Real Estate Estate
Valley property boom shows no sign of slowing
By Jo Kennett
REAL ESTATE in the Tweed Valley has been on the march with many buyers either priced out of coastal properties and looking for a bargain or cashing in on high prices near the beach and escaping the crowds to go west.
Murwillumbah was cheap as chips for years, which is strange since it’s so picturesque with the river, the mountain, the cane fields and the old mill still crushing all that sugar cane.
Suddenly people cottoned on to the fact that there were bargains aplenty and prices have since risen
quite a lot.
Pre-Covid the median house price in Murwillumbah was $500,000, which jumped to $830,000 by early 2022. It’s now settled back down to $800,000 for houses but is up 1.8 per cent over the last year.
Units went from $133,000 (geez what were we thinking people, we should have been jumping on these bargains) to $625,000 earlier this year. They have now settled to $600,00 which is a 3 per cent compound growth rate over the past 12 months.
Last month Murwillumbah had 15 properties available for rent and 35 properties for sale, with 25 up for
Open Homes
Saturday, July 20
Tweed Coolangatta Real Estate
• 3 Terrace Street, Chinderah 11-11:30am
• 3/100 Dry Dock, Tweed Heads South 11-11:30am
• 4/1 Limosa Road Tweed Heads West 12-12:30pm
DJ Stringer Property Services
• 2/3-5 Barrett Street, Tweed Heads West 9:00 -9:30am
• 51/7 Island Drive, Tweed Heads 10:00 -10:30am
• 20 Eliza Fraser Court, Terranora 10:00 -10:30am
grabs right now.
Murwillumbah houses rent out for $650 per week with an annual rental yield of 4.2 per cent and units rent for $420 with a rental yield of 4.2 per cent.
But it’s not all about Murbah is it.
Dotted around this rural centre are some very lovely villages including Uki, a haven for creative types with a friendly community and some very lovely, character-filled homes.
Last month Uki had three properties available for rent and seven properties for sale, but right now there are ten up for sale.
The median house price over the last year was $970,000, well above
Murwillumbah’s median which shows how popular this village is. Uki homes rent out for $680 per week, with an annual rental yield of 3.4 per cent.
Uki has seen an annual compound growth rate of 2.6 per cent for houses.
Tyalgum is tucked a little further away, but is also an artistic and picturesque little neck of the woods.
Last month Tyalgum had one property available for rent and eight properties for sale, right now there are 11 on the market. The median price over the last year is $860,000 for houses, up a big 23.3 per cent.
The median time on the market is
• 504/1 Lord Street, Coolangatta 11:00-11:30am
• 4/3 Island Drive, Tweed Heads 11:15-11:45am
• 9/4 Clancy Court, Tugun 12:00-12:30pm
Tate Brownlee
• 2/21 Beach Street, Kingscliff, 9 -9:30am
• 11 Fraser Drive, Tweed Heads South, 10-10:30am
• 16/291 Darlington Drive, Banora Point, 10 -10:30am
• 70 Honeymyrtle Dr, Banora Point, 11-11:30am
• 4 James Cook Drive, Banora Point, 11 -11:30am
• 518 Terranora Road, Terranora, 12 -12:30pm
• 14 Market Parade, Terranora, 12 -12:30pm
• 11 Trutes Terrace, Terranora, 1-1:30pm
• 45 Shamrock Avenue, Banora Point, 2- 2:30pm
McGrath
80 days, which was the same for Murwillumbah.
There are also eleven lovely homes available for sale at Tumbulgum, although there isn’t any sales data for the village.
The days of the absolute bargains in the valley may be long gone but it’s still more affordable than a lot of places in the shire and seriously beautiful. It’s not much use waiting for prices to go down either because that’s not likely to happen anytime soon and if interest rates do drop, it is only expected to send prices higher.
• 1/6 Tupia Avenue, Tweed Heads, 9.30- 10am
• 16/13-17 Beach Street, Kingscliff, 9.30- 10am
• 6/48 Main Road, Fingal Head, 10-10.30am
• 7 Spoonbill Lane, Kingscliff, 10- 10.30am
• 3/1 Pacific Street, Kingscliff, 10- 10.30am
• 187/1 Mariners Drive West, Tweed Heads, 10.3011am
• 27 Viking Street, Kingscliff, 11- 11.30am
• 17 Drift Court, Kingscliff, 11- 11.30am
• 255 Darlington Drive, Banora Point, 11.30- 12pm
• 1 Lambent Ave, Casuarina, 12- 1pm
• 5 Donegal Court, Banora Point, 12.30- 1pm
Schmith Estate Agents
• 18/14 Lorikeet Drive, Tweed Heads South, 10-10.30
17 Wollumbin Street, Tyalgum is for sale with Northern Rivers Property Group
239 Rowlands Creek Road, Uki is for sale with Elders Tweed Valley30 Larkins Road, Tyalgum is for sale with Ray White Murwillumbah
Guiding you home
Tweed Broadwater - Tweed Heads South
Banksia Waters - Tweed Heads West
Tweed Shores – Chinderah
The Palms Village - Tweed Heads South
Tweed Broadwater - Tweed Heads South
Tweed Shores - Chinderah
Tweed Broadwater - Tweed Heads South
Bilambil Creek Village - Bilambil
