Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
Richmond takes country’s top spot for price growth By Jo Kennett THE RICHMOND-TWEED region has recorded the strongest price growth of any region in the country, which is good news for homeowners, but bad news for first-home buyers and renters. CoreLogic’s quarterly Regional Market Update, which looks at capital growth over the 12 months to April 2021 in Australia’s 25 largest non-capital city markets, saw RichmondTweed take the top spot for capital gains across both houses and units, with 21.9 per cent and 15.5 per cent annual growth respectively. CoreLogic’s research director Tim Lawless said the faster pace of growth “reflects stronger demand flowing into the regional areas of Australia through the COVID-period to-date.” “This can partly be explained by the new popularity of remote and flexible working arrangements, but also increased demand for lifestyle-oriented properties and holiday homes,” he said. “No doubt the more affordable housing options across many of Australia’s regional markets is another incentive; in April there was a $247,400 difference between the median value of capital city dwellings and regional dwellings.
“Playing into the lifestyle trend, it’s no surprise to see the Richmond-Tweed area topping the list for capital gains over the past 12 months. “This region includes high profile beachside destinations such as Byron Bay, Suffolk Park and Lennox Head, as well as popular hinterland villages such as Bangalow. “Looking forward, regional housing markets remain well placed to record higher than average levels of demand, especially those markets that are located close enough to capital cities to provide a commuting option, and those lifestyle markets that are popular with sea and tree changers.” Mr Lawless did acknowledge the pain that the rapid price rises was causing renters in areas like the Tweed Shire. “While surging values are probably good news for homeowners in these regions, for those that don’t own a home, affordability is being stretched,” he said. “Particularly for long-time locals whose incomes are unlikely to be rising at anywhere near the pace of house price appreciation, they may be forced to seek out housing options further afield.” Rent values across the combined regional markets have outpaced capital city rents even more — regional rent values
Open homes
The Richmond-Tweed region has experienced the highest growth of any regional real estate market
increased almost three times as much as the capital city markets over the year. The data revealed an “extraordinary tightening” of regional rental markets. Of the 25 regions analysed, total available rent listings have, on average, halved over the year. According to the CoreLogic data for these regions, rent values have increased 9.4 per cent on average. This ranges from a 17.6 per cent increase across the Richmond-Tweed area, and a 2.3 per cent increase across the Capital Region.
Across these regions, the average time a rental property spent on the market has declined from 25 days in the three months to April 2020, to 17 days over April 2021. The lowest typical days on market in the rolling quarter was across the Gold Coast, where the median amount of time a rental spent on the market was two weeks. The research suggests that tenants are having to compete harder for rental accommodation in major regional centres both on price and the pace of their decision-making. Even worse consequences of the tightening in rental markets
include housing stress and homelessness. The total number of rental properties listed across the Richmond-Tweed region plummeted 59 per cent, from 1,596 listed at the end of April last year to only 654 across the whole Richmond-Tweed area at the end of April this year. Median rents across both units and houses in the area jumped 17.9 per cent to $590. The amount of time rental properties were on the market also plummeted, from 24 days in the three months to April in 2020 to just 16 days in the three months to April this year.
9/3 Carmichael Close, Coolangatta, 11am-11.30am
Kanandah Court, Ocean Shores, 10am-11am
15/111-113 Golden Four Drv, Bilinga, 12am-12:30am
Lot 4/291 Byrrill Creek Rd, Byrrill Creek, 11am-12pm
Raine & Horne Ocean Shores/Brunswick
9 Flinders Way, Ocean Shores,12pm-12.30pm
404/106 Pacific Pde, Bilinga, 10am-10.30am
Heads/Murwillumbah:
10 Beach Ave, South Golden Beach, 1.30pm-2pm
18/13 Parkland Place, Banora Point, 10am-10.30am
20 Natan Court, Ocean Shores, 9am-9.30am
First National Real Esate Murwillumbah
10 Cedar Ridge, Banora Point, 11am-12pm
16 Wagawn Drive, Murwillumbah, 9.30-10.00am 2
50 Minnows Rd, Fernvale, 10am-10.30am
Saturday, June 5 DJ Stringer Property Services
36 36premium premiumlots lotsranging rangingin insize size from 451m2 --1284m2 1284m2 Elevated the Elevatedposition position captures captures the panoramicmountain mountain views views panoramic Near Near flat, flat, builder builder friendly friendly • 55minutes of town town minutes from from the the heart of
Register Your Interest Today Jason Di mar 0477 222 452
02 6672 4477 rh.com.au/murwillumbah
Raine&Hornee
Ocean Shores 02 6680 5000
C Castlefield Drive,Murwillumbah Murwillumbah Castlefield Drive, www.100hillsestate.com.au www.hundredhills.net.au/ 85376
Murwillumbah’s Premier Land Release
Northern Rlvera/T-d Group
Murwillumbah 02 6672 4477
02 6672 4477
02 6672 4477 rh.com.au/murwillumbah
rh.com.au/murwillumbah
O
FF
ER
UKI 63 Malabar Avenue UKI ACRES TO CALL HOME
$950,000 3 1 2
MURWILLUMBAH 159 Byangum Road
CONTACT AGENT 4 1 1
RELAX AND ENJOY THE VIEWS!
