Interest rate hold brings relief
By Jo Kennett
THE BOSS of the Reserve Bank has put interest rates on hold after the annual rate of inflation fell to 6 per cent, down from 7.8 per cent in December, giving mortgage holders and renters a much-needed reprieve.
The good news will provide confidence for nervous buyers and sellers in the local market and hopefully bring some muchneeded stability after the barrage of rate rises left many vulnerable households reeling.
JET Real Estate
Director and licensee of JET
Real Estate Jason Dittmar said he was seeing a lot of locals in the property market at the moment.
“There are a lot of locals in the market with families upsizing for space to accommodate growing families, while there are also a lot of retirees downsizing from double-storey houses to single level with space for their caravan or motorhome, as well as farmers moving to town on larger blocks with privacy,” Jason said.
“There are also quite a few
purchasers needing to sell before buying, which is understandable because they don’t want to be caught out not finding their ideal property and having to contend with finding a rental which is in very short supply.
“There is currently a shortage of supply for vacant blocks, three to four bedroom larger homes at Nunderi and Dallis Park, and five acre farms with usable space ten minutes from Murwillumbah.
“Properties priced correctly will attract a fair price in a reasonable time.”
Jason said there was still a very high rental demand for affordable housing “as well as quality property for long-term tenants.”
“Even if property owners are not considering selling or renting, it is an ideal time to catch up with JET Real Estate to discuss ways to maintain your property for investment in your future,” he said.
Tate Brownlee
Tate Brownlee principal Tate Brownlee said that he was seeing the most interest for Tweed property coming from the cities and other states.
Open Homes
“There are lots of interstate buyers and lots of Sydney interest,” he said.
“We have seen demand increase in the market.
“There is a shortage of supply indicating now more than ever the perfect time to list before distressed selling becomes more apparent with rising interest rates.”
Schmith Estate Agents
Schmith Estate Agents principal Justin Schmith said the majority of queries he was getting were coming from Victoria, and Melbourne in particular “is a massive standout buyer pool at present.”
“Can you blame them with our weather,” Justin said.
“The market is all over the place and hard to predict.
“What is very clear, is anything turn key, low maintenance and ready to move in is doing very well.
“Anything needing work, not so much.”
Justin said rural acreage property has gone back to normal
days on market, around six to 12 months.
“We are still getting good offers, it’s not the buyers that are the problem,” he asked.
“There is still a slight lack of stock but this may change soon at any point.
“Confidence is still a little shaky and you see that in the indecisiveness of both buyers and sellers.
“Rentals are interesting; all the hype about under supply and high demand is true for rentals up to $750 per week.
“Anything over this market, say $900 per week plus, is starting to get tricky.
“Some people are just hanging
onto their homes under the mortgage stress/slave to the mortgage repayments and there will still be more interesting times to come.”
Many economists think the muchmaligned Reserve Bank governor Phillip Lowe, who will be replaced by Michelle Bullock in September, has made the right call on interest rates.
Considering the lag on the effect of the recent rate rises on inflation, which rent rises help to keep high, and the corporate price gouging which global indicators show has been the biggest cause of high inflation, it seems a prudent move.
First National Real Estate Murwillumbah
468 Smiths Creek Rd, Smiths Creek, 9- 9:30am
257 Dulguigan Rd, Dulguigan, 10-10:30am
20 Mount Burrell Rd, Mount Burrell, 10:15-10:45am
31 Eyles Ave, Murwillumbah, 11-11.30am
35 Cooloon St, Kunghur, 11.30am-12pm
29 Waterlily Close, Nunderi, 12-12.30pm
Our Community Comes First
all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community.
