Welcome to the latest Market Insights Report, where we delve into the ongoings of specific suburbs over the last 60 days. As always, Rose & Jones is dedicated to equipping you with the essential knowledge needed to navigate the property market effectively.
Why It’s a Good Time to Buy in These Areas:
The current real estate environment across these Queensland and New South Wales suburbs presents compelling opportunities for buyers. The relatively stable market conditions, coupled with a competitive interest rate environment, create an ideal scenario for property acquisition. Whether you’re looking for a new home or an investment opportunity, these insights will guide your decisions.
Key Insights for Buyers:
The data reveals varying market conditions across these suburbs, offering opportunities for both buyers and investors. High-demand areas like Tugun, Byron Bay, and Lennox Head exhibit strong market activity with relatively short days on market and minimal vendor discounts. Meanwhile, Coolangatta and Murwillumbah present opportunities for buyers to negotiate favourable deals. Each suburb offers unique opportunities, depending on your investment goals.
Suburb Overview:
Tugun, QLD 4224
With 50 new sale listings, Tugun’s market remains active. Properties here spend an average of 41.78 days on the market, with a minimal vendor discount of 0.14%, indicating strong seller positions. The suburb has seen 27 recently advised sales and 35 recently withdrawn listings, reflecting a balanced and competitive market. There are currently 58 rental listings available, suggesting continued interest from both buyers and renters.
Currumbin Waters, QLD 4223
Currumbin Waters has seen 54 new sale listings, with properties averaging 40.91 days on the market. The average vendor discount stands at -0.80%, highlighting some negotiation room for buyers. With 28 recently advised sales and 22 recently withdrawn listings, the market remains dynamic. The rental market is relatively moderate, with 31 listings available, making it an attractive option for investors.
Coolangatta, NSW 2535
Coolangatta presents a quieter market with only 6 new sale listings over the past 60 days. Properties here spend an average of 50 days on the market, with a significant average vendor discount of -7.71%, indicating a buyer’s market. No recently advised sales were reported, and only 2 listings were withdrawn. There are currently no rental listings, suggesting a limited but potentially lucrative investment opportunity in this suburb.
Byron Bay, NSW 2481
Byron Bay continues to be a popular location with 81 new sale listings. Properties in this area spend an average of 44.36 days on the market, with an average vendor discount of -0.46%, reflecting some level of negotiation. The suburb has seen 16 recently advised sales and 55 recently withdrawn listings, indicating a competitive market. With 111 rental listings available, Byron Bay remains a hotspot for both buyers and renters.
Lennox Head, NSW 2478
Lennox Head has seen 64 new sale listings, with properties averaging 56.88 days on the market. The average vendor discount is 1.35%, suggesting that properties are often selling above asking price. The suburb has 25 recently advised sales and 26 recently withdrawn listings, pointing to a balanced market. With 25 rental listings available, Lennox Head offers potential for both residential buyers and investors.
Murwillumbah, NSW 2484
Murwillumbah presents an active market with 46 new sale listings. Properties here spend an average of 51.77 days on the market, with an average vendor discount of -0.61%, indicating some negotiation flexibility. The suburb has seen 16 recently advised sales and 32 recently withdrawn listings, reflecting steady market activity. With 43 rental listings available, Murwillumbah remains an attractive option for both buyers and renters.
For further exploration of these opportunities or personalised assistance, please do not hesitate to contact us. Your property aspirations are our priority.
