Tugun & Bilinga
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
1st January - 29th February 2024
9 $10,050,000
House sales achieved in January & February 2024
14
Unit sales achieved in January & February 2024
42
58%
Highest Unit Sale Price
Median Unit Sale Price
Highest House Sale Price
Average DOM *Statistics from Pricefinder and preliminary Auction data from Ray White
Suburb
January&February2024
$1,397,000 Median
Average DOM January&February2024
$20,020,000 Total Worth of Property Sold
House Sale Price 23 RWTE
Suburb Auction Clearance January&February2024
RWTE Auction Clearance January&February2024
88%
$26,881,500 Total
$1,200,000
$6,800,000
Worth of Property Sold
BILINGA
TUGUN &
Recently Sold
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
2/3 Coolara Street Tugun 3b 2b 2b $1,230,000 Jan 24 25B Teemangum Street Tugun 5b 3b 5c $2,620,000 Jan 24 12 Wickham Crescent Tugun 4b 1b 1c $1,199,000 Jan 24 22 Narrane Street Tugun 4b 3b 2b $1,800,000 Jan 24 7/369 Golden Four Drive Tugun 2b 2b 1c $1,275,000 Jan 24 2/23 Biby Street Tugun 3b 2b 2c $1,110,000 Jan 24 447B Golden Four Drive Tugun 3b 2b 2c - Jan 24 31/387 Golden Four Drive Tugun 2b 2b 1c $1,550,000 Jan 24 2/4 Clancy Court Tugun 2b 1b 2c $612,000 Jan 24 4 Singh Street Tugun 2b 2b 1c $1,240,000 Jan 24 1/6 Jodie Street Tugun 2b 1b 2c $950,000 Feb 24 2/34 Cabarita Avenue Tugun 2b 1b 1c $790,000 Feb 24 18 Blamey Drive Tugun 5b 3b 1c $1,600,000 Feb 24 2/12 Kallara Street Tugun 3b 2b 2c $1,480,000 Feb 24 620 Pacific Parade Tugun 5b 6b 2c $10,050,000 Feb 24 18/2 Inland Drive Tugun 3b 2b 1c $900,000 Feb 24 23/143 Golden Four Drive Bilinga 2b 2b 1c $1,000,000 Jan 24 7/69 Golden Four Drive Bilinga 2b 1b 2c $798,000 Jan 24 222 Pacific Parade Bilinga 14b 14b 6c $6,800,000 Feb 24 14/313 Golden Four Drive Bilinga 3b 3b 2c $3,900,000 Feb 24 92 Pacific Parade Bilinga 2b 1b 1c $5,500,000 Feb 24 102/46-48 Pacifc Parade Bilinga 3b 3b 2c $2,800,000 Feb 24
BILINGA 1st January - 29th February 2024 2/7-9 Teemangum Street Tugun 3b 2b 2c $1,200,000 Jan 24
TUGUN &
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 surprising, 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 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 continue to be a feature this year
Bidder activity across the Ray White Group has shown significant improvements 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
Welcome Home
TUGUN & BILINGA SALES
Recently Sold by The John Parkes Team
2/23 Biby Street, Tugun
SOLD $1,110,000
Online Auction
5 Cocararra Court, Tugun
SOLD $1,220,000
Online Auction
6 Elowra Court, Tugun
SOLD $1,320,000
Online Auction
23A Millers Drive, Tugun
SOLD $1,290,000
Online Auction
Through continual hard work, unmatched enthusiasm & a genuine passion for property John has not only become the No 1 agent in our local area but as a Chairman's Elite Member he is in the top 1% of the entire Ray White Group internationally, achieving the highest accolade within the network
John’s friendly outgoing personality & innovative approach belies a highly skilled negotiator with over 13 years of Real Estate sales experience By maintaining a positive attitude & combining comprehensive communications through a proven marketing strategy, John is achieving more sales with greater results for each of his valued clients
John leads his own personal team of highly trained professionals who work together to ensure every client receives exceptional service each & every time. This skilled support team paired with the backing of the leading office on the Southern Gold Coast gives John a unique advantage in the local market
By consistently achieving the latest sales in our area John’s local market knowledge is second to none, which is invaluable when helping Owners who are considering selling their biggest asset John understands that being a market leader is not achieved through luck, instead it must be earned then proven, time & time again
m
0418 245 590
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 ?
JOHN PARKES@RAYWHITE COM JOHN PARKES JOHN PARKES
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
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.
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. www.raywhitetugunelanora.com.au
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