Real Estate FROM COAST TO COUNTRY
An “electric” spring selling season with stock short
THERE HAS been plenty of action this spring selling season, with some international buyers purchasing properties sight unseen and a lack of stock keeping prices high. Northern Rivers Property Group cofounders Adrianna Jenkins and Paul Stobbie said the spring season has gone well. “There’s definitely more buyers in the market now compared to last spring and we are seeing more properties getting multiple offers compared to this time last year,” they said. “Of the last 25 offers we have received, 14 were interstate or international and 11 were locals. “We have even had buyers from Spain, Hong Kong and England recently who we have assisted with the sale almost entirely virtually and through video calls and video inspections. “There are quite a few clients selling their investment properties, obviously the multiple interest rate rises are a lot to carry, but anyone who purchased before 2019 is still getting fantastic prices and doing well out of their investments.” Adrianna and Paul said there is about half the stock compared to what they see traditionally. “So if the marketing is done well there’s no need for sellers to lower prices,” they said.
“As an agent, you should be able to encourage multiple offers in most cases. “There’s still a lot of buyers looking for houses in the CBD and units, duplexes and townhouses are sought after for first-home buyers. “There is always a natural lull over Christmas, but it’s really important to get your property ready now if you are thinking of selling in the New Year. “Take photos before Christmas, organise paperwork and then take advantage of the online marketing over the holidays when everyone is sitting on their phones with previews of what is coming in the new year.” Owner of DJ Stringer Property Services David Stringer said the spring selling this year has been “electric.” “We are experiencing over 52 per cent in growth, $30 million more than last year,” David said. “Buyers have mostly been sourced locally and from Brisbane, however, we have noticed an increase of enquiry from Canberra. “A large percentage of Melbourne and Sydney buyers have been investors looking to capitalise on an increasing Gold Coast market that is still booming with development.” David said quite a lot of sellers have been locals downsizing and staying local, and
Open Homes Saturday, December 9
Tweed Head West units like this one at 16/182-184 Kennedy Drive for sale with DJ Stringer are in demand with first-home buyers investors either reducing debt or upgrading their investment portfolios. “Stock is still relatively limited and buyers are still out in their numbers,” David said. “Prices should reflect what is on offer and remain subject to buyer feedback. Generally speaking, properties should usually sell within 30 to 60 days. “There is strong demand for coastal areas as usual, as well as the more affordable areas such as Tweed Heads West that offers first-home owners and investors a chance to enter the market. “Rural acreage property around the Northern Rivers and Tweed regions have
• 108 Darlington Drive, Banora Point 1-1:30pm • 118 Darlington Drive, Banora Point 1:30-2pm • 2/30 Honeymyrtle Drive, Banora Point 4-4:30pm
DJ Stringer Property Services • 16/182-184 Kennedy Drive, Tweed Heads West
Tate Brownlee Real Estate
10-10:30am NSW Time
• 39 Glen Ayr Drive, Banora Point 9-9:30am
• 1/15 Boyd Street, Tweed Heads 11-11:30pm NSW time
• 1/1 Grassmere Court, Banora Point 9-9:30am
• 4/162 Marine Parade, Rainbow Bay 11-11:30am
• 23 Irving Street, Tumbulgum 10-10:30am • 36/24 Seaview Road, Banora Point 10-10:30am
been extremely popular, enticing both interstate buyers and families looking for more space to enjoy the great outdoors.” David said he thinks summer will be good as well, especially for those operating on both sides of the border. “The main issue is not having enough stock to accommodate a surge in buyer activity, especially coming off a blossoming spring selling season,” he said. “For sellers, now is the time to list their properties for sale, in relative isolation, thus taking full advantage of the upcoming peak period, which will ultimately yield a more fruitful sale price.”
JET Real Estate • 3 Rose Lane, South Murwillumbah 9:30-10:00am • 1/16 Joshua Street, Murwillumbah 9:30-10:00am • 40 Elouera Terrace, Bray Park 10:30-11:00am • 62 Riverview Street, Murwillumbah 11:30-12:00pm
Schmith Estate Agents • 19/18 Brett Street Tweed Heads 10-10.30am • 81A & 81B Henry Lawson Drive Terranora 10-10.30am
QLD time
First National Real Estate Murwillumbah
Gregg Dove Ray White Burleigh Group
• 1 Hillcrest Avenue, Tweed Heads South 12-12:30pm
• 20 Mount Burrell Road, Mount Burrell 10-10:45am
•2 /88 Companion Way, Tweed Heads 11-11.45am
• 1 Franklin Street, Banora Point 12-12:30pm
• 113A Tweed Valley Way, Sth Murwillumbah 10-10:30am
• 9 Sand Street, Kingscliff 11-11:30am
NSW time
Our Community Comes First We all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients and potential buyers and personally communicate all the way through the sales process. After all, we’re going to be neighbours.
02 6672 2499 jetrealestate.com.au SELLING . BUYING . PROPERTY MANAGEMENT
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THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
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By Jo Kennett