Home buyers go green and snatch up rural land over city
FORGET the city, property sales on the Tweed are distinctly green of late.
Tweed and Coolangatta real estate agents report a big increase in sales of rural properties, particularly those with acreage.
"They represent great value at the moment. It's a fantastic buyer's market," Professionals Tweed Coolangatta director Tony Parsons said.
"The properties we've sold have had acreage behind them. It's not just a lifestyle change, potentially they could be farms for an income too."
DJ Stringer Property Services principal David Stringer agreed, saying buyers from Sydney and Melbourne escaping the big smoke were fuelling the trend.
"There has been a notable trend away from seaside living and towards the acreage lifestyle. Buyers are seeing the value in owning sprawling properties in locations such as Tallebudgera and Currumbin, located just a short drive from built-up areas," Mr Stringer said.
LJ Hooker Coolangatta Tweed licensee Peter Walmsley said he had received a noticeable increase in inquires about rural properties compared with this time last year.
"There seems to be a lot of people looking for rural properties under $700,000. But in the higher priced properties there's some great value," he said.
The Tweed's weather and diverse environments were also contributing to the trend, Mr Stringer said.
"We get a lot of people who want a lifestyle property with acreage, but still want to be close to a major metropolitan area and beaches. The Gold Coast and Tweed hinterland regions represent some of the best opportunities to live that kind of lifestyle."