The Weekly Real Estate from Coast to Country, March 28, 2024

Real Estate Estate

City buyers still keen on Tweed

By Jo Kennett

CITY BUYERS are still strongly represented in the local market, as are downsizers, with many first-time buyers also entering the market, but some agents are seeing a slowing of interest in higher maintenance rural properties.

DJ Stringer Property Services principal David Stringer said that the inquiries he is seeing at the moment are “largely local buyers upsizing and downsizing, as well as many first-home buyers entering the market.”

“In addition, there is still quite a large influx of buyers from Sydney and Melbourne with a large percentage looking at retiring and seizing lifestyle options,” David said.

“Investors are back in the market full swing on the back of higher rents being achieved and expected capital growth.”

David said the market is still strong.

“The market across all spectrums remains strong and prices on reflection are continuing to impress

due to a shortage of stock levels and strong demand,” he said.

“This is evident for both the southern Gold Coast and Tweed districts, with overwhelming demand for homes under $1 million and units under $800,000.

“Interest rates haven’t played too much of a part in the current market.

“However, signs are showing that interest rates are likely to come down and lenders facilitating more borrowers that may have had difficulties in the past.

“In addition, banks are becoming far more flexible with offering rate cuts, only if one asks, due to direct competition from other financial institutions.

“Given this, buyer enquiry will likely only strengthen throughout 2024 which is heading towards another bumper year for the property industry.”

Schmith Estate Agents principal Justin Schmith said most of the inquiries he was seeing were coming from Victoria.

“We are seeing most buyers from Melbourne,” Justin said.

“Victorian-based buyers are the

Open Homes

Saturday, March 23

JET

• 48 McLeod Street, Condong, 12:30-1pm

LJ Hooker Kingscliff

• 236 Old Lismore Road, Byangum, 10-11am

Tate Brownlee

• 8/13 Parkland Plc, Banora Point, 9am-9:30am

• 99 Winders Plc, Banora Point, 9am-9:30am

flavour of the year as they were last year.

“Besides a few locals from the Gold Coast and Tweed area, some from Byron Shire and some from Coffs Harbour, Port Macquarie and northern Qld, the biggest standout buyers are from Melbourne and Victoria.

Justin said the market was still extremely strong.

“It’s the best I’ve seen it since COVID for sellers with the tightest stock levels ever and high buyer

demand,” Justin said.

“Our market is literally defying all economic logic.

“However, our stuff in Byron is not doing so well and rural stuff has really slowed down in the Tweed Shire, particularly price and days on market.

“Everyone appears to be heading back to the city or no one wants to work or do Sunday lawns and maintenance.

“Suburb downsize properties and properties close to medical and

• 3/140 Kennedy Drv, Tweed Heads West, 1010:30am

• 81 Jacaranda Ave, Tweed Heads West, 10-10:30am

• 10 Bushranger Rd, Terranora, 11-11:30am

• 11 Sexton Hill Drv, Banora Point, 11-11:30pm

• 150 Kennedy Drv, Tweed Heads West, 11:4512:15pm

• 11/39-45 Tweed Coast Rd, Bogangar, 12-12:30pm

• 29 McLeod St, Condong, 1-1:30pm

• 57 Thoroughbred Plc, Bungalora, 2-2:30pm

• 47 Bimbadeen Ave, Banora Point, 2-2:30pm

• 29 Oyster Point Rd, Banora Point, 3-3:30pm

• 19 Seaview Rd, Banora Point, 3-3:30pm

Our Community Comes First

infrastructure are hot, thanks to the baby boomers downsizing.”

Justin said the only effect he was seeing on interest rates was mainly borrowing capacity being cut.

“For example, before, if you were getting approved up to $1.2 million, now it might only be $800,000 or $900,000, but everyone is still buying and or consolidating,” he said.

“Consolidation is a common occurrence in the common market due to the higher interest rates.”

• 3 Carla Crt, Varsity Lakes (Qld), 4-4:30pm

DJ Stringer Property Services

• 245/20 Binya Ave, Tweed Heads, 10-10:30am

NSW Time

• 17 Karingal Ave, Bilambil Heights, 10-10:30am

NSW Time

• 1/231 Golden Four Dr, Bilinga, 10:15-10:45am

Qld Time

• 2/5 Foxhill Dr, Banora Point, 11-11:30am NSW Time

Qld Time

• 6/24 Dutton Street, Coolangatta, 11:15-11:45am

• 110 Caloola Cres, Tweed Heads, 1:15-2pm

NSW Time

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.

Homes under $800,000 like this Tweed unit with DJ Stringer are popular with first home buyers

This newly designed Hamptons Home! offers a relaxed and stylish lifestyle, for the fussiest of homeowners. With open plan living flowing out to the gorgeous alfresco area and garden – perfect for entertaining!