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. THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578 02 6672 2499 jetrealestate.com.au THINKING OF SELLING? CALL THE TEAM TODAY SELLING BUYING PROPERTY MANAGEMENT 90228 SELLING . BUYING . PROPERTY MANAGEMENT Real Estate FROM COAST TO COUNTRY
We
We
Saturday, August 5 Elders Real Estate 2/17-21 Monterey Ave, Banora Point, 10 -10.30am 5/1 Castlefield Drive Murwillumbah, 9.30 - 10am 24 Tumbulgum Road Murwillumbah, 9.30 - 10am 43 Tumbulgum Road Murwillumbah, 10.30 - 11am 37 Central Parade Murwillumbah, 10.15 – 10.45am 20 Tombonda Road Murwillumbah, 11 – 11.30am 25 Stokers Road, Stokers Siding,10-10:30am 50 River Street, South Murwillumbah, 11-11:30am 51 Riverview Street, Murwillumbah, 12-12:30pm 1/141 Byangum Road, Murwillumbah, 1-1:30pm 50 Wardrop st, Murwillumbah, 12.30 - 1pm 33 Kookaburra Court, Stokers Siding, 12- 12.30pm JET Real Estate 585 Tumbulgum Rd, Tygalgah – 9-9.30am 1 Tombonda Rd, Murwillumbah – 9.30-10am 506 Tweed Valley Way, South Murwillumbah –10.30-11am 17 Elvadale Place Nunderi – 11-11.30am 6 Elouera Terrace, Bray Park – 11.30-12noon 51 James St, Murwillumbah – 12.30-1pm DJ Stringer Property Services 2/6 Alva Street Tweed Heads ‘Price Guide Duplex 2 $700,000 - $750,000K’ 10-10.30am 5/63 Dixon St, Coolangatta ‘By negotiation’ 1111.30am 10 Old Ferry Road Banora Point ‘Price Guide $1.95 – $2.1M’ 11.15-12pm 11/22 Binya Ave, Tweed Heads ‘Price Guide $595K-$650K’ 12-12.30pm Tate Brownlee Real Estate 139 Darlington Drive, Banora Point, 9-9:30am 11 Greendale Place, Banora Point, 9-9:30am 12 Birnam Avenue, Banora Point, 10-10:30am 70 Dry Dock Road, Tweed Heads, 11-11:30am 74 Botanical Circuit, Banora Point, 11-11:30am 41 Lochlomond Drive, Banora Point, 12-12:30pm
Large Nunderi homes like this one for sale with Jet Real Estate are in short supply
02 5602 2950 elderstweedvalley.com.au Tweed Valley & Coolangatta 90268 Business for Sale Sportsworld Murwillumbah $129,000 78 Main St, Murwillumbah 2484 Craig Dudgeon 0408 188 184 Sportsworld Murwillumbah is a local family owned and operated independent sports retailer est 1950’s. The business has evolved over the years and the current owner of 10 years has decided to hang up his boots and represents great opportunity to the new purchaser. A long lease with full financials and comprehensive IM available on request. Real Estate Tweed Valley & Coolangatta
Substantial Seagulls waterfront home
Set on the popular Seagulls Estate, this hi set waterfront home offers numerous living and entertaining spaces and a versatile lay out that will appeal to growing and extended family situations.
The separate pool house has its own covered deck overlooking the water and includes a kitchenette and bathroom and provides options as a clubhouse for lazy summer afternoons around the pool, guest accommodation or a retreat for parents, teenagers or even granny!
The main residence comprises 3 large bedrooms and family bathroom upstairs and downstairs houses big open plan living, dining and kitchen areas as well as an adjacent sunroom overlooking the inground pool, backyard and canal. The garage with internal access, laundry and second bathroom are also on the lower level.
• Private pontoon with plenty of room for the tinny, kayaks, stand ups and other watercraft.
• Timber flooring upstairs.
• Spotless presentation and family size kitchen.
• Short, flat stroll to Seagulls Leagues Club, Panorama Plaza shops and riverside parkland walking path.
• Easy access to Gold Coast Airport, motorway north and south, patrolled beaches, major shopping centres, schools and all other services and amenities.
• Bus stop at the front door.
• Quiet, well established neighbourhood.
3 3 1
• Yabbies, fish and mud crabs 2 minutes away.
• Ideal sanctuary and living environment for active, water sports loving families.
“Pack the fishing rods, yabby pump and crab pots – you’ll need them!”
FOR SALE BY NEGOTIATION
Inspections by appointment
Nassau – top shelf riverfront real estate
Nassau is a boutique, tightly held building of only thirteen apartments. Unit 9 is ideally situated on level four with a perfect north easterly aspect that takes full advantage of the exceptional 180 degree views on offer.
Starting with views to the north towards the Rainbow Bay coastline and Point Danger to the river mouth across to the natural bushland beauty of Letitia Spit and Kerosene Bay and up to Fingal Headland and beyond. There are even Hinterland views from the balcony off the main bedroom! The position and aspect of the unit ensures plenty of sunlight when you want the warmth in winter, and also the cooling breezes when you need them in summer.
• Car rarely required – walk everywhere! Short, flat stroll to Tweed Mall shops, patrolled beaches, clubs, medical services and the vibrant Coolangatta cafe + restaurant precinct plus lots, lots more.
• Immaculate presentation.
• Safe and private building with only two units per floor.
• Secure car space and individual storage cupboard.
• Popular riverfront walking path on your doorstep.
• Enjoy the morning cuppa on the sunny balcony and watch
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the comings and goings on the river.
• Spacious, open plan living areas.
• 180 degree views on offer
“It’s all about… Position, Position, Position!”
