am • 3041/2 Thomson Street, Tweed Heads 12.30-1pm • 6 Palm Road, North Tumbulgum 11am-12pm
Evergreen Exclusive Estates
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.