Q2 FY23 BLS Apartment Insider : simplebooklet.com

WELCOMEHello,As our highly valued Broadbeach residents, our investors and/or prospective purchasers -welcome to the second quarter (Oct - Dec) Broadbeach Luxury Sales ‘Apartment Insider’ report forthe '22/'23 Financial Year.Once again - we’ll be sharing with you not only the sales numbers but also lots of excitingupcoming events, insights and changes to the market that only your number one, local,Broadbeach apartment sales specialists can provide.Enquiry may have flattened just a little as interest rates have steadily risen but a combination oflow stock levels and a steady demand for quality, well positioned apartments in the heart ofBroadbeach from cashed up southerners has seen prices being paid that are still in line with thepeak six to nine months ago.This proves once again that it is always about ‘position, position, position’ when buying property.Anecdotally, new projects such as the V & A’s two towers sandwiched between the Broadbeachmall and Albert Avenue have continued to sell well off the plan. Also interesting to note is theincreasing amount of resales occurring elsewhere as investors who perhaps purchased off the planover two years ago are taking advantage of the rapid rise in apartment values in Broadbeach whichhas seen them potentially pocket a healthy profit – minus capital gains tax of course. The steadyrise in interest rates appears to have had little impact on the purchasing power of lifestyle investorswanting to break into the Broadbeach market however – many of our sales have been on a cashbasis and those that are conditional upon finance have more than enough equity in place toobviate the need for such things as mortgage insurance. Certainly the mid-range apartmentpurchasers from [say] $450,000 t0 $750,000 are now more carefully factoring in their increasedPrinciple and Interest repayments into their medium to long term plans but clearly many of themare banking on the popularity of Broadbeach long term as a preferred holiday destination withinAustralia.Yet another sign of the desirability of Broadbeach as an investors’ hotspot !There is no doubt that one of the ongoing and unforeseen benefits of Covid-19 has been thereluctance of many Australians to resume their globe trotting travel ambitions in favour of‘staycations’ here in Australia and in particular on the Gold Coast. Recent statistics released byTravel Australia reflects this as Queensland leads the tourism recovery post Covid with the highestamount of travel and holiday dollars spent of all the states.But let’s not forget about the owner occupier purchasers with more and more buyers both youngand old and also retirees forgoing their aspirations for affordable house and land and insteadlooking to apartment living to combat the ongoing shortage of same – not to mention housingaffordability compared to apartments.

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Arguably the best beach on the Gold Coast with the best parksCentrality and accessIncredible restaurant and shopping optionsEntertainment and casino at your fingertipsFamily friendly, safe environmentEstablished and new apartment buildings and accommodation needs being catered for andfulfilledThis is increasingly evident in well established buildings like The Oracle, Beach Haven, Air, Verveand Carmel by the Sea where the owner occupier vs holiday lockup or holiday pool ownership % issteadily increasing as more and more people are electing to actually live full time in Broadbeach.And why wouldn’t they with everything it has to offer?1.2.3.4.5.6.The list could go on and on …As always - if you are considering selling or would simply like an updated appraisal on yourapartment here in Broadbeach please contact us at your earliest convenience. The next 3 monthsis traditionally the busiest selling period of the year.We trust that you find this report informative and helpful in deciding whether to hold, sell orexpand your lifestyle asset portfolio and move forward with new and exciting opportunities.Happy reading,KylieAnthony&

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1st October 2022 to31st December 2022 BROADBEACH SALES RESULTS BY BUILDINGDisclaimer: We have in preparing this information, used our best endeavours to ensure that the information contained hereinis true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies ormisstatements that may occur. All recipients should make their own enquiries to verify the information contained herein.This Broadbeach Apartment Insider Report provides an overview of sales that have taken place from the 1 October 2022– 31December 2022 by all agents. Broadbeach Luxury Sales is simply reporting the sales activity.

