Real Estate THURSDAY, JULY 1, 2020 FROM COAST TO
COUNTRY
WWW.TWEEDVALLEYWEEKLY.NET.AU
Coastal property sales and rental snapshot By Jo Kennett
WITH HOUSING and rental
prices exploding on the Tweed Coast, The Weekly has looked at a snapshot of properties available for rent and sale on real.estate.com and also at average prices over the past year using data from Hometrack Australia and real.estate.com. The data for the previous year’s sales from Hometrack Australia dates from December 2019 to December 2020, so it includes at least six months when property wasn’t as in demand as it has been recently.
Bogangar
The average property prices over the last year ranged from $912,500 for houses to $565,000 for units. Houses in Bogangar were receiving rents of $580 per week on average, with an annual rental yield of 3.3 per cent. Bogangar units were rented out for an average of $425 per week, with a rental yield of 3.9 per cent. Based on data from the past five years of sales, Bogangar has seen a compound growth rate of 10.7 per cent for houses and 10.5 per cent for units. Bogangar had four properties available for rent and seven properties for sale on Friday, January 29.
Sales
There were only two properties for sale at Bogangar, with no price on one, though it was expected to net over $1 million, and the other a
studio unit for sale, with conditions, at $195,000.
Rentals
There were some hefty price tags for rentals in Bogangar, with a fourbedroom, three-bath house near the beach for rent for $1,600 a week. A four-bedroom home with a pool in Grevillea Street was listed for $1,450. A four-bedroom home with a pool in Ti Tree Avenue was listed for $1,150 a week. A three bedder with a pool in Hastings Road was up for $900 a week. There was also a threebedroom home listed for $550.
Kingscliff
The average property prices over the past year ranged from $1,250,000 for houses to $625,000 for units. Houses in Kingscliff rented out for $720 a week on average, with an annual rental yield of 3 per cent. Units rented for $500 on average, with a rental yield of 4.2 per cent. Based on data from the previous five years of sales, Kingscliff houses have seen a compound growth rate of 10.8 per cent and units have achieved a growth rate of 8 per cent. Kingscliff had 12 properties available for rent and 34 properties for sale on Friday, January 29.
Sales
A four-bedroom three-bathroom beachfront home (with no sea views) at Salt was listed for $4,250,000.
Open homes
By Jonathon Howard
THIS WEEK we catch up with top local agent and
Kingscliff’s average house price is now more than $1.2 million
A three-bedroom, two-bathroom unit overlooking the creek and ocean at Kingscliff was listed for $1,695,000 to $1,795,000. A two-bedroom, two-bathroom unit at Peppers Bale Resort with a pool view was under offer and listed for $850,000 to $890,000 A two-bedroom one-bathroom unit on Marine Parade in Kingscliff has been snapped up and was under offer for $799,000. A two-bedroom, two-bathroom unit at Peppers Bale Resort was listed for $795,000. A three-bedroom unit in the Paradiso building had a $750,000$795,000 price listing.
Rentals
A three-bedroom home on Marine Parade with ocean views was listed for $1,950 per week. A three-bedroom “luxury” townhouse was up for $850 per week and a two-bedroom unit on sought-after Moss Street with creek views was up for $460 per week. REPORT CONTINUES IN NEXT WEEK’S EDITION...
29 Tumbulgum Road Murwillumbah, 10am-10.30am 64 Ann Street, Mullumbimby, 10am-11am 10B Whitton Place, Ocean Shores, 10.30am-11.30am *All open homes are listed in NSW time Panorama Estate, 2981 Kyogle Road, Kunghur, 11am-2pm 4 Napelle Court, Ocean Shores, 12pm-1pm Friday, February 5 Raine & Horne Ocean Shores/Brunswick Heads/ 37 Warwick Park Road, Sleepy Hollow, 2pm-2.30pm DJ Stringer Property Services - Coolangatta: Murwillumbah: 72 Currumbin Chase, Currumbin, 9:30am-10:30am* Panorama Estate, 2981 Kyogle Road, Kunghur, 9am-11am 4/2 Gibson Street, Bilinga, 11am-11:30am* Saturday, February 6 Raine & Horne Ocean Shores/Brunswick Heads/ 30/23 Garrick Street, Coolangatta, 11am-11.30am* 602/46 Pacific Parade, Bilinga, 12pm-12.30pm* Murwillumbah: 111 Silkwood Terrace, Tweed Heads West, 9amT&T_SONDO_R&H_STRIP_260x90mm_FA.pdf 1 19/1/21 1:03 am7/311 Golden Four Drive, Bilinga, 1pm-1.30pm* 9.30am 9/83 Gollan Drive ‘Seagulls’, Tweed Heads West, 11am-
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Tweed market is running hot!
