2014 Inner Brisbane Market Report | Jake Mackay

2014 INNER BRISBANE MARKET REPORT fortitude valley | newstead | teneriffe jake mackay

A word from Jake Mackay

It’s a really exciting time to be involved in real estate in the inner city market of Brisbane, all you have to do is drive around the inner city suburbs which are a hive of activity with construction, new retail/ cafÊ precincts and public spaces.

The apartment market has seen consistent activity over the past six months with interstate investors continuing to dominate the market particularly in the sub $500k price point. Larger apartments in suburbs such as Newstead and Teneriffe are very popular with those downsizing from houses looking for easy access to the CBD and of course the lifestyle perks of the area.

Currently there is over 40% less property available for sale in inner city suburbs than this time last year. This has created a distinct trend of lower days on market which we anticipate will continue into the immediate future.

I offer a market update via video electronically, residents in the area have found the information in this valuable to keep in the loop with the market trends every quarter, to receive this please contact me on the below details.

If you are considering buying or selling in the inner Brisbane market, I look forward to providing experience, knowledge and resources needed to achieve the best possible result for you.

Jake Mackay M 0430 283 293 E jakemackay@mcgrath.com.au

Fortitude Valley Apartment Summary | January - June Number Sold

Median

Highest

Lowest

61

$429,000

$790,000

$115,000

A Selection of Fortitude Valley Apartment Sales | January - June Building

Address

Bed

Bath

Car

Sold Date

Sold Price

Emporium

364/1000 Ann St

2

1

1

13/03/14

$470,000

The Mercado

15/4 Wandoo St

1

1

1

08/01/14

$420,000

Rosetta Street

7/26 Rosetta St

3

2

2

28/02/14

$565,000

Lautrec Lofts

21/758 Ann St

1

1

-

16/02/14

$338,000

McWhirters

525/292 Brunswick St

1

1

-

22/01/14

$360,000

Emporium

128/1000 Ann St

2

2

1

02/04/14

$545,000

Sun Apartments

302/367 Brunswick St

3

2

1

28/04/14

$790,000

Petrie Point

711/100 Bowen Tce

2

2

1

23/02/14

$535,000

Emporium

213/1000 Ann St

1

1

1

21/02/14

$425,000

McWhirters

421/292 Brunswick St

2

2

1

27/03/14

$510,000

Soho

12/83 Alfred St

2

2

1

24/03/14

$445,000

Paragon on Arthur 34/46 Arthur St

2

2

1

14/01/14

$465,000

Times Square

21/79 Berwick St

2

2

1

13/02/14

$429,000

McWhirters

510/292 Brunswick St

3

2

1

28/03/14

$626,000

V Human Space

709/82 Alfred St

2

2

2

07/02/14

$420,000

The Miro

211/41 Robertson St

1

1

1

25/01/14

$368,500

The Galleries

1/20 Malt St

2

2

1

17/02/14

$555,555

Emporium

324/1000 Ann St

2

1

1

15/03/14

$415,000

Ultra Apartments

124/83 Robertson St

2

2

1

20/02/14

$460,000

Sun Apartments

211/367 Brunswick St

1

1

-

09/01/14

$287,000

“I engaged Jake to sell our apartment in Teneriffe. From my first phone call to Jake I was impressed. His communications both verbal and written are excellent. He kept me informed of all activities associated with the successful sale of the apartment in a timely manner and was always available to respond to any enquiries that I may have had. I have dealt with a number of real estate agents throughout Australia and Jake is certainly the best. His professionalism, enthusiasm and honestly are beyond reproach.�

D. Watkin - 352/50 Macquarie Street, Teneriffe

Teneriffe and Newstead Apartment Summary | January - June Number Sold

Median

Highest

Lowest

48

$637,500

$1,500,000

$450,000

A Selection of Teneriffe and Newstead Apartment Sales | January - June Building

Address

Bed

Bath

Car

Sold Date

Sold Price

110.com

19/110 Commercial Rd

2

2

1

22/02/14

$580,000

Eleven On Helen

2/11 Helen St

3

2

2

14/03/14

$1,200,000

Saratoga

108/50 Macquarie St

2

2

1

03/03/14

$685,000

Newstead Avenue

21/1 Newstead Ave

3

2

1

23/03/14

$635,000

Newstead Terraces 48/20 Newstead Tce

3

2

2

12/02/14

$775,000

Como

706/53 Wyandra St

2

2

1

20/01/14

$650,000

Ansonia

332/64 Macquarie St

2

2

2

26/05/14

$685,000

The Bond Store

28/32 Newstead Tce

1

1

1

27/03/14

$368,000

Mercantile-Dalgety Pl 80/135 Macquarie St

3

2

2

26/03/14

$1,105,000

Park At Waterfront 100/27 Cunningham St

2

2

1

17/01/14

$770,000

The Nouvelle

326/38 Skyring Tce

2

2

1

18/03/14

$560,000

The Manhattan

105/42 Newstead Tce

2

2

2

22/01/14

$570,000

Newstead Terraces 50/20 Newstead Tce

2

2

1

3/03/14

$640,000

The Cannery

77/139 Commercial Rd

2

2

1

30/01/14

$485,000

Teneriffe Village

78/110 Macquarie St

2

2

1

1/02/14

$670,000

33 Helen Street

15/33 Helen St

2

2

2

20/02/14

$566,000

Mostyn On The Park 8/15 Newstead Ave

2

2

1

17/02/14

$600,000

Pier at Waterfront

511/1 Newstead Tce

3

2

2

14/02/14

$1,960,000

Saratoga

352/50 Macquarie St

2

2

1

14/04/14

$635,000

The Ellington

206/71 Beeston St

1

1

1

24/04/14

$442,000

Median Apartment Prices $800,000

Tennerife

Newstead

Fortitude Valley

$700,000 $600,000 $500,000 $400,000 $300,000 2009

2010

2011

2012

2013

Apartment Summary | January - June

Median Rent Median Gross Yield

Fortitude Valley

Newstead

Teneriffe

$460 per week

$500 per week

$523 per week

5.57%

4%

4.26%

Buyer Origin 10% Interstate 20%

40%

Greater Brisbane Local International

30%

This information in this report is being provided by RP Data and MARS (McGrath’s CRM System), its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.

A Selection of McGrath Sales

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

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McGrath Magazine

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We have a dedicated Asia specialist who facilitates all McGrath agents when dealing with Chinese background clients, to ensure that communications are understood and transparent. *McGrath’s database of potential, qualified buyers currently includes approx. over 200,000 entrants at July 1, 2014

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