Damien Misso Report 16th Edition Autumn Outlook 2017

Bulimba Balmoral Hawthorne

Cover image by Barry Tuton

Damien Misso Report 16TH EDITION — AUTUMN OUTLOOK 2017

Woody Point · Clontarf · Margate · Redcliffe · Scarborough · Newport · Kippa-Ring · Rothwell

Finally!

Welcome to the latest edition of my Market Report As we launch into a new year it is hard to miss the newspaper articles and blog posts forecasting what will happen to the real estate market in 2017. There are certainly a lot of opinions, statistics and commentary out there. In fact, if you google search for it you will find about 3.8 million indexed results to read through. Now, that’s a lot of reading and if you are trying to work out if moving this year is the best for you the prospect of gathering some more market information can not only be daunting but also it downright confusing.

For the sake of clarity and to put it simply, the local real estate market on the peninsula remains stable. House price growth throughout 2016 was modest but trended up throughout the year for most suburbs and over the course of the last ten years, the average change each year in the median house price has been approximately five per cent. There are several reasons why the area has maintained such a stable level of growth for the last decade and given the current sentiment out there with sellers, buyers, banks and politics, it is unlikely that we see a huge swing of change anytime soon.

But while this consistency offers a level of confidence and certainty having a well thought out plan will make your move, should you chose to make one, even more rewarding. That being said, if you would like to see how I can help and learn more specifically about the market that will impact your move – then give me a call.

Damien Misso Residential Property Consultant 0403 044 424 ¡ Damien@weloveredcliffe.com.au Market Report data for the last six months.

I was lucky enough to ride on the 1st train from Kippa-Ring on October 3, 2016 and managed to snap this photo with Prime Minister Malcolm Turnbull & the Federal Member for Petrie, Luke Howarth in the background.

A snapshot of property sales for 4019 during the period HIGHEST HOUSE SALE PRICE $1,165,000

LOWEST HOUSE SALE PRICE $320,000

HOUSE AUCTION CLEARANCE RATE 21.42%

AVERAGE DAYS ON MARKET 79 - HOUSE

HIGHEST UNIT SALE PRICE $611,000

LOWEST UNIT SALE PRICE $210,000

UNIT AUCTION CLEARANCE RATE N/A

AVERAGE DAYS ON MARKET 115 - UNIT

25 Bayview Terrace $ 970,000

3-7 Robert Street $1,165,000

13/3 Angus Street $ 611,000 17 Gardenia Street $509,500

4 Joanna Street $584,000

38 Alice Street $462,500 31 Elizabeth Avenue $320,000

36 Snook Street $395,000

8/3 Thompson Crescent $210,000

A snapshot of property sales for 4020 during the period HIGHEST HOUSE SALE PRICE $1,345,000

LOWEST HOUSE SALE PRICE $300,000

HOUSE AUCTION CLEARANCE RATE 26.08%

AVERAGE DAYS ON MARKET 88 - HOUSE

HIGHEST UNIT SALE PRICE $1,030,000

LOWEST UNIT SALE PRICE $203,000

UNIT AUCTION CLEARANCE RATE N/A

AVERAGE DAYS ON MARKET 99 - UNIT

113 Landsborough Avenue $1,030,000

45 Thurecht Parade $ 1,345,000

30 Bunton Street $815,000 48 Roma Street $562,500

10 Alexander Street $645,000

68 Eversleigh Road $505,000 12 Garnet Street $300,000

42 Donkin Street $452,500

4/51 Flinders Parade $203,000

A snapshot of property sales for 4021 during the period HIGHEST HOUSE SALE PRICE $612,000

LOWEST HOUSE SALE PRICE $299,000

HOUSE AUCTION CLEARANCE RATE 16.67%

AVERAGE DAYS ON MARKET 58 - HOUSE

HIGHEST UNIT SALE PRICE $315,000

LOWEST UNIT SALE PRICE $265,000

UNIT AUCTION CLEARANCE RATE N/A

AVERAGE DAYS ON MARKET 82 - UNIT

10 Napier Street $490,000

26 Morris Road $612,000

3 Cognac Street $450,000 14 Wave Street $380,000

1 Collett Court $430,000

6 Stratford Street $368,000 179 Anzac Avenue $299,000

4/10 Fleet Drive $315,000

9/20 Fleet Drive $265,000

A snapshot of property sales for 4022 during the period HIGHEST HOUSE SALE PRICE $585,000

LOWEST HOUSE SALE PRICE $278,500

HOUSE AUCTION CLEARANCE RATE 42.85%

AVERAGE DAYS ON MARKET 41 - HOUSE

HIGHEST UNIT SALE PRICE $399,500

LOWEST UNIT SALE PRICE $285,000

UNIT AUCTION CLEARANCE RATE N/A

AVERAGE DAYS ON MARKET 96 - UNIT

2 Caitlin Court $510,000

42 Melaleuca Crescent $585,000

16 Glanville Street $465,000 10 Sylvia Court $429,000

19 Allister Crescent $440,000

25 Eugenia Avenue $410,000 70 Cambridge Street $287,500

97/2 Wattle Road $399,500

33/2 Wattle Road $285,000

EMMA IS KNOWN FOR KNOCKOUT PROPERTY MANAGEMENT SKILLS! Contact Emma Russ on (07) 3883 8107 or email emma@weloveredcliffe.com.au

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Woody Point

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Your local expert, Damien Misso and the team will have you sold faster so you can celebrate sooner.

Call Damien today. 0403 044 424 www.professionalswoodypoint.com.au 1/52 Oxley Avenue, Woody Point QLD 4019. T 3283 2277 F 3283 2417 About this marketplace report. In compiling this report the author has relied upon information supplied by several external sources including PriceFinder. 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 include both confirmed settled and some yet to be confirmed settled transactions reported from July to December 2016. Some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Damien Misso and Professionals Woody Point by datachurp.