Market Monitor October-December 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 October to December 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 OCTOBER
NO
91%
VEMBER
DEC
EMBER
95%
86%
SUCCESS
SUCCESS
SUCCESS
Auctions
53
Auctions
61
Auctions
49
Sold
48
Sold
58
Sold
42
Withdrawn
0
Withdrawn
0
Withdrawn
0
Success (%)
91%
Success (%)
95%
Success (%)
86%
Clearance
68%
Clearance
79%
Clearance
76%
Days on Market
29
Days on Market
24
Days on Market
28
Registered Bidders
249
Registered Bidders
226
Registered Bidders
130
Pre Auction Offers
96
Pre Auction Offers
91
Pre Auction Offers
47
% Lift on Reserve
2.10%
% Lift on Reserve
1.60%
% Lift on Reserve
4.83%
% Lift from Highest Pre Auction Offer to Sale
7.98%
% Lift from Highest Pre Auction Offer to Sale
4.72%
% Lift from Highest Pre Auction Offer to Sale
2.95%
QUARTER COMBINED | Oct-Dec
PREVIOUS QUARTER COMBINED AS AT 30 December
WHAT THESE FIGURES SHOW
•
91%
99%
SUCCESS
SUCCESS
• With an average of 3.7 bidders per auction, competition ensured buyers paid over 5% more on Auction day (approx $37,000 based on average sale price).
Auctions
163
Auctions
186
Sold
148
Sold
179
Withdrawn
0
Withdrawn
6
Success (%)
91%
Success (%)
99%
Clearance
74%
Clearance
77%
Days on Market
27
Days on Market
Market conditions remain incredibly strong throughout the reporting period, resulting in a 91% Auction success rate.
27
Registered Bidders
605
Registered Bidders
809
Pre Auction Offers
234
Pre Auction Offers
265
% Lift on Reserve
2.84%
% Lift on Reserve
1.25%
% Lift from Highest Pre Auction Offer to Sale
5.22%
% Lift from Highest Pre Auction Offer to Sale
4.99%
• We expect market conditions to remain favourable for our sellers due to increased buyer depth and that over 442 bidders missed out on buying in the quarter.
Where do our Buyers Come From? OCTOBER
NOVEMBER
DECEMBER
Sunshine Coast 42.6%
Sunshine Coast 52%
Sunshine Coast 54.8%
Brisbane 26.2%
Brisbane 21.3%
Brisbane 12.9%
NSW 16.4%
NSW 8%
NSW 12.9%
VIC 8.2%
VIC 10.7%
VIC 4.8%
ACT 3.3%
TAS 2.7%
SA 1.6%
TAS 1.6%
Regional QLD 2.7%
TAS 1.6%
Regional QLD 1.6%
North QLD 1.3%
Regional QLD 4.8%
WA 1.3%
North QLD 4.8% International 1.6%
We are seeing a resurgence in local Sunshine Coast buyers securing property throughout the reporting period, rising from 42.6% through to 54.8%.
