Taringa Apartments Q1 2015 market report summary

Taringa

Apartment Report 1st Quarter 2015

Taringa market insights with Property Specialist Elliott Dean

Welcome, to the Taringa Apartment Report. This is your insight into the market activity of your suburb. The last three months have seen strength in all price ranges and a genuine increase in buyer confidence due to the lower interest rates on offer.

I trust you will find this information valuable.

Sincerely, Elliott Dean Property Specialist 0401 762 655

Apartment sales Street

Sale Date

Summary

22 Stanley Terrace 36 Alpha Street 16 Darvall Street 16 Sundridge Street 1/145 Gailey Road 39 Hillsdon Road 6/22 Waverley Road 72 Alpha Street 83 Swann Road 72 Alpha Street 3/10 Lucinda Street 12 Bellevue Parade 98 Whitmore Street 124 Whitmore Street

06/01/15 09/01/15 15/01/15 20/01/15 21/01/15 28/01/15 30/01/15 03/02/15 06/02/15 09/02/15 13/02/15 14/02/15 20/02/15 06/03/15

2 bed, 1 bath, 1 garage 2 bed, 2 bath, 1 garage 2 bed, 1 bath, 1 garage 2 bed, 2 bath, 2 garage 2 bed, 1 bath, 1 garage 2 bed, 1 bath, 2 garage 2 bed, 1 bath, 2 garage 2 bed, 2 bath, 2 garage 2 bed, 1 bath, 1 garage 2 bed, 2 bath, 1 garage 2 bed, 2 bath, 1 garage 3 bed, 2 bath, 2 garage 2 bed, 2 bath, 1 garage 2 bed, 2 bath, 1 garage

Sale Price $365,000 $400,000 $323,000 $419,000 $350,000 $330,000 $392,000 $500,000 $373,000 $450,000 $417,000 $700,000 433,750 $435,000

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

Fast figures 

212 Taringa apartments were sold during 2014



52 apartments are for sale in Taringa today

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The highest apartment sales price over the last 3 months was $1,300,000

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The lowest apartment sales price over the last 3 months was $295,000



The median apartment sales price over the last 3 months was $434,000

Insights 

11.5% of properties sold during the last 3 months were between $700,000$1,000,000.



$16,421, 177 total value of sales in the 3 months

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2% of properties sold in our market during the last 3 months were above $1,000,000

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24% of residents fully own their property



39 Taringa apartments were sold in the 3 months

Riverside Rooftop Featured Sale Quay Street, Brisbane City   

 

Sold in three weeks from auction 76 buyer inspections 5,312 internet inspections 23 VIP viewings Sold for the full asking price of $689,000

17 year history of Taringa Apartment sales Year 1998 1999 2000 2001 2002 2003

No. of Sales 150 182 180 353 304 298

Median $161,500 $172,500 $162,750 $169,000 $193,000 $263,500

Growth -5.0% 6.8% -5.7% 3.8% 14.2% 36.5%

Low $57,500 $72,000 $45,000 $15,000 $80,000 $100,000

High $560,000 $745,000 $985,000 $880,000 $950,000 $1,850,000

2004

215

$264,000

0.2%

$24,000

$1,225,000

2005

194

$290,000

9.8%

$15,000

$2,270,000

2006

190

$309,500

6.7%

$110,000

$1,650,000

2007

223

$355,000

14.7%

$100,000

$3,305,500

2008

151

$386,000

8.7%

$215,000

$1,075,000

2009

176

$400,000

3.6%

$200,000

$2,100,000

2010

152

$426,750

6.7%

$238,000

$1,600,000

2011

144

$408,500

-4.3%

$207,500

$2,200,000

2012

135

$399,000

-2.3%

$243,000

$1,650,000

2013

152

$405,000

1.5%

$152,000

$1,600,000

2014

202

$426,608

5.3%

$143,000

$2,450,000

About Elliott Dean  Awarded #1 Sales Agent Under 30 RE/MAX Australia  RE/MAX Platinum Award winner 2015  Listed in RE/MAX’s top 100 Real Estate Agent’s in the world 2014  Following in the footsteps of a grandfather and father in the real estate industry who have instilled over 60 years of experience and knowledge “The decision to sell your property takes time and careful consideration. If you are thinking of selling, I would love work with you to get the price you want. For a free property evaluation please contact me on 0401 762 655 or email elliottdean@remax.com.au”

Elliott Dean

Property Specialist

0401 762 655 07 3510 5245

elliottdean@remax.com.au www.elliottdean.com.au “Should you require any help with your real estate needs, be assured I am always at your service.”

Photo: Michael Daveron, Managing Director, RE/MAX Australia presents #1 Sales Agent Under 30 award to Elliott Dean