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.
Dion Zorko SALES & PROPERTY SPECIALIST 0416 516 652
dion.zorko@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 The Dion Zorko Team NOTEABLE SALES ~ 2023 CALENDAR YEAR aty Tre e t va Pri
164 MALLAWA DRIVE, PALM BEACH SALE PRICE: $2,950,000
BUYER ORIGIN: INTERSTATE
on cti Au e lin On
on cti Au e lin On
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86 LEYTE AVENUE, PALM BEACH
8-10 BUCKINGHAM WAY, ELANORA
SALE PRICE: $1,515,000
BUYER ORIGIN: LOCAL
SALE PRICE: $1,710,000
ion uct A to or Pri
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14 JANDAKOT COURT, ELANORA SALE PRICE: $1,400,000
30 DOMAIN ROAD, CURRUMBIN
2/5 BALI AVENUE, PALM BEACH
BUYER ORIGIN: INTERSTATE
SALE PRICE: $1,360,000
BUYER ORIGIN: LOCAL
BUYER ORIGIN: LOCAL
SALE PRICE: $1,230,000
BUYER ORIGIN: LOCAL
Our Market at a Glance AUGUST 2023 - OCTOBER 2023 PALM BEACH
SOLD LAST QUARTER
CURRUMBIN
HOUSES
APARTMENTS
HOUSES
APARTMENTS
HIGHEST $10,200,000
HIGHEST $2,400,000
HIGHEST $7,200,000
HIGHEST $1,800,000
MEDIAN $1,559,000
MEDIAN $852,500
MEDIAN $1,380,000
MEDIAN $895,000
47
74
HOUSES
UNITS
AVERAGE DOM*
92
SUBURB AV.
36
RWTE AV.
SOLD LAST QUARTER
13
8
HOUSES
AVERAGE DOM*
36
SUBURB AV.
31
RWTE AV.
TUGUN
ELANORA
SOLD LAST QUARTER
UNITS
HOUSES
APARTMENTS
HOUSES
APARTMENTS
HIGHEST $1,790,000
HIGHEST $830,000
HIGHEST $1,710,000
HIGHEST $2,260,000
MEDIAN $1,208,000
MEDIAN $661,214
MEDIAN $1,190,000
MEDIAN $898,500
43 HOUSES
14 UNITS
AVERAGE DOM*
39 SUBURB AV.
29 RWTE AV.
SOLD LAST QUARTER
17
HOUSES
40
UNITS
AVERAGE DOM*
36 SUBURB AV.
26
RWTE AV.
Awarded R A Y
W H I T E
PREMIER P E R F O R M E R
2 2 - 2 3
0416 516 652
DION.ZORKO@RAYWHITE.COM
Leading group, Local team
DION.ZORKO
Christmas Cooking
"Dion made selling my property seem like a walk in the park. He was professional honest, & always available. His calm & friendly approach gave me confidence throughout the process. Dion demonstrated his thorough understanding of the market and I couldn’t be happier with the outcome. Finding a trusted real estate agent to sell your family home can be a daunting prospect. I know now for all future property dealings I don’t have to look elsewhere. " - Seller in Palm Beach
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