Ray White Coastal Living - Market Monitor - July-September 2022

Market

Voice of Property on the Sunshine Coast

Unparalleled in our local marketplace

Welcome to the latest instalment of the Ray White Market Monitor, reporting on the July to September quarter of 2022.

This document is your window to the industry, revealing detailed statistics we collect on everything from auctions through to property management. The quality, depth and timeliness of this data reporting is unparalleled in our local marketplace. Quite simply, nobody is doing this.

Inside these pages you will find a rich array of our collective data and results along with a selection of our auction success stories from the quarter.

We have highlighted our property management statistics, buyer inspection reports and finally, our involvement in the communities we call home.

Ray White Maroochydore

07 5443 2000 raywhitemaroochydore.com.au

Ray White Mooloolaba

07 5444 3455 raywhitemooloolaba.com.au

Ray White Nambour

07 5354 6000 raywhitenambour.com.au

Auction Report

J U L Y 88%

S U C C E S S

A U G U S T 86%

S U C C E S S

SE P T E M B ER 56%

S U C C E S S

Auctions 63 Sold 50 Withdrawn 6

Success % 88%

Clearance % 49%

Days on Market 37

Registered Bidders 110

Registered Bidders per auction (average) 2.03

Pre Auction Offers 66

% Discount from Reserve -1.00%

% Lift from Highest Pre-Auction Offer to Sale 4.89%

Auctions 54

Sold 43 Withdrawn 4

Success % 86% Clearance % 37%

Days on Market 38 Registered Bidders 99

Registered Bidders per auction (average) 2.06

Pre Auction Offers 58

% Discount from Reserve -1.58%

% Lift from Highest Pre-Auction Offer to Sale 4.83%

Auctions 86 Sold 48 Withdrawn 1

Success % 56%

Clearance % 44%

Days on Market 35

Registered Bidders 185

Registered Bidders per auction (average) 2.28

Pre Auction Offers 94

% Discount from Reserve -0.90%

% Lift from Highest Pre-Auction Offer to Sale 0.50%

QUARTER COMBINED | July-Sept

73%

S U C C E S S

Auctions 203 Sold 141 Withdrawn 11

Success % 73%

Clearance % 43%

Days on Market 37

Registered Bidders 394

Registered Bidders per auction (average) 2.12

Pre Auction Offers 218

% Discount from Reserve -1.16%

% Lift from Highest Pre-Auction Offer to Sale 3.41%

PREVIOUS QUARTER COMBINED

AS AT 30 September

96%

S U C C E S S

Auctions 164 Sold 144 Withdrawn 14

Success % 96%

Clearance % 56%

Days on Market 30

Registered Bidders 383

Registered Bidders per auction (average) 2.77

Pre Auction Offers 187

% Discount from Reserve -0.57%

% Lift from Highest Pre-Auction Offer to Sale 4.28%

WHAT THESE FIGURES SHOW

• Although recent increases in interest rates have influenced much of the media commentary, we have yet to see significant change in the property market with auction success rates still remaining relatively high at 73% and 96%.

• When comparing the last two quarters, the number of average bidders per auction only recorded a minor change from 2.77 down to 2.1,; meaning that genuine buyer competition still exists across all our auctions.

• Clearance rate has adjusted slightly down over the last 90 days, moving from 56% to 43%, however sellers should remain confident as post auction sales that contribute to the overall success rate quickly follow.

• It’s evident that there have been challenges in buyers obtaining finance approvals which has caused a slight reduction in bidding participation, this hasn’t stopped buyers from purchasing; it’s just delayed their negotiations until post auction.

