Ray White Coastal Living - Market Monitor - October-December 2022

Voice of Property on the Sunshine Coast

© 2023

Ray White Buderim 07 5445 6088 raywhitebuderim.com.au

Ray White Kawana Waters 07 5354 6012 raywhitekawanawaters.com.au

Unparalleled in our local marketplace

Welcome to the 41st Edition of the Ray White Market Monitor. Information not influence has been the driving force behind our ongoing commitment to presenting key factual information for those that seek it as collected by our Ray White offices. We are proud that today this document has reached its 10 year anniversary and has only done so because of the commitment of our people to collectively share the detailed and privileged information we keep.

This document is your window into the property industry, revealing detailed statistics that are commonly not offered to the public through the various media sources.

We collect every statistic imaginable from auctions through to property management. The quality, depth and timeliness of this data reporting is unparalleled in our market. Quite simply, nobody is doing this.

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 Maroochydore 07 5443 2000

raywhitemaroochydore.com.au

Ray White Mooloolaba 07 5444 3455

raywhitemooloolaba.com.au

Ray White Nambour 07 5354 6000 raywhitenambour.com.au

Auction Report

97%

Auctions 37 Sold 29 Withdrawn 7

Success % 97%

Clearance % 49% Days on Market 37

Registered Bidders 65

Registered Bidders per auction (average) 2.03

Pre Auction Offers 42

% Discount from Reserve -0.22%

% Lift from Highest Pre-Auction Offer to Sale 2.93%

92%

65%

Auctions 40 Sold 35 Withdrawn 2 Success % 92%

Clearance % 50% Days on Market 34

Registered Bidders 65

Registered Bidders per auction (average) 2.03

Pre Auction Offers 50

% Discount from Reserve -1.95%

% Lift from Highest Pre-Auction Offer to Sale 1.72%

Auctions 76 Sold 49 Withdrawn 1 Success % 65%

Clearance % 42% Days on Market 39

Registered Bidders 121

Registered Bidders per auction (average) 3.26

Pre Auction Offers 91

% Discount from Reserve -0.45%

% Lift from Highest Pre-Auction Offer to Sale 3.08%

QUARTER

COMBINED | Oct-Dec PREVIOUS QUARTER COMBINED   AS AT 31 December

93%

Auctions 153 Sold 113

Withdrawn 10

Success % 79%

Clearance % 47%

Days on Market 37

Registered Bidders 251

Registered Bidders per auction (average) 2.44

Pre Auction Offers 183

% Discount from Reserve -0.87%

% Lift from Highest Pre-Auction Offer to Sale 2.58%

Auctions 203 Sold 168 Withdrawn 22

Success % 93%

Clearance % 43%

Days on Market 37

Registered Bidders 394

Registered Bidders per auction (average) 2.12

Pre Auction Offers 140

% Discount from Reserve -1.96%

% Lift from Highest Pre-Auction Offer to Sale 3.43%

WHAT THESE FIGURES SHOW

• 2022 was on record one of the most remarkable years in Sunshine Coast property. Driven by the market forces of supply and demand, we saw prices continue to rise for the best part of the year. As interest rates rose and their impact on households were felt, we did see an easing of demand and softening in home prices from their previous market high positions.

• The auction reporting realistically shows an incredibly strong period of results with an average of 2.44 bidders per auction proving that competition remains critical in any successful sales outcome.

Where do our Buyers Come From?

OCTOBER

Sunshine Coast 69%

Brisbane 11.9% North QLD 2.4% NSW 4.8% VIC 9.5% SA 2.4%

NOVEMBER DECEMBER

Sunshine Coast 55.3%

Brisbane 21.1% North QLD 2.6% NSW 10.5% Gold Coast 2.6% VIC 2.6% ACT 2.6% Regional QLD 2.6%

Sunshine Coast 66.7% Brisbane 17.8% NSW 2.2% Gold Coast 2.2% VIC 4.4% Regional QLD 6.7%

The rise and rise of local buyers! It seems that local Sunshine Coast Buyers are the strongest performers over the last quarter. This is most likely a result of less interstate buyer interest from New South Wales or Victoria.

