2024 Market Insights - Compliments of John Parkes

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K I C K E D

O F F

W I T H

A

BANG! SHORES OF PROSPERITY:

thrilling heights ahead

Our first RWTE Online Auction event for 2024 proved to be a remarkable success! Achieving a 100% clearance rate and surpassing our sellers' expectations by a combined total of $500,000 earnt above reserve. With an average of 8.6

I'm delighted to share that the Southern Gold Coast property

registered bidders & days on market at a low 21 days, it’s

market is off to an electrifying start this year. The preliminary

clear local homeowners can continue to expect incredible

phase is over, and here's the tea: In the last fortnight alone, our

results from our RWTE Online Auction Events in 2024.

team unveiled an exciting array of new listings, sparking a flurry of interest with 379 email enquiries and a whopping 1,952

The future for the local property market is teeming with

calls. The energy is palpable, and we're thrilled to be at the

promise! I hope you find the following markets statistics

forefront of this dynamic market!

insightful. As always, I am here to assist you with all your real estate needs. Feel free to get in touch today for a no-

Australia’s property market has officially fully recovered from

obligation discussion.

the 2022 downturn. Despite predictions property prices would begin to decline in 2023 with the rising interest rates, exciting new data has revealed the Southern Gold Coast has seen month on month price growth for 11 consecutive months.

Property owners still holding the advantage as the supply and demand balance tilts in their favour, despite all of the 2023 interest rate rises.

WWW.RAYWHITETUGUNELANORA.COM.AU

John Parkes BEACHSIDE SPECIALIST 0418 245 590 john.parkes@raywhite.com


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