Sam Tahana Properties Monthly Mag 2/8/23

Monthly Review

July Statistics

Broadbeach Waters Statistics:

Properties sold in July in Broadbeach Waters - 13

Properties listed so far in June – 20

Broadbeach Waters Average Days On Market – 53 5

Median Price - $1 960,000

Mermaid Waters Statistics:

Properties sold in July in Mermaid Waters - 12

Properties listed so far in June – 24

Mermaid Waters Average Days On Market – 46

Median Price - $1 600,500

Sorrento | Bundall:

Properties sold in July in Sorrento / Bundall - 4

Properties listed so far in June – 13

Sorrento / Bundall Average Days On Market – 42 5

Median Price - $1 790,000

Benowa Waters | Benowa:

Properties sold in July in Benowa Waters | Benowa - 8

Properties listed so far in June – 19

Benowa Waters | Benowa Average Days On Market – 60

Median Price - $1 500,000

June Statistics

Broadbeach Waters Statistics:

Properties sold in June in Broadbeach Waters - 7

Properties listed so far in June – 14

Broadbeach Waters Average Days On Market – 53

Median Price - $1 960,000

Mermaid Waters Statistics:

Properties sold in June in Mermaid Waters - 16

Properties listed so far in June – 26

Mermaid Waters Average Days On Market – 47

Median Price - $1 600,500

Sorrento | Bundall:

Properties sold in June in Sorrento / Bundall - 7

Properties listed so far in June – 17

Sorrento / Bundall Average Days On Market – 38

Median Price - $1 790,000

Benowa Waters | Benowa:

Properties sold in June in Benowa Waters | Benowa - 6

Properties listed so far in June – 21

Benowa Waters | Benowa Average Days On Market – 55

Median Price - $1 500,000

A Comparison between June and July 2023

As the real estate market continues to fluctuate, it's essential for potential buyers and sellers to stay informed about the latest trends Let's dive into the key differences in property sales and listings, average days on the market, and median prices for four popular suburbs in the Gold Coast area during June and July 2023

Broadbeach Waters: In June 2023, Broadbeach Waters saw a total of 7 properties sold, while in July, the number increased to 13 This surge in sales indicates a positive trend, showcasing increased demand for properties in this suburb However, the number of listings in July also rose from 14 to 20, which may offer buyers more choices but could potentially lead to increased competition among sellers The average days on the market remained steady at around 53 in both months The median price in Broadbeach Waters stood at $1,960,000 in both June and July, indicating stability in property values

Mermaid Waters: Mermaid Waters experienced a slight decline in property sales from 16 in June to 12 in July Despite this dip, the number of listings increased from 26 to 24, suggesting that buyers are still showing interest in this suburb The average days on the market remained relatively stable, hovering around 47 in June and 46 in July The median price also remained constant at $1,600,500, indicating a balanced market with steady property values

The Sorrento and Bundall area saw a decrease in property sales from 7 in June to 4 in July However, the number of listings also decreased from 17 to 13, potentially indicating a balanced market with less available inventory The average days on the market showed an increase from 38 days in June to 42 5 days in July The median price remained steady at $1,790,000, reflecting stable property values

Benowa experienced a increase in property sales from 6 in June to 8 in July Simultaneously, the number of listings decreased from 19 to 21, suggesting continued interest from buyers and potential opportunities for sellers The average days on the market increased from 55 in June to 60 in July, which may indicate a slightly slower market The median price remained consistent at $1,500,000, suggesting stability in property values

Overall, while the property sales varied in these suburbs between June and July 2023, the median prices remained relatively stable The average days on the market fluctuated slightly, reflecting changes in demand and supply dynamics These statistics provide valuable insights for both buyers and sellers in making informed decisions in the dynamic Gold Coast real estate market As always, it's essential to consult with a local real estate expert to gain a deeper understanding of specific trends and opportunities in each neighborhood

