MARKET INSIGHTS 12 $1,250,000 Highest House Sale Price House sales achieved in the last 8 weeks $880,000 Median House Sale Price 7 $1,070,000 Highest Apartment Sale Price Apartment sales achieved in the last 8 weeks $620,000 Median Apartment Sale Price 86 Average DOM 28 RWTE Average DOM 56.4% Auction Clearance 80% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite Tweed Heads South 1st June - 31st July 2023 June&July2023 June&July2023 June&July2023 June&July2023
ADDRESS SUBURB PARTICULARS PRICE DATE 210/2 Falcon Way 149/2 Falcon Way Tweed Heads South Tweed Heads South 4b 2b 2c $1,030,000 $630,000 July 23 65/5-7 Soorley Street 1/36 Vintage Lakes Drive Tweed Heads South Tweed Heads South $610,000 $749,000 July 23 July 23 3b 2b 2c 2b 1b 2c 3b 2b 4c 3/2 Vintage Lakes Drive 31 Robin Circuit Tweed Heads South Tweed Heads South 3b 2b 1c $625,000 $1,140,000 July 23 July 23 6/5 William Street 16 Port Drive Tweed Heads South Tweed Heads South $482,000 $860,000 July 23 July 23 4b 2b 1c 2b 1b 1c 3b 2b 2c 19/1-33 Harrier Street 10 Russell Way Tweed Heads South Tweed Heads South 3b 2b 2c $647,000 $730,000 July 23 June 23 6 Floral Avenue 31/22 Lloyd Street Tweed Heads South Tweed Heads South $740,000 $503,500 June 23 June 23 4b 1b 1c 1b 1b 1c 2b 1b 1c 6/11 Lloyd Street 13 Lorikeet Drive Tweed Heads South Tweed Heads South 2b 1b 1c $480,000 $1,250,000 June 23 June 23 37A Seaview Street 20 Lakeview Parade Tweed Heads South Tweed Heads South $900,000 $355,000 June 23 4b 3b 2c 5b 3b 1c 4b 2b 3c July 23 June 23
1st June - 31st July 2023 *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 1002/22 Kirkwood Road Tweed Heads South $632,500 June 23 3b 2b 2c 25/1-33 Harrier Street Tweed Heads South 3b 2b 2c $1,070,000 June 23
RECENT SALES Tweed Heads South
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
