Taringa Apartment Report February 2014

Taringa Apartment Report Autumn 2014

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

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

42 Waverley Road

09/10/2013

2

2

1

$430,000

59 Alpha Street

13/10/2013

2

1

1

$397,000

32 Swann Road

15/10/2013

3

2

3

$786,000

20 Campbell Street

15/10/2013

3

2

2

$765,000

60 Beatrice Street

21/10/2013

2

2

2

$421,150

2 Waverley Road

22/10/2013

1

1

1

$245,000

10 Montrose Road

03/11/2013

3

2

2

$500,000

16 Ada Street

05/11/2013

2

2

1

$450,500

33 Broomfield Street

14/11/2013

3

2

2

$550,000

31 Harrys Road

21/11/2013

2

1

1

$360,000

46 Cunningham Street

25/11/2013

3

2

2

$530,000

104 Gailey Road

26/11/2013

2

1

1

$335,000

22 Waverley Road

27/11/2013

2

1

1

$362,000

59 Alpha Street

27/11/2013

2

2

2

$425,000

66 Waverley Road

04/12/2013

2

2

1

$435,000

9 Waverley Road

15/12/2013

2

1

1

$399,000

38 Alpha Street

30/12/2013

2

2

1

$420,000

35 Morrow Street

31/12/2013

3

2

1

$596,000

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

$15,409,417

total value of sales in the 3 months.

18% of

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

24% of

residents fully own their property.

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

67% of

Fast Figures with Elliott Dean

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

37

How many apartments are for sale in Taringa today?

64

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

$786,000

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

$245,000

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

$399,000

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

Waverley Road (8)

“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 Taringa Apartment Specialist

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