Market Monitor January-March 2022
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 January to March quarter of 2022. 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.
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07 5444 3455
07 5354 6000
07 5449 8800
07 5354 6002
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Auction Report JANUARY
FEB
100%
RUARY
MARCH
95%
83%
SUCCESS
SUCCESS
SUCCESS
Auctions
32
Auctions
61
Auctions
58
Sold
30
Sold
58
Sold
48
Withdrawn Success % Clearance %
2 100% 56%
Withdrawn
0
Withdrawn
0
Success %
95%
Success %
83%
Clearance %
64%
Clearance %
62%
Days on Market
27
Days on Market
Registered Bidders
75
Registered Bidders
189
Registered Bidders
156
Registered Bidders per auction (average)
3.10
Registered Bidders per auction (average)
2.69
Registered Bidders per auction (average) Pre Auction Offers
2.34 31
Pre Auction Offers
28
72
% Discount from Reserve
-0.63%
% Discount from Reserve
-0.49%
% Lift from Highest Pre-Auction Offer to Sale
4.72%
% Lift from Highest Pre-Auction Offer to Sale
4.48%
Days on Market
Pre Auction Offers
27
63
Lift from Reserve
1.47%
% Lift from Highest Pre-Auction Offer to Sale
3.73%
QUARTER COMBINED | Jan-Mar
PREVIOUS QUARTER COMBINED AS AT 31 March
91%
SUCCESS
Auctions
151
Auctions
163
Sold
136
Sold
155
2
Withdrawn
3
Success %
91%
Success %
97%
Clearance %
61%
Clearance %
74%
Days on Market
•
Although clearance and success rates remain strong; we have seen buyer demand easing over the last 90 days with average bidder numbers now sitting at 2.78 as compared to 3.7 in the previous quarter.
•
With bidder numbers softening; we have also seen a slight reduction in the clearance rate now down to 61% from a high of 74% in the previous quarter
97%
SUCCESS
Withdrawn
WHAT THESE FIGURES SHOW
27
Days on Market
27
Registered Bidders
420
Registered Bidders
605
Registered Bidders per auction (average)
2.78
Registered Bidders per auction (average)
3.71
Pre Auction Offers
166
Pre Auction Offers
234
Lift from Reserve
0.12%
Lift from Reserve
2.36%
% Lift from Highest Pre-Auction Offer to Sale
4.31%
% Lift from Highest Pre-Auction Offer to Sale
5.16%
Where do our Buyers Come From? JANUARY
FEBRUARY
MARCH
Sunshine Coast 60%
Sunshine Coast 55%
Sunshine Coast 65.6%
Brisbane 17.5%
Brisbane 20%
VIC 13.1%
Regional QLD 2.5%
VIC 5%
VIC 10%
NSW 8.3%
NSW 5%
ACT 1.7%
North QLD 5%
North QLD 1.7%
NSW 9.8% ACT 1.6% North QLD 1.6%
Regional QLD 6.7%
Regional QLD 1.6%
Gold Coast 1.7%
Brisbane 6.6%
Aligned with the reduction in bidder numbers, we have also seen a reduction in interstate purchasers with up to 65% of all buyers now originating from the Sunshine Coast region.
