Banora Point Snapshot ~ August & September 23' ~ Alex Phillips by RayWhiteTugun

42 $1,995,000 Highest House Sale Price House sales achieved in the last 8 weeks $915,000 Median House Sale Price 9 $868,500 Highest Duplex Sale Price Duplex/Town House sales achieved in the last 8 weeks $650,000 Median Duplex Sale Price 46 Suburb Average DOM 26 RWTE Average DOM 56.3% Suburb Auction Clearance 88% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite 1st August - 30th September 2023 August&September2023 August&September2023 August&September2023 August&September2023

MARKET INSIGHTS Banora Point

1st August - 30th September 2023

ADDRESS SUBURB PARTICULARS PRICE DATE *All information sourced is from Pricefinder & this report provides an overview of all sales that have taken place in the area, by all agents not only those of Ray White Tugun/Elanora but other agencies as well In preparing this document we have used our best endeavours to ensure the information contained herein is true and accurate but we accept no responsibility and disclaim all liability in respect to any errors omissions inaccuracies or misstatements that may occur

RECENT SALES

7 Donegal Court 1/49 Bimbadeen Avenue Banora Point Banora Point 4b 2b 2c $950,000 $766,000 12 Birnam Avenue 139 Darlington Drive Banora Point Banora Point $750,000 $995,000 3b 2b 1c 3b 1b 1c 4b 3b 2c 7 Peppermint Place 39 Shamrock Avenue Banora Point Banora Point 4b 2b 2c $1,130,0002/11 Rosnay Court 5 Birkdale Court Banora Point Banora Point $767,000 $1,150,000 4b 3b 2c 3b 2b 2c 5b 2b 2c 8/15 Avondale Drive Banora Point $723,000 3b 2b 2c 15/17-21 Monterey Avenue Banora Point $650,000 3b 3b 1c Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 2/22 Anthony Avenue 13/17-21 Monterey Avenue Banora Point Banora Point 3b 2b 2c $850,000 $665,000 19 Bluegum Boulevard 15 Sexton Hill Banora Point Banora Point $850,000 $1,075,000 3b 3b 1c 3b 1b 1c 5b 2b 3c 10 Bimbadeen Avenue Banora Point $1,050,000 4b 3b 2c 8 Cominan Avenue Banora Point $830,000 4b 2b 2c Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 Aug 23 51A Laura Street 10/15 Avondale Drive Banora Point Banora Point $750,000 $723,000 3b 2b 2c Aug 23 Aug 23 3b 1b 1c 81 Laura Street Banora Point $1,800,000 4b 3b 3c Aug 23 54 Covent Gardens Way Banora Point $750,000 3b 1b 1c Aug 23 95 Bimbadeen Avenue Banora Point $1,051,000 3b 2b 2c Aug 23 13 Bimbadeen Avenue Banora Point $1,052,000 3b 2b 2c Aug 23 18 Tyrone Terrace Banora Point $849,000 4b 2b 1c Aug 23 40 Fraser Drive Banora Point $1,500,000 - Aug 23 144 Pioneer Parade Banora Point $891,144 3b 2b 2c Aug 23 74 Botanical Circuit Banora Point $1,235,000 4b 2b 2c Aug 23

