April-June 2023 Market Monitor
Voice of Property on the Sunshine Coast Coastal Living Offices 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 latest instalment of the Ray White Market Monitor, reporting on the April to June quarter of 2023.
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.
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
A P R I L 97% S U C C E S S M A Y 88% S U C C E S S J U N E 89% S U C C E S S Auctions 39 Sold 33 Withdrawn 5 Success % 97% Clearance % 54% Days on Market 36 Registered Bidders 76 Registered Bidders per auction (average) 2.17 Pre Auction Offers 53 % Discount from Reserve -0.71% % Lift from Highest Pre-Auction Offer to Sale 1.95% Auctions 37 Sold 28 Withdrawn 5 Success % 88% Clearance % 59% Days on Market 41 Registered Bidders 99 Registered Bidders per auction (average) 3.09 Pre Auction Offers 42 % Discount from Reserve -0.13% % Lift from Highest Pre-Auction Offer to Sale 6.13% Auctions 38 Sold 32 Withdrawn 2 Success % 89% Clearance % 55% Days on Market 28 Registered Bidders 67 Registered Bidders per auction (average) 2.31 Pre Auction Offers 41 % Discount from Reserve -0.53% % Lift from Highest Pre-Auction Offer to Sale 2.06%
COMBINED
WHAT THESE FIGURES SHOW
• Competition at auctions remained strong throughout the quarter with an average of 2.52 bidders at each auction.
• Clearance rates remained strong and consistent through the quarter and 2023 more generally with 56% of properties selling at auction day. Cumulative post auction sales then saw the success rate climb to 91% post auction.
• Sellers are discounting only minimally (0.46%) where as buyers at auction are paying more +3.38% (lift rate) on auction day to secure the property.
S U C C E S S
92% QUARTER COMBINED | Apr-Jun PREVIOUS QUARTER
AS AT 30 June
S U C C E S S Auctions 114 Sold 93 Withdrawn 12 Success % 91% Clearance % 56% Days on Market 35 Registered Bidders 242 Registered Bidders per auction (average) 2.52 Pre Auction Offers 136 Lift from Reserve -0.46% % Lift from Highest Pre-Auction Offer to Sale 3.38% Auctions 120 Sold 104 Withdrawn 7 Success % 92% Clearance % 52% Days on Market 45 Registered Bidders 296 Registered Bidders per auction (average) 3.20 Pre Auction Offers 139 Lift from Reserve -1.09% % Lift from Highest Pre-Auction Offer to Sale 5.70%
91%
Where do our Buyers Come From?
APRIL MAY JUNE
Local buyers are seemingly doing the majority of the buying (70%) we have noticed a rise of interstate investors bidding on local investment properties.
While the interstate buyers are still being outbid by the local buyer market, this group remains active.
Sunshine Coast 73.2% Brisbane 7.1% Gold Coast 1.8% Regional QLD 5.4% NSW 1.8% VIC 7.1% SA 1.8% TAS 1.8% Sunshine Coast 53% Brisbane 19.7% Gold Coast 1.5% Regional QLD 9.1% NSW 4.5% VIC 6.1% WA 1.5% International 4.5% Sunshine Coast 70% Brisbane 10% VIC 6.7% NSW 13.3%
April Auction Results as
SOLD 1/12 Pangarinda Place Mooloolaba $610,000
SOLD 9 Bangalow Street Minyama $2,700,000
SOLD 47 Woodlands Crescent Buderim $810,000
SOLD 3/147 Burnett Street Buderim $600,000
WITHDRAWN 71 Gloucester Road Buderim
WITHDRAWN 30 Iluka Avenue Buddina
SOLD 16 Wannon Street Maroochydore $785,000
SOLD 19 Cutter Street Wurtulla $1,135,000
SOLD 12/81 Birtinya Boulevard Birtinya $486,000
SOLD 3/12 Macaranga Court Palmwoods $535,000
SOLD 19/20 Beach Parade Maroochydore $628,000