July

UNDER

CONTRACT 22 Viridian Drive Birtinya

SOLD 11 Jacaranda Avenue Mooloolaba $960,000

WITHDRAWN 16 Preston Road Diddillibah

SOLD 21 Bernheid Crescent Sippy Downs $750,000

SOLD 4/128-130 Alexandra Parade Alexandra Headland $1,100,000

SOLD 106 Perwillowen Road Burnside $590,000

SOLD 253 Nicklin Way Warana $785,000

UNDER CONTRACT 1/14 Balyata Street Warana

SOLD 17/40-46 Memorial Avenue Maroochydore $660,000

SOLD 2/34 Goonawarra Drive Mooloolaba $530,000

SOLD 7 Dream Court Nambour $750,000

SOLD 247 Dales Road Chevallum $2,050,000

SOLD 17 Bandaroo Crescent Warana $1,100,000

SOLD 14 Lanata Crescent Mountain Creek $850,000

SOLD 1/13 Larkin Street Maroochydore $630,000

SOLD 2 Bainbridge Circuit Sippy Downs $730,000

SOLD 20 Tramline Rise Burnside $700,000

FOR SALE 204/25 First Avenue Mooloolaba

SOLD 3/81 Birtinya Boulevard Birtinya $560,000

SOLD 7/68 Carter Road Nambour $455,000

SOLD 37/2 Maroubra Street Maroochydore $510,000

FOR SALE 2 Brampton Crescent Mountain Creek

SOLD 20 Larkin Street Maroochydore $750,000

SOLD 23/81 Sixth Avenue Maroochydore $800,000

SOLD 17 Possumwood Place Buderim $1,230,000

SOLD 53A Kathleen Drive Bli Bli $842,000

FOR SALE 17 Columbia Street Sippy Downs

SOLD 32 Oak Grove Way Buderim $790,000

SOLD 6 Reflection Crescent Birtinya $1,490,000

WITHDRAWN 3 Aroona Avenue Buddina

SOLD 15 Yaringa Avenue Buddina $1,350,000

SOLD 231 Nicklin Way Warana $511,000

SOLD 16 Chardonnay Court Buderim $1,300,000

SOLD 10 Rosea Street Peregian Springs $910,000

SOLD 10 Chine Place Wurtulla $800,000

SOLD 10/32 River Esplanade Mooloolaba $350,000

FOR SALE 19 Ribbonwood Street Sippy Downs

SOLD 403/98 Alexandra Parade Alexandra Headland $765,000

WITHDRAWN 10 North Beach Place Mudjimba

SOLD 128 Ratcliffe Road Diamond Valley $1,125,000

SOLD 11/58-60 Sixth Avenue Maroochydore $785,000

SOLD 23 Nature Place Buderim $440,000

SOLD 3c/135 Parkyn Parade Mooloolaba $765,000

SOLD 39/10 Crayfish Street Mountain Creek $550,000

SOLD 63 Wilderness Place Little Mountain $830,000

WITHDRAWN 12 Alkira Street Buddina

SOLD 4/32-34 Camfield Street Alexandra Headland $620,000

SOLD Lot 2238 Happy Way Palmview $445,000

SOLD 402 Oceanic Drive Wurtulla $1,325,000

UNDER CONTRACT 14 Northridge Court Sippy Downs

SOLD 10 Bangalow Street Highworth $800,000

WITHDRAWN 24/99 Birtinya Boulevard Birtinya

SOLD 105/7 Venning Street Mooloolaba $460,000

SOLD 15/228 Main Road Maroochydore $490,000

WITHDRAWN 1001/38 Duporth Avenue Maroochydore

SOLD 11/37 Buderim Avenue Mooloolaba $425,000

SOLD 27 Mawarra Street Buddina $1,125,000

SOLD 16 Sailfish Drive Mountain Creek $1,130,000

SOLD 27/2 Mary Street Alexandra Headland $400,000

SOLD 33 Coonang Crescent Warana $1,195,000

SOLD 8 Greenleaf Court Buderim $942,000

FOR SALE 4 York Place Mountain Creek

SOLD 167 Mooloolaba Road Buderim $985,000

August Auction Results as at September 30

WITHDRAWN 29/1 Grenada Way Kawana Island

WITHDRAWN 17 Eliza Way Maroochydore

SOLD 2 Antigua Court Kawana Island $1,440,000

SOLD 4/19 Carinya Street Mooloolaba $775,000

SOLD 1 Melaleuca Avenue Buderim $630,000

