Auchenflower Apartment Report February 2014

Auchenflower Apartment Report Autumn 2014

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

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

56 Dunmore Terrace

01/10/2013

2

2

2

$565,000

21 Fortitude Street

08/10/2013

2

1

1

$390,000

47 Bayliss Street

08/10/2013

3

2

2

$660,000

8 Dunmore Terrace

10/10/2013

3

2

3

$1,180,000

435 Coronation Drive

18/10/2013

1

1

1

$245,00

24 Lima Street

06/11/2013

2

1

1

$376,000

17 Ridley Street

08/11/2013

2

2

1

$515,000

435 Coronation Drive

14/11/2013

2

2

1

$355,000

66 Dunmore Terrace

19/11/2013

1

1

1

$460,000

40 Lang Parade

19/11/2013

2

1

1

$340,000

42 Dunmore Terrace

21/11/2013

3

1

1

$495,000

34 Park Avenue

24/11/2013

2

2

1

$517,000

20 McIlwraith Street

28/11/2013

2

1

1

$270,000

63 Dunmore Terrace

28/11/2013

3

2

1

$467,500

38 Park Avenue

29/11/2013

2

2

2

$480,000

23 Hobbs Street

12/12/2013

2

1

1

$331,000

38 Lang Parade

12/12/2013

3

2

1

$525,000

50 Dixon Street

27/12/2013

2

2

2

$415,000

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

$10,216,500

total value of sales in the 3 months.

31% of

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

22% of

residents fully own their property.

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

54% of

Fast Figures with Elliott Dean

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

22

How many apartments are for sale in Auchenflower today?

17

What is the highest apartment sales price over the last three months?

$1,180,000

What is the lowest apartment sales price over the last three months?

$220,000

What is the median apartment sales price over the last three months?

$463,750

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

Dunmore Terrace (7)

“Should you require any help or advice with your real estate needs, be assured I’m always at your service”.

Red Hot Brisbane Leads Property Pack

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

Elliott Dean

Auchenflower Apartment Specialist

0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au