FOR SALE 1/307 Bradman Avenue Maroochydore
SOLD 61 Tepequar Drive Maroochydore $865,000
SOLD 450/180 Alexandra Parade Alexandra Headland $605,000
SOLD 5 Cypress Street Kuluin $1,042,500
SOLD 6/9 Douglas Street Mooloolaba $597,500
SOLD 709/14 Aerodrome Road Maroochydore $1,000,000 SOLD 6 Firetail Court Tanawha $2,210,000 SOLD 19 Tallangatta Street Nambour $510,000 SOLD 10 Sunhaven Court Nambour $650,000 SOLD 6 Forest Road Palmview $830,000 SOLD 14 Harlequin Road Palmview $745,000 SOLD 90/8 Starling Street Buderim $585,000 SOLD 3/17 Amaroo Drive Buderim $1,155,000 WITHDRAWN 24A & B/15 Shine Court Birtinya SOLD 51/110 Sixth Avenue Maroochydore $690,000 SOLD 11 Lancewood Close Buderim $911,000 SOLD 54/55 Sixth Avenue Maroochydore $717,500 SOLD 4/12 Sunrise Drive Maroochydore $1,050,000 SOLD 21/81 Birtinya Boulevard Birtinya $605,000 SOLD 316/21 Innovation Parkway Birtinya $605,000 SOLD 63/101 Birtinya Boulevard Birtinya $426,000 SOLD 11 Malinya Drive Buddina $1,330,000 SOLD 4 Grenfell Court Kuluin $890,000 WITHDRAWN 7/109-111 Bradman Avenue Maroochydore SOLD 6 Webb Street Twin Waters $1,042,500 SOLD 12 Bedford Circuit Coes Creek $900,000 WITHDRAWN 5/14 Pangarinda Place Mooloolaba
at June 30
May Auction Results as at
June 30
SOLD 9/6-8 Aerodrome Road Alexandra Headland $465,000 SOLD 11 Mountain Ridge Crescent Buderim $1,035,000 SOLD 16 Malinya Drive Buddina $940,000
WITHDRAWN 908/9 Market Lane Maroochydore SOLD 17 Plantation Parade Buderim $1,125,000 SOLD 1 Beaverbrook Circuit Sippy Downs $700,000
Valley Crescent
$750,000
Lamatia Drive Mountain Creek FOR
Palmview SOLD 25 Martins Drive Kuluin $936,000 FOR
Springs FOR SALE
Maroochydore SOLD 8 Jakeman Drive Buderim $940,000 SOLD 1/5 Bahlaka Street Mooloolaba $715,000 SOLD 4/39 Goonawarra Drive Mooloolaba $744,000 SOLD 37 Kanes Road Bridges $1,005,000 FOR SALE 1102/25 First Avenue Mooloolaba SOLD 36/101 Birtinya Boulevard Birtinya $415,000 SOLD 14 Murray Crescent Nambour $560,000 WITHDRAWN 24 Baltimore Place Kuluin SOLD 4 Whitehaven Drive Buderim $1,201,000 SOLD 22 Janderra Street Buderim $875,000 SOLD 14/123 Brisbane Road Mooloolaba $850,000 SOLD 11 Coachwood Street Buderim $1,510,000 SOLD 7/3 Orient Court Buderim $770,000 SOLD 29 Pretella Street Wurtulla $1,215,000 SOLD 104/180 Alexandra Parade Alexandra Headland $310,000 SOLD 38 Khancoban Drive Buderim $970,000 SOLD 11/7 Juan Street Alexandra Headland $735,000 SOLD 54 Windermere Way Sippy Downs $870,000 SOLD 5 Elston Court Sippy Downs $880,000 SOLD 4 Hoop Court Maroochydore $645,000 SOLD 6 Oyster Court Twin Waters $1,225,000 SOLD 3 Anticipation Close Nambour $690,000 SOLD 26/84 Parkyn Parade Mooloolaba $2,100,000 WITHDRAWN
Rosemount Rd Rosemount
WITHDRAWN 7 Kerlin Lane Woombye SOLD 56
Palmview
WITHDRAWN 1/23
SALE 23 Felicity Way
SALE 9 Sunbird Lane Peregian
24/20 Beach Road
245 & 265 Upper
June Auction Results as at June 30
SOLD 34 Carlisle Court Mountain Creek $720,000
UNDER CONTRACT 25 Tarawa Street Kawana Island
UNDER CONTRACT 24 Switchfoot Street Bokarina
SOLD 222 River Road Maroochy River $2,000,000
SOLD 1/39b King Street Buderim $465,000
SOLD 14/1 Amity Avenue Maroochydore $665,000
SOLD 10 Augusta Court Buderim $1,250,000
SOLD 103 Nambour Mapleton Road Nambour $545,000
SOLD 10/40 Picnic Point Esplanade Maroochydore $780,000
SOLD 35 Millwell Road Maroochydore $865,000
WITHDRAWN 10/7 Canberra Terrace Kings Beach
