October | Nathan Simon's Gold Coast Real Estate Insider

MARKET REPORT

OCTOBER

monthly

Nathan’s Market Wrap-up The year is beginning to wind down as Spring nears an end.

What we expected to see this month was a flurry of new properties to the market and a reduction in buyer activity, neither of which was correct.

What we have seen over the last 4 weeks is many sellers hesitant to come to the market keeping stock levels at record lows across the Northern Gold Coast. We noticed some strong results with buyer confidence high during the beginning of the month, a great example of this was our sale of 16 High Street, Maudsland which generated over 20 Offers within a 7-day period selling for a new estate record price.

Towards the end of the month, we started to see some more chatter in the media around inflation and the possibility of another cash rate rise before Christmas. That seemed to create an instantaneous change in buyer intent as they await the RBA decision to be made on Melbourne Cup Tuesday.

Whilst most predictions have been incorrect for the last 12 - 24 months, it is clear that we are seeing families and businesses begin to struggle with the current financial climate. How long will it take for the market to see these effects? I guess we will all need to wait and see, however, my advice for those who have made the decision to sell - consider beginning that process sooner rather than later.

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TAP

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THIS O C TOB E R.

V A

sold & settled

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N S I TAN N A T R

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L A V T

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I N S TA N

$990,000 | sold 4 F R A N GI P A N I CO URT

$1.3M | sold

under offer

16 H I GH S T R E E T

5 7 V I LLAGE BOULEVA RD

$1.3M | sold

$821,500 | sold

9 KU RUR A R O A D

9 GI RRAW EEN ST REET

$685,000 | settled

$540,000 | settled

13 SLA C K S T R E E T

4 08/36 0 M A RI N E PA RA D E

$660,000 | settled

$634,000 | settled

197 RI E MO R E C I R CU IT

1 1 M A I D STON E LA N E

$1.28M | settled

$723,000 | settled

9 GREVI L L E A C R E SC E NT

1 9 JON ES ST REET

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2023 MEDIUM

RESIDENTIAL AGENCY OF THE YEAR

current listings $1.6-1.7M

submit all offers

181 RIEMO R E C I R C U IT

1 2 7 PA RA D I SE PA RA D E

$900K+

$2.4M+

3 I B I S P A R A DE

4 3 POI N CI A N A PLA CE

coming soon

coming soon

421 -431 GR E E N S WAR D R O AD

1 4 POOL ST REET

The Holidays LISTING TIMELINE

NOV 1

LAUNCH TO MARKET FOR EXPECTED JANUARY SETTLEMENT

NOV 30 DEC 1 ULTIMATE HOLIDAY SEASON LAUNCH DATE PERIOD Historically we find that this time period creates a high level of demand with the festive season over, with many buyers having extra time available to view homes.

This period in 2023 we found high buyer competition and demand with low stock on the market.

JAN 5 JAN 12

PREP FOR A JANUARY SALES CAMPAIGN UNLESS DEADLINE SALE IS REQUIRED DEC 20 DEC 21 EXPECTED MINIMUM SHUT DOWN PERIOD FOR BROKERS, CONVEYANCERS, ADMIN, ETC. JAN 4

It was amazing to see so many members of the local community at our first Halloween movie night. We hope you all had a fun night and we want to thank you for coming along.

There were some amazing costumes from all the kids (and the adults too!), it was great to see everyone getting in the spirit. A big congratulations to our giveaway winners and we can’t wait to see everyone again at future events!

We would also like to thank the team at Event Cinemas Westfield Coomera, they were awesome and made the process very smooth and as stressfree as possible for us.

$3591 Raised for the Mark Hughes Foundation

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EXPERIENCE THE

difference

Nathan and his team are a very professional and highly proactive operation that delivered a land block sale during a tough land market period for the specific area. They distinguished themselves by providing above standard activity and communications to a level that made us as vendors feel valued and in very capable hands. At all times the standard of interaction and support exceeded anything we have experienced previously and generated a strong level of confidence in his team and in the eventual sale transaction.

4 Frangipani Court Seller

From the moment we meet, Nathan was very friendly, easy to discuss things with and very helpful from the start of the process to the end . Was always available to answer any questions or queries we might have had. Kept informed throughout the buying process.

9 Girraween Street Buyer

From the moment I met this professional team they stood out from the rest. Service impeccable, professionalism at its best. Nathan and Kerry listened. They didn’t underestimate our beautiful home. They have an amazing sales approach I thought was a winner for us and YES it was. 4 days on the market and Sold for what we wanted. You won’t regret choosing Nathan and his team. Well done and thank you Nathan and the team at ALL PROPERTIES GROUP GOLD COAST

True professional. Nathan was excellent with communication. He was a pleasure to deal with and made the whole selling process very smooth. His confidence and honesty was refreshing. It only took two weeks to find a buyer and he also helped sell our buyer’s property to make sure the sale went through without a hitch. Highly recommend Nathan to anyone wanting to sell their property.

16 High Street Seller

9 Kurura Road Seller

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