The Weekly Real Estate From Coast to Country, October 13, 2022

magnificent home

Tweed Valley &

Timber home with architectural hints of the orient

be one of the

of timber home architecture in the Tweed Valley. After 27 years the current owner

to a lucky purchaser

of its magnificence.

home consists of 4 good sized bedrooms

bathrooms. A bath wrapped in glass to take advantage of the forest and the perfect place to relax and recharge.

lounge room with cathedral ceiling

a glass wall is soaked in light with breath taking forest views. The house has a central courtyard with fish pond

certainly feel a taste of the orient.

Real Estate

FROM COAST TO

Mixed reviews on the current state of the market

By Madeleine Murray

IT’S BEEN a rollercoaster ride since the surreal months last year when people from Melbourne, Perth and Sydney were buying houses in the Northern Rivers, sight unseen.

Dozens of people would go to a house viewing, and put in offers, only to be told that someone from Perth had just bought it.

those months, real estate companies only had one or two houses for sale.

Local real estate agents have different views about the current market.

DJ Stringer Property Services Principal David Stringer told The Weekly the market is stabilising with some increased activity, as well as reduced prices.

“In the last couple of weeks, we’ve seen an increase in activity with open homes inspections,” Mr Stringer said.

“People are coming from Melbourne and Sydney and the increase has been quite noticeable, particularly in suburbs such as Banora Point and Tweed Heads.

“There has been a correction in prices over the last eight to ten

weeks, some falling by as much as 20 per cent.”

Mr Stringer said prices have been reduced “as the expectations were probably too high.”

“Sellers have had to adjust their prices,” he said.

“What was $1.2 million a few months ago could be $1 million now.”

We all remember the winter and spring of 2021 when there was a frantic rush to buy one of the few houses on the market.

This was partly fuelled by COVID which suddenly allowed people to work from home, and the desire to get out of the city to a healthier, regional lifestyle.

“The peak lasted until the beginning of 2022,” Mr Stringer said.

“In the second quarter of this year, we started to see a slowdown in the market, with interest rates rising and general uncertainty.

“We came off such a high, it’s taken some time to stabilise. I can’t see it going backwards or upwards.”

Schmith Real estate Principal Justin Schmith is a bit more pessimistic.

Open Homes

Saturday, October 15

MANA Real Estate

33/19 Elizabeth Street, Pottsville. Sat 9-9.30am

7 Saddle Way, Murwillumbah. Sat 9.30-10am

18 Dorothy Street, Murwillumbah. Sat 9.45-10.15am

41 Coral Fern Circuit, Murwillumbah. Sat 10.30-11am

1/3 Halyard Court, Ocean Shores. Sat 11-11.30am

19 Chevell Place, Smiths Creek. Sat 11.30-12pm

119 Smiths Creek Road, Smiths Creek. Sat 11.45-12.15pm

14 Narooma Drive, Ocean Shores. 12-12.30pm

Belinda Franks

5 Martin Street, Murwillumbah. Sat 11-11.30am

439 Tweed Valley Way, South Murwillumbah, Sat 10-10.30am

973 Reserve Creek Road, Reserve Creek. Sat 1.30-2.15pm

“This might be the last good quarter for a while,” Mr Schmith said.

“Interest rates are going up, there is now the halving of borrowing capacity.

“This could be the last quarter where we see some premium results.

“There’s a lot more pain coming.”

Rising interest rates, and the recent constrained borrowing capacities, are causing home prices nationally to fall.

By September they were 3.4 per cent below their March peak.

These declines are mainly driven by the Reserve Bank’s proactive response to inflation, and the government’s recent announcement of stricter borrowing rules.

McGrath Real Estate

1/11 Parkland Place, Banora Point- 9.30-10am

4 Mourne Terrace, Banora Point- 10- 10.30am

2/1 Eddy Place, Kingscliff- 12- 12.30pm

DJ Stringer Property Services

181 Tweed Valley Way, South Murwillumbah 10-10:30am

2124/14-22

Stuart St, Tweed Heads 10-10:30am

11 Mourne Tce, Banora Point 11-11:30am

3/12 Marian St, Tweed Heads West 11-11:30am

12 Ocean Ave, Tweed Heads South 11-11:30am

15 Chardonnay Cres, Tweed Heads South 12-12:30pm

1/2 Endeavour Pde, Tweed Heads 1-1:30pm

Tate Brownlee Real Estate

36/3-19 Amaroo Drive, Banora Point 9:00-9:30am

10/13 Cabernet Court, Banora Point 9:00-9:30am

2/85 Henry Lawson Drive, Terranora 10:00-10:30am

14/5 Sedalia Place, Banora Point 10:00-10:30am

5 Elm Place, Banora Point 11:30-12:00pm 12PM AUCTION

35 Old Ferry Road, Banora Point 1:00-1:30pm

We’re here to connect the property dots

24 Parkes Lane, Terranora 2:00-2:30pm

12 Ribbonwood Pl, Terranora 2:30-3:00pm

First National Open homes

2/21 McPherson Court, Murwillumbah - 9 – 9.30am

2 Elouera Terrace Bray Park - 9.30 – 10am

9 Mooball St, Murwillumbah - 10 – 10.30am

5 Kintyre Crescent, Banora Point 10 – 10.30am

148 Bakers Road, Dunbible – 10 – 10.30am

10 George Street Murwillumbah - 10.30 – 11am

10 Oakbank Tce, Murwillumbah 11 – 11.30am

62 Myrtle St, Murwillumbah 11– 11.30am

27-29 Bawden St, Tumbulgum – 11 - 11.30am

109 Bonnydoon Rd, Uki – 11 – 11.30am

10 Culbara Court, Stokers Siding - 11-45 - 12.15pm

1 Sapphire St, Murwillumbah 12– 12.30pm

3808 Kyogle Road, Mount Burrell – 12- 12.30pm

Kookaburra Court, Stokers Siding – 12.30 - 1pm

1636 Tyalgum Rd, Tyalgum – 2 – 2.30pm

Elders Tweed Valley

Midginbil Road, Midginbil – 2-2.30pm

This Murwillumbah home is for Sale for $819,000 with First National Real Estate Murwillumbah.

