Your place in the market. September Quarterly Report 2017 | Jody Green
SOLD BY PLACE KANGAROO POINT $1.25M 36 WHARF STREET, KANGAROO POINT
September Quarterly Report 2017 | Jody Green
Hello, and welcome. With so much talk of an ‘over supply’ of apartments in Brisbane, a quick check around Kangaroo Point confirms there is indeed a lot of activity with new projects, either under construction or due for completion in the next few years.
That being said, we are finding that there’s still strong demand for larger apartments’ with city or river views, as many ‘baby boomers’ continue to make a change from the family home to a more convenient lifestyle. With Christmas only 8 weeks away, there is still time to list and sell your property, or you may want to kick start your New Year with a new purchase. Talk to you soon,
Jody Green Kangaroo Point specialist Place Estate Agents
facebook.com/jodygreen.placekangaroopoint/
September Quarterly Report 2017 | Jody Green
New Projects in Kangaroo Point. THE DUKE APARTMENTS – COMPLETED 125 apartments over 15 levels comprising 1, 2 & 3 bedrooms. The building boasts two rooftop entertaining areas for residents, with BBQ, dining and lounge spaces, outdoor cinema and lap pool. LINTON - 91 & 97 LINTON STREET, KANGAROO POINT – COMPLETED 144 apartments priced from $369,000 - $1.4 M THE MARC – THOMAS STREET, KANGAROO POINT – COMPLETED 69 Apartments from $572,000 - $606,000 MAGNUS – 66 LAMBERT STREET KANGAROO POINT (ESTIMATED COMPLETION FEB/MAR 2018) 69 Apartments boasting ‘top of the range’ finishes over 12 levels, with four level basement parking, plus rooftop entertaining area with swimming pool. LUME – 25 SHAFSTON AVE KANGAROO POINT (ESTIMATED COMPLETION MAR 2019) 119 Luxury apartments, comprising 1,2,3 & 4 beds from $430,000 to $1.59M BANYAN TREE – 8 RIVER TCE KANGAROO POINT (ESTIMATED COMPLETION DEC 2019) 76 apartments from $795,000-$6.95M THE DOMAIN – 36-48 LAMBERT STREET, KANGAROO POINT (ESTIMATED COMPLETION JAN 2020) 200 apartments from $444,000 - $2.8M WALAN – 2 SCOTT STREET – ABSOLUTE RIVERFONT (ESTIMATED COMPLETION JUN 2018) 17 full floor apartments plus ground floor pool and gym. Average price $4M – SOLD OUT (11 sales transacted by Place Kangaroo Point)
2 SCOTT STREET, KANGAROO POINT
September Quarterly Report 2017 | Jody Green
Kangaroo Point Statistics.
Median Sale price in Kangaroo Point – The median sales price for units in Kangaroo Point in the last year was $510,000 based on 217 home sales. Compared to the same period five years ago, the median unit sales price for units increased by 7.8% which equates to a compound annual growth rate of 1.5%.
September Quarter
Rental yield in Kangaroo Point
At a glance Number of apartments sold in Kangaroo Point during the last quarter
26
– realestate.com.au data suggests there is average demand from people looking to rent units in Kangaroo Point. – The rental yield for units in Kangaroo Point was 4.6% based on 940 property rentals and 217 property sales over the preceding 12 months.
Number of apartments on the market in Kangaroo Point at present
148
Highest sale price in Kangaroo Point during the last quarter
$1,550,000
Lowest sale price in Kangaroo Point during the last quarter
$275,000
People
$510,000
– 68.4% of residents are maturing and established Independant groups.
Median sale price in Kangaroo Point during the last quarter Street with the most sales during the last quarter
Thorn Street
Top street by median dollar value
Thorn Street
Lowest street by median dollar value
Duke Street
– 30.9% of residents are couples and singles under 35. – .7% of residents are young families.
September Quarterly Report 2017 | Jody Green
Recent sales. Property
Price
Bed
Bath
Car
2/33 Duke Street Kangaroo Point
$275,000
1
1
1
15/15 Goodwin Street, Kangaroo Point
$378,000
1
1
1
82/1 Goodwin Street, Kangaroo Point
$680,000
2
2
2
12/89 Thorn Street, Kangaroo Point
$380,000
2
2
1
37/1 Goodwin Street, Kangaroo Point
$601,000
2
2
1
4/19 Thorn Street, Kangaroo Point
$370,000
1
1
1
4/62 Bromley Street, Kangaroo Point
$380,000
2
1
1
19/19 Thorn Street, Kangaroo Point
$530,000
2
2
2
35/83 O’Connell Street, Kangaroo Point
$375,000
2
1
1
5038/55 Baildon Street, Kangaroo Point
$490,000
2
2
1
114/15 Goodwin Street, Kangaroo Point
$410,000
1
1
1
2109/25 Anderson Street, Kangaroo Point
$465,000
1
1
1
415/36 Anglesey Street, Kangaroo Point
$480,000
2
2
1
902/188 Shafston Ave, Kangaroo Point
$150,000
1
1
0
2105/25 Anderson Street, Kangaroo Point
$752,000
2
2
1
58/161 Main Street, Kangaroo Point
$459,000
2
2
1
45/321 Main Street, Kangaroo Point
$355,000
1
1
1
21/10 Park Avenue, Kangaroo Point (East Brisbane)
$740,000
3
2
2
22/83 O’Connell Street, Kangaroo Point
$440,000
3
2
1
9/98 Thorn Street, Kangaroo Point
$1,400,000
3
2
2
17/153 Lambert Street, Kangaroo Point
$400,000
2
2
1
224/36 MacDonald Street, Kangaroo Point
$420,000
2
1
1
20/89 Lambert Street, Kangaroo Point
$654,000
3
2
2
505/44 Ferry Street, Kangaroo Point
$420,000
2
2
1
33/78 Cairns Street, Kangaroo Point
$860,000
3
2
2
24/15 Goodwin Street, Kangaroo Point
$410,000
1
1
1
32/98 Thorn Street, Kangaroo Point
$1,550,000
3
2
2
September Quarterly Report 2017 | Jody Green
RECENTLY SOLD BY JODY
20 GLOUCESTER STREET, SPRING HILL $1,100,00
1901/132 ALICE STREET, BRISBANE $810,000
32/98 THORN STREET, KANGAROO POINT $1,550,000
September Quarterly Report 2017 | Jody Green
What others are saying. “As Gold Coast residents we have known Jody for 20 plus years and in that time we could never fault Jody’s professionalism toward her real estate career. We recently sold our unit in Brisbane and Jody’s expertise made the selling process seamless. We have absolutely no hesitation in recommending Jody to anyone wanting a stress free and courteous experience in the real estate world.” WAYNE & CHERYL MACRAE – 1901/132 ALICE STREET, BRISBANE
“We recently sold our family home and were looking to downsize into an apartment on the Brisbane River. After a number of open inspections with various Agents, we were introduced to Jody Green who had just listed an amazing apartment that ticked all our boxes. Jody kept us totally informed throughout negotiations all the way through to settlement. She is an extremely pleasant and consummate professional. We have no hesitation in recommending Jody.” CASPER AND GAYE – UNIT 11/98 THORN STREET, KANGAROO POINT
FOR SALE – 47 LAIDLAW PDE, EAST BRISBANE Absolute riverfront home on 395m2, north east aspect with stunning city views
Jody Green 0419 791 754 jodygreen@eplace.com.au