Indooroopilly Market Report May 2018

INDOOROOPILLY

Property Report

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au

Introduction

Sensational location in a well kept secure building, on the first floor and one of only 5 in the block. This apartment offers a care Dear Valued Indooroopilly Owners, As we move into the cooler months, most sellers are thinking of whether to come on the market now or wait until Spring.

There has been a significant shortage of quality properties for sale in the first quarter of this year and as a result, wellmarketed properties have SOLD quickly during this time. As winter approaches there will be even less stock available, so what a great way for an owner to command the market to themselves! The surplus of buyers from the summer months means getting a PREMIUM for your property.

We are certainly seeing a remarkable buying uptake of homes when they are brought to market during these off-peak seasons. Our recent sale of western suburbs property, 168 Ninth Avenue, St Lucia (868sqm, 1990 built 4Bedroom) had 58 Buyer Inspections, 9 registered bidders and achieved a sensational result for the seller of $1,500,000.

What is the best advice we can give any seller right now? SELL TODAY and take advantage of the low stock now available to buyers – your property will sell timely and for a premium price. If you wait until Spring, buyers will have more choice of properties. Dean Property Team is a family-owned, boutique agency and has sold more than 26 homes this calendar year alone. I am the Principal of Dean Property Team and my passion is helping owners achieve their property goals. As your local real estate agent, I look forward to continuing to keep you well informed of your marketplace – be assured if you have any real estate questions I am always at your service. If you are interested in finding out more about the value of your home, please contact me via 0401 762 655 for a no-obligation, complimentary appraisal.

Yours sincerely,

Elliott Dean, Principal of Dean Property Team

Recent Sales Units & Townhouses Address

Sale Date

3/16 Grosvenor Road 10/25 Vincent Street 1/115 Station Road 3/40 York Street 18/87 Russell Terrace 8/15 Clarence Road 3/31 Waverley Road

07/02/2018 19/02/2018 05/03/2018 12/03/2018 12/03/2018 20/03/2018 23/03/2018

Summary 2 2 2 2 3 2 3

2 2 2 2 2 2 2

Sale Price

1 1 1 1 1 1 2

$430,000 $620,000 $568,500 $359,000 $415,000 $375,000 $680,000

Houses Address

Sale Date

33 Ivy Street 89 Carinya Street 119 Payne Street 28 Volga Crescent 51 Dobell Street 35 Dobell Street

02/02/2018 08/02/2018 17/03/2018 20/03/2018 21/03/2018 03/04/2018

Summary 4 5 3 3 3 4

3 2 2 1 1 2

Sale Price

2 2 2 1 2 2

$3,325,000 $1,150,000 $870,000 $1,067,500 $620,000 $521,500

All data contained in this report has been sourced from Price Finder.

INDOOROOPILLY

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au

Sales Activity Statistics Fast Figures  A total of 15 apartments and 11 houses have been sold in Indooroopilly over the past 3 months.  There are a total of 33 houses and 62 apartments currently for sale in Indooroopilly.  The highest sale price for an apartment in Indooroopilly over the past 3 months was $680,000.  The lowest sale price for an apartment in Indooroopilly over the past 3 months was $359,000.  The highest sale price for a house in Indooroopilly over the past 3 months was $3,325,000.  The lowest sale price for a house in Indooroopilly over the past 3 months was $521,500.

Sales Insights 

57% of properties sold in Indooroopilly during the past 3 months sold for over $500,000.



22% of properties sold in Indooroopilly during the past 3 months sold for over $1,000,000.



5% of properties sold in Indooroopilly during the past 3 months sold for over $1,500,000.



The total value of property sales in Indooroopilly during the past 3 months is $23,934,500.

 Sales results as per configuration: 5+ Bedrooms = 12% 4 Bedrooms = 20% 3 Bedrooms = 36% 2 Bedrooms = 32%

All data contained in this report has been sourced from Price Finder.

INDOOROOPILLY

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au

Rental Insights 

There are currently 85 apartments and 41 houses for rent in Indooroopilly.



An additional 742 bonds were lodged with the RTA for postcode 4068 during this quarter.



Median rental prices for Indooroopilly properties during this quarter are as below:

Bedrooms 1 2 3 4

Median Rent (Apartment) $298.00 $390.00 $537.50 N/A

Median Rent (Houses) $175.00 $397.50 $480.00 $660.00

All data contained in this report has been sourced from Price Finder.

What’s On in Brisbane Queensland Museum Exhibit Egyptian Mummies: Exploring Ancient Lives

Giving Back At Dean Property Team, we support charities that are making amazing differences. When you sell your home with us, we donate $150 from our commission to one of three charities. All you need to do is choose which charity we donate to.

Have you ever wondered what life was like in Egypt 3,000 years ago? Now’s your chance. View six individual Mummies, and over 200 artefacts from the collections of the British Museum.

Explore this exhibit up until 26th August 2018 at the Queensland Museum.

Tickets available via museum.qtix.com.au .

With your help, Dean Property Team donated over $1,800 to these chosen charities so far in 2018.

INDOOROOPILLY

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au