The Weekly Real Estate from Coast to Country, March 30, 2023

STILL GOING STRONG AFTER NEARLY 40 YEARS!

As a licensed real estate agent for over 30 years, his career in real estate has been defined by his passion to share the beautiful living environment we call home.

With unparalleled local knowledge, old-school values, and genuine approach to business, he is driven to get the best results for the people he works with, his sellers and buyers.

Honest, loyal, local – Kel wants to help you find your home in the Tweed.

Call today for a chat about the current market conditions.

Limited Budget! Independent Living Villa or Investment

Situated in a prime position in the popular Carey Cottages complex, this one bedroom villa is ideal for a downsizing retiree on a limited budget, looking for a safe and secure living environment close to all essential services and amenities.

Alternatively, with the current scarcity of rental accommodation in general and strong demand for this type of property, it will also appeal to savvy investors seeking a solid return on capital.

The bright and sunny aspect looks across the road to the green open spaces of sports fields and parkland. The villa is shaded by a beautiful Poinciana tree and the garden setting is a perfect spot for the morning cuppa!

• Spotless presentation – freshly painted, new carpets and a recently upgraded air conditioning unit as well as a washing machine and clothes dryer included.

• Recreation room on site with kitchen facilities, library and space for social gatherings and meetings.

• Well maintained gardens and grounds.

• Flat stroll to Twin Towns’ Club Banora as well as Banora Shopping Village, where the tenancies include a supermarket, chemist, medical centre, newsagent, post office and around 25 other retailers and service providers.

• Minutes to Tweed City Shopping Centre.

• Public transport virtually at your front door.

• Permanent rental expectation approximately $320 per week.

• Affordable strata levies – currently works out at $39.50 per week including water.

Real Estate

FROM COAST TO COUNTRY

Market value tips from a local expert

By Jo Kennett

UNDERSTANDING WHAT affects the current market value of a particular property can help you negotiate with data-backed confidence, according to one local real estate expert.

Sales Consultant at Harcourts

BMG Jessica Otto said a market valuation “is an estimate of the current price of the property in the market and is often completed by a real estate agent.”

“The value of the property is based on market trends and recent sales (within six months) of similar properties in the area,” she said.

According to Jessica, there are ten key factors which affect the value of a property.

The first will come as no surprise.

“Location, location – the location of a property is the most obvious factor that affects how much a property is worth,” Jessica said.

“Is the property close to public transport, shops, schools, and restaurants? Is it in a sought-after beach front location?

“I am finding more and more buyers want the connectivity to where they work, if not from home but have a lifestyle where they can retreat after work hours and feel like they are on holiday away from the hustle and bustle; therefore in these areas properties will be more expensive.

“There is also the fact that some suburbs have a better reputation than others due to factors such as unemployment or crime rates.”

The second factor on Jessica’s list is population and demographic.

“The more people who want to live in a particular suburb, the greater the demand for properties there,” she said.

“At the same time, the type of people living in the area will also influence property values. For example, if young families are the dominant demographic group in the area, multi-bedroom houses will be more sought after than small apartments.”

At number three is supply and demand.

“Property prices will increase

if demand exceeds supply in a given market,” Jessica told the Weekly.

“This is because more people are in the market for a smaller number of properties and the competition to secure a home drives prices up.”

The fourth factor is interest rates, a big factor after the Reserve Bank of Australia delivered a record 10th consecutive rate hike in early March despite calls from financial experts to pause rate rises.

“The good old interest rate conversation; as we have seen in the current market conditions, when people are uncertain, they may stand to hold,” Jessica said.

“Over the past two years, there have been low interest rates, which means buyers’ borrowing capacity is higher.

“With the past six months of interest rates rising, borrowing has become more expensive, which has corrected market growth and forced borrowers to tighten their belts.”

Property size and features is

the next factor in determining property values.

“The features and overall size of a property also influence its value,” Jessica said.

“A four-bedroom house is likely to fetch more than a threebedroom house in the same area, while features such as extra bathrooms, garages, swimming pools, and entertaining outdoor areas can all impact property value.

“Additional features such as lowmaintenance lawns, and premium finishes will add value too.”

Jessica has age and condition as the sixth factor on her list.

“A newly-constructed home will have a higher price than surrounding properties built tenplus years ago,” she said.

“Also, don’t forget first impressions matter!

“How your house is presented from the outside can instantly add or subtract tens of thousands of dollars from its value.”

Renovations obviously help determine value too.

“Renovations do add value but

remember to have the end goal in mind when renovating so you do not overcapitalise,” she said.

“A big-ticket item is an additional dual-living residence to rent out or Airbnb for an additional house income source.”

Harcourts BMG sales expert Jessica Otto has some great knowledge

STREET, CHINDERAH

MEDICAL CONSULTING | OFFICE SUITES | INDUSTRIAL WAREHOUSE

Do not miss this extremely rare opportunity to acquire this exceptional / one of a kind commercial property located in Chinderah 2487 NSW that did not succumb to flooding. This impressive concrete structure with complete internal fit out is approximately 600sqm over two well-appointed levels with a General Industrial zoning - the potential commercial applications are extraordinary. The expansive and elevated façade provides excellent signage opportunities, with ample on-site parking directly to the door. The site is also additionally secure being fully fenced with an electronic gate. Any astute commercial investor or owner operator will appreciate the immense value of holding such a well-appointed and ideally positioned commercial property with mixed use options. This incredible blank canvas site is waiting to be optimised to its full capacity and has so much value with its variable potential. This is an exciting opportunity that will not last long!

