ELANORA RECENT SALES
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
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
Just Sold by Alicia Wilkins
1/373 Cypress Terrace, Palm Beach
SOLD $805,000
Private Treaty
801/3 Twenty Third Avenue, Palm Beach
SOLD $1,200,000
Private Treaty
7/8 Croft Court, Tugun
SOLD $1,000,000
Under the Hammer
24 Thrower Drive, Currumbin
SOLD $1,300,000
Under the Hammer
ELITE AGENT, ELITE EXPERIENCE
After excelling in her role as a sales associate to a team of high performing local agents she then stepped out as a sales agent in her own right. With an unwavering commitment to providing the very best in customer care the core focus of everything she does is you; whether it be securing a successful sale or helping you purchase your dream home Alicia will ensure that no stone is left unturned when working with you to achieve the very best result possible
Her passion for helping people is complimented by her unrelenting drive for excellence, which in turn ensures that her clients receive the highest level of service each and every time Encompassing over 9 years of extensive Real Estate experience, Alicia has built a reputation for delivering exceptional results that consistently exceed her clients’ expectations
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