6 $2,025,000 Highest House Sale Price House sales achieved in the last 8 weeks $1,550,000 Median House Sale Price 29 $4,000,000 Highest Apartment Sale Price Apartment sales achieved in the last 8 weeks $1,025,000 Median Apartment Sale Price 75 Average DOM 36 RWTE Average DOM 61% Auction Clearance 88% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite MARKET INSIGHTS Coolangatta 1st August - 30th September 2023 August&September2023 August&September2023 August&September2023 August&September2023
ADDRESS SUBURB PARTICULARS PRICE DATE *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur RECENT SALES 26 Korina Avenue 109 McLean Street Coolangatta Coolangatta 3b 1b 1c $1,450,000 $1,900,000 Aug 23 67B Rutledge Street Coolangatta $1,650,000 Aug 23 3b 2b 2c 4b 2b 2c 501/13-15 Haig Street 117/70-80 Marine Parade Coolangatta Coolangatta 2b 2b 1c $900,000 $4,000,000 Aug 23 Aug 23 22/22 Musgrave Street 1006/3 McLean Street Coolangatta Coolangatta $610,000 $1,475,000 Aug 23 Aug 23 3b 3b 2c 1b 1b 1c 2b 2b 2c Aug 23 8/126 Musgrave Street Coolangatta $645,000 99/80 Marine Parade 5/74 Stapylton Street Coolangatta Coolangatta $2,200,000 $865,000 Aug 23 Aug 23 2b 1b 1c 3b 2b 2c 2b 1b 2c 2/54 Mclean Street Coolangatta 3b 2b 2c $1,525,000 Aug 23 Aug 23 Coolangatta 1st August - 30th September 2023 2/31 Dutton Street Coolangatta $805,000 Aug 23 2b 2b 2c 21 Stapylton Street Coolangatta $1,290,000 Aug 23 4b 2b 2c 1/24 Eden Avenue Coolangatta - Aug 23 1b 1b 1c 71 Garrick Street Coolangatta - Aug 23 4b 3b 3c 54/62-68 Marine Parade Coolangatta $1,300,000 Aug 23 2b 2b 1c 1207/88 Marine Parade Coolangatta $1,560,000 Aug 23 3b 2b 2c 702/192 Marine Parade Coolangatta $3,800,000 Aug 23 3b 3b -c 15/80 Marine Parade Coolangatta $1,420,000 Aug 23 3b 3b 1c
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur Sep 23 1/28 Miles Street Coolangatta $600,000 2b 1b 1c Sep 23 1004/1-3 Douglas Street Coolangatta - 2b 2b 1c Sep 23 71 Dixon Street Coolangatta $2,025,000 5b 3b 3c Sep 23 1/65 Stapylton Street Coolangatta $680,000 2b 1b 1c Sep 23 42/2-8 Creek Street Coolangatta $1,475,000 2b 2b 0c Sep 23 2/2 Creek Street Coolangatta $1,025,000 2b 2b 1c Sep 23 8/76 Coolangatta Road Coolangatta $765,000 2b 1b 1c Sep 23 7/2-8 Creek Street Coolangatta $1,025,000 2b 2b 1c Sep 23 3/20 Dutton Street Coolangatta $900,000ADDRESS SUBURB PARTICULARS PRICE DATE
Coolangatta 1st August - 30th September 2023 Sep 23 211-213/99 Griffith Street Coolangatta $1,050,000 2b 2b 0c Sep 23 Sep 23 Sep 23 Sep 23 Sep 23 1/65 Stapylton Street Coolangatta 2b 1b 1c $680,000 12/15-17 South Street 1906/110 Marine Parade Coolangatta Coolangatta $770,000 $2,900,000 2b 2b 1c 3b 2b 3c 26/5 Hill Street 603/6 Coyne Street Coolangatta Coolangatta 2b 2b 1c $840,000 $1,175,000 2b 2b 1c Sep 23 14/72 Dutton Street Coolangatta $720,000 2b 2b 1c Sep 23 1/28 Miles Street Coolangatta $600,000 2b 1b 1c
RECENT SALES
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
WELCOME HOME Recently Sold by
Ray White Tugun Elanora
109 McLean Street, Coolangatta
SOLD $1,900,000
Sold Auction Weekend
67a Rutledge Street, Coolangatta
SOLD $1,550,000
Under the Hammer
26/5 Hill Street, Coolangatta
SOLD $840,000
Under the Hammer
31 Rutledge Street, Coolangatta
SOLD $2,207,000
Post Auction
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 ?
Online Auction Experience
AUSTRALIA'S LARGEST ONLINE AUCTION EVENT
Sell your property on a monumental scale with the backing of Australia’s #1 Real Estate Network. No other marketing campaign has the potential to reach more buyers or build more profile on a national level.
ACHIEVE THE HIGHEST POSSIBLE PRICE ON THE VERY BEST TERMS
Ray White proudly conducted 465 auctions across Southern Queensland & Northern New South Wales in February alone with an average of 5.4 registered bidders per property. With 6 in every 10 Auctions selling in 3 weeks or less, with no finance, no building and pest clause, and no cooling off period. Our consistent objective on every individual campaign is simple, to achieve the highest price on the very best terms for our sellers.
MAXIMUM EXPOSURE & UNPARALLELED SUCCESS
From first home buyers to downsizers, investors & expats, Australia's best Online Auction offices will bring together the largest qualified buyer pool no matter where they are located. Our ability to draw a crowd and create competition has benefited past sellers whose sale price achieved under the hammer was on average at least 11% higher than the best offer they received prior to Auction in February.
Interested in selling, buying or watching this event?
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W E D N E S D A Y , 1 5 T H N O V E M B E R F R O M 2 P M
R A Y W H I T E Q U E E N S L A N D ’ S www.raywhitetugunelanora.com.au
