MARKET INSIGHTS Terranora
1st June - 31st July 2023
$1,935,000
3
House sales achieved in the last 8 weeks
Highest House Sale Price
$1,390,000
Median House Sale Price
35%
-7.6%
49 Average DOM
$4,182,000
Of of buyers were from QLD Sales & Price growth in Terranora so far this year
Total value of real estate sold
28
RWTE Average DOM
42.1% Auction Clearance
80%
RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite
RECENT SALES Terranora
1st June - 31st July 2023
536 Terranora Road,
Terranora
8,352m2 / Sold June 2023
Sale Price $1,390,000
676 Terranora Road
Terranora
4b 2b 2c / Sold June 2023
Sale Price $1,935,000
13 Australia Drive,
Terranora
4b 2b 2c / Sold June 2023
Sale Price $857,000
*All information sourced is from Pricefinder & this report provides an overview of all sales that have taken place in the area, by all agents not only those of Ray White Tugun/Elanora but other agencies as well In preparing this document we have used our best endeavours to ensure the information contained herein is true and accurate but we accept no responsibility and disclaim all liability in respect to any errors omissions inaccuracies or misstatements that may occur
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 Tup Curtis Team
Tup has delivered a truly unique and unmatched level of creativity to the industry for over 13 years Known for her out-of-the-box thinking, she is a well-known member of the community and passionate about sharing the lifestyle that comes along with being a local.
Across all touch points within every transaction, she’s elevating the expectations in service and the commitment to deliver, and in turn, make one of life’s great stresses, anything but. And it’s Tup’s character, negotiation skills and refined attitude that takes it to the next level having helped hundreds of families moved to and from the area.
Forever one step ahead, Tup is uncompromising in her dedication to continually be better than yesterday. For the client, for the future, for her team and family, and this vision is mirrored in the wider Ray White Tugun Elanora Group a collective of like-minded operators in drive and delivery. Shaping real estate expectations while creating a legacy of ambition, dedication and perfection.
C L I C K H E R E F O R A N O B L I G A T I O N F R E E P R O P E R T Y A P P R A I S A L 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 ? Tup Curtis | Proudly Ray White | 0424 987 144 | tup.curtis@raywhite.com