The Redland's Luxury Market Review

JOSEPHLORDI PRESENTS

THEREDLAND'SLUXURY MARKETREVIEW

Introducing our first edition of the Redland's Prestige Market Update, a publication designed to keep you informed of the latest trends and developments in this exclusive segment of the market.

My colleagues and I have witnessed an unprecedented surge in demand within the Redland's prestige market, with a notable influx of high-net-worth individuals from both interstate and overseas, as well as those seeking a cosmopolitan lifestyle within our charming locale.

Brisbane also continues to experience above average levels of interstate migration. Based on the most recent demographic data, migration into Queensland was tracking 63% above the decade average, with net interstate migration into Queensland by far the largest across the states and territories.

With this in mind, I wanted to provide a comprehensive market report tailored specifically to the discerning tastes of the esteemed prestige owners within our community.

As the foremost leaders within the luxury property space, my team and I were at the helm of the majority of high-end sales within the Redland's in 2022. Rest assured, the information presented within this report is both factual and informed by our industryleading insights.

It is our sincere hope that this market report will prove to be a valuable resource for you, offering a wealth of informative analysis and expert commentary on the current state of the Redland's prestige market.

joseph@chaptereg.com.au

REDLAND'S HIGH END MARKET.

Undoubtedly, the Redland's property market has been a topic of discussion throughout Brisbane over the past year, attracting a substantial influx of astute interstate buyers and urbanites seeking to call our picturesque locale home.

It is with great pride that we reflect upon our landmark sales of the previous year, including the $4,150,000 result achieved at12 DownwindCourt, which shattered the suburb record in Birkdale by an astonishing $600,000 as well as another incredible result at 4Carling Court,RabyBay which broke a street record with a sale price of $3,330,000.

The ever-increasing demand for luxurious lifestyle properties within our region remains unabated, with the Redland's representing an unparalleled investment opportunity in Queensland. Remarkably, even in the face of rising interest rates, high-end property buyers have continued to stay motivated to purchase property in our area as many of our buyers are either paying in cash or only borrowing a fraction of the purchase price.

It is worth noting that the supply of luxury properties in the region remains relatively scarce. Indeed, our research indicates that only 54salesabovethe $2,000,000 threshold were recorded in the suburbs outlined in this report, which raises the tantalizing prospect of untapped demand amongst buyers with budgets exceeding this mark.

Within the forthcoming report, we will be delving into the specific nuances of each key area, providing our readers with invaluable insights into the intricacies of the Redland's prestige market. As always, should you have any questions or require further clarification on any aspect of the report, please do not hesitate to contact us via phone.

2022 RABY BAY & CLEVELAND TOP SALES

2022 AQUATIC PARADISE TOP SALES

AQUATIC PARADISE

Birkdale, once a well-kept secret, has firmly established itself as a coveted destination for discerning homeowners seeking prestige real estate. Buoyed by the exceptional sales activity within Aquatic Paradise, this alluring enclave has emerged as one of the most highly sought-after locations within the Redland's region

As the insatiable demand for waterfront properties continues to intensify, Aquatic Paradise has cemented its reputation as one of the most tightly-held pockets within the Redland's. With only 15sales recorded in this idyllic location over the previous year, the inherent scarcity of such prized real estate has underpinned the blue-chip growth and unwavering demand that characterizes this sublime locale.

Presently, themediansaleprice within Aquatic Paradise is an impressive $2,400,000, with the average time to secure a sale being 52days. Remarkably, my team was responsible for a significant proportion of the sales within this elite precinct.

Buyers from across the nation have set their sights on Aquatic Paradise, with discerning homeowners from BrisbaneCity,Sydney,theGoldCoast, and ruralQueensland all expressing keen interest in securing a slice of this paradise

For prospective sellers, it is critical that your marketing efforts extend beyond the immediate area, as only a mere 12% of potential buyers are coming from the local area of Birkdale.

For Aquatic Paradise homeowners seeking a more in-depth analysis of the market trends and sales activity within this exclusive enclave, we have a comprehensive report readily available. Please do not hesitate to reach out to us via phone, email, or text to receive your exclusive copy.

Ormiston is an exceptional suburb, boasting some of the most luxurious properties the Redland's region has to offer. These homes are characterized by their grandiose structure, ample living space, and awe-inspiring views of the sparkling bay, which together make for a highly desirable and irresistible real estate proposition for discerning buyers.

