When Can Tugun Apartment Sales Rival House Prices?

Tugun owners considering selling should not assume that detached houses automatically sit above apartments on price. Recent transactions show that quality apartments can achieve figures similar to, or even above, some house sales.

The three-bedroom house at 12 Marion Street, on approximately 562m², sold for $1.59 million on 27 August 2026. Two other houses sold during the period at 22 San Michele Street and 18 Armina Court, although their sale prices were withheld.

Apartment results were particularly interesting. The two-bedroom apartment at 4/10 Elizabeth Street sold for $1.5 million on 3 September, while the three-bedroom apartment at 2/46 O'Connor Street achieved $1.65 million on 31 August. Another two-bedroom apartment at 17/437 Golden Four Drive sold for $1.305 million on 20 August.

For Tugun sellers, this demonstrates why property valuation cannot simply be divided into “houses are worth more” and “units are worth less”. Location within the suburb, floor area, outlook, parking, renovation, land and overall property quality all affect the comparison.

A house should primarily be measured against similar houses, while an apartment appraisal should focus on comparable apartment stock.

Frequently Asked Questions

What did 12 Marion Street sell for?

The three-bedroom house sold for $1.59 million.

What were the recent apartment results?

The cited apartments ranged from $1.305 million to $1.65 million.

Can apartment prices exceed house prices?

Yes, depending on the particular properties being compared.

Does coastal position matter?

Position can influence which sales buyers regard as comparable.

For direct advice on preparing your property for sale in Tugun, speak with:

Steven Norton – 0488 496 777
Lawrence Norton – 0415 279 807
nortons.re@gmail.com
www.nortonsrealestate.com

Disclaimer:
This article is general information only and does not constitute legal, financial, taxation, planning, valuation, or property advice. Any commentary about likely buyer behaviour, campaign strategy, pricing, negotiation, or sale outcomes is general in nature and may not apply to your property or circumstances. You should obtain independent professional advice and a tailored appraisal before making any property decision.