Tweed land values have skyrocketed
By Jo KennettTHE NSW Valuer General has just released the latest land values, with the Tweed Shire experiencing big increases between July 2021 and July 2022.
The land value is the value of the land only and doesn’t include the value of a home or other structures. Property sales are the most important factor valuers consider when determining land values.
Land values are one factor used by councils to calculate rates.
The increase in values in the Tweed Shire was consistent across residential, commercial, industrial and rural property, with demand from buyers relocating from cities to the area and working remotely, as well as tree and sea changers and retirees.
Market drivers include relative affordability, additional supply from increased building to accommodate population growth, and the Pacific Highway upgrade and access to interstate and international destinations from the nearby Gold Coast international airport.
Residential overview
A very strong increase in residential land values between July 2021 and July 2022 was consistent across all markets and was led by coastal locations including Casuarina, Cabarita Beach and Kingscliff, offering coastal proximity and relative affordability compared to major centres and Byron Bay.
The highest jump over the year from July 1, 2021 to July 1, 2022 was at Kamala Crescent, Casuarina, which has R1 zoning (multi-dwelling housing, residential flat buildings) with a 5,394-square-metre lot doubling in value from $3,160,000 to $6,320,000.
Cunningham Valuers and Property Advisers owner Tim Cunningham said a suburb’s new values “will depend on the growth that suburb has seen over the past few years.”
“Beach front/beach side areas have generally seen more growth than say Banora or South Tweed, therefore the new land values are in line with this,” Tim said.
“With Kamala Crescent I think it was coming off a low base
Open Homes
Saturday, January 28
Tweed Heads Coolangatta Real Estate
4/117 Wharf Street: 10am-10:30am
23 Blundell Boulevard: 11am-11:30am
16/3-19 Amaroo Drive: 12pm-12:30pm
Elders Tweed Valley Amy Rosser
8 River Street 9am-9.30am
12 McMillan Street South Murwillumbah 10-10.30am
1 Maria Court, Condong 11-11.30am
115 Riveroak Drive Murwillumbah 12-12.30pm
2/13 Silky Oak Court Murwillumbah 12.45pm- 1.15pm
at $3.16 million and they were wanting it in line with the actual site value on a development site basis given the size.
Land at Marine Parade, Kingscliff, zoned R3 (townhouses and villas but not units) had the next biggest rise in values, with a 850.9-square-metre block increasing 80 per cent from $1,900,000 to $3,420,000.
While still strong, most residential value increases tapered off heading inland.
Rural overview
Tweed Shire experienced a big increase in rural land values with larger rural holdings in both coastal and hinterland locations and productive river flat country leading the trend.
The highest rise recorded was at Tunnel Road, Stokers Siding (74.5 per cent over the financial year to July 2022) with 40 hectare properties jumping from $980,000 to an incredible $1,710,000.
Eviron Road at Duranbah was the next highest with a 70 per cent rise over the year.
Tim Cunningham said he has already seen a number of
First National Real Estate Murwillumbah
12 Golden Links Drive Murwillumbah, 11-11.30am
257 Dulguigan Road, Dulguigan, 9-9:30am
11 Bagoo Ave, Murwillumbah, 9-9:30am
9 Mooball Street, Murwillumbah, 9-9:30am
2/21 McPherson Court, Murwillumbah, 9:45-10:15am
141 Glenock Road, Dum Dum, 10-10:30am
4 Ted Brown Close, Kunghur, 10-10:30am 261 Tunnell Rd, Stokers Siding, 10-10:30am 109 Bonnydoon Road, Uki, 10:45-11:15am
12 Golden Links Drive, Murwillumbah, 11-11:30am 150 Midginbil Road, Midginbil, 11-11:30am
4 Smiths Creek Rd, Uki, 11:30-12pm
2043 Kyogle Road, Terragon 12:30-1:15pm
434 Hopkins Creek Road, Hopkins Creek, 2-2:30pm
Schmith Estate Agents
1/7 Advocate Place, Banora Point 9.30-10am 65 Cominan Avenue, Banora Point 10.30-11am 27 Margaret Street, Tweed Heads 12-12.30pm 81 Henry Lawson Drive, Terranora 12-12.30pm
properties in the Byron area on the market or sold for less than the new 2022 land value.
“I would suggest if you own a property in NSW, this year would be a good year to check your new land value to make sure it is not excessively above what the actual value of land is, given we are now seeing a softening in market conditions and value levels,” he said.
“This could help reduce your local rates and any land tax payable.”
He said they have been doing a lot of property settlement/family law valuations.
