Palm Beach
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
1st January - 29th February 2024 Highest Unit Sale Price
14
House
Unit
32
84
58%
$2,850,000 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
$29,860,000 Total Worth of Property
$1,630,000 Median House Sale
RWTE Average DOM January&February2024
Sold
Price 23
Suburb Auction Clearance January&February2024
RWTE Auction Clearance January&February2024
88%
$5,500,000 $52,804,500 Total Worth of Property Sold $1,092,000
PALM BEACH
Unit Sale
sales achieved in January & February 2024 Median
Price
Recently Sold
PALM BEACH
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
210/10 Gold Coast Highway Palm Beach 2b 1b 2c $770,000 Jan 24 201/2C Twenty Seventh Avenue Palm Beach 4b 3b 2c $5,500,000 Jan 24 402/6 Palm Beach Avenue Palm Beach 2b 2b 1c $1,280,000 Jan 24 13/1306 Gold Coast Highway Palm Beach 2b 1b 2c $700,000 Jan 24 5/1306 Gold Coast Highway Palm Beach 3b 1b 1c $720,000 Jan 24 42 Tallebudgera Drive Palm Beach 4b 3b 2c $1,820,000 Jan 24 19/1263 Gold Coast Highway Palm Beach - $1,060,000 Jan 24 5/373 Cypress Terrace Palm Beach 2b 2b 1c $800,000 Jan 24 504/949-953 Gold Coast Highway Palm Beach 3b 3b 2c $3,200,000 Jan 24 5/14 Brooke Avenue Palm Beach 2b 1b 1c $630,000 Jan 24 1/973 Gold Coast Highway Palm Beach 2b 2b 1c $850,000 Jan 24 1501/10 Gold Coast Highway Palm Beach 3b 2b 3c $950,000 Jan 24 1-6/44 Tallebudgera Drive Palm Beach 7b 6b 0c - Jan 24 3/12 Twelfth Avenue Palm Beach 3b 1b 1c $925,000 Jan 24 6/1444 Gold Coast Highway Palm Beach 1b 1b 1c $350,000 Jan 24 37 Palm Beach Avenue Palm Beach 3b 1b 1c $1,275,000 Jan 24 2/1292 Gold Coast Highway Palm Beach 3b 2b 2c $1,277,500 Jan 24 603/949 Gold Coast Highway Palm Beach 4b 3b 2c $3,350,000 Feb 24 85 Tahiti Avenue Palm Beach 4b 1b 1c $1,470,000 Feb 24 30 Barracuda Court Palm Beach 3b 2b 3c $2,800,000 Feb 24 9/61-83 Tallebudgera Drive Palm Beach 2b 2b 2c $962,000 Feb 24 9 Sycamore Place Palm Beach 5b 3b 3c $2,665,000 Feb 24 1/16 Tenth Avenue Palm Beach 3b 2b 2c $1,185,000 Feb 24 11 Barberry Court Palm Beach 3b 2b 2c $2,000,000 Feb 24
January
29th February 2024 19/1263 Gold Coast Highway Palm Beach 2b 2b 1c $1,060,000 Feb 24
1st
-
Recently Sold
PALM BEACH
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
1707/1328 Gold Coast Highway Palm Beach 2b 2b 1c $1,050,000 Feb 24 3/40 Jefferson Lane Palm Beach 3b 2b 2c - Feb 24 20 Allawah Avenue Palm Beach 4b 2b 5c $1,625,000 Feb 24 201/88 Jefferson Lane Palm Beach 3b 2b 2c $2,200,000 Feb 24 1267/1237 Gold Coast Highway Palm Beach 3b 2b 1c $1,400,000 Feb 24 9/4 Murlong Crescent Palm Beach 2b 2b 1c $1,092,000 Feb 24 4/969 Gold Coast Highway Palm Beach 2b 2b 1c $1,260,000 Feb 24 605/60 Jefferson Lane Palm Beach - $1,330,000 Feb 24 2/10 Third Avenue, Palm Beach Palm Beach 3b 2b 2c $1,500,000 Feb 24 1/12 Murlong Crescent Palm Beach 2b 1b 1c $1,088,000 Feb 24 94 Parnki Parade Palm Beach 3b 2b 2c $2,850,000 Feb 24 27/955 Gold Coast Highway Palm Beach 2b 2b 1c $795,000 Feb 24 61 Palm Beach Avenue Palm Beach 3b 1b 1c $1,375,000 Feb 24 1005/1269 Gold Coast Highway Palm Beach 2b 2b 0c $1,250,000 Feb 24 2503/1328 Gold Coast Highway Palm Beach 2b 2b 1c $1,070,000 Feb 24 2/37 Twenty Seventh Avenue Palm Beach 3b 3b 0c $1,520,000 Feb 24 13 Myrtle Court Palm Beach 4b 2b 2c $1,630,000 Feb 24 9 Cypress Terrace Palm Beach 4b 2b 3c $2,150,000 Feb 24 703/6 Palm Beach Avenue Palm Beach 3b 2b 2c $2,225,000 Feb 24 42 Twelfth Avenue Palm Beach 5b 3b 4c $2,775,000 Feb 24 50 Fifth Avenue Palm Beach 3b 2b 3c - Feb 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
Welcome Home
PALM BEACH SALES
Recently Sold by The Dion Zorko Team
2/5 Bali Avenue, Palm Beach
SOLD $1,360,000
Online Auction
118 Melaleuca Drive, Palm Beach
SOLD $2,410,000
Private Treaty
3/30 Fifth Avenue, Palm Beach
SOLD $1,590,000
Private Treaty
86 Leyte Avenue, Palm Beach
SOLD $1,515,000
Online Auction
Dion Zorko
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 ?
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.
Interested in selling, buying or watching this event?
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S U N D A Y , 2 1 S T A P R I L 2 0 2 4
www.raywhitetugunelanora.com.au