Land Values Up - House Prices Down -
Why is it so?
Regular readers of The Beagle (and who isn’t) would have no ced that the editor of the Beagle recently published an ar cle tled “Prepare for Shock in Land Revalua on” h ps://www.beagleweekly.com.au/ post/prepare-for-rate-shock-in-your-2023-rates-no ce. In this ar cle it highlights the huge increase in the unimproved capital value of land in the Eurobodalla as determined by the NSW Valuer General. The ar cle looks at a typical property in Surf Beach and calculates the increase in land value, which will then have a flow on effect to an increase in rates. Some of the examples we have looked at in our office have also shown huge increases on some proper es of between 2 and 3 mes the value in the period 2019 to 2022.
The ar cle also got us thinking. So we have a huge increase in land values yet the mainstream media is telling us about how much the property market has fallen. Why is it so? One very simple explana on is that the meframes are different. The land value increase is over a 3 year period, while house prices are es mated by companies like Corelogic on a quarterly or annual basis. Even in places like Sydney or Melbourne where property prices are said to have fallen 10-14% in some areas, the prices are s ll well above the value they were back in 2019 before the recent property boom.
It is also a li le unclear how companies like Corelogic actually determine how much the market has gone either up or down. Proper es are not like vegetables or white goods where you directly see what the price change is over a short period of me for items such as carrots or the same model Samsung fridge. It is not very o en that the same property is bought and sold in a very short period of me and of course, every property is different even in the same street let alone the same suburb, so direct comparisons are difficult. We contacted Corelogic to find out how they actually come up with the increase or decrease es mate however they responded with “We don't have an explana on of how this is calculated for the public. This is an internal formula that we do not share.” So, it is quite unclear how these es mates are made and therefore how accurate they may be.
It is also important to remember that the headline numbers can vary hugely between capital ci es, regional areas and even to suburbs. When we look at our local numbers it is interes ng to note while the number of sales for the first 7 months of this financial year are fewer than the equivalent period in the previous financial year, our average sale price is only 3% lower. This gives us confidence that while there are a few less buyers around, property prices are s ll holding up pre y well in our local area. For us, the old adage “loca on, loca on, loca on” could never be more true, as we certainly have the loca on.
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47 Tallawang Avenue, Malua Bay
$1,825,000 - $1,925,000 | 3 BEDROOMS|2 BATHROOMS|1 CARSPACE
This much loved Malua Bay family beach retreat is being sacrificed, rather reluctantly, to fund a family prospec ve Sydney purchase so Canberra parents can visit Sydney children and grandchildren. This gives another family the opportunity to enjoy the proximity to the surf, the restaurants, the Club Malua and just si ng and taking in the magnificent view.
Addi onally, the buyer could relax designing the ul mate re rement palace for the future in a loca on where future value is certain. Malua Bay has always been popular and has experienced some of the best capital gain on the coast over the years. Sun, surf and security assured for another genera on.
Put brashly, "they are not making any more of these anymore".
Sale by Nego a on, as the value is hard to ascertain.
Contact very experienced South Coast Agent John Haslem for guidance on Coast property and this opportunity - john.haslem@eldersrealestate.com.au
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STYLISH, SOFISTICATED NEW HOME
Built to the highest of quality this home presents with style and sophis ca on from the large open plan living to the outdoor entertaining deck. situated on a large block of land with further opportuni es for a pool or shed or to create the gardens of your dreams.
Only a short flat walk to the patrolled Malua Bay Beach and shopping centre or the bowling club, you can enjoy the life the coast has to offer without wai ng to build your dream home - Its already built! Comple on date end February 2023.
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LARGE INDUSTRIAL FACTORY
FOR SALE OR LEASE.
500sqm large industrial factory. Located in a great posi on in the heart of Batemans Bay. Superior freehold offering. Fantas c loca on benefi ng from proximity to CBA and industrial area. Includes a large roller door.
SALE PRICE - $1,200,000 EXCLUSIVE OF GST.
RETREAT ON RIVERVIEW
This renovators delight has expansive views of the mountains, Clyde River and glimpses of the magnificent Bay Bridge. Conveniently located only 2.9kms to Batemans Bay CBD offering all ameni es and services, Marina & foreshores.
This three bedroom, 1 bathroom home has a sensible design with the main having large built-in-robes and a sunny outlook.
Perfect investment with great rental return.
Located less than one kilometre from the popular Surf Beach, 72 Eric Fenning Drive represents a truly unique opportunity to purchase a ready made hideaway.