SOLD 747 Diddillibah Road Diddillibah $1,200,000

FOR SALE 11 Yaringa Avenue Buddina

SOLD 7 Langura Street Warana $1,202,000

UNDER CONTRACT 13 Parrot Place Brightwater

SOLD 25/3 Pacific Bvd Buddina $3,500,000

SOLD 24/32 River Esplanade Mooloolaba $340,000

SOLD 39 Delilah Lane Nirimba $565,000

SOLD 8 Brushwood Court Buderim $870,000

FOR SALE 12/14-16 River Esplanade Mooloolaba

SOLD 405/3 Meta Street Mooloolaba $530,000

SOLD 39 Ferguson Avenue Buderim $3,400,000

SOLD 12 Maltman Street North Moffat Beach $850,000

FOR SALE 146-148 Woombye Palmwoods Road Palmwoods

SOLD 199 Panorama Drive Rosemount $650,000

UNDER CONTRACT Lot 6182 Burrum Crescent Nirimba

FOR SALE Lot 7741 Cocos Crescent Banya

FOR SALE 30a Kiel Mountain Road Woombye

WITHDRAWN 3 Triumph Street Birtinya

SOLD 11 Balemo Court Minyama $765,000

SOLD 6 Avocet Street Forest Glen $955,000

SOLD 18 Elizamay Close Buderim $1,440,000

FOR SALE 22 Royal Drive Buderim

SOLD 17 Coonang Crescent Warana $900,000

SOLD 51 Paddington Circuit Baringa $720,000

SOLD 3/2-6 Douglas Street Mooloolaba $1,040,000

FOR SALE 2/26 Amaroo Drive Buderim

UNDER CONTRACT

13/5 Forest Park Street Meridian Plains

SOLD 606/25 First Avenue Mooloolaba $700,000

SOLD 12 Yakola Parade Alexandra Headland $1,107,500

SOLD 6 Springfield Ave Coolum $1,970,000

SOLD 1/53 Boongala Terrace Maroochydore $391,000

SOLD 5 Thinana Street Wurtulla $765,000

SOLD 7/50 Beach Parade Maroochydore $750,000

SOLD 7 Loparo Court Nambour $617,500

SOLD 120 Tallow Wood Drive Kuluin $860,000

SOLD 35 Wurtulla Street Maroochydore $1,200,000

SOLD 17 Water Street Buderim $790,000

SOLD 10 Wyndlorn Avenue Buderim $1,185,000

SOLD 5 Linder Place Buderim $910,000

SOLD 13 Nature Place Buderim $785,000

SOLD 2/8 Bahlaka Street Mooloolaba $467,000

SOLD 115 Tepequar Drive Maroochydore $975,000

SOLD 22 Waterway Drive Birtinya $1,025,000

SOLD 10/2 Mantra Esplanade Birtinya $880,000

WITHDRAWN 9 Cutter Street Wurtulla

SOLD 2/18 Fort Street Buderim $577,000

SOLD 10 Chesterton Crescent Sippy Downs $720,000

SOLD 19 Beaverbrook Circuit Sippy Downs $710,000

FOR SALE

214/7 Venning Street Mooloolaba

September Auction Results

SOLD

SOLD

SOLD

SOLD

SOLD

FOR SALE

SOLD

SOLD

SOLD

FOR SALE

Martins Terrace Buderim

Monks Crescent Buderim

Le Claire Place Buderim

Coora Crescent Currimundi

Millwell Road Maroochydore

Connection Road Mooloolah Valley

Pittards Road Buderim

Old Orchard Drive Palmwoods

Presentation Boulevard Nambour

Vantage Drive Yaroomba

Place

SOLD

FOR SALE

SOLD

Duporth Avenue Maroochydore

Allambie Street Maroocyhdore

Greenhaven Drive Palmview

Alexandra Parade

FOR

SOLD

Sunshine Coast’s Largest In-Room Auction Event

On Sunday 25th September the Ray White Coastal Living Network Auction Event made history yet again by hosting the Sunshine Coast’s largest in-room property auction.

are incredibly proud of what the network has achieved. Over $33 million in sales in one day is a huge accomplishment, and we are so happy for all of our buyers and sellers involved,” says Dan Sowden, Auctioneer and Director of Ray White Maroochydore.

