marketplaceproudly presented by matthew jabs & teamplace estate agents

2015, QUARTERLY REPORT SOLD

KEDRON PROPERTY

As a real estate agent you are expected to know what is happening in the market place. What homes are selling? Where are the buyers looking? How is all the talk about Melbourne and Sydney markets impacting Brisbane? Are overseas buyers and investors snapping up all the good homes? How much will house prices go up this year? The usual assortment of questions.

So, it would probably come as no surprise that I spend a fair amount of time answering

them, talking about real estate, effectively covering off on these very questions and in some cases concerns.

However, instead of sharing the opinion and conjecture, of subscribing to some of the hype that is out there, I prefer to share the facts, the truth of the situation.

Fact - Brisbanes level of capital growth remains one of the most stable and consistent across the capital cities within Australia and has been so since 2011.

Fact - Annual capital growth rates in Brisbane typically hover in the 3-4% range which is confirmed by the Ten Year capital growth rate in Brisbane being 3.7% for houses, 3.4% for units or 3.6% combined.

Stable and consistent. If nothing else, Brisbane is a market that is less dominated by speculation than some southern markets. The conversations we are having indicate that for the significant majority, people invest, buy and sell because the market is stable and resilient.

There is a lot to consider and if you would like a longer, more robust discussion about property, your move and our local market - then call or email anytime.

All the best and enjoy the read.

MATTHEW JABS 0422 294 272matthewjabs@eplace.com.au

WELCOME to our latest report on PROPERTY SALES for KEDRON

PAST QUARTER 2014

HOW many properties SOLD during the quarter? 29 228HOW many properties are CURRENTLY on the market? 57 NAWHAT was the MEDIAN price paid during the quarter? $575,000 $604,500WHAT was the highest SOLD price during the quarter? $1,100,000 $5,950,000WHAT was the lowest SOLD price during the quarter? $220,000 $205,000HOW much was the VALUE of all SOLD properties during the quarter? $17.7 Million $160.9 MillionWHICH street saw the MOST sales during the quarter? Boothby St Gallagher Tce

recent house sales activity Kedron

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recent house sales activityKedron

18 Edinburgh Castle Road$425,000406m2

- - -

Kedron29 Jardine Street$470,000506m2

3 1 1

Kedron4 Exley Street$478,000615m2

3 1 -

Kedron79 Boothby Street$505,000405m2

3 1 2

Kedron58 Mawson Street$520,000607m2

3 1 -

Kedron5 Glenhaven Street$550,000632m2

3 1 1

Kedron109 Kitchener Road$552,000554m2

3 1 2

Kedron48 Seabrook Street$555,000405m2

2 1 2

Kedron9 Tanimbla Street$560,000607m2

3 1 2

Kedron55 Ramsay Street$575,000524m2

4 1 1

Kedron23 Achilles Street$575,000541m2

3 2 2

Kedron25 Armentieres Street$595,000405m2

3 2 2

Kedron14 Twelfth Avenue$610,000405m2

2 1 2

Kedron114 Turner Road$677,500405m2

3 2 2

Kedron38 Glenfern Avenue$702,000556m2

3 1 1

Kedron12 Caithness Street$748,000675m2

2 2 2

Kedron63 Seventh Avenue$765,000607m2

3 1 2

Kedron26 Jardine Street$822,500787m2

4 2 2

Kedron22 Scott Street$878,000458m2

4 3 2

Kedron17 Araluen Street$905,000830m2

3 1 1

Kedron18 Shackleton Street$920,000425m2

4 2 2

Kedron7 Sadlier Street$1,050,000491m2

6 2 -

Kedron11 Sadlier Street$1,050,000810m2

6 2 -

Kedron50 Somerset Road$1,100,000810m2

4 3 2

ABOUT this market place report. The above table and the following pages showcase recent sales activity, for confirmed settled sales for Kedron that were on record for the months of July, August and September 2015. In compiling this report the author has relied upon information supplied by a number of external sources. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of the publication by the author. The transactions reported are for settled transactions reported during the period and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Matthew Jabs and Place by DataChurp.

