Taringa Apartment Report

Autumn 2014

Taringa Apartments with Elliott Dean Market Overview for the third quarter :: October - December 2013

 

with Elliott Dean

Street Sale Date Summary Sale Price

42 Waverley Road 09/10/2013 2 2 1 $430,000

59 Alpha Street 13/10/2013 2 1 1 $397,000

32 Swann Road 15/10/2013 3 2 3 $786,000

20 Campbell Street 15/10/2013 3 2 2 $765,000

60 Beatrice Street 21/10/2013 2 2 2 $421,150

2 Waverley Road 22/10/2013 1 1 1 $245,000

10 Montrose Road 03/11/2013 3 2 2 $500,000

16 Ada Street 05/11/2013 2 2 1 $450,500

33 Broomfield Street 14/11/2013 3 2 2 $550,000

31 Harrys Road 21/11/2013 2 1 1 $360,000

46 Cunningham Street 25/11/2013 3 2 2 $530,000

104 Gailey Road 26/11/2013 2 1 1 $335,000

22 Waverley Road 27/11/2013 2 1 1 $362,000

59 Alpha Street 27/11/2013 2 2 2 $425,000

66 Waverley Road 04/12/2013 2 2 1 $435,000

9 Waverley Road 15/12/2013 2 1 1 $399,000

38 Alpha Street 30/12/2013 2 2 1 $420,000

35 Morrow Street 31/12/2013 3 2 1 $596,000

Apartment Sales

67%  of  properties  SOLD  in  our  market  during  the  last  3  months  were  between  $300,000  -­‐  $500,000.    

$15,409,417  total  value  of  sales  in  the  3  months.  

18%  of  properties  SOLD  in  our  market  during  the  last  3  moths  were  above  $500,000.  

24%  of  residents  fully  own  their  property.      

All  Data  contained  in  this  report  is  sourced  from  Property  Data  Solutions.    

with Elliott Dean  

   

                                                         

 Fast Figures

How many apartments have been sold in the last three months? 37

How many apartments are for sale in Taringa today? 64 What is the highest apartment sales price over the last three months? $786,000 What is the lowest apartment sales price over the last three months? $245,000 What is the median apartment sales price over the last three months? $399,000

What is the street(s) with the most sales in the past three months? Waverley Road (8)

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Red Hot Brisbane Leads Property Pack  

Elliott Dean Taringa Apartment Specialist 0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au

SOURCE: The Courier-Mail, Michelle Hele, 14/02/2014 BRISBANE property prices are tipped to outperform price growth in all other capital cities this year. While Brisbane values have been soft for some time, the city is tipped to be ahead of the pack in 2014, according to the latest National Australia Bank residential property survey. It predicts an increase in house values of 6.4 per cent this year, while the average capital city house price is tipped to rise by 6 per cent. NAB Capital City House Price Forecasts 2014 Brisbane – 6.4% Perth – 6.3% Sydney – 6% Melbourne – 4.6% Adelaide – 2.1% Capital city average – 6% Source: NAB NAB retail general manager Dion Crowe said the property industry had indicated the housing market would lift further, particularly the lower end and top end.

“Owner occupiers continue to dominate the established housing market, driven by upgraders and we expect this trend to continue over the next two years,’’ he said. He said their predictions of price growth were driven by continued low interest rates, population growth and longstanding supply issues, plus foreign buying activity. By Michelle Hele (Courier-Mail). Full article www.couriermail.com “Inner city houses remain the most sought after in the established property