First National Real Estate Murwillumbah principal Scott Reading to get his take on the Tweed Shire market that continues to boom. Mr Reading said the current outlook for the Northern Rivers real estate market is on an “upward trend” with no signs of slowing down. “The current market is on a strong upward trend with very high buyer and renter demand,” he said. “With the high demand of buyers and renters, we are seeing prices being pushed upwards and it looks like this will continue for some time.” Mr Reading said it was “definitely a sellers’ market” with listings attracting dozens of potential buyers. “Yes, it’s a seller’s market, the listings are already in high demand, with a number of our recent properties having large numbers of people through the first open homes and multiple offers above asking price being put forward on properties,” he said. He also provided some timely advice for anyone looking to buy. “They need to have pre-approval for finance organised before they put an offer on a property, they should also work on having a deposit of 10 per cent,” he said. “Try making sure you attend the first open home so that you do not miss out, register your details on each agent’s database so you are informed of any new properties coming to the market.” The outlook for 2021 is looking “promising” Mr Reading said, especially for anyone considering selling. “The year looks promising for our area, if you are considering selling, now is the ideal time, as prices are being pushed higher than ever before,” he said. “Plus, with COVID-19 still prevalent, I believe the market will continue to rise as people look to escape the city life and the Tweed Valley is a beautiful area, close to many amenities with the potential for growth.”
11.30am 82 Lakeview Terrace, Bilambil Heights, 12pm-12.30pm First National Murwillumbah: 95 Starlight Way, Pumpenbil, 12pm-12.45pm 87 Starlight Way, Pumpenbil, 1pm-1.30pm Schmith Estate Agents: 6/13 Cabernet Court Tweed Heads South, 10.30am-11am 5 Dundee Drive, Banora Point, 11.30am-12pm Northern Rivers Property Group: 29 Queen Street, Murwillumbah, 10.30am-11.30am Raine & Horne Banora Point: 6 Carrington Court, Terranora, 12pm-12.30pm 386 Terranora Road, Terranora, 2pm-2.30pm
TWEED HEADS SOUTH
2
1
6/13 Cabernet Court
1 $429,000
FREESTANDING DETACHED SINGLE LEVEL VILLA Two spacious bedrooms with built-in robes and ceilings fans Noticeable natural breezes throughout Air-conditioned open plan living area flows to outdoor entertaining Large bathroom with separate toilet Undercover private alfresco and gardens with side access gate Single remote garage with potential internal access
TWEED HEADS
JUSTIN SCHMITH 0422 051 505
4
4/3 Boundary Lane
3
2
CONTACT AGENT
TWO PENTHOUSES IN ONE – RAINBOW BAY / DURANBAH Four large bedrooms, three bathrooms, powder and media room Master suite with walk-in robe, large ensuite and balcony Dual living spaces over three floors accessed by lift Ocean views from all six balconies, designed to take in views Full building security with key fob entry and camera intercom Significant rental returns and income
BANORA POINT
JUSTIN SCHMITH 0422 051 505
5
3
5 Dundee Drive
2 FOR SALE
LARGE ELEVATED ENTERTAINER WITH EPIC VIEWS Four bedrooms upstairs, three living areas and three bathrooms Large master bedroom with walk-in robe and ensuite Outdoor covered entertaining area and in-ground saltwater pool Newly renovated kitchen features quality appliances and storage Security system (capacity for base to base station) and intercom Side access for possible dual living or work from home configuration
BANORA POINT
JUSTIN SCHMITH 0422 051 505
4
2
28 Honeymyrtle Drive
2 FOR SALE
ELEVATED AND SPACIOUS ENTERTAINER WITH VIEWS
COMING SOON...
Elevated single level entertainer on a massive 1,039m² block Separate living spaces and centralized modern kitchen Expansive outdoor entertaining and in-ground swimming pool Private and secure, backing onto a nature reserve Double automated garage and plenty of parking for visitors An impressive family residence not to be missed
TC A RE RT N D N OC U
COOLANGATTA
JENNIFER STANLEY 0433 868 610
2
9/30 Powell Crescent
1
1
$555,000 - $595,000
NORTH FACING WITH OCEAN VIEWS Two decent size bedrooms, the master with ocean views Private balcony; perfect position for BBQ or to watch the sunset Galley style kitchen with electric oven, dishwasher & laundry Retro bathroom in sound condition with separate powder room Single car space conveniently located under the building Low Body Corporate $66 approx. per week
JUSTIN SCHMITH 0422 051 505
PHONE: (07) 5607 4156
schmith.com.au
COOLANGATTA Shop 10/120 Marine Parade
85405
CONTACT US TODAY TO JOIN OUR EXCLUSIVE DATABASE FOR OFF-MARKET PROPERTIES
1
19/1/21
1:11 am
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T&T_SONDO_R&H_FULL PAGE_mur_260x380mm_FA.pdf
New Properties For Sale in January 2
2
4
1
1
CONDONG 16 Colonial Drv
3
2
2
WHAT DREAMS ARE MADE OF!
