SUMMER SURGE: SEIZE YOUR OPPORTUNITY THIS Festive Season
As we near the festive season, the Southern Gold Coast real estate market is buzzing with activity, offering plenty of opportunities for those looking to buy or sell With strong demand, limited stock, and the allure of beachfront and hinterland properties, our local market is set for a dynamic summer ahead
Our auction clearance rate this year stands at an impressive 87%, reinforcing that auctions remain the best way to achieve outstanding results Our dynamic online auction process, once a vision of the future, is now the superior choice seamlessly efficient, accessible, and designed to maximise value
Whether you're considering a move or just staying informed, now is the ideal time to explore your real estate options before the busiest season of the year the January New Year market kicks in!
We hope you enjoy this market update as we wrap up another exciting year in real estate From all of us here, we wish you and your loved ones a joyful and restful Christmas and a prosperous start to the New Year!
John Parkes
Selling Principal Ray White Tugun
0418 245 590
john parkes@raywhite com
a littleRayof Giving
EVERYBODY DESERVES TO SMILE THIS CHRISTMAS...
This Christmas, we're spreading extra cheer by proudly supporting Pajama Angels, and we’re inviting our incredible community to join us in bringing smiles to children in foster care A thoughtful gift from you can light up their world and show them just how much they’re cared for Together, we can make this holiday season one they'll never forget Every donation, no matter how big or small, helps make a difference in their lives Please drop off your presents at our Tugun office by 10th December, and help us share the joy of giving this festive season
National Market Update
The residential property market in Australia continues to demonstrate resilience, with both houses and units experiencing a modest price increase of 0 4 per cent this month While this represents a deceleration in growth, it underscores the market’s ongoing stability Notably, there is an increasing divergence in market performance across various states and regions, reflecting the nuanced impact of localised economic factors
A significant development in the broader economic landscape is the August CPI result of 2 7 per cent While this is just a monthly result, it does fall within the Reserve Bank’s target inflation range of 2-3 per cent, fuelling expectations of potential interest rate cuts in the coming year This positive outlook has invigorated the market, with early indicators suggesting an uptick in spring listing activity compared to previous years
Looking at the longer-term trends, the housing market has shown substantial growth over the past 12 months House prices have surged by 8 3 per cent, pushing the national average to $900,122 The unit market, while growing at a slightly slower pace, has still seen a robust 6 4 per cent annual increase, with the national mean now standing at $669,708
The past month witnessed diverse price growth across Australian property markets, further accentuating nationwide value disparities Encouragingly, all cities experienced increases in mean house prices, though the pace varied significantly Brisbane and Southeast Queensland stand out, with Brisbane seeing the highest annual house price growth among capital cities, largely due to demand from interstate migration and strong local fundamentals Regional Queensland areas have also maintained resilience, rdability For more detailed insights, check the full report by scanning the QR Code below
Nerida Conisbee
CHIEF ECONOMIST RAY WHITE
Palm Beach Snapshot
