Coolangatta
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
COOLANGATTA
1st January - 29th February 2024
27
Sales achieved in January & February 2024
48
Suburb Average DOM
67%
Suburb Auction Clearance
$4,750,000 Highest Sale Price
$1,012,000 Median Sale Price
$42,052,500 Total Worth of Property Sold
36
RWTE Average DOM
86%
RWTE Auction Clearance
*Statistics from Pricefinder and preliminary Auction data from Ray White
January&February2024
January&February2024
January&February2024
January&February2024
Recently Sold
COOLANGATTA
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
221-223/99 Griffith Street Coolangatta 2b 2b 1c $1,060,000 Feb 24 2003/110 Marine Parade Coolangatta 3b 4b 3c $4,750,000 Feb 24 302/7 Douglas St Coolangatta 2b 2b 1c $1,300,000 Feb 24 1402/1 Lord Street Coolangatta 2b 2b 1c $1,400,000 Feb 24 2/55 Dixon Street Coolangatta - $1,250,000 Feb 24 6/3 Lord Street Coolangatta 2b 1b 2c $742,000 Feb 24 11/46 Coolangatta Road Coolangatta 2b 1b 1c $685,000 Feb 24 1801/60 Marine Parade Coolangatta 4b 3b 2c $4,000,00 Feb 24 5/23 Coolangatta Rd Coolangatta 2b 1b 1c $715,000 Feb 24 502/4-10 Douglas St Coolangatta 2b 2b -c $965,000 Feb 24 22/112 Musgrave Street Coolangatta 2b 2b 1c $780,000 Feb 24 7 Douglas St Coolangatta - $1,183,000 Jan 24 609/13-15 Haig Street Coolangatta 2b 2b 1c $920,000 Jan 24 62 Garrick Street Coolangatta 2b 2b 2c $790,000 Jan 24 7 Douglas St Coolangatta - $1,775,000 Jan 24 4/36-38 Dutton Street Coolangatta 2b 2b 1c $870,000 Jan 24 7/50 Dutton Street Coolangatta 2b 2b 1c $870,000 Jan 24 1-5 Miles Street Coolangatta 3b 3b 2c $3,700,000 Jan 24 2/6 Petrie Street Coolangatta 2b 2b 1c $1,425,000 Jan 24 108/88 Marine Parade Coolangatta 1b 1b 1c $432,500 Jan 24 502/6 Douglas Street Coolangatta 2b 2b 1c $965,000 Jan 24 111/62-68 Marine Parade Coolangatta 2b 2b 1c $1,100,000 Jan 24 1005/1-3 Douglas Street Coolangatta 3b 3b 2c $3,600,000 Jan 24
1st January - 29th February 2024 4/72 Stapylton Street Coolangatta 2b 1b 2c $725,000 Jan 24
Recently Sold
COOLANGATTA
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
21/9 Petrie Street Coolangatta 3b 2b 1c $2,150,000 Jan 24 7/7-9 Stapylton Street Coolangatta 2b 2b 1c $860,000 Jan 24 4/47 Dixon Street Coolangatta 2b 1b 2c $680,000
Jan 24
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While suprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply
With supply levels expected to remain limited this year despite some stability in construction costs emerging, sentiment surrounding interest rates being at their peak are likely to lead to continued price growth
Listing volumes ended 2023 aligned with results in 2022; historically, December has subdued results given the holiday season January, historically, also has a slower start to the year, however preliminary data for 2024 is suggesting alignment with prior years While price growth usually results in greater properties coming to market, the mismatch between construction and population has led to sellers being cautious about bringing their home to market
Auction clearance rates did see some decline during the end of 2023, yet still remained ahead of 2022 results Auction clearance rate results for January 2024 have shown encouraging results on the Southern Gold Coast, with Ray White Tugun Elanora achieving 100 per cent, ahead of the 2023 rate of 86 per cent Lack of stock, resulting in greater competition at auction despite elevated interest rates, will likely contuneu to be a feature this year
Bidder activity across the Ray White Group has shown significant imporvements in 2024, with the number of active bidders up, with registered bidders also showing increase As listings remain tight, competition to secure homes will likely result in greater bidder activity this year
Alex Phillips
Forward thinking and fast paced by nature, Alex has an unrivalled flair for customer service having previously owned a business within the hospitality industry It’s his lively character paired with the ability to connect that allows him to establish rapport with his clients in no time at all
Relocating his young family to the Gold Coast in 2015, Alex and his wife Alicia, have a weighted appreciation of the opportunities & lifestyle our region offers Now in the position to raise their children to see the value of hard work, dedication and ambition while teaching them the importance of a hearty, healthful lifestyle These are principles in life that ultimately reflect in Alex's work ethic
Humble enough to know all good things take time; with plenty of resources to identify the right answer, he’s approaching each sale from all angles And making sure your campaign’s getting his best one
S C A N / C L I C K T H E Q R C O D 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 ?
0404 335 212 alex phillips@raywhite com alex phillips rwte
THE GOLD COASTS LARGEST ONLINE AUCTION EVENT
Sell your property on a monumental scale with the backing of Australia’s #1 Real Estate Network No other marketing campaign has the potential to reach more buyers or build more profile on a national level.
ACHIEVE THE HIGHEST POSSIBLE PRICE ON THE VERY BEST TERMS
Ray White proudly conducted 333 auctions across Queensland in January alone with an average of 5.5 registered bidders per property. With 7 in every 10 Auctions selling in 3 weeks or less, with no finance, no building and pest clause, and no cooling off period Our consistent objective on every individual campaign is simple, to achieve the highest price on the very best terms for our sellers.
MAXIMUM EXPOSURE & UNPARALLELED SUCCESS
From first home buyers to downsizers, investors & expats, the Gold Coasts most skilled and experienced Auction offices will bring together the largest qualified buyer pool no matter where they are located Our ability to draw a crowd and create competition has benefited past sellers whose sale price achieved under the hammer was on average at least 12% higher than the best offer they received prior to Auction in January.
Interested in selling, buying or watching this event?
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S U N D A Y , 2 1 S T A P R I L F R O M X X X
www.raywhitetugunelanora.com.au