Taringa Apartment Report :: Full Summary April_June 2013

Taringa Apartment Report Spring 2013

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

Apartment Sales

with Elliott Dean Street

Sale Date

Summary

Sale Price

57A Oxford Terrace

03/04/2013

3

2

2

$565,000

106 Indooroopilly Road

04/04/2013

2

2

2

$355,000

12 Gregory Street

11/04/2013

3

2

2

$629,000

32 Swann Road

11/04/2013

3

2

2

$645,000

83 Hillsdon Road

13/04/2013

3

2

2

$715,000

63 Oxford Terrace

23/04/2013

3

2

2

$525,000

103 Beatrice Street

09/05/2013

2

2

2

$506,000

186 Moggill Road

09/05/2013

2

2

1

$389,000

120 Indooroopilly Road

25/05/2013

2

2

1

$400,000

20 Rokeby Terrace

27/05/2013

3

2

1

$499,000

46 Lucinda Street

03/06/2013

2

1

1

$379,000

32 Swann Road

04/06/2013

3

2

2

$645,000

91 Whitmore Street

05/06/2013

2

1

2

$375,000

44 Broomfield Street

06/06/2013

3

2

2

$480,000

162 Swann Road

06/06/2013

2

2

1

$425,000

22 Waverley Road

07/06/2013

2

1

1

$352,000

7 Woodstock Avenue

07/06/2013

2

2

1

$439,000

115 Indooroopilly Road

09/06/2013

3

2

2

$870,000

32 Swann Road

18/06/2013

3

2

2

$685,000

48 Alpha Street

29/06/2013

2

1

1

$321,500

42% of

properties SOLD in our market during the last 3 moths were between $350,000 -­‐ $450,000.

$16,931,500

total value of sales in the 3 months.

27% of

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

24% of

Taringa owners 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?

40

How many apartments are for sale in Taringa today?

52

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

$870,000

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

$238,000

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

$402,500

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

Indooroopilly Road (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 Taringa 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 Taringa.

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 Taringa Apartment Specialist

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