Tugun Market Review | July-September 2020 | Troy Dowker - Kollosche

T R OY D OW K E R

MARKET REVIEW July 2020 - September 2020

Tugun

Beachfront & Beachside kollosche.com.au

TUGUN

Market Insights.

We’ve certainly turned a corner in more ways than one with this last quarter. Not only did we enjoy a lessening of COVID-19 restrictions and impact, but we endured winter and have welcomed Spring. And while our southern counterparts are still negotiating their way through restrictions and lockdowns, we’re thrilled that it’s not only been business as usual here, but also, an incredibly successful three months. Some of the highlights include: Two beachside properties that have transacted at 19 and 21 Wagawn Street - a combined 810m2 block selling for $2,900,000 and 13 Teemangum Street a vintage beachside house selling for $1,080,000.

Spring is always a busy time, and that certainly rings true in 2020. Currently, we’re in a rising market on the Gold Coast, with locals and interstate buyers alike eager to make Australia’s premium holiday destination their permanent home. For the first time in over a decade, many agents are reporting that they need more stock, having sold everything on their books to enthusiastic buyers who want to capitalise on our market and lifestyle.

There have been off-market transactions too, with sales via private databases or as part of a targeted communication.

With a surplus of buyers, the market will continue to be strong in this area. The southern region of the Gold Coast remains highly sought after, with

all signs pointing to a strong spring selling season with shorter days on market. Demand levels have improved in recent months since the initial COVID-19 outbreak and values have remained reasonably stable. The majority of demand has come from owner-occupiers and first home buyers, however, there is visible re-emergence of investors, mainly from interstate who are looking to move to south-east Queensland in the short to medium term. It’s this activity which cements what many market analysts have been predicting - that South East Queensland will be the strongest performer on the eastern seaboard as we move beyond these interesting times. Our interstate inquiry levels are unprecedented, with interested parties seeking to exchange lockdown restrictions for the economic, social and lifestyle benefits on offer in our piece of paradise.

Strong population growth, affordable property prices, record low interest rates and the likelihood of less housing stock released to the market over the next 12 months ensures our region remains as a highly compelling, safe investment option.

That’s why there is no better time to entrust your valuable asset with an award-winning team with an unrivalled reputation of integrity and results.

For more information on navigating these current market conditions when buying, selling or any further real estate matter, feel free to contact me on 0409 057 087.

T H E Q UA R T E R

at a glance

$2,900,000 HIGHEST SALE PRICE

$1,612,500 AV E R AG E S A L E PRICE

$1,085,000 LO W E S T S A L E PRICE

BEACHSIDE HOUSE SALES 19-21 Wagawn Street

10 bed / 5 bath / 2 car

Ripe for Redevelopment Double Block - Beachside - 810m2 Block Size 13 Teemangum Street

3 bed / 2 bath / 1 car

SOLD $2,900,000 04/09/2020

SOLD $1,085,000 03/09/2020

Vintage House - Beachside - 607m2 Block Size

BEACHFRONT APARTMENT SALES 9/343 Golden Four Drive

3 bed / 2 bath / 2 car

Top Floor Unit with Rooftop Terrace - Absolute Beachfront

SOLD $1,150,000 03/07/2020

BEACHSIDE APARTMENT / VILLA / DUPLEX SALES 1 & 3/668 Pacific Parade

4 bed / 2 bath / 2 car

SOLD $1,315,000 02/07/2020

2 x Units Beachside in a Small Block of 4

PRESTIGE PROPERTIES SOLD

4 BEACHSIDE HOUSE SALES

2 BEACHSIDE & BEACHFRONT APARTMENT SALES

2

Your Community.

Source: Markets Down Under Website

Sanctuary Markets

Set on the Currumbin Sanctuary’s Village Green, the Sanctuary Markets feature a slew of international street food trucks with live music from 5pm. Director Terri Askew says there’s no need to fear the elements, with undercover dining areas boasting aircon in summer and heating in winter. “It’s become a real locals’ meeting place for an end-of-week catch-up,” Terri says. With free off-street parking and free entry.

Date and Time Every Friday, 4:00pm - 9:00 pm Location Currumbin Sanctuary Corner Tomewin and Teemangum Street, Currumbin

Source: Facebook - Sanctuary Markets

Source: Facebook - Sanctuary Markets

Home Styling with Treasured Interiors Stepping into Currumbin’s Treasured Interiors will make you feel like you’re entering a private island hideaway. That’s the feeling interior stylist Deb Deane creates for each individual client – personalising interiors to suit the style and location of every home.

Deb’s innate sense for decorating, design and styling has led her to become a trusted consultant for prestige homeowners and one of our preferred suppliers for interior styling. Deb’s background in real estate and renovation is testament to her high-quality property staging – one of the best ways to ensure the highest possible sale price.

The Treasured Interiors team have been styling homes for sale, homes for the rental market, and simply for changing the lives of homeowners, for over thirty years. Specialising in timeless, coastal styling with equal focus on aesthetics and functionality, they manage every detail of a brief from to conception completion.

