Equity makes home buying easier
TWEED house hunters with real estate history are the winners in the current property market.
Rainbow Bay Realty Coolangatta property consultant Ben Gazal said the unit market was strong.
“The property market is leaning more towards people who have built up equity,” Mr Gazal said.
“That is, people who are looking to sell their family home and downsize to a unit.”
Mr Gazal said Tweed first-time home-buyers may have more trouble in the quest to buy their dream home.
“First-time home-buyers struggle to get finance,” Mr Gazal said.
“There is still affordable housing in the Tweed, and the more affordable areas in town are proving to be the most popular.”
There is also a growing trend of buyers who are snapping up beachfront property in Tweed, with the intention of making the move later in life.
Brisbane couple Malcolm Try and Lynne Bowe are part of this trend, buying an apartment at Tweed Coast development Cotton Beach.
“We have travelled around Australia extensively and have always kept an eye out for the place where we would like to live,” Mr Try said.
“We thought north of Byron Bay and south of Tweed Heads would be ideal, so when we came across Cotton Beach it ticked all the boxes for us.”
Mr Try said the amenities along the Tweed Coast strip were unparalleled.
“Along with the facilities at Cotton Beach and Casuarina, Salt Village and Kingscliff town centre are just up the road,” Mr Try said.
“The market is leaning towards people who have built up equity”