Mark Diamond | FY21 Tarragindi Suburb Report

TARRAGINDI FY21 | Suburb Report

Mark Diamond

Who saw it coming?

Wow, what a roller coaster end to 2020/21! A number of economists predicted a downturn, prices to drop by as much as 30%, and days on market to blow out, they could not have been more wrong.

At the turn of the year, local property demand went through the roof. Stock levels simply could not keep up with buyer interest. Many factors may have fuelled this property boom, such as record low interest rates (cash rate of 0.1%), international borders being closed (over 700,000 ex-pats returning to Australia), interstate migration accelerating due to state lockdowns, just to name a few. The main reason that sticks out most in my mind is the “fear of missing out” (FOMO) factor. Word of mouth spreading like wildfire, with statements such as “if we don’t buy now then we will never be able to afford this suburb”.

Auction clearance rates rose to as high as 89% in Brisbane on some weekends, with our own office going three straight months with a 100% clearance rate.

Average days on market in our local suburb of Tarragindi dropped below 30 days, many houses only requiring one or two weekends to find a buyer willing to pay a premium price.

The top end market in Tarragindi has really began to heat up now, with several sales recorded over $2 million at the end of the year. The predictions for the new financial year would see this number triple. 73 sales were recorded over $1 million, and the entry level pricing for a post war 3 bedroom home has started to cross over this threshold as well.

The residents of Tarragindi have come together and supported each other during these unprecedented times. I am so proud to be a member of our local community and I wish you all the very best for the financial year ahead.

Mark Diamond 0432 334 767 mark.diamond@atlas.com.au

MEET TEAM DIAMOND

Mark Diamond Lead Sales Agent

Originally from Ireland, Mark Diamond moved to Brisbane in 2012 and has over 9 years of experience in Inner South real estate. An accomplished sales agent with a Master’s degree in Real Estate Investment and Development, he specialises in the Tarragindi area and is the go-to expert for those looking to sell, buy or develop.

He is down-to-earth and a strong communicator with an in-depth knowledge of the latest real estate trends. Mark is dedicated to exceptional service and results and believes connections are just as important as transactions. His proven track record and glowing testimonials speak for themselves.

0432 334 767 mark.diamond@atlas.com.au

Eve Andrews Sales Associate

With over 6 years of experience, Eve Andrews went straight into real estate from high school and has already developed skills and knowledge to perform at a high standard.

Part of a duo along, she is a Sales Associate to Mark Diamond and specialises in residential property in the Inner East/South area of Brisbane.

Eve is slowly but surely making her name for herself in her chosen career. She goes above and beyond to have meaningful conversations with clients and show how much she cares. Eve strives to attain the best results for her team and is proud to have played an integral role in Mark’s impressive achievements. She feels motivated by her boss on a daily basis to provide and exceptional level of service for both vendors and buyers.

