Real Estate THURSDAY, AUGUSTTO 12, FROM COAST
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
Data shows Pottsville unit prices have soared this year
By Jo Kennett THE TWEED Coast property market is still flourishing, with Pottsville unit prices going up more than 20 per cent in the last six months. Kingscliff had 12 properties available for rent and 34 properties for sale on Friday, January 29. On Tuesday, August 18, there were 45 properties available for rent and 40 properties for sale. As of July 28, the median house price was up from $1.25 million to $1.35 million according to data from PropTrack, while the average unit price has risen from $625,000 in January to $762,500. Kingscliff house rentals averaged $720 per week six months ago, with August 15 data from realestate.com.au showing an increase to $795, while units jumped from $500 to $565 on. Pottsville had 12 properties available for rent and 32 properties for sale on Friday, January 29, with a decrease in rentals to seven and a slight increase in properties for sale to 39 on July 28 . Median property prices over the year to January 29 ranged from $840,000 for houses to $553,500 for units. That had increased to $964,500 for homes and an astonishing $688,500 for units according to PropTrack. Houses in Pottsville rented out for a median price of $595 per week and units $450 per week in January, but by mid-August that had jumped to $650 for houses and $488 for units. Bogangar had four properties available for rent and seven properties for sale on Friday, January 29.
On July 28, Bogangar had seven properties available for rent and ten properties for sale. The average Bogangar property prices over the year to the end of January ranged from $912,500 for houses to $565,000 for units. Six months later, the median property price was $1 million for houses and $595,000 for units. In January, houses in Bogangar were renting out for $580 per week on average while units were rented out on average for $425. By mid-August houses in Bogangar were renting out for $650 per week and units for $500. We don’t have property information for Murwillumbah from January, but it now has ten properties available for rent and 28 properties for sale. The median property prices over the last year range from $620,000 for houses to $473,000 for units. Houses in Murwillumbah rent out for $530 per week on average and units rent for $350. Based on five years of sales, Murwillumbah has seen a compound annual growth rate of 10 per cent for houses and 21.5 per cent for units. Property searches on realestate. com reached their highest level since March last week, despite or perhaps because of, much of the country being in lockdown. The REA Insights Buyer Demand Index, which measures high-intent buyer activity on realestate.com.au, increased 0.9 per cent in the week up to August 11, with buyer demand just 10 per cent short of the historic-peak recorded in February. Paul Ryan from REA Insights says, “continued restriction of activity may see interest dwindle as available stock declines.”
A two-bedroom unit in this Pottsville unit block is on the market for $525,000
During the latest Sydney outbreak, demand has risen in every region except Queensland and Western Australia, according to the data. Demand for units has increased the most over the past year, with demand for houses broadly flat. A surge of first-home buyers, as well as investors coming back into the market in 2021, has contributed to the increase in interest for units. Mr Ryan said that demand was likely to go down over the coming weeks, with lockdown restrictions looking set to continue in New South Wales,
however he believes that if this wave of the pandemic is brought under control, property will rebound later in the year. The Reserve Bank met on August 3 and decided to keep interest rates on hold, surprising no one. “The outlook for dwelling and business investment would continue to be supported by accommodative financing conditions and fiscal policy measures,” the minutes of the meeting read, referring to the record low interest rates. “Recent lockdowns and restrictions on construction activity in Greater Sydney and
elsewhere were anticipated to affect both residential and non-residential investment in the September quarter, but this was generally expected to lead to plans being deferred rather than cancelled. “Residential building approvals had eased, as expected, following the end of the application period for the HomeBuilder program. “However, approvals remained at a high level and the large volume of residential building work in the pipeline was likely to support dwelling investment for some time.”
We are so thrilled and honoured to be nominated in REI NSW Awards for Excellence... Now into its 25th year, the prestigious Real Estate Institute of New South Wales Awards for Excellence are the most respected and highest honour within the real estate profession, acknowledging exceptional performances across the industry. The 2021 finalists have just been announced.
