Tweed named real estate jewel
TWEED has been named a real estate rose among thorns.
This news comes after Byron Bay and the Gold Coast were both included in property analyst Terry Ryder's annual “No Go Zone” list which names 10 places investors shouldn't venture in Australia.
Mr Ryder, a specialist property writer, is the author of four books about real estate and compiles the list each year for his website.
For inclusion on the list, Byron Bay and the Gold Cost were named as areas that reflect overheated prices, volatility, oversupply, lack of affordability and poor track record, as well as wider issues such as pollution, noise and environmental concerns.
Principal of North Estate Agents Mark Humphries said having areas on either side of Tweed named on the “No Go Zone” list does not affect the region's real estate opportunities.
“The Tweed Coast is a very in-demand area, and Banora Point is a hub of resources,” Mr Humphries said.
“Buying real estate in Tweed is a good investment; it attracts population growth, with the green areas and pristine beaches encouraging families to buy here.
“Being in between two areas like this does not diminish the real estate opportunities; instead it enhances the area and gives us an individual feel.”
Mr Humphries said people are choosing to buy real estate on the Tweed rather than in the Gold Coast area.
“People are always saying they don't want to live on the Gold Coast, but this is not a negative comment on the Gold Coast, people just want to live in Tweed,” Mr Humphries said.
“People move here not just for the beaches but for nature; they come for a tree-change.
“The patterns of real estate are changing, but it is not uncommon for a poor real estate area to be side-by-side with a good one. It's all about supply and demand.”
Mr Humphries said the availability of real estate on the Tweed is the key to its success.
“The Gold Coast has less land than Tweed. It's all about availability, and that is what puts us ahead.”
Tweed Shire Council Mayor Warren Polglase does not agree that Tweed is sandwiched between two poor real estate areas, and said negativity does not help the region.
“I don't like the negativity about Byron Bay and the Gold Coast; both are good places,” Cr Polglase said.
“Having Byron Bay, Tweed and the Gold Coast together is a positive thing. Each of these places complements each other.”
Mr Polglase said that Tweed is a great place to purchase real estate.
“We've got open space, water and a well-planned area,” he said.
“People are attracted by the lifestyle.”
The “No Go Zone” list spans regions across New South Wales, Queensland, Victoria, Western Australia and Tasmania.
Regions on the list include Mount Isa in Queensland, Kalgoorlie in Western Australia, the Roseberry/Zeehan area in Tasmania and the Sunshine Coast.