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IS NOW A GOOD TIME Rate rises, the rental crisis and the media constantly reporting on a sense of doom... It's hard not toget overwhelmed with the property market and the uncertainty with it all making a lot of people askthemselves "is now a good time to buy property?" To help navigate through the current market, wesat down with Jacinta Walker, Director of Walker Financial and one of the Gold Coast's most trustedmortgage brokers. Jacinta offers over 12-years of finance industry expertise, of which half was spent with Westpac as anaward-winning top performer. Leading up to this key role, she spent five years working as a PrivateClient Relationship Manager for a large privately owned mortgage business based on the Gold Coast.Prior to working in the finance sector, a successful career was forged in residential real estate givingher valuable insights into the dynamic property market. Here are her key insights...Property Values have Begun to DeclineFalling property values may make it easier for some to access a home loan, enabling buyers toprovide a larger deposit than they may have needed at the peak of the market. Lower property pricesalso reduces transition costs, such as stamp duty, and sees more properties qualify for first homebuyer schemes that have price caps.To add to this, thepropertytribune.com.au said "The geographic scope of the downturn in theAustralian housing market has broadened through October, with every single capital city and rest-of-state region – with the exception of South Australia – recording a decline in housing values.Overall, values fell -1.2% last month. The falls ranged from – 2% in Brisbane to just -0.2% in Perth.The rates of decline, however, remain diverse. The pace of falls has eased over the past two monthsacross Sydney and three months for Melbourne. On the other hand, it has gathered momentum inBrisbane where they are now falling the most rapidly of any capital city or rest-of-state region."

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Properties are taking longer to sellAs properties take longer to sell buyers have more time to organise their finance, complete duediligence on properties and check out what other properties are on the market. Similarly, as homestake longer to sell, vendors typically become more flexible on their pricing expectations.Domain.com.au recently stated "Houses are taking longer to sell in every capital city in Australia,except for Adelaide, with the average number of days on market for properties offered for sale byprivate treaty stretching up to 29 days more.Those days on market often depend on vendors’ expectations and, with price growth softening,some are taking a while to adjust. Buyers are able now to take their time and they’re not beingpushed into quick decisions by the fear of missing out and ending up buying houses they don’treally want or don’t suit them.”Lenders are offering competitive rates to new customersMortgage rates are higher, and are likely to continue rising further, however, average new variable rates are typically lower than what existing mortgage holders are paying, with rates still lower than they were in 2019.Getting out of the rental marketIt's an undeniably tough time for renters at the moment with rent listings at around one third below the previous five-year average. Australia's rental vacancy rate is a record low 1.2% and CoreLogic's rent value index rose a record 9.8% in the past year, meaning upcoming lease renewals could spell higher rents.So is now a good time to buy a property?If you do your homework, have a good agent and mortgage broker and know your limits, you canstay ahead of the market and own a property.Remember that all information is general in nature, so it's best to get in touch so we can discussproperties and prices (as well as finance). For any further information, email us atadmin@blsales.com.au.Mortgage Broker - Jacinta Walker | jacinta@walkerfinancial.com.au | 0449 875 811TO BUY PROPERTY?

