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 Stephen Hay
YOUR LOCAL PROPERTY SPECIALIST 0409 599 899 stephen hay@raywhite com Stephen Hay
51.9%
Our Market at a Glance
2022/2023 FINANCIAL YEAR
TALLEBUDGERA VALLEY
85.2%
Calling 75% of all Auctions in our region & 1 in 5 of all Auctions held across the country the numbers speak for themselvesno-one sells more property at Auction than Ray White
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
million
The results speak for themselves, and reaffirm to our local home owners the advantage of choosing the Online Auction method
54 properties
$33
250 registered bidders 566
2,020 viewers
bids
GOLD COAST AVERAGE AUCTION CLEARANCE
RWTE AVERAGE AUCTION CLEARANCE
CURRUMBIN & CURRUMBIN WATERS 2022/2023 FINANCIALYEAR HOUSES HIGHEST $10 125 000 MEDIAN $1,552,500 TOTALHOUSES 128 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $3,750,000 MEDIAN $805 000 TOTALUNTS 23 SOLD 40 RWTE AVERAGE DAYS ON MARKET 52 SUBURB AVERAGE DAYS ON MARKET ELANORA 2022/2023 FNANCALYEAR HOUSES HIGHEST $2 900 000 MEDIAN $1,130,000 TOTALHOUSES 189 SOLD 2022/2023 FNANCALYEAR UNITS HIGHEST $830,000 MEDIAN $665 000 TOTALUNITS 62 SOLD 30 RWTE AVERAGE DAYS ON MARKET 43 SUBURB AVERAGE DAYS ON MARKET PALM
2022/2023 FINANCIALYEAR HOUSES HIGHEST $8 890 000 MEDIAN $1,500,000 TOTALHOUSES 165 SOLD 2022/2023 FINANCIALYEAR UNITS HIGHEST $7,435,000 MEDIAN $840 000 TOTALUNITS 353 SOLD 61 RWTE AVERAGE DAYS ON MARKET 38 SUBURB AVERAGE DAYS ON MARKET TALLEBUDGERA 2022/2023 FINANCIALYEAR HOUSES HIGHEST $5 950 000 MEDIAN $1,500,000 TOTALHOUSES 60 SOLD
BEACH
2022/2023 FINANCIALYEAR HOUSES HIGHEST $4 350 000 MEDIAN $1,912,000 TOTALHOUSES 31 SOLD CURRUMBIN VALLEY 2022/2023 FINANCIALYEAR HOUSES HIGHEST $6 500 000 MEDIAN $1,655,000 TOTALHOUSES 34 SOLD 39 RWTE AVERAGE DAYS ON MARKET 96 SUBURB AVERAGE DAYS ON MARKET 45 RWTE AVERAGE DAYS ON MARKET 96 SUBURB AVERAGE DAYS ON MARKET 41 RWTE AVERAGE DAYS ON MARKET 67 SUBURB AVERAGE DAYS ON MARKET
Financial Health Check
CONNOR SUMMERS ~ LOAN MARKET
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
26 TALLEBUDGERA DRIVE, PALM BEACH SOLD UNDER THE HAMMER: $2,010,000 BUYER ORIGIN: LOCAL 12 WARRI WAY, CURRUMBIN VALLEY SOLD PRIVATE TREATY: $1,250,000 BUYER ORIGIN: QLD 89 LOWRY COURT, NERANWOOD SOLD UNDER THE HAMMER: $1,830,000 BUYER ORIGIN: INTERSTATE 681 GOLD COAST SPRINGBROOK ROAD, NERANWOOD SOLD PRIOR AUCTION: $1,450,000 BUYER ORIGIN: LOCAL 18 CREEEK WAY, CURRUMBIN VALLEY SOLD OFF MARKET: $1,160,000 BUYER ORIGIN: LOCAL 141 KP MCGRATH DRIVE, ELANORA SOLD UNDER THE HAMMER: $1,375,000 BUYER ORIGIN: LOCAL
Connor Summers
"Stephen was the polar opposite to the bad agent I’d just experienced
while the Gold Coast Market was dropping Stephen always reassured me whilst resolving my questions or concerns, he was a lot more attentive to my buyers with a friendly warm greeting. If you have an agent that isn’t performing then don’t be afraid to switch agents. It might cost a little to change over but waiting around and watching the market drop will cost you a lot more I thoroughly recommend Stephen Hay." - Seller in Tallebudgera
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 0409 599 899 @stephenhayrw stephen.hay@raywhite.com Scan to book online a complimentary appraisal for your home!
Expert
www.raywhitetugunelanora.com.au Leading Group, Local
