Sydney’s prestige and inner-ring markets continue to deliver strong sales momentum, with short average selling periods and rising buyer confidence. The past 60 days have revealed a market split between high-end stability and renewed vendor optimism, with several suburbs achieving above-asking premiums.
Regional Snapshot
- Fastest Selling: Burleigh Waters (12.5 days)
- Highest Clearance Rate: Elanora (+74%)
- Most Vendor Confidence: Elanora (+0.19% premium)
- Largest Sales Volume: Palm Beach (87 sales)
- Tightest Rental Market: Lennox Head (25 lisitings)
Burleigh Waters, QLD 4220
- New Sale Listings: 71
- Average Days on Market: 12.5
- Average Vendor Discount: -0.59%
- Recently Advised Sales: 33
- Recently Withdrawn Listings: 51
- Total Rental Listings: 106
Key Insights:
Burleigh Waters continues to demonstrate exceptional sales velocity, with homes selling in just 12 days on average, the fastest in this dataset. Despite a small -0.59% vendor discount, the pace of transactions highlights tight supply and eager buyers. A moderate 51 withdrawals suggest that while competition is strong, realistic pricing remains essential. Rental stock at 106 properties indicates a balanced investment environment.
Palm Beach, QLD 4221
- New Sale Listings: 140
- Average Days on Market: 87
- Average Vendor Discount: -1.59%
- Recently Advised Sales: 87
- Recently Withdrawn Listings: 114
- Total Rental Listings: 199
Key Insights:
Palm Beach remains one of the most active and dynamic Gold Coast markets. Properties are selling in just over three weeks with a mild -1.59% discount, reflecting a well-balanced environment between buyers and sellers. The suburb’s 87 sales from 140 listings represent a 62% clearance rate, confirming ongoing market confidence. Rental availability (199 listings) suggests strong tenant demand alongside consistent investor interest.
Elanora, QLD 4221
- New Sale Listings: 47
- Average Days on Market: 17.9
- Average Vendor Discount: +0.19%
- Recently Advised Sales: 35
- Recently Withdrawn Listings: 24
- Total Rental Listings: 46
Key Insights:
Elanora is performing solidly, with a high sales-to-listings ratio of 74% and homes selling in under 18 days. A +0.19% vendor premium indicates buyers are prepared to pay slightly above asking for quality properties. The small 46-property rental pool underscores tight supply in this family-oriented suburb.
Ocean Shores, NSW 2483
- New Sale Listings: 44
- Average Days on Market: 52.7
- Average Vendor Discount: -0.03%
- Recently Advised Sales: 29
- Recently Withdrawn Listings: 22
- Total Rental Listings: 38
Key Insights:
Ocean Shores shows steady turnover and balanced negotiation conditions, with properties selling after roughly 53 days. The minimal -0.03% vendor discount suggests transactions are closing close to asking prices. With 29 sales from 44 listings, demand remains resilient. 38 active rentals point to moderate leasing competition.
Lennox Head, NSW 2478
- New Sale Listings: 50
- Average Days on Market: 65
- Average Vendor Discount: -0.41%
- Recently Advised Sales: 33
- Recently Withdrawn Listings: 36
- Total Rental Listings: 25
Key Insights:
Lennox Head remains an aspirational lifestyle market, characterised by longer sales cycles (65 days) and minimal price adjustment (-0.41%). The 33 sales from 50 listings show measured but consistent buyer interest. With just 25 rental properties available, low vacancy continues to support premium yields for investors.
Pottsville, NSW 2489
- New Sale Listings: 36
- Average Days on Market: 53.4
- Average Vendor Discount: -0.27%
- Recently Advised Sales: 18
- Total Rental Listings: 34
Key Insights:
Pottsville recorded 18 sales from 36 listings, with homes taking roughly 53 days to transact. Vendor discounting remains minimal (-0.27%), suggesting well-priced listings are attracting genuine interest. Rental listings (34) remain in line with local averages, ensuring balanced conditions for investors.
Summary of October Insights
Across Northern NSW and the Gold Coast, momentum remains firm with sub-month selling times in several suburbs. Buyer appetite continues to outpace supply in key lifestyle hubs like Burleigh Waters, Palm Beach, and Elanora. Meanwhile, Lennox Head and Pottsville offer steadier, more balanced trading environments for buyers seeking value without the pressure of rapid competition.
Whether you’re looking to buy or invest on the Gold Coast, our team of buyer’s agents can help. For help getting started or more detailed information on any of these suburbs, please feel free to reach out to Oliver Dunstan at Rose & Jones.
Oliver Dunstan
Rose & Jones
