Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
New housing finance hits record highs By Jonathon Howard
THE REAL estate market is running hot, with recent data from the Australian Bureau of Statistics (ABS) showing a record rise in new home loans, as interest rates hit record lows. The August 2020 Lending to Households and Business figures recently released by the ABS shows a sharp monthly rise in the value of new home loans, which includes both owner occupiers and investors, up 12.6 per cent when seasonally adjusted. The value of new loan commitments for investor housing rose 9.3 per cent to $5 billion in August, but is down 4.6 per cent for the year. Queensland and Victoria are the two states leading the charge for new investment finance. The number of first-home buyers entering the market has reached its highest point since October 2009, with a total of 12,302 buyers committing $5 billion in new mortgages – an increase of 17.7 per cent over the month and 37.3 per cent over the year. The dollar value of new loan commitments for owner occupiers
to build new homes rose 19.2 per cent in August and 43 per cent over the past 12 months. Loans for owner occupiers to purchase existing homes increased by 9 per cent in August and 13.7 per cent over the year to a total value of $11.5 billion in August. “The value of owner occupier home loan commitments was $16.3 billion in August, the highest value in the history of the series,” ABS head of Finance and Wealth, Amanda Seneviratne, said. “August’s 13.6 per cent increase in the value of owner occupier home loan commitments is the largest month-on-month rise in the history of the series, eclipsing the previous record of 10.7 per cent set in July. “New loan commitments for owner occupier housing rose in all states and territories, except the Northern Territory. “The largest increases in the value of new loan commitments were in Victoria, Queensland and New South Wales.” The data should be approached with some
Open homes *All open homes are listed in NSW time
Friday, October 23
First National Murwillumbah 25 Scott Street, South Murwillumbah, 1pm-1:30pm
Saturday, October 24 DJ Stringer
10/15-17 Ivory Crescent, Tweed Heads, 9:00am-9:30am 26/2 Rosella Close, Tweed Heads South, 10:00am-10:30am 2/75 Jacaranda Avenue, Tweed Heads West, 10:00am-10:30am 2/5 Cabernet Court, Tweed Heads South, 11am-11:30am U2135 Tweed Ultima, Tweed Heads, 10:00am-10:30am U2021 Tweed Ultima, Tweed Heads, 10:30am-11:00am 8/2 Endeavor Parade, Tweed Heads, 11am-11:30am 3/61 Charles Street, Tweed Heads, 11am-11:30am
119 River St, Murwillumbah
Housing finance for owner occupiers has increased by almost 20 per cent in the past year
caution, according to the ABS, as borrower behaviour and lender processing times have been strongly affected by the COVID-19 pandemic, and this is impacting month-on-month movements. “Lenders are reporting to us that current processing times mean that August commitments reflect customer demand in June and early July, prior to Victoria imposing stage 3 and stage 4 restrictions,” Ms Seneviratne said.
Meanwhile, the Australian Banking Association has reported that repayments have resumed on almost half of all deferred mortgages and small businesses loans, reducing the risk of a future ‘fiscal cliff’. The Real Estate Institute of Australia (REIA) has welcomed the announcement, with its president Adrian Kelly, saying the news is promising for the real estate market. “The resumption of repayments in about half the cases is
17/83 Gollan Drive, Tweed Heads West, 11am-11.30am 14/21 Dixon Street ,Coolangatta, 11.30am-12pm 14 Marie Street, Tweed Heads South, 12pm-12:30pm 11/30 Lanham Street, Coolangatta, 12:30pm-1pm 1 Hill Street, Tweed Heads, 1pm-1:30pm 4/27-29 Dutton Street, Coolangatta, 1.30pm-2pm 8/27-29 Dutton Street, Coolangatta, 2pm-2.30pm 73 The Quarterdeck, Tweed Heads, 3pm-3:30pm
First National Murwillumbah
25 Scott Street, South Murwillumbah, 9am-9:30am 99 Riveroak Drive, Murwillumbah, 10am-10:30am 57 Kyogle Road, Bray Park, 10am-10:30am 63 Braeside Drive, Uki, 11am-11:30am 11 The Plateau, Murwillumbah, 11am-11:30am 17 Baker Street, Murwillumbah, 12pm-12:30pm 1345 Tyalgum Road, Eungella, 1pm-1:30pm
Ray White Tweed Valley
20 Banora Terrace, Bilambil Heights, 12pm-1pm
Thinking of Selling? Turn Curiosity Into Confidence Don’t Guess. Know.
an encouraging sign that mortgagees will not be facing a cliff that some anticipated a few months ago,” Mr Kelly said. “The banks’ commitment to working with customers is welcomed; and suggests fire sales will be an absolute last resort as the recovery commences.” For those still struggling to make their repayments, Mr Kelly’s advice is to “talk to your banks early and often”.
