South Brisbane Market Update Second Quarter 2021

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Richardson&Wrench

South Brisbane

Quarterly Market Update April - June 2021


Luke Westmore

“To give real service, you must add something which cannot be bought or measured with money, and that sincerity and integrity.”

Emerging as one of the area’s most passionate agents, Luke’s integrity, honesty, fresh outlook, and understanding nature has seen him make his mark in the rapidly populating South Brisbane, Kangaroo Point and West End real estate markets. A devoted husband and father of four, Luke understands the emotion involved in property; whether it be buying or selling a family home or investment for your family’s future, Luke realises that it’s one of the biggest decisions of your life. It’s his down-to-earth nature that has earned him a reputation as a trusted advisor, which contributes to his undeniable success for over 15 years in management, marketing, and sales. These are the types of skill-sets that complement this role and see him in fierce demand and highly regarded by both clients and colleagues.

Luke Westmore

Executive Sales Agent luke@rwbrisbane.com.au | 0488 660 542

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© 2021 R&W. All Rights Reserved.

R&W | 2021 Q2 Quarterly Market Update


Selling off the Market The way we live and work is changing daily

We have privately sold 1000’s of properties

and so is the way we buy and sell property.

Off-Market via these methods where other

Selling off the market; where there is no public

agents failed and wasted vendors' time and

advertising, is increasingly becoming the new

money on extra advertising.

normal for real estate.

Want to know how this would work for you or

With an off market sale there is:

what the ‘Off-Market’ value of your property

- No signage

is?

- No newspaper advertising

- No big marketing budget

- No mass open homes or auctions

- 24/7 concierge team with digital

contracts via docusign

Speak to Luke Westmore, the South Brisbane and West End Off-Market expert. 0488 660 542 luke@rwbrisbane.com.au

Luke Westmore and his team have been privately matching off-market properties with qualified buyers for many years.

R&W | 2021 Q2 Quarterly Market Update

© 2021 R&W. All Rights Reserved.

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South Brisbane Units $487,500

$

Median Price

$475

Weekly Median Rent

219

5.98%

Number of Sales

Quarterly Growth

5.07%

92.96

Gross Rental Yield

Days on market

Recent Sales in South Brisbane

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1

1

20705/23 BOUQUET STREET $475,000 Date Sold: 29 Jun 2021

2

2

1

1115/161 GREY STREET $560,000 Date Sold: 21 Jun 2021

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© 2021 R&W. All Rights Reserved.

2

2

1

1209/27 CORDELIA STREET $548,000 Date Sold: 25 Jun 2021

1

1

1

126/20 MONTAGUE ROAD $220,000 Date Sold: 14 Jun 2021

2

2

1

1005/66 MANNING ST $415,000 Date Sold: 23 Jun 2021

2

2

1

501/8 CORDELIA STREET $465,000 Date Sold: 07 Jun 2021

R&W | 2021 Q2 Quarterly Market Update


Luke Westmore Recently Sold Properties $

77.25

$556,000

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Average Sale Price

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2

1

66610/232 WELLINGTON ROAD, KANGAROO POINT, QLD 4169 CONTACT AGENT FOR PRICE Date Sold: 14 May 2021

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2

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THORNLANDS, QLD 4164 CONTACT AGENT FOR PRICE Date Sold: 28 Mar 2021

R&W | 2021 Q2 Quarterly Market Update

Average Days on

Number of Sales

2

2

1

401/9 CHRISTIE STREET, SOUTH BRISBANE, QLD 4101 $760,000 Date Sold: 29 Apr 2021

2

1

1

3/14 FOSTER STREET, NEWMARKET, QLD 4051 $340,000 Date Sold: 31 Jan 2021

Marke

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2

1

1/18 BRADLEY AVENUE, KEDRON, QLD 4031 $585,000 Date Sold: 28 Mar 2021

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2

1

401/16 MERIVALE STREET, SOUTH BRISBANE, QLD 4101 $384,500 Date Sold: 14 Jan 2021

© 2021 R&W. All Rights Reserved.

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What My Clients Say SELLER OF APARTMENT IN SOUTH BRISBANE Luke earned his commission, he worked extremely hard to sell my property during Covid and achieved a great price. He kept me informed all the time and had taken on tasks that helped me to sell the property. If I could recommend a property agent, it would be Luke hands down, he has been incredible and the work he has put in has been amazing. If you want a real estate agent that will work for you and achieve outstanding results, look no further than Luke, I cannot recommend him enough.

SELLER OF APARTMENT IN SOUTH BRISBANE Dear Luke, I just wanted to let you know how happy I am with the sale of my unit in South Brisbane. Your professionalism and knowledge of the South Brisbane area are fantastic along with your negotiation skills. As I live in Sydney it was important to me to have someone who could sort everything out for me without me being involved. You did that amazing well and I can't thank you enough. It goes without saying that I would highly recommend you to anyone thinking of selling.

SELLER OF UNIT IN SOUTH BRISBANE Dealing with Luke was a pleasure. He has sound knowledge of the market and was able to give us honest information when we needed it. We never once felt pressured into anything. Luke also went the extra mile and took extra steps to make sure the sale went smoothly.

SELLER OF UNIT IN NEWMARKET Luke is by far the most impressive real estate agent I've had the pleasure of working with. He was hugely knowledgeable and responsive, achieved my ideal sale price and went above and beyond for assisting with other tasks which needed doing, for example, liaising with the builder that was doing final touches on renovations, connected me with a brilliant solicitor amongst many other things. I cannot recommend Luke Westmore highly enough. I'll only ever sell my properties through Luke.

SELLER OF TOWNHOUSE IN KEDRON Luke is everything we could have hoped for in an agent and more! We had originally been speaking with another agent and were sick of being told all the reasons why we weren’t going to sell for what we wanted. Well Luke sold not 1 but 2 properties in a matter of weeks for WAY over the price we had been appraised by another agent. It is so refreshing to find an agent who comes through with his promises and looks after both his buyers and sellers.

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© 2021 R&W. All Rights Reserved.

R&W | 2021 Q2 Quarterly Market Update


R&W | 2021 Q2 Quarterly Market Update

© 2021 R&W. All Rights Reserved.

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Proud ly Luke Westmore Executive Sales Agent

Email: luke@rwbrisbane.com.au Phone: 0488 660 542


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