UNDER CONTRACT 10/85 Picnic Point Esplanade Maroochydore
SOLD 131 Baanya Street Wurtulla $1,300,000
FOR SALE 606/21 Kombi Street Bokarina Beach
SOLD 10/32 River Esplanade Mooloolaba $365,000
Maroochydore $530,000
SALE
35/101 Pacific Boulevard Buddina $1,900,000
15/101
Boulevard Birtinya $435,000
35 Maddock Avenue Mooloolah Valley $870,000 SOLD 43 Karawatha Street Buderim $855,000 UNDER CONTRACT 301/7 Venning Street Mooloolaba SOLD 679/11 Mooloolaba Esplanade Mooloolaba $572,000 SOLD 5 Greenway Place Mountain Creek $900,000 SOLD 11/26-28 Picnic Point Maroochydore $1,285,000 SOLD 8 Edwin Road Buderim $830,000 SOLD 75 Buderim Avenue Mooloolaba $1,525,000 SOLD 17 Dharalee Court Mt Coolum $885,500 SOLD 1/48 Lawrence Street Moooloolaba $756,000 FOR SALE 18 Barnes Drive Buderim WITHDRAWN 354 Ilkley Road Ilkley FOR SALE 108 Ilkley Road Eudlo UNDER CONTRACT 24a&b /15 Shine Court Birtinya UNDER CONTRACT 60 Altitude Drive Burnside UNDER CONTRACT 362/180 Alexandra Parade Alexandra Headland SOLD 202/21 Douglas Street Mooloolaba $515,000 SOLD 5 Iluka Avenue Buddina $2,400,000
FOR SALE 55/20 Beach Road Maroochydore SOLD 8/14-18 Anzac Avenue
FOR
1/118 Pacific Boulevard Buddina SOLD
SOLD
Birtinya
SOLD
Buyer Inspections
1,744 total inspections 1,912 total inspections 2,349 total inspections 485 number of open homes 505 number of open homes 524 number of open homes 636 exclusive agency inspections 1,154 buyer inspections at auctions 741 exclusive agency inspections 1,159 buyer inspections at auctions 609 exclusive agency inspections 1,698 buyer inspections at auctions APRIL MAY JUNE
Buyer Inspections Total
6,005 total inspections
1,514 number of open homes
1,986 exclusive agency inspections
4,011 buyer inspections at auctions
• With over 6000 buyer inspections conducted within the quarter, buyer demand remains robust and consistent with previous reports.
• Auctions are collectively generating double the buyer enquiry volume as our exclusive agency campaigns (priced property). The removal of an advertised price and improved sense of urgency created by the auction draws in more buyer interest.
QUARTER COMBINED | Apr-Jun 2023
Exclusive Agency Sales Report
Number on Market 161 Total Sold 38 30 Day Success (%) 24% Average Days on Market 61 Number on Market 122 Total Sold 38 30 Day Success (%) 31% Average Days on Market 39 Number on Market 113 Total Sold 30 30 Day Success (%) 27% Average Days on Market 31 M A Y 38 J U N E 30 TOT A L S O LD TOT A L S O LD TOT A L S O LD A P R I L 38
QUARTER COMBINED (average)
Apr-Jun
QUARTER COMBINED (average)
PREVIOUS QUARTER
Available supply of listings on the market remained relatively consistent across the last two quarters (132 v 149) as did the number of sold properties (106 v 108) this tells us that there is balance in the market between the supply of new property and the demand of buyers.
TOT A L S O LD 108 TOT A L S O LD 106
Number on Market 132 Total Sold 106 90 Day Success (%) 80% Average Days on Market 44 Number on Market 149 Total Sold 108 90 Day Success (%) 72% Average Days on Market 55
Property Management
72 properties leased 91 properties leased 84 properties leased 14 average days on market 19 average days on market 17 average days on market 99% occupancy rate 98% occupancy rate 99% occupancy rate
APRIL MAY JUNE
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