Real Estate FROM COAST TO COUNTRY
Tweed Coast property prices a mixed bag THE TWEED Coast property market has been all over the shop over the last 12 months, according to data from realestate.com. Casuarina houses and units are down but still too high for most of us, while Kingscliff houses are down but units are up. Bogangar has seen a slight rise in house prices but a huge rise in the price of units over the past year, while Pottsville houses are slightly up but unit values are down. Pottsville houses increased four per cent in value over the past 12 months, to a median price of $1.3 million. At the peak of the pandemic ‘let’s get the heck out of town’ seachange madness, in October 2022, homes in Pottsville were $1,459,000, so we are well down on that at the moment. Pottsville units are at an incredible median of $865,000, but that’s actually down, though only 0.9 per cent over the past year when they reached a peak of $900,000. Last month Pottsville had 29 properties available for rent and 43 properties for sale. Houses in Pottsville rent out for $850 per week with an annual rental yield of 3.3 per cent. Units rent for a median of $650 per week
Things have been happening at Kingscliff with the new hospital opening and staff desperate for accommodation, and a bunch of developments on the cards, with house prices down too. Median property prices over the last year ranged from $1,805,000 for houses to $920,000 for units, down 4.9 per cent for houses but up 10.2 per cent for units. Fun fact: a three-bedroom home in Kingscliff is selling for a median of $1,560,000 while a three-bedroom unit is not much less, at $1,330,000 on average. Last month, Kingscliff had 54 properties available for rent and 98 Bogangar unit prices are up but there are still some properties for sale. Houses were renting for $950 per bargains like this centrally located apartment for Wendy at Mana has this home for sale at 6 Park week with an annual rental yield sale with Jet Real Estate Lane, Casuarina of 3.1 per cent and units rented for $700 with a rental yield of 3.7 per houses and 12 per cent for units. with a rental yield of four per cent. $895 per week with an annual cent. Houses in Casuarina rent out for Median property prices in rental yield of 3.4 per cent and units So it’s a real mixed bag but prices $1,225 per week, which would have Bogangar over the last year ranged rent for $697 with a rental yield of are only forecast to increase over most of us on our knees begging from $1,410,000 for houses to 4.4 per cent. the next year. for mercy, but is totally doable if $770,000 for units, a rise of 2.5 The news from Casuarina, which With interest rate cuts now being you have moved up from the big per cent for houses and a whopping once enjoyed some of the highest forecast to not arrive until sometime smoke and own, say, a brewery or a 32.8 per cent for units. Caba price growth in the nation, is that Porsche dealership. That’s an annual in 2025, it’s harder to get into the units have been on a crazy roller prices are down, down, but not market, but once those cuts start rental yield of 3.3 per cent, with coaster ride from $845,050 at quite down enough for most of us there is every chance there will units renting for a median of $737 peak pandemic then plummeting to peasants. be a surge in prices as borrowing with a rental yield of 4.2 per cent. $570,00 before surging again. Median property prices over the capacity increases and everyone Last month Casuarina had 25 Last month Bogangar had 24 last year were $1,920,000 for properties available for rent and 47 suddenly wants a slice of paradise. properties for rent and 27 for sale. houses and $833,375 for units. properties for sale. Houses in Bogangar rent out for That’s a drop of 6.2 per cent for
Open Homes
11:30am
• 4 Bruce Lane, Murwillumbah, 12– 12:30pm • 4 Ted Brown Close, Kunghur, 12:30 – 1pm
Tweed Coolangatta Real Estate
Saturday, July 6
• 3/100 Dry Dock, Tweed Heads Sth 11-11:30
First National
am
• 1 Collins Lane, Casuarina, 9:30 -10am
• 13 Riverview Street, Murwillumbah, 10–
10:30am • 92 Castle Field Drive, Murwillumbah, 1111:30am • 12 Condong Street, Murwillumbah, 11–
DJ Stringer Property Services • 15 Creal Ct, Currumbin Waters 9-9:30am • 3H/828 ‘Rocks Resort’ Pacific Pde, Currumbin
10-10:30am • 20 Eliza Fraser Court, Terranora 10-10:30am • 4/3 Island Drive, Tweed Heads 11-11:30am
• 11/3-5 Barrett St, Tweed Heads West 11-
11:30am • 16/74 Greenway Dr, Banora Point 11:15-
11:45am
Tate Brownlee • 11 Fraser Drive, Tweed Heads South, 9-9:30am • 16/291 Darlington Drive, Banora Point, 10-
10:30am • 70 Honeymyrtle Dr, Banora Point, 11-11:30am • 518 Terranora Road, Terranora, 12-12:30pm • 45 Shamrock Avenue, Banora Point, 1-1:30pm • 11 Trutes Terrace, Terranora, 1-1:30pm
Our Community Comes First 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.
02 6672 2499 jetrealestate.com.au SELLING . BUYING . PROPERTY MANAGEMENT
.
.
THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
90228
By Jo Kennett