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Among those honoured was our team at Raine & Horne Ocean Shores/Brunswick Heads & Murwillumbah, who have been shortlisted as finalists in the RESIDENTIAL SALES TEAM category. Megan Chynoweth, our Sales team’s Administration Manager, is also a finalist in the OPERATIONAL SUPPORT category.
Freecall 1800 LIST IT We’ll Love Your Listing
We are so thrilled and honoured to
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TERRAGON 2043 Kyogle Rd
$895,000 3
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UPPER CRYSTAL CREEK Lot 4 Booka Rd
$1,200,000
COUNTRY CHARM
BLANK CANVAS
- Water Tank & Bore
- Vacant Land - 107 acres approx. of privacy and getaway - Stunning creek flowing through the property - 2 cleared areas to enjoy, set on no through road - Tracks and Trails over property to enjoy
- Tweed River Frontage - Fruit trees and Vege gardens - Horse Paddock and shelter - 3.94 ha useable, 9.74 acres approx.
Anne Besgrove 0402 608 503
$1,050,000 RESERVE CREEK 2
QUALITY OR QUANTITY? WHY NOT HAVE BOTH! - 5 bedrooms + rumpus room - Resort style living with a rural and mountain vista view. - Low maintenance landscaped yard. - 8m x 5m magnesium swimming pool - 25kw solar system - Large outside entertainment area
- 60 acres approx.
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MURWILLUMBAH 47 Mount Ernest Crescent
Anne Besgrove 0402 608 503
- Clear build areas, Vacant Land with Dwelling Entitlement - Beautiful running creek, Lotus dam & Waterlily Pond - Easy access and good walking tracks - Hidden pockets, glens and rainforest walks
Anne Besgrove 0402 608 503
Anne Besgrove 0402 608 503
Call Anne Besgrove your local property specialist 0402 608 503
UN
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MURWILLUMBAH 113 Riveroak Drive
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MURWILLUMBAH 11 Hartigan Street
HUNDRED HILLS FAMILY HOME
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- Large Family Home - Great Size Back Yard - Fully Fenced - Central Location - Ideal For Families Or Investors
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Scott Reading 0401 938 937
CHILLINGHAM 1492 Numinbah Road
3 RIVERSIDE HOME
- Kitchenette & Bathroom
- House built above Flood level
- Approved as an arts and craft Shop - Upstairs Storage/room
LD
VILLAGE SHOP FRONT
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- Big Back Yard - Solar H/W
- Tank water
- Rear Deck
- Beautiful Timber Charm
- River At The Back Of The Property
Scott Reading 0401 938 937
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Scott Reading 0401 938 937
Scott Reading Licensee in Charge 0401 938 937 anne.besgrove@fnmurwillumbah.com.au scott.reading@fnmurwillumbah.com.au
86479
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- 854m2 land size
Scott Reading 0401 938 937
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5 BEDROOM HOME CLOSE TO TOWN
- Ducted A.C. - prime location, Parks nearby, Childcare Centre, - 5.5Kw solar - Gas Cooking - Solar Hot Water - Security cameras and screens fitted - Wall Mounted Tv’s Included - Large family home
CHILLINGHAM 1402 Numinbah Road
Price Range $700,000-$740,000
Tweed Valley & Coolangatta
SPRING IS COMING
CONTACT ONE OF OUR AGENTS FOR A FREE MARKET APPRAISAL TODAY
sold
sold
sold
46 The Grove, Nunderi
249 Rowlands Creek Rd, Uki
9 Silky Oak Court, Bray Park
2 Eyles Avenue, Murwillumbah
72 South Pumpenbil Rd, Pumpenbil
12/4 Williams Street, Tweed Heads South
Byangum Road Murwillumbah
Dorset Street Murwillumbah
sold
McPherson Court Murwillumbah
Kristie Hoffman 0427 328 764
S O O N
C O M I N G
Matt Armstrong 0400 162 283
S O O N
Kim Gamble 0417 000 381
sold
C O M I N G
Amy Partridge 0437 778 966
S O O N
Craig Dudgeon 0408 188 184
Real Estate Tweed Valley & Coolangatta 02 5602 2950 elderstweedvalley.com.au
86490
C O M I N G
sold
Specialising in all calibre of property – Southern Gold Coast & Northern NSW regions
The Best in the Business to sell your property
2
% GST
+
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To find out what your property is really worth in today’s market, please contact your local agent:
which includes all marketing! •
Professional photography
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Colour floorplan
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60 day Premiere listing on www.realestate.com.au
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DAVID STRINGER 0418 150 731
LEISA THORLEY 0448 296 403
DEBORAH BINGLE 0403 727 548
GAIL BOHRINGER 0438 728 175
david@djstringer.com.au
deborah@djstringer.com.au
leisa@djstringer.com.au
gail@djstringer.com.au
www.djstringer.com.au | 07 5599 5222 | 76 Griffith Street, Coolangatta QLD
THE GO TO AGENCY FOR RENTAL MANAGEMENT DJ Stringer is one of the largest managers of investment property, servicing over 2,200 landlords & tenants, with a portfolio estimated at over half a billion dollars under management.
