2011/2012 Movements in St Lucia Report Prepared by: Brett Andreassen 0421 723 713 brett@disher.com.au
www.disher.com.au
Welcome to the Movements in St Lucia Report. We hope you enjoy the information contained within and gain an insight in to the great place that St Lucia is to live!
Contents - Who is Brett Andreassen? - Comment on the market climate Houses - St Lucia Market Statistics: 3 Year Comparisons - St Lucia Market Statistics: 2011 to date - Residential Sales for 2011 - 2012
Apartments - St Lucia Market Statistics: 3 Year Comparisons - St Lucia Market Statistics: 2011 to date - Residential Sales for 2011 - 2012
- St Lucia’s Past and Present
I would like to thank my clients who assisted me in the information to put this report together.
Brett Andreassen 0421 723 713 brett@disher.com.au
Brett Andreassen - 2012 REIQ Salesperson of the Year - Finalist Achieving outstanding results is something that comes naturally to Brett Andreassen. He is committed to the best possible result, every time. Brett’s process-driven approach to selling has seen him establish a presence in the Inner Western suburbs, with clients consistently willing to engage Brett’s services, knowing that the sale will be handled with the highest professional service and attentiveness. Consistently monitored by other companies, Brett is always refining the sales process to give his clients the maximum opportunity at achieving the greatest price for their property, proven through the tremendous success of his “Special Preview Showings” and “Doug Disher Real Estate Quarterly Report”. From beginning to end and beyond, Brett understands the process of the real estate transaction, focusing on both the now and tomorrow, so that all clients, past – present – and future, are fully informed of the market and what to expect, from Brett’s comprehensive market knowledge. Brett is one of the few agents in Queensland asked to be interviewed on the international real estate audio program, Hot Topics. Brett’s results, experience and dedication to his clients, shows that it is no wonder more people trust him to sell their home.
“There is no shortcut to a great price, we have a process to extract the premium price in the marketplace at all times”
A small sample of testimonials Selling a property is always a stressful time, but when you are in NZ, trying to selling a tenanted house, you want to make sure that you have an agent that is more than capable. We selected Brett as our chosen agent after considering going with our managing agent. Although we felt they were capable of doing the job, we believed Brett had the right strategy to maximize price. And he definitely proved us right! Communication was a big part of the sale, and we were never left wondering what was happening, as he let us know via SMS, email and calls. Thank you so much for helping us out in a very stressful time. Meagan & Ian Roberts—Camp St Our property had been on the market for over 4 months with a big name company in Paddington, without a single offer. We thought that going with a large company would give us more exposure and get the property sold faster. We found out that this wasn't the case and didn't hear from them for two weeks! We sought Brett out as he had sold a couple of properties like ours while we were languishing on the market. Within 2 weeks Brett has secured a buyer, negotiated a good price in the current market and showed us why dealing with a specialist was well worth the investment. Thank you for saving us Brett! Vicki West—Bayliss St Thank you so much for keeping a cool head when everything seemed to be crashing around our ears! When we first sat down with you, you gave us a clear, concise plan to get the property sold. In three weeks, we had a contract that looked smooth. But of course, things went awry. An average building and pest inspection unearthed some problems and an 'over-enthusiastic' solicitor didn't help matters. But some cool negotiating by you kept everything together and thankfully we saw unconditional. Thank you so much for giving the right advice and seeing the larger picture. Don MacLean—Market St
Comment on the Market Climate The last 12 months can be described simply as a continuation of the 12 months prior to that. We have not seen the rebound in prices that many people have been hoping for, and the overall number of sales has dropped in most suburbs. Many people would deem this to be a buyers market, however, I must disagree. The drop in the number of sales has been counteracted by the drop in the average amount of properties on the market throughout the year, as sellers who were thinking about moving put their plans off or chose to renovate instead of upgrading. The amount of forced sales, in our area, are lower than what other areas are experiencing. External factors are having an impact on the real estate market, particularly confidence. The start of each month is spent by people commentating on rates, and will the banks pass on the full amount. In a strange way, we find that when rates drop, people hold off from making purchasing decisions, but when they increase, buyers move faster to secure a property. The change in government at the state level has brought some welcome relief for the property industry, with the rollback of the unsustainable sustainability declarations and the reintroduction of the stamp duty concession on the principle place of residence. This should see some confidence instilled in the upgrading market, as the savings may push people to take advantage of the concessions. Moving forward over the next 12 months, I believe it will be a continuation of the last 2 years. Until confidence returns to the market, we won't see the massive increase in prices that we were used to over the last decade. Getting the marketing and pricing right is critical to not only getting the property sold, but ensuring you don't undersell the home. The Inner West is not bulletproof, but when comparing the market we are in to others in Queensland, we are in a good place. The basic infrastructure is always going to be there, and the rental market underpinned by the university and our proximity to the CBD, we know this is one of the best places to live or invest across Australia.
