45 10 $6,675,000 HIGHEST HOUSE SALE PRICE HOUSES SOLD $1,282,500 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White TUGUN MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold 12 HOUSES LISTED For Sale $6,000,000 HIGHEST HOUSE LIST PRICE $950,000 LOWEST HOUSE LIST PRICE 9 $905,000 HIGHEST UNIT SALE PRICE UNITS SOLD $748,000 MEDIAN UNIT SALE PRICE Sold 8 UNITS LISTED For Sale $2,995,000 HIGHEST UNIT LIST PRICE $725,000 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
TUGUN RECENT 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 4/4 Clancy Court 1/545 Gold Coast Highway Tugun Tugun 2b 1b 2c $660,000 $905,000 Apr 24 16 Alinjarra Drive 3/454 Coolangatta Road Tugun Tugun $1,250,000 $830,000 Apr 24 Apr 24 3b 2b 2c 4b 2b 1c 3b 4b 1c 1/3 Winders Avenue 20 Chaffey Street Tugun Tugun 4b 5b 3c $1,735,000 $1,575,000 Apr 24 Apr 24 3b 2b 1c Apr 24 10 Moreshead Street 11/6 Clancy Court Tugun Tugun $1,250,000 $652,000 Apr 24 Apr 24 3b 1b 2c 2b 1b 2c 2/521A Gold Coast Highway Tugun 2b 2b 1c $810,000 Apr 24 17 Nangana Street 3 Barina Court Tugun Tugun - $720,000 $1,150,000 Apr 24 4 Dilgara Street 622 Pacific Parade Tugun Tugun $1,150,000 $6,675,000 Apr 24 Apr 24 3b 1b 2c 3b 1b 1c 3b 2b 2c 1/17 Durran Street 20 Bob Barnard Drive Tugun Tugun 2b 1b 1c $845,000 $1,350,000 Apr 24 Mar 24 4b 2b 2c Apr 24 34/558 Gold Coast Highway 46 Kitchener Street Tugun Tugun $748,000 $1,200,000 Mar 24 Mar 24 2b 2b 1c 4b 2b 2c 3 San Michele Street Tugun 4b 2b 2c $1,315,,000 Mar 24 6/29 Alinjarra Drive Tugun 2b 1b 1c $671,000 Mar 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
FOR MORE PROPERTY MARKET INSIGHTS SCAN THE QR CODE TO READ THE LATEST EDITION OF THE RAY WHITE NOW REPORT
Just Sold by the John Parkes team
SOLD
SOLD
49 Mitchell Avenue, Currumbin
$1,325,000 Under the Hammer
SOLD
5A Malparara Street, Tugun
$1,076,000 Post Auction
SOLD
6hrs
SCAN THIS QR CODE FOR AN OBLIGATION FREE PROPERTY APPRAISAL CURIOUS TO KNOW HOW THESE RESULTS EFFECT THE VALUE OF YOUR HOME?
SOLD
Private
SOLD
Under
SOLD
Under
150 Guineas Creek Rd, Currumbin Waters
$1,300,000
Post Auction
WELCOME HOME 20
Bob Barnard Drive, Tugun
$1 350 000
Treaty 1/17 Durran Street, Tugun
$845 000
the
Hammer 20 Chaffey Street, Tugun
$1 575 000
the Hammer
SOLD
Post
SOLD
Post
447B Golden Four Drive, Tugun
$1,840,500
Auction
35-37
Woodgee Street, Currumbin
$8,000,000
Auction
SOLD
Private
3/502 Coolangatta Road, Tugun
$785,000
Treaty
REVIEWS
RavingReviews
“We recently transacted with John Parkes as a buyer and then as a seller In both scenarios, we found John to be professional in his dealings and always had the interest of the seller at heart. He was firm in his negotiation yet did it in such a way that dialogue and respect was retained with the potential purchasers. John was well supported by staff during the relatively long campaign, and they too were polite, engaging and professional in their interactions ”
- Helen & Paul
"Our family recently decided that we wanted to secure a beach home in the Palm Beach area With available stock rare, we asked John to reach out to owners in the area to explore an off market transaction We provided John with a price range and area of interest, and to our absolute delight , we were able to enter a contract within a month . At all times John remained transparent with the process and price expectations, which alleviated any concerns that we had with an off market transaction We could not be happier with the process and the outcome ”
- Caroline & Peter
"Our experience with John and his team was truly exceptional From our very first interaction to the successful completion of our transaction, every step of the journey was flawlessly executed. His attention to detail, combined with the dedication of his team, ensured that we were kept informed and supported at every stage We want to express our sincere gratitude to John and the entire team for their outstanding efforts "
- Cheryl & Neil
“Great local knowledge of the Gold Coast John is a true professional, hard working and intuitive Highly recommended, says what he does and does what he says Very happy with our results ”
- Kellie & Wayne
"John Parkes was down-toearth, diligent, good-humored and both personable and professional Focused on what we wanted, not what he would have preferred - good form!"
- Jayne
"We thoroughly enjoyed our experience working with John and his team during our recent property purchase. From the initial introduction to the property to the bidding process at auction, John and his team exhibited transparency, openness, honesty, and complete trustworthiness throughout. We are confident in recommending John and his team without hesitation for anyone considering buying or selling property in the future "
- Julie & Gary
"John was great throughout the whole selling process From the first meeting to getting the sale across the line he was professional, yet approachable There was no shortage of being kept up to date! John and his team are all fantastic and made the process as smooth sailing as possible. I highly recommend using John and the team if you are looking to sell."
- Sam
Success leaves clues
ELITE TEAM, ELITE EXPERIENCE REVIEWS
