8 Week Suburb Snapshot: Elanora - Daniel Jeffries by RayWhiteTugunElanora

45 19 $2,500,000 HIGHEST HOUSE SALE PRICE HOUSES SOLD $1,430,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White

1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 21 HOUSES LISTED For Sale $1,750,000 HIGHEST HOUSE LIST PRICE $1,000,000 LOWEST HOUSE LIST PRICE 11 $955,000 HIGHEST UNIT SALE PRICE UNITS SOLD $760,000 MEDIAN UNIT SALE PRICE Sold 3 UNITS LISTED For Sale $840,000 HIGHEST UNIT LIST PRICE $700,000 LOWEST UNIT LIST PRICE OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY UNIT/TOWNHOUSE/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

ELANORA MARKET INSIGHTS

ELANORA RECENT SALES

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 16 Fatsia

37/15

Elanora Elanora 3b 1b 1c $965,00015A Sapphire Place 82/2-10 Coolgardie Street Elanora Elanora $995,000 $750,000 3b 2b 1c 3b 2b 2c 3b 1b 1c 45 Avocado Street 199 Nineteenth Avenue Elanora Elanora 3b 2b 2c$1,650,000 3b 2b 2c 49 Saffron Street 1 Element Street Elanora Elanora $1,005,000 $2,500,000 3b 2b 2c 6b 4b 2c 65 Guineas Creek Road Elanora 3b 2b 2c $1,470,000 14/31 Simpsons Road Elanora 2b 1b 4c $735,000 23/2-10 Coolgardie 3/16 Sapphire Place Elanora Elanora 3b 1b 1c $760,000 $830,000 98 Murtha Drive 69/31 Simpsons Road Elanora Elanora $1,330,0003b 2b 1c 4b 2b 2c 3b 2b 1c 14 Seabrook Street 2/2-10 Coolgardie Street Elanora Elanora 4b 2b 2c $1,000,000 $852,500 3b 2b 1c 38 Nollamara Drive 4 Balsa Street Elanora Elanora $1,760,000 $1,270,000 4b 2b 2c 4b 2b 3c 31/31 Simpson Road Elanora 2b 2b 0c $625,000 34 Jarrahdale Drive Elanora 3b 2b 3c $1,635,000 75 Angelica Street 127 Murtha Drive Elanora Elanora $1,129,200 $1,460,000 3b 2b 2c 3b 2b 4c 68 Murtha Drive Elanora 3b 2b 2c $1,250,000 37 Hibertia Avenue Elanora 4b 2b 2c $1,225,000 272 Nineteenth Avenue 8 Sunbird Court Elanora Elanora $1,675,000 $1,430,000 4b 2b 2c 4b 2b 4c 68/11 Araucaria Way Elanora 2b 1b 1c $617,000 5/232 Guineas Creek Road Elanora 3b 2b 1c $820,000 43 Northlakes Drive 191 Nineteenth Avenue Elanora Elanora $1,550,000 $1,590,000 4b 2b 2c 3b 2b 2c 36 Saffron Street Elanora 3b 2b 2c $1,250,000 39/15 Simpsons Road Elanora 3b 2b 1c $720,000 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Apr 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24

1ST

Court

Simpsons Road

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