Treasured Interiors is located at 8 Thrower Drive, Currumbin Waters and is open 7 days a week, from 8.30am until 4.00pm.

Source: Treasured Interiors (Facebook)

TUGUN

Handy Tips and Tricks.

5 Spring Cleaning Tips For Sustainability We’re all for a good declutter to start the new season with a clear mindset and an organised household, but why not step up your spring cleaning regime to make your home better for your health, sanity and the environment? These tips will save you time and money while bringing an eco-friendly ethos to your clean-up routine.

1. Downsize and minimise - One of the quickest ways to lighten your eco-footprint is by reducing the amount (and size) of items you own. This includes your home, car, furniture, clothing and anything else that takes up space and requires ongoing maintenance. A smaller house with fewer possessions means less heating and less cleaning, making space to appreciate the things you really love. Reducing your consumption also means repairing items wherever possible and getting creative with what you already have.

2. Recycle responsibly - Electronic waste (e-waste) is one of the worst offenders when it comes to improper disposal, so read up on recycling rules in your neighbourhood before tossing out that broken printer. Australia-wide initiatives aimed at recycling e-waste include Mobile Muster and TechCollect. Batteries also don’t belong in the kerbside bin and should be dropped at a dedicated battery bin like the ones offered at Aldi stores.

3. Conduct an energy audit - Take a look at your appliances – when was the last time they were replaced? Older appliances, or those that are due for maintenance, might not be very energy-efficient. If you decide to replace them, check the energy star rating before making a purchase.

4. Switch to natural cleaning products - Toss chemical-laden products in favour of natural alternatives that won’t harm your health or the environment. There are actually a handful of households items that can tackle many cleaning tasks – white vinegar is tough on bacteria and mildew, lemon juice helps break down soap scum and baking soda is a hard-working all-rounder.

5. Set up a compost system - Composting is an excellent way to manage household waste, and you don’t need a back yard to reap the rewards – there are plenty of neat and tidy bin options available. Once you find the right balance of carbon (brown waste such as cardboard and straw) and nitrogen (green waste including coffee beans and food scraps), you’ll have some supercharged soil year-round to use on your plants or pass on to a green-thumbed friend.

Our Recent Sales Success.

What our clients are saying about us.

2/104 PACIFIC PARADE, BILINGA We had a testing time at the commencement of our marketing campaign to sell our beachfront residence at 2/104 Pacific Parade Bilinga as the COVID lockdown came a few days later.

But thanks to Troy Dowker and Isabella Burns from Kollosche, they quickly adapted their strategy and ensured we had no downtime, bringing many potential buyers to inspect privately.

Within 2 months we had buyers with the right price. Incredible really, in such uncertain times!

Their professionalism and tireless effort were also incredible. Thanks so much to the two of you.

- WALLY & MARY LOU (SELLERS)

175 JEFFERSON LANE, PALM BEACH I’ve known Troy for close to 20 years and dealt with him in a professional capacity for about 10 years. During this time, Troy has been the dominant agent in the southern Gold Coast Beachfront sector and our logical choice when selling.

Throughout our dealings, we appreciated Troy and his team’s professionalism and transparency, as well as his ability to facilitate a stress free transaction and a superior outcome with a benchmark price.

We’d happily recommend Troy to anyone selling on the southern Gold Coast beachfront real estate.

- GEORDIE WHITECOMBE (SELLER)

RECOMMENDED SERVICE PROVIDERS

Solicitor

Accountant

Interior Styling

I N G W E R S E N & L A N D S D OW N S O L I C I TO R S

B U T L E R S AC C O U N TA N TS

T R E AS U R E D I N T E R I O R S

07 5589 2600 www.ingwersen.com.au

07 5536 2288 www.butlersca.com.au

07 5534 3883 www.treasuredinteriors.com.au

Financial Advice.

Local Gold Coast Mortgage Broker Firm National Financial Services Australia is proud to partner with Award-Winning Prestige Real Estate Firm Kollosche.

Brett shares his Finance Market Update “Interest rates continue to be at record lows and it seems they will be low for sometime to come. This is good news for buyers trying to get into the market or if you simply want to get a better deal on your existing mortgage. Competition between the banks is fierce as they fight to get your business. So what makes you a good candidate for the banks?

The mortgage industry has developed significantly over the past couple of years and we now have the majority of banks using the comprehensive credit reporting system. This means that now for every loan facility or credit card you have with a bank they are reporting each month on your conduct and this is recorded on your personal credit file. Depending on your conduct and a few other variables you are given a score; the higher the score the more attractive you are to a potential bank.

The amount of consumer debt (credit cards and personal loans) also affects your credit score and the amount of money that you can borrow. So if you have a bunch of credit cards with high limits just sitting around look to either reduce their limit or cancel them all together.

