Real Estate FROM COAST TO COUNTRY
City buyers still keen on Tweed
By Jo Kennett
due to a shortage of stock levels and strong demand,” he said. CITY BUYERS are still strongly “This is evident for both the represented in the local market, southern Gold Coast and Tweed as are downsizers, with many districts, with overwhelming first-time buyers also entering demand for homes under $1 the market, but some agents million and units under $800,000. are seeing a slowing of interest “Interest rates haven’t played in higher maintenance rural too much of a part in the current properties. market. DJ Stringer Property Services “However, signs are showing that principal David Stringer said that interest rates are likely to come the inquiries he is seeing at the down and lenders facilitating more moment are “largely local buyers borrowers that may have had upsizing and downsizing, as well difficulties in the past. as many first-home buyers entering “In addition, banks are becoming the market.” far more flexible with offering rate “In addition, there is still quite a cuts, only if one asks, due to direct large influx of buyers from Sydney competition from other financial and Melbourne with a large institutions. percentage looking at retiring and “Given this, buyer enquiry will seizing lifestyle options,” David likely only strengthen throughout said. 2024 which is heading towards “Investors are back in the another bumper year for the market full swing on the back of property industry.” higher rents being achieved and Schmith Estate Agents principal expected capital growth.” Justin Schmith said most of the David said the market is still inquiries he was seeing were strong. coming from Victoria. “The market across all spectrums “We are seeing most buyers from remains strong and prices on Melbourne,” Justin said. reflection are continuing to impress “Victorian-based buyers are the
Saturday, March 23
flavour of the year as they were last year. “Besides a few locals from the Gold Coast and Tweed area, some from Byron Shire and some from Coffs Harbour, Port Macquarie and northern Qld, the biggest standout buyers are from Melbourne and Victoria. Justin said the market was still extremely strong. “It’s the best I’ve seen it since COVID for sellers with the tightest stock levels ever and high buyer
demand,” Justin said. “Our market is literally defying all economic logic. “However, our stuff in Byron is not doing so well and rural stuff has really slowed down in the Tweed Shire, particularly price and days on market. “Everyone appears to be heading back to the city or no one wants to work or do Sunday lawns and maintenance. “Suburb downsize properties and properties close to medical and
• 3/140 Kennedy Drv, Tweed Heads West, 10-
10:30am • 81 Jacaranda Ave, Tweed Heads West, 10-10:30am • 10 Bushranger Rd, Terranora, 11-11:30am • 11 Sexton Hill Drv, Banora Point, 11-11:30pm
JET
• 150 Kennedy Drv, Tweed Heads West, 11:45-
• 48 McLeod Street, Condong, 12:30-1pm
12:15pm • 11/39-45 Tweed Coast Rd, Bogangar, 12-12:30pm
LJ Hooker Kingscliff • 236 Old Lismore Road, Byangum, 10-11am
Tate Brownlee
• 3 Carla Crt, Varsity Lakes (Qld), 4-4:30pm
DJ Stringer Property Services • 245/20 Binya Ave, Tweed Heads, 10-10:30am
NSW Time • 17 Karingal Ave, Bilambil Heights, 10-10:30am
NSW Time • 1/231 Golden Four Dr, Bilinga, 10:15-10:45am
Qld Time
• 29 McLeod St, Condong, 1-1:30pm
• 2/5 Foxhill Dr, Banora Point, 11-11:30am NSW Time
• 57 Thoroughbred Plc, Bungalora, 2-2:30pm
• 6/24 Dutton Street, Coolangatta, 11:15-11:45am
• 47 Bimbadeen Ave, Banora Point, 2-2:30pm
• 8/13 Parkland Plc, Banora Point, 9am-9:30am
• 29 Oyster Point Rd, Banora Point, 3-3:30pm
• 99 Winders Plc, Banora Point, 9am-9:30am
• 19 Seaview Rd, Banora Point, 3-3:30pm
Qld Time • 110 Caloola Cres, Tweed Heads, 1:15-2pm
NSW Time
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infrastructure are hot, thanks to the baby boomers downsizing.” Justin said the only effect he was seeing on interest rates was mainly borrowing capacity being cut. “For example, before, if you were getting approved up to $1.2 million, now it might only be $800,000 or $900,000, but everyone is still buying and or consolidating,” he said. “Consolidation is a common occurrence in the common market due to the higher interest rates.”
THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
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Open Homes
Homes under $800,000 like this Tweed unit with DJ Stringer are popular with first home buyers