The prestige market in Ormiston has enjoyed a triumphant year, with a remarkable 26sales surpassing the $1,500,000 mark, and the mediansale priceofover$1,000,000, indicating a strong affinity for the area. It comes as no surprise that buyers from local Redland suburbs constitute a significant proportion of interest, however, it is notable that there is a growing interest from outside the area, including the metropolitan area and interstate.

The demographic of buyers in Ormiston comprises mainly middle-aged families seeking to acquire the last family home before downsizing. With a total of 123sales recorded last year and an average of only 32days required to attract a buyer, it is evident that Ormiston's real estate market is a highly dynamic and sought-after space.

The highest sale in Ormiston, an impressive $3,050,000, was registered at 30McCartneyStreet in 2022, which further underscores the suburb's burgeoning prestige.

If you're contemplating selling your home in Ormiston, it is essential that your marketing strategy is targeted towards both local prestige buyers, as well as those from outside the area, with the latter group having exhibited a considerable interest in this beautiful area.

For exclusive and detailed insights on the Ormiston property market, we offer a comprehensive report that can be obtained at your convenience via text, email, or a simple phone call. Don't hesitate to reach out to us for your exclusive copy.

WELLINGTON POINT

Without a doubt, Wellington Point has become a bustling hub for locals and visitors alike, particularly on idyllic Queensland mornings. Naturally, the surge in interest in the area's prestige market has followed suit.

Notably, last year saw a remarkable milestone reached with the sale of 168 MainRoad for a staggering $4,700,000, setting a new standard for top-tier real estate in the area and instilling confidence in buyers to make bold investments. More recently, my team and I sold a property at 224AMain Roadfor $2,360,000.This property was on the market with 2 other local agents for 12 months prior to us taking it over. We then sold the property in 20days with a cash contract.

Currently, the average sale price stands at $1,021,457, a notable increase from $887,500 from the previous year. Out of the total of 216 sales,28 transactionssurpassedthe$1,500,000 mark, which is reflective of the demand for properties in this price range outweighing the supply.

Searches for desirable property features such as breathtaking views, expansive pools, and ample yard space are most popular among prospective buyers, who hail from a variety of locales. In spite of this, the average time on market for the area is only 39days.

Sellers in Wellington Point would be wise to keep in mind that a majority of interested parties come from outside of the immediate vicinity, making it crucial for marketing efforts to extend beyond the Redland's region.

Should you require a more in-depth report on the Wellington Point property market, we are happy to provide you with an exclusive copy upon request via text, email, or phone call.

Raby Bay, a truly iconic location, captivates us with its warm sense of community and abundant development, making it a desirable place to reside.

The Raby Bay market witnessed remarkable transactions in the previous year, with 41ASentinelCourt breaking records by fetching an impressive $4,350,000, the highest price achieved in the Redland's in 2022.

In total, 31propertiesweresold last year, with the average sale price hovering just under $2,600,000, and it takes an average of 59days to sell a property in this area. These statistics demonstrate that the average sale price has remained stable over the past year and there are no indications of a decline in this trend.

Raby Bay has emerged as a primedestination for canal front properties, with the pandemic driving demand for properties situated farther away from the CBD. Consequently, buyers are seizing the opportunity to acquire property in Raby Bay, exchanging their city views for the picturesque canals of this esteemed location.

If you're considering selling in Raby Bay, it's vital to note that the majority of buyers are fromoutsidethearea. Hence, your marketing strategy should target buyers beyond the Redland's. However, if you own a low-set home, expect interest from your neighbors seeking to downsize and stay in the community.

For Raby Bay homeowners, we have a comprehensive report available. To obtain your exclusive copy, kindly contact us via text, email, or phone.

TOP 30 LUXURY SALES

MEET THE TEAM

At Chapter Estate Groups, we pride ourselves on delivering exceptional service and achieving optimal results for our esteemed clientele. Led by the accomplished Joseph Lordi, our agency embodies the quintessential qualities expected within the real estate industry: a steadfast work ethic, cutting-edge technology, and a humble approach to business.

Nestled in Birkdale, our burgeoning agency has rapidly emerged as the leading prestige agency in the Redland's real estate market. With an impressive track record of selling some of the most exclusive properties in the area, we boast the highest average sale price in the region.

We trust that this report has provided valuable insights. At Chapter, we consistently strive for excellence.

Whether you are looking to sell now or in the future, we warmly invite you to contact us for a confidential discussion about your property and experience firsthand the difference of engaging with a dynamic, local, and independent real estate business that will go above and beyond to represent you and your home.