Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
Boost for first-home buyers Open homes FIRST-HOME BUYERS
struggling to get their foot on the property ladder have received a welcome boost from the NSW government this week, who have eliminated stamp duty on newly-built homes priced below $800,00, as the number of building approvals in the Tweed drops. Stamp duty will be abolished on vacant land priced up to $400,000 and will be reduced on vacant land valued between $400,000 and $500,000. First-home buyers will pay less stamp duty on newly-constructed homes valued between $800,000 and $1 million, in a bid to support the construction industry which has slumped during the coronavirus pandemic. The number of new dwellings approved in the Tweed Shire has significantly reduced over the past year, where in the 20182019 financial year a total of 387 dwellings were approved, comprising 241 houses and 136 other residential buildings such as units and townhouses. During the eleven months to May 2020, the number of approved dwellings has almost halved to 192, which includes 143 houses and 46 other residential buildings. Throughout the state, the number of new dwelling approvals dropped to 44,248 in the past eleven months, compared to 57,578 in the twelve months prior. NSW Premier Gladys Berejiklian said the change to stamp duty thresholds would support new home construction and create jobs as part of the government’s COVID-19 Recovery Plan. “Thousands of people will see their bank balances benefit from this change – it will help get more keys into more front doors of more new homes,” Ms Berejiklian said.
“It will also boost housing construction across NSW and support jobs in the building industry at a time when we need them more than ever before.” The government estimates more than 6,000 first-home buyers will benefit from the scheme. Treasurer Dominic Perrottet said the changes will save first-home buyers up to $31,335 in stamp duty on a new $800,000-home. “The current scheme has already helped over 93,000 first-home buyers since July 2017 and this will give the construction industry extra support as we face the challenges of COVID-19,” Mr Perrottet said. “We need to ensure our building sites keep ringing with hammers and saws as that means more people working, and first-home owners will save money in the process.” The change to the thresholds will only apply to newly-built homes and vacant land, not to existing homes, and will last for a 12-month period, commencing on August 1, 2020. First-home buyers remain eligible for the $10,000 First Home Owner Grant, which is available for homes worth no more than $600,000, or buying land and building a new Property type
home worth no more than $750,000 in total. New home builders can also apply for the HomeBuilder scheme, which was announced by the federal government in June and provides a $25,000 grant to eligible owneroccupiers. To be eligible, a contract must be signed between June 4, 2020, and December 31, 2020, and construction must commence within three months of the contract date. Applications are subject to income caps of $125,000 per annum for an individual based on 2018-19 taxable income or later; or $200,000 per annum for a couple. The new home must be a principal place of residence, where the property value does not exceed $750,000. Renovations are also eligible for the scheme, where the renovation contract is between $150,000 and $750,000, and the value of the existing property (house and land) does not exceed $1.5 million (prerenovation). Revenue NSW said they are working to open the HomeBuilder grant for eligible NSW owneroccupiers as soon as possible.
