$2.2MIL FOR FINGAL SHACK
By LEONIE BRANN
HUMBLE Fingal Head is the Tweed Coast's latest boom town, with several million-dollar properties listed for sale since the start of the year.
A simple fibro beach shack is the most recent listing at $2.2 million, while two other properties are expected to fetch about $1.6 million each.
The big price tag for the fibro beach house at the end of Lagoon Road sets a new benchmark for property in the sleepy village, according to agent Larry Collier.
The last sale record set in Fingal Head was in 2004, with the $1.75 million sale of a large family home in Queen Street.
Mr Collier said the Lagoon Road property had direct, private access to Dreamtime Beach and views of Wommin Lake and had already attracted the interest of top-end buyers.
The Kingscliff First National agent said two other properties he had
listed, also with direct access to Dreamtime Beach, one in Dune Street and another in Lagoon Road, were likely to sell for about $1.6 million.
"I think Lagoon Road has the potential to be the Hedges Road of the Tweed Coast," Mr Collier said, comparing the quiet street to the busy "millionaires row" in Mermaid Beach on the Gold Coast.
"Not many properties on the Tweed Coast have direct beach access like here in Fingal."
Surrounded by national park, Fingal Head is becoming a major drawcard for property buyers with big purses, Mr Collier said.
"Because of the national park there can only ever be 290 homes in Fingal, and there will never be any more land released.
"This adds to the appeal of Fingal, because buyers know it is never going to get any bigger, and will keep its charm."
Buyers from the well-heeled areas on the Gold Coast like the Sovereign Islands and Hope Island, as well as people from Brisbane have been interested in the three beachfront properties, he said.
Paul Quarmby, from the Professionals Cool-angatta and Tweed Heads, has sold real estate in Fingal Head for five years, and agreed there had been a boom in interest in local property since January.
"I just sold a house in Letitia Road for $700,000, which is the first house that sold in that street in the last four years," he said.