January Auction Results as at March 31 UNDER CONTRACT
14 Honeyeater Close
Buderim
UNDER CONTRACT
65 Lady Musgrave Drive
Mountain Creek
SOLD
47 Orme Road
Buderim
$2,150,000
SOLD
5 Grenfell Court
Kuluin
SOLD
703/65 Sixth Avenue
SOLD SOLD
176 Ilkley Road
Ilkley
217/26 Saint Vincents Court
Minyama
WITHDRAWN
4 Booral Street
Buderim
$912,000
SOLD
22 Orme Road
Buderim
$2,200,000
Maroochydore
$1,850,000
SOLD
1/307 Bradman Avenue
Maroochydore
$618,000
4/107 Bradman Avenue
Maroochydore
$631,000
SOLD
6 Lentara Crescent
Mooloolaba
$1,360,000
6 Cornwall Court
Buderim
$1,220,000
SOLD
8/11 Pacific Terrace
Alexandra Headland
$535,000
UNDER CONTRACT
47A Orme Road
Buderim
SOLD
206 Ilkley Road
Ilkley
$1,530,000
SOLD
384 Ilkley Road
Ilkley
$1,610,000
SOLD
11b Sylvan Street
Buderim
$1,650,000
SOLD
55 Albany Street
Sippy Downs
$884,000
SOLD
20 Bell Road
Buderim
$1,280,000
SOLD
5/6 Hinkler Parade
Maroochydore
$680,000
UNDER CONTRACT
Lot 3 Weemala Crescent
Buderim
SOLD
9 Alkira Street
Maroochydore
$1,685,000
SOLD
148 Old Gympie Road
Mooloolah Valley
SOLD
15 Adaluma Avenue
Buddina
$7,000,000
UNDER CONTRACT
30 Waterloo Court
Tanawha
12/91-97 Duporth Avenue
Maroochydore
SOLD
17 Elizamay Close
Buderim
$990,000
SOLD
11 Barrier Close
Buderim
$1,000,000
SOLD
4/89 Bundilla Boulevard
Mountain Creek
$600,000
SOLD
66 Straker Drive
Cooroy
$1,000,500
SOLD
11 Perlan Street
Nambour
$630,000
UNDER CONTRACT
WITHDRAWN
SOLD
$412,000
$1,100,000
February Auction Results as at March 31 SOLD
13 Lurnea Crescent
Mountain Creek
$995,000
FO R SA L E
17 Holly Green Crescent
Palmwoods
SOLD
2/72 Tantula Road West
Alexandra Headland
$580,000
FO R SA L E
65 Buderim Avenue
Mooloolaba
SOLD
6/52-54 Alexandra Parade
Maroochydore
$1,017,000
SOLD
49/67 Regatta Boulevard
Birtinya
$500,000
SOLD
$775,000
SOLD
47/13 Mooloolaba Esplanade
Mooloolaba
$1,250,000
19 Cooinda Crescent
Maroochydore
UNDER CONTRACT
13 Jacaranda Drive
Mooloolaba
SOLD
52/99 Birtinya Boulevard
Birtinya
$480,000
UNDER CONTRACT
401/14 Aerodrome Road
Maroochydore
SOLD
49/17-19 Brisbane Road
Mooloolaba
$581,000
SOLD
47 Kookaburra Drive
Palmview
$1,765,000
SOLD
65 St Quentin Avenue
Maroochydore
$805,000
SOLD
1/12 Kate Street
Alexandra Headland
$670,000
SOLD
40/99 Birtinya Boulevard
Birtinya
$470,000
SOLD
21/2 Mary Street
Alexandra Headland
$540,000
SOLD
18 Jeune Drive
Buderim
$1,400,000
SOLD
35 Isambert Road
Glenview
$950,000
SOLD
39 Doonella Street
Tewantin
$1,310,000
SOLD
19 Tepequar Drive
Maroochydore
$960,000
SOLD
21/6 Aerodrome Road
Maroochydore
$975,000
418/180 Alexandra Parade
Alexandra Headland
SOLD
5/18 Camfield Street
Alexandra Headland
$682,000
SOLD
54/110 Sixth Avenue
Maroochydore
$635,000
5 Rooke Street
Dicky Beach
SOLD
26/47-51 Sixth Avenue
Maroochydore
$1,650,000
SOLD
54/174 Alexandra Pde
Alexandra Headland
$1,350,000
SOLD
5 Grant Street
Buderim
$880,000
SOLD
29 Hardwood Court
Buderim
$995,000
SOLD
10 Dulong Road
Dulong
$1,030,000
FO R SA L E
9 Waratah Close
Tewantin
SOLD
27 Tindale Avenue
Buderim
$1,900,000
SOLD
51 Lurnea Crescent
Mountain Creek
$1,800,000
SOLD
39 Woodlands Crescent
Buderim
$810,000
SOLD
10 Lewis Place
Woombye
$1,030,000
SOLD
8 Dandenong Street
Burnside
$685,000
SOLD
2 Illawong Street
Buderim
$1,050,000
174 Tanawha Road
Tanawha
SOLD
18/81 Birtinya Boulevard
Birtinya
$487,000
SOLD
1309/1a Mungar Street
Maroochydore
$567,500
SOLD
303/79-83 First Avenue
Mooloolaba
$711,000
SOLD
4/52-54 Alexandra Parade
Maroochydore
$834,000
SOLD
6/13-15 Douglas Street
Mooloolaba
$620,000
447 Ilkley Road
Ilkley
SOLD
12 Quandong Street
Meridan Plains
$623,000
SOLD
17 Samson Circuit
Caloundra West
$820,000
SOLD
63 Nyes Crescent
Buderim
$850,000
SOLD
10 Lingard Street
Palmwoods
$935,000
SOLD
8 Nardoo Court
Mooloolaba
$1,200,000
SOLD
14 Treetop Court
