45 6 $2,560,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $1,350,000 MEDIAN HOUSE SALE PRICE OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET *Statistics from Pricefinder and preliminary Auction data from Ray White MARKET INSIGHTS 1ST MARCH - 30TH APRIL 2024 SUMMARY Sold OVERALL PERFORMANCE- INSIGHTS FOR THE LAST 8 WEEKS ONLY CURRUMBIN VALLEY - INSIGHTS FOR THE LAST 8 WEEKS ONLY 26 RAY WHITE TUGUN ELANORA AVERAGE DAYS ON MARKET 52% OUR CLOSEST COMPETITORS AUCTION CLEARANCE RATE 89% RAY WHITE TUGUN ELANORA AUCTION CLEARANCE RATE 3 $1,650,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $1,625,000 MEDIAN HOUSE SALE PRICE Sold TALLEBUDGERA VALLEY - INSIGHTS FOR THE LAST 8 WEEKS ONLY 8 $4,750,000 HIGHEST HOUSE SALE PRICE HOUSE SOLD $2,502,000 MEDIAN HOUSE SALE PRICE Sold TALLEBUDGERA - INSIGHTS FOR THE LAST 8 WEEKS ONLY
TALLEBUDGERA VALLEY
TALLEBUDGERA VALLEY
SALES 1ST MARCH - 30TH APRIL 2024 SOLD A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E 26 Wattlebird Court 21 Village Way Currumbin Valley Currumbin Valley 4b 2b 2c $1,500,000Apr 24 1263 Currumbin Creek Road 1078 Currumbin Creek Road Currumbin Valley Currumbin Valley$1,350,000 Apr 24 Apr 24 2b 2b 2c 8b 4b 5c 3b 1b 2c 131/639 Currumbin Creek Road 322 Piggabeen Road Currumbin Valley Currumbin Valley 4b 2b 2c $1,625,000 $2,560,000 Apr 24 Apr 24 5b 3b 5c Apr 24
VALLEY A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E
RECENT
CURRUMBIN
58 Monday Drive 19 Tuesday Drive Tallebudgera Valley Tallebudgera Valley 4b 2b 5c $1,600,000Apr 24 21-25 Thursday Drive Tallebudgera Valley $1,650,000 Apr 24 4b 2b 2c 3b 1b 4c Apr 24 A D D R E S S S U B U R B P A R T I C U L A R S P R I C E D A T E
19 Trees Road 15 Mary Bale Drive Tallebudgera Tallebudgera 3b 3b 3c $1,550,000 $3,500,000 Apr 24 272B Trees Road 20 Jamberoo Court Tallebudgera Tallebudgera $1,680,000 $1,000,000 Apr 24 Mar 24 5b 3b 5c 4b 4b 2c 6b 3b 4c Apr 24 8 Hidden Cove 567 Trees Road Tallebudgera Tallebudgera 4b 2b 2c $1,400,000 $3,325,000 Mar 24 17 Maybree Close 408 Trees Road Tallebudgera Tallebudgera $4,750,000 $1,560,000 Mar 24 Mar 24 4b 3b 2c 5b 4b 3c 5b 2b 2c Mar 24
NATIONAL MARKET WRAP
FROM THE DESK OF THE RAY WHITE ECONOMICS TEAM
Price growth continued again in April with Perth and regional Western Australia seeing the strongest price growth in the country Over the month, Sydney units were the only market where we saw a slight decline in prices Year-on-year we are seeing prices increase in every suburb of the country
The growth in pricing continues despite interest rates remaining high Inflation data released last week suggests interest rates are likely to remain higher for longer Whereas on the morning of April 24, markets were pricing in a cut for October 2024, by April 25, this timing had changed to April 2025 Looking at data at this exact point in time suggests no cut in 2024 We will have a better idea as to the impact on pricing of this change in the interest outlook in May.
Regardless, many of the drivers of house price growth continue Population growth is moderating, however, we built around 50,000 too few homes last year and it will take some time to catch up Construction costs remain elevated and we are off to a poor start to achieving what was set out in the Housing Accord of 1 2 million homes to be built over five years While it remains cheaper to buy an established home than build a new one, it means that price growth will continue
INSIGHTS
INSIGHTS
AUCTION INSIGHTS
Clearance rates have shown improved strength in 2024 Limited listings and ongoing need for housing stock has translated into good success at auction Results for March 2024 sit at 72 1%, slightly behind 2022 results of 73%, albeit well ahead of last year ’ s results With limited listing numbers and expectations of interest rate reductions, we expect to see greater urgency enter the market, keeping clearance rates elevated this year
FOR MORE PROPERTY MARKET INSIGHTS SCAN THE QR CODE TO READ THE LATEST EDITION OF THE RAY WHITE NOW REPORT
WELCOME HOME
Just Sold by Laura Robinson
29 Whitsunday Drive, Currumbin Waters
SOLD $2,225,000
Post Auction
1/67 Leyte Avenue, Palm Beach
SOLD $815,000
Under the Hammer
49 Saffron Street, Elanora
SOLD $1,005,000
Under the Hammer
7/43 Murtha Drive, Elanora
SOLD $820,000 Private Treaty
SOLD
SCAN THIS QR CODE FOR AN OBLIGATION FREE PROPERTY APPRAISAL CURIOUS TO KNOW HOW THESE RESULTS EFFECT THE VALUE OF YOUR HOME?
Laura Robinson
A passionate, professional and committed agent who definitely has the care factor, Laura is renowned for delivering quality service while achieving outstanding results Clients appreciate her wealth of real estate experience, comprehensive regional knowledge, extensive network of contacts and unparalleled understanding of the local property market
Laura says she enjoys the thrill of watching people interact with a property, observing the emotional transaction which takes place when they know it’s right for them As a real estate agent, Laura constantly updates her skills through ongoing professional development from the industry’s premier educators
0416 167 813 laura.robinson@raywhite.com @laurarobinson
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