'Tis the season to be selling... A message from Stephen Hay If the 2022 selling season has shown us anything, it's that RWTE property sale prices continue to deliver in the midst of change. While there has been a level of adjustment in the market over the past eight months, our team continues to leverage buyer demand against reduced stock levels to maximise results for our sellers. The auction clearance rate of property sold by RWTE is currently sitting at 85% for this financial year, in comparison to 75% for the 21/22 financial year. This is a significant uplift, with agent experience across all types of campaigns paying dividends for clients choosing to sell with our team. The method of sale has become more commonplace following the pandemic, with vendors and buyers becoming more comfortable and confident with the auction process. RWTE agents are conducting more auction campaigns now than they were as little as a year ago, with many properties achieving prices well above suburb median values and vendor expectations. We hope you find the following information of value and wish you a very merry holiday season!
Suburb Snapshot August 2022 - November 2022
Elanora Median Sale Price (house)
$1,117,000
Median Sale Price (unit)
$505,000
Average Days on Market
44
Highest Sale
$1,775,000
Currumbin Valley Median Sale Price (house)
$1,659,000
Median Sale Price (unit)
N/A
Average Days on Market
65
Highest Sale
$2,500,000
Palm Beach Median Sale Price (house)
$1,525,000
Median Sale Price (unit)
$775,000
Average Days on Market
60
Highest Sale
$3,427,500
Tallebudgera
Stephen Hay Property Specialist / Ray White Tugun Elanora 0409 599 899 / stephen.hay@raywhite.com
PROUDLY PRESENTED BY STEPHEN HAY
Median Sale Price (house)
$1,530,000
Median Sale Price (unit)
N/A
Average Days on Market
40
Highest Sale
$5,995,000
DECEMBER 2022 EDITION
Competition Creators 2022 Online Auction Review Auction bidding is a reflection of the market in real time; it provides vendors genuine insights into the energy and pulse of the market. In a time where market dynamics can change so quickly, the success our team has found through the Online Auction process has remained consistent throughout 2022. When comparing Auction vs Private treaty our data shows us the average days on market for auction is comfortably sitting at 33, whilst private treaty is increasing at 51. Not only are we continuously seeing willingness from local property owners to transact under the hammer, our buyer pool is expanding with cash ready buyers keen on raising a paddle at one of our events. With two fantastic years of Online Auctions under our belt, we can't wait to see what the new year brings for these high profile events!
$90M+ WORTH OF PROPERTY SOLD
139
85%
534
PROPERTIES AUCTIONED ONLINE
AUCTION PROPERTIES SOLD AT AUCTION, PRIOR, POST
BUYERS REGISTERED TO BID
Out & About Community Events Proudly Sponsored by RWTE
LITTLE RAY OF GIVING
Scan Me!
TUGUN LIGHTS UP
GC50 RUN FESTIVAL
Free festive fun for the whole family! Tugun Lights
We are delighted to offer a challenge for everyone
Ray White Tugun Elanora are proud to be
Up returns in 2022 for its tenth annual celebration.
this December, including 50km, 25km, 12km, 5km
sponsoring The Pyjama Foundation in this years
Join us at the end of Toolona Street (beach end) for
and Kids Dash events. With a course that hugs the
Little Ray of Giving Christmas Initiative. Give to
live music, delicious food and a special visit from
jaw-dropping beautiful southern Gold Coast town of
children in care this festive season by wrapping and
Coolangatta, the GC50 event awaits you and your
delivering gifts to our Tugun Office Giving Tree.
Santa!
run crew!
3RD DECEMBER AT 4.00PM www.tugunlightsup.com.au
3RD & 4TH DECEMBER
14TH NOVEMBER - 6TH DECEMBER
www.gc50runfestival.com.au
423 Golden Four Drive, Tugun
SOLD by The Stephen Hay Team Top 6 Noteable Sales of 2022
264 TREES ROAD, TALLEBUDGERA SALE PRICE: $1,520,000
BUYER ORIGIN: LOCAL
25 CREST DRIVE, ELANORA SALE PRICE: $1,500,000
BUYER ORIGIN: LOCAL
BUYER ORIGIN: LOCAL
13 BINDOON CLOSE, ELANORA
9 FOREST WAY, CURRUMBIN VALLEY SALE PRICE: $925,000
2/463 TREES ROAD, TALLEBUDGERA
SALE PRICE: $941,000
Leading group, Local team
SALE PRICE: $1,380,000
BUYER ORIGIN: LOCAL
32 WILKINSON CRESCENT, CURRUMBIN WATERS
BUYER ORIGIN: LOCAL
SALE PRICE: $1,049,000
BUYER ORIGIN: LOCAL
Christmas Cooking
"Stephen was really great to deal with. He came across as having a
On the hunt for some festive cooking inspiration this silly season?
passion for creating homes and was very knowledgeable when it
Our team have put together a delicious Christmas Cooking e-book
came to what we could achieve. He gave us some great ideas for
filled with our go-to Christmas day delicacies.
seeing the potential of the property as well." -Matt Groves
0409 599 899
@stephenhayrw
stephen.hay@raywhite.com
www.raywhitetugunelanora.com
Scan me for recipes!
POWERFUL MARKETING, COMPETITIVE BUYERS, UNPARALLELED SUCCESS
PRESENT YOUR PROPERTY TO EVERY CONCEIVABLE BUYER IN THE MARKETPLACE
ACHIEVE THE HIGHEST POSSIBLE SALE PRICE FOR YOUR PROPERTY
You've loved it... now it's time to list it! SCAN THE QR CODE TO REGISTER YOUR INTEREST!