8 W E E K S U B U R B S N A P S H O T
Currumbin & Currumbin Waters
Suburb Snapshot
16 $4,630,000 Highest House Sale Price House sales achieved in January & February 2024 37 Suburb Days On Market Average *Statistics from Pricefinder and preliminary Auction data from Ray White January&February2024
$24,952,000 Total Worth of Property Sold $1,120,000 Median House Sale Price 23 RWTE Days On Market Average January&February2024 58% Suburb Auction Clearance January&February2024 88% RWTE Auction Clearance January&February2024 13 $1,460,000 Highest Unit Sale Price Unit sales achieved in January & February 2024 $12,658,000 Total Worth of Property Sold $907,000 Median Unit Sale Price
& CURRUMBIN WATERS
January - 29th February 2024
CURRUMBIN
1st
Recently Sold
CURRUMBIN
1st January - 29th February 2024
CURRUMBIN WATERS
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
60 Woodgee Street Currumbin 5b 4b 2c $4,630,000 Jan 24 5/802 Pacific Parade Currumbin 2b 1b 1c $1,070,000 Jan 24 3/802 Pacific Parade Currumbin 2b 1b 1c $1,175,000 Jan 24 1/56 Teemangum Street Currumbin 5b 3b 2c - Jan 24 4 Sanctuary Crescent Currumbin 3b 3b 2c $1,555,000 Jan 24 101/3-5 Thrower Drive Currumbin 2b 2b 2c $791,000 Jan 24 4H/828 Pacific Parade Currumbin 2b 2b 2c $1,435,000 Jan 24
52 Currumbin Chase Currumbin 4b 2b 2c $1,025,000 Feb 24 8/80-86 Duringan Street Currumbin 3b 2b 2c $1,150,000 Feb 24 2/24 Panorama Drive Currumbin 2b 2b 1c $900,000 Feb 24 85 Woodgee Street Currumbin 4b 2b 2c $2,800,000 Feb 24 ADDRESS SUBURB PARTICULARS PRICE DATE 34/92 Guineas Creek Road Currumbin Waters 3b 2b 2c - Jan 24 1/34 Guineas Creek Road Currumbin Waters 2b 1b 1c $630,000 Jan 24 42 Mainsail Street Currumbin Waters 4b 2b 2c $1,610,000 Jan 24 2/13 Mollys Place Currumbin Waters 3b 2b 2c $907,000 Jan 24 33 Cannon Drive Currumbin Waters 4b 2b 2c $1,250,000 Jan 24 13 Reynton Street Currumbin Waters 3b 1b 2c $1,030,000 Jan 24 11 Cannon Drive Currumbin Waters 3b 2b 2c $1,140,000 Jan 24
January - 29th February 2024
1st
Recently Sold
CURRUMBIN WATERS
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
15/154 Currumbin Creek Road Currumbin Waters 2b 1b 1c $650,000 Jan 24 4 Drumfish Drive Currumbin Waters 3b 1b 2c $900,000 Jan 24 10 Bronhill Street Currumbin Waters 3b 1b 4c $1,100,000 Jan 24 2 Larentia Street Currumbin Waters 4b 3b 5c $1,450,000 Jan 24 61 Galleon Way Currumbin Waters 4b 1b 4c $1,050,000 Jan 24 22/19 Sellin Place Currumbin Waters 3b 2b 2c $710,000 Jan 24 7/56-70 Guineas Creek Road Currumbin Waters 2b 2b 2c $755,000 Feb 24 5 Cyclades Crescent Currumbin Waters 3b 2b 5c $2,000,000 Feb 24 13 Larentia Street Currumbin Waters 5b 3b 3c - Feb 24 30 Cockatiel Place Currumbin Waters 5b 3b 3c $1,920,000 Feb 24 10 Wilpark Crescent Currumbin Waters 4b 2b 2c $1,460,000 Feb 24
Continued
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply
With supply levels expected to remain limited this year despite some stability in construction costs emerging, sentiment surrounding interest rates being at their peak are likely to lead to continued price growth.
Listing volumes ended 2023 aligned with results in 2022; historically, December has subdued results given the holiday season. January, historically, also has a slower start to the year, however preliminary data for 2024 is suggesting alignment with prior years While price growth usually results in greater properties coming to market, the mismatch between construction and population has led to sellers being cautious about bringing their home to market
Auction clearance rates did see some decline during the end of 2023, yet remained ahead of 2022 results Auction clearance rate results for January 2024 have shown encouraging results on the Southern Gold Coast, with Ray White Tugun Elanora achieving 100 per cent, ahead of the 2023 rate of 86 per cent. Lack of stock, resulting in greater competition at auction despite elevated interest rates, will likely continue to be a feature this year
Bidder activity across the Ray White Group has shown significant improvements in 2024, with the number of active bidders up, with registered bidders also showing increase As listings remain tight, competition to secure homes will likely result in greater bidder activity this year.
Welcome Home
CURRUMBIN & CURRUMBIN WATERS
Recently Sold by Ray White Tugun Elanora
14B Darwalla Avenue, Currumbin
SOLD $9,200,000
Under the Hammer
42 Mainsail Street, Currumbin Waters
SOLD $1,610,000
Under The Hammer
696 Pacific Parade, Currumbin
SOLD $8,050,000
Under the Hammer
26 Cyclades Crescent, Currumbin Waters
SOLD $1,519,000
Under The Hammer
Stephen Hay
0409 599 899
stephen.hay@raywhite.com
stephenhayrw
With a professional & infectious enthusiasm to always exceed all expectation Stephen's attention to detail & exceptional level of commitment to his clients is unquestionable He is a highly skilled communicator with an extensive background working in 5 star resorts which has given him a strong foundation for consistently delivering first class service
Stephen is an experienced & progressive Agent who understands that the key to success starts with really listening to his client's needs and working with them to achieve the best possible result. His strong desire to succeed is complimented by his refreshingly positive & friendly approach, enabling him to continually uphold the high standards expected by both vendors & buyers.
Having called the Southern Gold Coast home for the past 20 years Stephen's wealth of local knowledge is hard to beat Being actively involved in the community with his family of 4 children entrenched in local schools, sporting & surf clubs has given him an even greater insight into what makes the Southern Gold Coast so special
S C A N / C L I C K T H E Q R C O D 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 ?
THE GOLD COASTS LARGEST ONLINE AUCTION EVENT
Sell your property on a monumental scale with the backing of Australia’s #1 Real Estate Network No other marketing campaign has the potential to reach more buyers or build more profile on a national level.
ACHIEVE THE HIGHEST POSSIBLE PRICE ON THE VERY BEST TERMS
MAXIMUM EXPOSURE & UNPARALLELED SUCCESS
From first home buyers to downsizers, investors & expats, the Gold Coasts most skilled and experienced Auction offices will bring together the largest qualified buyer pool no matter where they are located Our ability to draw a crowd and create competition has benefited past sellers whose sale price achieved under the hammer was on average at least 12% higher than the best offer they received prior to Auction in January.
Interested in selling, buying or watching this event?
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Ray White proudly conducted 333 auctions across Queensland in January alone with an average of 5.5 registered bidders per property. With 7 in every 10 Auctions selling in 3 weeks or less, with no finance, no building and pest clause, and no cooling off period Our consistent objective on every individual campaign is simple, to achieve the highest price on the very best terms for our sellers. www.raywhitetugunelanora.com.au
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