Real Estate FROM COAST TO COUNTRY
No sign of a slowdown for Tweed market
Jason said there are a lot of people looking for lifestyle budget price properties. PRICES AND demand for properties in “They have around $500,000 or the Tweed Shire and Coolangatta are $600,000 but it’s just not available here,” continuing to rise, with many workers he said. contracted to the new Tweed Valley “Everyone wants to live here because it’s Hospital looking for accommodation, so beautiful but it’s just not affordable for further adding to the demand. everyone. Schmith Estate Agents principal Justin “I don’t think rate rises have slowed Schmith said the market during spring Lifestyle properties like this one at 12 Gumly Close, Burringbar, for sale with Schmith things down because there has been so had seen the best selling conditions since Estate Agents are in demand much pressure over the last three years the peak of the market in February and with COVID and rate rises. March, 2022. and areas. “We are expecting the normal crazy rush “Now a lot of people are just biting the “Someone really turned the tap on with “Sadly, some very long-term locals are to December 25.” bullet and buying.” the lack of stock being the main driver and not overly enjoying the rapid development Jet Real Estate Director Jason Dittmas said Jason said there has been a lot of a consistent pause of interest rates,” Justin change of the Gold Coast and pending his team sold pretty much everything they enquiries from health workers looking for told The Weekly. Tweed Coast mainly due to traffic and faster put up this spring. accommodation for work at the Tweed “Also, rentals are still high, so it’s still better paced city-type orientations. “It would have been nice to have double Valley Hospital and people moving to to try and own your own property. “Many are looking to leave for areas the amount of property because it would Murwillumbah for work. “Since interest rates went up on November such as the Fraser Coast or south to Yamba have sold as well,” Jason said. “A lot are looking for rentals so we are 7 it has already had a noticeable effect. where it’s more similar to what it was here “There are so many people in the buyback scrambling on that front as well,” Jason “I’ve never seen a market so quick and before. scheme that want to stay in the area. said. volatile.” “Many downsizers continue to sell but the “Their whole lives are here and the “I think things will just keep going like this Justin said that stock levels “very much market is still very price sensitive. government is buying their properties but next year; prices are sneaking up and we unexpectedly” declined rather than “Anything good and priced well sells in there just aren’t enough properties being have caught up to the losses from 2022 and increased as predicted over the spring two or three weeks or, if the price needs sold. 2023. selling season. adjusting it might be one or two months.” “It’s a budget thing too because they are “We can’t say prices are down because “Who is currently buying in the area Justin said that, unfortunately, there are no given a certain amount of money and some they are not. It’s a supply and demand depends on the price point,” he said. signs of more significant stock coming onto can’t borrow. issue. “There are plenty of locals active in the market. “The price of property in Murwillumbah “If you want to get into the market, stop in the market and lots of first home buyers, “Everything is steady on the southern Gold has lifted quite a lot so they might get and talk to agents. although prices are often out of range Coast and the Tweed,” he said. $500,000 or $600,000 for their house as anything up to $700,000 is highly “There are a few off-market sales at the “The days on markets for rural properties and everything is $700,000 and they can’t moment so sometimes it’s better just to pop competitive. “There are plenty of Melbourne buyers on are notably slower, but properties with easy borrow because they might be retired or in for a chat so we can understand your our books across all products, price points or little maintenance are moving quickly. older or don’t have income.” needs and match them to a property.” By Jo Kennett
Open Homes Saturday, December 16
NSW
• 3 Rose Lane, South Murwillumbah 1111:30am • 115/1 Harbour Dr, Tweed Heads 11-11:30am NSW • 3/9 Ocean St, Kirra 11:00 – 11:30am QLD
Belinda Franks
• 33 Dorothy Street, Murwillumbah 10• 5/4 Mugga Way, Tweed Heads 1:00-1:30PM 10.30am • 16/182-184 Kennedy Dr, Tweed Heads West NSW • 41 Barnby Street, Murwillumbah 11-11.30am 10-10:30am NSW
DJ Stringer Property Services
• 4/162 Marine Pde, Rainbow Bay 10-
JET Real Estate
Kerrie Duval
• 1/16 Joshua Street, Murwillumbah 9:-9:30am • 25/1-9 Blue Jay Cct Kingscliff 10-10.30 am 10:30am QLD • 62 Riverview Street, Murwillumbah 10• 2/28 Boyd St, Tweed Heads 10:00-10:30am • 17/1-9 Blue Jay Cct Kingscliff 10.30-11 am 10:30am
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