Sieze your opportunity
this festive season
As we near the festive season, the Southern Gold Coast real estate market is buzzing with activity, offering plenty of opportunities for those looking to buy or sell. With strong demand, limited stock, and the allure of beachfront and hinterland properties, our local market is set for a dynamic summer ahead.
Our auction clearance rate this year stands at an impressive 87%, reinforcing that auctions remain the best way to achieve outstanding results. Our dynamic online auction process, once a vision of the future, is now the superior choice—seamlessly efficient, accessible, and designed to maximise value.
Whether you're considering a move or just staying informed, now is the ideal time to explore your real estate options before the busiest season of the year—the January New Year market— kicks in!
We hope you enjoy this market update as we wrap up another exciting year in real estate. From all of us here, we wish you and your loved ones a joyful and restful Christmas and a prosperous start to the New Year!
NATIONAL MARKET UPDATE: PRICE MOVEMENT
BY RAY WHITES CHIEF ECONOMIST Nerida Conisbee
The Australian residential property market remains steady, with house and unit prices both seeing a modest 0.4% rise this month, signaling stability amid slowing growth. Market performance, however, varies significantly by state and region, influenced by local economic factors. In the broader economy, August’s CPI of 2.7% aligns with the Reserve Bank's target range, prompting optimism for potential interest rate cuts next year. Over the past year, house prices have surged 8.3% nationally to an average of $900,122, while units have risen 6.4% to $669,708. Brisbane leads in annual house price growth, supported by strong demand from interstate migration and robust local conditions. For a detailed breakdown, scan the QR code adjacent.
DANIEL TAVENER
LAYLA M c C RACKEN
November Online Auction Events - 14th, 21st, 28th
December Online Auction Events - 5th
March Online Auction Events - 13th, 20th, 27th Events
- 6th, 20th, 27th
news & updates
Little Tommy's in currumbin has transformed into a mexican taqueria!
Get ready for a spicy shake-up! Little Tommy’s – the spirited younger sibling of Currumbin’s eternally popular Tommy’s Italian – has undergone a delicious transformation, turning into Tommy’s Taco Bar. Bringing a taste of Mexico to the Currumbin creekside, the first thing you should know is that Tommy’s Taco Bar is here for a good time, not a long time, although there is no specific date for its departure.
The motivation for Tommy’s Taco Bar was to offer price points that could appeal to a broad range of diners. “The idea was to provide an affordable menu while also enhancing the bar area,” Tom says. “With Italian, people usually come for wine and food, but it was time to mix it up with nice, cheap food that pairs well with good alcohol. Everyone loves a good margarita!”
2/140 Duringan Street, Currumbin tommystacobar.com.au
Open Tuesday - Saturday 5-9pm
palm beach aquatic & community centre opens
The Southern Gold Coast’s largest community facility has officially reopened following an $87.5 million refurbishment, necessary to meet the demands of one of the city’s fastest growing regions.
The centre’s opening hours are Monday to Friday 5am – 8pm, Saturday 6am – 5pm and Sunday 7am – 4pm.
For further details about the centre, visit City of Gold Coast website.
Interested in discovering your home's current value ?
With the property arket constantly evolving, now mught be the perfect time to reasses the value of your home. Whether you're considering selling, refinancing, or simply curious, knowing your property's worth can provide valuable insight for future decisions. Reach out or scan the QR Code today for a no obligation property appraisal and discover your home's true potential in the current market!
Dion Zorko 0416 516 652 dion.zorko@raywhite.com