$1,195,000
Inspections by appointment
kel@keljuddrealestate.com.au www.keljuddrealestate.com.au
90267
KEL JUDD 0402 597 001
Real Estate Agent + Auctioneer NSW & QLD
34 Jacaranda Avenue, Tweed Heads West 9/20 Endeavour Parade, Tweed Heads
FOR SALE Paul McCarthy 0418 989 299 realestate2487@aapt.net.au 5/222 Marine Parade, Kingscliff We focus on SELLING ONLY! Thinking of Selling – Contact realestate2487 servicing Kingscliff and Tweed Coast. 90264 Club Tweed next to Tweed Shire Council Desired Top Floor Low Maintenance Ocean Glimpses Full Security 3 2 1 1 Paul McCarthy 0418 989 299 realestate2487@aapt.net.au 15-73 Darlington Drive, Banora Point Duplex Configuration Low Maintenance Next to Shops/Club Low Body Corp 2 1 1 1 1 SOLD AT 1ST OPEN HOUSE – RECORD PRICE
This charming property is now available for sale for the first time in forty years
Offering a comfortable and private living experience in a desirable leafy setting
Generous garage with space for two vehicles, providing ample storage and convenience
Acreage lifestyle yet only 15 minute's to Coolangatta Beach
Located in a sought after location, providing a serene and tranquil environment
Situated on a sprawling just shy of 2 acre plot of land (7,815m2)
1 Coodgie Street TYALGUM
Mixed-use zoning, ideal for both residential and commercial development
Large double block on two titles, encompassing 1,518m2 providing ample space
Tranquil vibes and community feel, two minute's walk to the heart of Tyalgum village
Spacious three bedroom home with authentic Scandinavian fireplace
Tandem drive through lock-up garage and side access
Dual street access, convenient rear lane access enjoy easy accessibility and exposure for potential commercial endeavours
0422
LAND
stress of everyday life, offering an unmatched sense of peace and tranquility and a babbling creek taking full advantage of the panoramic mountain views, the Pinnacle and Mt
The property features expansive natural beauty, including old-growth trees, With ample space, you have the freedom to design and build your dream home,
Warning
- 11 ACRES MICHAEL KELLY 0411 114 923
Lot 23-26, 362 Old Lismore Road
BYANGUM
10 acres approx. versatile RU2 zoning with endless options
Unparalleled hilltop location only ten minutes to town
Mesmerising mountain range views
Serene, peaceful, and quiet retreat
First time on the market in over 100 years
Experience true tranquility in this peaceful and quiet haven Escape to the tranquility of the countryside and embrace the rural lifestyle!
CONTACT US TODAY TO JOIN OUR EXCLUSIVE DATABASE FOR OFF-MARKET PROPERTIES
$560,000
PHONE: COOLANGATTA (07) 5607 4156
Shop 10/120 Marine Parade schmith.com.au
114
MICHAEL KELLY 0411
923
BYANGUM BEAUTY - UNCOVER RURAL BLISS IN TWEED SHIRE 3 2 2 JUSTIN SCHMITH 0422 051 505
JUST LISTED LAND - 10 ACRES 3 1 2 JUSTIN SCHMITH
051
MIXED-USE DOUBLE BLOCK IN PICTURESQUE HINTERLAND VILLAGE
505
JUST LISTED
132 Robinsons Road PIGGABEEN
ACREAGE TREE RETREAT
Perfect for families or those looking for extra space
A perfect vacant acreage, flood free, easy access, views, with a farm shed Imagine owning this exclusive sanctuary, where you can escape the noise and
NATURES
$735,000 90275
190 South Pumpenbil Road PUMPENBIL
HIDDEN HAVEN
First National — 64 Murwillumbah St, Murwillumbah NSW 2484 Call us now (02) 6672 7828 90271 KIELVALE $949,000 81 Reserve Creek Rd 4 3 2 Helen Flynn 0435 810 254 Lookingtosellorrent? John Besgrove 0403 513 924 Anne Besgrove 0402 608 503 Jade Chapman 0492 966 183 Scott Reading (LICENSEE IN CHARGE) 0401 938 937 Bruce Flynn 0422 405 827 Helen Flynn 0435 810 254 MURWILLUMBAH $995,000 31 Eyles Ave 3 1 1 Helen Flynn 0435 810 254 OPENHOME 11–11:30AMSAT BURRINGBAR $1,895,000 12 Gumly Close 3 2 3 Anne Besgrove 0402 608 503 DULGUIGAN $549,000 257 Dulguigan Road, UKI 3 1 1 3 1 Scott Reading 0401 938 937 Scott Reading 0401 938 937 KUNGHUR $569,000 35 Cooloon Street 1 ha land Anne Besgrove 0402 608 503 UNDER CONTRACT MURWILLUMBAH CONTACT AGENT 42 Riveroak Drive, 4 2 3 Scott Reading 0401 938 937 MOUNT BURRELL $1,395,000 20 Mount Burrell Rd Anne Besgrove 0402 608 503 OPENHOME 10–10:30AMSAT COMINGSOON NUNDERI $1,185,000 29 Waterlily Close 4 2 2 Helen Flynn 0435 810 254 OPENHOME 12–12:30PMSAT OPENHOME 10.15-10.45AMSAT OPENHOME 11.30-12PMSAT JUSTLISTED 3 1 5
