Tweed Heads?

[Shelly]

Hi All,
I was having a look online on one of the real estate sites for properties in the Tweed Heads area.
I noticed that there appears to be a lot for sale.
I also noticed that some houses and units seemed to be rather good value
considering recent price increases.One area in particular is Banora
Point.
I realise that Tweed is a big retirement area so I was wondering how this might impact on investments.
With all that choice I'm not sure I would like to be selling a place there at the moment.
Does anyone own IP's in this area?
Another area I'm interested in is Cabarita?
Cheers Shelly

[Fester]

Hi Shelly. I have been interested in the Tweed area for awhile but have never ventured there yet! I see in this mornings Gold Coast Bulletin that Greg Norman's Great White Shark Enterprises and the Macquarie Bank are exploring a resort on 250ha of prime Tweed Coast land.
"The project is understood to include a golf course, residential and resort accommodation, marina and, possibly, other recreational facilities. The land is zoned as environmental, but a golf course could still be built without any rezoning".


The Fester

[Ian D]

Hi,

Am Resident GC Hinterland.

Somewhere during the past week I also heard that Villa World is about to announce a new land release/development in Tweed Area. Wish I could remember who told me that!

A personal contact has just done a Land dev. deal for a housing - unit - resort down that way as well so would appear a fair amount is happening.

Banora Point has a growing number of young families, tidy area, current building activity. I dont know much more about it at this time.

Ian D

[BUNDY]

I think you are onto something with Tweed, Cabarita. If you can find a good property fairly close to the beach or water, snap it up. I have bought an investment property at Bilinga and also at Coolangatta and have had my prices doubled in 12mths.

There is tremendous develoment scheduled and approved within the next 18mths. BlueC Highrise at Coolangatta, redevelopment of the old Kirra Hotel, Casuarina, Salt. There are still some good opportunities in Coolangatta and Kirra if you hunt around and remember do you research.

DO NOT LISTEN TO THE REAL ESTATE AGENTS IN THESE AREAS.

They are generally likes sharks, have no idea and lie like the proverbial. Do you market research and when you are really keen on a place and think it stacks up get a valuer in. All the old fibro houses are being snapped up, knocked down and new villas and unit developments are being built. Kingscliff has already exploded abd the development the is amazing.

P.S - Don't tell anyone, otherwise it will BOOM and we'll miss out!

BUNDY:)

[Bulldog]

Yes I agree - Tweed Heads is an excellent choice. Know someone who purchased a block with water views in 1997 for $70K built for $100K and sold in Oct 2002 for $330K+. It has since grown to around $370K ish since then. Amazing growth in Banora Point of around 30% in some of the new developments - also believe buying from the plan here is very profitable at the moment due to the demand. Flame Tree Park I think it is called.

hope this helps.

[bbruham]

G'day Bundy,

I'm at Byron Bay, working my way up the coast, looking to see whats what. So far there's no way of buying property that will return you a reasonable rate.
On the telly there's this "yank "who is pushing a new hotel resort complex at Kingscliff. Giving everyone a chance to buy OTP.
Prices start at $260,000. That's for the studio apt. Average price is around $360,000.
I'll be in QLD next week.

Bruce G.
Byron Bay