The Weekly Real Estate from Coast to Country, June 13, 2024

Tweed Valley & TweedCoolangatta Valley

Nam Yeng Restaurant for Sale

2/7-9 Whar f Street,

This busy Vietnamese / Thai restaurant has been established for 15 years and the owners are looking to retire. With seating for 35-40 people internally and ample footpath dinning approx 50 people this restaurant can cater for great numbers. You could continue as a Vietnamese /

PriceGuide$1,395,000

Thai or revamp to an alternative cuisine. The business has a loyal following with excellent plant and equipment. The owners have priced to sell and we would encourage an inspection.

52 Malabar Avenue, Smiths Creek

Stunning Views - Large Family Home

This private, large family home is presented immaculately and features stunning views of Mt Warning and surrounds. Elevated with 4 bedrooms, 2 bathrooms and 2 sheds this home and property of fers ample opportunity to

the purchaser. The fully fenced property also has a fenced yard to cater for your pets. A huge verandah to entertain or just relax and enjoy the views, you’ll fall in love once enjoying this beautiful space.

Real Estate Estate

Prices and rents peak

By Jo Kennett

THERE HAS been a resurgence in property values across the country, with the Richmond-Tweed region recording the biggest increase in regional NSW in May, but rents have been rising even faster in a boon for investors.

According to the CoreLogic Home Value Index just out, property prices have risen for the 16th month straight, with many areas back to the peak pandemic prices of 2022.

The Tweed Valley had the second highest increase in property values in the last 12 months in regional NSW, with a median value of $965,102 — up 10.2 per cent — with the Tumut-Tumbarumba region seeing an increase of 13.3 per cent.

In May, the Richmond-Tweed region recorded the biggest increase in home values in regional NSW, up one per cent.

Growth in regional Australia’s dwelling values and rents continued to pick up pace over the past three months, rising 2.1 per cent in the three months to May, taking both to record highs.

It’s the fastest quarterly

growth rate in almost two years, outperforming capital city values which rose 1.7 per cent.

The median property value in the Gold Coast-Tweed area is now $964,234, a rise of 3.6 per cent over the past quarter, 12.7 per cent over the last year and 76.2 over the past five years.

The Gold Coast-Tweed region had the least affordable rents nationally at a median of $827.

That was up 2.9 per cent over the last quarter, 7.9 over the last year and a massive 51.9 per cent over the past five years.

Nationally, rents are up 8.5 per cent over the past 12 months, down from 8.9 per cent a year ago and a 9.3 per cent rise two years ago.

“Although rental growth has slowed, the easing trend has been gradual,” Core Logic’s Tim Lawless said.

“Over the five years prior to COVID the national rental index was rising at the average annual pace of just 1.3 per cent.

“In this context, and amid stretched rental affordability, an 8.5 per cent annual rise in rents is extreme.”

Open Homes

Saturday, June 15

Tate Brownlee

• 4/11 Lord Street, Coolangatta, 9 -9:30am

• 16/291 Darlington Drive, Banora Point, 1010:30am

• 679 Terranora Road, Terranora, 12 -12:30pm

• 12 Hillcrest Avenue, Tweed Heads South, 1-1:30pm

• 17 Shamara Road, Terranora, 1 -1:30pm

• 2 Campfire Court, Terranora, 2 -2:30pm JET

• 1 William St, Murwillumbah 11-11:30am

Mr Lawless says rents are starting to ease slightly due to a slowdown in net migration since early 2023, as well as rental affordability pressures forcing a change in rental patterns.

“Additionally, as the bulge of dwellings associated with the HomeBuilder scheme transitions to completion, logically we should see those homeowners moving out of rental accommodation into their newly-built homes,” he said.

Rents are now rising faster than home values with higher yields welcome considering interest rates.

Vendor discounting in the Gold Coast-Tweed region is down 3.4 per cent, which means sellers aren’t feeling the need to discount much.

Days on market at the moment are 25 on average compared to 29 this time last year.

Gross rental yield was up 4.3 per cent whereas a year ago it was up 4.5 per cent. All in all it’s still a red hot property market, great news for sellers and those renting out investment properties, but it’s a very competitive market for buyers and renters.

MANA

Hot property

DUAL LIVING doesn’t come any better than this week’s hot property at 2 Warrego Place, Terranora. Situated on a sprawling and beautifully landscaped 5,521 square metre block, the main residence, Lower Yatton, has four bedrooms and two bathrooms over 260 square metres. With a fireplace to gather around in the formal lounge area, an open plan dining and living area, as well as a bar in the family area, it’s the perfect place to make lifelong memories.

charger pack connected to solar roof panels.

