35 5 $1,450,000 HIGHEST HOUSE SALE PRICE HOUSES SOLD $961,600 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White TWEED HEADS SOUTH MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 6 HOUSES LISTED For Sale $1,142,858 HIGHEST HOUSE LIST PRICE $650,000 LOWEST HOUSE LIST PRICE 14 $900,000 HIGHEST UNIT SALE PRICE UNITS SOLD $550,000 MEDIAN UNIT SALE PRICE Sold 6 UNITS LISTED For Sale $750,000 HIGHEST UNIT LIST PRICE $600,000 LOWEST UNIT LIST PRICE OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY UNITS - 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
TWEED HEADS SOUTH RECENT SALES
from Pricefinder and preliminary Auction data from Ray White
- 30TH APRIL 2024 SOLD ADDRESS SUBURB PARTICULARS PRICE DATE 11 Coquille Place 26 Alexander Court Tweed Heads South Tweed Heads South 4b 3b 4c $1,210,000 $650,000 Apr 24 112 Dry Dock Road 20 Robin Circuit Tweed Heads South Tweed Heads South $378,000 $1,200,000 Apr 24 Apr 24 2b 1b 1c 2b 1b 1c 4b 2b 2c 2/4 William Street 19/39-47 Soorley Street Tweed Heads South Tweed Heads South 2b 1b 1c $550,000 $677,500 Apr 24 Apr 24 2b 2b 1c Apr 24 7/33 Lloyd Street 2/6 William Street Tweed Heads South Tweed Heads South $575,000 $590,000 Mar 24 Mar 24 2b 2b 1c 2b 2b 1c 1/36 Vintage Lakes Drive 2/31 Lloyd Street Tweed Heads South Tweed Heads South 3b 2b 4c $791,000 $620,000 Mar 24 Mar 24 2b 2b 1c 1/6-8 Alexander Court Tweed Heads South $900,000 Mar 24 3b 2b 3c 6/14 Lorikeet Drive 130/2 Falcon Way Tweed Heads South Tweed Heads South $700,000 $775,000 Mar 24 Mar 24 3b 2b 2c 3b 2b 2c 103/2 Falcon Way 21/33 Lloyd Street Tweed Heads South Tweed Heads South 3b 2b 2c $658,000 $620,000 Mar 24 Mar 24 2b 2b 1c 1/21 Lloyd Street 54-56 Lakeview Parade Tweed Heads South Tweed Heads South $617,050 $1,420,000 Mar 24 Mar 24 2b 1b 1c 5b 3b 2c 2 Dry Dock Road Tweed Heads South 3b 2b 1c $600,000 Mar 24 *Statistics
1ST MARCH
FROM THE DESK OF THE RAY WHITE ECONOMICS TEAM INSIGHTS
NATIONAL MARKET WRAP
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
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
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WELCOME HOME
2 Stonehaven Way, Banora Point
SOLD $807,000 Under the Hammer
8 Minto Place, Smiths Creek
SOLD $1,130,000
Under the Hammer
52/6 Gray Street, Tweed Heads West
SOLD $530,000 Post Auction
3/17 Korina Avenue, Coolangatta
SOLD $731 500 Private Treaty
SOLD
Recently Sold by Alex Phillips
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KNOW HOW THESE RESULTS EFFECT THE VALUE OF YOUR HOME?
CURIOUS TO
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
19TH AVE SHOPPING PLAZA
ELANORA QLD 4221
PH: (07) 5576 1011
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