Market Monitor July-September 2021
Voice of Property on the Sunshine Coast
Coastal Living Offices
Ray White Buderim
Ray White Kawana Waters
Ray White Maroochydore
07 5445 6088
07 5354 6012
07 5443 2000
raywhitebuderim.com.au
raywhitekawanawaters.com.au
raywhitemaroochydore.com.au
Unparalleled in our local marketplace
Welcome to the latest instalment of the Ray White Market Monitor, reporting on the July to September quarter of 2021. This document is your window to the industry, revealing detailed statistics we collect on everything from auctions through to property management. The quality, depth and timeliness of this data reporting is unparalleled in our local marketplace. Quite simply, nobody is doing this.
Ray White Mooloolaba
Ray White Nambour
Inside these pages you will find a rich array of our collective data and results along with a selection of our auction success stories from the quarter. We have highlighted our property management statistics, buyer inspection reports and finally, our involvement in the communities we call home.
Ray White Noosa River
Ray White Sippy Downs
07 5444 3455
07 5354 6000
07 5449 8800
07 5354 6002
raywhitemooloolaba.com.au
raywhitenambour.com.au
raywhitenoosariver.com.au
raywhitesippydowns.com.au
Auction Report AUGUST
J U LY
98%
SEP
TEMBER
100%
91%
SUCCESS
SUCCESS
SUCCESS
Auctions
55
Auctions
31
Auctions
Sold
53
Sold
30
Sold
100 90
Withdrawn
1
Withdrawn
1
Withdrawn
1
Success (%)
98%
Success (%)
100%
Success (%)
91%
Clearance
71%
Clearance
Clearance
89%
Days on Market
28
Days on Market
71% 26
Days on Market
26
Registered Bidders
222
Registered Bidders
148
Registered Bidders
439
Pre Auction Offers
87
Pre Auction Offers
60
Pre Auction Offers
118
% Lift on Reserve
1.30%
% Lift on Reserve
0.04%
% Lift on Reserve
2.22%
% Lift from Highest Pre Auction Offer to Sale
5.29%
% Lift from Highest Pre Auction Offer to Sale
7.60%
% Lift from Highest Pre Auction Offer to Sale
2.07%
QUARTER COMBINED | Jul-Sept
PREVIOUS QUARTER COMBINED AS AT 30 September
95%
99%
SUCCESS
SUCCESS
• A remarkable Spring selling season that was highlighted by some 809 registered bidders competing on the 186 auctions over the 90 days • With 4.3 bidders per auction, buyer competition ensured that on average sellers realised an eventual sales price of 4.99% better on Auction day
Auctions
186
Auctions
139
Sold
173
Sold
135
Withdrawn
3
Withdrawn
3
Success (%)
95%
Success (%)
99%
Clearance
77%
Clearance
80%
Days on Market
27
Days on Market
WHAT THESE FIGURES SHOW
23
Registered Bidders
809
Registered Bidders
516
Pre Auction Offers
265
Pre Auction Offers
184
% Lift on Reserve
1.19%
% Lift on Reserve
0.39%
% Lift from Highest Pre Auction Offer to Sale
4.99%
% Lift from Highest Pre Auction Offer to Sale
6.08%
• Our Coastal Living Auction Event recorded 70 auctions being held on one day, resulting in $60 million in sales • These figures represent an incredible market where sellers are obtaining market high prices
Where do our Buyers Come From? JULY Sunshine Coast 46.2% Brisbane 20% Regional Qld 3.1% North Qld 1.5% NSW 10.8%
AUGUST Sunshine Coast 56.5% Brisbane 14.5% ACT 1.4% North Qld 5.8%
VIC 15.4%
NSW 11.6%
SA 1.5%
VIC 10.1%
International 1.5%
SEPTEMBER Sunshine Coast 53.3% NSW 17.8% Brisbane 8.9% VIC 5.6% North Qld 4.4% Gold Coast 2.2% ACT 2.2% WA 2.2% SA 1.1% Regional Qld 1.1% NT 1.1%
Our local market is experiencing significant demand from those outside the area with 46.7% of all properties being sold to those from outside the Sunshine Coast. Interstate migration is making up the greatest portion of out of town buyers totalling close to 30% of all purchasers.
The Auction Event
2021
The largest real estate day the Sunshine Coast has ever seen - The Auction Event on Sunday 19 September in front of a packed and lively house at Mercedes-Benz Sunshine Coast.