SOLD 44 Elkhorn Street Kuluin $750,000

SOLD 404/27-29 Cotton Tree Esplanade Maroochydore $1,537,000

SOLD 1105/14-20 Aerodrome Road Maroochydore $980,000

UNDER CONTRACT 7 Ribbonwood Street Sippy Downs

WITHDRAWN 32/1 Poinsettia Court Mooloolaba

SOLD 18 Petrie Creek Road Nambour $542,500

WITHDRAWN 7 Coorong Crescent Wurtulla

SOLD 17a Bartlett Street Nambour $535,000

SOLD 8 Claremont Street Buderim $811,500 SOLD 14 Garema Court Mountain Creek $1,200,000 SOLD 30/59 Buderim Pines Drive Buderim $685,000

WITHDRAWN 35 Ferguson Avenue Buderim

SOLD 15 Orlando Crescent Kuluin $879,000

SOLD 41 Yorlambu Parade Maroochydore $1,595,000

SOLD 18 Balemo Street Minyama $850,000

SOLD 8/16 Marjorie Street Mooloolaba $935,000

SOLD 9 Lacewing Drive Sippy Downs $890,000

SOLD 68 Plantation Rise Drive Woombye $880,000

SOLD 75/101 Birtinya Boulevard Birtinya $481,000

SOLD 27 Narambi Street Warana $975,000

SOLD 6 Red Jacket Court Palmwoods $870,000

SOLD 22/137 Mooloolaba Esplanade Mooloolaba $1,290,000

WITHDRAWN 11 Yaringa Avenue Buddina

SOLD 17 Bringenbrong Drive Buderim $925,000

SOLD 27 Tradewinds Avenue Coolum Beach $940,000

WITHDRAWN 7-13 Quiet Valley Crescent Buderim

SOLD 201/25 Baden Powell Street Maroochydore $627,000

SOLD 16 Reflection Court Nambour $700,000

SOLD 17 Coachwood Street Buderim $1,500,000

WITHDRAWN 42 Isambert Road Glenview

SOLD 1/4 Kalinda Avenue Mooloolaba $725,000

SOLD 72 Osbourne Circuit Maroochydore $1,120,000

SOLD 707/6 Wharf Street Maroochydore $1,920,000

SOLD 64/7 Grand Parade Parrearra $750,000

FOR SALE 40 Bendixen Lane Woombye

SOLD 267-277 Kureelpa Falls Road Kureelpa $1,200,000

WITHDRAWN 2/4 Pettigrew Street Mooloolaba

SOLD 16 Honeyeater Close Buderim $1,080,000

WITHDRAWN 3 Shady Lane Diamond Valley SOLD 29 Le Claire Place Buderim $1,025,000 SOLD 31/7 Figbird Court Buderim $565,000 SOLD 553 Ilkley Road Ilkley $766,000 SOLD 14 Tadorna Street Palmview $900,000

UNDER CONTRACT 46 Palmwoods Montville Road Palmwoods SOLD 1/35 Edward Street Alexandra Headland PRICE WITHHELD SOLD 623/10 Okinja Road Alexandra Headland $1,200,000 SOLD 46 Pindari Street Maroochydore $750,000 SOLD 20 Cooinda Crescent Maroochydore $755,000 SOLD 22 King Street Buderim $1,414,000 FOR SALE 23 Birdwing Forest Place Buderim SOLD 11 Vaughan Avenue Maroochydore $850,000 SOLD 54/2 Photinia Crescent Mountain Creek $630,000 SOLD 10/2 Photinia Crescent Mountain Creek $705,000 FOR SALE 251/8 Starling Street Buderim SOLD 17 Coastal Avenue Beerwah $540,000 SOLD 25/132-136 Duporth Avenue Maroochydore $1,050,000 FOR SALE 2 Bangalow Street Minyama

