Why sell now?
Prices are now firmly on the move everywhere in Australia, having increased by 3 5 per cent since the start of the year At current rates of growth, house prices will be back to their 2022 peaks within the next two months
In Brisbane, Perth, Adelaide and Darwin, all cities where prices barely fell last year, peak pricing is already back
Leading the charge in terms of percentage growth are Sydney premium markets While they fell the most last year, they are accelerating the quickest In regional markets, a similar trend is occurring with the most expensive markets including the Gold Coast and Sunshine Coast, seeing the largest increases this year While there was a view that house prices nationally would fall a lot, and that regional markets would see a loss of value as COVID restrictions fell away, this hasn’t played out
With the market slowing last year we saw two key trends Existing listings took longer to sell, leading to an increase in total listings while the number of new listings
coming to market fell While house price growth will eventually lead to new listings increasing, this is yet to occur across the market
If you ’ re considering selling, now is a great opportunity to capitalise on favourable conditions Take advantage of low stock levels & high buyer demand before you ’ re neighbour does
Our job has always been the same To create competition for our sellers - and we can do that in any market The process remains the same to market our properties as far and widely as possible for our sellers
As always, I am here to support you in all aspects of your real estate journey Please do not hesitate to reach out if I may be of assistance in any way
Warm regards,
www.raywhitetugunelanora.com.au
A message from Alex Phillips
YOUR LOCAL PROPERTY SPECIALIST 0404 335 212 alex phillips@raywhite com Alex Phillips
51.9%
Our Market at a Glance
2022/2023 FINANCIAL YEAR
85.2%
Queensland's Big Online Auction
Did you tune in to Queensland's Biggest Online Auction Event?
The event featured 54 properties going under the hammer from Queensland's top Online Auction offices and recorded an impressive 75% clearance rate!
There were a massive 2,020 viewers who tuned in online with over 250 registered bidders, coming from all over Australia and overseas By the end of the night, more than $33 million worth of property had been transacted under the hammer of Ray White Queensland chief auctioneer Gavin Croft, who took a whopping 566 bids over the course of the event
54 properties 2,020 viewers $33 million 250 registered bidders 566 bids
The results speak for themselves, and reaffirm to our local home owners the advantage of choosing the Online Auction method
Calling 75% of all Auctions in our region & 1 in 5 of all Auctions held across the country the numbers speak for themselves - no-one sells more property at Auction than Ray White GOLD COAST AVERAGE AUCTION CLEARANCE
RWTE AVERAGE AUCTION CLEARANCE
COOLANGATTA 2022/2023 FINANCIALYEAR HOUSES HIGHEST $4,035,000 MEDIAN $1,550,000 TOTAL HOUSES 18 AV DOM* RWTE AV 37 SUBURBAV 88 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $4,250,000 MEDIAN $950,000 TOTAL UNITS 243 SOLD
2022/2023 FINANCIALYEAR HOUSES HIGHEST $2,000,000 MEDIAN $797 500 TOTAL HOUSES 78 AV DOM* RWTE AV 26 SUBURBAV 49 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $1,290,000 MEDIAN $607,500 TOTAL UNITS 86 SOLD BANORA POINT 2022/2023 FINANCIALYEAR HOUSES HIGHEST $2,415,000 MEDIAN $1 130 000 TOTAL HOUSES 201 AV DOM* RWTE AV 26 SUBURBAV 61 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $1,175,000 MEDIAN $620,000 TOTAL UNITS 125 SOLD KINGSCLIFF 2022/2023 FINANCIALYEAR HOUSES HIGHEST $8,970,000 MEDIAN $1 805 000 TOTAL HOUSES 107 AV DOM* RWTE AV 33 SUBURBAV 68 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $3,125,000 MEDIAN $805 000 TOTAL UNITS 117 SOLD
TWEED HEADS SOUTH
Financial Health Check
With the cash rate increasing by 4 percentage points since the start of 2022, many households have felt the pinch of rising interest rates Lenders often offer lower interest rates to new customers, so regularly checking the competitiveness of your loan compared to others in the market could help prevent you from paying more than you need to
Some reasons you may be able to get a better interest rate include:
1 You’ve been meeting or exceeding your repayments. Not only does this show the lender you are a reliable borrower, but if you are paying principal and interest, it will also bring your LVR down (the ratio of how much of your home you own vs the loan) A lower LVR could get you a more competitive rate
2 You’ve paid off other credit
If you previously had a credit card, other loans or a HELP debt that you have since paid down or got rid of, the lender could view you as less risky
3 You’ve had a pay rise or gained full-time employment. If your employment has changed to be more permanent or you have received a pay rise, you could look more favourable to a lender
4 You find a lower interest rate with another lender. This could provide better footing to negotiate with your current lender, or you could consider refinancing to the other lender There may be costs involved in refinancing, so be sure to ask your broker to run the numbers for you to determine if this is in your best interest
The expert team at Loan Market regularly reviews our clients’ loans They do the legwork to negotiate with their existing lender, or move them to one that better suits their needs Scan the QR Code to book online an obligation free chat today 0416 838 673 connor summers@loanmarket com au
Our Noteable Sales
2022/2023 FINANCIAL YEAR
67A RUTLEDGE STREET, COOLANGATTA SOLD UNDER THE HAMMER: $1,550,000 BUYER ORIGIN: QLD
31 RUTLEDGE STREET, COOLANGATTA 2/9-11 CHURCHILL STREET, COOLANGATTA 86 JACARANDA AVENUE, TWEED HEADS 7/29-31 DIXON STREET, COOLANGATTA 1/12B BOUNDARY LANE, TWEED HEADS SOLD UNDER THE HAMMER: $835,000 BUYER ORIGIN: LOCAL SOLD UNDER THE HAMMER: $715,000 BUYER ORIGIN: LOCAL SOLD UNDER THE HAMMER: $2,207,000 BUYER ORIGIN: INTERSTATE SOLD UNDER THE HAMMER: $1,020,000 BUYER ORIGIN: INTERSTATE SOLD POST AUCTION: $1,590,000 BUYER ORIGIN: LOCAL CONNOR SUMMERS ~ LOAN MARKET
Connor Summers
Leading Group, Local
"Alex is really compassionate to your needs We really appreciate at every step we were kept informed of the market. There was no job too small with all of us living interstate he helped manage every detail. We highly recommend Alex and the team at Ray White, a family business helping clients reach their goals."
- Seller in Coolangatta
The Pyjama Foundation
YAR ETIH T UGU ELANORA OUD L Y ROSNOPS
A life-changing nonprofit organisation that strives to raise awareness & much needed funds for foster children across Australia. Join us this Winter in supporting... Scan me to find out how you can show your support 0404 335 212 @alex phillips rwte alex.phillips@raywhite.com Scan to book online a complimentary appraisal for your home!
www.raywhitetugunelanora.com.au
Expert