Raine & Horne Ocean Shores/Brunswick Heads/ Murwillumbah 9 Banool Circuit, Ocean Shores, 9am-9.30am Pinnacle Estate, Ramsay Close, Goonellabah 9am-10am 1 Uki Street, Murwillumbah, 9.30am-10.00am 16/2 Rajah Road, Ocean Shores, 9.30am-10am 12 Borton Street, Ballina, 10.00am-10.30am 39 Yamble Drive, Ocean Shores, 10.30am-11.00am 1 Hunter Street, Burringbar, 11.00am-11.30am 1/4 Roundhouse Place, Ocean Shores, 11am-11.30am 17 Philip Street, South Golden Beach, 11.30am-12.00pm 120 Balemo Drive, Ocean Shores, 12pm-12.30pm 1 Elanora Ave, Pottsville, 12.30pm-1pm 69 Argyle Street, Mullumbimby, 1pm-1.30pm
Sunday, October 25
Ray White Tweed Valley 20 Banora Terrace, Bilambil Heights, 12pm-1pm
10 McPherson Court, Murwillumbah
What is my home worth? Talk to us about your Local market Call our office Today.
Raine Horne
14 Tulipwood Crt, Murwillumbah
(02) 6672 4477
FREECALL 1800 547 848 rh.com.au/murwillumbah
84804
12 Mount Ballow Ave, Murwillumbah
86 MCLEOD STREET CONDONG • 1 OPEN HOME • 15 BUYERS...5 OFFERS • SOLD ABOVE ASKING PRICE 1326 TYALGUM RD TYALGUM
TESTIMONIAL “Paul has all of the qualities that you hope to find when looking for an agent to sell your property. Right from the start he was enthusiastic and I felt confident that he would get me the best price possible and he did! He has a warm and friendly demeanour that puts people at ease as well as being very professional at all times. I can honestly recommend Paul to anyone needing an agent. He’s the best!” - Shayne...Vendor
• MULTIPLE PRIVATE INSPECTIONS • 4 OFFERS • ACCEPTED OFFER ABOVE EXPECTATIONS 76 BYANGUM RD MURWILLUMBAH • 4 OPEN HOMES • 2 OFFERS • SOLD FOR FULL ASKING PRICE! 76 RIVEROAK DR MURWILLUMBAH • MULTIPLE PRIVATE INSPECTIONS • SOLID QUALIFIED BUYER • EASY STRAIGHT FORWARD PROCESS 10 EWING STREET MURWILLUMBAH • 1 OPEN HOME- 22 PEOPLE THROUGH • 4 WRITTEN OFFERS • ACCEPTED OFFER ABOVE ASKING PRICE 11 RAY STREET BRAY PARK • 4 WRITTEN OFFERS • HIGHEST SALE IN THE STREET • MULTIPLE PRIVATE INSPECTIONS
02 6672 7828 sales@fnmurwillumbah.com.au
84798
TESTIMONIAL “Adrianna is a highly proactive agent who listens and acts on the vendor’s wishes, and most importantly, she gets the job done! Within days of contacting Adrianna, we had multiple offers on the table and she was instrumental in mediating negotiations to a sales outcome beyond our expectations. Definitely the best selling experience we’ve had over multiple properties. We unreservedly recommend Adrianna to any vendor.”
OV ER
ONE DAY IS TODAY
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ST 0% AG S E 1 OL D
LAND NOW SELLING 84811
Iluka, North Coast NSW
Call Fiona Beamer 0419 497 447
birriganilukabeach.com.au
20 Banora Terrace, Bilambil Heights
raywhiteruraltweedvalley.com.au
Key features of this opportunity include: * * * * *
Freehold 4,893m2 block Quality workmanship throughout 9 x 3 mtr shed with concrete oor, power & water Quiet cul-de-sac overlooking a reserve All the hard work has been done
Auction Wed 28 October 5:30pm EDST 4/6-8 Amber Road Tweed Heads South Open homes Sat & Sun 12:00-1:00pm Wed 4:30-5:30pm Agent Brad Franks 0404 051 111
84682
Best Of All Worlds You really can enjoy a superb lifestyle with this exceptional opportunity that has a solid family home with a NE aspect and views over the Terranora Broadwater to the Ocean. This property will suit those who are looking to be self-suďŹƒcient as the garden is full of fruit trees. Motivated vendors are ready to sell. This needs to be on the top of your open home list.
Tweed Coast
CASH DRAW LIST YOUR PROPERTY FOR SALE OR FOR RENT
HOW WOULD YOU SPEND THE MONEY? Renovation? Holiday? Rental? Family? Mortgage? Party?
Pottsville Beach 02 6676 1053
Banora Point 07 5523 1111
Tweed City 07 5523 3900
Murwillumbah 02 6672 7828
www.potsville.com.au
www.fnbanora.com.au
www.fntweedcity.com.au
www.fnmurwillumbah.com.au
11/5 Coronation Avenue, Pottsville Beach NSW 2489
4B Banora Shopping Village, Banora Point NSW 2486
1/28 Minjungbal Drive, Tweed Heads South NSW 2486
64 Murwillumbah Street, Murwillumbah NSW 2484
List your property for sale or for rent by 13th December to take part in our $10,000 prize draw. 2 x $5,000 cash prizes to be won. Draw will take place 16th December 2020.