Brett Andreassen June 2012
St Lucia Market Comparison: 3 Years How many houses have sold in St Lucia ?
How many houses are for sale in St Lucia today?
2009/10
67
2010/11
42
2011/12
27
1st July 2011
30
As of 1st June
30
2009/10
$4,775,000
What was the highest house sale price in St Lucia? 2010/11
$2,350,000
2011/12
$1,900,000
2009/10
$586,500
2010/11
$635,000
2011/12
$585,000
2009/10
$1,127,019
2010/11
$1,102,529
2011/12
$1,047,241
2009/10
Swann Road
2010/11
Ninth Ave
2011/12
Swann Road
2009/10
$490
2010/11
$530
2011/12
$560
What was the lowest house sale price in St Lucia?
What was the average sale price in St Lucia?
Which street has had the most sales in St Lucia?
What was the average weekly rental amount for houses in St Lucia?
*Figures correct as of the 1st June 2012.
St Lucia Market Statistics - Houses
Did you know? In a recent survey conducted by rebonline.com.au on buyers dislikes, it revealed that - 75% of buyers were greatly deterred by properties without a price or guide. - 72% of buyers would overlook a property if it didn’t have an address - 68% of buyers would overlook a property if it was advertised as offers over. Why would you miss out on most of your market by doing those things?
Movements in Auchenflower - Doug Disher Real Estate
St Lucia Market Comparison: 3 Years How many apartments have sold in St Lucia ?
How many apartments are for sale in St Lucia?
What was the highest apartment sale price in St Lucia?
What was the lowest apartment sale price in St Lucia?
What was the average sale price in St Lucia?
Which street has had the most sales in St Lucia?
What was the average weekly rental amount for apartments in St Lucia?
*Figures correct as of the 1st June 2012. Figures include townhouses
2009/10
128
2010/11
148
2011/12
64
1st July 2011
63
As of 1st June
52
2009/10
$4,350,000
2010/11
$4,350,000
2011/12
$910,000
2009/10
$340,000
2010/11
$289,000
2011/12
$250,000
2009/10
$597,597
2010/11
$539,322
2011/12
$451,121
2009/10
Durham St
2010/11
Bellevue Tce
2011/12
Carmody Rd
2009/10
$390
2010/11
$410
2011/12
$410
St Lucia Market Statistics - Apartments
History of St Lucia Farming was begun at St Lucia in the early 1850s, and Darts sugar mill operated there from 1865 until flooding by the Brisbane River in 1893. The Ironside primary school was opened in 1870. In 1883 there was an unsuccessful attempt to sell the subdivided St Lucia sugar plantation estate, named after the Caribbean island of St Lucia where Alexander Wilson was born. Wilson purchased the sugar plantation and named it after his birthplace in 1882. The area was considered to be an outlying part of Indooroopilly, and a proposed bridge from West End in 1885 did not improve its subdivisional potential. Some of the 1880s preUniversity roads are still recognisable: St Lucia Road (Sir Fred Schonell Drive), Carmody Road, Mill Road, Coronation Drive (Hawken Drive) and the Esplanade. St Lucia remained a rural district with a few farmhouses. Cairngorm (c1900), a verandahed Queenslander is in the university grounds and is the Alumni Centre. In 1926 the Mayne family provided 60,000 pounds for the purchase of a site for a new university, to replace the Old Government House accommodation in George Street, Brisbane. In 1927 111 ha west of Mill Road were resumed by the Government, and site works began about ten years later. About one third of the site, on the northern side adjoining the Brisbane River, was below the 1893 flood level (and again in 1973). The new university building, in an Art Deco style, was constructed during 1937-40, to a design by the architects Hennessy and Hennessy. The dominant material is Helidon sandstone, with other Queensland stones and timbers for internal fittings. During World War II the building was used for headquarters for the Allied Land Forces, South West Pacific. Occupation for academic purposes began in 1946, and by the 1970s many other buildings had been erected.
What’s In A Name? Sandford Street - Named after Dr Sandford Jackson Medical Superintendent at Brisbane Hospital, private surgeon, and early cancer specialist lived with his family at Glenolive in the early 1900s. Guyatt Park - headed by David Guyatt, lived in Sir Fred Schonell Drive and Ryans Road from 1889, and were well known in Brisbane for their involvement in theatre and the Methodist church over many years. Carr Street - Named after one of the early farmers, George Carr, who settled the area in 1857. Carmody Road - In 1857, John Carmody purchased Portion 15: 22 acres at the tip of the peninsula. Ironside Street - Named to honour Mrs Lydia Matilda Ironside, the wife of the land developer William Wilson, who named his estate after his place of birth in the West Indies. Depper Street - Named after Frederick Depper, who lived on the corner of the now Ryans Road and Depper Street
Picnic on the Riverbank of St Lucia 1908
Circa 1920
*All information contained in this report is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it.