This rare coastal block of land is on the market with Elders Real Estate Tweed Valley & Coolangatta.

This Kunghur property is for sale with Northern Rivers Property Group.

Family Home

For Sale

Lifestyle Acreage

been dreaming

well-maintained

plenty of room for children

like

own

Sale

the beach

bedroom

come home

high-end

landscaped

showstopping

Sale

Ultimate Lifestyle Home

yourself in the natural beauty of crystal-clear running creeks, abundant wildlife & your own private acreage.

main residence sits overlooking the gently winding creek that flows as the natural boundary for the property. Sit back and enjoy the view of Mount Warning from your full wrap around veranda and admire the beautiful greenery that could be your farm.

wonderful combination of flat cleared areas, coupled with rainforest wildlife corridors makes this property a unique opportunity.

a few head of cattle, a hobby goat, or a few horses for adventure riding would be ideal with an abundance of grazing land

treed areas to explore.

house yard is fenced to help keep your pets enclosed and the wildlife outside protected.

water irrigation rights to allow you the perfect opportunity to set up your very own fruit orchard or resource security

hotter summer

Unique Private Sanctuary

Offering serene tranquility and privacy, this charming riverside and linear park residence has just been upgraded and offers several points of difference. With a keen eye for detail, all surfaces, inclusions and fittings have been thoughtfully selected. The result is a contemporary yet comfortable showpiece with an overall feeling of placid solitude and a calm sense of home.

The spacious living area flows seamlessly out to the lush sanctuary backdrop and through to the leafy reserve and glistening water beyond. Upmarket floating flooring flows through to the spacious family area which is tastefully defined into subtly defined living and dining spaces. Elegant lighting and effective use of mirrors add a note of sophistication.

Stone benchtops, stylish tile splashbacks, integrated water filtration are all on offer in the well-designed and functional showcase kitchen.

The oversize Master bedroom overlooks the lush garden and offers ornate lighting, automatic blinds and “hidden’ walk-thru-robe and ensuite.

A huge point of difference here is a fully fenced yard, but it is far more than just your ordinary backyard. Step out onto your rear patio and be ushered into another world altogether, a manicured oasis that delights the senses and gives a sense of calm and tranquility in a unique and calming environment. Relax and entertain in the substantial timber pergola fitted out with fans and lighting, a perfect place for dining or just quiet contemplation.

And from there…. Through the back gate lies a secluded reserve. Enjoy leisurely walks or bike rides for kilometres along the crystal-clear deep-water river which enjoys tidal flow. There’s a boat ramp at the end of the road; you can launch your kayak from the small sandy beach, or enjoy a refreshing swim. Overstatement? Well, you be the judge…

Other positive features include:

• Ducted air-conditioning throughout.

• Extra multi-purpose room with several options. Study? Storeroom?

• Large but unobtrusive rainwater tank with pump.

• Brand new 315 litre hot water system.

• Separate laundry

• Planted out vegetable patches which can easily be converted to garden beds.

• Unaffected by recent or previous weather events.

Yes, welcome to Sunset Boulevard, so close to everything but like a world away from the cares of the day. All offers will be respectfully considered.

To arrange a private inspection or for further information please contact Steve Riding of Base Property Group on 0438 365 457

Beautifullly presented, north facing with modern interior less than 1km to town centre. Features include large covered outdoor living/dining, inground magnesium pool, extensive solar array w' battery storage, solid timber floors, 9'6" ceilings, plantation shutters, louvre windows, fully fenced yard, raised vege gardens, water tank. This home was not affected in 2022 flood event.

SOLD!

Beautifully presented, large 4 bedroom home has 5 separate living spaces providing ample room for a large family. Brand new pool house & studio. Great location, quiet area, well positioned to the beach and M1 to commute north/south. Lush rolling acres with spring-fed stream, ideal for kids, pets, golf or livestock. This home is a rare opportunity in the coastal rural market to get so much value in a property, ready to move into and enjoy.

Home -

This solid, original cottage taking in a majestic view to Wollumbin (Mt Warning) and the Caldera has a DA approval in place for full width extension at rear & ensuite/walk-in robe to main. Completely above flood risk, the home is ready to be transformed. New roof, solid hardwood construction/concrete & timber stumps, 10ft ceilings, original floors & windows. Secure this great position, close to the Gallery & 2km to town.

Concept Elevation

Open HomesThurs 4-5pm

10-10.30am

House Plans available

your new home site in the highly sought Altitude Estate.

681m2 allotment enjoys a great northerly, elevated aspect

to the hinterland, Gold Coast & Tweed. Gentle slope from the street frontage with a stunning concept plan for a 2 level home (4 brms, media room, studio, multiple in/outdoor living areas

inground pool) designed for modern family living.

vendors

character home

walkthrough-robe

en-suite Large 1162sqm

for the kids

play, veggies

grow and chickens

roam Sparkling spa, fire pit and pizza oven - an entertainer's