If you are buying an owner occupied home you should be looking at variable interest rates in the mid to high 2’s with fixed rates in the low to mids 2’s. A great way to spread the risk is to look at splitting your loan 50% fixed and 50% variable so you can take advantage of the certainty of a fixed rate, but also take advantage of setting up an offset on the variable portion. Investment rates are slightly higher but you can still look at splitting the loan part fixed and part variable.”

Make sure you chat to a mortgage broker as they can search the market to make sure they get you the best deal.

Your current situation may suit a certain banks criteria a lot more than another one. Brett Gardiner operates - National Financial Services ( Aust ) Pty Ltd, a multi award winning mortgage brokerage firm and he would be more than happy to assist any of Troy’s clients with their financial needs.

Please call Brett today to see what he can do for you.

Brett Gardiner D I R E C TO R & YO U R B R O K E R

0411 728 421 brett@nfsaust.com.au

Property Assessment.

Assessments are available should you wish to get a professional opinion on the current market value of your property.

Please contact Troy Dowker on 0409 057 087 or email troy@kollosche.com.au

Featured Listings.

734 Pacific Parade Currumbin

7 Bed / 5 Bath / 6 Car

146-150 Tallebudgera Drive Palm Beach

6 Bed / 4 Bath / 3 Car

$4,650,000

AUCTION

ON-SITE, 15 NOVEMBER AT 10AM

67 Skyline Terrace Burleigh Heads

5 Bed / 3 Bath / 3 Car

58 Woodgee Street Currumbin

4 Bed / 3.5 Bath / 2 Car

EXPRESSIONS OF INTEREST

Closing 28 October at 4pm

$1,695,000

Our Recent Sales.

1289 Gold Coast Highway Palm Beach 4 Bed - 3 Bath - 413m 2 Land Size

65 Skyline Terrace Burleigh Heads 5 Bed - 5 Bath - 991m 2 Land Size

SOLD UNDISCLOSED

SOLD UNDISCLOSED

41 Teemangum Street Currumbin 5 Bed - 3 Bath - 405m 2 Land Size

43 Petrel Avenue Mermaid Beach 4 Bed - 3 Bath - 405m 2 Land Size

SOLD CIRCA ASKING PRICE $1,985,000

SOLD $2,225,000

About Kollosche.

OUR

Mission We are dedicated to achieving impressive results for our clients with transparent and honest communication. Our commitment to education, training and our drive to constantly improve will ensure we maintain our position as market leaders. We are committed to constantly adopting new technologies that further improve the transparency and experience for our clients and our accountability will leave a lasting and positive impact on all who conduct business with us at any level and in any capacity.

Your home is one of your most valuable assets, and no team appreciates this more than us.

At Kollosche, we have an uncompromising dedication to providing comprehensive real estate services for the prestige residential sector. This is based on a solid foundation established by our Principal prominent Gold Coast real estate expert, Michael Kollosche - and it is one that we continue to uphold proudly to this day.

It is why our clients trust us.

As a leading, local boutique Real Estate Agency, we focus on catering to the specific needs of high-end residential homes like yours. Our team of experts understand that properties of this calibre require a bespoke approach, which is how we deliver the premium results that we are known for.

From innovative marketing campaigns, experienced advice, competent negotiations, and an aptitude to oversee every detail, we are reliable partners who you can depend on to assist you in achieving your property goals.

Get in Touch.

Prestige Property Trusted Advisor As an industry market leader, I offer unrivalled expertise in prestige and beachfront properties across the Southern Gold Coast.

I’ve been proud to consistently set new benchmarks and price point records for my loyal clientele, with sales now exceeding $600 million across my career.

Troy Dowker

LICENSED REAL ESTATE AGENT

0409 057 087 troy@kollosche.com.au

I have built a solid business through repeat referrals and cementing my position as the preferred agent among prestige beachfront property owners.

Growing up around the coast in the Surf Life Saving movement and now calling the Southern Gold Coast home with my family, I’m proud to be part of the fabric of this region through my work and community involvement. I love what I do, working with our local team who are all passionate about this area.

Following a very successful 16 years with the Ray White group, I have now joined forces with Kolloshe, bringing a fresh perspective to the prestige sales environment.

Isabella Burns ASSISTANT TO TROY DOWKER

0421 331 015 isabella@kollosche.com.au

Holding the title of No.1 Sales Agent for the Southern Gold Coast area in the prestige sector since 2008, I deliver invaluable experience, professionalism and a deep perspective of market knowledge to every seller and buyer I work with.

It’s an honour and a privilege to have homeowners put their trust in me and my team to handle the sale of their prestige property, and I aim to provide professional and trusted advice for all property matters.

Nicole Cheyne EXECUTIVE ASSISTANT TO TROY DOWKER

0473 008 332 nicole@kollosche.com.au

Troy Dowker

L I C E N S E D R E A L E STAT E AG E N T 0409 057 087 troy@kollosche.com.au

For more information, please visit our website or follow us on social media:

kollosche.com.au

This booklet is printed on recycled paper.