Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
City slickers want lifestyle change in the Tweed
Unit prices set to skyrocket
By Jonathon Howard
By Jo Kennett
ONE-IN-FIVE CITY residents are looking to move to regional areas such as the Tweed Shire, according to the Regional Australia Institute (RAI), with more than half wanting to make the jump within the next 12 months. That’s more than one million people from Sydney alone seeking a new life and connection to nature in regional NSW, including the Tweed Coast as a hotspot. RAI CEO Liz Ritchie said metro movers are looking for more space, to be better connected to the natural environment, and they want a more relaxed lifestyle. “What’s really interesting about the survey we had commissioned is that the appeal of regional Australia is a stronger motivation to move than any dissatisfaction with city life,” Ms Ritchie said. “Brisbane respondents came in as the most stressed in the country, followed by Sydney-siders and then those in Melbourne. “More than 69 percent of all those surveyed said reducing general stress and anxiety is a major driver for considering a life outside our capital cities.” When asked about the reasons for considering a move, 70 per cent rated traffic congestion as a major factor and 68 per cent want to reduce their cost of living. But it’s the positives of life outside the city limits which resonate even more, with 77 per cent of potential
UNITS PRICES on the Tweed Coast have experienced some of the highest increases in value in NSW, according to recent data from REA Insights. Casuarina units had the fifth highest growth in the state, with median sale prices for the past 12 months to the end of January this year rising by 19.2 per cent compared to 12 months prior. The median price for Casuarina units at the end of January was is $630,000. Casuarina units rented for $485 per week on average over that time, with a rental yield of four per cent. Tweed Heads units were also on the up, with the median price up 18.9 per cent over the last year to January. Kingscliff units came in at number ten on the list for the most growth in value over those 12 months, rising 15.9 per cent. The median price for a Kingscliff unit last year was $663,000, with units renting on average $505 per week with a rental yield of four per cent. The median price for a Tweed Heads unit was $545,000 last year. Up to the end of January, units were renting on average for $430 per week with a rental yield of 4.1 per cent.
escapees ticking both space and connection to nature as reasons to shift. The improved general well-being that regional life offers is a major drawcard for three-quarters of those surveyed. While the COVID pandemic has significantly raised the desire to move to regional Australia for 22 percent of survey respondents, more than half said they were already considering relocation before the pandemic. The RAI commissioned qualitative and quantitative research among more than 1,000 people in Sydney, Brisbane, Melbourne and Perth who were considering moving to Regional Australia. The research was carried out in November and December 2020. Larger coastal centres were the most popular locations for potential metro movers, but when it came to smaller areas, inland towns held their own against those on the coast, with about one third of respondents indicating an interest in both.
Open homes
“Concern about limited job opportunities was identified by respondents as the biggest barrier to moving to regional Australia, even though the latest job vacancy figures show there are more than 54,000 roles available in regional Australia, with professional and skilled jobs featuring strongly across the regions,” Ms Ritchie said. “Our research underpins a multimillion dollar, multi-platform national awareness campaign that the RAI will launch next month at its National Summit in Canberra. It will inform potential movers about the great opportunities to live, work and invest in regional Australia. “We are very excited to be unveiling this campaign, developed in conjunction with communications agency Redhanded, and look forward to seeing many regional stakeholders there on March 17-18.” For more information about the Summit, go to www.regionsrising. regionalaustralia.org.au/ summit-2021
Units across the Tweed Shire are beginning to take off again
37 Warwick Park Road, Sleepy Hollow, 9.30am-10am
4/10 Mugga Way, Tweed Heads, 11am-11.30am
14 King Street, Mullumbimby, 10am-11am 7 Bulgoon Crescent, Ocean Shores, 10.30am-11.30am
30/23 Garrick Street, Coolangatta, 11am-11.30am* Schmith Estate Agents:
Friday, February 26
11 Regency Crescent, Goonellabah, 11am-11.30am
306/11 Enid Street, Tweed Heads 10am-10:30am
Raine & Horne Ocean Shores/Brunswick Heads/
10B Whitton Place, Ocean Shores, 11am-11.30am
1/603-615 Casuarina Way, Casuarina 10am-10:30am
Murwillumbah:
Panorama Estate, 2981 Kyogle Road, Kunghur, 10am-2pm
Panorama Estate, 2981 Kyogle Road, Kunghur, 9am-11am
DJ Stringer Property Services - Coolangatta:
59 Pinnacle Drive, Wongawallan, 12:30pm-1pm* Raine & Horne Banora Point:
Saturday, February 27
48/7 Island Drive, Tweed Heads, 10am-10.30am
1/31 Bimbadeen Avenue, Banora Point, 9.30am-10am
Raine & Horne Ocean Shores/Brunswick Heads/
2021/14-22 Stuart Street, Tweed Heads, 10am-10.30am
33 Hibiscus Parade, Banora Point, 10am-10.30am
Murwillumbah:
2/24 Dutton Street, Coolangatta, 12pm-12.30pm*
386 Terranora Road, Terranora, 2pm-2:30pm
*All open homes are listed in NSW time
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Ocean Shores 02 6680 5000
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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