• Highly desirable stand-alone industrial property in key location

• 4 kms (approx) from the under construction $500 million Tweed Valley Regional Hospital

1/33 MORTON On Site - Thursday 13th April 2023 at 11am 89627

Dual-living steps away from Kingscliff Beach

Two dwellings on 531m2 block, creating an opportunity for dual living or an income stream should you wish.

The original 3 bedroom home at the front of the property has been recently been renovated with a brand new kitchen, fresh coat of paint and new floor boards. On the east side of the main residence, is a adjoining self-contained 3 bedroom unit, with kitchen and one bathroom.

You have two properties on the one block of land, immediately doubling your income opportunities. That’s very rare in this much sought after sunny beachside location.

Classic Beachside Residence + Pool house

The primary residence has been renovated with a spacious kitchen, open living area, three bedrooms with walk-in robes, plus an ensuite with a freestanding bath. Adjoining the primary residence is a selfcontained studio with a kitchen, living, bedroom, bathroom, and laundry. Together this is one large fourbedroom home.

The current owner has capitalised on the large block, building a new stand-alone granny flat with a full kitchen, living, bedroom, bathroom, and laundry.

Modern home with all the extra features

Set on a large 665 sqm fully fenced block, this home hosts four generous bedrooms with built-in wardrobes and an additional multi-purpose room. The home has been cleverly designed with the family, living, and dining areas all connected to the kitchen and positioned to wrap around the tiled outside alfresco area, pool and backyard.

Additional features include storage sheds, 13 KW solar panels, a built-in dog zone, and a concreted pad suitable for a caravan or boat. High-quality features and spacious interiors will easily make you fall in love with this coastal family home.

Jessica Otto 0434 644 238 jessica.otto@harcourts.com.au

Celebrate with and win

To celebrate 3 years in our Bay Street of ce and 12 years in business, we’re coming together with some of Bay Street’s businesses to draw a special hamper for you to win. Please

Participating Businesses

Meet theTeam

82 River Street, South Murwillumbah

PRICE: $600,000 - $629,000

3 BED | 1 BATH | 2 CAR

Set on a substantial 1088m2 block Generous living and dining area, and a large kitchen

Opportunity to fit out downstairs (already plumbed and powered) to create space for Air BnB or teenager's retreat Situated within easy walking distance to Murwillumbah's CBD, shops and restaurants

Rowlands Creek Road, Uki

189 Tweed Valley Way, South Murwillumbah

PRICE: $745,000

3 BED | 2 BATH | 2 CAR

Waterfront home offering an enviable lifestyle and direct river access

Charming period features throughout, VJ panelling and timber floors

Covered entertaining deck overlooks sundrenched backyard Views to Mount Warning and surrounding ranges

Fully fenced, generous 734sqm block

9 DarroTerranoraRoad,

EXPRESSIONS OF INTEREST CLOSING 15/04/23

695.30M2 VACANT LAND

Elevated and centrally located vacant land close to local shops, cafe's, transport and schools

Offering unrivaled potential to build a stylish, modern dream home with tranquil views

Terranora is just 10 minutes from Coolangatta and Kingscliff beaches, as well as Gold Coast Airport

HOW

A SUPERB FAMILY ENTERTAINER - with serenity & space'

3 Highland Drive Terranora

Enjoy a hint of cool country living close to all major amenities, from this overly spacious (4) bedroom lowset residence commanding scenic views and surrounded by a playful 7635m2 allotment with rolling lawns.

KEY FEATURES

• Generous formal & informal living areas

• Separate family/media room

• Master bedroom with walk in robe & ensuite

• Large main bathroom with separate shower & bath

• Well-appointed kitchen with granite benches, 6 burner gas hot plate & 900mm oven

• Ducted reverse cycle air-conditioning

• Extensive wrap around covered balcony / decking with full sun blinds

• Fully tiled in-ground pool

• Automatic double garage plus exterior space for caravan or boat

• Mature easily manageable gardens with a range of shady trees over wide spread rolling lawns

Land Size 7635m2

Buyers Range $1.650m - $1.695m

Open Saturday - 10:30 - 11:00am (NSW Time)

David Stringer 0418 150 731

david@djstringer.com.au

PINEHURST - a golfers paradise'

1603 'Pinehurst' 22 Kirkwood Drive Tweed Heads South

Experience over 300 degrees of magnificent panoramic scenery from this beautifully modernised 187m2 (3) bedroom apartment, perched high on the 16th level of this iconic establishment, surrounded by acres of manicured gardens and the lush fairways of the Coolangatta/Tweed Golf course.

KEY FEATURES:

• Ducted cooling system

• Spacious open plan tiled living

• Wrap around balcony

• Hostess kitchen w/ Delonghi appliances & 2-pac cabinetry

• Master suite w/ walk through robe, ensuite & access to Juliette balcony

• Bedroom 2&3 w/ built-in mirror robes

• Stylish main bathroom w/ floor to ceiling tiles & separate bath

• Retractable fly screens

• 2 side by side car spaces (potential room for your own golf cart with direct access out to the course)

• Storage cage

• Communal workshop for those that like to tinker

• Pet friendly

bath bed

car pool

Buyers Range $1.250m - $1.295m

Open Saturday 11:30 - 12:00pm (NSW time)

David Stringer 0418 150 731

david@djstringer.com.au

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