84795
1st SEPT TO 13th DEC 2020 COMPETITION
Coolangatta | Tweed
! VENDOR WANTS THEM SOLD!! SUBMIT ALL OFFERS
A Rare Price Point & Opportunity Overlooking Tweed Hinterland and Mount Warning these very affordable residential studio’s and 1 bedroom apartments offer a tranquil resort lifestyle. Studio $110,000 22m2 internal + 11m2 porch Body corp approx $35p/w 1 bed 1 bath $210,000 58m2 internal + 27m2 porch Body corp approx $63p/w Rates approx $2,500 Pet friendly upon body corporate approval
84802
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(07) 5536 5577 coolangattatweed.ljhooker.com.au
Absolute waterfront living - adjacent to major shopping
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Motivated vendors are open to all offers.
2 1 1
8 / 2 Endeavour Parade Tweed Heads
Price $500,000 range
bed
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Light-filled & airy unit with water views from every room
View Contact Agent to arrange appointment
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Living area opening on to waterfront balcony
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Retro galley style kitchen
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Main bathroom with separate bath
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Separate laundry with plenty of storage space
Agent Peter Walmsley 0412 763 000
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Master bedroom with built in robe and water views from the comfort of your bed
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Single lock up garage
(07) 5536 5577 coolangattatweed.ljhooker.com.au
bath
car
Buyer Range $600k - $625k Open Saturday 11 – 11:30am (NSW TIME)
David Stringer 0418 150 731 david@djstringer.com.au
the home of real estate
(07) 5599 5222 | www.djstringer.com.au 76 Griffith Street, Coolangatta | Open 7 Days
Scenic home with real character
14 Marie Street Tweed Heads South Outstanding opportunity to acquire this character filled 4 bedroom home which commands scenic views and offers upside to those that may wish to modernise to the current era & or add a future pool.
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Open plan air-conditioned living with 2 separate zones as well as bar area
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Well-appointed kitchen
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Tiled lower living with separate teen retreat/ family room
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Master with ensuite & access to lower balcony
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Covered rear entertainers deck with scenic views
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2 car auto garage with internal access, laundry as well as plenty of storage space & workbench area
4
bed
2
bath
2
car
Land Size 607m2 Buyer Range $600k - $650k Open Saturday 12 - 12:30pm (NSW TIME) David Stringer 0418 150 731 david@djstringer.com.au
(07) 5599 5222 | 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au
the home of real estate
84809
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5.66 HA lot situated in spectacular Piggabeen/Cobaki Valley 15 minute drive to Coolangatta beaches & Gold Coast International Airport Private and tranquil subtropical lot with potential ocean views with selective clearing Northerly aspect so you can enjoy winter sun & summer breezes Zoned RU2 Dwelling entitlement
84678
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84809
Coolangatta | Tweed
Vintage D-Bah beach house - Since 1955
4 1
1 Hill Street Tweed Heads
bed
bath
(also known as 12 Coral Street) Step back in time with this 4 bedroom beach-house, commanding exceptional water views over Jack Evans Boat Harbour & ocean views to the North. * To assist prospective purchasers with their diligence, Building & Pest Reports are available upon request.
KEY FEATURES •
Cool timber flooring throughout
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Generous living area
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Balcony commanding extensive water views over the boat harbour
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Study or additional guest room
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Off street parking
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Renovate, Develop or build dream home
Land Size 550m2 For Sale By Negotiation Open Saturday 1 - 1:30pm (NSW TIME) David Stringer 0418 150 731
(07) 5599 5222 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au
the home of real estate
84810
david@djstringer.com.au
Mr Property Services North Star Holiday Resort Hasting Point 1
Palm Lake Resort Banora 3
1+1
1
1+1
$249,000
$360,000
Call Kelvin
Call Kelvin
0423 028 468
0423 028 468
The Palms Village - Tweed Heads South
Pyramid Park -Tweed Heads
3
1
1
2
$295,000
2
1
$129,000
Call Kelvin
Call Kelvin
0423 028 468
0423 028 468
Banksia Waters Tweed Heads
Banksia Waters Tweed Heads
2
2
2
2
1
1+1
$425,000
$220,000
Call Kelvin
Call Kelvin
0423 028 468
0423 028 468
The Palms Village - Tweed Heads South
Tweed Broadwater - Tweed Heads South
2
1
2
1
1
$249,000
$285,000
Call Kelvin
Call Kelvin
0423 028 468
0423 028 468
View over 50 homes at www.mrpropertyservices.com.au Mr. Property Services was established over 10 years ago to offer a professional and dedicated service at reasonable rates to the ‘Buyers’ and ‘Sellers’ of manufactured homes located in Lifestyle Villages and Residential Parks in the Tweed Valley and the southern tip of the Queensland Gold Coast. Mr. Property Services is still permitted to arrange and
1
Email: kprice@mrpropertyservices.com.au
conduct home inspections in NSW and QLD during these challenging times. Mr. Property Services has over 30 homes ranging from $59,000 to $360,000 located at 15 Lifestyle villages and Residential parks. “We are confident that we will have a home for you!”
84805
2
139 Minjungbal Drive Tweed Heads South Phone: (07) 5523 3431 Mobile: 0423 028 468