“I’m not sure if this is a cyclical thing or a result of the increased financial stress that may be caused today by the increase in interest rates and the cost of
living,” Tim said.
“Quite a lot of people are opting for a tree change and moving to regional areas like Tenterfield, Stanthorpe, Warwick etc from the Gold Coast, Tweed, Byron and Brisbane where you can buy a lot more for less and live a ‘simpler’ life.”
Tim said many people are getting valuations for refinancing as interest rates rise as they come out of low fixed interest rates, which he says makes financial sense.
“The main trend I am seeing is that properties are now taking longer to sell when compared with interstate migration slowing from peak COVID times.”
To find the land value of your suburb go to valuergeneral.nsw.gov.au
93 Bienvenue Drive, Currumbin Waters 12.30-1pm
DJ Stringer
8/13 South Street, Kirra `$1,100,000’ 9-9:30am QLD Time 11/206 Pacific Pde, Bilinga ‘Interest Over $1,200,000’ 1010:30am QLD Time 1102/14-22 Stuart St, Tweed Heads ‘Price Guide $780K-$790K’ 10:30-11:00am NSW Time 26/6-8 Thomson St, Tweed Heads ‘Price Guide $795K-$850K’ 11:30-12pm NSW Time 2B/3-9 Eden St, Tweed Heads ‘Buyer Range $775K-$845K’ 1212:30pm NSW Time 1603/22 Kirkwood Rd, Tweed Heads South ‘Price Guide $1.295M-$1.350M’ 1-1:30pm NSW Time
MANA Real Estate
4 Eloura Court, Ocean Shores 9.30am-10am
1/3 Halyard Court, Ocean Shores 10am-10.30am
9 Galleon Lane, Brunswick Heads 11am-11.30am
9 Gaggin Street, New Brighton 12pm-12.30pm
5 Phillip Street, South Golden Beach 1pm-1.30pm
do you want to be in 2023?
manare.au Where
your property is
89270
Scan to find out what
worth.
02 5602 2950 elderstweedvalley.com.au Tweed Valley & Coolangatta Real Estate Tweed Valley & Coolangatta 89221 Amy Rosser 0409 641 193 12 McMillan Street, South Murwillumbah 312 Open home every Saturday until Auction 10am -10:30am Key Features Include: • Open plan kitchen, dining and living with space for home office • Air conditioning to the living space • Large bathroom with separate shower and spa tub • Remote single garage with side carport suitable for caravan, boat or trailer • Additional storage under home • Large 778m2 tiered block • Land Rates - $2740.40 per annum • Gorgeous street appeal with established gardens • Views, position and character Auction 25th February 2023 Held onsite at 2.00pm Proudly presented by Amy Rosser. For further enquiries phone 0409 641 193
Price $649,000 NEAT AS A PIN - FRONT DUPLEX Posi�oned in sought a�er ‘Seagulls Island’ this impressive front duplex is a must inspect Features: • Single level brick & �le duplex offering spacious living & dining • Modern kitchen with good cupboard & bench space, electric oven • Two generous bedrooms both with built-in and fans with a sunny outlook Price $469.000 CENTRAL TWEED HEADS TOWNHOUSE Perfect first home or investment opportunity, set back off the street Features: • Open plan living room • Split level to dining room & kitchen • Lock-up garage plus rear courtyard with drying area Price $580.000 BEAUTIFULLY PRESENTED TOWNHOUSE Posi�oned in a well presented complex, convenient to all Banora Point facili�es. Features: • North facing, light filled living room, �mber look flooring throughout the downstairs living & kitchen • Updated kitchen with good cupboard & bench space, all electric • Complex offers inground pool Price $879,000 GREAT LOCATION - STUNNING VIEWS This elevated home offering a grandstand posi�on taking full advantage of the Ocean & coastal views back to Coolanga�a & Tweed Heads. Features: • High cathedral ceilings provide beau�ful light filled spaces • Galley style kitchen with quality appliances and generous cupboard & bench space • Cosy living room with wood fire - perfect for cooler winter nights 07 5599 2000 www.TCRE.net.au 53 Wharf St, Tweed Heads NSW 2485 Thinking Real Estate. Think TCR. TWEED COOLANGATTA REAL ESTATE Michael Smith 0413 454 350 michael.smith@tcre.net.au Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au Price Guide $850.000 - $895.000 Price $850.000 LOCATION - LOCATION - NORTH FACING First floor posi�on, located within easy walking distance to Tweed City Shopping Centre, the ideal investment or suit the owner