Mooloolah Valley
$950,000
SOLD
12 Werona Street
Buddina
$1,900,000
SOLD
10/18 Maroubra Street
Alexandra Headland
$545,000
SOLD
605/1 Bermagui Crescent
Buddina
$1,850,000
SOLD
4 Osmanthus Close
Mountain Creek
$805,000
SOLD
41 Bellevue Drive
Little Mountain
$852,000
SOLD
16/3 Orient Court
Buderim
$610,000
SOLD
9 Triumph Street
Birtinya
$870,000
SOLD
15 Kent Court
Buderim
$1,135,000
SOLD
2 Haddys Close
Mountain Creek
$1,025,000
SOLD
6 Solace Street
Birtinya
$870,000
UNDER CONTRACT
UNDER CONTRACT
UNDER CONTRACT
FO R SA L E
March Auction Results as at March 31 SOLD
3 Prime Parade
Birtinya
$900,000
SOLD
28 Lurnea Crescent
Mountain Creek
$888,000
SOLD
18/5-13 Parker Street
Maroochydore
$600,000
SOLD
6/8 Pioneer Crescent
Buderim
$1,905,000
4/30 Goonawarra Drive
Mooloolaba
SOLD
$505,000
FOR SALE
SOLD UNDER CONTRACT
SOLD UNDER CONTRACT
10 Nobles Road
Ilkley
5 Patrick King Drive
Burnside
605/5 Bermagui Crescent
Buddina
$670,000
$1,925,000
26/81 Birtinya Boulevard
Birtinya
UNDER CONTRACT
11 Outlook Drive
Tewantin
FO R SA L E
20 Mandara Drive
Wurtulla
SOLD
2/97 Pacific Boulevard
Buddina
UNDER CONTRACT
17 Maidenhair Drive
Beerwah
$1,000,000
1417/75 Resort Drive
Noosa Heads
FOR SALE
69/99 Birtinya Boulevard
Birtinya
SOLD
506/79 First Avenue
Mooloolaba
$500,000
UNDER CONTRACT
17/6-8 Aerodrome Road
Maroochydore
SOLD
43/10 Grand Parade
Kawana Island
$590,000
SOLD
13 Cycad Place
Flaxton
$1,290,000
UNDER CONTRACT
17 Kooralbyn Court
Nambour
SOLD
1/1 Barooga Crescent
Mooloolaba
$792,500
SOLD
1/14 Douglas Street
Mooloolaba
$610,000
SOLD
13 Affinity Place
Birtinya
$962,000
SOLD
51/45 Sixth Avenue
Maroochydore
$457,000
6 Ash Lane
Eudlo
60 Lowanna Drive
Buddina
17 Corella Drive
Parrearra
8/21 The Esplanade
Maroochydore
16 Sarina Place
Maroochydore
FOR SALE
4 Tulong Court
Buderim
FOR SALE
109 Eudlo Road
Mooloolah Valley
UNDER CONTRACT
FO R SA L E
SOLD
12/11-13 Barooga Crescent
Mooloolaba
$638,000
SOLD
19 Waterway Drive
Birtinya
$1,800,000
SOLD
SOLD
39 Sunset Drive
Noosa Heads
$1,575,000
FO R SA L E
SOLD
18/35 Brisbane Road
Mooloolaba
$490,000
SOLD
126 Paradise Circuit
Maroochydore
$745,000
SOLD
4/43 Edward Street
Alexandra Headland
$690,000
SOLD
7 Birdwood Street
Burnside
$703,000
3/10 Pangarinda Place
Mooloolaba
SOLD
26 Dawes Drive
Buderim
$910,000
1/39 Dalton Drive
Maroochydore
SOLD
21 Quambi Place
Buderim
$1,025,000
5505/5 Emporio Place
Maroochydore
SOLD
5 Seaview Terrace
Buderim
$1,120,000
SOLD
1/10 Boorook Street
Buddina
$2,700,000
SOLD
6 Jirrima Court
Buderim
$1,160,000
SOLD
37 Oogar Street
Maroochydore
$1,450,000
SOLD
5/6 Scanlan Court
Buderim
$341,000
SOLD
286 Ilkley Road
Ilkley
$1,040,000
UNDER CONTRACT
9 Durham Crescent
Buderim
SOLD
17/21 Lakeshore Avenue
Buderim
$465,000
FO R SA L E
194 Mooloolaba Road
Buderim
SOLD
371 Main Road
Kuluin
$750,000
SOLD
34 Bribie Pine Crescent
Buderim
$995,000
FOR SALE
2 Easter Street
Parrearra
SOLD
3 Mayfield Street
Buderim
$1,310,000
149 Winston Road
Palmwoods
SOLD
26 Buderim Pines Drive
Buderim
$910,000
FOR SALE
SOLD UNDER CONTRACT
UNDER CONTRACT
$650,000
UNDER CONTRACT
$840,000
Buyer Inspections JANUARY
FEBRUARY
MARCH
2,401
2,180
2,036
359
399
453
total inspections
total inspections
total inspections
number of open homes
number of open homes
number of open homes
493
461
547
exclusive agency inspections
exclusive agency inspections
exclusive agency inspections
1,909
1,744
1,484
buyer inspections at auctions
buyer inspections at auctions
buyer inspections at auctions
Buyer Inspections Total QUARTER COMBINED | Jan-Mar 2022
6,617
total inspections
•
The number of buyer inspections has remained very strong given much of this quarter was impacted with severe weather conditions, where over a number of weeks inspection periods could not be offered.
