Real Estate Estate
FROM COAST TO COUNTRY
By Jo Kennett
THE ‘GOLDEN arc’ from northern NSW through the Gold Coast, Brisbane, to the Sunshine Coast keeps attracting both interstate and international migrants and with housing supply falling short of demand and strong market confidence, prices continue to rise nationally.
That’s according to economist Nerida Conisbee and our local agents agree.
Schmith Estate Agents
Schmith’s Principal Justin Schmith says 2024 has been “a bit push and shove.
“We’re back to old traditional real estate where one needs to know what they’re doing, have the right approach or advice, and really know their target market,” he said.
“Days on market have noticeably increased compared to this time last year particularly for rural markets.
“Strangely, the Christmas slowdown in open house numbers came unusually early this year, normally it starts mid-December but it nearly started at the end of November.
“However, this period of course I am on deck all summer as enquiry never sleeps.”
Justin says owners who want to sell
2024 market wrap
will meet the market feedback and sell.
“Others may miss the boat, so if a seller requires a price adjustment they should act sooner rather than later as this could cost the vendor even more if prolonged,” Justin said, adding that the higher price point stock is mainly going to interstate buyers at about 50/50.
“It was more 70/30 in favour of interstate buyers before and lower price stock is mainly local buyers.
“Prospective buyers are mainly owner occupiers, as recent legislation for tenancy and interest rates have hit investors unfavourably.”
Justin and his agents are looking forward to having a couple of days off over Christmas.
Northern Rivers Property Group
Paul and Adrianna from NRPG say the market has been fairly steady but if clients are thinking of selling next year, preparation is imperative and they are currently doing selling plans for 2025.
“There’s a lot more stock on the market now which means more options for buyers,” they said.
“Coming into summer with all the rain the properties are looking lush; nice and green and ready for those picture perfect photography shoots.
Open Homes
All times are DST unless specified. Saturday, December 14
JET Real Estate
• 2 James Street, Murwillumbah 9:30-10:00am
• 184 Stokers Road, Stokers Siding 9:30-10:00am
• 1 William Street, Murwillumbah 10:30am-11:00am
• 303 Crabbes Creek Road, Crabbes Creek 11-11:30am
DJ Stringer Property Services
• 40 Korina Ave, Coolangatta 8:30 – 9:00am (AUCTION ON SITE @ 9:00am) QLD Time
• 75 Gilward Dr, Mudgeeraba 9:00 – 9:30am QLD Time
• 12/28 Coolangatta Rd, Kirra 10:00 – 10:30am QLD Time
• 1066/20-22 Stuart St, Tweed Heads 11:30 – 12.00pm NSW Time
“Traditionally it does slow at Christmas, from December 20 to January 20 it’s a lot quieter, but the key is to be ready already for next year, to beat the glut that will come on at the end of January.”
They say a lot of vendors are holding firm on price “but what buyers need to do is make offers where they are comfortable.“
“If they never try they will never know,” Paul and Adrianna said.
“We are still getting a great mix of interstate mostly from Melbourne/ Sydney and the Gold Coast/Byron areas.
“The majority are owner occupiers. Murwillumbah CBD is moving really well with shorter days on market and small rural acreage is always popular.
“Our bespoke marketing is very much social media heavy and we specifically target these areas.”
McGrath Estate Agents Coolangatta/Tweed Heads
McGraths Sales Agent Rachael Ford says the market has been “exceptionally strong” throughout 2024.
“On average prices increased by 10 to 15 per cent in the Tweed region,” Rachael said.
“This was driven by low supply, stable interest rates and a continued
migration from northern Gold Coast suburbs and Sydney and Melbourne buyers who see value in the area.
“The market always slows a little at this time of the year, as buyers’ focus moves toward the end of the school year and Christmas festivities.
“Renovated and near new properties under $1.2m are keenly sought and are often attracting multiple offers and selling for higher than asking price, however buyers are very educated and overpriced properties are not selling unless the owners are prepared to adjust their price expectations.
