Auchenflower Apartment Report

Auchenflower Apartment Report Spring 2013

Auchenflower Apartments with Elliott Dean Market Overview for the second quarter :: April – June 2013

Apartment Sales

with Elliott Dean Street

Sale Date

Summary

Sale Price

26 Lang Parade

02/04/2013

3

2

2

$333,000

44 Dixon Street

05/04/2013

2

2

5

$380,000

8 Ridley Street

06/04/2013

3

2

2

$380,000

66 Dunmore Terrace

22/04/2013

3

3

2

$390,000

12 Fortitude Street

28/04/2013

3

1

1

$481,500

31 Dunmore Terrace

09/05/2013

2

2

1

$492,000

430 Milton Road

09/05/2013

3

2

2

$495,000

31 Dunmore Terrace

11/05/2013

3

2

1

$492,000

430 Milton Road

14/05/2013

2

2

2

$495,000

31 Dunmore Terrace

18/05/2013

1

1

1

$492,000

53 Dunmore Terrace

25/05/2013

2

2

1

$530,000

53 Dunmore Terrace

30/05/2013

3

2

2

$555,000

53 Dunmore Terrace

07/06/2013

2

2

1

$580,000

53 Dunmore Terrace

12/06/2013

2

2

2

$585,000

24 Dunmore Terrace

12/06/2013

2

2

2

$610,000

47 Bayliss Street

13/06/2013

2

2

1

$610,000

39 Bayliss Street

14/06/2013

3

2

2

$610,000

66 Dunmore Terrace

18/06/2013

3

2

1

$732,500

66 Dunmore Terrrace

24/06/2013

3

3

2

$760,000

4 Dowling Street

28/06/2013

2

2

1

$1,063,000

30% of

properties SOLD in our market during the last 3 moths were between $450,000 -­‐ $550,000.

$11,155,000

total value of sales in the 3 months.

55% 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.

Fast Figures with Elliott Dean

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

20

How many apartments are for sale in Auchenfower today?

22

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

$1,063,000

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

$333,000

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

$495,000

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

Dunmore Terrace (5)

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

Welcome to the Spring Edition of the Auchenflower Apartment Report There has been solid increase in buyer activity

over the last nine months which has lead to an overall increase in confidence & some outstanding sales results in Auchenflower.

Property remains a very favorable option amongst investors & especially for owner-occupiers with interest rates continuing to fall.

The current cash rate with the RBA is now at 2.50%, having steadily fallen from 4.75%, from November 2010.

With the start of Spring considered by many the peak selling time, for those who are considering a move, this would be an excellent window of opportunity to capitalize on the re-newed confidence & backdrop of outstanding results being achieved.

I genuinely believe the best time to sell a property is when the owner is most comfortable, however Spring is one of those times when if you’re deciding between a sale now or the early part of 2014, I would opt for today based purely on the facts mentioned above, plus where we are on the property clock/cycle.

In summary, I feel a real opportunity presents itself if you are considering a sale in the short-term.

We have a shortage of properties for sale, giving those sellers who act now, an opportunity to transact with less competition.

Should you have any further real estate queries, be assured I’m always at your immediate real estate service.

Elliott Dean Auchenflower Apartment Specialist

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