P L E AS E CO NTAC T:
Rental prices have soared over the last 12mths & our vacancies are less than 1%. In fact, we have a large data base of tenants waiting to move in!
Tammy Stringer Office Manager 0418 778 426 tammy@djstringer.com.au
If you have an investment property that is vacant, underperforming or perhaps you are curious as to market rents, then you must speak with us today.
Terri Whitney Business Development 0491 644 897 terri@djstringer.com.au
WE A LS O O FFE R : •
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F O R A CO N FI D ENTI AL C HAT TODAY
Meet the rest of your Property Management Team Simone Rowles
Kim Townsend
Susie Hine
Financial Administrator 07 5599 5222 simone@djstringer.com.au
Property Manager 0439 393 882 kim@djstringer.com.au
Property Manager 0409 666 973 susie.hine@djstringer.com.au
Leah Papworth
Tenneale Wallis
Gianetta Cooper
Property Manager 0400 957 527 leah@djstringer.com.au
Leasing Manager 0439 188 309 tenneale@djstringer.com.au
Property Manager 0407 462 802 gianetta@djstringer.com.au
Gareth Chow
Jennifer Daniells
Grace Tilley
Property Manager 0439 380 632 gareth@djstringer.com.au
Property Management Admin 07 5599 5222 jennifer@djstringer.com.au
Property Management Assistant 07 5599 5222 grace@djstringer.com.au
76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au
86428
(07) 5599 5222
the home of real estate
NORTHERN
IVERS PROPERTY GROUP
FOR SALE
493 TOMEWIN RD DUNGAY
44 NIMBIN RD MT BURRELL
PRICE: Contact Agent 3 BED | 2 BATH | 4 CAR
PRICE: Contact Agent 3+ BED | 1+ BATH | 1 CAR
PRICE: Contact Agent 3+ BED | 2+ BATH | 6 CAR
RIVERFRONT LIVING Character home on 1080sqm Pontoon and boat lift, boat ramp River, farmland views
NATURE AWAITS 42ac, just 15 mins to Nimbin Separate s/c 1 bed cottage Mt Warning, Border Range views
LIVE THE SMALL ACREAGE DREAM 9643sqm block, fruit trees galore Near new home + 1 bed s/c flat Mt Warning views, creek frontage
17 RIVERBEND WY MURWILLUMBAH
11 QUARRY RD SOUTH MURWILLUMBAH
101 ZARA RD CHILLINGHAM
PRICE: Contact Agent 5 BED | 2 BATH | 4 CAR
PRICE: Contact Agent 3 BED | 2 BATH | 4 CAR
PRICE: Contact Agent 4 BED |2 BATH | 1 CAR
SPRAWLING FAMILY HOME Mt Warning, Mt Nullum views 3x living areas, landscaped yard 5 minutes to CBD
ENTRY LEVEL OR INVESTMENT Character home, period features Old fig tree, yard access, fenced Close to Tweed River and town
FIVE ACRES WITH CREEK North facing, renovated home Mountain views, swimming hole Fenced paddocks, ample shedding
PAUL
Adrianna
m: 0448 191 351
m: 0422 265 871
e: Paulstobbie@atrealty.com.au
e: adrianna@atrealty.com.au 86483
225 TWEED VALLEY WAY MURWILLUMBAH
NORTHERN NORTHERN
IVERS PROPERTY GROUP IVERS PROPERTY GROUP
FOR FOR SALE SALE
393 ROCK 493LILLIAN TOMEWIN RDRD LILLIAN ROCK DUNGAY
