quarterly JULSEP
MARKET REPORT
Nathan’s Market Wrap-up
Another 3 months have passed and I can’t believe we are now in the lead-up to Christmas.
During this quarter the market had multiple fluctuations in both prices, number of sales, and amount of stock. If you look around you would have also noticed that every suburb has been performing at different levels.
The biggest change was the start of September and leading into school holidays. We noticed a large lift in stock levels on the Northern Gold Coast which caused a drop in auction clearance rates and buyer attendance at open homes. However, the end of September through school holidays saw the opposite as many sellers held off putting their homes on the market.
Discussing with many industry experts we do expect the final quarter to be heavy on stock, however with many homeowners now “mortgage trapped” we don’t see it being enough to tip the scales into “crash” territory providing some confidence to current sellers.
For those considering making a move prior to Christmas, you have 6 weeks to make this happen. Should the timing not work for you, as has been my advice over the years, hold off and launch your home for sale in early January. This way the silly season has ended, banks and conveyancers are all back from shutdown but many buyers will still have time to view properties before “normal life” continues.
- Nathan
SOLD & SETTLED LAST QUARTER PROPERTIES SETTLED 14 20 POINCIANA PLACE $1.76M | SETTLED 2/13 JEAN STREET $619,000 | SETTLED 66 FOUNTAIN STREET $810,000 | SETTLED 12 KATINKA CIRCUIT $1.24M | SETTLED 8 GREENMOUNT STREET $885,000 | SETTLED 502 GAINSBOROUGH DRIVE $850,000 | SETTLED NEW CONTRACTS SIGNED 18 SETTLED VALUE $13,059,000
111 PARADISE PARADE $1.105M | SETTLED 4 WINDWARD PLACE $635,000 | SETTLED 38 PATHFINDER ROAD $950,000 | SETTLED 1/157 FRANK STREET $605,000 | SETTLED 28 OAKWOOD STREET $735,500 | SETTLED 5 RAINBOW CIRCUIT $1.135 | SETTLED TAP MEFOR AN I NSTANTVALUATIO N T AP MEFORAN INSTANT VALUATION
4 LOOBY CRESCENT $993,000 | SETTLED 20 CORMORANT CRESCENT $712,000 9 GREVILLEA CRESCENT $1.28M | SOLD 19 JONES STREET $723,000 | SOLD 14 CARINYA COURT $1.115M | SOLD 19 HIBISCUS CRESCENT $1.11M | SOLD
197 RIEMORE CIRCUIT SOLD 9 KURURA ROAD UNDER CONTRACT 13 SLACK STREET UNDER CONTRACT 408/360 MARINE PARADE UNDER CONTRACT 9 GIRRAWEEN STREET UNDER CONTRACT
case study
SET DATE SALE
197 RIEMORE CIRCUIT
We chose to use a no-price strategy due to no recent sale activity to help determine the price. In this instance, we realized most land buyers are conditional and wanted to open the market up to offers. This generated 19 offers in 8 days from 6 qualified buyers, of which only 1 could bid under Auction terms. The competition increased the price by over $100,000 from the initial offer and secured an unconditional offer within a short time frame using a deadline to build urgency.
4:30PM START DECEMBER 17TH BIM’BIMBA PARK, PIMPAMA FREE FACEPAINTING | FREE POPCORN FOOD TRUCKS | MARKET STALLS | FIREWORKS
Are you a local vendor? Or know someone who is? We have market stall spots still available for the night and we would love to have you. Get in touch to register your interest. $50PER STALL Grab your free tickets here to let us know you and yours will be in attendance it’s back and more than ever festive Come along to our second annual Christmas Movie in the Park event! Bring the whole family, with market stalls, food trucks, free face-painting, popcorn, a fireworks display, and of course a family-friendly movie, it is sure to be an awesome night! freetickets 0407 760 435 | NATHANSIMON.AU NATHAN.SIMON@ALLPROPERTIESGROUP.COM.AU
Santa Letters
Santa Claus is already hard at work in the North Pole and is getting ready to send out personalised letters to all of the kids that he finds on the nice list!
If your little ones would be excited to get a letter delivered in time for Christmas, all you need to do is register your details through the button below.
As a Gold Coast resident make sure you enter your referring agent as Nathan Simon.
GET A LETTER
Read our useful blog for sellers looking to up their property’s look
Catch up on content
CURRENT LISTINGS 127 PARADISE PARADE $1.25M+ 4 FRANGIPANI COURT $999,000 ONO 16 HIGH STREET $1.25M+ 3 IBIS PARADE $999,000+ 17 COURTNEY DRIVE 43 POINCIANA PLACE COMING SOON 181 RIEMORE CIRCUIT $1.65M+
EXPERIENCE THE Difference
Nathan and his team were amazing! Easily contactable, transparent, supportive, and informative. It made the selling process very easy. I can’t thank Nathan and his team enough and we have definitely found the agents we will use going forward!
Nathan, Kerry and the team were amazing. They were prompt with any request we had or information we needed and have been so incredibly helpful through every step. I have already recommended them to all the neighbours and would use their services again in a heartbeat. Never had a more useful, informative and fantastic agent before. If I could give them more stars I would
19 Jones Street Sellers
See more reviews
19 Hibiscus Crescent Sellers
Proudly sponsoring: Support the agent supporting our local community. Considering selling? ALL DATA IS PREPARED USING CORELOGIC RP DATA AND IS BASED ON INFORMATION DISCLOSED AS OF THE 4TH OF MAY. THIS INFORMATION IS SUBJECT TO CHANGE. 0407 760 435 | nathansimon.au nathan.simon@allproperties groups.com.au