Banora Point
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
$1,535,000 Highest House Sale Price
sales achieved in January & February 2024
Suburb Average DOM *Statistics from Pricefinder and preliminary Auction data from Ray White January&February2024
29
House
41
$27,564,501 Total Worth of Property Sold $950,500 Median House Sale Price 32 RWTE Average DOM January&February2024
Suburb Auction Clearance January&February2024 88% RWTE Auction Clearance January&February2024
$960,000 $12,043,200 Total Worth of Property Sold $771,600 BANORA POINT
29th
2024
Unit Sale Price Unit sales achieved in January & February 2024 Median Unit Sale Price
58%
16
1st January -
February
Highest
Recently Sold
BANORA POINT
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
10 Echuca Crescent Banora Point 4b 3b 2c $1,296,000 Feb 24 1-11 Kentia Crescent Banora Point 3b 1b 1c $620,000 Feb 24 2/233 Darlington Drive Banora Point 4b 2b 2c $963,000 Feb 24 2/34 Franklin Street Banora Point 3b 2b 2c $875,000 Feb 24 11/1-11 Kentia Crescent Banora Point 3b 1b 1c $620,000 Feb 24 15/291 Darlington Drive Banora Point 3b 1b 1c $625,000 Feb 24 3 Azalea Court Banora Point 3b 1b 3c $870,000 Feb 24 5 Jarrah Place Banora Point 3b 2b 2c $950,000 5 Kelburn Close Banora Point 4b 2b 2c $940,000 Feb 24 2/25 Westwood Street Banora Point 3b 2b -c $910,000 Feb 24 31/68 Darlington Drive Banora Point 2b 2b 1c $610,000 Feb 24 2 Tecoma Place Banora Point 4b 3b 4c $1,042,500 Feb 24 1/8 Advocate Place Banora Point 3b 2b 3c $825,000 Feb 24 108 Darlington Drive Banora Point 4b 2b 2c $900,000 Feb 24 40/24 Seaview Road Banora Point - $960,000 Feb 24 12 Glen Ayr Drive Banora Point 4b 2b 2c $975,000 Feb 24 59/57-79 Leisure Drive Banora Point 2b 1b -c $560,000 Feb 24 48 Amaroo Drive Banora Point 3b 2b 2c $1,000,000 Feb 24 12/3-19 Amaroo Drive Banora Point 2b 1b 1c $550,000 Feb 24 5 Mibbin Parade Banora Point 4b 2b 2c $1,060,000 Feb 24 24 Summit Drive Banora Point 3b 3b 2c $1,020,000 Feb 24 4/68 Darlington Drive Banora Point 2b 2b 1c $620,000 Feb 24 3 Concord Street Banora Point 3b 1b -c - Feb 24
Feb 24
Recently Sold
BANORA POINT
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
2/107 Old Ferry Road Banora Point 4b 2b 2c $788,200 Feb 24 25/4 Advocate Place Banora Point 3b 2b 1c $620,000 Feb 24 8 Alpha Way Banora Point 3b 2b 2c $940,000 Feb 24 2/8 Seafarer Place Banora Point 2b 2b 1c $875,000 Jan 24 1/77 Old Ferry Road Banora Point 4b 3b 2c $950,000 Jan 24 1/1 Advocate Place Banora Point 3b 2b 2c $878,000 Jan 24 17 Bluegum Boulevard Banora Point 4b 2b 2c $1,150,000 Jan 24 12 Firestone Drive Banora Point 4b 2b 3c $1,130,000 Jan 24 11 Westwood Street Banora Point 4b 2b 2c $1,090,000 1/325 Darlington Dr Banora Point - $755,000 Jan 24 2 Kakadu Court Banora Point 3b 2b 2c $1,040,000 Feb 24 4 Greendale Place Banora Point 3b 2b 2c $869,000 Feb 24 11 Dundee Drive Banora Point 4b 2b -c $1,340,000 Jan 24 116 Ash Drive Banora Point 4b 2b 2c - Jan 24 9 Mourne Terrace Banora Point 4b 3b 2c $1,283,000 Jan 24 309 Darlington Drive Banora Point 4b 2b 2c $950,000 Jan 24 55 Glen Ayr Drive Banora Point 4b 2b 2c $1,100,000 Jan 24 1/325 Darlington Drive Banora Point 3b 1b 1c $755,000 Jan 24 1/31 Firestone Dr Banora Point 3b 2b 2c $865,000 Jan 24 9 Midship Court Banora Point 3b 2b -c $700,000 Jan 24
1st January - 29th February 2024 Jan 24 8 Walter Crescent Banora Point 4b 3b 3c $1,535,000 Jan 24
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply
With supply levels expected to remain limited this year despite some stability in construction costs emerging, sentiment surrounding interest rates being at their peak are likely to lead to continued price growth
Listing volumes ended 2023 aligned with results in 2022; historically, December has subdued results given the holiday season January, historically, also has a slower start to the year, however preliminary data for 2024 is suggesting alignment with prior years While price growth usually results in greater properties coming to market, the mismatch between construction and population has led to sellers being cautious about bringing their home to market
Auction clearance rates did see some decline during the end of 2023, yet remained ahead of 2022 results Auction clearance rate results for January 2024 have shown encouraging results on the Southern Gold Coast, with Ray White Tugun Elanora achieving 100 per cent, ahead of the 2023 rate of 86 per cent Lack of stock, resulting in greater competition at auction despite elevated interest rates, will likely continue to be a feature this year
Bidder activity across the Ray White Group has shown significant improvements in 2024, with the number of active bidders up, with registered bidders also showing increase As listings remain tight, competition to secure homes will likely result in greater bidder activity this year
Al Ph ll s
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
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 ?
0404 335 212
alex phillips@raywhite com alex phillips rwte
THE GOLD COASTS 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 333 auctions across Queensland in January alone with an average of 5.5 registered bidders per property. With 7 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, the Gold Coasts most skilled and experienced 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 12% higher than the best offer they received prior to Auction in January.
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