occupier. Features: • Modern kitchen with ample cupboard & generous bench tops • Light filled air condi�oned, spacious lounge/dining with access to sunny balcony • Quiet leafy outlook over reserve IT’S ORIGINAL - STAMP YOUR OWN STYLE Original owners from new, this brick & �le home is a blank canvas for the renovator Features: • North facing, Large flat level block • Very large air condi�oned lounge • Updated kitchen with ample cupboard & bench space 50 Honeymyrtle Drive, Banora Point 23 Blundell Boulevard, Tweed Heads South 322 312 89262 Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au 34 Myeerimba Parade, Tweed Heads West 321 Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au 16/3-19 Amaroo Drive, Banora Point 211 Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au 4/117 Wharf Street, Tweed Heads 211 Michael Smith 0413 454 350 michael.smith@tcre.net.au 1/44 Sunset Boulevard, Tweed Heads West 211 Openhome 10:-10:30amNSW Openhome 11:-11:30amNSW Openhome 12:-12:30amNSW OPEN HOME Sat 28/1 11:00-11:30am NSW OPEN HOME Sat 28/1 12:00-12:30pm NSW OPEN HOME Sat 28/1 10:00-10:30am NSW
anne.besgrove@fnmurwillumbah.com.au helen.flynn@fnmurwillumbah.com.au Are you thinking of selling? Please phone Helen Flynn 0435 810 254 MURWILLUMBAH $695,000-$745,000 9 Mooball St MURWILLUMBAH AUCTION ON 12 Golden Links Dr SITE 11AM 4/2/23 KUNGHUR $785,000-$835,000 4 Ted Brown Cl MURWILLUMBAH $799,000 114 Byangum Road, TERRAGON $935,000 2043 Kyogle Rd BANORA POINT $835,000 5 Kintyre Crescent, STOKERS SIDING $1,450,000-$1,550,000 261 Tunnel Rd TYALGUM $978,000 1636 Tyalgum Road EVIRON $475,000 8400 Tweed Valley Way, SMITHS CREEK $1,090,000 4 Smiths Creek Rd MURWILLUMBAH $920,000-$970,000 11 Bagoo Ave MURWILLUMBAH $1.2M 31 Eyles Ave 2 1 2 4 1 2 4 2 2 4 2 2 3 1 4 2 5 4 1 2 1 2 3 1 1 3 2 2 4 3 2 3 1 1 Anne Besgrove 0402 608 503 Helen Flynn 0435 810 254 Helen Flynn 0435 810 254 Anne Besgrove 0402 608 503 Anne Besgrove 0402 608 503 Helen Flynn 0435 810 254 Helen Flynn 0435 810 254 Helen Flynn 0435 810 254 Anne Besgrove 0402 608 503 Anne Besgrove 0402 608 503 Helen Flynn 0435 810 254 Anne Besgrove 0402 608 503 OPENHOUSE 11-11.30AMSAT List with the agency that gives back to the community. Call Anne Besgrove 0402 608 503. 89225
JUSTIN SCHMITH | 0422 051 505 | justin@schmith.com.au | schmith.com.au Commanding an immediate sense of space, a revelation of quality, style and entertainment excellence unfolds from the moment you enter the property via the secure front gate. Impressive in size and features, nothing has been overlooked in creating this summer masterpiece with versatile indoor/outdoor living options that captures sweeping 180' hinterland, ocean, and Surfers Paradise skyline views within ten minutes' drive to shopping and famous beaches. Auction (if not sold prior) - On Site Saturday 4th February 2023 at 1pm NSW time. RESORT ENTERTAINER COMPLETE WITH VIEWS, POOL & BAR 6 3 2 27 MARGARET STREET, TWEED HEADS Distinctively sophisticated with a laid-back Palm Springs style feel, this exquisite, luxury residence offers a divine showcase of coastal character and contemporary design. This quality, single level new build offers significant architectural features highlighted by light-filled interiors that inspire a relaxed beachside lifestyle. Introduced by the warmth of timber floors and offering a seamless flow throughout, a calming palette with an open plan living and dining space featuring exposed truss ceilings. The effortless connection with the outdoors, featuring a sparkling magnesium pool and private alfresco provides all year-round entertaining and living without compromise. "LA CASA BIANCA" - A SANCTUARY OF STYLE AND DESIGN $1,995,000 65 COMINAN AVENUE, BANORA POINT AUCTION (if not sold prior) On Site Saturday 4 February 3 2.5 2 89214
