About The Northern Rivers
Made up of the Tweed, Clarence and Richmond river systems, Northern Rivers is one of New South Wales’ fastest growing regions. Guests travel to the region to immerse themselves in the area’s growing alternative lifestyle, creative businesses, and a variety of restorative and adventurous getaway opportunities.
The region is well known for its coastline, sub-tropical rainforests, and popular tourist communities, including Nimbin, Byron Bay and several historic townships. Annual events such as the Splendour in the Grass music festival draw tens of thousands of guests to the region each year, with 30,000 visitors flocking to Byron Bay for the event in 2017. Other popular annual events include the Byron Bay Writers’ Festival, Byron Bluesfest, and the Byron International Film Festival.
Benefits of Living in The Northern Rivers Region
The Northern Rivers region of New South Wales, Australia offers a variety of benefits to those who choose to live there. Some of these benefits include:
Natural beauty
There are many different types of sceneries in the Northern Rivers area, including beaches, rainforests, and mountain ranges. This gives locals plenty of chances to engage in outdoor activities such as hiking, swimming, and surfing.
Climate
Due to the subtropical nature of the Northern Rivers region, inhabitants can expect moderate winters and hot summers.
Community
Home to a thriving and diverse community, many residents in the Northern Rivers region are passionate about leading sustainable lives and protecting the environment.
Lifestyle
Various markets, festivals, and community activities demonstrate how residents cherish a carefree and laid-back way of life.
Agriculture and food production
The fertile soil in the Northern Rivers region is renowned for its suitability for cultivating a wide range of crops. Bananas, avocados, macadamia nuts, and other fruits and vegetables are just a few crops that are well-suited.
Living expenses
Compared to larger cities, the Northern Rivers region generally has reduced living expenses, making it a more affordable place to call home.
Tourism
Since the Northern Rivers area is a well-liked vacation spot, locals can benefit from all that comes with living there.
Access to services
Residents of the Northern Rivers region can easily access the services they require thanks to the area’s abundance of service providers, including hospitals, schools, and shopping malls.
What is an Off Market Property
Often referred to as ‘silent listings’, off-market property is for sale, but not publicly listed or advertised. This means that you won’t find the property listed on listing services or listing pages, nor is it being actively marketed to the general public.
Off-market properties are typically sold through private negotiations between the buyer and the seller. This typically happens through word-of-mouth, or through a real estate agent or buyer’s agent who has a direct relationship with the seller.
There are several reasons why a property might be sold off-market. Oftentimes, the seller may want to sell as quickly as possible and doesn’t want to go through the hassle of listing the property publicly. Another circumstance is when the seller may prefer to sell the property discreetly because it is a high-end property or the seller is a high profile individual. In some other cases, the seller may simply prefer to avoid the costs associated with listing the property publicly.
The Benefits of Buying Off Market
There are a handful of benefits to purchasing a property off market that can make it quite attractive for buyers. This includes:
Less competition: Since off-market properties are not publicly listed, there is less competition from other buyers, which can make the buying process less stressful and more manageable.
Negotiating power: With less competition, buyers may have more negotiating power when it comes to the price of the property.
Discreet: Off-market properties are not publicly listed, which can provide more discretion for the buyer, especially if the property is high-end or the buyer is a public figure.
Time-saving: Off-market properties can be a time-saving option for buyers as they do not have to spend time searching through multiple listings and attending open houses.
Exclusive access: Off-market properties are not publicly listed, which can provide the buyer with exclusive access to the property and can be an opportunity to buy a property before it is available to the general public.
Potential to save money: Off-market properties may be sold at a discount because the seller is motivated or the property needs repairs.
It’s worth noting that off-market properties can also have some disadvantages like lack of information about the property condition, legal issues, and they may be overpriced. Therefore, it’s important to do your due diligence and research carefully before making an offer on an off-market property.
How to Buy Off Market in The Northern Rivers
You can follow these steps to purchase off-market real estate in Northern Rivers, New South Wales:
- Connect with local investors and real estate agents to learn about prospective off-market properties in the region.
- Look for homes being sold by owners who aren’t advertising as much, such as private listings or word-of-mouth marketing.
- Investigate the region on your own by looking for homes that might be for sale. However it’s hard to tell.
- Without using a real estate agent, negotiate a contract directly with the owner or their representative.
- Signing a purchase agreement and paying a deposit will seal the deal.
- It’s important to consult with a lawyer and a real estate agent to ensure that everything is done legally and correctly.
Alternatively, you can save yourself the hassle and headache and engage with a buyers agent.
Using a qualified buyer’s agent is without a doubt the fastest, easiest, and most dependable approach to discovering hidden real estate gems. Buyers agents like Rose & Jones are real estate experts with a wealth of contacts and knowledge about the nearby real estate market and have a lot of expertise in the field. The buyer’s agent has relationships with all the selling agencies in the region, and they will be informed of all the local off-market prospects because their contact information is on the selling agents’ databases.
Buyer’s agents are aware of whether a property’s asking price is reasonable. They may be able to submit a cheaper off-market offer on your behalf that the vendor will accept because they are also very effective negotiators.
Be sure to let your buyer’s agent know of all the requirements for the home you’re searching for, including location, price range, number of bedrooms, and so on, when you hire one. Once they have a good understanding of the property you are after, the buyer’s agent can locate the appropriate property for you. They are likely to even knock on doors to inquire about the possibility of purchasing a property that fits your description.
Tips on Making A Move to The Northern Rivers
To save you some headache and confusion, here’s some of our tips you should consider before deciding to move to the Northern Rivers.
It’s a good idea to visit Northern NSW before relocating to get a good sense of the region, and conducting online research to see what’s available from a property and lifestyle standpoint is always helpful.
Decide how you will be travelling up there. Northern Rivers is approximately an 8 hour drive from Sydney, and about 2 hours from Brisbane. There are also flights to Ballina Byron Gateway Airport, Lismore Airport airport or public transport options.
List all of your service providers and inform them of your move. This covers any regular deliveries, such as newspapers or groceries, as well as water, electricity, your local council, insurance, internet, and gas. Prior to moving, make a note in your calendar to terminate accounts and begin looking for service providers for your new residence.
Conclusion
In conclusion, if you are looking for a piece of paradise, purchasing off market real estate in Northern Rivers, NSW, might be a fantastic investment option. The area is ideal as a place to live or invest because it offers a wide variety of properties, from coastal mansions to rural retreats.
It’s crucial to conduct research, establish contacts with regional agents and investors, and take into account different types of properties when trying to buy property in Northern Rivers. The region is known for its distinctive and lovely scenery, so be sure to enjoy the process and not rush it!
Remember that purchasing real estate requires a large financial commitment, so you should get professional guidance from an experienced buyer’s agent to make sure you purchase the right property for you.
