The Tura Beach real estate market has for an extended period of time now been the mover and shaker of the Merimbula region. While, on average, not recording the level of prices that property in Merimbula and Pambula Beach attract, the Tura Beach real estate market has been a steady bread and butter market. Many of the houses in the original area of Tura Beach are priced well and are suitable for the first home owner or for investment purposes. The houses provide an ideal entry level for those first coming in to the market. While being well priced the properties offer further potential if home owners are seeking to improve and update without over capitalisation.
Houses in Tura Beach offer a sound investment prospect with good quality three bedroom houses having a strong demand from prospective tenants. Rental houses in Tura achieve good rental returns and if property is bought wisely can be a low maintenance and effective property investment.
The newer development areas of Tura Beach including Dolphin Cove, The Point and Wallaby Way attract buyers seeking high end properties. These areas have modern, quality houses constructed with the spectacular ocean views in mind. Houses in these areas tend to be priced at the top end of the market.
General trends in the local market have seen a slow down in sale of properties priced at the high end of the market. These properties, generally priced over $600,000, tend to sit on the market for a little longer than the average selling time whereas properties priced between $350,000 and $450,000 are still moving well. Sellers in this end of the market, if property is priced well and is of a quality standard, should expect to attract plenty of buyers and a quick turnover.
The market in Tura Beach is far from crashing however could not be said to be booming either. As in any market, if the property is priced accurately and presented well then it will sell. In tighter markets getting this correct at the beginning is vital. Once the property is launched onto the market, if it is not priced correctly then it will languish. The longer the property sits on the market the more difficult it becomes to sell.The property slides down in priority on websites and loses visibility. Buyers are also very savvy and fast become aware when a property has been on the market for an extended period. Buyers view this as an opportunity to bargain and sellers may not like the offers they receive!
Crash? No. Boom? No. Price your property right and it will sell. There are plenty of buyers looking for good value property. For a free appraisal and advice on the best way to market your property please contact one of the Fisk & Nagle First Choice Real Estate sales staff. More information on the Fisk & Nagle difference is available on our website. For advice and information on selling your property please visit the selling tab. Here you will find helpful selling tips, past sales, our guarantee and info on the FNFC difference.
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