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We are constantly asked for advice as to what provides the best return on lifestyle apartment investmentshere in Broadbeach.When Covid began Short Term Holiday Rental and Hotel guest traffic almost completely disappeared -investors swung across quickly to permanent tenants as a source of some income albeit at much reducedrates. Now that things are returning to comparative normality investors are moving back to the higherincome levels afforded via Short Term Holiday Rental (STHR) particularly in light of rising interest rates.As always it essentially comes down to two factors … [1] Owner usage and [2] Expected or required Returnon Investment (ROI).Many investors like the surety that a tenant provides as they don’t seek to stay in the apartmentthemselves for holidays. The banks also will ask for potential rental income appraisals as part of thelending process and it is these numbers upon which they will determine loan to value ratios andrepayment capability as long as the initial valuation stacks up as investing in an apartment in the heart ofBroadbeach in an apartment building complex is typically a long-term lifestyle investment.Accordingly, you need to consider first and foremost if you would like to use the apartment just for familyvacations or eventually move into the apartment as a second or primary residence. The answer to thisquestion will ultimately impact your ROI – the more owner usage the less the expected gross returns willbe. Owners who do not use the apartment themselves will sometimes opt for the surety of having apermanent tenant in place which gives a consistent income. However, returns can be much, much higherunder STHR agreements even though management fees, cleaning costs, linen hire, insurance and councilrates may be higher. Add this much higher rate of return to the other positive factor – that your investmentapartment is cleaned between each guest changeover allowing damage to be picked up quickly and youhave a ‘win, win’ scenario for investor owners.As interest rates move upwards along with either interest only or principal and interest loan repaymentsinvestors are seeking the very best potential returns in order to meet their commitments. In this case thereis no doubt that STHR is the way to go ! If you are re-considering your investment options then best to check the By Laws for your building re :STHR and then speak to your building manager. You can then email us and we will forward you ourrecommendations for property managers in Broadbeach to contact for your apartment.[ * Indicative average returns only by bedroom segment provided by Broadbeach Luxury Stays . Actual income potential will bedependant on market conditions, plan type and condition, level in building, ocean views and aspect / direction etc. ]HOW DO WE GETTHE BEST ROI ONOUR LIFESTYLEINVESTMENT ? HOLIDAY LETTING VS PERMANANT TENANTUsing The Oracle as a guide beloware some * approximate gross incomenumbers per annum ... ONE BEDROOM $70,000 to $90,000 TWO BEDROOM $80,000 to $120,000 THREE BEDROOM $125,000 to $160,000

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Kylie is a real estate professional of rare integrity, passion and dedication delivering outstandingresults for her clients over the past 15 years. Compassion and genuine empathy work in harmonywith her exceptional sales and negotiation skills to consistently exceed client’s expectations.Complimenting her extensive experience guiding clients through the purchase and sale ofproperties, her architectural awareness and marketing expertise add value and essentialknowledge to any campaign. Confident and ethical with a superb attention to detail and a local owner in The Oracle, Kylie is anoutstanding asset to anyone selling their apartment.Kylie Dowse - Director / LREAkylie@blsales.com.au0431 959 581GET TO KNOW KYLIEBEST REAL ESTATE TIP?FUN FACTWhen Kylie is not selling real estate she and her Husband Troy are raising their beautiful young family in the heart of Broadbeach. Kylie has three children, Nash (18), Lily (10) & Ruby (7)Invest in Marketing!A key factor in securing the best possible price for your property and ensuring you don't undersell it.Kylie had a successful Cake Decorating business specialising in wedding cakes and large scale sculpted themed birthday cakes.SPARE TIME?KYLIE DOWSE | LREA & CO-DIRECTORMEET

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Anthony has been in sales for over 35 years after beginning his working career as a school teacherand consultant.His qualifications and experience have helped him to develop excellent communication andinterpersonal skills and to become a top agent after an extensive career with international brands.Anthony and his wife, Cristine, own numerous properties in The Oracle where they live and alsorun a very successful Short Term Holiday Rental business - Broadbeach Luxury Stays.Anthony Quinn - Director / LREAanthony@blsales.com.au0431 959 581GET TO KNOW ANTHONYFAVOURITE HOLIDAY SPOT?BEST ADVICE RECIEVED?The Maldives! Anthony loves surfing so a holiday destination with good beaches, waves & weather is perfect for him!'Everyone defaults to their own self interest 'FAVOURITE DRINK?Bundaberg rum and cokeand doesn't mind a classic Margarita or fewANTHONY QUINN | LREA & CO-DIRECTORMEET

