MARKET REPOR T R U NC O R N E D I T IO N
APR - JUN’ 2020
Proudly provided to you by the Runcorn team
Terence Tang 0411 713 437 TerenceTang@ljhsbh.com.au
Steven Li 0435 201 861 StevenLi@ljhsbh.com.au
LJ Hooker Sunnybank Hills 25 Pinelands Rd Sunnybank Hills QLD 4109 P (07) 3344 0288 W sunnybankhills.ljhooker.com.au
PRO P E R TY S A L E R E S ULT S This information is designed to give you a sense of the different property types in each area, and what they’ve been selling for this quarter. Property Address 21 Adamson Way
2
1
1
Land (m2)
Sold Date
312
24/4/20
3 Birrie Place
4
2
2
672
7 Bultarra Street
3
1
2
664
5/62 Brandon Road
3
23 Celica Street
2
3
1
1
2
156 741
7 Condamine Street
4
2
2
555
16 Corella Place
-
-
-
561
25 Condamine Street
3
1
2
551
2/82 Daw Road
3
2
2
152
18 Hinton Street
3
1
1
607
2
555
-
-
400
2
2
2
2
8/40 Glenefer Street 3 Jaranga Street 6 Kolan Street
3
2
3
2
2
4
2
1
4
2 Melrose Place
Lot 1/54 Nemies Road 9/201 Persse Road
-
2
4
1
4
5 Wealth Street
4
1 Woorabinda Street
2
3
46 Pine Street
3 Premworth Place
1
4
2
1
133 710
420 143
825
1
464
2
684
604
6/6/20
DOM
Sold Price
18
$340,000
72
$580,000
27
$455,000
11
$648,000
$326,000
12/5/20
104
29/5/20
30
15/5/20
38
18/4/20
10
$380,000
8/6/20
138
$550,000
29/4/20
20
8/4/20 6/5/20
6/4/20
16/4/20
110 2
$565,000
$500,000
$410,123
$307,000
21
$654,000
25/5/20
69
$500,000
4/5/20
16
$380,000
18/5/20
61
$560,000
15/6/20
37
$680,000
15/5/20
16/4/20 4/4/20
26/6/20
Sold by LJ Hooker Sunnybank Hills
61 5
31
$515,000 $392,123
$700,000
$660,123
$0,123 are estimated figures
SALE S Q U IC K SUM M A R Y HO U S E S
560K
$
MEDIA N PRICE
46DAYS
AVG DAYS ON MARKET
T OWN H OU S ES
353K
$
MEDIAN PRICE
33DAYS
AVG DAYS ON MARKET
Where were the properties sold? The map on the right shows you where the properties were sold in the last quarter. You can see if your area is a popular pocket. Key:
27%
sold by LJ Hooker Sunnybank Hills
Sunnybank Hills All Other Agencies
sold by other agencies
2 7% MARKET S HAR E IN R UNCOR N
No. 1 out of 57 Agencies
20 Sales in the area
Your Suburb, Runcorn Runcorn is a well-known and wellconnected suburb in Brisbane’s southern district, with a variety of outlets and public transport options either within its borders or nearby. Why we love Runcorn: • Warrigal Square, Runcorn Plaza. Sunnybank Plaza and Westfield Garden City Shopping Centre just minutes away. • Residents have access to a plethora of amenities including excellent schools and Griffith Universities. • Easy access to a wide variety of stores and shops, as well as a number of boutique restaurants, sports bars, and even cinemas. • Plenty of recreational facilities like the upgraded library, parks and bike tracks. • Only a short drive from the Brisbane CBD, and is serviced by a variety of city bus routes, as well as regular trains from Coopers Plains station. • Several major roads pass through the region or are in easy reach, including Beaudesert Road and the nearby Pacific Motorway.
Interest rates unlikely to go into negative territory The Reserve Bank of Australia announced that the cash rate will be held at 0.25% with the Board re-affirming it will not increase the rate until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3% target band. Ms Nerida Conisbee, chief economist at realestate.com. au, said she believes interest rates probably won’t be cut any further as the Reserve Bank continues to look at quantitative easing to make sure that the financial system continues to operate. “We’ll continue to see more fiscal measures announced, so major infrastructure projects and the like. We’ve got the budget coming up in a few months so that will be really interesting to see what is proposed.” Source: realestate.com.au; bit.ly/2DkZVo0
R U NC O R N S U BU R B P R O F I LE Here’s an overview of property activity in Runcorn, giving you the fast facts on what happened in Q2 2020.
April to June 2020
Median Price Change from Q1 2020
P R OPER T Y A C T I V I T Y
+11.6%
(All property types)
Highest Sale
$700,000
Median Sale Price
$507,500
Average Sale
$505,118
Lowest Sale
$307,000
Average days on market
44 Days
Number of Property Sold
20
Number of House Sold
15
Median Gross Yield
Number of Townhouse Sold
4
Number of Land Sold
1
4.0%
(Houses - 12 month rolling)
CU R R E NT L Y O N T HE MAR KET
HOUSES
25 Listings
T O W N HO U S E S
(as of 14th July 2020)
32
Listings
LA N D
8
Listings
L OO K I NG FOR A HASSL E-F RE E SEL L I NG E X P E R I E NC E ? Contact Terence and Steven for a comprehensive market appraisal today. Terence and Steven will bring you a stress-free real estate journey with a maximized result.
Terence Tang 0411 713 437 TerenceTang@ljhsbh.com.au
Steven Li 0435 201 861 StevenLi@ljhsbh.com.au
LJ Hooker Sunnybank Hills 25 Pinelands Rd Sunnybank Hills QLD 4109 P (07) 3344 0288 W sunnybankhills.ljhooker.com.au