327
70
registered bidders
properties for auction
50 SOLD
70%
properties on the day
clearance rate
MILLION
$44
↑ $1.86
in sales
above reserve
MILLION
3,000 buyer inspections
the auction event 2021 results Session One
SOLD
2/137 Mooloolaba Esplanade Mooloolaba Taylor Sierp 0402 318 443
as at 11 October 2021 3 2 1 Ray White Mooloolaba
SOLD
4 Serenity Circuit Maroochydore Sarah-Louise Anderson 0418 200 471
4 2 2 Ray White Maroochydore
SOLD
1/6-8 Alexandra Parade Cotton Tree Sarah-Louise Anderson 0418 200 471
SOLD
2 2 11 Peacock Crescent Bokarina 3 Adam Budd 0411 808 595 Ray White Kawana
SOLD
148 Glenview Road Glenview Matt O’Grady 0414 371 375 Kirstin Cowie 0422 896 543
2 4 4 Ray White Nambour
SOLD
2 2 16 Glenalpin Court Buderim 4 Brodie Rodgers 0406 501 684 Aaron Sinclair 0427 739 225 Ray White Buderim
SOLD
620 Ilkley Road Ilkley Kathryn Willshire 0437 434 648
3 10 6 Ray White Buderim
SOLD
20 River Vista Court Maroochy River Jade Mooney 0488 247 880
3 2 5 Ray White Mooloolaba
SOLD
8/5-7 Tranquil Place Alexandra Headland Fiona Rawson 0401 186 261
SOLD
902/67 Sixth Avenue Maroochydore Reuben Park 0413 371 696
3 2 2 Ray White Maroochydore
SOLD
38 Lakeshore Avenue Buderim Rowan Woodbine 0497 076 418
SOLD
10 Quillback Court Mountain Creek Steven Allen 0416 110 918
2 2 4 Ray White Mooloolaba
SOLD
43 Yorlambu Parade Maroochydore Pam Thomas 0438 272 096
2 7 4 Ray White Maroochydore
SOLD
5/59-63 Golf Links Road Buderim Pam Thomas 0438 272 096
2 2 3 Ray White Maroochydore
SOLD
52 Cavalry Way Sippy Downs Jake Loiero 0448 000 933
2 2 4 Ray White Buderim
SOLD
8 Countryview Street Woombye Mandy Leahy 0425 709 442
4 2 2 Ray White Maroochydore
SOLD
21 Altitude Drive Burnside Peter Chant 0403 454 413
2 2 4 Ray White Nambour
SOLD
15/28 Dalton Drive Maroochydore Sarah-Louise Anderson 0418 200 471
2 1 3 Ray White Maroochydore
SOLD
5 Deejay Street Maroochydore Brent Higgins 0414 775 133
SOLD
2 1 60/16-20 Beach Road Maroochydore 2 Niall Molloy 0448 954 272 Ray White Maroochydore
UNDER CONTRACT
51/27 Sixth Avenue Maroochydore Reuben Park 0413 371 696
2 2 4 Ray White Kawana Waters
UNDER CONTRACT
6 Durham Crescent Buderim Jake Loiero 0448 000 933
UNDER CONTRACT
8 Buoy Court Birtinya Dan McNamara 0458 010 889
UNDER CONTRACT
8/17-19 Brisbane Road Mooloolaba Taylor Sierp 0402 318 443
582 Ilkley Road Ilkley Kathryn Willshire 0437 434 648
1 2 3 Ray White Mooloolaba
SOLD
16 Sherry Groom Court Buderim Jake Loiero 0448 000 933
3 1 2 Ray White Buderim
SOLD
12 Tailslide Crescent Bokarina Rowan Woodbine 0497 076 418
SOLD
49 Yew Court Buderim Ellen Lorenz 0427 257 329
2 2 4 Ray White Buderim
SOLD
6/26-28 Akeringa Place Mooloolaba Justin Wijaya 0479 135 990 James Goldsworthy 0400 635 141
SOLD
36 Settlers Ridge Buderim Dan Smith 0438 120 776 Drew Colliver 0417 467 737
3 2 4 Ray White Buderim
UNDER CONTRACT
SOLD
15/4 Buderim Avenue Alexandra Headland 1 1 1 Will Van den Dungen 0438 130 188 James Goldsworthy 0400 635 141 Ray White Kawana Waters
SOLD
319 Kiel Mountain Road Kiel Mountain Taylor Sierp 0402 318 443
25 Evans Grove Road Glenview Matt O’Grady 0414 371 375 Kirstin Cowie 0422 896 543
SOLD
55 Barcrest Drive Maroochy River Matt O’Grady 0414 371 375 Kirstin Cowie 0422 896 543
UNDER CONTRACT
4 2 4 Ray White Nambour
906/36-38 Duporth Avenue Maroochydore Jason Mills 0417 343 289
1 1 1 Ray White Maroochydore