Top Sales

131-135 Monaco Street, BROADBEACH WATERS

15 Bal Harbour, BROADBEACH WATERS

349 Monaco Street, BROADBEACH WATERS

23 Tosti Street, SORRENTO

13 Tashey Court, BUNDALL

2210/1-7 Waterford Court Bundall 27 Cesnock Close, MERMAID WATERS

Sailaway Street, MERMAID WATERS

107 Markeri Street, MERMAID WATERS

57 Sir Bruce Small Blvd, BENOWA WATERS

5023A Riverwood Grove, BENOWA WATERS

12 Cascade Avenue, BENOWA WATERS

Local News

A Unique $24 Million Home Finds a Buyer at Auction Selling Under the Hammer

In the heart of Queensland's captivating Gold Coast, a remarkable trophy home recently made waves at auction, captivating homeowners with its rare design feature and fetching a staggering $24 million This architectural marvel, listed by Sam Guo and Julia Kup from Kollosche, is situated at 59 The Corso on the Isle of Capri, offering an exclusive and extravagant lifestyle that truly sets it apart

What sets this property apart from the rest is not just one, but two stunning pools, making it one of the most opulent and expensive properties ever to be sold under the hammer in Australia On July 14, the gavel fell, and the deal was sealed, bringing this exceptional residence into the hands of its lucky new owner

Represented by esteemed agents Sam Guo, Julia Kuo, and Claire Dai, the six-bedroom, six-bathroom residence stands as a testament to modern luxury and sophistication Among its exquisite features, the most eye-catching are the two pools - a wet-edge pool and an adjoining plunge pool adorned by a mesmerizing feature waterfall and an inviting in-ground spa Imagine basking in the lap of luxury, enjoying the ultimate resort-style living right in your own backyard

Beyond the pools, the home caters to those who appreciate both relaxation and recreation An enviable range of amenities awaits the new owner, including a fully-equipped gym, a rejuvenating sauna, a state-of-the-art cinema room, and a classic billiards room With such an abundance of entertainment options, every day in this home promises to be a grand experience

Whether you're an avid entertainer or simply relish serene moments, this property offers an abundance of opportunities Multiple patios, serene zen gardens, and a well-stocked wet bar ensures that hosting memorable gatherings and enjoying tranquil solitude go hand in hand

Moreover, oenophiles will rejoice in the presence of a spacious wine cellar with the capacity to hold an impressive 7,000 bottles

The home's architecture is nothing short of breathtaking, featuring a unique layout and crafted with exceptional building materials With over 42 meters of water frontage, the property beautifully incorporates Balinese influences, showcasing sandstone, New Guinea rosewood, teak, and Oregon timber Two wings gracefully embrace a central atrium with majestic columns, embodying the essence of an entertainer's paradise

While the $24 million sale has raised eyebrows and turned heads, it's worth noting that Queensland's record for the highest property sale stands at $42 million - a staggering amount paid in cash for an estate on Tallebudgera Connection Road, Tallebudgera, earlier this year

Although the Isle of Capri home came close, it may yet claim the title if the Tallebudgera sale fails to settle

Nationally, the highest auction record currently stands at $43 million, achieved by the sale of a splendid mansion in Toorak's prestigious Lansell Road back in October 2021 Prior t that the record was held by a water-view house in Sydney's Vaucluse, fetching $24 6 million in an auction that surpassed expectations by $10 million

As the property market continues to dazzle with remarkable offerings, it's evident that the allure of prestigious homes and unique features continues to captivate homeowners with discerning tastes The recent sale of this extraordinary Isle of Capri home serves as a testament to the thriving luxury real estate market and the dream of finding a place to call home, where opulence and comfort blend seamlessly to create an unparalleled living experience

Property

CONFIDENCE RETURNS ABOUT HOUSE PRICES

Positive sentiment is sweeping through the Queensland property market, as indicated by the latest survey from a major bank. The survey shows that property professionals are now more optimistic about the future, expecting house prices to rise in the next two years. This newfound confidence is driven by various factors, including increased migration to the state and the anticipation of interest rate stability.

