Stephen Hay Stephen Hay
MARKET INSIGHTS 1st June - 31st July 2023 6 $2,900,000 Highest Sale Price salesachieved inthelast8weeks $1,730,000 Median Sale Price 87 Average DOM 35 RWTE Average DOM 58% Gold Coast Auction Clearance 80% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite Tallebudgera 5 $4,350,000 Highest Sale Price sales achievedinthelast8weeks $2,365,000 Median Sale Price 96 Average DOM 39 RWTE Average DOM TallebudgeraValley 1 $1,050,000 Highest Sale Price sales achievedinthelast8weeks $1,050,000 Median Sale Price 76 Average DOM 42 RWTE Average DOM CurrumbinValley Tallebudgera
Valley
Tallebudgera Valley Currumbin
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE 56 Mary Bale Drive 29 Hidden Cove Tallebudgera Tallebudgera 5b 2b 4c $2,900,000 $1,350,000 July 23 16 Staatz Court 34 Jersey Court Tallebudgera Tallebudgera $1,610,000 $1,250,000 June 23 June 23 4b 3b 2c 6b 3b 5c 4b 2b 3c July 23 RECENT SALES Tallebudgera 1st June - 31st July 2023 ADDRESS SUBURB PARTICULARS PRICE DATE 1432 Tallebudgera Creek Road 1/94 Gibsonville Street Tallebudgera Valley Tallebudgera Valley 3b 1b 5c $1,040,000 $2,800,000 July 23 556 Tallebudgera Creek Road 50-56 Gibsonville Street Tallebudgera Valley Tallebudgera Valley $2,365,000 $4,350,000 June 23 June 23 5b 3b 2c 5b 2b 2c 5b 3b 7c June 23 250 Tallebudgera Creek Road Tallebudgera Valley $2,240,000 June 23 6b 3b 4c 37 Coorabin Court 259 Trees Road Tallebudgera Tallebudgera $1,850,000 $2,700,000 June 23 June 23 5b 3b 5c 5b 3b 2c Tallebudgera
ADDRESS SUBURB PARTICULARS PRICE DATE 922 Currumbin Creek Road Currumbin Valley 3b 1b 6c $1,050,000 July 23 Currumbin Valley
Valley
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 Stephen Hay
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
Loving where you live makes Real Estate an enjoyable journey
WELCOME HOME Recently Sold by Ray White Tugun Elanora 2/463 Trees Road, Tallebudgera SOLD $1 360 000 Post Auction 230 Trees Road, Tallebudgera SOLD $1 610 000 Under The Hammer 264 Trees Road, Tallebudgera SOLD $1 520 000 Under the Hammer 12 Lindwall Place, Currumbin Valley SOLD $1,600,000 Post Auction 2 Hide A Way, Currumbin Valley SOLD $1,245,000 Private Treaty 34 Thomas Waters Road, Tallebudgera Valley SOLD $1,850,000 Private Treaty 922 Currumbin Creek Road, Currumbin Valley SOLD $1,050,000 Post Auction 18 Creek Way, Currumbin Valley SOLD $1,160,000 Private Treaty 2 Mumdjin Court, Currumbin Valley SOLD $1,630,000 Post Auction
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 O N T A C T M E T O D A Y F O R 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 Stephen Hay Ray White Tugun Elanora 0409 599 899 07 5598 2577 stephen.hay@raywhite.com www.raywhitetugunelanora.com.au
