45 35 $1,711,500 HIGHEST HOUSE SALE PRICE HOUSES SOLD $1,065,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White BANORA POINT MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 24 HOUSES LISTED For Sale $1,950,000 HIGHEST HOUSE LIST PRICE $750,000 LOWEST HOUSE LIST PRICE 9 $890,000 HIGHEST UNIT SALE PRICE UNITS SOLD $810,000 MEDIAN UNIT SALE PRICE Sold 8 UNITS LISTED For Sale $895,000 HIGHEST UNIT LIST PRICE $242,000 LOWEST UNIT LIST PRICE OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY UNITS/TOWNHOUSES/DUPLEX - INSIGHTS FOR THE LAST 8 WEEKS ONLY HOUSES - INSIGHTS FOR THE LAST 8 WEEKS ONLY 26 RAY WHITE TUGUN ELANORA AVERAGE DAYS ON MARKET 52% OUR CLOSEST COMPETITORS AUCTION CLEARANCE RATE 89% RAY WHITE TUGUN ELANORA AUCTION CLEARANCE RATE
BANORA POINT RECENT
1ST MARCH - 30TH APRIL 2024 SOLD A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E 46 Cashel Crescent 19 Seaview Road Banora Point Banora Point 3b 2b 1c $790,000 $1,405,000 Apr 24 2 Stonehaven Way 22 Satinash Terrace Banora Point Banora Point $807,000 $1,310,000 Apr 24 Apr 24 5b 3b 2c 3b 1b 1c 4b 2b 2c 86 Botanical Circuit 174 Darlington Drive Banora Point Banora Point 4b 2b 3c $1,295,000 $1,000,000 Apr 24 Apr 24 4b 2b 2c Apr 24 2/62 Ash Drive 16 Westray Avenue Banora Point Banora Point $816,108 $870,000 Apr 24 Apr 24 3b 1b 2c 4b 2b 2c 8/40 Martinelli Avenue 1 Worendo Place Banora Point Banora Point 4b 2b 2c $795,000 $1,125,000 Apr 24 Apr 24 3b 2b 2c 99 Winders Place Banora Point $960,000 Apr 24 3b 2b 2c 62 Lochlomond Drive 42 Oakland Place Banora Point Banora Point $1,711,000 $1,100,000 Apr 24 Mar 24 4b 3b 3c 5b 2b 1c 47 Bimbadeen Avenue 11 Sexton Hill Drive Banora Point Banora Point 4b 2b 2c $1,075,000 $800,000 Mar 24 Mar 24 4b 2b 2c 3/12-14 Comenara Crescent 38 Curtawilla Street Banora Point Banora Point $890,000 $915,000 Mar 24 Mar 24 3b 2b 2c 4b 2b 2c 49 Riverside Boulevard Banora Point 4b 3b 2c $1,191,250 Mar 24 8/13 Parkland Place Banora Point $823,000 Mar 24 3b 2b 2c 6 Jacabina Court 46 Terranora Road Banora Point Banora Point $1,121,000Mar 24 Mar 24 4b 2b 2c 3b 2b 2c 7 Cherry Court Banora Point 3b 2b 2c $930,000 Mar 24 94 Lochlomond Drive 1/2 Daintree Close Banora Point Banora Point $1,400,000 $897,000 Mar 24 Mar 24 4b 4b 4c 3b 2b 2c 29 Oyster Point Road Banora Point 5b 2b 3c $1,540,000 Mar 24 1 Pileena Street Banora Point - Mar 24 3b 2b 2c 18 Tralee Drive 38 Curtawilla Street Banora Point Banora Point $1,085,000 $915,000 Mar 24 Mar 24 4b 2b 2c 4b 2b 2c
SALES
SALES 1ST MARCH - 30TH APRIL 2024 SOLD A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E Recently Sold by Alex Phillips 8 Minto Place, Smiths Creek SOLD $1,130,000 Under the Hammer 52/6 Gray Street, Tweed Hds Wst SOLD $530,000 Post Auction 2 Stonehaven Way, Banora Point SOLD $807,000 Under the Hammer 3/17 Korina Avenue, Coolangatta SOLD $731,500 Private Treaty SCAN THIS QR CODE FOR AN OBLIGATION FREE PROPERTY APPRAISAL CURIOUS TO KNOW HOW THESE RESULTS EFFECT THE VALUE OF YOUR HOME? 4 Peter Street Banora Point 4b 3b 2c $1,650,000 Mar 24 2/43 Riversdale