INNER TOWN LOCATION
- Magical 80.73 ha *200 acre approx. lifestyle property! - Rolling hills, clear open flats and pastures - An abundance of water with creeks and swimming holes - Presently running cattle - Unique architecturally designed solar powered Mudbrick home - Set under the Doughboy Mountain - Borders National Park - Once you see it, you won’t want to leave it!
- Lowset 4BR home - High ceilings and original features - Spacious kitchen/dining leading to living room plus sunroom - Bathroom - enclosed shower, bath and vanity separate toilet - Good sized 734 sq m block - plenty of room for backyard veggie gardens - Detached garage/shed
UNWIND ON YOUR DECK WITH SPECTACULAR VIEWS
SO LD
U O ND FF ER ER
3
MURWILLUMBAH 12 Charles St
UN O D FF ER ER
DOON DOON 108 Costellos Rd
Anne Besgrove 0402 608 503
- Mountain views. - Fishing and Boating river across the road - 3 bed 2 bathroom plus sunroom, downstairs bar and living area. - Renovated kitchen and bathroom - Large covered deck
Helen Flynn 0435 810 254
Scott Reading 0401 938 937
3 Frances St, Murwillumbah Anne Besgrove – 0402 608 503
108 Costellos Road, Doon Doon Anne Besgrove – 0402 608 503
17 Baker Street, Murwillumbah Helen Flynn - 0435 810 254
12 Park Avenue, Bray Park Helen Flynn - 0435 810 254
77 Byangum Road, Murwillumbah Helen Flynn - 0435 810 254
5 Gloucester Street Helen Flynn - 0435 810 254
02 6672 7828 sales@fnmurwillumbah.com.au
85403
SOLD in JANUARY
85343
The home of real estate
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www.djstringer.com.au | 07 5599 5222 | 76 Griffith Street Coolangatta QLD
RESIDENTIAL SALES TEAM David Stringer
Leisa Thorley
Deborah Bingle
Gail Bohringer
Principal 0418 150 731 david@djstringer.com.au
EA to David Stringer 0448 296 403 leisa@djstringer.com.au
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Kellie Douty
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Simone Rowles
Terri Whitney
Tenneale Wallis
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Financial Administrator 07 5599 5222 simone@djstringer.com.au
Business Development 0491 644 897 terri@djstringer.com.au
Leasing Manager 0439 188 309 tenneale@djstringer.com.au
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Susie Hine
Gianetta Cooper
Samantha Morrison
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Property Manager 0436 123 755 samantha@djstringer.com.au
Gareth Chow
Leah Papworth
Jennifer Daniells
Grace Tilley
Property Manager 0439 380 632 gareth@djstringer.com.au
Property Manager 0400 957 527 leah@djstringer.com.au
Property Management Admin 07 5599 5222 jennifer@djstringer.com.au
PM Assistant 07 5599 5222 grace@djstringer.com.au
COMMERCIAL SALES & LEASING TEAM Peter Antony
Greg Cook
Senior Commercial Broker 0417 694 034 peter@djstringer.com.au
Commercial Property Manager 0414 134 555 greg@djstringer.com.au
G O L D C O A S T H O L I D AY H O M E S T E A M Courtney Hartley
Andrea Thomas
Mary Watkins
Rae Kearney
Portfolio Manager 07 5599 2700
Holiday Consultant 07 5599 2700
Holiday Consultant 07 5599 2700
Holiday Consultant 07 5599 2700
Dana Paton
Liz Colwell
Morgan Schintler
Holiday Consultant 07 5599 2700
Holiday Consultant 07 5599 2700
Holiday Consultant 07 5599 2700
courtney@goldcoastholidayhomes.com.au
dana@goldcoastholidayhomes.com.au
andrea@goldcoastholidayhomes.com.au
liz@goldcoastholidayhomes.com.au
mary@goldcoastholidayhomes.com.au
rae@goldcoastholidayhomes.com.au
morgan@goldcoastholidayhomes.com.au
When you see a good move, look for a better one. - Emanuel Lasker, World Chess Champion
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88 Botanical Circuit, Banora Point
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R O C E R T STREE
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E R T E E STR
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There has never been a be er time to sell! The market is changing and we have had to adapt and change with it. With our local knowledge, expert advice and tailored marketing strategy to suit your needs and budget, we work with you to get the best outcome. For all your real estate needs contact Tate and the experienced team at Raine & Horne Banora Point
Theres no place like home
Corey Moret. 0435 986 161
Tate Brownlee. 0401 176 633
Raine”Horne Banora Point
72688
#tatebrownleeteam rh.com.au/banorapoint
07 5513 0300 2/34 Oyster Point Road, Banora Point