October Auction Results as at December 31 SOLD
9 Kookaburra Crescent
Bokarina
$1,100,000
SOLD
9/23 Marjorie Street
Mooloolaba
$564,000
SOLD
11 Richmond Place
Minyama
$1,255,000
SOLD
14 Pottery Street
Pomona
$930,000
12-14 Gympie Street
Tewantin
SOLD
13 Picca Place
Palmwoods
$815,000
SOLD
7 Observation Way
Nambour
$655,000
SOLD
23 Mill Road
Buderim
$1,070,000
SOLD
26 Dune Vista Way
Bokarina
$1,450,000
SOLD
12 Bernheid Crescent
Sippy Downs
$850,000
SOLD
10/26 Buderim Avenue
Alexandra Headland
$765,000
SOLD
18 Honeyeater Place
Bli Bli
$880,000
SOLD
4/33-35 Broadwater Avenue
Maroochydore
$670,000
SOLD
2 Meribel Lane
Mons
$1,340,000
SOLD
26 Kiel Mountain Road
Woombye
$822,500
WITHDRAWN
16 Entrance Island
Bokarina
SOLD
1/71 Bradman Avenue
Maroochydore
$720,000
SOLD
8/91-97 Duporth Avenue
Maroochydore
$610,000
SOLD
61 Gallaghers Road
Tanawha
$850,000
SOLD
6 Whitsunday Street
Parrearra
$852,500
SOLD
46A Country Road
Palmwoods
$1,875,000
SOLD
10/12 Meta Street
Mooloolaba
$1,315,000
SOLD
10 Tyson Court
Buderim
$1,090,000
SOLD
5 Cobb & Co Lane
Palmwoods
$715,000
SOLD
113 Moorindil Street
Tewatin
$980,000
SOLD
1/3 Yallanga Place
Mooloolaba
$470,000
SOLD
18 Tulong Court
Buderim
$1,186,000
SOLD
3/3 Yallanga Place
Mooloolaba
$460,000
SOLD
8 Greenway Place
Mountain Creek
$885,000
SOLD
47 Jones Road
Buderim
$650,000
SOLD
1401/1 Mungar Strert
Maroochydore
$600,000
SOLD
19 Ramsay Crescent
Golden Beach
$965,000
SOLD
21 Eliza Way
Maroochydore
$915,000
SOLD
34 Morinda Circuit
Noosaville
$1,100,000
SOLD
22 St Quentin Avenue
Maroochydore
$930,000
SOLD
18/96 Beerburrum Street
Battery Hill
$410,000
SOLD
2 Firetail Court
Tanawha
$2,160,000
SOLD
112 Chelsea Crescent
Minyama
$1,960,000
SOLD
31 Starkey Street
Palmwoods
$740,000
SOLD
48A Tulip Lane
Buderim
$956,700
W I T H D R AW N
258 Dulong Road
Dulong
SOLD
2/2 Buna Street
Maroochydore
$1,200,000
SOLD
506/29-37 First Avenue
Mooloolaba
$829,000
SOLD
6 Woodlot Court
Buderim
$1,120,000
SOLD
21 Fitzwilliam Drive
Sippy Downs
$1,150,000
FO R SA L E
27 Fielding Street
Buderim
1-7 Settlers Ridge
Buderim
SOLD
6/27 Amaroo Drive
Buderim
$1,400,000
SOLD
16/45 Bradman Avenue
Maroochydore
$545,000
SOLD
56 Gilbert Street
Buderim
$1,080,000
SOLD
29 Coppabella Crescent
Mooloolaba
$1,160,000
SOLD
29-35 Jorl Court
Buderim
$1,700,000
SOLD
62/1 Hibbertia Street
Mountain Creek
$615,000
W I T H D R AW N
FOR SALE
November Auction Results as at December 31 SOLD
40 Brentwood Avenue
Mooloolaba
$2,100,000
SOLD
136 University Way
Sippy Downs
$935,000
SOLD
2/16 Dulin Street
Maroochydore
$747,000
SOLD
32/174 Alexandra Parade
Alexandra Headland
$780,000
SOLD
14/58-60 Sixth Avenue
Maroochydore
$790,000
SOLD
12 Easter Street
Parrearra
$1,395,000
SOLD
143 Perwillowen Road
Burnside
$1,000,000
SOLD
8 Camfield Street
Alexandra Headland
$1,775,000
SOLD
3/17 Amaroo Drive
Buderim
$1,000,000
SOLD
9/5 Affinity Place
Birtinya
$499,500
SOLD
2 Miljee Court
Buderim
$1,025,000
SOLD
44/67 Regatta Boulevard
Birtinya
$492,500
FOR SALE
20 Amaroo Place
Cooroibah
SOLD
13/99 Birtinya Boulevard
Birtinya
$443,000
SOLD
16 Camden Way
Maroochydore
$955,000
SOLD
