MARKET UPDATE Welcome to the May/June Market Report for Sunrise Beach. While I sell properties all over Noosa, this report provides a comprehensive overview of this key beachside suburb. I hope this report provides you with greater confidence and control in achieving research, investment and selling goals. Presently the popular price range is anything up to $600,000 - it’s a hot market and we’re starting to see some excellent prices being achieved. In fact, I have four properties in Sunrise Beach under contract waiting to settle. People are moving. But not out of Sunrise, they love living in this area! They’re moving/downsizing and looking for single level homes, so if you have something that sounds like this, give me a call. I have other buyers waiting right now. For more information and my current musings, visit www.denicastle.com for more information and current listings.
Deni Castle 0419 627 767 To subscribe to my property reports please email me at denicastlenoosa@gmail.com
The information contained in this report is based on information supplied by a third party. Although care is taken to ensure the accuracy of the information at the time of publication, no responsibility is accepted by Robert James Realty.
SUNRISE BEACH INFORMATION Sunrise Beach is about 2sq km, with a population of about 3,456 (ABS 2011 statistics). Households are primarily couples with children and mortgage repayments are likely to be between $1800 - $2400 a month. Latest figures show 61.4% of homes are owner-occupied. The April 2014 median home price was $695,000.
HOUSEHOLD STRUCTURE
SUNRISE BEACH STATISTICS
(January 1– May 30, 2014)
Highest Sale Price: Lowest Sale Price: Average Sale Price: Median Sale Price: Total Sales Volume:
$1,592,500 $330,000 $749,395 $561,250 31
* Details for seven of the 31 properties were undisclosed at the time of publication
RECENT MEDIAN HOUSE SALES PRICES
SUNRISE BEACH HOUSE SALES SNAP SHOT Street Ben Lexcen Drive Captains Court Captains Court Columbia Drive Columbus Court Comet Drive Compass Place Dame Patti Drive Hardy Street Hardy Street Hardy Street Hardy Street Hardy Street Kevlar Court Netherby Rise Netherby Rise Netherby Rise Newfield Street Newfield Street Orcades Street Orcades Street Orealla Crescent Orealla Crescent Orealla Crescent Orient Drive Rainbow Crescent Reliance Place
Price Not Disclosed $1,325,000 $1,410,000 $426,000 $617,500 $530,000 $1,592,500 Not Disclosed $330,000 Not Disclosed $522,000 $450,000 Not Discloed Not Disclosed $500,000 $550,000 $995,000 $572,500 Not Disclosed $385,000 $470,000 $790,000 $1,100,000 Not Disclosed $810,000 $540,000 $480,000
Sold Date 27/05/2014 24/02/2014 20/01/2014 20/02/2014 8/02/2014 11/03/2014 4/03/2014 17/02/2014 21/01/2014 22/05/2014 17/01/2014 31/05/2014 18/01/2014 23/05/2014 9/01/2014 10/05/2014 23/01/2014 23/02/2014 1/04/2014 16/01/2014 8/01/2014 3/03/2014 27/01/2014 19/05/2014 19/05/2014 8/02/2014 5/02/2014
Sqm 661 734 910 642 640 600 1050 643 942 742 678 807 610 721 607 607 607 627 725 656 663 635 625 668 668 655 761
SUNRISE BEACH HOUSE SALES SNAP SHOT Street Southern Cross Parade Stardust Court Voyagers Place Woodlark Rise
Price $695,000 $515,000 $1,050,000 $1,330,000
Sold Date 24/03/2014 17/03/2014 29/01/2014 18/01/2014
Sqm 600 716 867 637
QUEENSLAND AUCTION OVERVIEW April 2014
Total Number of Auctions Clearance (on or before): Average Bidders per Auction: Actual Bidding Percentage: Average Crowd Size (per property): Inspections per Auction:
134 54.48% 1.77 62.45% 22.21 20.99
Source: Jason Andrew Auctioneers
April 2014. Source: Jason Andrew Auctioneers
ACCORDING TO JASON ANDREW AUCTIONEERS’ APRIL DATA: Investors were responsible for 16.42 per cent of the scheduled auctions, closely followed by people who have bought elsewhere making up 14.93 per cent of vendors.