“We are seeing a lot of activity from buyers currently living in Burleigh through to Palm Beach — they see the Tweed region offering great value.
“There is also still strong activity from buyers relocating from Melbourne and Sydney.”
Rachael says investors, owner occupiers and first home buyers are all active.
“Investors and first home buyers are often competing for entry level properties under $1m and we are seeing solid demand from families looking to upgrade to a larger property in the $1.1m to $1.5m range.”
• 2124/14-22 Stuart St, Tweed Heads 12:00 – 12.30pm NSW Time
• 4/14 Lorikeet Dr, Tweed Heads South 12:00 – 12:30pm NSW Time
• 20 Eliza Fraser Ct, Terranora 1:00 – 1:30pm NSW Time
• 2/98 McLean St, Coolangatta 1:00 – 1:30pm QLD Time
• 5 Pimpala Crt, Tugun 2:00 – 2:30pm QLD Time
Tate Brownlee Real Estate
• 3 Parkes Lane, Terranora, 9-9.30am
• 23/14 Lorikeet Drive, Tweed Heads South, 10 – 10.30am
• 37 Lochlomond Drive, Banora Point, 11 – 11.30am
• 10 Seafarer Place, Banora Point, 12-12.30pm
• 57 Henry Lawson Drive, Terranora, 12– 12.30pm
• 11 Roundelay Drive, Varsity Lakes, 2, – 2.30pm
Schmith Estate Agents
• 1 Norlyn Avenue, Ballina, 9-9.30am
DJ Stringer Property Services
Principal David Stringer says the market this year has been very strong “with buyers definitely overshadowing supply which has pushed prices up.”
“The lead-up to Christmas is historically very busy with buyers wanting to find their new homes and sellers wishing to expose their property to a wider buyer audience,” David said.
“Prices have risen sharply during 2024 however seem to be leveling out.
“We are fortunate that the southern Gold Coast and northern NSW regions attract many buyers from Melbourne, Sydney, Brisbane and of course locals shifting around.
“The lower end of the market is definitely attracting first home buyers and yes, there is also a strong surge of investors looking to start or add to their investment portfolios.”
Thanks so much to all our wonderful agents for all your help with this column. Wishing you all a lovely Christmas and a happy New Year.
• 131 Phoenix Drive, Tintenbar, 10-10.30am
• 6 Grey Gum Street, Pottsville, 10-10.30 NSW time
• 1201/120 Marine Parade, Coolangatta, 11-11.30am QLD Time
• 321-323/99 Griffith Street, Coolangatta, 12-12.30 QLD Time Kerrie Duval
• 10-1-19 Blue Jay Cct, Kingscliff, 11- 12pm McGrath
• 2 Karingal Avenue, Bilambil Heights, 9 – 9.30am
• 6 Sandpiper Avenue, Tweed Heads, 9.30 – 10am
• 9 Bawden Street, Tumbulgum, 10 – 10.30
• 32 Surf Street, Kingscliff, 10 – 10.30am
• 44 Naponyah Road, Terranora, 10.30 – 11am
• 8 Norths Lane, Nunderi, 11 – 11.30am
• 3 Longboard Circuit, Kingscliff, 11– 11.30
• 65 Tamarind Avenue, Bogangar , 12 – 12.30pm
• 10/41 Tweed Coast Road, Bogangar, 12 – 12.30pm
• 13/25 Saltwater Crescent, Kingscliff, 1 – 1.30pm
SEASON’S GREETINGS FROM JET REAL ESTATE
Thank you to our customers, clients, and suppliers for a wonderful 2024. Your support has meant the world to us!
Wishing you and our wonderful community a happy, safe, and joyous holiday season. We look forward to helping you make your real estate dreams a reality in 2025!
Please note, our office will be closed from 21st December 2024 to 6th January 2025.
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