T R OY D OW K E R
MARKET REVIEW October 2020 - December 2020
Tugun
Beachfront & Beachside kollosche.com.au
TUGUN
Market Insights. The southern Gold Coast region continues to enjoy a sizzling summer selling season. Unprecedented demand for lifestyle properties in the wake of the COVID-19 crisis saw inquiry and sales ramp up in the final quarter of 2020. Owner-occupiers led a stampede towards homes that better suit their needs and in locations that align with the lifestyle they want to live, and now investors are back in the game too. Exceptional surf beaches, a thriving cafe and restaurant culture and lower density living saw a spotlight shine brightly on the city’s southern beachside suburbs in late 2020. A surge in interest from interstate buyers, willing to purchase property sight unseen, added to the intensity already building from Palm Beach to Coolangatta. Extremely low stock levels meant those in a position to sell in spring or summer have held the reigns. Heavy buyer demand, record-low interest rates and tight stock levels contributed to record price points and steady growth in median values. The auction arena was particularly hot in the final quarter of 2020, with Kollosche recording a clearance rate of 85% which is virtually unheard of in Queensland. Off-market transactions were also on the rise in the December quarter as we worked with our database of local and interstate buyers who are ready and waiting to transact. Two noteworthy sales in October saw a modern beachside house at 29B Teemangum Street, Tugun fetch $1,650,000 while $1,480,000
changed hands for a three-bedroom ground floor beachfront apartment at 2/405 Golden Four Drive. The December quarter also saw investors return to the property market seeking better returns than they’re getting from the banks. The central bank cut the cash rate by 0.15 basis points down to 0.1 per cent on Melbourne Cup Day, when RBA governor Philip Lowe tipped no further increase was expected for at least three years. Apartments and units in key southern suburbs are among the beneficiaries as investors returned in search of smaller markets with COVID-proof credentials. Rental vacancy rates in many of our southern suburbs had fallen below 1.0 per cent, giving landlords the upper hand on pricing. Positive real estate conditions show no sign of reverting as the new year unfolds. The city’s southern region remains highly sought after, with all signs pointing to a strong summer of sales. Stock levels are extremely tight, average days on market are lower than the same time last year and vendor discounting has dropped. The persistent threat of COVID-19, most prevalent in southern states, continues to drive demand from interstate buyers. Trusted relationships with both buyers and sellers have never been more important as we work together to navigate the current market conditions. Your property is your most valuable asset and, as such, your next sale or purchase should be based on the confidence that comes from sound advice and local knowledge. Feel free to contact Troy Dowker on 0409 057 087.
T H E Q UA R T E R
at a glance
$1,462,500 MEDIAN SALE PRICE
$1,650,000 HIGHEST SALE PRICE
$1,200,000 LO W E S T S A L E PRICE
BEACHFRONT APARTMENT SALES 3 bed / 2 bath / 2 car
“Aqua Solai” 2/405 Golden Four Drive
SOLD $1,480,000 25/11/2020
Modern Ground Floor Apartment - Absolute Beachfront
BEACHSIDE HOUSE SALES 29b Teemangum Street
4 bed / 2 bath / 2 car
Contemporary Multi-Level Home - Beachside | 918m Block
SOLD $1,650,000 14/10/2020
2
9 Wade Street
3 bed / 3 bath / 2 car
Ripe for Redevelopment Double Block - Beachside | 810m2 Block
19b Teemangum Street
SOLD $1,200,000
4 bed / 3 bath / 2 car
Contemporary Multi-Level Home - Beachside | 755m Block 2
PRESTIGE PROPERTIES SOLD
4 BEACHFRONT APARTMENT SALE
1 BEACHSIDE HOUSE SALES
3
12/10/2020
SOLD UNDISCLOSED 09/12/2020
Your Community.
Source: Facebook - Currumbin Markets
Currumbin Community Markets
If you’re someone who often has plans to wake up early on the weekend to browse your local farmer’s market but never actually makes it, the Currumbin Community Markets could be right up your alley. Held every Thursday from 7:00–11:00 am, the markets give locals the opportunity to buy fresh, seasonal produce direct from local farmers without having to deal with weekend leisure crowds. The event was created by two local Gold Coast mums who are focused on creating a true farmer’s market community by only allowing farmers who have a direct link to the produce they sell. The Currumbin Community Markets are held directly across from the Currumbin RSL.
Date and Time Every Thursday, 7:00am – 11:00am Location Currumbin RSL 164 Duringan Street, Currumbin
Source: Facebook - Currumbin Markets
Home Styling with Treasured Interiors Stepping into Currumbin’s Treasured Interiors will make you feel like you’re entering a private island hideaway. That’s the feeling interior stylist Deb Deane creates for each individual client – personalising interiors to suit the style and location of every home. Deb’s innate sense for decorating, design and styling has led her to become a trusted consultant for prestige homeowners and one of our preferred suppliers for interior styling. Deb’s background in real estate and renovation is testament to her high-quality property staging – one of the best ways to ensure the highest possible sale price. The Treasured Interiors team have been styling homes for sale, homes for the rental market, and simply for changing the lives of homeowners, for over thirty years. Specialising in timeless, coastal styling with equal focus on aesthetics and functionality, they manage every detail of a brief from to conception completion. Treasured Interiors is located at 8 Thrower Drive, Currumbin Waters and is open 7 days a week, from 8.30am until 4.00pm.