U
N
D
ER
- 2ha approx. *5 Acres - Large open plan living area - Enclosed sunroom/family room - Good Shed with power - Under house storage - Tandem Garage and Carport parking
- Ornate Cornices and High Ceilings throughout, lovely views - Large family entertaining area - Under house Room or Teenage retreat/gym room (Kids Cave) - Workshop area (Mans Cave) - Freshly painted throughout - Freshwater above ground pool inground with deck
Anne Besgrove 0402 608 503
Anne Besgrove 0402 608 503
D
ER
O
FF
ER
BYANGUM 671 Kyogle Road
$1,600,000 5 3 6
MURWILLUMBAH 13 Mayal Street
$839,000 4 3 2
TOP OF THE TOWN
“LUCKMORE” 43 ACRES WITH UNINTERRUPTED VIEWS
- Dual living - Modern design - Large master bedroom with spacious en-suite - 5kw solar - Mountain views - Elevated location close to town
U
N
- Freshly painted & new b’room carpets. - 3 bay shed and 3 bay carport farm sections. - Cool room, Caravan shed, - Second Studio shed with facilities extended guests - Fully fenced paddocks - 6 Water tanks, Springs, Creek
Anne Besgrove 0402 608 503
SO
LD
BANORA POINT 1 / 204 Darlington Drive INVESTMENT OPPORTUNITY
3
2
2
Scott Reading 0401 938 937
FERNVALE 50 Minnows Road
$1,049,000 4 2 4
BEAUTIFUL ACREAGE CLOSE TO TOWN
- Private master bedroom - Spacious living - Corner block position - Well maintained property - Low maintenance
- Master with en-suite and balcony - Horse stables - Creek running through property - 5 Acres 10 minutes to town - double story home
Scott Reading 0401 938 937
Scott Reading 0401 938 937
LD SO
LD
86111
SO
SO
LD
LISTINGS SOLD IN MAY
1279 Kyogle Road, Uki Anne Besgrove
24 Silkpod Avenue, Murwillumbah Scott Reading
02 6672 7828 sales@fnmurwillumbah.com.au
84937
527 Commissioners Creek Road, Commissioners Creek Anne Besgrove
Ocean Shores / Brunswick Heads / Murwillumbah Auction
17A Prince Street, Murwillumbah
3
Build Your Business Premises + Residence
1
Just Listed
Just Listed
1
For sale by Openn Negotiation (flexible conditions online auction). Whether you’re a property developer, business owner or an owner occupier, this rare property, Set just one block from the CBD, right in the thriving heart of Murwillumbah presents a golden opportunity for the savvy buyer. • Set one block from the CBD • The property is zoned Mixed Use • Set on a prime 595 square metre block of land • Commercial space with residence above (STCA).
