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PALMBEACH
ELANORA
CURRUMBIN
CURRUMBINWATERS
TUGUN
BILINGA
COOLANGATTA
23/24 FY MARKET WRAP
FROM THE DESK OF SHANE SEGHERS
As we wrap up the financial year, let's take a look at the key statistics and trends that have shaped the real estate markets in your LGA No opinions, just facts from the frontline of the Southern Gold Coast residential market
The year that was: Over the past year, the Southern Gold Coast (Tallebudgera down to Coolangatta) saw a total of 1,050 residential property sales The median house price in the region has risen by 7% to $950,000, while the median price for units has also seen a significant increase, up by 5% to $550,000 The average number of days a property stayed on the market was 28 days, reflecting strong demand
Of the 350 Auctions conducted in these suburbs, Ray White conducted & sold 287 showing market dominance in the Auction space which is backed up by the brands impressive clearance rate of 85% This success underscores the competitive nature of the market and the effectiveness of Ray White's Auction strategy in the Southern Gold Coast region
First-time buyers made up 25% of the market, driven by low interest rates and government incentives Investors accounted for 30% of the purchases, attracted by the region's potential for rental yields and capital growth
The year ahead: The outlook for the coming year remains positive, with continued demand expected to drive further growth Infrastructure developments and lifestyle appeal will keep attracting buyers to these Southern Gold Coast suburbs
We hope this EOFY market wrap provides valuable insights into the performance of the Southern Gold Coast real estate markets For more detailed information or specific queries, feel free to reach out to our team
The Border Bubble Markets
PALM BEACH RECENT SALES
Nyrang Avenue
ELANORA RECENT SALES
CURRUMBIN RECENT SALES
CURRUMBIN WATERS RECENT
COOLANGATTA RECENT SALES
