MARKET INSIGHTS 12 $1,690,000 Highest House Sale Price House sales achieved in the last 8 weeks $1,182,500 Median House Sale Price 28 $3,475,000 Highest Apartment Sale Price Apartment sales achieved in the last 8 weeks $1,175,000 Median Apartment Sale Price 47 Suburb Average DOM 26 RWTE Average DOM 75% Suburb Auction Clearance 100% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite August&September2023 August&September2023 August&September2023 August&September2023 Tugun & Bilinga 1st August - 30th September 2023
Tugun & Bilinga
1st August - 30th September 2023
RECENT SALES
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE 2/3 Teemangum Street 22/23 Alinjarra Drive Tugun Tugun 4b 4b 4c $1,150,000 $620,000 Aug 23 10/387 Golden Four Drive 40 Cabarita Avenue Tugun Tugun $1,350,000 $1,850,000 Aug 23 Aug 23 2b 1b 2c 2b 2b 1c 4b 3b 2c 36/437 Golden Four Drive 5/405 Golden Four Drive Tugun Tugun 2b 2b 1c $770,000 $2,260,000 Aug 23 Aug 23 9/2 Inland Drive 50 Dilgara Street Tugun Tugun $865,000 $940,000 Aug 23 Aug 23 3b 2b 2c 3b 2b 2c 4b 3b 2c Aug 23 22/437 Golden Four Drive Tugun $1,175,000 Aug 23 2b 2b 1c 60 Wagawn Street 40 Mirreen Drive Tugun Tugun $917,000 $1,145,000 Aug 23 Aug 23 2b 1b 1c 4b 2b 2c 40/387 Golden Four Drive Tugun $1,206,000 Aug 23 2b 2b 1c 14 Durran Street Tugun $1,100,000 Aug 23 5b 2b 1c 19 Durran Street Tugun $925,000 Aug 23 3b 1b 1c 14/4 Archer Street 6/3 Johnston Street Bilinga Bilinga 2b 2b 2c $900,000 $1,470,000 Aug 23 3/241 Golden Four Drive 6/2 Gibson Street Bilinga Bilinga $950,000 $1,040,000 Aug 23 Aug 23 3b 2b 2c 2b 2b 1c 2b 2b 2c Aug 23 2/6 Jodie Street Tugun $950,000 Aug 23 3b 2b 1c 2/6 Chaffey Street Tugun $950,000 Aug 23 3b 1b 2c 16 French Street Tugun $1,110,000 Aug 23 5b 3b 4c 37/387 Golden Four Drive Tugun $1,206,000 Aug 23 2b 2b 0c 3/105 Golden Four Drive 404/73 Golden Four Drive Bilinga Bilinga $531,000 $1,400,000 Aug 23 Sep 23 1b 1b 1c4/14 Pacific Parade Bilinga $3,475,000 Sep 23 3b 2b 1c 3/114 Pacific Parade Tugun $2,600,000 Sep 23 3b 1b 2c
1st August - 30th September 2023
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur 3/29 Atkin Street Tugun $625,000 Sept 23 2b 1b 1c 16 Dinjirra Court 2/9 Triton Parade Tugun Tugun $1,275,000 $790,000 Sept 23 Sept 23 4b 3b 3c 3b 2b 1c 2/39 Hillcrest Avenue Tugun $1,000,000 Sept 23 3b 2b 2c 37 Marion Street Tugun $1,420,000 Sept 23 4b 2b 3c 71 Toolona Street Tugun $1,220,000 Sept 23 2b 1b 2c Sept 23 6 Pimpala Court 3/15 Wyberba Street Tugun Tugun $1,690,000 $1,325,000 Sept 23 Sept 23 4b 3b 5c 3b 2b 2c 149/2 Inland Drive 1/11 Marion Street Tugun Tugun 2b 2b 1c $795,000 $1,366,500 Sept 23 4b 3b 2c 4/3 Clancy Court 4/5 Jodie Street Tugun Tugun 2b 1b 2c $605,000 $760,000 Sept 23 10/1 Inland Drive 60 Cabarita Avenue Tugun Tugun $860,000 $1,270,000 Sept 23 Sept 23 3b 1b 1c 3b 2b 2c 1b 1b 2c Sept 23 19 Durran Street Tugun $925,000 Sept 23 3b 1b 1c RECENT SALES Tugun & Bilinga
ADDRESS SUBURB PARTICULARS PRICE DATE
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
We are well & truly in the midst of Spring selling! The Spring selling season is classed as one of the best times to sell your property After all, gardens are looking their best, buyers are happy to come out in the warmth for open home inspections, and a Spring purchase means buyers will be in their new home in time for the end of year holiday season
With housing inventory tracking at unprecedented lows throughout most of 2023, it is unsuprising that as we enter this traditionally advantagous selling period that we are seeing a surge in local homeowners bringing their property to market
While there was speculation that house price growth would slow once more properties became available for sale, this doesn’t seem to be the case, with all capital cities now recording year-on-year price increases Buyer demand remains robust, despite finance costs and the relative difficulties in getting a home loan compared to 18 months ago.
Continuing strong rental growth conditions are leading more people to consider buying their own homes, while a lack of new home builds are pushing more into the established home market. With interest rates at or close to peak, it’s likely greater certainty about where rates will settle will also be a factor
This strength in buyer demand is showing up real time at Ray White auctions Despite the number of properties going to auction in August being 10 per cent higher than last year, the number of active bidders is up 27 per cent There are now significantly more people bidding even though auction numbers are up
Data like this should be a barometer for your decision making The real estate landscape moves quickly and identifying trends and movements is more important than ever With top-end market results tipped to continue throughout Spring, we encourage our prospective sellers to take advantage of the favourable market conditions - sooner rather than later
WELCOME HOME Recently Sold
1/480 Coolangatta Road, Tugun SOLD $1,410,000
Under the Hammer
by Ray White Tugun
Elanora
37/387 Golden Four Drive, SOLD $1,206,000
Prior to Auction
22/437 Golden Four Drive, Tugun SOLD $1,175,000
Under The Hammer
2/39 Hillcrest Avenue, Tugun SOLD $1,000,000
Under the Hammer
40/387 Golden Four Drive, Tugun SOLD $1,206,000
Under the Hammer
14 Durran Street, Tugun SOLD $1,100,000
Under the Hammer
ELITE AGENT, ELITE EXPERIENCE The Dion Zorko Team
Combining enthusiasm with a strong desire to succeed Dion has the drive, tenacity & diligence to consistently achieve exceptional results for his clients A highly motivated & results driven individual Dion's passion for property & determination to exceed expectations is complimented by his calm, personable nature.
A natural negotiator & communicator he believes that the foundation for success begins with taking the time out to really listen to & understand his clients' needs Dion undertakes a process-driven approach with detailed follow-up systems & an innovative marketing strategy this paired with the strength & training of Australia’s leading Real Estate brand gives him a unique competitive edge.
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 ?
Online Auction Experience
AUSTRALIA'S 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 465 auctions across Southern Queensland & Northern New South Wales in February alone with an average of 5.4 registered bidders per property. With 6 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, Australia's best Online 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 11% higher than the best offer they received prior to Auction in February.
Interested in selling, buying or watching this event?
SCAN THE QR CODE FOR OUR EVENT INFORMATION PAGE
W E D N E S D A Y , 1 5 T H N O V E M B E R F R O M 2 P M
R A Y W H I T E Q U E E N S L A N D ’ S www.raywhitetugunelanora.com.au