•
Auction campaigns are averaging around 4x the level of enquiry compared to properties advertised with a price (Auctions 34 v Priced Properties 8)
1,211 number of open homes
1,501
exclusive agency inspections
5,137
buyer inspections at auctions
Exclusive Agency Sales Report JANUARY
FEB
29 TO
Total Sold 30 Day Success (%) Average Days on Market
MARCH
33 TO
TA L S O L D
Number on Market
RUARY
169 29 17% 24
51 TO
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
190 33 17% 23
TA L S O L D
Number on Market Total Sold 30 Day Success (%) Average Days on Market
193 51 26% 24
QUARTER COMBINED (average) Jan-Mar
QUARTER COMBINED (average) PREVIOUS QUARTER
113
136
TO
TO
TA L S O L D
184
Number on Market
185
Total Sold
113
Total Sold
136
90 Day Success (%)
61%
90 Day Success (%)
73%
24
Our Network sold over 136 Properties via Auction and 113 properties via Exclusive Agency over the last 90 days. A combined 249 Sales over 90 days proves that our market remains strong and resilient.
•
Current stock levels have remained consistent over the last two reporting periods which suggests that the current market conditions will continue for the next foreseeable period.
TA L S O L D
Number on Market
Average Days on Market
•
Average Days on Market
23
Property Management JANUARY
FEBRUARY
MARCH
72
86
81
properties leased
properties leased
properties leased
11
10
14
average days on market
average days on market
average days on market
99%
100%
99%
occupancy rate
occupancy rate
occupancy rate
What’s in a name?
Some street names command higher prices than others Some street names just sound expensive. If you are living on Grandview, you would assume, rightly as it turns out, that your home is more expensive than if you were living on Main Road. Like a game of Monopoly, it turns out that some street names command a higher price than others. This week we take a look at the street names that have resulted in the highest median over the past twelve months, and those that are lowest.
Australia’s most expensive and cheapest street names Median price by street name, 12 months to December 2021 Street Name
Median
Most Expensive THE ESPLANADE
$1,160,000
GRANDVIEW
$976,000
THE AVENUE
Adding the word “the” to a street name seems to be one sure way to raise the median price. Looking at the top 10 most expensive street names, The Esplanade and The Avenue both make the list. The promise of a view is also a way to get prices up – Grandview and Seaview provide on average around a 60 percent premium to Australia’s median house price. Australia’s love of the beach comes up in Beach and Ocean making the top list. Conversely, while a nearby train line or a major road network is convenient, living on Railway Road pushes down the median. Similarly, Main Road is also on the most affordable list.
$936,000
Royalty can go either way. Living on Royal Avenue commands a premium but King Road or Queen Street pushes it down. It perhaps shows that even by using a royal word as a street name doesn’t necessarily guarantee a push up in pricing
PROSPECT
$900,000
SEAVIEW
$890,000
BEACH
$889,444
BRIGHTON
$880,000
Finally, women’s names show a distinct difference between more flowery names compared to those that are more practical. Florence Street gives a premium to the Australian median of 40 percent, while Alice Street is 30 percent below.
SHORT
$410,000
MAIN
$415,000
RAILWAY
$410,000
ALICE
$425,000
WALKER
$430,000
CLARKE
$430,000
QUEEN
$435,000
KING
$437,500
WEST
$438,000
FORREST
$444,500
FLORENCE
$860,000
ROYAL
$855,000
OCEAN
$850,000
Least Expensive
Includes those street names where there were more than 300 sales in 2021 Source: Ray White
© 2022
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