Banora Point

*All information sourced is from Pricefinder & this report provides an overview of all sales that have taken place in the area, by all agents not only those of Ray White Tugun/Elanora but other agencies as well In preparing this document we have used our best endeavours to ensure the information contained herein is true and accurate but we accept no responsibility and disclaim all liability in respect to any errors omissions inaccuracies or misstatements that may occur 24 Cashel Crescent Banora Point $1,045,000 71/57-79 Leisure Drive 53 Franklin Street Banora Point Banora Point $480,000 $1,190,000 4b 2b 2c 2b 1b 1c 4b 2b 2c 166 Darlington Drive Banora Point $860,000 1 Bentley Way 5 Dromara Court Banora Point Banora Point $830,000 $1,275,000 3b 3b 2c 2b 2b 2c 5b 3b 2c 17 Lilly Pilly Drive Banora Point $565,000 2b 1b 3c Sep 23 Sep 23 Sep 23 Sep 23 Sep 23 Sep 23 Sep 23 8 Kelburn Close Banora Point $1,125,000 4b 2b 2c Sep 23 23 Brighton Street Banora Point $900,000 4b 2b 2c Sep 23 16/3-7 Monterey Avenue Banora Point $590,000 3b 2b 1c Sep 23 35 Firewheel Way Banora Point $930,000 5b 2b 4c Sep 23 2 Golf View Court Banora Point - 4b 2b 2c Sep 23 1/25 Flemington Street Banora Point $868,500 3b 2b 2c Sep 23 13 Kimberley Circuit Banora Point - 2b 2b 2c Sep 23 1/7 Sycamore Court Banora Point $650,000 3b 2b 1c Sep 23 11 Elsie Street Banora Point $831,000 3b 2b 2c Sep 23 12 Merion Court Banora Point $930,000 3b 2b 2c Sep 23 42 Kildare Drive Banora Point $801,000 3b 1b 2c Sep 23 85 Oyster Point Drive Banora Point $801,000 3b 1b 2c Sep 23 17 Walter Crescent Banora Point $1,995,000 5b 3b 4c Sep 23 24 Pacific Drive Banora Point $1,325,000 4b 2b 0c Sep 23 6 Magnolia Crescent Banora Point $1,280,000 4b 2b 2c Aug 23 1/11 Parkland Place Banora Point $622,000 3b 2b 1c Aug 23 6 Links Street Banora Point $995,000 4b 2b 2c Aug 23 ADDRESS SUBURB PARTICULARS PRICE DATE RECENT SALES 1st August - 30th September 2023 Banora Point 11 Greendale Place Banora Point $886,300 3b 2b 2c Aug 23

WHY SELL NOW?

REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE

We are well & truly in the midst of Spring selling! The Spring selling season is classed as one of the best times to sell your property After all, gardens are looking their best, buyers are happy to come out in the warmth for open home inspections, and a Spring purchase means buyers will be in their new home in time for the end of year holiday season

With housing inventory tracking at unprecedented lows throughout most of 2023, it is unsuprising that as we enter this traditionally advantagous selling period that we are seeing a surge in local homeowners bringing their property to market

While there was speculation that house price growth would slow once more properties became available for sale, this doesn’t seem to be the case, with all capital cities now recording year-on-year price increases Buyer demand remains robust, despite finance costs and the relative difficulties in getting a home loan compared to 18 months ago.

Continuing strong rental growth conditions are leading more people to consider buying their own homes, while a lack of new home builds are pushing more into the established home market. With interest rates at or close to peak, it’s likely greater certainty about where rates will settle will also be a factor

This strength in buyer demand is showing up real time at Ray White auctions Despite the number of properties going to auction in August being 10 per cent higher than last year, the number of active bidders is up 27 per cent There are now significantly more people bidding even though auction numbers are up

Data like this should be a barometer for your decision making The real estate landscape moves quickly and identifying trends and movements is more important than ever With top-end market results tipped to continue throughout Spring, we encourage our prospective sellers to take advantage of the favourable market conditions - sooner rather than later

ELITE AGENT, ELITE EXPERIENCE Alex Phillips Forward thinking and fast paced by nature, Alex has an unrivalled flair for customer service having previously owned a business within the hospitality industry It’s his lively character paired with the ability to connect that allows him to establish rapport with his clients in no time at all Relocating his young family to the Gold Coast in 2015, Alex and his wife Alicia, have a weighted appreciation of the opportunities & lifestyle our region offers Now in the position to raise their children to see the value of hard work, dedication and ambition while teaching them the importance of a hearty, healthful lifestyle These are principles in life that ultimately reflect in Alex's work ethic Humble enough to know all good things take time; with plenty of resources to identify the right answer, he’s approaching each sale from all angles And making sure your campaign’s getting his best one 0404 335 212 alex.phillips@raywhite.com alex phillips rwte S C A N / C L I C K T H E Q R C O D E F O R A N O B L I G A T I O N F R E E P R O P E R T Y A P P R A I S A L C U R I O U S T O K N O W H O W T H E S E R E C E N T R E S U L T S M A Y H A V E I N F L U E N C E D T H E P R I C E O F Y O U R P R O P E R T Y ?

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