Source: Treasured Interiors (Facebook)
CURRUMBIN
Handy Tips and Tricks. Easy ways to support local food growers You might be dreaming of a sprawling edible farm with blossoming fruit trees, an abundance of veggies sprouting up and even your own beehive and flock of clucky chooks. That farm life dream is real. But what’s even more real, for many city dwellers, is the lack of space for which to create your ideal farm or even a small edible garden. Many urban folk live in apartments with limited growing space, which is no doubt a barrier to growing your own and supporting the environmental green dream you’re so passionate about. But the good news is there are still lots of things we can do in our lives to support local growing economies and play our small part in being good stewards with what we’re given. Here are some small, easy choices you can make to support local growers. Garden nurseries - Smaller, independent nurseries will often stock local growers’ products, whether it’s edible or ornamental plants. Nurseries and Bunnings stock an excellent and rare range of native and endemic plants including many edible and medicinal ones. Veggie boxes - Support local growers by getting some of your organic fruit and veggie boxes delivered or picked up from small-scale urban farms or local co-ops. Verge gardens - A few square metres of sunny ground can provide two people with all the herbs and leafy greens they need. Follow local council guidelines for growing food on the verge to see how to design it for a public space. Farmers markets - Meet the growers, learn about seasonal produce, and get the tastiest staples and treats while you’re there. We all know how good mornings at local markets are. I’ve learnt so much from local growers about gardening in the local climate. Grow it Local - Check out Grow it Local and get inspired by seeing who’s growing locally and what’s under cultivation. You can connect with local growers to learn and share knowledge, expertise, produce, recipes. Stay in the loop for dates to attend local food experiences that celebrate local produce, growers, chefs and like-minded businesses. Buy Australian fruit and veg when available - Give Aussie growers your support while keeping food kilometres low and eating fresh seasonal produce. Ask where products are from and support business that supports growers and families in your region.
Our Recent Sales Success. What our clients are saying about us. 146-150 TALLEBUDGERA DRIVE, PALM BEACH When we decided that it was time to sell our mother’s home as her Powers of Attorney, we knew that we’d need to find an agent who was passionate, professional and patient... the patience because two of us were in Sydney (and this was happening in COVID times) and thus weren’t able to be present for anything. Therefore, any meetings and discussions had to be via Zoom. Troy ticked those boxes over and over during the campaign. But it wasn’t just Troy. One of the strengths is that Troy has a strong team working with him – Rob, Isabella and Nicole in particular – so there was always someone able to respond to our queries. We complied with their suggestions and advice regarding the marketing and preparation and presentation of the property. Their feedback was second-to-none so that we felt like we knew exactly what was going on at any given time. Selling a unique property can have its challenges, but they were up for it and we are delighted with the result.
- J.NIXON & FAMILY
50 TEEMANGUM STREET, CURRUMBIN We recently worked with Troy for the sale of our home and could not be happier with the level of service, knowledge and professionalism that Troy and his team (Isabella and Nicole) provided, whilst always remaining friendly and genuine. Excellent advice, very fast responses to any questions and queries and excellent communication throughout the entire process. We achieved a great result and thank Troy, Isabella and Nicole for all their hard work over the period our property was on the market. We highly recommend this ‘dream team’ for anyone looking to buy or sell on Southern Gold Coast.
- A & S FRAWLEY
RECOMMENDED SERVICE PROVIDERS
Solicitor
Accountant
Interior Styling
I N G W E R S E N & L A N D S D OW N S O L I C I TO R S
B U T L E R S AC C O U N TA N TS
T R E AS U R E D I N T E R I O R S
07 5589 2600 www.ingwersen.com.au
07 5536 2288 www.butlersca.com.au
07 5534 3883 www.treasuredinteriors.com.au
Financial Advice. Local Gold Coast Mortgage Broker Firm National Financial Services Australia is proud to partner with Award-Winning Prestige Real Estate Firm Kollosche. Brett shares his Finance Market Update: Should I Fix My Home Loan or Not? We are seeing record low interest rates at the moment but should you be fixing in your home loan? Most banks fixed rates are lower than their variable rates and the reason they do this is they want to lock you in; but this is not a bad thing if you use it to your advantage. But before you lock in your rate there are some things you must consider.
1. Extra Repayments / Offset account Most banks will limit you on making extra repayments on a fixed loan and most do not allow offsets on fixed loans.
