St Lucia QLD Property Report by Michael Devlin

STLUCIA

PROPERT Y REPORT

MICHAEL DEVLIN 0408 44 99 20

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welcome to my latest

ST LUCIA REPORT With final figures now in for the previous quarter and also for the 2013/14 financial year our eastern seaboard capitals continue to dominate the growth charts for property prices in Australia.

still favourable for borrowers with all time low interest rate products (mortgages) recently coming to market from many of the big banks.

house sales and almost 4,000 unit sales in Brisbane during the last quarter.

If you would like a more thorough report on your property, please contact my team and I as we would be glad to help.

During the course of the last quarter, 16% more houses were sold than the same time last year. This is I hope you enjoy the read. certainly in keeping with the activity we are seeing at our Michael Devlin inspections.Despite the cool Brisbane Real Estate weather, we continue to 0408 44 99 20 michael@brisbanerealestate.com.au see great buyer activity at present.

While Sydney was the only city to see double digit growth (15.4%) both Melbourne (9.4%) and Brisbane (7%) put up strong results. It is also interesting to note that of the three, only Brisbane residential property prices still remain below Based on our best estimates previous peaks (around there were almost 9,000 October 2010).

So what does this mean for Brisbane property and more so for the St Lucia market?

With current demand on the improve and buyer activity very strong it would not be surprising to see more price growth for the remainder of this year. Conditions are

I am proud and excited to offer you this market snapshot every quarter. During my time in real estate I have come to appreciate the difference quality information in combination with quality advice can make to a clients move. As such, I hope that you can appreciate this information as much as some of my clients have when they were making their decision to sell or to buy.

recent sales activity for

ST LUCIA PROPERTY The below table and the following page showcase recent sales activity for confirmed residential property sales in St Lucia that were recorded during April, May and June 2014.

Quarter

2013

HOW many properties SOLD during the period?

32

272

HOW many properties are CURRENTLY on the market?

83

NA

$683,500

$550,000

$1,619,000

$4,325,000

$275,000

$240,000

$23.05million

$185.75million

Sir Fred Schonell Drive

Macquarie Street

WHAT was the MEDIAN price paid during the period?

WHAT was the highest SOLD price during the quarter?

WHAT was the lowest SOLD price during the period?

HOW much was the VALUE of all SOLD properties during the period?

WHICH street saw the MOST sales during the period?

St Lucia Sales Per Annum

St Lucia Last 12 Months Sales / Price Range

2010

Less then $500,000

2011

$501,000 - $600,000

2012

$601,000 - $750,000

2013

$751,000 - $1,000,000

2014

$1,000,001+ Approx 50 x transactions =

Home ownership levels across St Lucia show that just over 42% of households own outright or have a mortgage on their homes. The balance of the marketplace is mostly rented and with an average of 2.5 residents per dwelling. Nearly 57% of all dwellings in St Lucia are units or apartments.

The battle of the sexes is very even across St Lucia with the balance ever so slightly in favour of females with 50.7% of the total population. Just over 52% of St Lucia residents were born in Australia with China (5.6%) and Malaysia (4.9%) at number 2 & 3 respectively.

Approx 10 x transactions = We are a busy suburb of professionals with a huge 77.4% of residents having at least one tertiary qualification. A diverse and well educated suburb 37.9% of households speak more than one language at home. Other than English, Mandarin is the second most spoken language.

The median weekly income per household is $2,505 for families without children and $3,337 for those with children.

With a large number of apartments/units it is not suprising to learn that most residential properties have only two bedrooms.

ABOUT this market report. 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.

