Acreage Market Report - August 2019

acreagemarket This report covers the acreage areas of Mount Nathan, Maudsland, Guanaba, Advancetown, Clagiraba, Gaven, Worongary and Nerang

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Brought to you by LJ Hooker Nerang’s Rural, Acreage and Lifestyle Property Team 07 5581 4422

nerang@ljh.com.au

nerang.ljhooker.com.au

What’s happening in your local acreage market Worongary Acreage had 7 properties sell last month totaling $5,965,000 and with a median of $800,000. The highest sale was $1,075,000 for a 6 bedroom home in Arthur Payne Court.

Clagiraba There were 3 sales last quarter with two houses and one vacant block changing hands and a total sales value of $1,576,000.

Gaven currently has 8 listing on the market and had two sales last quarter of $542,500 and $665,000. The current median price in Gaven is $681,000 which is a growth of 0.89% over the past 12 months While Maudsland Acreage had a decline in the median value of 2.82% over the past 12 months, this doesn’t necessarily reflect a decline in property prices - new land releases mean that there are now more properties selling in a wider price range.

The median growth in Guanaba has done a complete turn around swinging from 36.18% to -25.26%. But if you own a property in this area, don’t panic - it’s because there have only been 2 sales in the past 6 months ($879,000 and $1,075,000) so this was a huge change compared to the previous 6 months. That period saw 9 sales and 6 of those were over the $1million mark.

Mount Nathan has had a small amount of growth over the past 12 months of 0.89%. There were 7 sales last quarter, including 1 vacant block of land. The current average days on market is currently sitting at 62 days.

Nerang Acreage has had a great quarter - while only 5 properties sold, two of those properties achieved over the $1 million mark...

In fact, 178 Country Crescent sold for $1,440,000.

Advancetown continues to be a tightly held area with just 12 new listings in the past 12 months, and 2 sales last quarter.

Suburb Spotlight: Nerang The size of Nerang is approximately 35.9 square kilometres.

Suburb Snapshot

It has 110 parks covering nearly 51.7% of total area.

Number Sold

There were 22 sales of acreage houses and 3 vacant acreage lots sold over the past 12 months

Median Sale Price

$860,000

Total New Listings

29

The median price for acreage properties (2,000m2+) is currently $860,000

Total Value Of Sales

Acreage Houses

22

$20,173,000 over a rolling 12-month period

Local suburb performance Mount Nathan

25

$785,000

1.91%

Clagiraba

10

$679,435

-13.45%

Gaven

15

$681,000

0.89%

Guanaba

11

$773,593

-25.26%

Maudsland

24

$965,000

-2.82%

Nerang

39

$875,000

-1.13%

Worongary

27

$790,000

-8.22%

Number of sold (12 months)

Median House Price

Median Growth 12 months

12 Months Of Acreage Sales with LJ Hooker Nerang

$41,141,501 | 54 Properties sold in 12 months.

3135 Nerang-Murwillumbah Road, Natural Bridge 3138 Nerang Murwillumbah Road, Natural Bridge 5-7 Doomben Court, Beechmont Lot 73 Upper Allan Creek Road, Bromelton 135 Castle Hill Drive, Gaven 212 Banyula Drive, Gaven 60 Billabirra Crescent, Nerang 1 Willawong Crescent, Nerang 3 Raffles Court, Mudgeeraba 25 Mountain View Crest, Mount Nathan 17 Arunta Drive, Mount Nathan 1 Tunbridge Drive, Nerang 2E Latimers Crossing Road, Gilston 30 Goldmine Court, Advancetown 56 Witheren Road, Clagiraba 57 Barcoo Court, Clagiraba 2 Lawnhill Drive, Nerang 21 Josephine Terrace, Highland Park 2 Crocus Way, Gaven 252 Crane Crescent, Nerang 119 Henri Robert Drive, Clagiraba 42 Pasture Place, Mount Nathan 49 Arunta Drive, Mount Nathan 207 Biddaddaba Creek Road, Biddaddaba 104 Heritage Drive, Clagiraba 10 Tolhurst Court, Tallai 472 Nerang Murwillumbah Road, Advancetown

9 Venn Court, Mount Nathan 45 Advancetown Road, Advancetown 63-65 Trentbridge Court, Mount Nathan 37 Beechmont Road, Advancetown 105 Henri Robert Drive, Clagiraba 1-11 Acacia Court, Beechmont 16 Crane Crescent, Nerang 29 Pademelon Pass, Nerang 5-7 Billabirra Crescent, Nerang 7-9 Kingsmead Court, Mount Nathan 30 Lutana Street, Nerang 25 Billabirra Crescent, Nerang 352 Henri Robert Drive, Clagiraba 178 Country Crescent, Nerang 76-78 The Oval Drive, Mount Nathan 21 Venn Court, Mount Nathan 1/18 Pademelon Pass, Nerang 150 Glade Drive, Gaven 895 Gilston Road, Gilston 2 Yarraowee Drive, Nerang 37 Pademelon Pass, Nerang 2 Sovereign Court Canungra 13 Nerang River Drive, Nerang 222 Crane Crescent, Nerang 20 Canungra Court, Clagiraba 3 Greyjack Court, Worongary

PLUS 364 residential sales - that’s why we are Australia’s #1 Regional Sales Agency as recognised by REB

Better Acreage Specialists When it comes to selling rural, acreage and lifestyle properties, you want a team who have a wealth of experience in working with properties that are as unique as you are.

That’s why we have the Rural, Acreage and Lifestyle Property Team, a group of people who live and breathe the way of life that larger properties afford. With over 80 years experience between them, you can be assured your property is in good hands.

With the power of the LJ Hooker Super Centre behind them, the Rural, Acreage and Lifestyle Property Team have the potential to reach every corner of the world.

Located in the gateway to the Hinterland, the LJ Hooker office reaches from coast to country and beyond to every corner of the globe.

Contact your preferred agent today.

Mark Parry 0428 122 809

Julie Morgan-Kemp 0409 691 416

Christine Parry 0431 871 899

Rob Maller 0418 754 175

Sarah O’Dwyer 0428 028 885

Alex Hayes 0414 303 783

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Visit win.ljhooker.com.au to find out more. *Terms and conditions apply visit win.ljhooker.com.au. ^Commission to the value of $15,000. Authorised under permit numbers NSW LTPS/17/17070, ACT TP 17/01556, SA T17/1472. © LJ Hooker Corporation Limited. BLSO0359.

Know what your property is worth in today’s market.

Ask the team at LJ Hooker Nerang.

(07) 5581 4422 nerang@ljh.com.au nerang.ljhooker.com.au Drop by and visit us at our new office: 2-4 New Street, Nerang.

Nerang LJ Hooker Nerang is the #1 rated agency in the 4211 postcode as independently acknowledged by realestate.com.au, ratemyagent and RP Data (Corelogic) Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.

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