What’s Moving, What’s Not.
Here’s the reality of the market right now:
Auction clearance rate: Currently sitting at around 51%. Just over half of properties are selling under the hammer, with most of the remainder going shortly after across the Queensland market.
Buyer demand: Strong interest continues for dual living, flood-free properties, and houses under $1.2 million. A shift under $1 million is expected soon, with government changes kicking in this October read here.
Performance snapshot: Our office has handled 2,182 enquiries this financial year, which is 174 more than the market average. Our median sale price sits at $1.505 million compared to the broader market at $1.42 million.
Days on market: Flat blocks with pools under $1.5 million are moving fast. The bigger, more unique homes in that $1.5 to $2 million range are taking longer. We’re still averaging 22 days on market while the market’s median sits at 34.
Price growth: Elanora’s surging with 7.76% growth, Palm Beach remains solid at 6.34%, and Currumbin Waters is up 4.55% in the past 12 months.
For sellers: Spring brings more listings and stronger competition. The key is being ready to buy as soon as the right property appears.
For buyers: Working with a buyer’s agent can mean access to more opportunities before they officially hit the market.
If you’d like a tailored update on where your property sits in today’s market, reach out.
Billy Jaz
0400 595 019