2.5 3 4 Ray White Mooloolaba 4 2 2 Ray White Maroochydore 1 1 2 Ray White Mooloolaba
4 6 5 Ray White Buderim 3 2 2 Ray White Maroochydore 2 2 4 Ray White Buderim 4 2 2 Ray White Maroochydore 1 1 2 Ray White Mooloolaba 2 1 3 Ray White Maroochydore 3 6 8 Ray White Mooloolaba 2 2 4 Ray White Nambour
the auction event 2021 results Session Two
SOLD
42 Schirrmann Drive Maroochydore Mandy Leahy 0425 709 442
as at 11 October 2021
SOLD
6/69 Duporth Avenue Maroochydore Reuben Park 0413 371 696
2 1 1 Ray White Maroochydore
SOLD
139 Perwillowen Road Burnside Matt O’Grady 0414 371 375 Kirstin Cowie 0422 896 543
SOLD
228 Paradise Circuit Maroochydore Niall Molloy 0448 954 272
2 1 3 Ray White Maroochydore
SOLD
601/59-75 Mooloolaba Esplanade Mooloolaba Jason Mills 0417 343 289
SOLD
118/100 Bulcock Street Caloundra Jade Mooney 0488 247 880
2 2 3 Ray White Mooloolaba
SOLD
34/32 River Esplanade Mooloolaba Peter King 0408 798 346
SOLD
14 Wisteria Place Currimundi Sarah-Louise Anderson 0418 200 471
SOLD
47/32 River Esplanade Mooloolaba 1 1 1 James Goldsworthy 0400 635 141 Ryan Cramer 0450 607 926 Ray White Kawana Waters
SOLD
28-32 Bailey Street Nambour Steven Allen 0416 110 918
37 Washington Street Nambour Peter Chant 0403 454 413
SOLD
8 Yeramba Place Buderim Chevonne Rees 0473 810 820
UNDER CONTRACT
200-204 Towen Mount Road Towen Mountain Peter Chant 0403 454 413
2 2 3 Ray White Maroochydore
2 4 4 Ray White Nambour
SOLD
13 Bowerbird Place Mons Dan Smith 0438 120 776 Drew Colliver 0417 467 737
SOLD
2 2 53 Burnet Circuit Baringa 5 Niall Molloy 0448 954 272 Ray White Maroochydore
SOLD
SOLD
2 3 13 Janderra Street Buderim 4 Lew Pottinger 0419 788 547 Judy Wild 0419 798 095 Lara Kell 0432 637 619 Ray White Buderim
UNDER CONTRACT
403/1 High Street Sippy Downs Kylie Kis 0411 579 795
501/1-7 Duporth Avenue Maroochydore Reuben Park 0413 371 696
UNDER CONTRACT
84 Misty Rise Road Image Flat Peter Chant 0403 454 413
UNDER CONTRACT
SOLD
609/7 Venning Street Mooloolaba Justin Wijaya 0479 135 990 James Goldsworthy 0400 635 141
SOLD
4/28 Hinley Avenue Maroochydore Natalie Tink 0408 439 147 Mitch Sinclair 0439 206 626
UNDER CONTRACT
28/81 Birtinya Boulevard Birtinya Taylor Sierp 0402 318 443
2 2 4 Ray White Buderim
3 2 2 Ray White Maroochydore 1 1 1 Ray White Mooloolaba 2 1 2 Ray White Maroochydore 2 2 2 Ray White Mooloolaba
SOLD UNDER CONTRACT
SOLD
2 4 3 Ray White Nambour 2 1 2 Ray White Maroochydore 1 1 2 Ray White Mooloolaba Land Ray White Nambour 3 2 2 Ray White Mooloolaba 3 2 4 Ray White Buderim
10/8 Hinley Street Maroochydore Jason Mills 0417 343 289
5 4 4 Ray White Maroochydore
32 Plantation Rise Drive Woombye Kristy Cannon 0450 109 525
4 2 3 Ray White Maroochydore 2 1 2 Ray White Buderim 2 3 3 Ray White Nambour
1/123 Burnett Street Buderim 3 2 2 Will Van den Dungen 0438 130 188 James Goldsworthy 0400 635 141 Ray White Kawana Waters 14 Kentia Street Highworth Peter Chant 0403 454 413 35 Wild Honey Place Buderim Dan Smith 0438 120 776 Drew Colliver 0417 467 737
SOLD
7/3 Orient Court Buderim Dan Smith 0438 120 776 Drew Colliver 0417 467 737
2 2 3 Ray White Buderim
SOLD
9/18 Norman Avenue Maroochydore Reuben Park 0413 371 696 Alicia Bloom 0499 991 254
2 1 3 Ray White Maroochydore
WITHDRAWN
32/110 Sixth Avenue Maroochydore Pam Thomas 0438 272 096
SOLD
12/6 Mari Street Alexandra Headland Pam Thomas 0438 272 096
3 2 1 Ray White Maroochydore
SOLD