View Sale
By Appointment Auction 1 Openn Negotiation
View
5 acres
Elizabeth Hickey
16 Wagawn Drive, Murwillumbah
2
2
With a picturesque outlook to nearby Mount Nullum, this immaculate, elevated contemporary home in Hundred Hills Estate offers you and your family a wonderful retreat. Sit back, relax and enjoy entertaining family and friends on the spacious shade-covered entertaining area. This a ractive six-year-old home offers all the comforts for easy living. Large open plan living, dining and kitchen plus media room, ideal for movie nights or as a kid’s play area. • Master bedroom offers an ensuite and WIR • Reverse cycle, split system A/C in media & living area • Established gardens with a ractive, easy care landscaping
View Saturday 9.30am-10.00am pool 0409 812 751229 Commissioners Creek Road, Commissioners Creek Sale Just listed Paradise Found - Private Acreage Retreat
elizabeth.hickey@murwillumbah.rh.com.au
Just Listed
4
Contemporary Family Lifestyle Home in Hundred Hills Estate
Jason Di mar 0477 222 452
jason.di mar@murwillumbah.rh.com.au
Just Listed
Contact Agent • • • • •
Sales Consultant 0 .rh.com.au
25 West End Street, Murwillumbah
Stylishly Renovated Character Home with Mt Warning Views
3
1
1
17 Coral Fern Circuit, Murwillumbah Vacant Land
You’ll be impressed by the welcoming ambience, stylish decor and views of Mt Warning on offer in this captivating home located just a 5 minute walk to the heart of Murwillumbah on a 765m2 block. Built in 1926, the home has been freshly renovated to highlight character features, including the original front door, timber floors and soaring ceilings. • Beautifully renovated central family bathroom with plenty of light • 3 metre/10ft ceilings throughout the home • Enclosed, covered front balcony with concertina shu ers • Fenced yard with back lane access
For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval. Get ready to secure one of the last remaining lots at “Riva Vue” Estate, located right in the centre of Murwillumbah, just two minutes’ drive to the town’s CBD. Whether you’re a first home builder or investor, you’ll love the sense of space and elevation this 805 square metre lot provides. With its expansive view of Mt Warning and the Tweed Caldera, the home of your dreams can become a reality.
View Sale
View Sale
By Appointment Contact Agent
Elizabeth Hickey 0409 812 229
elizabeth.hickey@murwillumbah.rh.com.au
By Appointment Just listed
Jason Di mar 0477 222 452
jason.di mar@murwillumbah.rh.com.au
Just Listed
Just Listed
nan
reet, urrin
3
9
View
Contact agent 19 McCallum Place, Dum Dum
Immaculate Acreage Retreat with Mt Warning Views
2
128 Riveroak Drive, Murwillumbah
3
Immaculate Lifestyle Home in Hundred Hills Estate
2
3
Perfectly positioned beneath the majestic beauty of Mount Warning, this exclusive rural retreat provides a relaxing, peaceful and picturesque haven from today’s fast-paced world. Extensive use of glass throughout the immaculate home perfectly showcases gorgeous views of Mount Warning (Wollumbin) • and Mount Nullum, the Tweed Valley and local countryside. • Master bedroom features a private balcony and ensuite plus built-in robes • • Seperate loung/living area/media room with library opening to a private deck Sales Consultant • 3.6Ha property with fully sealed driveway access • 0477 222 45 • Large shed with separate electricity
Set in a sensational, elevated position with gorgeous views to Mount Warning, this impeccable as-new home showcases low maintenance living at its very best. Why build or renovate when you can simply move into a property where all the hard work has been done for you? • Designer kitchen with Essastone benchtops and corner pantry • Three spacious bedrooms, complete with built-in robes, ceiling fans and plush carpet • Master bedroom featuring ensuite, walk-in robe and picturesque views • Easy care, tiled open plan living areas with air conditioning • Agent declares interest
View Sale
View Sale
Elizabeth Hickey
By Appointment 0409 812 229 Price Guide $1.2m -$1.3m elizabeth.hickey@murwillumbah.rh.com.au
By Appointment Just listed
Jason Di mar 0477 222 452
jason.di mar@murwillumbah.rh.com.au
(02)
rh.com.au/
86085
@
www.djstringer.com.au
It may be chilly outside but the housing market is still PIPING HOT! We are achieving record sale prices across the Southern Gold Coast & Northern NSW regions and urgently require more listings to suffice strong buyer demand!
