Toowong Apartment Report November 2013

Toowong Apartment Report Summer 2013

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

Apartment Sales

with Elliott Dean

Street

Sale Date

Summary

Sale Price

33 Ascog Terrace

04/07/2013

2

1

1

$527,500

24 Croydon Street

06/07/2013

2

1

1

$275,000

531 Coronation Drive

06/07/2013

2

2

1

$525,000

10 Cadell Street

09/07/2013

2

2

1

$372,500

131 Sylvan Road

10/07/2013

2

1

1

$290,000

60 Sherwood Road

12/07/2013

2

2

2

$430,000

109 Sherwood Road

14/07/2013

2

1

1

$365,000

3 Delungra Street

18/07/2013

2

2

1

$343,500

39 Maryvale Street

07/08/2013

2

1

1

$392,500

531 Coronation Drive

08/08/2013

2

2

1

$550,000

20 Land Street

09/08/2013

3

2

2

$590,000

51 Maryvale Street

16/08/2013

2

1

1

$370,000

18 Augustus Street

26/08/2013

2

2

1

$448,000

93 Jepson Street

04/09/2013

3

2

2

$602,000

36 Glen Road

17/09/2013

3

2

2

$715,000

22 Holland Street

17/09/2013

2

1

2

$381,000

39 Maryvale Street

21/09/2013

2

1

1

$392,500

8 Booth Street

21/09/2013

2

2

1

$481,000

66% of

properties SOLD in our market during the last 3 months were between $330,000 -­‐ $475,000.

$22,885,900 total value of sales in the 3 months.

22% of

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

21% 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?

53

How many apartments are for sale in Toowong today?

45

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

$1,990,000

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

$202,400

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

$392,500

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

Sherwood Road (4)

“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 Toowong Apartment Specialist

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