This large coastal home offers relaxed living for the family or a great investment opportunity. Upstairs comprises a master bedroom and spacious loungeroom delivering high ceilings and built in bar. Located close to three beau ful South Coast beaches and the local Surf Beach shops with the convenience of an IGA
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A CUT ABOVE THE REST - "SOPHIA SANDS"
An inspired architect crea on has resulted in this superb contemporary complex that makes a statement in innova ve design and crea ve style. Displaying an intelligent use of space, custom finishes, and high-quality inclusions. A commitment to quality is immediately apparent throughout these beau fully presented townhouses. Discover Broulee’s newest premium address, these 6 x townhouses (3 Sold) are located in an ideal se ng and offering a low maintenance lifestyle. Each residence offers a large courtyard/pa o with an outdoor hot/cold shower and a though ully designed floor plan making the most of natural light and useable space. Entry downstairs is into the open plan kitchen/dining/family room.
Nothing has been forgo en with smart ligh ng, home alarm, intercom and Bluetooth your music to speakers to the living areas and all operated from your mobile phone. The townhouse beckons family me and interac on with addi onal spaces to allow for separate ac vi es and all so close to local schools and approx 500metres to the beau ful beaches of Broulee.
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HIDDEN TREASURE
Surrounded by pockets of na ve bush this country home offers a residence built for entertaining. The house sits on approximately 25 acres of level land, while a por on of the land could be used for a couple of horses.
The large comfortable 3 bedroom, 2 bathroom home has a large kitchen, dining and lounge area with open fire and is surrounded by a covered wrap around verandah.
Other features include:
- Ample shedding with a 16m x 16m machinery shed with a large a ached games/man shed
- Inground salt water pool
- Good fencing around the property
- Plenty of house water plus good-sized dam for stock water
- Zoned RU4 small lot primary produc on
If you’re looking for a lifestyle then look no further.
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YOUR OWN GRAND DESIGNS DREAM HOME
On a massive, very private, prized parcel of land of 1612m2 this riverside property eclipses the benchmark for innova on and extravagance. The unique and visually striking masterpiece perched above the Moruya River is a statement of expression, crea vity and liveability.
The home is elegant, stylish with loads of character and charm. This 370m2 residence is spread across four luxurious levels and is posi oned north facing on the block with every room with views of the River or the surrounding gardens.
Entry to the home is into a large foyer and you are instantly drawn to the view of the river when you walk down into the open-plan design kitchen, dining and family room with high ceilings and beau ful mber floors. This area opens seamlessly to an covered front deck which takes advantage of the loca on making it the perfect place to entertain or relax.
At the top of the block is an oversized double car garage (12m x 9m) with a self-contained flat with bathroom above it. This is a great place for visitors to stay or have your own hobby room or run your business from your home office.
This private, secure haven is set amongst an in mate and breathtaking landscape. Present at every turn is the visual connec on to the panoramic coastline. Wrapped by extensive entertainment areas and dis nguished by a luxurious contemporary design.
The versa le family home showcases sleek quality finishes, comfort and space and a sophis cated lifestyle.
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THE PERFECT PACKAGE IN THE PERFECT LOCATION
This home is light & bright with invi ng spaces for living while maintaining peace and privacy. Located on a 705 sqm block it features 3 bedrooms plus extra bedroom or study, media room, double garage, reverse cycle air con, solar hotwater, gas/electric cooking, undercover alfresco area.
The property has excellent access for a caravan/boat or your toys and is fully fenced.
The house is disability friendly having wider hallways, no steps and shower hobs having wheelchair access in mind. There is also a permanently wired generator which will run the whole house should there be a loss of mains power.
This home has so much to offer, so come and see for yourself.
Inspec ons by appointment only
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One of a kind!
This gorgeous property is on the market and ready for new owners. With a recent renova on, the owners have kept the character and essence of this beau ful 1925 home while also adding a modern twist.
As you enter, your a en on is drawn to the tradi onal façade and the amazing mber floors which I imagine have many stories to tell. The three bedrooms are generous in size with high ceilings, making them feel grand.
The kitchen is cosy and full of light, the renovated bathroom and the lounge include a fireplace that would make the property toasty warm in the winter months.
The house is set on an 822sqm block with an abundance of co age gardens, fruit trees and pathways, crea ng a calm and quiet place to sit and relax. There is a chook pen for the kids to collect the morning eggs and don’t forget the front veranda where you can sit and watch the world go by.
Close to Moruya CBD and a quick skip to local schools, this property is ideally located with a large park for the kids to run and play or walk the dog. Gundary store is located just up the road to collect your morning coffee.
This property is the ideal start for a first home buyer, small family, investor or someone looking to downsize and po er in the garden.
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Loca on plus opportunity
Perfectly posi oned in a sought-a er area you will find this freshly built, pres ge home just minutes from the township of Moruya. The property has a well thought out floor plan that takes advantage of the northfacing sun with a glorious deck that will take in the summer breeze while you look out over farmland and the beau ful Moruya River.
The property can be subdivided with a DA approval for the subdivision already approved. With the house fully fenced, you have the choice of enjoying the extra space for the family, a large shed for the toys, or comple ng the subdivision and selling the block or building a second home.