Saturday, August 1 DJ Stringer 8/27-29 Dutton Street, Coolangatta, 10:00am-10:30am 9 Merion Court, Banora Point, 10:30am-11:00am 24 Karingal Avenue, Bilambil Heights, 10:30am-11:30am 2/1 Tweed Terrace, Rainbow Bay, 11:00am-12:00pm 4/57 Dixon Street, Coolangatta, 11:00am-11:30am 2021 Tweed Ultima, Tweed Heads, 12:00pm-12:30pm 20/24 Seaview Road, Banora Point, 12:00pm-12:30pm 704/53 Bay Street, Tweed Heads, 1:00pm-1:30pm 26/20 Binya Avenue, Tweed Heads, 2:00pm-2:30pm 73 The Quarterdeck, Tweed Heads, 3:00pm-3:30pm
Raine & Horne Ocean Shores/Brunswick Heads/ Murwillumbah Pinnacle Estate, Ramsay Close, Goonellabah, 9.00am-10.00am 28 Royal Avenue, South Golden Beach, 9.30am-10.00am 23 River Street, Murwillumbah, 10.00am-10.30am 1/4 Roundhouse Place, Ocean Shores, 10.00am-10.30am 25 Hottentot Crescent, Mullumbimby, 10.30am-11.30am 10 McPherson Court, Murwillumbah, 11.30am-12.00pm 9 Banool Circuit, Ocean Shores, 11.30am-12.30pm 2/3 Duroon Court, Ocean Shores, 12.00pm-1.00pm
Existing stamp duty amount for eligible first home buyers
New stamp duty amount for eligible first home buyers
Saving
Vacant Land $350,000
$0
$0
no change
Vacant Land $400,000
$7,793
$0
$7,793
New home $650,000
$0
$0
no change
New home $700,000
$10,445
$0
$10,445
New home $800,000
$31,335
$0
$31,335
2/12 Yarra Close, Banora Point, 11:00am-11:30am
New home $900,000
$35,835
$20,168
$15,668
16/13-15 Kingston Drive, Banora Point, 11:00am-11:30am
Existing home $650,000
$0
$0
no change
61/20 Binya Avenue, Banora Point, 12:00pm-12:30pm
Existing home $800,000
$31,335
$31,335
no change
183 Botanical Circuit, Banora Point, 12:00pm-12:30pm
6 The Plateu, Murwillumbah, 12.30pm-1pm 556 Caniaba Road, Caniaba, 1.00pm-1.30pm
Source: NSW Government
53 Helen Street, South Golden Beach, 1.00pm-2.00pm 11 Flinders Way, Ocean Shores, 2.30pm-3.00pam
Tweed Coolangatta Real Estate
MAXIMIZE YOUR PROPERTY 72824
With Raine Horne properties digital advertising plan
Murwillumbah / Ocean Shores / Brunswick Heads phone. 02 6672 4477 freecall. 1800 547 848
TWEED COOLANGATTA REAL ESTATE
SOLD
SOLD
30 Meridian Way, Tweed Heads Sold by Kaeren Smith
25 Dixon Street, Coolangatta Sold by Kaeren Smith
SOLD
SOLD
8 Falkner Street, Tweed Heads South Sold by Michael Smith
3A Huntingdale Place, Banora Point Sold by Michael Smith
Kaeren Smith Principal - Sales NSW & QLD 0412 454 150 kaeren.smith@tcre.net.au
Thinking Real Estate. Thinnk TCR.
SOLD
11/108 Kennedy Drive, Tweed Heads West Sold by Kaeren Smith
SOLD
20/20 Binya Aveune, Tweed Heads Sold by Kaeren Smith
Michael Smith Principal - Sales NSW & QLD 0413 454 350 michael.smith@tcre.net.au
ARE YOU HAPPY WITH THE MANAGEMENT OF YOUR INVESTMENT PROPERTY? AT TCR WE OFFER A PERSONAL, PROFESSIONAL, HANDS ON APPROACH TO MANAGING YOUR INVESTMENT PROPERTY. WE VALUE A GOOD TENANT THAT IS THE RIGHT FIT FOR YOUR PROPERTY. EXTENSIVE CHECKS ARE DONE WITH A PERSONAL INTERVIEW PRIOR TO TENANCY ACCEPTANCE. ZERO TOLERANCE TO RENT ARREARS - REGULAR 16 WEEK ROUTINE INSPECTIONS - REVIEWING RENTS & LEASES - CARRY OUT ALL OF YOUR MAINTENANCE, PAY YOUR ACCOUNTS. WE TAKE THE WORRY & HASSLE OUT OF OWNING AN INVESTMENT PROPERTY - CALL KAEREN OR JAI TODAY ON 07 5599 2000 OR 0400 092 540 FOR A STRESS FREE CHANGE OVER!
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Thinking Real Estate. Think TCR.
07 5599 2000
53 Wharf St, Tweed Heads NSW 2485
www.TCRE.net.au
TWEED COOLANGATTA REAL ESTATE
Thinking Real Estate. Thinnk TCR.
183 Botanical Circuit, Banora Point
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Price: $779,000 Inspect: Saturday 12:00-12:30pm
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FAMILY HOME THAT’S SURE TO IMPRESS Posi�oned in sought a�er ‘Flame Tree Park Estate’ this family sized home is perfectly posi�oned close to Banora Shopping Centre, sports club & schools. Formal lounge & dining, �led open plan family room. Four spacious bedrooms, main bedroom with walk-in robe & ensuite. Sunny, fully �led open plan family room, generous kitchen. Huge north facing outdoor entertaining area surrounds inground pool. 5kw Solar.