The exquisite multi-level Cotton Tree penthouse at ‘Rise’ 1102/67 Sixth Avenue Maroochydore, was the most anticipated property and the highest sale of the day. Following a hot bidding war, the penthouse was sold by Ray White Maroochydore’s listing agent Reuben Park for $5 million.

In-Room Auction Event achieved outstanding results:

over $41 million in sales

listed properties

buyer inspections

registered bidders

property sale of

1500 viewers watching Facebook Event

coffees

Since its inception in 2015, the network has now auctioned 393 properties, totalling in $206.3 million in sales. Now in its seventh year, the event continues to grow. 300 interested attendees gathered from 9am at Mercedes-Benz Sunshine Coast, eagerly awaiting the action to begin.

energy in the room was electric, as per last year. We are excited to continue negotiations on those properties that came close to selling today,” says James Goldsworthy, Auctioneer and Director of Ray White Mooloolaba and Kawana Waters.

Presented by over 100 staff from the Ray White Coastal Living Network’s five offices, Maroochydore, Mooloolaba, Kawana Waters, Buderim and Nambour, each Ray White team member was buzzing with energy, working to register buyers, supporting sellers, briefing phone bidders and ushering spectators.

We would like to thank our major partners on the day - Mercedes-Benz Sunshine Coast, Real Estate Australia and Blink! Productions