Boulevard 41 Castlegrag Avenue Banora Point Banora Point $805,000 $965,000 Mar 24 Mar 24 3b 2b 2c 4b 3b 2c 34 Castlegrag Avenue Banora Point 4b 2b 2c $1,300,000 Mar 24 2/34 Franklin Street Banora Point $875,000 Mar 24 4b 2b 2c 20/57-79 Leisure Drive 13/3-19 Amaroo Drive Banora Point Banora Point $496,000 $570,000 Mar 24 Mar 24 2b 1b 1c 2b 1b 1c 33 Ash Drive Banora Point 3b 1b 2c $892,550 Mar 24 3 Paperbark Court 12 Amaroo Drive Banora Point Banora Point $1,040,000 $1,085,000 Mar 24 Mar 24 5b 2b 2c 4b 2b 2c 14 Peppermint Place Banora Point 4b 3b 2c $1,065,000 Mar 24 19 Birkdale Court Banora Point $995,000 Mar 24 4b 2b 2c 27 Hibiscus Parade 20 Walter Crescent Banora Point Banora Point $1,180,000 $1,265,000 Mar 24 Mar 24 5b 2b 2c 3b 2b 1c 2/6 Covent Gardens Way Banora Point 3b 2b 2c $810,000 Mar 24 10/9-15 Monterey Avenue 76/73-101 Darlington Drive Banora Point Banora PointMar 24 Mar 24 3b 2b 1c 3b 1b 1c
BANORA POINT RECENT
NATIONAL MARKET WRAP
FROM THE DESK OF THE RAY WHITE ECONOMICS TEAM
Price growth continued again in April with Perth and regional Western Australia seeing the strongest price growth in the country Over the month, Sydney units were the only market where we saw a slight decline in prices Year-on-year we are seeing prices increase in every suburb of the country
The growth in pricing continues despite interest rates remaining high Inflation data released last week suggests interest rates are likely to remain higher for longer Whereas on the morning of April 24, markets were pricing in a cut for October 2024, by April 25, this timing had changed to April 2025 Looking at data at this exact point in time suggests no cut in 2024 We will have a better idea as to the impact on pricing of this change in the interest outlook in May.
Regardless, many of the drivers of house price growth continue Population growth is moderating, however, we built around 50,000 too few homes last year and it will take some time to catch up Construction costs remain elevated and we are off to a poor start to achieving what was set out in the Housing Accord of 1 2 million homes to be built over five years While it remains cheaper to buy an established home than build a new one, it means that price growth will continue
INSIGHTS
INSIGHTS
AUCTION INSIGHTS
Clearance rates have shown improved strength in 2024 Limited listings and ongoing need for housing stock has translated into good success at auction Results for March 2024 sit at 72 1%, slightly behind 2022 results of 73%, albeit well ahead of last year ’ s results With limited listing numbers and expectations of interest rate reductions, we expect to see greater urgency enter the market, keeping clearance rates elevated this year
FOR MORE PROPERTY MARKET INSIGHTS SCAN THE QR CODE TO READ THE LATEST EDITION OF THE RAY WHITE NOW REPORT
ELITE AGENT, ELITE EXPERIENCE
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
T U G U N O F F I C E
423 GOLDEN FOUR DR TUGUN QLD 4224
PH: (07) 5598 2577
E L A N O R A O F F I C E
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