The Weekly Real Estate from Coast to Country, July 20, 2023

Units are becoming hot property

By Jo Kennett

UNIT OWNERS in Murwillumbah

have been on a winner over the last year, with the highest price rises but still the most affordable in the shire, following the general trend of unit prices increasing or holding steady while house prices were generally slightly down.

Kingscliff was the real outlier, with house prices rising again and unit prices dropping.

The latest data from PropTrack shows that while property prices are steadying, they are still eyewateringly high for the average punter dreaming of owning their own piece of paradise.

That’s especially true for houses which is why so many first-home buyers are looking for well priced units and they are still out there.

Pottsville

According to data from PropTrack the median house price in Pottsville is $1,175,000, down 8.9 per cent in the last 12 months but on the rise from the May data, where the average was $1.15 million.

The median price for a threebedroom unit is $895,000 down

0.1 per cent over the last year.

Last month Pottsville had 23 properties available for rent and 65 properties for sale.

Pottsville houses rent out for a median of $850 per week and units rent for $610.

Bogangar

Median property prices over the last year range from $1,377,500 for houses, down 6 per cent over the past year, with units holding fairly steady at $800,000.

Houses in Bogangar rent out for $850 per week and units rent for $695 per week.

Last month Bogangar had 23 properties available for rent and 22 properties for sale.

Casuarina

Last month Casuarina had 26 properties for rent and 37 properties for sale.

Median property prices over the last year range from $1,990,000 for houses, down 10.8 per cent from the $2.2 million-plus highs of a year ago.

Units keep going up in Casuarina (5.1 per cent) to a median over the past year of $959,250.

Casuarina houses rent for

Open Homes

$1,250 per week and units rent for $692 per week.

Kingscliff

Last month Kingscliff had 86 properties available for rent and 82 properties for sale. Median property prices over the last year range from $1,925,000 for houses, up 3.7 per cent, to $817,500 for units, defying the trend and down 5.9 per cent. Kingscliff houses rent out for $1,000 per week and units rent for $700 per week.

Tweed Heads

Median property prices over the last year range from $1,095,000 for houses, down 2.8 per cent over the past 12 months, and $680,000 for units with no change over the year.

Houses in Tweed Heads rent out for $770 per week and units rent for $590 per week.

Last month Tweed Heads had 49 properties available for rent and 60 properties for sale.

Murwillumbah

Last month Murwillumbah had 28 properties available for rent and 71 properties for sale. Murbah still has some of the best value homes in the shire, with

median property prices over the last year ranging from $779,000 for houses (down 5.6 per cent) to $582,500 for units, up a whopping 18.9 per cent.

Murwillumbah homes rent out for $610 per week and units rent for $400 per week.

If you look at the overall figures for the last few years, owners in the shire are on a winner

but first-home owners still have a window of opportunity with units, particularly in places like Murwillumbah.

There are also some real cheapies at Bilambil Heights, making what sometimes seems like an impossible dream of owning your own home in the beautiful Tweed Shire, actually achievable.

This two-bedroom Bilambil Heights unit is for sale with Tate Brownlee for $395,000 to $434,000

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A new lease of life for Tweed Coast holidays

THERE IS an exciting new team of women on the Tweed Coast who are working to take the holiday side of local real estate to the next level, for both guests and investors. The LJ Hooker Kingscliff Holiday Letting Team is made up of three proud young businesswomen with a combination of experience and youth for a fresh take on the holiday systems at LJ Hooker Kingscliff.

Holiday Manager Jessica Edwards manages a large portfolio of properties along the Tweed Coast from Pottsville to Kingscliff and is loving being in charge of the team.

She is known in the company for her excellent communication skills and friendly personality which the team says has helped build strong relationships with both longstanding and new owners.

“We are constantly looking at ways to improve and stand out in the current market,” Jessica said.

“Our marketing efforts are designed to draw holiday guests to the area to support our local business and to celebrate the beauty of our region, especially during these difficult times.

“The principal of LJ Hooker Kingscliff Paul McMahon has always valued giving people a go and we are following this on by nurturing the next generation through traineeships who work under the guidance of the Holiday department.

“We are proud innovators and want to maintain market leadership in the area- our office being the original holiday letting agency on the Tweed, with over 35 years experience.”

While the team say the current holiday market is challenging and constantly changing, they are working well together to overcome the post-pandemic decline and cost of living pressures that they have seen strain the market.