Stream

September Auction Event Results

as at September 30

SOLD 20 Sarina Place Maroochydore $1,300,000

SOLD 2/13 Ballinger Court Buderim $520,000

SOLD 10 Richards Street Maroochydore $1,430,000

SOLD 95 Prosperity Drive Birtinya $720,000

SOLD 301/6 Wharf Street Maroochydore $1,700,000

SOLD 10 Magpie Street Nambour $605,000

SOLD 1/238 Wises Road Buderim $560,000

UNDER CONTRACT 7/131-135 Bradman Avenue Maroochydore

SOLD 6 Ibis Court Parrearra $2,100,000

UNDER CONTRACT 2/34 Goonawarra Drive Mooloolaba

SOLD 1 Timana Lane Maroochydore $1,175,000

FOR SALE 3 Montage Court Buderim

SOLD 1102/67 Sixth Avenue Maroochydore $5,000,000

SOLD 18 Water Street Buderim $622,000

SOLD 66 Saleng Crescent Warana $1,295,000

FOR SALE 21 Isambert Road Glenview

SOLD 36-40 Apps Road Maroochy River $1,720,000

UNDER CONTRACT

1/1 Trim Street Birtinya

SOLD 2506/1a Mungar Street Maroochydore $605,000

SOLD 39 Lurnea Crescent Mountain Creek $1,160,000

FOR SALE 16 Minti Street Maroochydore

SOLD 301/14 Aerodrome Road Maroochydore $665,000

SOLD 32 Balemo Street Minyama

UNDER CONTRACT 11 Gumtree Drive Buderim

FOR SALE 14 Osborne Circuit Maroochydore

FOR SALE 1/12 Macaranga Place Palmwoods

FOR SALE 201/61-65 Sixth Avenue Maroochydore

SOLD 13 Scenic Drive Gympie $195,000

CONTRACT 245 Main Road Maroochydore

20 Almaden Lane Maroochydore $1,145,000

WITHDRAWN 7 Tumala Street Parrearra

FOR SALE 7 Wren Crescent Buderim

FOR SALE 2 Ngama Street Wurtulla

SOLD 13 Royal Pine Close Buderim $1,500,000

FOR SALE 70 Tantula Road West Alexandra Headland

FOR SALE 13 Creightons Road Yandina

FOR SALE 3/28 Dalton Drive Maroochydore

FOR SALE 8 Tamarind Court Woombye

FOR SALE 7/8 Hinley Avenue Maroochydore

FOR SALE 10 Sunny Lane Birtinya

SOLD 12 Honeysuckle Court Buderim $895,000

FOR SALE 5/281 Birtinya Boulevard Birtinya

FOR SALE 6 Nyes Crescent Buderim

FOR SALE 12/29 Edward Street Alexandra Headland

September Auction Event Results

SOLD 89 Ballinger Road Buderim

350 Glenview Road Glenview

FOR SALE 6 Whiteash Place Currimundi

FOR SALE

Oyster Court Twin Waters

87 Ilkley Road Eudlo

Robertson Drive Burnside

Deodar Court Mapleton

297 Glenview Road Glenview $1,800,000

FOR SALE 49 Lancelin Place Maroochydore

SOLD 63 Nicklin Way Warana $700,000

SOLD 5/9 Douglas Street Mooloolaba $560,000

SOLD 520/102 Alexandra Parade Alexandra Headland $460,000

FOR SALE 191 Panorama Drive Rosemount

SOLD 40 Lauren Drive Buderim $830,000

FOR SALE Lot 1 319 Glenview Road Glenview

FOR SALE Lot 3 319 Glenview Road Glenview

SALE

Aerodrome Road Maroochydore

FOR SALE 20 Whitecross Road Bli Bli

448/180 Alexandra Parade Alexandra Headland $735,000

CONTRACT 9 Macona Court Buderim

FOR SALE 38 Lemon Grove Place Rosemount

FOR SALE 302/67 Sixth Avenue Maroochydore

Where do our Buyers Come From?

Sunshine Coast 62.5%

JULY

Brisbane 16.7%

Regional QLD 4.2%

Gold Coast 2.1%

NSW 10.4%

VIC 4.2%

Sunshine Coast 68.1%

Brisbane 10.6%

NSW 12.8%

TAS 2.1%

VIC 2.1%

SA 2.1%

International 2.1%

AUGUST

Sunshine Coast 70.7%

Brisbane 6.9%

Regional QLD 5.2%

NSW 5.2%

ACT 1.7%

VIC 10.3%

SEPTEMBER

As we move back into a more normal market; we also see local buyers again dominating this chart.

Buyer Inspections

• With 203 auctions conducted in the quarter, each auction campaign received on average 18.2 buyer Inspections, compared to 10.2 if the property was marketed with a price.

• Auction campaigns are therefore generating 78.4% more buyer interest than any other sales strategy.

Exclusive Agency Sales Report

QUARTER COMBINED (average)

QUARTER COMBINED (average) PREVIOUS QUARTER

TOT A L S

• Stock levels have remained relatively consistent over the last six months with an equal number of listings remaining on the market.

• There has been a slight reduction in the number of sales, 111 down to 84 during the reporting periods, this probably suggests that its taking a little longer to achieve a sales outcome, possibly due to the time it takes buyers to obtain finance approvals and/or waiting for an existing property to sell and settle.

Introducing...

Ray White Buderim

07 5445 6088 buderim.qld@raywhite.com

Ray White Kawana Waters

07 5354 6012 kawana.qld@raywhite.com

Ray White Maroochydore

07 5443 2000 maroochydore.qld@raywhite.com

Ray White Mooloolaba

07 5444 3455 mooloolaba.qld@raywhite.com

Ray White Nambour

07 5354 6000 nambour.qld@raywhite.com

Real time residential market insights, updated monthly

• Why sell now?

• What is the cost of waiting?

• Time in the market is absolutely crucial.

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