SOLD 9 Illaroo Crescent Warana Warana $1,050,000

SOLD 7 Harbour Parade Buddina $3,100,000

SOLD 3 Jalumba Street Maroochydore $885,000

SOLD 13/1 Raleigh Street Golden Beach $1,060,000

SOLD 7 Millstream Place Glenview $1,325,000

SOLD 12/10 Grand Parade Parrearra $555,000

SOLD 9 Lauren Drive Buderim $815,000

SOLD 5 Oceanview Street Mount Mellum $1,230,000

SOLD 5/33-35 Goonawarra Drive Mooloolaba $560,000

SOLD 6 Argus Street Palmview $728,000

SOLD 2/12 Burnett Street Mooloolaba $640,000

SOLD 14 Chelsea Rose Close Buderim $1,280,000

SOLD 19 Minti Street Maroochydore $820,000

SOLD 2/2 Braemar Road Buderim $650,000

UNDER CONTRACT 32 William Street Buderim

SOLD 40 Chesterton Crescent Sippy Downs $630,000

SOLD 12-6/8 Alexandra Parade Maroochydore $610,000

SOLD 11/17 King Street Buderim $472,000

SOLD 8 Lindeman Avenue Buderim $1,375,000

December Auction Results

as at December 31

SOLD 46 Prosperity Drive Birtinya $850,000

UNDER CONTRACT 226 Oceanic Drive Bokarina

SOLD 248 Glenview Road Glenview $1,350,000

FOR SALE 35 Burnside Road Burnside

UNDER CONTRACT 123/16 Toral Drive Buderim

SOLD 8 Henderson Street Buderim $998,000

FOR SALE 9/11 Jorl Court Buderim

FOR SALE 82/151-153 Mudjimba Beach Road Mudjimba

FOR SALE 20 Amaroo Drive Buderim

FOR SALE 31 Illuka Street Buderim

SOLD 17 Sharon Crescent Mountain Creek $1,257,000

FOR SALE 1 & 2 / 5 Cedarwood Place Landsborough

FOR SALE 30 Palana Court Buderim

FOR SALE 7 Cutback Court Bokarina Beach

SOLD 31 Capricorn Crescent Meridan Plains $685,000

FOR SALE 1 Akounah Crescent Buddina

SOLD 1002/67 Sixth Avenue Maroochydore $2,550,000

SOLD 10 Heracles Court Buderim $981,000

UNDER CONTRACT 5/13 Broadwater Avenue Maroochydore

SOLD 1/6 Yallanga Place Mooloolaba $720,000 SOLD 701/14 Aerodrome Road Maroochydore $970,000