eve.andrews@atlas.com.au

MARKS TARRAGINDI SALES OVER $1MIL

TARRAGINDI SALES OVER $1MIL

Address

Bed Bath Car Sqm

Sold price

Address

Bed Bath Car Sqm

Sold price

12 Strathfield Street

3

2

1

607

$1,200,000

7 Toohey Road

7

4

2

405

$1,185,000

32 Lana Street

4

1

1

751

$1,115,000

117 Ellington Street

5

2

2

405

$1,375,000

104 Ellington Street

3

1

1

708

$1,150,000

295 Toohey Road

5

3

2

668

$1,100,000

11 Rochdale Avenue

6

3

5

810

$1,550,000

96 Monash Road

4

2

2

868

$1,202,033

107 Fingal Street

5

3

2

405

$1,690,000

91 Monash Road

4

3

2

622

$1,335,000

35 Salkeld Street

4

2

1

658

$1,066,250

3

1

4

1,214

$1,200,000

6 Connah Street

5

3

2

405

$1,275,000

79 Laura Street

4

3

2

409

$1,365,000

90 Laura Street

3

3

2

607

$1,150,000

32 Percy Street

4

2

2

486

$1,075,000

54 Lutzow Street

5

3

2

809

$1,380,000

11 Esther Street

5

2

2

650

$1,040,000

137 Pring Street

5

3

2

505

$1,850,000

26 Fingal Street

4

3

2

405

$1,475,000

82 Effingham Street

5

3

4

405

$1,510,000

92 Shaftesbury Street

4

3

2

405

$1,468,000

32 Gilmore Street

6

2

1

665

$1,200,000

4 3 5 4 4 4 4 5 3 4 5 4 2 4 3 5 4 5 3 4 4 3 4 3

2 2 4 2 2 3 3 4 1 4 3 3 1 3 1 2 3 3 1 2 2 1 2 3

1 2 3 2 4 2 2 3 2 2 2 2

86 Laura Street

135 Pring Street

5

3

2

506

$1,900,000

5

2

2

607

$1,375,000

27 Thornycroft Street

4

3

2

419

$1,475,000

66 Lutzow Streer

5

3

2

405

$1,273,000

81 Tennessee Avenue

5

2

2

554

$1,062,000

5 2 4 3 5

3 2 3 1 3

2

14 Vista Avenue

18a Kenneth Street

4

3

2

405

$1,295,000

64 Lutzow Street

5

3

2

405

$1,250,000

17 Cropthorne Street 126 Pring Street 34 Pring Street 55 Willis Street 4 Bourrelet Street 92 Effingham Street 49 Ellington Street 12 Glenaplin Avenue 75 Fingal Street 6 Windmill Street 5 Askew Street 23 Passchendaele Street 44 Orford Street 32 Pope Street 79 Lutzow Street 129 Pring Street 170 Tarragindi Road 27 Arkwright Street 63 Pope Street 3/43 Pallaranda Street 25 Bramston Street 2 Belvedere Street 87 Denham Terrace 42 Windmill Street 21a Connah Street 357a Toohey Road 42 Gilmore Street 126a Laura Street 274 Toohey Road 154 Monash Road 21 Connah Street 45 Weal Avenue 95 Lutzow Street 21 Weal Avenue 33 Prior Street 76 Andrew Avenue 74 Chamberlain Street 25 Tamarang Street 158 Prior Street 34 Pring Street 8 Arkwright Street 75 Tarragindi Road 135 Bramston Street

5 4 6 3 5 5 4 6 5 6 5 5

3 3 6 2 3 2 3 4 4 4 3 2

2 2 6 2 2 2 2 2 3 3 2 2

$1,120,000 $2,325,000 $1,290,000 $1,020,000 $1,085,000 $1,250,000 $1,925,000 $2,090,000 $1,000,000 $1,550,000 $1,090,000 $1,173,000 $1,022,000 $1,510,000 $1,090,000 $1,631,000 $1,275,000 $1,556,600 $1,083,000 $1,050,000 $1,360,000 $1,126,700 $1,210,000 $1,130,000 $1,910,000 $1,150,000 $1,285,000 $1,575,000 $1,010,000 $1,350,000 $1,460,000 $1,320,000 $1,650,000 $2,050,000 $1,010,000 $1,300,000 $1,350,000 $1,075,000 $1,428,888 $1,290,000 $1,515,000 $1,370,000 $1,875,000

Powered by Core Logic

2 2 2 2 2 2 2 3 3 2 2

2 5 2

602 625 1,012 403 703 425 405 632 405 597 607 615 607 607 607 1,012 553 607 551 412 1,012 817 789 807 604 506 810 405 1,252 731 405 632 405 836 685 607 604 1,499 674 1,012 607 728 1,012

FY 20/21 TARRAGINDI INSIGHTS

30

73

41%

Marks Tarragindi sales over $1mil

Total Tarragindi sales over $1mil

Marks market share in sales over $1mil

47

215

22%

Marks total sales in Tarragindi

Total sales in Tarragindi

Marks total market share in Tarragindi

13

31

Marks average days on market

Tarragindi average days on market

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NOTABLE SALES

66 Monash Road Tarragindi Sold for $891,000 Having taken their property off the market after an unsuccessful campaign a couple of years prior, the sellers were extremely nervous about selling again. Their highest offer with the previous agency was $700,000 but they knew their home could crack $800,000 with the right strategy and campaign. With 119 groups attending the first weekend of open homes and 13 offers on the table, together we sold their home for $891,000.

41 Strathfield Street Tarragindi Sold for $1,180,00 Selling before the auction was extremely tempting for the owner who received 5 offers after the first open home. The highest offer made was $1,040,000 but the owner was very excited to see the auction through. With 9 registered bidders, the courier mail film crew and a huge, excited crowd, the home sold under the hammer for $1,180,000.

HEAR WHAT MY CLIENTS HAVE TO SAY

Mark was absolutely brilliant in selling our home. What I appreciated most was his candour - he was very honest with us at critical junctures of our house sale. Best of all - he got us a great price, with the house under contract only 2 weeks after listing.

Wouldn’t hesitate to recommend Mark to anyone, nor to ask him to sell our next house.

If you use Mark, you can expect a trustworthy, consummate professional real estate agent with excellent communication skills. Thank you Mark!

Vendor | Tarragindi House

In January 2021 I bought a house through Mark Diamond. I was so impressed by Mark’s professional and fair approach to the deal that I had no hesitation in contacting Mark when I decided to sell my house in the same neighbourhood in March 2021.

Once again Mark was the epitome of a calm, reasonable and very fair realtor. The sale was complicated and could have collapsed several times but Mark continued to be understanding and calm throughout all the negotiations. I highly recommend Mark!

Vendor | Tarragindi House

Mark was very easy to deal with, highly responsive and seemingly on call 24/7! We were buying from interstate and Mark took the time to do a virtual inspection with us as well as arranging for further inspections after we’d bought the property so that we could see it in person.

Buyer | Tarragindi House

Mark was an ultimate professional, respectful and facilitated excellent communication between the vendor and us as the purchaser, right throughout the negotiations and settlement period.

Buyer | Tarragindi House

MARKS TARRAGINDI SALES OVER $1MIL

Mark Diamond 0432 334 767 mark.diamond@atlas.com.au

DiamondRealEstateAtlas @markdiamondirish atlas.com.au Atlas by LJ Hooker