Upper Yatton, the second home, is a lovely three-bedroom, twobathroom residence with a master bedroom ensuite. It has an openplan living and dining area, and two-car accommodation under a shade sail, making it perfect for family or rental income.

There is a lovely covered alfresco terrace, perfect for dining and entertaining, and a tiled in-ground pool and spa, looking out over the lush grounds.

This home has a separate double car garage, with a Tesla battery

• 237 Tweed Valley Way, South Murwillumbah. 9-9.30am

• 5 Kiah Close, Ocean Shores. 9-9.30am

• 2/5 Canowindra Court, South Golden Beach. 10-10.30am

• 119 Commercial Road, Murwillumbah. 1010.30am

• 28 Philip Street, South Golden Beach. 1111.30am

• 6 Central Park Lane, Casuarina. 11.30-12pm

• 9 Gloria Street, South Golden Beach. 1212.30pm

• 39A Granuaille Road, Bangalow. 1.30-2pm DJ Stringer Property Services

• 3/38 Dry Dock Rd, Tweed Heads 9-9:30am

• 11/3-5 Barrett St, Tweed Heads West 10-

It’s all just a few minutes from Terranora Public School, with Lindisfarne Anglican Grammar School and The Pavilions Marketplace a short drive away. This beautiful property is going to auction on June 21 with Brent Hodge at Real Specialists. There are inspections this Saturday, June 15, from 10am to 10.30am and the following Wednesday, June 19, 5pm to 5.30pm.

10:30am

• 20 Eliza Fraser Court, Terranora 11-11:30am

• 4/3 Island Drive, Tweed Heads 12-12:30pm

• 3/87 Golden Four Dr, Bilinga 1-1:30pm

• 30 Pacific Drive, Banora Point 2-2:30pm Real Group

• 2 Warrego Place, Terranora 10-10.30am

• 21/3 Cedarwood Court, Casuarina 1010.30am

• 5/5 William Street, Tweed Heads South - 1111.30am

• 88 Jacaranda Ave, Tweed Heads West - 11 -11.30am

• 14 Altitude Drive, Terranora - 12-12.30pm

• 12/3 Endeavour Parade, Tweed Heads 1212.30pm

Just Sold By Wendy Rosenbaum

Wendy Rosenbaum

•

The soul of Kingscliff

This rare land opportunity positioned in a booming growth corridor is already approved for an exciting development.

• Mixed use development approved, consisting of ground floor retail/office and 7 x 2 bedroom apartments

• DA for 7 residential apartments, 4 offices, 2 shops with 25 car parks

• Approved staged development

• 2305m2 corner block of land with multi access points

• Located within the bustling Seabreeze Estate

• Excellent access to local sports grounds, community facilities and positioned strategically

• Within 5 kilometres of the Pacific Motorway and close proximity to the beach

• Ample on site parking with current approval

FRIDAY 21ST JUNE AT 10.00AM ON SITE

'Turnkey home, offering zero risk'

Extensive Estate Accommodating Dual Residency 2 Warrego Place, Terranora

In a highly popular neighbourhood, a home under construction is set to be completed by June 2024, offering a practical yet comfortable full dual-living space.

'Villa Duo' is an indoor-outdoor design that prioritises simplicity and functionality. It offers scenic views, natural breezeways, and complete dual-living capabilities. $123,123

brent.hodge@realspecialists.co m

1 https://www.facebook.com/BrentHodgeRS/ https://www.instagram.com/brenthodgers/ 2

brent.hodge@realspecialists.com www.facebook.com/BrentHodgers www.instagram.com/brenthodgers 7 4 4 1

Situated on a 5,521m2 block, this outstanding property offers two distinct residences. ‘Lower Yatton’, the primary residence, features four bedrooms, spacious living areas, and outdoor amenities such as a pool and spa. ‘Upper Yatton’, the secondary residence, offers three bedrooms and an open-plan living space. Conveniently located near schools and amenities, this property provides both a comfortable family home and a lucrative investment opportunity. Open for Inspections Wednesday 5.00 - 5.30pm Saturday 10.00 - 10.30am Brent Hodge 0459 391 022

If you have a vacant property, one that is under performing or you simply require a greater return and a more personalised service, then experience the difference with DJ Stringer Property Management.

To find out why more landlords prefer to place their trust in our services and to arrange a complimentary market appraisal, please contact our investment advisor

Terri Whitney 0491 644 897 terri@djstringer.com.au in the strictest confidence today.

GIANETTA TAMMY KIM