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What two owners in Spring Hill wrote recently: “I highly recommend Jonzun and Brendan Lee when it comes to selling properties in the Brisbane inner city. Jonzun is a true professional; his attention to detail in the marketing and presentation of the property was extremely valuable and appreciated. His reassuring and constant communication through all stages of the sales process has been first class. His extensive experience in the real estate market makes Jonzun a well-qualified choice of agent when buying or selling a property.” Hume Ronald, 2/257 Boundary Street, Spring Hill “Jonzun Lee has recently sold my property in inner city Brisbane. He achieved this sale without any expensive advertising by working through his database of buyers and some general marketing. In addition, there were layers of complexity with the property being tenanted, the sale of a similar property at the rear for a lower price, a very particular buyer as well as a building related issue. This was certainly not an easy sale and could easily have fallen over a number of times. In such an important matter, it was very reassuring that he was at all times easily contactable and able to get advice from - in person, by phone and email; he was endlessly patient, diplomatic and tolerant to all involved. Overall, he put in a great deal more effort, time and skill into his work than any other agent I have used in previous sales over the years. I would have no hesitation in engaging J onzun in the futur e and for anyone thinking of selling, I would highly recommend him and his associate Brendan to sell your property. Many thanks”. Ellen O'Flaherty, 35A Wedd Street, Spring Hill

Spring Hill & Petrie Terrace 4000 End Of Year House Market Report Dec 2017

Jonzun Lee 0418 885 708 jonzunlee@mcgrath.com.au jonzunlee.com.au

Brendan Lee 0488 093 381 brendanlee@mcgrath.com.au mcgrath.com.au

www.springhillrealestate.com.au

www.petrieterracerealestate.com.au


Spring Hill & Petrie Terrace Top 5 house sales in 2017 EOY - Spring Hill * as at - 7th December 2017 No.

Address

Sale Price

Sale Date

Features

Land Size

Days On Market

1

9 Royal Avenue

$2,025,000

Jun

5,3,4

653

0

2

10 York Parade

$1,800,000

Mar

3,2,2

329

60

3

60 York Parade

$1,770,000

Apr

5,3,4

498

316

4

429 Gregory Terrace

$1,452,000

May

4,2,2

453

21

5

19 York Parade

$1,260,000

Mar

5,2,2

245

29

Top 5 house sales in 2017 EOY - Petrie Terrace * as at

A word from Jonzun & Brendan

No.

Hi and welcome to this end of year market update on houses in postcode 4000 - Spring Hill & Petrie Terrace. There have been 14 houses in Spring Hill and 14 houses in Petrie Terrace sold this year to date (with any sales at the end of December showing up in the early new year). This is a record low number of sales with sellers preferring to hold rather than sell for a variety of reasons. Many are undertaking renovations and additions to better their lifestyle or increase the rental potential of the property. There has been a steady level of buyer enquiry over the year with some really good sales results in Spring Hill and Petrie Terrace achieved this year. As we end the year, we know that come January, there will be an upsurge in buyer enquiries for homes in both Spring Hill and Petrie Terrace. Schools and job transfers as well as downsizing are the main reasons. Realestate.com.au stats show that January has one of the highest views for property over the year as over the Xmas – New Year break, buyers have time to search for properties and make some life changing decisions. Due to the very low number of homes and town homes changing hands in 2017, there is a pent-up demand especially for homes up to $1m. If you are thinking about selling, contact me now as we may already have the buyer for your home on our books. And if you are interested in getting an updated value of your property, don’t hesitate to contact me for a confidential appraisal. In the meantime, have a Merry Xmas and all the best for 2018! Key stats 2017 * as at - 7th December 2017 2017 EOY

Spring Hill

Petrie Terrace

Number houses sold

14

14

Highest house sale

$2,025,000

$1,725,000

Lowest house sale

$827,500

$610,000

Median house price

$1,060,000

$825,000

Average days on market

46

54

Auction clearance rate

50%

57%

Address

- 7th December 2017

Sale Price

Sale Date

Features

Land Size

Days On Market

1

16 Mountjoy Street

$1,725,000

Mar

4,3,3

253

131

2

51 Wellington Street

$1,300,000

Mar

4,2,2

253

20

3

23 Belgrave Street

$1,050,000

Oct

4,3,3

182

191

4

34 Wellington Street

$1,029,000

Jan

4,2,1

235

182

5

100 Cricket Street

$917,500

Jan

3,1,1

405

9

Year in review (houses) Spring Hill

1st Qtr 2017

2nd Qtr 2017

3rd Qtr 2017

4th Qtr 2017*

Number sold

6

4

3

1

Median price

$935,500

$1,020,000

$1,060,000

$1,060,000

Total value

$5,782,500

$6,922,000

$1,995,000

$740,000

Petrie Terrace

1st Qtr 2017

2nd Qtr 2017

3rd Qtr 2017

4th Qtr 2017*

Number sold

6

3

2

2

Median price

$822,500

$800,000

$825,000

$857,500

Total value

$6,406,500

$2,155,000

$1,700,000

$1,390,000

No. House sales & Median price growth Year

Spring Hill

$

Petrie Terrace

$

2012

15

$805k

16

$648k

2013

29

$845k

16

$622k

2014

25

$855k

26

$725k

2015

29

$890k

23

$705k

2016

25

$910k

20

$795k

2017 EOY

14

$1.06m

14

$857.5k

Note: This information has been complied from data by CoreLogic RPData and PriceFinder. Their accuracy cannot be guaranteed. Parties should rely on their own enquires as Jonzun Lee and McGrath will not be liable for any error or omissions herein. *as at - 7th December 2017

Spring Hill & Petrie Terrace End Of Year House Market Report 2017  
Spring Hill & Petrie Terrace End Of Year House Market Report 2017  

Spring Hill & Petrie Terrace End Of Year House Market Report 2017 by Jonzun Lee & Brendan Lee from McGrath Estate Agents.

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