recent sales activity for

ST LUCIA PROPERTY

St Lucia

5/5 Sir Fred Schonell Dr $275,000

1

1

1

St Lucia

2/104 Carmody Road $360,000

2

1

1

St Lucia

10/29 Bellevue Terrace $406,000 444m2

2

1

1

St Lucia

1

2

1/8 Sandford Street $550,000

1

1

St Lucia

2

2

45 The Esplanade $800,000 658m2

1

1

St Lucia

13/157 Gailey Road $879,000 162m2

3

2

2

St Lucia

41 Carmody Road $1,105,000 890m2

5

2

1

St Lucia

50 Ninth Avenue $1,311,000 405m2

5

3

1

St Lucia

1/77 Warren Street $395,000

2

1

1

St Lucia

1/59 Sir Fred Schonell Dr $411,000

2

1

0

2

2

1

St Lucia

2/12 Bryce Street $610,000

3

2

2

1/157 Gailey Road $738,888 153m2

St Lucia

4

1

St Lucia

40 Raven Street $716,250 266m2

3

1

5/29 Durham Street $437,000

St Lucia

3

2/67 Warren Street $320,000

St Lucia

2/34 Mitre Street $415,000

2

St Lucia

2

3

2

2

St Lucia

118 Highland Terrace $827,000 721m2

3

1

1

St Lucia

14/157 Gailey Road $899,000 162m2

3

2

2

St Lucia

68 Hawken Drive $1,150,000 506m2

4

2

2

St Lucia

10-12 Hiron Street $3,238,000 908m2

5-

3

3

St Lucia

96/300 Sir Fred Schonell $339,210

1

1

1

St Lucia

3/52 Warren Street $405,000 0m2

2

2

1

St Lucia

14/221 Sir Fred Schonell $412,500

1

1

1

St Lucia

2/12 Dengate Lane $535,000 126m2

2

2

1

St Lucia

6/108 Macquarie Street $650,000

2

2

2

St Lucia

3/157 Gailey Road $745,000 144m2

3

2

2

St Lucia

72 Orchard Terrace $865,000 405m2

3

2

2

St Lucia

168 Hawken Drive $980,000 696m2

3

2

2

St Lucia

8/100 Macquarie Street $1,280,000

3

2

2

FOR SALE 108 NINTH AVE, ST LUCIA 4

URBAN LIVING & LIFEST YLE

2

2

• 4 double bedrooms + office

• Water penetration alarm for pool

• Master suite including ensuite with free-standing

• Led mood lighting to pool with smart phone

bath, dual basins and separate dressing room

control

• 2.5 Bathrooms

• Double lock up garage

• Gourmet kitchen featuring wrap around 40mm

• Security system with video intercom

stone bench tops and walk-in pantry, SMEG

• Fully landscaped

applicances, and pendant feature lighting

• Rendered block work and concrete sleeper

• 4 defined living areas

retaining walls

• French Oak Timber Flooring to the living with quality carpet to the upper level

top views

• Wine Cellar/Storage • Fully

ducted

and

• Absolute North Facing, Elevated position with tree • Walking distance Ironside State School, shops and

zoned

air-conditioning

public transport

throughout the home • Alfresco area with Built-in Beef Eater BBQ, stone bench tops and sink • Pool with frame less glass fencing and handmade timber seating, storage and pool equipment box

MICHAEL DEVLIN 0408 44 99 20

a real perspective:

CLIENT FEEDBACK

A real estate transation is a big deal and I am privileged to have been able to assist some truly reat people make amazing moves. It is particularly rewarding when they tell everyone else about how goof their experience was...

“ We can’t recommend Michael’s style and professionalism highly enough to anyone considering choosing an agent. “ We met Michael by chance at an open home for a house which we were unable to purchase due to timing. To my surprise, Michael contacted me to discuss what our exact requirements were and also made some great suggestions into the area where we were searching for the right property.

Michael was both patient and thorough.

He showed us those properties that met our criteria, and was patient enough to spend the time it took for me to feel comfortable making a buying decision. We really appreciated the fact that he wasn't pushy and didn't waste time trying to sell us a property which would not have met our needs and was proactive in seeking out properties which could be suitable for us.

By taking into consideration what our requirements were Michael was able to show us a property, which although had been on the market for several months with another agent, was newly listed with Michael and resulted in him selling to us on the same day!

Michael remained focused on what our requirements were while negotiating with the vendor swiftly and reasonably, bringing to the table a deal which all parties were happy with in an incredibly short amount of time.

Michael handled everything efficiently and professionally, which was a great relief to us while we were at the same time preparing and arranging to lease our house out and both working full time. He also went above & beyond by being available to be at the property on multiple occasions and ensure that measurements for window coverings could be completed prior to settlement thus ensuring that orders for these could be placed as early as possible.

Michael was always available to us for questions on the weekend, during the evenings on the phone and via email which was invaluable to us at the time while still maintaining his patience and good humour throughout the entire process.

We can't recommend Michael's style and professionalism highly enough to anyone considering choosing an agent.

Paul & Cathy G.

Michael Devlin

0408 44 99 20 michael@brisbanerealestate.com.au St Lucia · Indooroopilly