Level entry, light and spacious, metres from Moruya Hospital with pathways that follow the river to the Moruya CBD and local coffee shops, this is perfect for someone looking to re re or a new family home.
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Cute and Coastal!
This property is all about the loca on, convenience and lifestyle of the coastal town of Tuross. Located on a quiet street, this cute home has had a lovely faceli and is a perfect opportunity for first-home buyers, an investor or someone looking for a home away from home.
When entering this coastal co age, you are greeted with a light-filled foyer with ample storage and access to the backyard. Featuring four bedrooms with the fourth bedroom easily converted to a separate living space or media room, which is great for guests. Open plan lounge kitchen and dining which flows onto the split-level mber deck, where you can watch the kids swim in the spa while you enjoy your favourite beverage and catch up on the day.
The property has been cleverly landscaped with screening hedges that make the backyard private and tranquil. Not to men on a huge 13.2KW solar system to save you money with the cost of living rising.
This property is located just 5-minutes’ walk from Coila Lake, while the beach is a 15-minute walk or 3minute drive. Close to local clubs, beau ful restaurants and opportuni es to take the boat out for a fish, play a round or two of golf or simply swim at the local beaches.
Tuross is a gorgeous li le village on the NSW South Coast. This is definitely something you need to come through, call me today to arrange your inspec on.
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Beach within Reach
What a find! Imagine, opening the gate of your back fence and walking approximately 60 metres to the beach without crossing the street. Immerse yourself in the beach lifestyle from this spacious property
One of the prime proper es in Tuross Head, this mul -level home boasts not only beach access but ocean and beach views from mul ple areas of the home. Consis ng of three bedrooms, three bathrooms and a double garage, res ng on a 1050sqm fenced block, there is poten al for future development given the block size (STCA)
Spread over three split levels, this home is perfect for entertaining, family gatherings and provides space, style, and comfort for mul -genera onal living. Each level of the home offers reverse cycle aircondi oning throughout, for year-round comfort.
The upper level offers three bedrooms, each with water views and built-in robes. Downstairs, the generously sized rumpus room has bathroom and kitchene e facili es incorporated into the laundry and offers an abundance of built-in storage op ons.
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SERENE VIEWS
As soon as you arrive at Serene Views you are immersed with a sense of tranquility and peace. The property is surrounded by na ve gardens which encourages an abundance of birdlife. The North-East pa o and deck area has beau ful jacaranda trees which offers both shade in the summer months and allows the sun to bask through in the cooler months.
Stunning views of the lake, mountains, and ocean are all part of what is included with this property. The home was built in 1986 and extensively renovated in 2018 including updates to the kitchen, bathroom, flooring, and décor, meaning there is nothing to do but walk in and enjoy it.
The architect-designed property was also designed incorpora ng a poten al second wing which would double the size of the house (subject to updated Council Approvals).
Step through the front door into the roomy open space of the kitchen/dining/lounge area.
Both bedrooms are roomy and have built in robes plus ceiling fans. The master bedroom also has the added feature of sliding door access to the deck area plus glorious views of the lake.
The bedrooms are serviced by a centrally located bathroom which includes a spacious bath, vanity and separate shower, and for convenience a separate toilet. The bathroom also enjoys planta on shu ers over the bath which gives privacy but at the same me brings the outside in.
The parcel of land (3692m2 " which is just under 1 acre), meanders down to the foreshore of Coila Lake and is ideal for the keen kayaker or sailboarder or just to enjoy the foreshore.
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Revamp or Redevelop.....
Situated on a flat parcel of land just 200 metres from the Coila Lake foreshore & village walk way this co age is in need of some TLC.
• Three bedrooms
• Open plan kitchen & living
• Reverse cycle air condi oning
• Back to grid solar installa on
• Large covered mber deck
• Detached garage
• Workshop/storage room & bathroom
• Fenced & gated grounds
• Ample space to park a caravan, trailer & boat. Close easy access to the golf course at the end of the street & kayakers can be on the water in minutes. If you love a trip to the hardware store & are looking to put your stamp on a property give me a call today. All enquiries are welcome.
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Private, Easy Care Lifestyle
Immaculately maintained, this home is ready for you to move in and enjoy. Great loca on in a no through street & just 50 metres to the lake foreshore & village walk/cycleway. Fabulous car, boat & caravan storage op ons with a double garage & two separate oversized & extra height carports allowing vehicle access to the rear of the property.
With no internal steps & a flat block of land this home is sure to appeal. The fenced & gated grounds have been though ully planted to offer both privacy & garden vistas from most windows. A cosy combus on fire for the cooler months, reverse cycle air-condi oning, solar hot water, a sunny front deck & sheltered rear deck with all weather blinds are among the quality features of this brick & le home. Some furniture is included in the sale.
