If there’s one thing potential treechangers worry about, it’s access to all the things they love. But ‘Sedona’ on the NSW far north coast really does have everything – including its own airstrip for a quick commute to the big smoke.
Located at Nobbys Creek, the 47ha property includes a recently completed single storey luxury home and separate guest house with five bedrooms, three bathrooms and four car spaces. Ideal for families looking for a complete change for the kids or empty nesters with visiting grandchildren, it enjoys incredible views of Mount Warning and the Border Ranges.
The architect-designed house has been designed for all seasons, with underfloor heating, eco glass and stacker doors for maximum indoor/outdoor flow as well as rainwater tanks with a 380,000L capacity. Luxury finishes include an electric gated entry, Siemens appliances and fully equipped entertaining area.
While it is just 5km from Murwillumbah town centre, the property has a 1km sealed airstrip, plus a hangar with room for seven aircraft.
Those with farming aspirations will appreciate that the property is prime pastoral flood-free land with rainforest and creek frontage.
Address: 401 Nobbys Creek Road, Nobbys Creek
Price guide: For sale – Guide $10 million
Agent: McGrath Tweed Heads – Jason Monk, 0416 26 36 46
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
RMIT expert says a conflation of factors is making the property market hard than ever to predict
A leading property academic has described navigating the current Australian housing market ‘like steering a ship through a thick fog while trying to avoid obstacles’.
Lecturer in RMIT’s School of Property Construction and Project Management Dr Woon-Weng Wong said the combination of consecutive interest rate rises aimed at combating high inflation, higher property prices during the pandemic and cost of living pressures such as the end of the fuel excise that occurred this week made it increasingly difficult for those looking to enter or upgrade to find the right path.
“Property prices grew by approximately 25 percent over the pandemic so it’s unsurprising that much of that growth ultimately proved unsustainable and the market is now correcting itself,” Dr Wong says. “Despite the recent softening, the market is still significantly above its long-term trend and there are substantial headwinds in the coming months. Headline inflation is still red hot, and the central bank won’t back down until it reins in these spiralling prices.”
This should be enough to give anyone considering entering the market pause, he says.
“While falling house prices may seem like an ideal situation for those looking to buy, once the high interest rates, taxes and other expenses are considered, the true costs of owning the property are much higher,” Dr Wong says.
“People also must consider time lags in the rate hikes, which many are yet to feel to brunt of. It can take anywhere from 6 to 24 months before an initial change in interest rates eventually flows on to the rest of the economy, so current mortgage holders and prospective home buyers need to take this into account.”