16/13-15 Kingston Drive, Banora Point
61/20 Binya Avenue, Banora Point
Price: $450,000 Inspect: Saturday 11:00-11:30am
Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au
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RENOVATED WITH LEAFY OUTLOOK New kitchen, freshly painted , new floor coverings throughout, living room flows to covered outdoor area & established garden & leafy bush land backdrop. Spacious bedrooms with built-ins, bathroom with bath & shower. Gated community with two pools, tennis court & onsite manager.
Price: $400,000 Inspect: Saturday 12:00-12.30pm
Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au
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PRESENTATION PLUS Beau�fully presented townhouse posi�oned in a quiet residen�al complex in central Banora Point close to all facili�es. Spacious living room, light & bright kitchen & dining opens to fenced court yard garden. Addi�onal 3rd toilet on lower level, internal access from lock-up garage, separate laundry.
Michael Smith 0413 454 350 michael.smith@tcre.net.au
07 5599 2000
53 Wharf St, Tweed Heads NSW 2485
www.TCRE.net.au
Local Knowledge
O P SA EN 11 T H -1 UR O 1. DA ME 30 Y AM
O P SA EN 12 T H -1 UR O 2. DA ME 30 Y PM
Local People
Price: Offers closing 14th Aug 3
Tweed Heads South • Galley Style Kitchen with gas cooking and dishwasher • Air conditioned living areas • Dual entertaining courtyards
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7 Coquille Place
Price: Submit All Offers 3
Tweed Heads West
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1/1 Pelican Place
• Garage converted to 3rd bedroom and a study • Spacious master bedroom with dual windows • Wrap around undercover entertaining patio • Ducted zoned Smart air conditioning throughout • Professionally landscaped low maintenance gardens
• Double lock up garage with remote access • Fully Fenced with Garden Shed
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• Fully fenced yard with paved walkways & garden shed • Parking off road for 2 vehicles plus side access for additional vehicles
Amanda Patterson Sales Consultant 0409 442 588
O P SA EN 10 T H -1 UR O 0. DA ME 30 Y AM
Amanda Patterson Sales Consultant 0409 442 588
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80 Botanical Circuit • Architecturally designed, spacious open plan living • Entertainers’ courtyard boasts a covered deck and heated pool • Well equipped central kitchen overlooking pool and lounge • Master enjoys a spa en-suite, walk-in robe, alfresco retreat • Established gardens, sizeable double garage, ample storage
Local People
Price: Submit All Offers • Air conditioning, security system, heated pool, transport at the door
Amanda Patterson Sales Consultant
0409 442 588
Local Knowledge
72720
Banora Point
Point Danger entertainer - over Snapper Rocks
Immerse yourself into an idyllic lifestyle, that is synonymous with coastal living, from this delightful 3 bedroom apartment, which commands breathtaking Northerly ocean views that extend well beyond the lights of Surfers Paradise. Your podium level residence, within the exclusive Orion’ complex, is just one of 8 only & boasts a magnificent 108m2 sun-drenched terrace with direct access to the tropical pool and street level towards the beach.
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Well-appointed kitchen w/ 2-pac cabinetry
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Master bedroom w/ ensuite, walk in robe & Juliette balcony
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Bedroom 2 w/ built in robe & terrace access
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3rd bedroom / multi-purpose room w/ bi-fold doors & access to terrace
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Main bathroom w/ bath & separate WC
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Tandem secure parking within basement plus storage locker
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Huge sun-drenched wrap around terrace w/ direct access to pool & street level
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Tropical in-ground pool
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Split level formal living & informal dining
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Lift access (although there are just a handful of steps from street level entry, direct to your abode)
(07) 5599 5222 76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au
3 2 2 P
bed
bath
car
pool
Interest Over $1,850,000 Open Saturday 11 - 12pm David Stringer 0418 150 731 david@djstringer.com.au
the home of real estate 72814
Unit 2 ‘Orion’ / 1 Tweed Terrace Rainbow Bay