2. Breaking fixed loans If you sell your house or look to do a refinance and you have a fixed loan there is a chance there will be a break cost that the bank will charge you to break that loan. So if you are going to make extra repayments and do not intend on selling your house in the short term then I would suggest you look at fixing a portion of your loan. Most banks will allow you to fix a portion of the loan, like 50% or 75% - you can choose what ever you like. We suggest to look at fixing say 50% so you can take advantage of the lower interest rates and leaving the other 50% variable so you can still run your offset account on the variable portion or make extra repayments to the variable portion. Make sure you chat to a Mortgage Broker as they can search the market to make sure you get the best fixed and variable rates.
Brett Gardiner operated – National Financial Services (Aust) Pty Ltd a multi award winning mortgage broking firm and he would be more than happy to assist any of Troy’s clients with their financial needs. Please call Brett today to see what he can do for you.
Brett Gardiner D I R E C TO R & YO U R B R O K E R
0411 728 421 brett@nfsaust.com.au
Property Assessment.
Assessments are available should you wish to get a professional opinion on the current market value of your property. Please contact Troy Dowker on 0409 057 087 or email troy@kollosche.com.au
Featured Listings.
9/405 Golden Four Drive Tugun
3 Bed / 2 Bath / 2 Car
4 Petrel Avenue Mermaid Beach
3 Bed / 2 Bath / 2 Car
$1,695,000
AUCTION
ON-SITE, 31 JANUARY AT 12PM
Perspective 488 | 488 The Esplanade Palm Beach
4 Bed / 4 Bath / 6 Car
32 Doeblien Drive South Stradbroke
5 Bed / 3 Bath / 2 Car
$5,850,000
$1,395,000
Our Recent Sales.
139 Jefferson Lane Palm Beach
5 Bed / 4 Bath / 445m 2 Land Size
146-150 Tallebudgera Drive Palm Beach
6 Bed / 4 Bath / 2,742m Land Size 2
SOLD $5,600,000
SOLD $5,050,000
3 Murraba Street Currumbin
6 Bed / 3 Bath / 407m 2 Land Size
58 Woodgee Street Currumbin
4 Bed / 3.5 Bath / 407m Land Size 2
SOLD $2,575,000
SOLD $1,600,000
About Kollosche.
OUR
Mission We are dedicated to achieving impressive results for our clients with transparent and honest communication. Our commitment to education, training and our drive to constantly improve will ensure we maintain our position as market leaders. We are committed to constantly adopting new technologies that further improve the transparency and experience for our clients and our accountability will leave a lasting and positive impact on all who conduct business with us at any level and in any capacity.
Your home is one of your most valuable assets, and no team appreciates this more than us. At Kollosche, we have an uncompromising dedication to providing comprehensive real estate services for the prestige residential sector. This is based on a solid foundation established by our Principal prominent Gold Coast real estate expert, Michael Kollosche - and it is one that we continue to uphold proudly to this day.
It is why our clients trust us. As a leading, local boutique Real Estate Agency, we focus on catering to the specific needs of high-end residential homes like yours. Our team of experts understand that properties of this calibre require a bespoke approach, which is how we deliver the premium results that we are known for. From innovative marketing campaigns, experienced advice, competent negotiations, and an aptitude to oversee every detail, we are reliable partners who you can depend on to assist you in achieving your property goals.
Get in Touch. Prestige Property Trusted Advisor As an industry market leader, I offer unrivalled expertise in prestige and beachfront properties across the Southern Gold Coast. I’ve been proud to consistently set new benchmarks and price point records for my loyal clientele, with sales now exceeding $700 million across my career.
Troy Dowker
LICENSED REAL ESTATE AGENT
0409 057 087 troy@kollosche.com.au
I have built a solid business through repeat referrals and cementing my position as the preferred agent among prestige beachfront property owners. Growing up around the coast in the Surf Life Saving movement and now calling the Southern Gold Coast home with my family, I’m proud to be part of the fabric of this region through my work and community involvement. I love what I do, working with our local team who are all passionate about this area. Following a very successful 16 years with the Ray White group, I have now joined forces with Kollosche, bringing a fresh perspective to the prestige sales environment.
Isabella Burns SALES ASSOCIATE TO TROY DOWKER
0421 331 015 isabella@kollosche.com.au
Holding the title of No.1 Sales Agent for the Southern Gold Coast area in the prestige sector since 2008, I deliver invaluable experience, professionalism and a deep perspective of market knowledge to every seller and buyer I work with. It’s an honour and a privilege to have homeowners put their trust in me and my team to handle the sale of their prestige property, and I aim to provide professional and trusted advice for all property matters.
Nicole Cheyne EXECUTIVE ASSISTANT TO TROY DOWKER
0473 008 332 nicole@kollosche.com.au
Troy Dowker
L I C E N S E D R E A L E STAT E AG E N T 0409 057 087 troy@kollosche.com.au
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