Upper Mt Gravatt Market Report

MARKET REPOR T UP P E R M T GRA V A TT E D I TI O N

APR - JUN’ 2020

Proudly provided to you by your area specialists

Randall Hong 0411 677 456 randallhong@ljhsbh.com.au

Rob Senic 0435 873 715 robsenic@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

Land (m2)

Sold Date

28 Abbeville Street

3

1

1

670

2/4/20

2

5

918

11 Azanian Street

3

5/5/20

4

2

2

610

22/6/20

2

2

1

96

90 Dawson Road

25/5/20

3

1

1

486

8/5/20

3

2

1

486

6/5/20

1 Arafura Street

1208/5 Cremin Street 110 Dawson Road

187 Dawson Road

3

1

1

597

6 Dowrie Street

4/6/20

4

2

3

607

30/4/20

2

2

122

94 Hertford Street

2

2/6/20

4

2

4

607

7/5/20

2

2

-

99A Kempsie Road

2

6/5/20

-

-

-

405

10/6/20

6/9 Freda Street

409/35 Kelburn Street 14/126 Klumpp Road

3

1

1

118

17/6/20

2

2

129

104 Lindwall Street

3

4/4/20

3

1

1

486

10/6/20

10/3 Lindwall Street 12/2180 Logan Road

2

2

2

105

40 Lumley Street

15/5/20

3

1

1

486

6/5/20

2

1

-

62 Lumley Street

2

22/6/20

2

1

1

486

18/6/20

2

2

1

101

14/5/20

1

4

647

578 Newnham Road

3

8/4/20

5

2

2

610

18/5/20

2

1

139

72 Perkins Street

3

2/6/20

3

1

0

486

18/6/20

19/41 Lumley Street 32/8 Mascar Street

421 Newnham Road

10/106 Norton Street

18 Queensway Street

3

1

0

589

3/5/20

2

2

146

22/30-34 Sanders Street

3

17/6/20

3

2

-

219

9/6/20

16/30-34 Sanders Street 14 Valmar Street

3

1

1

703

6 Von Nida Street

25/6/20

5

1

4

819

27/4/20

1

1

612

76 Wishart Road

3

28/5/20

4

3

5

609

10/5/20

3

1

2

617

29/5/20

71 Wishart Road

46 Zetland Street

Sold by LJ Hooker Sunnybank Hills

Sold Price

$678,000

$823,000

$805,000

$445,000

$550,000

$599,500 $411,000

$680,000 $323,000

$653,000

$516,123

$515,000

$299,000

$418,000

$486,500

$440,000 $538,000

$455,123

$555,500 $295,000

$540,000

$637,000

$385,000 $572,000 $600,123

$485,000 $640,000 $723,000

$750,000

$532,500

$835,000

$612,000

$0,123 are estimated figures

32 Sales in the area

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: sold by LJ Hooker Sunnybank Hills sold by other agencies

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

U P P E R M T GR A V A T T Q 2 SU BU R B P R O FI L E Here’s an overview of property activity in Upper Mt Gravatt, giving you the fast facts on what happened in Q2 2020.

32

Properties sold

20 Houses sold

11

Townhouses sold

$545k

$556k

Median Sale Price

$835k Highest Sale Price

1

Land sold

Average Sale Price

6.2%

Median Gross Yield (Units - 12 month rolling)

LOO K I NG FO R A H A S SL E - F R E E SELLING EXP E R I E N C E ?

Contact Rob and Randall for a comprehensive market appraisal today. Rob and Randall will bring you a stress-free real estate journey with a maximized result.

Rob Senic 0435 873 715 robsenic@ljhsbh.com.au

Randall Hong 0411 677 456 randallhong@ljhsbh.com.au

LJ Hooker Sunnybank Hills 25 Pinelands Rd Sunnybank Hills P (07) 3344 0288 W sunnybankhills.ljhooker.com.au