Winter sales strong but good signs for buyers
By Jo Kennett
THE LATEST data shows regional market growth has slowed with values up just 1.3 per cent in the last three months, and while the Gold CoastTweed region is bucking the trend, local agents say we are moving into a buyers’ market.
Here values are up 3.1 per cent over the quarter to July with a median value of $1,007,029, up 12.7 per cent over the year and 81.5 per cent over the last five years. Local agents are confirming that, with strong sales over winter and little sign of things slowing.
DJ Stringer
Principal at DJ Stringer Property Services, David Stringer, said winter sales have been very strong, “especially along the beachside areas which haven’t shown any signs of slowing down.”
“The demand for homes around Banora and Tweed Heads under $1 million have also been very strong, with a slight downturn in demand for properties over $1 million,” David said.
“First homeowners are back out in force and snapping up anything from $500,000 to $800,000, as are investors.
“During the winter months we also saw a surge of prospective buyers especially from Sydney and Melbourne looking for their future retirement and home in the sun.”
David says units under $750,000 are hot property in most areas, as are homes and duplex units under $1 million.
“Beachside properties up to $2 million are also hotly contested and
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• 1/34 Beryl St, Tweed Heads 9:30-10am
• 33 Farrants Rd, Nunderi 9:30-10am
• 133 River St, South Murwillumbah 10:30-11am
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Schmith Estate Agents
• 1 Karawatha Drive, Currumbin Waters 9:30-10am
• 35 Albatross Circuit, Tweed Heads West 11-11:30am
• 159 Bilambil Road, Bilambil 12-12:30pm
• 228 Broken Head Road, Suffolk Park 1-1:30pm
rural properties that offer one to ten acres of manageable land away from the hustle and bustle are in demand,” he said.
“Coastal property is definitely the top choice, however affordability rules out most buyers, hence why the fringe areas within say five to ten minutes from the beach have become so popular and are increasing the median values.
“Given the number of valuations we are currently undertaking, we feel the market is showing signs of turning to a buyers’ market, as many property
DJ Stringer Property Services
owners are looking to cash in whilst the market is strong.
“This will provide more options for purchasers and less competition in a fierce marketplace.”
Justin Schmith
Principal at Schmith Estate Agents
Justin Schmith said despite it being winter there is “never enough stock.”
“The days on market are slightly increasing, mainly for acreage and rural which is most noticeable,” Justin said.
“There are still Sydney buyers
• 1/29 Albatross Circuit, Tweed Heads West 9-9:30am
• 2/87 Golden Four Dr, Bilinga 10-10:30am
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• 146 Riverside Dr, Tumbulgum 11:15-12:00pm McGrath
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• 10 Durigan Place, Banora Point 10-10.30am
• 8/40-48 Kamala Crescent, Casuarina 12-12.30pm
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• 7 Spoonbill Lane, Kingscliff 10-10.30am
• 17/20-22 Thomson Street, Tweed Heads 11.30-12pm
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looking though it’s mainly Melbourne buyers who are strong, but we are dealing with all sorts of buyers.
“Developers have been very strong snapping up some off-market deals in Cabarita for insane prices.
“Downsizers are also still prevailing with lots of cash, pushing values up for low-maintenance duplexes, houses and units.
“Units and suburban stock are most in demand, while rural property demand has really slowed down.
“The coast with ocean views is most in demand with downsizers ruling the day.”
Justin is predicting a lot of stock to come on in spring.
“That could potentially upset the supply and demand balance but at present we are still selling all stocks for good prices (with rural properties more days on the market).”
So it seems there may be more opportunities for buyers in what has been a sellers’ market for some time now, good news for everyone looking to get a home of their own in the lovely Tweed Shire.
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Welcome to the spring selling season.
If you’re thinking of making a move, call me for your property and interior consult (we use all your own furniture to style your home to sell).
Let my passion for making homes beautiful guide you on how to get the best result for your home.
Call me to book your appointment for a market assessment and presentation consult. Free advice, any time.
Belinda Franks 0409 152200
Thomson Street, Tweed Heads
Facing with Sea Breezes
Enid Street, Tweed Heads Modern apartment living
