Sam Tahana Property Report June Edition

Top Sales

151 MONACO STREET, BROADBEACH WATERS

14 ALMA STREET, BROADBEACH WATERS

58 RIVER CRESCENT, BROADBEACH WATERS

41 BLAIR ATHOL CRESCENT, SORRENTO

15 DONEGAL CRESCENT, SORRENTO

MARKERI STREET, MERMAID WATERS

8 KOOMOOLOO COURT, MERMAID WATERS

18 BERNADINO COURT, MERMAID WATERS

164 CABANA BOULEVARD, BENOWA WATERS

159 SIR BRUCE SMALL BLVD, BENOWA WATERS

6 MARBELA DRIVE, BENOWA WATERS

Local News

Celebrate the 43rd edition of the Gold Coast Marathon and run for the good times on Saturday 1 – Sunday 2 July 2023 on the beautiful Gold Coast in Queensland, Australia

The world class international marathon will attract participants of all ages and abilities from around the world across eight races including the Gold Coast Marathon, CPL Wheelchair Marathon, ASICS Half Marathon, Southern Cross University 10km Run, CPL Wheelchair 10km, Gold Coast Airport 5km Fun Run, Health and Wellbeing Queensland 4km Junior Dash and Health and Wellbeing Queensland 2km Junior Dash

The Gold Coast Marathon, a World Athletics Label Road Race, is the pinnacle of road running events in Australia and during its history has distinguished itself as one of the most prestigious marathons in the world

Its famous flat, fast and scenic course located alongside the city’s renowned surf beaches and stunning broadwater plus ideal winter running conditions featuring low humidity, little wind and mild temperatures result in 60% of participants achieving personal best times each year

Mens Matter Race Day

NEXT DATE: SATURDAY, 29 JULY 2023 | 10:00 AM TO 05:30 PM

Giddy-up and get along to the Men Matter Charity Raceday on Saturday 29 July to enjoy live racing, activities and entertainment on and off the track to raise awareness and funds for men’s health charities

Proudly supporting LIVIN, Prostate Cancer Foundation of Australia and The Common Good

Come along and help us support these worthy charities alongside a host of trackside events and dapper activations!

We are offering a limited time promotion of 50% off tickets for all men! That’s right – a day of fun and excitement at half the price join us for an unforgettable Men Matter Raceday

When: Saturday, 29 July 2023 | 10:00 AM - 05:30 PM

Location: Gold Coast Turf Club, Racecourse Drive, Bundall, 4217,

Local News

Ruin X: A Unique Burleigh Waters Gem

Ruin X, a captivating architectural masterpiece in Burleigh Waters, is now on the market with a price expectation of $3 million

Originally a renovation project by Matt Jamieson of Render X, this distinctive home sold at auction in March 2022 for $2,713,888 Listing agent Emil Juresic describes it as an unparalleled property that has already generated significant interest

Designed by Jayson Pate, Ruin X underwent a remarkable transformation, featuring rendered walls, micro cement floors, and custom-built furniture Completed over five months in 2021, the property has become a popular choice for events and photo shoots Inside, you'll find Venetian plaster finishes, backlit wall shelving, a formal lounge with an open fireplace, and a kitchen with a marble island bench. The master bedroom boasts a rendered bed, a boutique-style dressing room, and a striking ensuite with a freestanding concrete bath

Over the course of five months in 2021, Ruin X underwent its stunning transformation, and since then, it has become a sought-after location for events and photo shoots by local brands and influencers alike Stepping through the curved entryway, adorned with majestic Canary palms, guests are greeted by glass doors featuring exquisite bronze snake handles, leading to a living area boasting Venetian plaster and captivating textural finishes

31 Beaconsfield Drive, Burleigh Waters, QLD, 4220

Finance

A word from our Mortgage Broker

As both expected and hoped for, we have seen in the month of May two lenders reduce their serviceability buffer to open the doors for people to refinance to a better loan, and enter the property market

Westpac Group has announced it will be lowering the stress test on select refinance applications from a current 3% buffer down to 1%

Resimac, a smaller lender has dropped their buffer rate to 2% for refinances, debt consolidation, and purchases, opening the door for people to enter the property market

The current 3% buffer in an increasing interest rate environment has been a roadblock for borrowers to refinance to a cheaper lender and achieve loan approvals required to enter the property market, given they don’t pass the new bank’s serviceability test at higher rates

From the 29th of May, select refinancers who do not pass Westpac’s standard serviceability test can be re-tested using a modified serviceability assessment rate

Borrowers must be refinancing to a loan that has lower monthly repayments than their existing one

Services

Attention Central Gold Coast Community!

Are you a skilled tradesperson or service provider in the Broadbeach Waters area? Are you looking to build long-term relationships with clients who value quality workmanship and reliable service? Look no further! We are in need of a trusted team of professionals to assist with various trades and services, and we want to hear from you! We are seeking reliable and experienced individuals or businesses in the following trades and services:

If you are a skilled professional in any of the above trades or services and are dedicated to delivering exceptional work and outstanding customer service, we want to hear from you! Please contact us with your credentials, references, and pricing details We are excited to build a long-term partnership with reliable and skilled tradespeople and service providers in our local community Let's work together to create beautiful and well-maintained properties around Broadbeach Waters!

Please give me a call today on 0400 047 129

BROADBEACH WATERS - Sales Statistics (Houses)

MERMAID WATERS - Sales Statistics (Houses)

SORRENTO | BUNDALL - Sales Statistics (Houses)

BENOWA WATERS | BENOWA - Sales Statistics (Houses)

Disclaimer

It is our intention to provide a complete snapshot of sales and listings in your area and, as such, we have included properties listed and sold by all agents and agencies Price indications are provided by third parties, and these should not be relied upon If you would like to confirm details on properties not listed or sold by Image Property, please follow the link and enquire with the listing agent This email has been prepared by Image Property with all due care so as to ensure correctness and accuracy of the information contained above (which includes sales and listings of agents other than Image Property), however Image Property does not warrant the correctness of the information provided and does not accept any liability in this regard Parties should rely upon their own enquiries in this regard

Sam Tahana Sales Agent

Jordan Baldan-Vine Senior Associate