114 44 PINNACLE NIMBIN RDRD PUMPENBIL MT BURRELL
WENTWORTH 2258TWEED VALLEY ST WAY MURWILLUMBAH MURWILLUMBAH PRICE: PRICE: Contact Contact Agent Agent 33 BED | BED | 22 BATH BATH || 44 CAR CAR
PRICE: Contact Agent2 PRICE: Contact Agent 2 BED | 1 BATH | 1 CAR 3+ BED | 1+ BATH | 1 CAR
PRICE: Contact Agent PRICE: Contact Agent 3 BED | 1 BATH | 2 CAR 3+ BED | 2+ BATH | 6 CAR
1940'S ART DECO CLASSIC RIVERFRONT LIVING Character ceilings Character features, home on high 1080sqm Modern kitchen and bathroom Pontoon and boat lift, boat ramp Fruit rear lane River,trees, farmland viewsaccess
CALDERA GEM NATURE AWAITS Red cedar home on 5 acres 42ac, just 15 mins to Nimbin Orchard, veggie gardens, natives Separate s/c 1 bed cottage Located at end of quiet road Mt Warning, Border Range views
SECLUSION MEETS SERENITY LIVE THE SMALL ACREAGE DREAM German-architect built home 9643sqm block, fruit trees galore 4.75ha with bitumen road frontage Near new home + 1 bed s/c flat Spring fed dam, fruit trees, chooks Mt Warning views, creek frontage
REAL ESTATE DONE DIFFERENTLY
Testimonial 17 RIVERBEND WY MURWILLUMBAH PRICE: Contact Agent 5 BED | 2 BATH | 4 CAR
11 QUARRY RD 101 ZARA RD We couldn’t recommend Adrianna and Paul highly enough. Having entrusted our beautiful home to them to sell, we were delighted with their SOUTH MURWILLUMBAH CHILLINGHAM professionalism and class. They kept us informed during the entire process, respected us as owners and paid due respect to our property.
PRICE: Contact Agent PRICE: Contact Agent From the outset, they had a firm marketing plan they followed, which 4 BEDdreamed |2 BATHfor, | 1and CAR 3 BED | 2achieved BATH | 4a CAR sale for us that we could only have in record time.
SPRAWLING FAMILY HOME Mt Warning, Mt Nullum views 3x living areas, landscaped yard 5 minutes to CBD
FIVE ACRES WITH CREEK ENTRY LEVEL OR INVESTMENT These two are an awesome team and we would invite anyone who is North facing, renovated home Character home, period features wanting a stress-free process with sincere and dedicated agents, to Mountain views, swimming hole Old fig tree, yard access, fenced engage them to get the job done. Fenced paddocks, ample shedding Close to Tweed River and town Rod and Llewelyn Richards
www.northernriverspropertygroup.com.au PAUL Adrianna e: Paulstobbie@atrealty.com.au
114 Murwillumbah St, MURWILLUMBAH
m: 0422 265 871
@paulstobbieatrealty e: adrianna@atrealty.com.au @AdriannaNRPG 86483
m: 0448 191 351
Suite 2A Warina Walk Arcade,
SOLD PRICE
SOLD PRICE
$1,035,000
4A OYSTER POINT ROAD, BANORA POINT
$712,500
4
2
2
SOLD PRICE
$930,000
26 OYSTER POINT ROAD, BANORA POINT
2/31 BIMBADEEN AVENUE, BANORA POINT
2
2
2
2
1
1
SOLD PRICE
3
2
2
$640,000
2/18 TOOLONA AVENUE, BANORA POINT
0499 191 960