Bilambil Heights
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
$1,210,000 Highest House Sale Price House sales achieved in January & February 2024
Suburb Average DOM *Statistics from Pricefinder and preliminary Auction data from Ray White January&February2024
9
54
$8,800,000 Total Worth of Property Sold $995,000 Median House Sale Price 35 RWTE Average DOM January&February2024
Suburb Auction Clearance January&February2024 88% RWTE Auction Clearance January&February2024
$510,000 Total Worth of Property Sold
HEIGHTS
- 29th February 2024 Highest Unit Sale Price Unit sales achieved in January & February 2024 Median Unit Sale Price $510,000 $510,000
58%
1
BILAMBIL
1st January
Recently Sold
BILAMBIL HEIGHTS
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
3 Yvonne Crescent Bilambil Heights 4b 2b 2c $995,000 Feb 24 142 Peninsula Drive Bilambil Heights 3b 2b 2c $765,000 Feb 24 27 Peninsula Drive Bilambil Heights 4b 2b 2c $800,000 Feb 24 136 Broadwater Esplanade Bilambil Heights 3b 1b 2c $930,000 Feb 24 79 Lakeview Terrace Bilambil Heights 4b 3b 2c $1,040,000 Feb 24 5 Cobaki Terrace Bilambil Heights 4b 2b 2c $1,140,000 Jan 24 6 Vail Court Bilambil Heights 4b 2b 4c $1,100,000 Jan 24 13 Simpson Drive Bilambil Heights 4b 3b 3c $1,210,000 Jan 24 91 Lakeview Terrace Bilambil Heights 5b 2b 2c $820,000 Jan 24 28/61 Marana Street Bilambil Heights 1b 1b 1c $510,000 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
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
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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