Tuross Head is surrounded by pris ne waterways with lakes, boat ramps & beaches for fishing, swimming, boa ng & kayaking, all just minutes from the front door. All enquires are welcome & we invite you to contact us today. Inspec on is highly recommended to appreciate all this property has to offer.
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Land Yourself a Deal…
Create a coastal lifestyle & build a home of your own design on this generous parcel of land with an overall size of 1081.7m2
You will enjoy the serenity of the loca on with Clive Park nature reserve adjoining the rear boundary.
Located within minutes of gorgeous beaches, lakes & scenic walks, Tuross Head is one of the most beau ful towns on the coast.
No me limit to build, all services available. All enquiries welcome.
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Create Your Own Lifestyle......
Large 5000 sqm (1.23 acres) building block with a sunny aspect & views over grazing lands to sparkling Coila Lake. A wonderful opportunity to combine coastal living with a country ambience.
The land is cleared and elevated, yet reasonably level offering a blank canvas to build a bespoke home with space for a big shed, garden, maybe a few chooks and a vegetable plot if desired.
Power and NBN services available, C4 Environmental Living with no me limit to build. Dual occupancy permi ed with consent – STCA.
Tuross Head is renowned as one of the most scenic towns on the south coast with pris ne beaches & lakes. Fishing & boa ng are popular leisure ac vi es.
Its less than 5km to the Tuross village shops and medical clinic, the local country club, bowling greens and 9 hole golf course.
Inspec on invited & all enquiries are welcome.
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“Valley View” - Brogo - Bega - South Coast, NSW
Convenient Loca on – 10 kms to Princes Highway
Substan al 5 Bedroom Home Enjoying Panoramic Views
Picturesque & Protected Grazing Country
House Creek Majes cally Meanders Through the Property
Approx. 42.49 Ha – 105Acres
- A substan al and spacious 5 bedroom family home with inground pool. Enjoys stunning countryside views from its elevated posi on.
- Manicured gardens and a co age orchard
- Crystal clear House Creek provides plenty of family fun, livestock and irriga on water. Approx. 850mm –34” annual rainfall. Main feature dam and a smaller dam.
- Produc ve country – a mixture of improved and na ve pastures.
The property has many features to include: the residence and surrounds, stunning views, crystal clear creek, produc ve country, close to Princes Highway and an easy drive to pris ne beaches.
Detailed Informa on Memorandum available.
Inspec ons strictly by appointment.
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Country Living At Its Best @ Moruya
"Genesee" - Beau ful Lifestyle yet so close to town. Fall in love with the country side as you take a dip in your salt water pool. Invite friends and family over for a BBQ or a pizza night in the amazing covered entertaining area. There is a lot about this home that you will enjoy.
The Home: Open plan kitchen/dining family area with a fireplace to make those chilly winters nights very cosy. The kitchen would please the best cooks with the island bench, stone top, steam oven, pantry, and five burner gas stove.
Entertaining: A large covered bbq area with a pizza oven is perfect for entertaining friends and family in style. The pool is another great mee ng place to share a story or two with your favourite drink.
Garage: Double Garage with large carport. Plenty of room for four cars undercover with drive through access to the backyard.
Gardens: low maintenance, easy care gardens with the dam supplying water. Plenty of taps around the gardens.
Land Size: 1.31 Hectares of fully fenced - dog proof. A good size for a pony/horse or space for your chickens or ducks.
Loca on: The great feeling of being remote whereas only four minutes drive from Moruya shopping centre, hospital, golf club, both private and public schools, boat ramp and local fishing spots. 15 minutes to Moruya airport.
For a private inspec on or more informa on, phone Sam Sheater 0478 004 088
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Large Block with Generous Home in Moruya
"Meredith" - This Masterton home has been beau fully maintained and presents in extremely good condi on. Set in a quiet cul-de-sac, this home will appeal to those looking for space, single level and a well designed layout.
Features: Formal and casual living areas, air condi oning, four bedrooms or 3 bedrooms and a study, the main with an ensuite and walk in robe. Timber flooring and carpet throughout, There is a large entertainers’ kitchen along with good electrical appliances. The dining and living room offer views to the North East mountains. Another great feature is the ease of access with large hallways and wide door frames making this home wheelchair friendly. There is also a generous sized double lock up garage with internal access.
For those who love entertaining friends and family, there is a lovely covered alfresco area which is a great spot for a BBQ. The property has a large, fenced yard and this loca on is ideal for families and working professionals being only walking distance to Moruya CBD, primary and secondary schools, clubs, pubs and sports fields. Overall, this property has a fresh, modern vibe and will suit those looking for a newer property that does not require upda ng.
For a private viewing, please phone Sam Sheather on 0478 004 088
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ByNego a on
630,000
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