MARKET INSIGHTS Tis the season to be selling... As your leading local real estate specalist, I am pleased
Our
job
has
always
been
the
same.
To
create
to report the 2023 selling season saw our local market
competition for our sellers - and we can do that in any
reach new heights, with price upswing predicted to
market. The process remains the same to market our
continue into the new year.
properties as far and widely as possible for our sellers.
National home prices reclaimed 2022’s price falls in their
We hope you find the following information helpful, & as
entirety in October, as national home prices climbed
the year draws to a close I'd like to sincerely thank-you
0.36% month-on-month to set another record, bringing
for your ongoing support. The privilege of representing
them up 4.93% so far this year.
someone in the sale of their home & the relationships we get to build along the way is never lost on us & it's why
Buyer and seller confidence is buoyant. Although the
we love what we do.
flow of new listings hitting the market has risen, the demand for housing has remained strong and home
From our family to yours we wish you a very Merry
prices continued to move higher with the upturn firmly
Christmas & hope you get to enjoy some quality time
entrenched.
with those you love over the festive season.
Looking ahead, although interest rates may rise further, they remain close to if not at their peak. Together with a shortage of new home builds and continued challenging conditions in the rental market, prices are expected to continue
to
rise
despite
affordability
remaining
stretched.
Alex Phillips PROPERTY & SALES SPECIALIST 0404 335 212
alex.phillips@raywhite.com
www.raywhitetugunelanora.com.au
The magic of our yellow hammer... YOUR 2023 COMPETITION CREATORS This year, we were pleased to see our RWTE Online Auction Event’s continue to provide premium results for our clients, despite market dynamics being known to change unpredictably. When comparing Auction vs Private treaty our data shows us the average days on market for auction is comfortably sitting at 28, whilst private treaty is increasing at 51. Not only are we continuously seeing willingness from local property owners to transact under the hammer, we’re seeing more buyers prepared to bid and buy at auction than what we have seen for some time. Auction bidding is a reflection of the market in real time; it provides vendors genuine insights into the energy and pulse of the market. With three fantastic years of Online Auctions under our belt, we can't wait to see what the new year brings for these successful events!
$102M+
135
85%
658
1,232
WORTH OF PROPERTY SOLD
PROPERTIES AUCTIONED ONLINE
AUCTION PROPERTIES SOLD AT AUCTION, PRIOR, POST
BUYERS REGISTERED TO BID
LIVE BIDS PLACED
7,300+ LOCAL, INTERSTATE & INTERNATIONAL ONLINE VIEWERS
On the Horizon WHAT’S ON IN YOUR LOCAL COMMUNITY
Little Ray of Giving
Tugun Lights Up
GC50 Run Festival
We are proud to be sponsoring The Pyjama Foundation in this years Little
Free festive fun for the whole family! Proudly sponsored by Ray
With a course that hugs the jawdropping beautiful southern Gold
Ray of Giving Christmas Initiative. Give to children in care this festive season
White Tugun Elanora. Join us at the end of Toolona Street (beach end)
Coast town of Coolangatta, the GC50 event awaits you and your run
by wrapping and delivering gifts to our Tugun Office Giving Tree.
for live music, delicious food and a special visit from Santa!
crew! Proudly sponsored by Ray White Tugun Elanora
13th November - 6th December 423 Golden Four Drive, Tugun
2nd December 4pm - 8pm tugunlightsup.com.au
2nd & 3rd December www.GC50runfestival.com.au
Sold by Alex Phillips NOTEABLE SALES ~ 2023 CALENDAR YEAR on cti u st A Po
on cti u st A Po
ty rea T e vat Pri
109 MCLEAN STREET, COOLANGATTA
4/98 MCLEAN STREET, COOLANGATTA
3/17 KORINA AVENUE, COOLANGATTA
SALE PRICE: $1,900,000
SALE PRICE: $1,220,000
BUYER ORIGIN: LOCAL
BUYER ORIGIN: LOCAL
SALE PRICE: $731,500
BUYER ORIGIN: LOCAL
ion uct A e lin On
ion uct A e lin On
ion uct A e lin On
2/9 CHURCHILL STREET, COOLANGATTA
67A RUTLEDGE STREET, COOLANGATTA
5/54 COOLANGATTA ROAD, COOLANGATTA
SALE PRICE: $835,000
BUYER ORIGIN: QLD
SALE PRICE: $1,550,000
BUYER ORIGIN: LOCAL
SALE PRICE: $800,000
BUYER ORIGIN: LOCAL
Our Market at a Glance AUGUST 2023 - OCTOBER 2023 COOLANGATTA
SOLD LAST QUARTER
TWEED HEADS SOUTH
HOUSES
APARTMENTS
HOUSES
APARTMENTS
HIGHEST $2,350,000
HIGHEST $4,000,000
HIGHEST $1,160,000
HIGHEST $780,000
MEDIAN $1,775,000
MEDIAN $995,000
MEDIAN $850,000
MEDIAN $621,000
41
8
HOUSES
UNITS
AVERAGE DOM*
52
SUBURB AV.
35
RWTE AV.
SOLD LAST QUARTER
UNITS
AVERAGE DOM*
44
SUBURB AV.
32 RWTE AV.
KINGSCLIFF
BANORA POINT
SOLD LAST QUARTER
22
23
HOUSES
HOUSES
APARTMENTS
HOUSES
APARTMENTS
HIGHEST $868,500
HIGHEST $2,100,000
HIGHEST $8,000,000
HIGHEST $2,400,000
MEDIAN $653,000
MEDIAN $933,600
MEDIAN $1,700,000
MEDIAN $955,000
68
HOUSES
27 UNITS
AVERAGE DOM*
52 SUBURB AV.
32 RWTE AV.
SOLD LAST QUARTER
35
HOUSES
14
UNITS
AVERAGE DOM*
57 SUBURB AV.
32
RWTE AV.
Alex Phillips
PROUD TO BE YOUR LEADING LOCAL PROPERTY SPECIALIST
0404 335 212
ALEX.PHILLIPS@RAYWHITE.COM
Leading group, Local team "Alex approached us last year and did a free appraisal on our property with no strings attached. He has kept in touch since then giving us updates on property sales in our area. So when we decided to sell he was a natural choice and he has done a great job. He was always optimistic and encouraging but did not give us false hope. We found him understanding of our needs and sympathetic in our stress over the sale of our home. We are vert happy with him.." - Seller in Coolangatta
ALEX_PHILLIPS_RWTE
Christmas Cooking Scan me On the hunt for some festive cooking
for recipes!
inspiration this silly season? Our team have put together a delicious Christmas cooking e-book filled with our go-to Christmas day delicacies.
CURIOUS TO KNOW HOW THIS YEAR’S MARKET MAY HAVE INFLUENCED THE VALUE OF YOUR HOME IN 2024? SCAN THE QR CODE TO BOOK AN OBLIGATION FREE MARKET APPRAISAL