St Lucia Apartment Report November 2013

St Lucia Apartment Report Summer 2013

St Lucia Apartments with Elliott Dean Market Overview for the third quarter :: July – September 2013

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

164 Macquarie Street

04/07/2013

2

2

2

$590,000

66 Sir Fred Schonell Drive

12/07/2013

3

2

3

$790,000

29 Durham Street

14/07/2013

2

2

1

$400,000

77 Armadale Street

27/07/2013

3

2

2

$591,000

26 Warren Street

30/07/2013

2

1

1

$386,000

237 Sir Fred Schonell Drive

01/08/2013

2

2

1

$433,800

294 Swann Road

01/08/2013

3

3

3

$2,750,000

40 Sandford Street

03/08/2013

3

1

1

$580,000

62 Macquarie Street

12/08/2013

2

1

1

$361,000

21 Jerdanefield Road

12/08/2013

2

2

2

$495,000

70 Durham Street

12/08/2013

2

2

1

$577,000

36 Sandford Street

21/08/2013

4

2

2

$855,000

46 Highview Terrace

01/09/2013

3

2

2

$725,000

162 Carmody Road

02/09/2013

2

1

1

$375,000

11 Austral Street

05/09/2013

2

2

1

$495,000

194 Carmody Road

10/09/2013

3

2

2

$520,000

22 Armadale Street

21/09/2013

3

2

2

$540,000

2 Sandford Street

28/09/2013

3

2

2

$727,500

63% of

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

$22,455,600

total value of sales in the 3 months.

11% of

properties SOLD in our market during the last 3 moths were above $850,000.

27% 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?

44

How many apartments are for sale in St Lucia today?

54

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

$2,750,000

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

$240,000

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

$449,400

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

Macquarie Street(7)

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

Queensland leads as market confidence returns

PROPERTY INDUSTRY CONFIDENCE INDEX

“AN improving residential sector and a change in government has led to a jump in confidence in Queensland's property market, according to a new survey” “The Property Council of Australia-ANZ Banking Group forwardlooking confidence index for the December quarter gave Queensland and NSW an index reading of 142, indicating that conditions are expected to improve markedly. A neutral reading on the index is 100.

The rise in Queensland's confidence index from 117 to 142 was more dramatic than in NSW where confidence in the market rose to 142 from 130”. SOURCE: The Australian, Sarah Danckert, 17/10/2013 In summary, I feel a real opportunity presents itself if you are considering a sale in the short-term. We have a surplus of buyers & a shortage of properties for sale, giving sellers an opportunity to transact for a great result. Should you have any further queries, just let me know.

Elliott Dean St Lucia Apartment Specialist

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