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Chloe heads up our buyer and seller interaction network.Having worked as a guest relations officer and accounts manager for a leading holiday apartmentbuilding in Broadbeach, Chloe has developed exceptional customer service skills and a drive tofurther her career in Broadbeach through real estate. Her youthful, calming, energetic and professional nature combined with her ambitious, confidentand positive attitude make her a valuable asset to our business and our clients. Chloe Ware - Sales Associate / LREAadmin@blsales.com.au0449 718 060GET TO KNOW CHLOEFAVOURITE PART OF THE DAY?FAVOURITE PART OF A TRANSACTION?Early mornings, Chloe feels most productive& loves the feeling of being awake beforeall the noise of the GCFAVOURITE HOBBY?Soccer! Having played from a youngage. Chloe loves the community aspectof a team sport.Settlement Day! It's so nice seeing all the workbehind a transaction come together &seeing our clients happyCHLOE WARE | LREA MEET

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We have sold over 12 properties in our time, and it goes without question that Kylie, and herteam at Broadbeach Luxury Sales are many many levels above the rest. Kylie is professional,very sharp, forward thinking, understands the market and has clearly built a strong clientelebase both on the buy and sell side to make a transaction like this pleasant. A descriptive wordwe would not use for our other 12 sales! We strongly recommend using her and can't thank herenough. Great experience. David & Yvonne Callan - SellerWHY WE DO,WHAT WE DO!With the help of Kylie's knowledge, expertise and understanding, she has helped us buy and sellproperty in Gold Coast. We will not go to anyone else but Kylie as she really cares andunderstands her clients and puts their needs and wants first and this is a trade that not everyonehas. Kylie will go above and beyond to try and help you out in any way possible. Peter and Snez Bozinovski - Seller & BuyerWe recently purchased a sky home in Broadbeach from Kylie and Anthony. The deal wasprocessed with efficiency and the purchase made so easy, giving us professional advice, wewere able to settle this property with ease, especially because we are interstate buyers. Kylies'knowledge of the building and the close proximity of all the facilities were so helpful. It was a great experience and we are loving our new property. Matt & Gabby Ramunno - BuyerKylie impressively delivers results exceeding expectation with style and grace. We haveemployed her services twice in 2 years and in each case her exceptional market knowledge,extensive connections and communication skills saw both apartments successfully sell not onlyquickly, but with pleasing margins of profit. Kylie's professional ease inspires immediateconfidence. Kylie will again be our choice for future transactions and comes with our highestrecommendation. John & Wendy Walsh - Seller

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Whether you're considering buying, selling, refinancing or simply just curiousabout what your property might be worth, you can be sure Broadbeach LuxurySales will provide you with an obligation free comprehensive overview of yourproperty and Broadbeach as a whole including the impacts other projects,infrastructure and properties may have on yours. We have broken down the process in 5 simple steps so you know what toexpect from us when you request your next appraisal: BLS PERSONALISEDAPPRAISAL PROCESS1SUBMIT YOUR PROPERTYAPPRAISAL REQUEST.Visit our website to submit yourFREE appraisal request oremail/phone us.2EXPECT A FOLLOW UP CALLSAME DAY.Kylie, Anthony or Chloe will bein touch to organise aconvenient time to inspect yourproperty or ask you a fewquestions over the phonedepending on the propertiescurrent use.INSPECT THE PROPERTY.We always prefer to inspect theproperty to gauge its condition,aspect and size. However, weunderstand this is not alwayspossible immediately. If we areunable to inspect the property, wewill ask you to provide a list of anyrecent improvements made, currentcondition and use of the property.This will assist us in ensuring theappraisal price we provide you isrelevant to the uniqueness of yourproperty. 3MEET WITH ONE OF OUR TEAM.Either in person or via Zoom call, we would love to speak with you face to faceabout your property in more detail, discuss the current market conditions,recent comparable sales and give you an estimated price range.4LEARN THE TRUE VALUE OF YOUR PROPERTY AND MAKE A DECISIONPost meeting with one of our team you will receive a comprehensive report viaemail and SMS relevant to your property. From here you can decide to sell withus, hold or keep looking.5