11/206 Pacific Street Bilinga 8/13 South Street Kirra Truly unwind and enjoy an idyllic 'beachy' lifestyle, from your very own (3) bedroom fully furnished apartment commanding superb ocean views from the lights of Surfers Paradise to the peeling surf breaks of Snapper Rocks. KEY FEATURES: • Spacious open plan living • Kitchen w/ access to rear stairwell • Generous master bedroom w/ built in robe & ocean views • Large 2nd & 3rd bedrooms w/ built in robes • Main bathroom w/ separate bath • Ceiling Fans throughout • Generous undercover car park • Lockable under stair storage cupboard • Property is being offered Fully Furnished Nestled in a quiet beachside cul-de-sac and protected by native flora from the main esplanade, you will arrive home from a day at the beach to enjoy this well-appointed North facing (3) bedroom furnished apartment. Your top (3rd level) walk-up style residence, within Ashbrooke Court, is just one of (9) only and is anchored on a well maintained 1072m2 allotment. KEY FEATURES: • Open plan tiled living • Generous partly covered sunny terrace style balcony, commanding an ocean vista • Social kitchen w/ granite benches & dishwasher • Large master bedroom w/ ensuite • Main bathroom w/ bath, separate laundry & toilet • 2 side by side secure car spaces, plus storage • Being offered furnished Interest Over $1,200,000 Open Saturday 28th 10:00 - 10:30am (QLD TIME) David Stringer 0418 150 731 david@djstringer.com.au For Sale $1,100,000 Open Saturday 28th 9:00 - 9:30am (QLD TIME) David Stringer 0418 150 731 david@djstringer.com.au car car 311 322 bath bath bed bed (07) 5599 5222 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au the home of real estate BOUTIQUE BEACHSIDE LIVING - with an ocean vista' LONGBEACH - enviable beach front living Scan the QR code to find out more about this property Scan the QR code to find out more about this property 89268
89268 (07) 5599 5222 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au the home of real estate 1603 'Pinehurst' 22 Kirkwood Drive Tweed Heads South 2B 3-9 Eden Street Tweed Heads Experience over 300 degrees of magnificent panoramic scenery from this beautifully modernised 187m2 (3) bedroom apartment, perched high on the 16th level of this iconic establishment, surrounded by acres of manicured gardens and the lush fairways of the Coolangatta/Tweed Golf course. KEY FEATURES: • Ducted cooling system • Spacious open plan tiled living • Wrap around balcony • Hostess kitchen w/ Delonghi appliances & 2-pac cabinetry • Master suite w/ walk through robe, ensuite & access to Juliette balcony • Bedroom 2&3 w/ built-in mirror robes • Stylish main bathroom w/ floor to ceiling tiles & separate bath • Retractable fly screens • 2 side by side car spaces (potential room for your own golf cart with direct access out to the course) • Storage cage • Communal workshop for those that like to tinker • Pet friendly Apartment 2B Yacht Harbour Towers commands a
position on the ground level offering a second access with terrace as well,
Immerse yourself in this idyllic destination & enjoy superb views from your bedrooms overlooking the Jack Evans Boat Harbour, Tweed Seaway and the Pacific Ocean. FEATURES: • Large sunny front terrace with separate entry • Expansive open plan living w/ access to ground floor paved terrace • Light filled Kitchen • Spacious air-conditioned master bedroom w/walk in robe & ensuite • 2nd Bedroom w/ mirror built in robes & access to rear balcony • Juliette balcony off both bedrooms with brilliant water views over the Harbour • Internal laundry • Secure basement parking for one car and storage cupboard • Lift access • Inground pool & spa • Off street visitor parking car car pool P 322 221 bath bath bed bed Price Guide $1.295m - $1.350m Open Saturday 28th 1:00 - 1:30pm (NSW time) David Stringer 0418 150 731 david@djstringer.com.au Price Guide $795k - $845k Open Saturday 28th 12:00 - 12:30pm (NSW time) David Stringer 0418 150 731 david@djstringer.com.au Scan the QR code to find out more about this property Scan the QR code to find out more about this property PINEHURST - a golfers paradise' YACHT HARBOUR TOWERS 89268
hilltop
flowing right through to the harbour-side balcony.
CURRENTL Y UNDE R MANAGEMENT $900 per week 5C hisholmCourt, Terr an ora $1,050 per week 15 I lla wong Cres cent, Terr an ora $750 per week 39 Br oa dw ater Es p, Bila mb il Heights $950 per week 28BBushlan dD rive, Bano ra Po in t FOR LEASE T.0755130300 2/34 Oyster Point Rd, Banora Point NSW 2486 TATEBROWNLEE. COM.AU Kristen Merrion 0413 290 966 kristen@tbre.team Sally Smith 0419 102 446 sally@tbre.team 4212251 21131 3 89227