Market Insights
As the new year dust begins to settle & we bid farewell to blissful Summer days, we in real estate are prepping for one of our most anticipated selling seasons After a strong start to 2024, Autumn is predicted to be an advantagous time for sellers to reap in the rewards the current market is providing.
Over the past 12 months, house prices have increased by 9 7 per cent while unit prices are up 7 4 per cent. However, growth has accelerated quickly in the first two months of this year. Fundamentally, there are many reasons why the outlook for house prices will be stronger than last year
Population growth was extremely strong last year and we didn’t build enough homes Conditions are slowly improving in the construction sector but they won’t be solved this year Population growth will ease this year, but so too will the number of new homes built.
The outlook for price growth is a problem for affordability. Right now, many people, particularly first home buyers, are being pushed into the established home market given it's cheaper to buy than build With inspections numbers climbing against the same period last year, we're now seeing 21 per cent more people through our open homes
However, it's still only early 2024 and a lot can change, but if current house price trends continue this year, house price growth could exceed 10 per cent this year, with units increasing slightly less Buyers are out, prices are increasing, interest rates are on hold All very positive reasons to sell now!
We hope you find the following newsletter of value and would love to discuss any and all real estate plans you may have now or in the future.
S O U T H E R N G O L D C O A S T - A U T U M N E D I T I O N 2 0 2 4
PROPERTY & SALES SPECIALIST
599 899 stephen.hay@raywhite.com
WWW RAYWHITETUGUNELANORA COM PROUDLY PRESENTED BY STEPHEN HAY
0409
Stephen Hay
56.3%
Our Market at a Glance 2023/2024 Summer Recap
GOLD COAST AVERAGE AUCTION CLEARANCE
85.2%
RWTE AVERAGE AUCTION CLEARANCE
Calling 75% of all Auctions in our region & 1 in 5 of all Auctions held across the country the numbers speak for themselves - no-one sells more property at Auction than Ray White
SUMMER 2023/24 HOUSES HIGHEST $3 000 000 MEDIAN $1 210 000 TOTALHOUSES 32 AV DOM* RWTEAV 27 SUBURBAV 34 SOLD UNITS HIGHEST $825,000 MEDIAN $685 000 TOTALUNITS 17 SUMMER 2023/24 SOLD HOUSES HIGHEST $2,850,000 MEDIAN $1,470,000 TOTALHOUSES 35 AV DOM* RWTEAV 39 SUBURBAV 81 UNITS HIGHEST $5,500,000 MEDIAN $1,200,000 TOTALUNITS 79 SUMMER 2023/24 SOLD SUMMER 2023/24 SOLD
VALLEY SUMMER 2023/2024 SALES HIGHEST $10,125,000 MEDIAN $1,960,000 TOTAL SALES 22 AVERAGE DAYS ON MARKET RWTE AV 45 SUBURB AV 49.5 SOLD TALLEBUDGERA SUMMER 2023/2024 SALES HIGHEST $1,662,500 MEDIAN $1,500,000 TOTAL SALES 6 RWTE AV 32 SUBURB AV 56 SOLD AVERAGE DAYS ON MARKET CURRUMBIN VALLEY SUMMER 2023/2024 SALES HIGHEST $5,500,000 MEDIAN $2,200,000 TOTAL SALES 5 RWTE AV 49 SUBURB AV 71 SOLD AVERAGE DAYS ON MARKET ELANORA PALM BEACH
TALLEBUDGERA
Our Notable Sales
Sold by Ray White Tugun Elanora
3 DOOLEE COURT, CURRUMBIN VALLEY
SOLD UNDER THE HAMMER: $1,735,000 BUYER ORIGIN: INTERSTATE
12 JOANNE COURT, CURRUMBIN VALLEY
SOLD UNDER THE HAMMER: $1,516,000 BUYER ORIGIN: LOCAL
15 SWANSON PLACE, NERANWOOD
SOLD UNDER THE HAMMER: $1,730,000 BUYER ORIGIN: LOCAL
6/31 TEEMANGUM STREET, CURRUMBIN
SOLD UNDER THE HAMMER: $770,000 BUYER ORIGIN: LOCAL
4 KOOYAN COURT, CURRUMBIN VALLEY
SOLD VIA PRIVATE TREATY: $1,635,000 BUYER ORIGIN: INTERSTATE
3 ACRON STREET, ELANORA
SOLD UNDER THE HAMMER: $1,700,000 BUYER ORIGIN: QLD
Gold Coast’s Biggest Online Auction Event is
coming & you’re invited!
You’ve loved it, now it’s time to list it! In response to strong buyer interest on the Gold Coast, the Ray White Group has committed to hosting the Gold Coast's biggest Online Auction Event ever!
With 26 Ray White offices on the Gold Coast taking part, the collective collaborative synergy is set to unlock a multitude of possibilities for both participating buyers & sellers
With a staggering 1 in 3 buyers being non-local, the Ray White Group's groundbreaking strategy and substantial investment ensure not just widespread visibility but also welcome a varied group of potential buyers interstate and overseas to join in
With guarenteed maximum exposure and unparelled success, we recommend all local homeowners who are considering selling to take advantage of this event Registrations for this event are open but filling up quickly. Don’t hesitate, simply scan the QR code below to secure your property the sale it deserves.
Our May & November 2023 Online Auction Experiences were smashing successes! EventRecap&Results
$63,000,000+ Worth of property sold
75% Clearance rate
4,920 Online spectators from across 6 different countries
1,096 Live bids places
460 Local, interstate, & international bidders
108 Properties auctioned
Register your interest... CLICK THE QR CODE TO VIEW OUR EVENT BROCHURE AND REGISTER YOUR PROPERTY
The Stephen Hay Team
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
We are so happy that we chose Stephen to market our property in Currumbin He presented himself in a professional manner at all times Stephen's communication between ourselves and the purchaser was excellent His positive and friendly manner made the experience enjoyable We would highly recommend Stephen and we would most definitely use his services again - Seller in Currumbin Waters
Stephen recently sold our investment property, and we were thrilled with the result. He was professional and prompt with all communication and had excellent knowledge of the market. We would not hesitate to use Stephen as our agent again or to recommend his services to others. - Seller in Currumbin
WHAT ARE YOUR NEIGHBOURS SAYING ABOUT...
to
what your home's worth, today? Simply scan here to book online for an in person or over the phone obligation free valuation
599 899 @stephenhayrw stephenhay@raywhitecom wwwraywhitetugunelanoracom We'reheretohelp
Curious
know
0409