2 $2,100,000
House Sale Price House sales achieved in the last 8 weeks $1,650,000
House Sale Price 20
Apartment Sale Price Apartment sales achieved in the last 8 weeks $800,000
Apartment Sale Price 73 Average DOM 35 RWTE Average DOM 58% Suburb Auction Clearance 75% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite MARKET INSIGHTS Coolangatta 1st June - 31st July 2023 June&July2023 June&July 2023 June&July2023 June&July2023
Highest
Median
$3,100,000 Highest
Median
ADDRESS SUBURB PARTICULARS PRICE DATE *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur 12/9 South Street 91/2-8 Creek Street Coolangatta Coolangatta 2b 2b 2c $930,000 $2,725,000 July 23 4/80 Marine Parade 3/5-7 Tweed Street Coolangatta Coolangatta $905,000 $660,000 July 23 July 23 3b 2b 3c 2b 2b 1c 2b 2b 2c 5/54 Coolangatta Road 3/28 Dutton Street Coolangatta Coolangatta 3b 2b 1c $800,000 $870,000 July 23 July 23 62/92-102 Marine Parade 5/74 Stapylton Street Coolangatta Coolangatta $610,000 $720,000 July 23 July 23 2b 2b 2c 1b 1b 1c 2b 1b 2c 8/2 Haig Street 16/190 Marine Parade Coolangatta Coolangatta 3b 1b 1c $800,000 $1,470,000 June 23 June 23 1/86-90 Marine Parade Coolangatta $715,000 June 23 2b 2b 1c 2b 2b 1c 6/47 Rutledge Street 33-37 Dixon Street Coolangatta Coolangatta 2b 1b 1c $910,000 $750,000 June 23 June 23 51 Winston Street 53/80 Marine Parade Coolangatta Coolangatta $3,100,000 $1,300,000 June 23 2b 2b 1c 8b 4b 4c 2b 2b 0c 2/29 Binya Avenue Coolangatta $1,547,500 June 23 3b 2b 2c 94 Dutton Street 87 Garrick Street Coolangatta Coolangatta 3b 1b 1c $1,200,000 $2,100,000 June 23 June 23 5/33 Dixon Street Coolangatta $750,000 June 23 4b 2b 3cJuly 23 June 23 12/243 Boundary Street Coolangatta $775,000 June 23 2b 2b 1c
Coolangatta 1st June - 31st July 2023 8/74 Coolangatta Road Coolangatta $685,000 June 23 2b 1b 4c 13-15 Haig Street Coolangatta $990,000 June 23 2b 2b 2c
RECENT SALES
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 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
WELCOME HOME Recently Sold
by Ray White Tugun Elanora
2/9 Churchill Street, Coolangatta
SOLD $835,000
Under the Hammer
67a Rutledge Street, Coolangatta
SOLD $1,550,000
Under the Hammer
7/29-31 Dixon Street, Coolangatta
SOLD $715,000
Under the Hammer
31 Rutledge Street, Coolangatta
SOLD $2,207,000
Post Auction
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