UNDER CONTRACT 2/23 Ballinger Court Buderim

FOR SALE 15 Easter Street Kawana Island

SOLD 36 Yaringa Avenue Buddina $1,575,000

SOLD 22/4 Grand Parade Kawana Island $432,000

FOR SALE 16 Nindoah Street Wurtulla

SOLD 36 Lindeman Avenue Buderim $785,000

FOR SALE 25 Lady Musgrave Drive Mountain Creek

SOLD 10 Parkview Terrace Buderim $1,100,000

UNDER CONTRACT 56 Cavalry Way Sippy Downs

SOLD 13 Karawatha Street Buderim $725,000

FOR SALE 5 Linacre Street Sippy Downs

FOR SALE 21 Hilltop Crescent Maroochydore

UNDER CONTRACT 25 Starkey Street Palmwoods

UNDER CONTRACT 7 Glenview Close Buderim

SOLD 128 Glenfields Bvd Mountain Creek $747,000

FOR SALE 4/61 Duporth Avenue Maroochydore

SOLD 202/98 Alexandra Pde Maroochydore $720,000

UNDER CONTRACT 5 Thalan Street Wurtulla

FOR SALE 1 & 2/111 Pacific Boulevard Buddina

SOLD 5/77-79 Memorial Avenue Maroochydore $1,275,000

FOR SALE 1807/1a Mungar Street Maroochydpre

SOLD 37 Hillcrest Avenue Nambour $659,000

FOR SALE 47-51 Blackall Terrace Nambour

SOLD 5 Currong Street Minyama $900,000

SOLD 14 Birubi Street Currimundi $866,000

UNDER CONTRACT 14 Seychelles Place Kawana Island

UNDER CONTRACT 411 Hunchy Road Hunchy

SOLD 24/81 Sixth Avenue Maroochydore $1,200,000

SOLD 26 Coonang Crescent Warana $1,150,000

UNDER CONTRACT 6 Palm Drive Mooloolaba

FOR SALE 12 Karnu Drive Ninderry

SOLD 5/11 Pacific Terrace Alexandra Headland $535,000

FOR SALE 38 Kombi Street Bokarina

FOR SALE 30a Kiels Mountain Road Woombye

SOLD 72/20 Beach Parade Maroochydore $1,030,000

UNDER CONTRACT 58 Centenary Crescent Maroochydore

SOLD 5 Balance Place Birtinya $780,000 SOLD 1/12 Tarwarri Crescent Mooloolaba $720,000

SOLD 50 Windermere Way Sippy Downs $710,000

SOLD 33 Culla Culla Street Battery Hill $1,015,000

SOLD 4a Brenda Court Mooloolah Valley $1,100,000

SOLD 5304/3 Emporio Place Maroochydore $500,000

SOLD 86 Prosperity Drive Birtinya $696,500

FOR SALE 17 Magellan Crecent Sippy Downs

SOLD 4 Wilson Lane Woombye $525,000

FOR SALE 6/99 Lowanna Drive Buddina

FOR SALE 9/137 Mooloolaba Esplanade Mooloolaba

SOLD 8/274 Alexandra Parade Alexandra Headland $455,000

FOR SALE 601/1 Naroo Court Mooloolaba

SOLD 9/6 Jorl Court Buderim $560,000

SOLD 33/81 Birtinya Boulevard Birtinya $485,000

SOLD 42/67 Regatta Boulevard Birtinya $535,000

SOLD 47/46 Regatta Boulevard Birtinya $530,000

FOR SALE 28 Willis Road Bli Bli

SOLD 13/46 Warne Terrace Caloundra $1,222,000

Buyer Inspections Total

• A total of 4,898 inspections throughout the quarter still shows we have good demand from buyers, however when you compare it to the 5,952 from the previous quarter, it does show a general reduction in buyer demand of approximately 17%.

• With 153 auctions conducted in the period, we average 19.3 inspections per auction. Compared to an exclusive agency sale that recorded an average of 10.2, auctions are almost twice as effective in generating buyer inspections.

QUARTER COMBINED (average) Oct-Dec

QUARTER COMBINED (average) PREVIOUS QUARTER

Number on Market 199

Average Days on Market 29

• The results in this section are relatively consistent quarter on quarter despite the rise of interest rates causing buyer demand to weaken. Sellers that are moving quickly to reposition on price are still obtaining a sale in good time (less than 30 days) while we expect other sellers to remain on the market for a longer period.

• There has been a slight reduction in available property, however this could be considered normal based on Spring being the most popular time to sell and naturally some sellers waiting for the new year before coming to the market.

Introducing...

Ray White Buderim

07 5445 6088 buderim.qld@raywhite.com

Ray White Kawana Waters

07 5354 6012 kawana.qld@raywhite.com

Ray White Maroochydore

07 5443 2000 maroochydore.qld@raywhite.com

Ray White Mooloolaba

07 5444 3455 mooloolaba.qld@raywhite.com

Ray White Nambour

07 5354 6000 nambour.qld@raywhite.com

Real time residential market insights, updated monthly

• Why sell now?

• What is the cost of waiting?

• Time in the market is absolutely crucial.

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