240 Rowlands Creek rd Uki
PRICE: CONTACT AGENT
4 BED | 3 BATH | 6 CAR
8 Useable acres with views
Privately tucked away on a country lane
Opportunity to fit out downstairs (already plumbed and powered) to create space for Air BnB or teenager's retreat
Massive floor plan
3 Minute drive to Uki village
Lots of water storage
Fruit trees / Veggie gardens
67 Rowlands Creek Road, Uki
PRICE: $990,000
2 BED | 2 BATH | 2 CAR
Unique chalet style home with postcard views of Mount Warning
Restored 80 year old railway carriage has been converted into a functional kitchen
Front and rear verandas offer plenty of entertaining space
Separate studio/workshop, 1.5kw solar, 6kva diesel generator
Leisurely 3 minute walk to Uki Village.
21 Mount Burrell rd Mount Burrell
PRICE: CONTACT AGENT
4 BED | 3 BATH | 7 CAR
23/1283 Byrrill creek rd Brays Creek
Solar / Irrigated veggie gardens / fruit trees
15 mins to Uki Village 30 mins to Murwillumbah
THINKING OF SELLING?
426 Doon Doon rd
Doon Doon
PRICE: $450,000 - $495,000 8x6 SHED | 7 ACRES
Flood free freehold Bush Block Building Entitlement
House pad / power / water tank
Sealed bitumen access to drive
2 mins drive to Clarrie Hall dam for Sailing, fishing, canoeing 25 mins drive to Murwillumbah
Build your dream
10 mins drive to Uki Village for all your day to day needs
NORTHERN IVERS PROPERTY GROUP m: 0448 191 351 e: Paulstobbie@atrealty.com.au Suite 2A Warina Walk Arcade, 114 Murwillumbah St, Murwillumbah ON THE MARKET m: 0422 265 871 e: adrianna@atrealty.com.au PAUL Adrianna Suite 2A Warina Walk Arcade, 114 Murwillumbah St, Murwillumbah
title on
Hamlet" - Cash purchase only 12 Acres for you to enjoy Off-grid Living with full solar / water tanks / Gas cooking and HW
of tropical fruit trees
for those starry nights Mountain & Hinterland views 10 minutes to Tyalgum Village 20 minutes to Uki Village
CONTACT AGENT 2 BED | 1 BATH |2 CAR @paulstobbieatrealty @AdriannaNRPG NOW is the time to give us a call and get advice on selling and marketing strategies! OUR MARKETING WORKS! Call Paul 0448 191 351 or Adrianna 0422 265 871 to book a confidential chat. GETTING READY FOR SPRING? Multiple Living Options on 5.5 acres with 3 fenced paddocks 16x6mtr Shed / workshop with inbuilt s/c 1 bed unit
casement stained glass windows,
ornate ceilings
storage /
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"Palmview
Loads
Veggie gardens Skypod
PRICE:
Floorboards throughout,
high
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"Star Gazer" "Warrigal"
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WWW.NORTHERNRIVERSPROPERTYGROUP.COM.AU Adrianna & Paul 90274
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For accurate advice & complimentary property appraisals, please contact our elite sales team on (07) 5599 5222. Appointments available 7am-7pm, 7days. All Southern Gold Coast & Northern NSW regions covered. (07) 5599 5222 | 76 Griffith Street Coolangatta QLD 4225 | www.djstringer.com.au *Offer expires 30/09/2023 PROPERTY LISTINGS URGENTLY REQUIRED FREE MARKETING WHEN YOU SELL WITH DJ STRINGER Our selling fee guarantee is to beat any comparable quote! • Professional Photos, Aerials • Floor & Site Plans • Premier Listings on re.com, domain.com & other major portals • Colour Brochures • Colour Photo Signboard • Press Advertisements • Social Media Marketing • High profile Window Display • Access to 25,000 + local, national & international buyer data base • BONUS Free Video for properties over $1M % +GST INCLUDED IN YOUR FREE MARKETING PACKAGE SELLING FEE 2 90239