Taringa Apartment Report November 2013

Taringa Apartment Report Summer 2013

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

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

61 Indooroopilly Road

01/07/2013

3

3

2

$586,000

1 Sundridge Street

04/07/2013

2

2

2

$403,000

98 Whitmore Street

05/07/2013

2

2

1

$427,000

37 Frederick Street

18/07/2013

3

2

1

$700,000

83 Swann Road

26/07/2013

2

1

1

$350,000

58 Alpha Street

31/07/2013

3

2

1

$500,000

31 Marmion Parade

31/07/2013

2

1

2

$321,000

73 Waverley Road

06/08/2013

2

2

1

$370,000

17 Alexandra Avenue

07/08/2013

2

2

1

$449,000

23 Montrose Road

12/08/2013

2

1

1

$315,000

39 Ada Street

20/08/2013

2

2

1

$370,000

53 Alpha Street

22/08/2013

2

1

1

$325,000

5 Todd Street

26/08/2013

2

2

1

$397,500

42 Waverley Road

29/08/2013

2

2

1

$430,000

46 Cunningham Street

30/08/2013

3

2

2

$510,000

79 Oxford Terrace

05/09/2013

2

1

1

$330,000

123 Indooroopilly

12/09/2013

3

2

2

$540,000

66 Oxford Terrace

30/09/2013

2

1

1

$369,000

80% of

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

$10,583,430

total value of sales in the 3 months.

25% 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.

Fast Figures with Elliott Dean

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

18

How many apartments are for sale in Taringa today?

49

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

$700,000

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

$209,000

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

$370,000

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

Whitmore Street (3)

“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 Taringa Apartment Specialist

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