We’re pleased to share the latest property market insights for key suburbs in Queensland and New South Wales, based on data from the past 60 days. This report aims to provide valuable insights to assist you in making informed decisions in the current market environment. Below, we examine new sale listings, vendor discount trends, market activity, and rental opportunities.
This report provides a comprehensive analysis of the property market activity over the past 60 days, with detailed insights across six suburbs in Queensland and New South Wales. The following statistics and observations aim to help you make informed decisions in your property search and investment strategies.
Tallai QLD 4213
- New Sale Listings: 17
- Average Days on Market: 55.05
- Average Vendor Discount: -3.20%
- Recently Advised Sales: 11
- Recently Withdrawn Listings: 23
- Total Rental Listings: 20
Key Insights:
Tallai presents a balanced market, with 17 new sale listings and 11 recently advised sales. Properties spend an average of 55 days on the market, suggesting a moderate turnover rate. A vendor discount of -3.20% indicates buyers have some room for negotiation. With 20 available rental properties, the rental market is relatively tight, which could be advantageous for investors seeking rental income opportunities.
Reedy Creek QLD 4227
- New Sale Listings: 56
- Average Days on Market: 45.39
- Average Vendor Discount: -4.25%
- Recently Advised Sales: 17
- Recently Withdrawn Listings: 53
- Total Rental Listings: 22
Key Insights:
Reedy Creek has seen significant activity with 56 new sale listings and 17 sales in the last 60 days. Properties are selling in about 45 days on average, slightly faster than Tallai. The vendor discount of -4.25% indicates even more room for price negotiation, making it a buyer-friendly market. With 22 rental listings, it offers solid opportunities for both buyers and investors.
Varsity Lakes QLD 4227
- New Sale Listings: 83
- Average Days on Market: 42.65
- Average Vendor Discount: -0.57%
- Recently Advised Sales: 59
- Recently Withdrawn Listings: 113
- Total Rental Listings: 167
Key Insights:
Varsity Lakes stands out as the most active market in this report, with 83 new sale listings and 59 sales in just 60 days. Properties are moving relatively quickly, with an average of just 42.65 days on the market. A minimal vendor discount of -0.57% indicates that prices remain firm, reflecting strong demand. With 167 rental listings, this suburb provides ample options for tenants, making it an attractive spot for investors focused on rental income.
Ocean Shores NSW 2483
- New Sale Listings: 35
- Average Days on Market: 77.27
- Average Vendor Discount: -0.40%
- Recently Advised Sales: 20
- Recently Withdrawn Listings: 24
Key Insights:
Ocean Shores exhibits a slower-paced market with properties spending over 77 days on the market, the highest in this report. The average vendor discount is minor, at -0.40%, reflecting stable pricing. However, with only 20 recent sales and 35 new listings, competition remains manageable. With 36 rental listings, the suburb offers moderate opportunities for renters and investors alike.
Mullumbimby NSW 2482
- New Sale Listings: 39
- Average Days on Market: 59.65
- Average Vendor Discount: -5.38%
- Recently Advised Sales: 7
- Recently Withdrawn Listings: 16
- Total Rental Listings: 21
Key Insights:
Mullumbimby has experienced a slower sales period, with only 7 recent sales compared to 39 new listings. The vendor discount of -5.38% is the largest across the suburbs covered, highlighting a highly negotiable market for buyers. Properties remain on the market for nearly 60 days on average, which is slightly slower than other suburbs in the report. With 21 rental listings available, investors may find opportunities for long-term holds.
Ballina NSW 2478
- New Sale Listings: 54
- Average Days on Market: 49.48
- Average Vendor Discount: -0.06%
- Recently Advised Sales: 30
- Recently Withdrawn Listings: 66
- Total Rental Listings: 33
Key Insights:
Ballina offers a steady market with 54 new sale listings and 30 recent sales. Properties spend about 49 days on the market, and the extremely low vendor discount of -0.06% suggests strong seller confidence and minimal room for negotiation. With 53 rental listings, this is a promising area for potential investors targeting the rental market.
Summary of October Insights
This data highlights significant opportunities in various markets, particularly in suburbs like Varsity Lakes, which are experiencing rapid turnover and minimal discounts, and Mullumbimby, where buyers may find favourable negotiation terms. Whether you are a buyer or an investor, this report offers valuable insights to help guide your decisions.
For personalised advice or further information, feel free to reach out to Byron Rose at Rose & Jones.
Byron Rose
Rose & Jones