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FAQ'SHOW LONG WILL IT TAKE TO APPRAISE MY PROPERTY?You will receive a reply email or call the same day you request an appraisal. A value | price range willbe given within 24 hours of us inspecting the property or meeting with you to discuss more about yourproperty's upgrades and inclusions etc.HOW MUCH DOES A PROPERTY APPRAISAL COST?This is a complimentary obligation free service.WHAT DO YOU CONSIDER WHEN APPRAISING A PROPERTY?To ensure we provide you with an accurate gauge on your property's potential sale price in today'smarket we will consider your properties location, building and surrounding buildings / developmentsites, height/level, aspect and views, age, condition, whether the property is in original condition,partially refurbished or completely renovated, current use (short- or long-term rental VS owneroccupied or lock up), furnished or unfurnished. We then compare your property to recent comparablesales and those currently advertised for sale as well as consider market impacts and predictions at thetime that may affect the value of your property and others in the area over the next 45 - 60 days. HOW LONG IS A PROPERTY APPRAISAL VALID FOR?With the market conditions constantly changing as a result of rising interest rates at the moment werecommend revising your appraisal after 45 days.SHOULD I GET MORE THAN ONE APPRAISAL?This is a personal preference. if you're just looking to gauge an estimate of your properties value thenone appraisal should be enough if the appraisal is coming from a market leader in your suburb.However, if you are considering selling, you may feel more comfortable with 2 or 3 appraisals to helpdetermine a list price. but be aware of some agents who try to buy your listing by over inflating yourproperties value with minimal supportive evidence.WHAT DO I DO IF I'M READY TO SELL STRAIGHT AWAY?Call or email us to organise a time to discuss a bespoke listing sales strategy, suited to you and yourproperty. We could have your property online within approx. 3-10 days. CAN YOU APPRAISE A PROPERTY I'M LOOKING TO BUY?Yes we can, providing you have engaged our team as exclusive buyers' agents for your purchase.

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TIPS TO PREPARE YOUR APARTMENT FOR SALESET THE SCENEHire a property stylist and giveyour apartment extra appeal.CLEAN AND BRIGHTKeep balconies and windowsclean inside and out.FRESHEN UPnew carpet, lighting and freshlypainted walls add value andreduce the number of days onmarket.NEUTRAL VERSUS COLOURAdd a pop/accent colour withaccessories to go from drabto fab.CUT THE CLUTTERLess is more. Start packing early.FIX ITFrom leaking taps to a brokenlight bulb, make sure minorrepairs are taken care of. When showcasing your property to the market, it is important topresent it in ‘sell’ mode rather than ‘live’ mode. ‘Live’ mode refersto your property right now, as you enjoy living or staying in it. Thisincludes your photos and memorabilia, the cushions and throwsyou like and your favourite artworks and ornaments etc.‘Sell’ mode is presenting your home to your ideal buyer. It is ahome that is decluttered, spacious and styled in line with the typeof property and the target buyer (families, professionals, ordownsizers)To engage the buyer’s interest and attract the best price, aproperty must be presented in ‘sell’ mode because it allows themto imagine living there and envisage how their furniture andhomewares will look in the property. It’s no longer your propertybut theirs.We have an extensive network of property stylists and tradespeople available to assist in getting your property prepared forsale should the property need a little mini makeover or extra TLC.IS YOUR PROPERTY 'SELL' MODE READY ?

