June & July Suburb Snapshot - Palm Beach - Stephen Hay

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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 100% 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 28 Illaroo Street Palm Beach $1,465,000 June 23 4b 2b 2c

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 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

26 Tallebudgera Drive, Palm Beach

SOLD $2,010,000

Under the Hammer

1/68 Tallebudgera Drive, Palm Beach

SOLD $1,155,000

Under the Hammer

86 Leyte Avenue, Palm Beach

SOLD $1,515,000

Under The Hammer

20 Hopbush Street, Palm Beach

SOLD $1,470,000

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 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 Stephen Hay Ray White Tugun Elanora 0409 599 899 07 5598 2577 stephen.hay@raywhite.com www.raywhitetugunelanora.com.au

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ELITE AGENT, ELITE EXPERIENCE Stephen Hay

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page 9

WHY SELL NOW?

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