Discover Why Terranora Real Estate is Captivating Buyers in 2024

There’s no escaping the fact that house prices have reached record heights in recent years, but did you know that one of the top regional suburbs for price growth is right on your doorstep?

Terranora has rapidly become a real estate hot spot driven by buyer spillover from other in-demand areas.

Where is Terranora and What Makes it So Special?

Proximity Located on the border of NSW and QLD, Terranora is ideally positioned between the stunning beaches of the Gold Coast and Tweed Coast and the serene nature surrounds of the Hinterland and Tweed Valley. Just a ten-minute drive can take you to these idyllic spots, and being close to the growing business hub of the Gold Coast means residents enjoy ample employment opportunities and convenient commute times.

Local Facilities Most properties in Terranora are within walking distance of the Pavilions Shopping Village, which offers local eateries and a variety of shops. Essential amenities such as IGA, Coles, and Woolworths are all within 5kms. Additionally, Terranora boasts:

• Four public schools within a 5km radius
• 14-minute drive to both Southern Gold Coast and Northern NSW beaches
• 14-minute drive to Gold Coast Airport

The Outlook Terranora not only stands out in terms of property prices but also in elevation, providing stunning views of the Gold Coast and Tweed Coast from many properties. Many houses feature ocean or forest views, and some even offer both, especially those located on the ridge.

Local Schooling Terranora offers excellent schooling opportunities, with the local Lindisfarne Anglican Grammar School expanding rapidly. This prestigious school runs from Prep to Year 12 and is highly regarded, attracting many potential buyers who often have their children enrolled before house hunting in the area.

Large Properties Properties in Terranora typically offer more space compared to neighboring suburbs. Situated on larger blocks, including acreage parcels, these properties appeal to buyers moving from big cities or beachside locations who appreciate the extra room and have the budget for it.

The Numbers Speak for Themselves

According to realestate.com, Terranora experienced a growth of 4.2% in the past 12 months for the median house price, which is now $1,230,000. The rental market has seen activity with four properties available for rent and 19 properties for sale last month. Houses in Terranora rent out for an average of $870 per week, providing an annual rental yield of 4.1%. Additionally, Terranora has seen an annual compound growth rate of 4.2% for houses.

Despite recent land releases, properties in newer estates are fetching premium prices compared to similar blocks on the Gold Coast.

Recent notable sales by Tate Brownlee Real Estate include:

• 11 Trutes Terrace, Terranora sold for $2,250,000
• 623 Terranora Road, Terranora sold for $1,695,000
• 40 Henry Lawson Drive, Terranora sold for $1,193,000
• 58 Parkes Lane, Terranora sold for $1,510,000

Who is Buying in Terranora?

City Escapees The pandemic has accelerated the trend of city dwellers, particularly from Sydney and Melbourne, seeking refuge in regional areas. Terranora’s appeal lies in its blend of beach and forest lifestyles, coupled with the ability to work remotely, making it an ideal location for young professionals and families.

Holiday Home Buyers With international travel restricted, many are investing in domestic holiday homes. As Byron Bay’s market reaches saturation, buyers are discovering the value and appeal of Terranora.

Young Families Once seen as a retirement destination, Terranora is now attracting young families and first-home buyers seeking more affordable housing. Local buyers are also cashing in on their beachfront properties to upgrade to more spacious homes in Terranora.

What’s Next for Terranora Real Estate?

The demand for property in Terranora remains high due to its attractive lifestyle offerings and proximity to major job hubs like the Gold Coast and Byron Shire. House prices are expected to continue rising, making it increasingly challenging for first-home buyers and upgraders. However, for those who can invest, Terranora offers a unique and rewarding opportunity.

At Tate Brownlee Real Estate, we are committed to achieving the best results for our clients. Whether you’re buying or selling, our expertise in the Terranora market ensures we can help you achieve your property goals. Let us open the doors to your future—contact our team today.