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 Alicia Wilkins
YOUR LOCAL PROPERTY SPECIALIST 0402 630 593 alicia wilkins@raywhite com Alicia
Wilkins
Our Market at a Glance
2022/2023 FINANCIAL YEAR
PALM BEACH
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
51.9%
2022/2023 FINANCIALYEAR HOUSES HIGHEST $8,890,000 MEDIAN $1,500,000 TOTAL HOUSES 165 AV DOM* RWTE AV 38 SUBURBAV 61 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $7,435,000 MEDIAN $840,000 TOTAL UNITS 353 SOLD CURRUMBIN & CURRUMBIN WATERS 2022/2023 FINANCIALYEAR HOUSES HIGHEST $10,125,000 MEDIAN $1 552 500 TOTAL HOUSES 128 AV DOM* RWTE AV 40 SUBURBAV 52 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $3,750,000 MEDIAN $805,000 TOTAL UNITS 23 SOLD ELANORA 2022/2023 FINANCIALYEAR HOUSES HIGHEST $2,900,000 MEDIAN $1 130 000 TOTAL HOUSES 189 AV DOM* RWTE AV 30 SUBURBAV 43 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $830,000 MEDIAN $665,000 TOTAL UNITS 62 SOLD TUGUN 2022/2023 FINANCIALYEAR HOUSES HIGHEST $9,100,000 MEDIAN $1 072 000 TOTAL HOUSES 64 AV DOM* RWTE AV 35 SUBURBAV 51.5 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $8,700,000 MEDIAN $765 000 TOTAL UNITS 111 SOLD
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
FINANCIAL YEAR
2022/2023
1/68 TALLEBUDGERA DRIVE, PALM BEACH SOLD UNDER THE HAMMER: $1,155,000 BUYER ORIGIN: LOCAL
20 HOPBUSH STREET, PALM BEACH 6/2 SIMPSONS ROAD, CURRUMBIN WATERS 36 AETHALIA STREET, CURRUMBIN WATERS 26 TALLEBUDGERA DRIVE, PALM BEACH 2/19 TALLEBUDGERA DRIVE, PALM BEACH SOLD VIA PRIVATE TREATY: $670,000 BUYER ORIGIN: LOCAL SOLD UNDER THE HAMMER: $2,010,000 BUYER ORIGIN: LOCAL SOLD UNDER THE HAMMER: $1,470,000 BUYER ORIGIN: LOCAL SOLD UNDER THE HAMMER: $1,050,000 BUYER ORIGIN: QLD SOLD UNDER THE HAMMER: $970,000 BUYER ORIGIN: INTERSTATE CONNOR
Our Noteable Sales
SUMMERS ~ LOAN MARKET
connor summers@loanmarket
Connor Summers
com au
YAR ETIH T UGU ELANORA OUD L Y ROSNOPS The Pyjama Foundation 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 The Alicia Wilkins Team 0402 630 593 @aliciawilkins property alicia.wilkins@raywhite.com Scan to book online a complimentary appraisal for your home! "Alicia did a fantastic job selling our home She was professional and friendly She is a ray of sunshine with open homes. She kept me up to date on what was on going on. It was a quick and efficient sale of our home with great results. Highly recommend." - Seller in Currumbin Waters www raywhitetugunelanora com au