Brand new dream Kitchen, Asko appliances dishwasher, cooktop, oven and rangehood. Country style kitchen cupboards, draws and pantry.

Lounge room will fit all your furniture with plenty of room to move. Feature V-jay wall adds to the ambience. Mounted flat screen LG smart tv 75”.

The dining room is the hub of the home, enjoy sharing meals and making memories. New wide timber planks throughout in White Oak and new Plantations shutters.

The Bathroom – is simply stunning and brand new as well. Beautiful vanity and mirror with light feature. Shower screen with two way sliding doors. Top quality fittings all new Shower Head and Vanity “Who” brand.

Main bedroom has built-ins fitted out, reverse cycle air

conditioning, ceiling fan and beautiful bedside pendant lights. Second bedroom has built-ins and ceiling fan can fit a queen size bed.

Two car tandem parking, Spacious external laundry. Fully fenced with side gates. PET FRIENDLY COMMUNITY.

Everything has been done to the highest level by professionals and carefully monitored by the owners. New electrical wiring, Light Fittings, PowerPoints (4 socketblack) and black Ceiling Fans throughout. Freshly painted throughout internal and external. New Crim safe screens. Undercover entertainment area, beautiful gardens.

BONUS!

Dual Living Country Style

236 Old Lismore Road, Byangum NSW

A LARGE FAMILY HOME IN EXCELLENT CONDITION

Multiple living spaces including separate private living for the extended family.

Modern kitchen and bathrooms with country and mountain views from every window.

For Sale

With almost an acre of outdoors room to play and situated in a quiet, low traffic area only minutes to town schools and shops, this is a country escape with benefits.

Best of Both Worlds

226 Round Mountain Road, Round Mountain NSW

RURAL LAND WITH OCEAN VIEWS

They’re not making any more of this coastal land so close to the surf in popular, Northern New South Wales.

A development opportunity approx. 2ks from the beach.

$1,500,000 -$1,600,000 View

Sat 30th Mar at 10-11am For

33 acres mostly cleared with gentle slopes affording ocean views. RU2 zoning, spring-fed dam, bitumen road frontage, flood free.

2

Ju Ju’s Cafe is renowned for exceptional Botero cof fee and great food. This established business is ready for a new owner to take it to the next level. With great plant and equipment, awesome location and potential plus.

Murwillumbah is a foodie hub with an arts and culture vibe that is one of the Northern Rivers emerging hotspots. Only 30 mins to Gold Coast, Tweed Coast beaches and Gold Coast International Airport.

Established over 20 years this solid per forming business is ready for a new owner to take it to the next level. Centrally located in the CBD of Murwillumbah with the freehold for sale also could represent the per fect opportunity to secure both. The Tweed Valley is per forming above the state

average in growth and is the per fect location to live and work. Located in a high exposure location right opposite a busy shopping centre. There is a rear loading area and customer parking available. This business would be hard to fault and full financials available on request.

Motivated

110 Caloola Drive Tweed Heads

From the moment you step inside you will truly appreciate the cozy living and simple elegance that originates from the rustic accents of the internal brickwork, complimented by raked ceilings with exposed timber beams of this Australian Country style inspired (3) bedroom residence.

A lovely welcoming home with real character and charm that also offers upside to those that may wish to add value by modernizing to the current era, if so desired.

Properties within this area are extremely tightly held and with good reason.

Likely to attract strong interest.

• Formal living w/ traditional open fireplace

• Air-conditioned meals area

• Colonial style kitchen w/ a safe watch over the pool area

• Master bedroom w/ ensuite, built in robes & access to rear garden

• Bedrooms (2) & (3) are also generous with built in robes

• Double garage (one side automatic) w/ painted flooring, internal & side access

• In-ground swimming pool (brand new chlorinator)

• Fully fenced sectioned rear yard, garden, entertaining area & pool enclosure

17 Karingal Avenue Bilambil Heights

From the moment you arrive home you will be drawn towards a kaleidoscope of scenic views that span well beyond 180 degrees over the Terranora Inlet and out to the Pacific Ocean.

Your spacious split level (3) bedroom residence has the added bonus of a self-contained versatile studio below, which would appeal to the independent extended family or home business.

• Spacious open plan living w/ raked ceiling & bamboo flooring

• Central social kitchen with island bench & plenty of cupboard space

• Master bedroom w/ ensuite & water views

• Main bathroom w/ spa bath & separate WC

• Large entertainers deck commanding exceptional views

• Double automatic lock up garage w/ internal access

• 20 Solar panels

• Newly restored tiled roof

322

Buyer Range $1.450M-$1.5M

Open

Saturday 1:15 - 2:00 (NSW TIME)

David Stringer 0418 150 731 david@djstringer.com.au

Buyer Range $1.250M-$1.295M

Open

Saturday 10:00 - 10:30pm (NSW TIME)

David Stringer 0418 150 731 david@djstringer.com.au