Toowong Apartment Report February 2014

Toowong Apartment Report Autumn 2014

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

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

107 Sherwood Road

02/10/2013

2

1

1

$355,000

14 Quinn Street

02/10/2013

2

2

2

$580,000

21 Patrick Lane

07/10/2013

1

1

1

$360,000

8 Land Street

08/10/2013

3

2

2

$565,500

49 Maryvale Street

17/10/2013

2

1

1

$395,00

32 Jephson Street

24/10/2013

2

1

2

$415,000

6 Soudan Street

25/10/2013

3

2

1

$470,000

3 Norwood Street

30/10/2013

1

1

1

$248,000

10 Cadell Street

04/11/2013

2

2

1

$370,000

44 Brisbane Street

06/11/2013

3

2

2

$518,000

89 Jephson Street

21//11/2013

3

2

2

$710,000

34 Ascog Terrace

21/11/2013

2

1

1

$375,000

49 Miskin Street

04/12/2013

3

3

2

$1,006,000

68 Benson Street

04/12/2013

1

2

-

$459,000

8 Booth Street

06/12/2013

2

2

-

$452,000

33 Bayliss Street

14/12/2013

2

1

1

$341,000

33 Bayliss Street

23/12/2013

2

1

1

$325,000

12 Patrick Lane

24/12/2013

3

2

1

$555,000

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

$21,990,972

total value of sales in the 3 months.

26% of

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

21% of

residents fully own their property.

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

65% of

Fast Figures with Elliott Dean

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

47

How many apartments are for sale in Toowong today?

50

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

$1,520,000

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

$165,000

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

$455,500

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

Norwood Street (6)

“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

Toowong Apartment Specialist

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