45 5 $3,375,000 HIGHEST HOUSE SALE PRICE HOUSES SOLD $1,650,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White CURRUMBIN MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 4 HOUSES LISTED For Sale $1,450,000 HIGHEST HOUSE LIST PRICE $1,250,000 LOWEST HOUSE LIST PRICE 9 $2,400,000 HIGHEST UNIT SALE PRICE UNITS SOLD $1,200,000 MEDIAN UNIT SALE PRICE Sold 10 UNITS LISTED For Sale $1,500,000 HIGHEST UNIT LIST PRICE $700,000 LOWEST UNIT LIST PRICE OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY UNITS - 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
CURRUMBIN RECENT SALES
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 49 Mitchell
84/41 Currumbin Chase Currumbin Currumbin 3b 2b 2c $1,325,000 $1,100,000 43/47
43/3 Millers Drive Currumbin Currumbin $1,785,0004b 2b 2c 3b 2b 2c 2b 2b 2c 150 Duringan Street 2/738 Pacific Parade Currumbin Currumbin 4b 3b 4c $2,000,000 $1,200,000 2b 1b 1c 20/40 Teemangum
61 Currumbin Chase Currumbin Currumbin $800,000 $1,260,000 2b 2b 1c 4b 2b 2c 4/22 Panorama Drive 10 Kandra Avenue Currumbin Currumbin 2b 2b 1c $930,000 $3,375,000 57/38-52 Duringan Street 1/802 Pacific Parade Currumbin Currumbin $905,000 $2,400,000 4b 3b 2c 2b 2b 1c 3b 1b 1c 64/42 Duringan Street 21 Regent Street Currumbin Currumbin 2b 2b 1c $1,500,000 $1,650,000 4b 2b 2c 7 Currumbin Crest Drive Currumbin $1,630,000 4b 3b 2c Apr 24 Apr 24 Apr 24 Mar 24 Mar 24 Apr 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24 Mar 24
1ST MARCH -
Avenue
Teemangum Street
Street
45 17 $2,225,000 HIGHEST HOUSE SALE PRICE HOUSES SOLD $1,405,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White CURRUMBIN WATERS INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 17 HOUSES LISTED For Sale $2,350,000 HIGHEST HOUSE LIST PRICE $1,000,000 LOWEST HOUSE LIST PRICE 8 $950,000 HIGHEST UNIT SALE PRICE UNITS SOLD $824,000 MEDIAN UNIT SALE PRICE Sold 8 UNITS LISTED For Sale $1,150,000 HIGHEST UNIT LIST PRICE $675,000 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
CURRUMBIN WATERS SALES
1ST 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 2/13 Janal Place 28 Bienvenue Drive Currumbin Waters Currumbin Waters 3b 2b 1c $915,000 $1,325,000 Mar 24 8 Karawatha Drive 20/92 Guineas Creek Road Currumbin Waters Currumbin Waters $1,600,000 $780,000 Mar 24 Mar 24 4b 2b 4c 7b 3b 4c 3b 1b 1c 22A Riverside Drive 1/40 Guineas Creek Road Currumbin Waters Currumbin Waters 5b 3b 2c $1,875,000 $760,000 Mar 24 Mar 24 2b 1b 1c Mar 24 9 Border Drive 8 Numidia Street Currumbin Waters Currumbin Waters $928,000 $1,665,000 Mar 24 Mar 24 3b 2b 2c 4b 2b 2c 25 Coote Court 1/8 Janal Place Currumbin Waters Currumbin Waters 6b 4b 4c$868,000 Mar 24 2/4 Itong Place 3/10 Wilpark Crescent Currumbin Waters Currumbin Waters $625,000 $1,485,000 Mar 24 Mar 24 3b 2b 1c 2b 1b 1c 4b 2b 2c 60 Cyclades Crescent 4 Border Drive North Currumbin Waters Currumbin Waters 4b 2b 4c $1,725,000 $1,020,500 Mar 24 Mar 24 3b 2b 2c Mar 24 34 Luciana Street Currumbin Waters $995,000 Mar 24 2b 1b 2c 5 Dolan Court 1 Armada Crescent Currumbin Waters Currumbin Waters $1,250 $1,085,000 Apr 24 Apr 24 3b 1b 1c 4b 2b 2c 24 Elizabeth Street 16 Mast Court Currumbin Waters Currumbin Waters 4b 2b $1,550,000 $2,095,000 Apr 24 Apr 24 4b 1b 2c 29 Whitsunday Drive 13 Marilyn Court Currumbin Waters Currumbin Waters $2,225,000 $1,100,500 Apr 24 Apr 24 4b 3b 3c 3b 2b 3c 2/55 Riverside Drive 1/49 Keegan Circuit Currumbin Waters Currumbin Waters 3b 2b 2c $985,000 $950,000 Apr 24 150 Guineas Creek Road 32 Whitsunday Drive Currumbin Waters Currumbin Waters $1,300,000 $2,150,000 April 24 Apr 24 3b 2b 2c 4b 2b 2c 4b 3b 2c Apr 24
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
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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Just Sold by Dion Zorko
15a Sapphire Place, Elanora
SOLD $955,000
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41 Currumbin Chase, Currumbin
SOLD $1,100,000
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2/181 Cypress Terrace, Palm Beach
SOLD $985,000
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34/560 Gold Coast Highway
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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
0416 516 652 dion.zorko@raywhite.com @dion.zorko
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