230/21 Innovation Parkway
Birtinya
$605,000
SOLD
7/2-10 Neerim Drive
Mooloolaba
$580,000
SOLD
94/57 Grand Parade
Kawana Island
$580,000
SOLD
8 Firestone Court
Buderim
$850,000
SOLD
28/143 Mooloolaba Esplanade
Mooloolaba
$1,042,000
SOLD
46/1 Regatta Boulevard
Wurtulla
$686,000
SOLD
8115/11 Mooloolaba Esplanade
Mooloolaba
$400,000
9 Tingara Court
Tewantin
SOLD
3704/7 Emporio Place
Maroochydore
$612,500
SOLD
15 Huntingdale Drive
Nambour
$550,000
SOLD
120 Sunshine Cove Way
Maroochydore
$770,000
SOLD
9 Swiftlet Place
Forest Glen
$860,000
SOLD
8/51-55 Buderim Avenue
Mooloolaba
$663,000
SOLD
5/36 Burnett Street
Mooloolaba
$890,000
SOLD
2 Griffith Lane
Buderim
$1,920,000
SOLD
405/7 Venning Street
Moolooaba
$460,000
SOLD
8/5 Hinkler Parade
Maroochydore
$782,000
SOLD
3 Tivoli Crescent
Minyama
$970,000
SOLD
9 Karloo Crescent
Mountain creek
$1,750,000
SOLD
71 Palm Drive
Mooloolaba
$1,000,500
SOLD
9 Cedarleigh Drive
Tewantin
$965,000
SOLD
47 Emperor Avenue
Maroochydore
$777,000
SOLD
103/13-15 The Esplanade Cotton Tree
Maroochydore
$2,160,000
SOLD
2/17 Tolman Court
Maroochydore
$316,000
SOLD
19 Pummelo Circuit
Palmwoods
$705,000
2/5 Maroochy Waters Drive
Maroochydore
SOLD
9/8 Memorial Avenue
Cotton Tree
$830,000
SOLD
8 Quillback Court
Mountain Creek
$960,000
SOLD
15/3 Highgate Place
Maroochydore
$475,000
SOLD
21 Glenys Street
Burnside
$631,000
SOLD
16 Glenys Street
Burnside
$650,000
SOLD
55 Broadsea Avenue
Maroochydore
$970,000
SOLD
9 Tweedia Close
Nambour
$687,000
SOLD
2/6 Butcherbird Crescent
Bli Bli
$655,000
SOLD
12 Fairmeadow Road
Nambour
$420,000
SOLD
213 Nicklin Way
Warana
$860,000
SOLD
16 Broadwater Avenue
Maroochydore
$1,300,000
SOLD
139 Vise Road
Mons
$1,350,000
SOLD
202/3 Meta Street
Mooloolaba
$850,000
SOLD
4 Willis Road
Bli Bli
$924,500
SOLD
89 Tepquar Drive
Maroochydore
$860,000
SOLD
4 Offshore Street
Bokarina Beach
$1,400,000
SOLD
30 Sullivans Road
Eudlo
$1,877,000
SOLD
8 Wian Street
Buderim
$1,085,000
SOLD
2 Lee Street
Buderim
$827,500
SOLD
1 & 2/3 Minya Street
Buddina
$1,365,000
FOR SALE
FOR SALE
December Auction Results as at December 31 UNDER CONTRACT
4/273 Bradman Avenue
Maroochydore
SOLD
FOR SALE
2/11 Almaden Lane
Maroochydore
FO R SA L E
SOLD
8 Dungannon Court
Buderim
FOR SALE
23 Oloway Crescent
Alexandra Headland
$987,000
63A Chevallum Road
Palmwoods
$910,000
152 Mons School Road
Buderim
SOLD
13/26 Picnic Point Esplanade
Maroochydore
$865,000
SOLD
6 Whiteash Place
Currimundi
$1,020,000
29 Sorbonne Close
Sippy Downs
SOLD
21 Purli Road
Kureelpa
$2,180,000
UNDER CONTRACT
SOLD
802/34 Picnic Point Esplanade
Maroochydore
$1,755,000
SOLD
9 Coolah Place
Cooroibah
$1,270,000
26 Summer Drive
Maroochydore
SOLD
55/32 River Esplanade
Mooloolaba
$385,000
SOLD
86 Cogill Road
Buderim
$1,200,000
SOLD
8 Lapwing Street
Forest Glen
$710,000
SOLD
29 Jacaranda Drive
Mooloolaba
$1,326,000
SOLD
7/4 Ballinger Court
Buderim
$750,000
SOLD
42 Glenfinnan Court
Forest Glen
$1,910,000
SOLD
141 Outlook Drive
Tewantin
$900,000
SOLD
18 PepperTree Circuit
Maroochydore
$975,000
SOLD
3 Lamandra Lane
Sippy Downs
$1,045,000
SOLD
114 Nojoor Road
Mudjimba
$2,100,000