KEDRON: such a great PLACE TO LIVEA mere eight kilometres from the centre of Brisbane and immediately to the north of Lutwyche and Gordon Park lies the residential enclave of Kedron.

Home to just under 9,000 residents the area is synonymous with a relaxed lifestyle thanks to the abundance of local parkland and great amenities, shops and dining options.

Up until the mid 1800s the area was known for its thick bush and great selection of quality timber. However in the 1850s farm lots along Kedron Brook where surveyed and one of the earliest locals was Judge Alfred Lutwyche.

Not long afterwards gold was discovered in Gympie and a bridge was constructed over Kedron Brook to offer an alternative access to the north - this route would later come to be known as Gympie Road and as the suburb developed and evolved much of activity was centred on this corridor.

As is often the case with developing areas the suburb really started to take shape with the construction of local hotels - Edinburgh Castle and

Kedron Park Hotel.

As the population of Queensland and Brisbane swelled, Kedron became a popular inner north suburb and remains so today. In terms of housing, the area is home to an interesting mixture of pre-war and inter-war homes, modern houses, town houses and apartments.

The majority of homes in the area are houses (67%) with apartments making up some 24% and the balance being townhouses or semi-detached dwellings.

Most houses in the area are comprised of 3 bedrooms with a little over 20% having 4 or more bedrooms. The majority of homes in the area are owner occupied but there is a significant proportion of local residents renting.

With new infrastructure making access to the area easy and the continuing urbanisation of some northern neighbours, Kedron is a great place to invest and an even better place to call home.

64+74+44+54+48+34+41+64+73+31number of house sales per year in kedron

192 22

2

132 1

61

143

101 12

3

217

193

93

2006

2007

2008

2009

2010

2011

2012

2013

2014

ytd

201

5

2+ 1 + 22 + 27 + 32 + 16 + J

house sales by price

percentage %

less than $500,000

$500,001 to $600,000

$600,001 to $750,000

$750,001 to $1million

greater than $1.25million

$1million to $1.25million

last 12 months of house sales by price range in kedron

70 MAWSON STREET,KEDRON

FOR SALE

Located in the popular suburb of Kedron, this immaculate post war character home will suit a buyer looking to move in with nothing to do except enjoy the elevated North facing position & proximity to all the amenities Kedron has to offer. Set on a 617m2 block of land the property has an open plan traditional feel whilst being fully renovated & well maintained.

10 PATOMAR STREET,KEDRON

FOR SALE

Presenting this original timber home in a quiet street surrounded by new and renovated properties, this neat and tidy two bedroom home with separate study, would suit buyers looking to secure an entry level home on a price 587m2 parcel of land within walking distance to popular private schools, whilst being only 7 kilometres to the CBD.

1-4/15 BRADLEY AVENUE,KEDRON

FOR SALE

This townhouse is the perfect setting for the discerning buyer looking for a chic home that capitalises on its spacious & private layout. The minimalist design cleverly utilises the space, maximising the natural light that is captured by the high ceilings. (First home buyers may be eligible to receive the Governments Building Boost Grant).

61 BROOKFIELD ROAD,KEDRON

FOR SALE

Nestled on a corner block this open plan spacious 2 bedroom home is perfect for the investor or someone looking to get into the market. With beautiful timber floors throughout & high ceilings this home boasts a large open plan layout with a seamless flow from living to dining & separate kitchen. Capturing cool summer breezes is your well-appointed verandah with room to entertain. This is a great opportunity to secure this townhouse alternative in one of Brisbanes hottest suburbs.

GREAT SERVICE every step of the way that you won't get from anyone else.

AN AGENT WHO KNOWS what's at stake & what that means in todays marketplace

EXPERT KNOWLEDGE of your local area so that when it comes time to decide the decision is clear.

MATTHEW JABS0422 294 272 matthewjabs@eplace.com.au

KEDRON Property

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marketplaceproudly presented by matthew jabs & teamplace estate agents

2015, QUARTERLY REPORTISSUE#3, 2015