John Parkes
MARKET INSIGHTS 4
Highest House Sale Price House sales achieved in the last 8 weeks $1,175,000 Median House Sale Price 15 $3,260,000 Highest Apartment Sale Price Apartment sales achieved in the last 8 weeks $844,000 Median Apartment Sale Price 47 Suburb Average DOM 32 RWTE Average DOM 58% Suburb Auction Clearance 100% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite Tugun & Bilinga 1st June - 31st July 2023 June&July2023 June&July2023 June&July2023 June&July2023
$1,789,000
ADDRESS SUBURB PARTICULARS PRICE DATE 10/315-317 Golden Four Drive 7/305 Golden Four Drive Tugun Tugun 2b 2b 1c $878,000 $1,500,000 July 23 11/315-317 Golden Four Drive 44/3 Clancy Court Tugun Tugun $3,260,000 $525,000 July 23 July 23 3b 2b 2c 4b 3b 3c 2b 1b 1c 10/2 Inland Drive 5/5 Station Street Tugun Tugun 3b 2b 2c $844,000 $475,000 July 23 July 23 2/10 Jodie Street 5 Dilgara Street Tugun Tugun $765,000 $1,789,000 July 23 July 23 1b 1b 1c 2b 1b 1c 4b 2b 2c 2/11 Malparara Street 4 Cherub Street Tugun Tugun 3b 2b 2c $1,075,000 $1,075,000 June 23 June 23 1/10 Maud Street 26 Alkira Street Tugun Tugun $740,000 $800,000 June 23 June 23 3b 1b 2c 2b 1b 1c 4b 3b 2c 23/143 Golden Four Drive 6/277 Golden Four Drive Bilinga Bilinga 2b 2b 1c $1,175,000 $1,865,000 July 23 July 23 282 Coolangatta Road 6/2 Gibson Street Bilinga Bilinga $1,475,000 $1,040,000 July 23 4b 2b 2c 3b 2b 4c 2b 2b 2c July 23 June 23 RECENT SALES Tugun & Bilinga 1st June - 31st July 2023 *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur $922,000 1/286 Golden Four Drive 1/110 Pacific Parade Bilinga Bilinga 2b 2b 1c $570,000 June 23 June 23 801/106 Pacific Parade Bilinga $1,700,000 June 23 2b 1b 1c 2b 2b 2c
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
LISTING ACTIVITY
Prices are now firmly on the move everywhere in Australia, having increased by 3 5 per cent since the start of the year While there are a lot of things driving prices upwards, a lack of new listings is one of them Despite heat returning to the market, new listings are down compared to last year everywhere except Adelaide Adelaide’s median is now exceeding last year ’ s peak and it’s likely a factor driving sellers back into the market New listings are down but it looks like we ’ re in for a much better spring Listing authorities (properties for sale but not yet advertised) are now at a similar level to 2022 Although this is Ray White listing authorities only, it still represents over 12 per cent of all listings in Australia It’s also likely other agencies are experiencing a similar trend The number of new listings continues to be low but the total number of properties for sale remains historically high Longer time on market means that the number of properties for sale is exceeding the number of properties sold It’s likely that this will start to reverse over the next six months
AUCTION INSIGHTS
Buyer activity continues to increase and we ’ re seeing this most clearly through Ray White auction data The number of people bidding at auction is now back to where we were in April 2022 The number of active bidders remained stable in June & increased in July, perhaps due to the interest rate hold announced at the start of that month
MARKET TURNOVER
Ray White’s total sales in June were on par with what we recorded in June last year Recording $6 4 billion, it was less than May, reflective of slower conditions in winter It’s possible that by spring, total sales will exceed the same period in 2022 This will be partly driven by price growth but also the anticipated increase in listings
ELITE AGENT, ELITE EXPERIENCE The John Parkes Team
Through continual hard work, unmatched enthusiasm & a genuine passion for property John has not only become the No 1 agent in our local area but as a Chairman's Elite Member he is in the top 1% of the entire Ray White Group internationally, achieving the highest accolade within the network
John’s friendly outgoing personality & innovative approach belies a highly skilled negotiator with over 13 years of Real Estate sales experience By maintaining a positive attitude & combining comprehensive communications through a proven marketing strategy, John is achieving more sales with greater results for each of his valued clients John leads his own personal team of highly trained professionals who work together to ensure every client receives exceptional service each & every time This skilled support team paired with the backing of the leading office on the Southern Gold Coast gives John a unique advantage in the local market
By consistently achieving the latest sales in our area John’s local market knowledge is second to none, which is invaluable when helping Owners who are considering selling their biggest asset John understands that being a market leader is not achieved through luck or good fortune instead it must be earned then proven, time & time again
MOST RECENT AWARDS
2022/2023 - Elite Performer
2022/2023 - Elite Business Leader of Ray White Tugun | Elanora
2021/2022 - Chairman's Elite
2021/2022 - Elite Business Leader of Ray White Tugun | Elanora
2021 - 10 Year Service Award
2020/2021 - Chairman's Elite
WELCOME HOME Recently Sold by The
John Parkes Team
1/480 Coolangatta Road, Tugun SOLD $1,450,000 Under the Hammer
20 Elizabeth Street, Tugun SOLD $2,850,000
Under The Hammer
26 Alkira Street, Tugun SOLD $1,175,000 Private Treaty
11a Malparara Street, Tugun SOLD $1,075,000
Under the Hammer 298 Coolangatta Road, Tugun $1,150,000 Prior to Auction
1 Jendi Court, Tugun SOLD $1,275,000
Under the Hammer
John Parkes Ray White Tugun Elanora 0418 245 590 07 5598 2577 john.parkes@raywhite.com www raywhitetugunelanora com au 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 ? C L I C K H E R E T O B O O K A N O B L I G A T I O N F R E E M A R K E T A P P R A I S A L