2
% +GST
Your FREE customised marketing package includes; • • • • • • •
Professional photography Colour floorplan Photo signboard Colour brochures 60 day Premiere listing on www.realestate.com.au 60 day Platinum listing on www.domain.com.au Social media coverage
The market is at its peak, so to find out what your property is worth, please contact David Stringer today:
DAVID STRINGER 0418 150 731 david@djstringer.com.au
THE GO TO AGENCY FOR
RENTAL MANAGEMENT
DJ Stringer is one of the largest managers of investment property, servicing over 2,200 landlords & tenants, with a portfolio estimated at over half a billion dollars under management.
P LEASE CONTACT:
Rental prices have soared over the last 12mths & our vacancies are less than 1%. In fact, we have a large data base of tenants waiting to move in!
Tammy Stringer Office Manager 0418 778 426 tammy@djstringer.com.au
If you have an investment property that is vacant, underperforming or perhaps you are curious as to market rents, then you must speak with us today.
Terri Whitney Business Development 0491 644 897 terri@djstringer.com.au
WE A L SO O F F E R: •
A free Landlord Investment Advisory service for both QLD & NSW property owners
•
Complimentary management trial with us
•
Arrange an easy transition of management from a third party
•
Free rental valuations
FOR A CONFIDENTIA L CHAT TODAY
Tenneale Wallis Leasing Manager 0439 188 309 tenneale@djstringer.com.au
Simone Rowles
Kim Townsend
Susie Hine
Financial Administrator 07 5599 5222 simone@djstringer.com.au
Property Manager 0439 393 882 kim@djstringer.com.au
Property Manager 0409 666 973 susie.hine@djstringer.com.au
Leah Papworth
Samantha Morrison
Gianetta Cooper
Property Manager 0400 957 527 leah@djstringer.com.au
Property Manager 0436 123 755 samantha@djstringer.com.au
Property Manager 0407 462 802 gianetta@djstringer.com.au
Gareth Chow
Jennifer Daniells
Grace Tilley
Property Manager 0439 380 632 gareth@djstringer.com.au
Property Management Admin 07 5599 5222 jennifer@djstringer.com.au
Property Management Assistant 07 5599 5222 grace@djstringer.com.au 86084
Meet the rest of your Property Management Team
YOUR LOCAL VALUER
Now Undertaking Tax Deprecia�on Schedules
Cunningham Valuers & Property Advisers are a local, fully independent valuation firm based in Coolangatta.
Our experienced valuers live, work and play in the areas we service so their knowledge knows no bounds. We come up with the goods to enable you to make solid, informed decisions when re-financing, renovating, selling or buying properties.
COVERAGE AREAS: • • • • • • •
Tweed Shire Byron Bay Ballina Lismore Casino Mullumbimby Entire Gold Coast
Call 07 5534 4494
or jump onto cunninghamvaluers.com.au to see what services we can offer you!
Email admin@cunninghamvaluers.com.au Off ce Suite 2, 34-36 Griffith St, Coolangatta.
72906
Our aim is simple: to provide our clients with cost effective, thorough and detailed independent advice, rolled up with professional service and efficient turnaround times.
Coolangatta | Tweed Expressions of interest
6 Malua Terrace Bilambil Heights
4
2
3
2
6
Motivated Vendor looking for serious buyer – inspect NOW
View Open Home Saturday 5th June 11:00- 11:45am Agent Peter Walmsley 0412 763 000
AUCTION
34 Thomson St Tweed Heads
3
Invest, develop or renovate. Extensive interest already.
Auction Saturday 19th June 10:00am View Open Home Saturday 5th June 10:00 – 10:30am Open Home Saturday 19th June 9:00 – 9:45am Agent Peter Walmsley 0412 763 000
Peter & Belinda Walmsley The dynamic Father and Daughter team committed to making exceptionally happy vendors and purchasers in the Tweed Valley.
LOOKING TO SELL?
Peter and Belinda have a large list of local and interstate buyers who are looking for property in this area. Our recent record sales have meant many buyers have missed out. Your property could be exactly what they are looking for!
CALL TODAY ...
Peter and Belinda Walmsley are your ‘go to’ dynamic team for selling property in the beautiful Tweed Valley.
Belinda Walmsley &
0413 993 040
Peter Walmsley
0412 763 000
86086
e: peter@ljhookerct.com.au coolangattatweed.ljhookerct.com.au
86103
want a career in real estate?