House sales achieved in the last 8 weeks
21
Duplex/Town House sales achieved in the last 8 weeks
1st April - 31st May 2023
$2,200,000
Highest House Sale Price
MARKET INSIGHTS Banora Point 33
$850,000
Median House Sale Price
$855,000
Highest Duplex Sale Price
$625,000
Median Duplex Sale Price
64 Average DOM
28
RWTE Average DOM
58.3% Auction Clearance
*StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite
80% RWTE Auction Clearance
Banora Point
1st February - 31st March 2023
ADDRESS SUBURB PARTICULARS PRICE DATE *All information sourced is from Pricefinder & this report provides an overview of all sales that have taken place in the area, by all agents not only those of Ray White Tugun/Elanora but other agencies as well In preparing this document we have used our best endeavours to ensure the information contained herein is true and accurate but we accept no responsibility and disclaim all liability in respect to any errors omissions inaccuracies or misstatements that may occur RECENT SALES 20 Firewheel Way 11 Firestone Drive Banora Point Banora Point 4b 2b 2c $915,000 $880,000 May 23 2/325 Darlington Drive 16 Clonakilty Close Banora Point $691,000 $934,000 May 23 May 23 4b 2b 2c 3b 2b 2c 4b 3b 2c 11 Nandina Terrace 12 Bione Avenue Banora Point Banora Point 4b 2b 2c $850,000 $1,022,000 May 23 May 23 19 Summit Drive 2/86 Honeymyrtle Drive Banora Point Banora Point $825,000 $625,000 May 23 May 23 5b 3b 2c 3b 1b 1c 2b 1b 1c 37 Riverside Boulevard Banora Point Banora Point 4b 2b 3c $930,000 $940,000 May 23 May 23 17 Kinross Close 4 Kerry Court Banora Point $910,000 $905,000 May 23 May 23 4b 2b 2c 4b 2b 2c 2b 1b 1c 13/7 Advocate Place 8 Terranora Road Banora Point Banora Point 5b 2b 3c $530,000 $649,000 May 23 May 23 7/14 Kingston Drive 16/13 Parkland Place Banora Point Banora Point $645,000 $835,000 May 23 3b 2b 1c 3b 2b 2c 4b 2b 1c 38 Summit Drive 272 Darlington Drive Banora Point Banora Point $1,015,000 $510,000 May 23 May 23 3b 2b 2c 2b 1b 1c 10/3-19 Amaroo Drive 11/7 Advocate Place Banora Point Banora Point - $530,000 $720,000 May 23 May 23 2/24 Manuka Road Banora Point $825,000 May 23 3b 2b 2c 3b 2b 2c May 23 May 23 Banora Point 9 Tralee Drive Banora Point $780,000 May 23 3b 2b 2c 62 Kimberley Circuit 59 Oyster Point Road Banora Point Banora Point 3b 2b 2c $1,036,000 $955,000 May 23 May 23 10 Somerset Avenue Banora Point 3b 2b 0c 5 White Fig Court Banora Point 4b 3b 4c $1,130,000 May 23
2/34 Cashel Crescent Banora Point 3b 1b 1c $657,500 May 23
Banora Point
1st February - 31st March 2023
ADDRESS SUBURB PARTICULARS PRICE DATE *All information sourced is from Pricefinder & this report provides an overview of all sales that have taken place in the area, by all agents not only those of Ray White Tugun/Elanora but other agencies as well In preparing this document we have used our best endeavours to ensure the information contained herein is true and accurate but we accept no responsibility and disclaim all liability in respect to any errors omissions inaccuracies or misstatements that may occur RECENT SALES 40/73-101 Darlington Drive Banora Point $560,000 1/46 Clonakilty Close 4/1 Macleay Court Banora Point $625,000 $550,000 May 23 May 23 3b 1b 1c 3b 2b 1c 2b 1b 1c 2/8 Covent Gardens Way 22 Curtawilla Street Banora Point Banora Point 3b 2b 2c $790,000 $750,000 May 23 Apr 23 79 Winders Place 2/68 Darlington Drive Banora Point Banora Point $813,000 $618,000 Apr 23 Apr 23 3b 2b 1c 3b 2b 2c 2b 2b 1c 5/3-7 Monterey Avenue Banora Point Banora Point 3b 2b 1c $562,500 $400,000 Apr 23 Apr 23 121/57-79 Leisure Drive 2/92-96 Greenway Drive Banora Point $565,000 $957,300 Apr 23 Apr 23 2b 1b 1c 3b 1b 1c 3b 2b 2c 1/4 Franklin Street 17 Old Ferry Road Banora Point Banora Point 4b 2b 2c $770,000 $1,600,000 Apr 23 Apr 23 2 St Andrews Way 1/25 Westwood Street Banora Point Banora Point $855,000 $985,000 Apr 23 4b 3b 3c 3b 2b 2c 4b 2b 2c 40 Birkdale Court 32/73-101 Darlington Drive Banora Point Banora Point $545,000 $950,000 Apr 23 Apr 23 2b 1b 1c 4b 2b 2c 12 Glen Ayr Drive 5 Kintyre Crescent Banora Point Banora Point 3b 1b 3c $795,000 $775,000 Apr 23 Apr 23 36 Glen Ayr Drive Banora Point $950,000 Apr 23 3b 2b 1c 5b 3b 2c May 23 Apr 23 Banora Point 7 Golf View Court Banora Point $700,000 Apr 23 3b 2b 1c 6/6 Advocate Place 2/132 Darlington Drive Banora Point Banora Point 3b 2b 1c $710,000 $896,500 Apr 23 Apr 23 14 Birkdale Court Banora Point 4b 2b 4c 23 Peter Street Banora Point 5b 3b 4c $1,275,000 Apr 23
$2,000,000 Apr 23 17 Walter Crescent Banora Point 5b 3b 4c 6 Narara Crescent Banora Point 3b 2b 2c $850,000 Apr 23
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEELISTING 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 The Tup Curtis Team
Tup has delivered a truly unique and unmatched level of creativity to the industry for over 13 years Known for her out-of-the-box thinking, she is a well-known member of the community and passionate about sharing the lifestyle that comes along with being a local.
Across all touch points within every transaction, she’s elevating the expectations in service and the commitment to deliver, and in turn, make one of life’s great stresses, anything but. And it’s Tup’s character, negotiation skills and refined attitude that takes it to the next level having helped hundreds of families moved to and from the area.
Forever one step ahead, Tup is uncompromising in her dedication to continually be better than yesterday For the client, for the future, for her team and family, and this vision is mirrored in the wider Ray White Tugun Elanora Group a collective of like-minded operators in drive and delivery Shaping real estate expectations while creating a legacy of ambition, dedication and perfection
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 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 ? Tup Curtis | Proudly Ray White | 0424 987 144 | tup.curtis@raywhite.com