“We are connected to multiple channels including Airbnb, Booking.com, Expedia, VRBO/Stayz/Homeaway, and new partnerships connecting us to Marriott Hotels loyalty members and also to all major travel agencies around Australia and New Zealand too,” Jessica said.

“We have very strong repeat and direct business with these guests comprising over one third of our total guests consistently.

“We have a wide range of properties to suit every guest, from economical units to luxury homes.

“Our special properties have extravagant amenities such as waterfront infinity pools, fireplaces, beachfront views, rooftop spas, elevators, private pontoon and chef’s kitchen. We service Kingscliff/Fingal to Pottsville, as our prime area.”

Holiday Consultant Kasey Robertson recently joined the holiday management team at LJ Hooker Kingscliff.

With a lot of hard work and continuous skill development, Kasey has progressed rapidly in her real estate career and says she loves being part of the team.

“I love helping our clients have the best experience and being part of an all-female team,” she said.

“It’s exciting and rewarding and we are all working to be the best in the business.”

Holiday Consultant Katie Love has been with LJ Hooker Kingscliff since 2013, and after starting out in reception and then working in property management, Katie reckons she has

found her calling.

“I love making holidays special for guests while helping owners maximise their holiday investments,” she said.

“We are proud of our very tight knit, all-female team and what we are achieving.”

Katie said the team had their biggest year ever after lockdowns ended and people flocked to the beautiful Tweed Coast to treat themselves to a holiday domestically.

“We are seeing us get back to the new normal now which is closer to rates we saw in 2019, but as we all know fluctuations are part of the property market,” she said.

“We are confident that holiday letting will continue to be a strength for the area and we will continue to advocate for tourism in the Tweed Coast, supporting the holiday industry as the number one industry in the Tweed Coast Economy.

“Our team has put a lot of time and effort into improving our services as much as possible for our valued long standing clients and prospective clients alike, which is essential in such a constantly moving and changing industry such as holiday rentals.

“This year we have implemented a new relationship with social media marketing experts and we plan to expand into some signboard and billboard advertising later in the year.”

The team said that reviews are a key component of guest confidence to book and the ladies are proud to advise that their review rates have tripled in 2023 with new strategies put in place.

“Our team is excited to attend the Australian Short Term Rental Association conference in Sydney in October and bring more knowledge and ideas back to our portfolio,” they said.

When you know it's the most

COUNTRY GRANDEUR - step back in time'

36 McLeod Street Condong

From the moment you arrive, you will be taken by the sheer presence of this original high set (3) bedroom Queenslander' residence, exuding character & identity, which is surrounded by 2409m2 of private parklands.

10

KEY FEATURES:

• Polished timber flooring throughout

• Original features, including high ceilings, bay windows, French doors, decorative cornices & stunning timber door frames

• Combustion fireplace

• Front & side covered verandas

• Rear deck

• Under home parking & substantial storage

• Extensive gardens w/ mature trees

CHARMING COUNTRY RETREAT - ILLALANGI'

Land Size 2409m2

For Sale

Buyer Range $695k - $745k

Open Saturday 22nd 9:00 -10:00am

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david@djstringer.com.au

Old Ferry Road Banora Point

Welcome to ILLALANGI an exquisite elevated low set residence providing a harmonious fusion of timeless country charm and contemporary luxury. Originally built in 1975, this remarkable residence as well its detached guest house, has undergone meticulous transformation, seamlessly blending the essence of its heritage with the conveniences and aesthetics of today's era.

KEY FEATURES:

• Private front entrance w/ quality decking and landscaped gardens

• New blackbutt natural finish timber flooring throughout

• Full length deck overlooking the Terranora inlet and Tweed Rivers

• Galley kitchen w/ Smeg 900m oven, 5 burner gas cooktop, servery window overlooking picturesque river views

• Cocktail bar w/ wine fridge

• Dining room overlooking the river w/ french doors leading onto deck

• Formal living room w/ split system A/C and Coonara fire place

• Media/Family Room w/ access to rear deck via quality stacker sliding doors

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• Spacious Bedroom 2 and 3 w/ mirror built in robes

Land Size 1492m2

For Sale

Price Guide $1.95M - $2.1M

Open Saturday 22nd 11:15 -12:00pm

David Stringer 0418 150 731

david@djstringer.com.au

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