FO R SA L E
24/59 Golf Links Road
Buderim
SOLD
45 Affinity Place
Birtinya
$857,000
SOLD
4/12 Doolooma Street
Mountain Creek
$417,000
SOLD
23 Pretella Street
Wurtulla
$1,265,000
SOLD
27 Broadsea Avenue
Maroochydore
$1,225,000
SOLD
238 Oceanic Drive
Bokarina
$1,710,000
SOLD
6/27 Kingsford Smith Parade
Maroochydore
$845,000
SOLD
9/18-22 Picnic Point Esplanade
Maroochydore
$875,000
UNDER CONTRACT
9 Wren Crescent
Buderim
SOLD
49 Tepequar Drive
Maroochydore
$917,000
FO R SA L E
20 Tulong Court
Buderim
SOLD
73 Kerenjon Avenue
Buderim
$905,000
SOLD
21 Wyndlorn Avenue
Buderim
$832,500
SOLD
2 Forest Oak Court
Tanawha
$1,340,000
SOLD
33 Settlers Ridge
Buderim
$1,270,000
SOLD
39/2 Longwood Street
Minyama
$605,000
SOLD
4/4-6 Arwen Street
Maroochydore
$485,000
SOLD
3/10 Edward Street
Maroochydore
$552,000
SOLD
26/67 Regatta Bvd
Birtinya
$580,000
SOLD
34 Pangali Court
Birtinya
$975,000
UNDER CONTRACT
10/81 Birtinya Boulevard
Birtinya
35 Ridge Road
Maroochydore
SOLD
1307/7 Venning Street
Mooloolaba
$1,108,500
SOLD
27 Ilaroo Crescent
Warana
$1,160,000
SOLD
23 Illuka Street
Buderim
$920,000
SOLD
11 Peacock Court
Coolum beach
$852,000
FOR SALE
FOR SALE
Buyer Inspections OCTOBER
NOVEMBER
DECEMBER
2,942
2,479
1,366
430
510
303
total inspections
total inspections
total inspections
number of open homes
number of open homes
number of open homes
577
491
290
exclusive agency inspections
exclusive agency inspections
exclusive agency inspections
2,365
1,988
1,076
buyer inspections at auctions
buyer inspections at auctions
buyer inspections at auctions
Buyer Inspections Total QUARTER COMBINED | Oct-Dec 2021
6,787
total inspections
1,243 number of open homes
1,358
exclusive agency inspections
5,429
buyer inspections at auctions
• With limited choice and the majority of sellers chosing the Auction method of sale, each campaign averaged over 30 inspections while each inspection period averaged 5.5 buyer groups.
Exclusive Agency Sales Report VEMBER
OCTOBER
NO
57
44
TO
TO
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
159 57 36% 26
DEC
35 TO
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
EMBER
234 44 19% 22
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
163 35 21% 20
QUARTER COMBINED (average) Oct-Dec
QUARTER COMBINED (average) PREVIOUS QUARTER
136
169
TO
TO
TA L S O L D
•
TA L S O L D
Number on Market
185
Number on Market
247
Total Sold
136
Total Sold
169
90 Day Success (%)
73%
90 Day Success (%)
68%
Average Days on Market
23
Average Days on Market
33
Available stock levels continue to fall with a reduction from 247 to 185 available listings remaining live at the end of the reporting period. This equates to a 25% reduction in listings.
• With the reduction of available property, we have also noticed the average time to sell a property fall from 33 to 23 in the same period.
Property Management OCTOBER
NOVEMBER
DECEMBER
76
98
94
properties leased
properties leased
properties leased
11
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
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© 2022
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