8 Bonita Court Peregian Springs Peter Chant 0403 454 413
SOLD
17 Tern Circuit Forest Glen Blake Dein 0458 669 051
3 2 5 Ray White Kawana Waters
4 2 2 Ray White Maroochydore
5/21 Pangarinda Place Mooloolaba Blake Dein 0458 669 051 James Goldsworthy 0400 635 141
2/91 Iluka Avenue Buddina Reuben Park 0413 371 696 Ryan Bradeley 0418 793 670
3 2 3 Ray White Nambour 2 1 2 Ray White Buderim 1 1 2 Ray White Kawana Waters 1 1 2 Ray White Maroochydore 2 4 4 Ray White Nambour 1 1 2 Ray White Maroochydore
Buyer Inspections JULY
AUGUST
SEPTEMBER
2,894
2,539 total inspections
3,167
total inspections
491
number of open homes
350
number of open homes
506
803
901
598
total inspections
number of open homes
exclusive agency inspections
exclusive agency inspections
exclusive agency inspections
1,952
1,720
2,324
buyer inspections at auctions
buyer inspections at auctions
buyer inspections at auctions
Buyer Inspections Total QUARTER COMBINED | Jul-Sept 2021
8,600 total inspections
1,347 number of open homes
2,302
exclusive agency inspections
5,996
buyer inspections at auctions
• Buyer inspections over the last 90 days are up by around 26% based on the previous quarter results • Auction campaigns are attracting on average 32 inspections; while priced properties are attracting just 11.5; therefore auctions and their associated marketing campaigns are generating 3x the number of inspections
Exclusive Agency Sales Report J U LY
AUGUST
55
61
TO
TO
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
249 55 22% 37
SEP
53 TO
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
TEMBER
266 61 23% 28
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
226 53 23% 33
QUARTER COMBINED (average) Jul-Sept
QUARTER COMBINED (average) PREVIOUS QUARTER
169
167
TO
TO
TA L S O L D
• The 90 day success rate of sale at 68% shows we are clearly in a market favouring the seller
TA L S O L D
Number on Market
247
Number on Market
260
Total Sold
169
Total Sold
167
90 Day Success (%)
68%
90 Day Success (%)
64%
Average Days on Market
33
Average Days on Market
33
• As a result of strong demand and lack of supply, the timeline it takes to sell a home is now down to 33 days on average, in normal markets this could extend out from 90 to 120 days quite easily
Property Management JULY
AUGUST
SEPTEMBER
104
70
86
properties leased
properties leased
properties leased
9
10
10
average days on market
average days on market
average days on market
100%
99%
99%
occupancy rate
occupancy rate
occupancy rate
Introducing... Ray White Buderim 07 5445 6088 buderim.qld@raywhite.com Ray White Kawana Waters 07 5354 6012 kawana.qld@raywhite.com
Real time residential market insights, updated monthly • Market resilience • Selling in the current environment
Ray White Maroochydore 07 5443 2000 maroochydore.qld@raywhite.com
• Why are sales so strong now?
Ray White Mooloolaba 07 5444 3455 mooloolaba.qld@raywhite.com
• Why is there so much buyer confidence now?
• Why should I list now?
• How has COVID-19 reshaped the selling process?
Ray White Nambour 07 5354 6000 nambour.qld@raywhite.com Ray White Noosa River 07 5449 8800 noosariver.qld@raywhite.com Ray White Sippy Downs 07 5354 6002 sippydowns.qld@raywhite.com
For a printed or digital copy, please contact one of our offices.
© 2021
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior written permission of the publisher.