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.
Daniel Jeffries LICENSED REAL ESTATE AGENT 0422 020 920
daniel.jeffries@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 by
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
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 Daniel Jeffries NOTEABLE SALES ~ 2023 CALENDAR YEAR aty Tre e t va Pri
ion uct A e lin On
ion uct A to or Pri
47 GOLDEN FOUR DRIVE, BILINGA
10 REGENT STREET, CURRUMBIN
SALE PRICE: $2,200,000
BUYER ORIGIN: LOCAL
ty rea T e vat Pri
SALE PRICE: $1,600,000
30 CHIPPENDALE CRESCENT, CURRUMBIN WATERS
BUYER ORIGIN: LOCAL
SALE PRICE: $1,195,000
ion uct A e lin On
aty Tre e t va Pri
24 SERAFINI COURT, ELANORA SALE PRICE: $1,255,000
20 ELIZABETH STREET, TUGUN
17 HARRIS COURT, CURRUMBIN WATERS
BUYER ORIGIN: INTERSTATE
SALE PRICE: $1,900,000
BUYER ORIGIN: INTERSTATE
BUYER ORIGIN: QLD
SALE PRICE: $2,850,000
BUYER ORIGIN: LOCAL
Our Market at a Glance AUGUST 2023 - OCTOBER 2023 CURRUMBIN
CURRUMBIN WATERS
SOLD LAST QUARTER
HOUSES
UNIT
HOUSES
UNIT
HIGHEST $3,500,000
HIGHEST $1,518,000
HIGHEST $7,200,000
HIGHEST $1,800,000
MEDIAN $1,355,000
MEDIAN $675,000
MEDIAN $1,380,000
MEDIAN $895,000
24
9
HOUSES
UNITS
AVERAGE DOM*
57
SUBURB AV.
34 RWTE AV.
SOLD LAST QUARTER
13
8
HOUSES
TUGUN
SOLD LAST QUARTER
UNITS
AVERAGE DOM*
36
SUBURB AV.
31
RWTE AV.
ELANORA
HOUSES
UNIT
HOUSES
UNIT
HIGHEST $1,700,000
HIGHEST $2,260,000
HIGHEST $1,790,000
HIGHEST $830,000
MEDIAN $1,190,000
MEDIAN $898,500
MEDIAN $1,208,000
MEDIAN $661,214
17
HOUSES
40
UNITS
AVERAGE DOM*
36
SUBURB AV.
26
RWTE AV.
SOLD LAST QUARTER
43
HOUSES
14
UNITS
AVERAGE DOM*
39 SUBURB AV.
29
RWTE AV.
Daniel Jeffries 13+ YEARS SELLING EXPERIENCE ON THE SOUTHERN GOLD COAST
0422 020 920
DANIEL.JEFFRIES@RAYWHITE.COM
Leading group, Local team "Daniel is knowledgeable and organised. He goes above and beyond to look after his clients and communicates well every step of the way." - Seller in Currumbin Waters
DANIEL_JEFFRIES_RAYWHITE
Christmas Cooking On the hunt for some festive cooking
Scan me 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