According to the NAB Quarterly Australian Residential Property Survey for Q2 2023, property professionals, on average, predict Queensland home values to rise by 0.6% in the next 12 months, a notable improvement from the -2.7% forecast in Q1. The longer-term expectations are even more positive, with an estimated 1% growth, compared to the -0.9% forecast in the previous quarter.

NAB group chief economist, Alan Oster, attributes the rising confidence to the influx of migrants to Queensland and the belief that interest rates are close to peaking. With more people choosing Queensland as their new home, demand for properties is expected to increase. Additionally, the anticipation of stable interest rates encourages potential buyers to enter the market, considering it an opportune time to make their move.

In terms of the rental market, the survey reveals that property professionals expect rents in Queensland to continue rising at aboveaverage levels. Projections indicate a 2.9% increase in the coming year and a further 3.2% rise in the next two years. This trend is likely due to the undersupply of rental properties, with a staggering 92% of respondents believing that the rental market in Queensland is extremely undersupplied.

Compared to other states, Queensland witnessed the highest level of new property sales to Australian investors, capturing 17.5% of the market share in Q2. Additionally, foreign buyers' interest increased, reaching 10% (up from 7.5% in Q1). However, overall investor credit for housing has not seen substantial growth nationally in the last 12 months, which might impact the rental market in the future.

First homebuyer owner occupiers, however, have seen a slight decline in market share, accounting for 20% of new property sales in Queensland. Nevertheless, property professionals are now more optimistic about a potential rise in first homebuyer participation in the market, reversing previous expectations of a decline.

In conclusion, the Queensland property market is showing signs of renewed confidence, with property professionals predicting growth in house prices and rents. The surge in migration and the anticipated stability of interest rates have contributed to this positive outlook. However, some challenges remain, such as low transaction numbers and an undersupply of rental properties. As the market continues to evolve, it will be crucial to monitor how factors like interest rates and housing credit will impact Queensland's property landscape in the coming years.

Who is Sam Tahana?

Meet Sam Tahana, a dynamic and experienced professional with an impressive background in the realms of real estate and sales With six years in the real estate industry and a solid decade of experience in sales, he has honed his skills to become a formidable force in the world of business

Persistent, resilient, and straightforward, Sam is known for his unwavering determination to achieve success His unwavering commitment to excellence extends beyond personal gains, as he strongly believes in fostering a culture of shared victories For Sam's success it is not just an individual pursuit but a collective effort, where everyone involved thrives together

A devoted family man, Sam finds immense joy in nurturing his loved ones and cherishing the moments spent together This inherent sense of care and responsibility extends to his professional life, where he goes above and beyond to cater to the needs of his clients Their satisfaction and well-being are his absolute priorities, and he will stop at nothing to ensure that they achieve their goals and dreams in the real estate market

Hailing from the beautiful Gold Coast, Sam brings a unique blend of laid-back charm and ambitious drive to his interactions Prior to his successful venture in the real estate industry, he ran a direct marketing and sales company, where he earned his stripes by knocking on doors and generating substantial revenue for his clients This hands-on experience has instilled in him a deep understanding of the art of communication and persuasion, making him an exceptional negotiator and problem solver

In both his personal and professional spheres, Sam stands out as an individual who is not afraid to put in the effort and hard work to create a positive impact Whether it's closing a real estate deal or building lasting relationships, he invests himself wholeheartedly, leaving a trail of satisfied clients and grateful partners When you partner with Sam, you can rest assured that you are in the hands of a driven, caring, and skilled professional who will stop at nothing to ensure your success Whether you're looking to buy your dream home, invest in property, or seek expert guidance in the real estate market, Sam is the person to turn to With him, you don't just get a real estate agent; you gain a trusted ally, mentor, and friend who will be with you every step of the way

Sam Tahana Sales Agent

sam

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

0400 047 129

Jordan Baldan-Vine Senior Associate

0468 544 264

Sarah Tahana CFO and Operations