June & July Suburb Snapshot - Palm Beach - Laura Robinson

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26 $3,550,000 Highest House Sale Price House sales achieved in the last 8 weeks $1,675,000 Median House Sale Price 27 $5,825,000 Highest Apartment Sale Price Apartment sales achieved in the last 8 weeks $900,000 Median Apartment Sale Price 75 Suburb Average DOM 36 RWTE Average DOM 58% Suburb Auction Clearance 80% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite MARKET INSIGHTS Palm Beach 1st June - 31st July 2023 June&July2023 June&July 2023 June&July2023 June&July2023

1st June - 31st July 2023

ADDRESS SUBURB PARTICULARS PRICE DATE 1/5 Parnki Parade 29 Parnki Parade Palm Beach Palm Beach 3b 1b 1c $1,025,000July 23 6/969 Gold Coast Highway 402/60 Jefferson Lane Palm Beach Palm Beach $1,090,000 $900,000 July 23 July 23 4b 3b 2c 2b 2b 1c 2b 2b 1c 1/3 Nineteenth Avenue 72 Tallebudgera Drive Palm Beach Palm Beach 2b 2b 0c $805,000 $1,700,000 July 23 July 23 2/9 Diplacus Drive 194 Cypress Terrace Palm Beach Palm Beach $2,375,000 $1,861,000 July 23 July 23 3b 2b 2c 5b 3b 2c 3b 2b 2c 25/85-91 Townson Avenue 27 Tatha Avenue Palm Beach Palm Beach 3b 2b 2c $820,000 $1,800,000 July 23 July 23 1 Cassia Court Palm Beach $1,730,000 July 23 3b 2b 2c 4b 2b 2c 4/211 Jefferson Lane 20/973 Gold Coast Highway Palm Beach Palm Beach 2b 2b 1c $1,710,000 $990,000 July 23 July 23 232 Jefferson Lane 14 Twenty Seventh Avenue Palm Beach Palm Beach $3,400,000 $1,200,000 July 23 2b 2b 1c 4b 2b 0c 2b 1b 2c 8 Ebony Place Palm Beach $1,786,270 July 23 4b 2b 2c 1198 Gold Coast Highway 705/60 Jefferson Lane Palm Beach Palm Beach 2b 2b 3c $680,000 $1,300,000 July 23 July 23 2/20 Molucca Avenue Palm Beach $1,620,000 July 23 2b 2b 2c 4b 2b 2c July 23 July 23 7/1402 Gold Coast Highway Palm Beach $695,000 July 23 2b 1b 1c *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur
SALES
Beach
RECENT
Palm
28 Parnki Parade Palm Beach $3,000,000 July 23 15 Japonica Drive 22/987 Gold Coast Highway Palm Beach Palm Beach $1,225,000 $685,000 July 233b 2b 2c 2b 1b 1c 108/955 Gold Coast Highway Palm Beach $705,000 June 23 2b 2b 1c 6/5-7 Tarni Avenue 6 Celtis Court Palm Beach Palm Beach 2b 2b 1c $690,000 $1,200,000 June 23 June 23 2207/10 Fifth Avenue Palm Beach $620,000 June 23 3b 2b 4c 2b 2b 1c July 23

1st June - 31st July 2023

ADDRESS SUBURB PARTICULARS PRICE DATE 43 Magnoli Circuit 1/34 Cypress Terrace Palm Beach Palm Beach 3b 2b 2c $1,230,000 $1,160,000 June 23 1 Japonica Drive 1 Kurrajong Court Palm Beach Palm Beach $1,700,000 $1,650,000 June 23 June 23 3b 2b 2c 4b 3b 0c 4b 2b 3c 19 Satinwood Place 109/10 Gold Coast Highway Palm Beach Palm Beach 3b 3b 4c $1,450,000 $1,100,000 June 23 June 23 2 Twenty Third Avenue 4/238 Jefferson Lane Palm Beach Palm Beach $5,825,000 $900,000 June 23 June 23 3b 2b 2c 3b 4b 2c 2b 1b 1c 26 Tallebudgera Drive 18/66 Sarawak Avenue Palm Beach Palm Beach 4b 2b 3c $2,010,000 $670,000 June 23 June 23 2 Mawarra Street Palm Beach $1,400,000 June 23 2b 1b 2c32 Sixth Avenue 3 Second Avenue Palm Beach Palm Beach 3b 1b 1c $748,000 $1,175,000 June 23 June 23 20 Twelfth Avenue 43 Fourth Avenue Palm Beach Palm Beach $1,990,000 $1,975,000 June 23 3b 2b 2c 4b 2b 2c 4b 3b 2c 6/2 Nineteenth Avenue Palm Beach $985,000 June 23 2b 2b 1c 1/76 Tallebudgera Drive 8 Myrtle Court Palm Beach Palm Beach 2b 1b 1c $770,000 $1,580,000 June 23 June 23 1328 Gold Coast Highway Palm Beach $1,200,000 June 23 4b 3b 2c 2b 2b 2c June 23 June 23 42/44 Fourth Avenue Palm Beach $1,350,000 June 23 3b 3b 2c *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur
RECENT SALES Palm Beach
3 Third Avenue Palm Beach $875,000 June 23 310/6 Palm Beach Avenue 17 Twelfth Avenue Palm Beach Palm Beach $654,500 $1,775,000 June 23 2b 2b 2c 1b 1b 1c124 Melaleuca Drive Palm Beach $3,550,000 June 23 3b 3b 2c 4/1227 Gold Coast Highway Palm Beach 2b 1b 1c $900,000 June 23 June 23 28 Illaroo Street Palm Beach $1,465,000 June 23 4b 2b 2c

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 Laura Robinson Team

With one of the best track records in property, Laura has won the prestigious Premier Performer Award in 2018, 2019 and 2020 and was awarded Agent of the Year for her suburb in 2020 – for the third time She has also been an Elite Agent for Ray White This is a testament to the hard work and dedication she puts in as both an individual agent and while working alongside husband Robbie as part of Team Robinson

A passionate, professional and committed agent who definitely has the care factor, Laura is renowned for delivering quality service while achieving outstanding results Clients appreciate her wealth of real estate experience, comprehensive regional knowledge, extensive network of contacts and unparalleled understanding of the local property market

Laura says she enjoys the thrill of watching people interact with a property, observing the emotional transaction which takes place when they know it’s right for them As a real estate agent, Laura constantly updates her skills through ongoing professional development from the industry’s premier educators

MOST RECENT AWARDS

2022/2023 - Premier Performer

2021/2022 - Elite Performer

2020/2021 - Premier Performer

2019 - $1 million in settled commission in their Ray White career

2019/2020 - Premier Performer

WELCOME HOME Recently Sold

by The Laura Robinson Team

20 Hopbush Street, Palm Beach

SOLD $1,470,000

Under the Hammer

100 Mallawa Drive, Palm Beach

SOLD $2,200,000

Private Treaty

1/51 Fifth Avenue, Palm Beach

SOLD $970,000

Under The Hammer

1/3 Tarni Avenue, Palm Beach

SOLD $750,000

Under the Hammer

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 ? C L I C K H E R E T O B O O K A N O B L I G A T I O N F R E E M A R K E T A P P R A I S A L
Ray White Tugun Elanora 0416 167 813 07 5598 2577 laura.robinson@raywhite.com www.raywhitetugunelanora.com.au
Laura & Robbie Robinson

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