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CONCIERGE PARTNERSWhether you're looking for your next solicitor, conveyancer, financier, interior decorator,property manager or a window cleaner in Broadbeach, below is a list of the mostreferred and shared businesses by our clients. PRESTIGE PROPERTY LAWYERSSanju ModiP: 07 55 922 222M: 0408 927 250E: sanju@prestigepropertylawyers.com.auW: www.prestigepropertylawyers.com.auMARINO LAWBen MarinoP: 07 55 260 157M: 0407 333 815E: ben@marinolaw.com.auW: www.marinolaw.com.auREFRESH CARPET CLEANINGJason ConyardM: 0481 707 422E: refreshgoldcoastcarpet@gmail.comJACKSONS - JUST CLEAN ITJackson PerksSpecialises in Window and Pressure CleaningM: 0431 710 506W: www.justcleanit.com.auPARADISE INTERIORSKylie KimberleyE: kylie@paradiseinteriors.com.auM: 0451 512 151W: www.paradiseinteriors.com.auLOOK INTERIORS / STAGINGClaire BallM: 0419 643 290E: claire@lookinteriors.com.auW: www.lookpropertystyling.comBROADBEACH LUXURY STAYSCristine QuinnShort Term Holiday Management Alternative in Oracle BroadbeachM: 0433 608 900W: www.broadbeachluxurystays.com.auWALKER FINANCIALJacinta WalkerM: 0449 875 811E: jacinta@walkerfinancial.com.auW: www.walkerfinancial.com.auGOLDIE WINDOW CLEANINGIsaacSpecialises in Window CleaningM: 0424 101 106W: www.goldiewindowcleaning.com

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NEAREST STATE SCHOOLS:Broadbeach State School – 1km (2 minutes)Merrimac State High School – 3km (6 minutes)Surfers Paradise State School – 4km (10 minutes)Miami State High School – 4km (10 minutes)Miami State School – 4.2km (11 minutes)NEAREST PRIVATE SCHOOLS:Saint Vincent's Catholic Primary School - 4.1km (11 minutes)Emmanuel College - 8.6km (15 minutes)The Southport School (Boys) - 8.7km (17 minutes)Saint Hilda's (Girls) - 9.8km (19 minutes)All Saints Anglican College - 10km (18 minutes)Kings Christian College - 13km (20 minutes)Somerset College - 11km (20 minutes)NEAREST SHOPPING:Oasis shopping centre – middle of Broadbeach Pacific fair shopping centre – 900m (4 minutes)Harris Farm Markets – 3.7km (8 minutes)Homemaker Bundall – 5.9km (12 minutes)ENTERTAINMENT:Star Casino – 800m (3 minutes)Gold Coast Convention & Exhibition centre – 600m (3 minutes)Dracula’s – 1km (4 minutes)Home of the Arts (HOTA) – 5.8km (14 minutes) Sea World – 8.9km (19 minutes) Dreamworld – 31km (34 minutes)Wet'n'Wild - 24km (27 minutes)Movie World, Outback Spectacular and Top Golf - 23km (28 minutes)HOSPITALS:Pindara Private Hospital - 6.4km (14 minutes)Gold Coast University Hospital – 12km (24 minutes)Gold Coast Private Hospital – 12km (24 minutes)AIRPORTS:Gold Coast Airport – 19km (31 minutes)Brisbane Airport – 91km (1 hour & 10 minutes) DESTINATIONS:Brisbane CBD - 84km (1 hour & 9 minutes)Mount Tamborine - 36km (45 minutes)Byron Bay - 86km (1 hour & 9 minutes)LOCATION LOCATION From the centre of Broadbeach to...

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Oakberry Acai Bowls is a company designedto meet an unattended demand in the foodmarket: healthy fast food. With a mission toprovide a delicious, natural and nutritiousexperience quickly. NEW TAKEAWAY IN ORACLE BOULEVARDMr Potato creates a modern spin on your traditionalbaked potato. Prepared with the freshestingredients, customers have the ability to constructtheir loaded potato in whichever way they please.With a large selection of proteins, vegan &vegetarian options, customers are sure to besatisfied with the extensive range of options. Salads have copped a bad wrap on taste fortoo long. Banana Blossom reinvented theconventional side salad by combining Asian-inspired flavors with local, fresh ingredients,offering delicious and nourishing food that'smade to order.

Q2 FY23 BLS Apartment Insider

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