Woolloongabba Quarterly Update Q1

Woolloongabba

January - March 2024

Matthew has a likeable approach to people and is an engaging, dedicated and valued member of the R&W team, Matthew is always ready to go ‘the extra mile’ in achieving all client requirements.

Matthew Paxton

Senior Sales Agent

matthew@rwrp.com.au | 0499 401 381

Matthew began his Real Estate career in 2015 as a property manager after completing a apprenticeship trade and working in the construction industry for 6 years, this has given him valuable insight into all forms of building and housing. With Matthew excelling in the property management side of the industry he has transitioned into sales which he has always focused on doing.

With a passion for customer service and providing value to all, he understands the importance of contact with clients as well as being eager to get to know them and understand their needs.

Agent Stats

7

Total Value of Properties Sold

$572,490 $150,000,000

Average Sales Price

32 261

Average Days on Market

Total Sales

1,693 Years Experience

Enquiries Handled in Q3 2023

34 Over 11,305 3rd

Inspections Held in Q3 2023

Families Assisted with Their Real Estate Needs

Sales Agent within the Richardson & Wrench Network

Market Wrap

Woolloongabba has 143 units available for sale. The median property price for a unit is currently $570,000 with annual capital growth of 11.33%. There were 187 unit sales in the past 12 months. On average, units spend 20 days on market.

If you're thinking about buying an investment property in Woolloongabba, consider that rental yields for units are currently 5.60% with an average median rent of $602 weekly. Units have seen 2.06% growth in the past quarter, and 11.33% growth in the past 12 months.

The size of Woolloongabba is approximately 2.5 square kilometres. It has 10 parks covering nearly 2.5% of total area. The population of Woolloongabba in 2011 was 4,788 people. By 2016 the population was 5,640 showing a population growth of 17.8% in the area during that time. The predominant age group in Woolloongabba is 20-29 years.

Households in Woolloongabba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woolloongabba work in a professional occupation. In 2011, 37.9% of the homes in Woolloongabba were owner-occupied compared with 31.7% in 2016.

Woolloongabba offers an exceptional choice for upsizers, downsizers, investors, and first-time buyers, resulting in continued demand for the region in any market.

For more information on the current market in your local area, contact Matthew Paxton today on 0499 401 381.

Suburb sales growth chart

Suburb Sales Growth Chart - Houses

Suburb Sales Growth Chart - Units

Matthew Paxton's Recently Sold Properties

1012/62 Logan Road, Woolloongabba PRICE $900,000

BED 3 | BATH 2 | CAR 1

402/8 Holden Street, Woolloongabba PRICE $471,000

BED 1 | BATH 1 | CAR 1

609/8 Holden Street, Woolloongabba PRICE $530,000 BED 2 | BATH 2 | CAR 1

157/803 Stanley Street, Woolloongabba

PRICE $628,000

BED 2 | BATH 2 | CAR 1

20609/33 Manning Street, South Brisbane

PRICE $785,000

BED 2 | BATH 2 | CAR 1

1910/4 Edmondstone Street, South Brisbane

PRICE $870,000

BED 2 | BATH 2 | CAR 1

4605/15 Anderson Street, Kangaroo Point PRICE $900,000

BED 2 | BATH 2 | CAR 1

206/17-21 Duncan Street, West End PRICE $475,000

BED 1 | BATH 1 | CAR 1

153/803 Stanley Street, Woolloongabb PRICE $530,000

BED 1 | BATH 1 | CAR 1

3301/19 Anderson Street, Kangaroo Point PRICE $531,790

BED 1 | BATH 1 | CAR 1

508/21 Nile Street, Woolloongabba PRICE $450,000

BED 1 | BATH 1 | CAR 1

208/616 Main Street, Kangaroo Point PRICE $620,000

BED 2 | BATH 2 | CAR 1

1412/9 Christie Street, South Brisbane PRICE $1,100,000

BED 2 | BATH 2 | CAR 1

1504/4 Hubert

PRICE $670,000

BED 2 | BATH 2 | CAR 1

BED 3 | BATH 2 | CAR 2

Street, Woolloongabba

2/19 Springwood Street, Mount Gravatt East PRICE $800,000

$1,600,000

Highest Sale Price

Median House Price

13 $1,176,500

Median Days on MarketHouses

Median Days on Market - Unit

Number of House Sales

Average Rental PriceHouse

Median Unit price

4 $570,000

38

Number of Unit Sales

25 $752 +8.96% $637 +7.07%

Annual Capital GrowthHouses

Average Rental PriceUnit

Annual Capital GrowthUnits

Source: Data is provided by Pricefinder and is based on statistical market data. Whilst all reasonable effort is made to ensure the information in this publication is current, R&W Plus does not warrant the accuracy or completeness of the data and information contained in this publication.

Matthew Paxton's Recent Sales - Houses

40 Salisbury Street Woolloongabba PRICE $890,000

Date Sold: 02 April 2024

BED 2 | BATH 1 | CAR 0

47 Lockhart Street Woolloongabba

PRICE $1,220,000

Date Sold: 13 February 2024

BED 4 | BATH 1 | CAR 2

20 Railway Street Woolloongabba PRICE $1,600,000

Date Sold: 17 February 2024

BED 4 | BATH 2 | CAR 2

38 Salisbury Street Woolloongabba PRICE $850,000

Date Sold: 17 February 2024

BED 2 | BATH 2 | CAR 1

42 Salisbury Street Woolloongabba PRICE $950,000

Date Sold: 26 January 2024

BED 2 | BATH 1 | CAR 1

52 Qualtrough Street Woolloongabba

PRICE $2,385,000

Date Sold: 10 November 2023

BED 5 | BATH 3 | CAR 3

38 Redfern Street Woolloongabba PRICE $1,700,000

Date Sold: 10 November 2023

BED 5 | BATH 3 | CAR 4

30 O'Keefe Street Woolloongabba PRICE $910,000

Date Sold: 16 December 2023

BED 2 | BATH 1 | CAR 4

14 Lockhart Street Woolloongabba PRICE $1,260,000

Date Sold: 02 November 2023

BED 4 | BATH 3 | CAR 4

Matthew Paxton's Recent Sales - Units

1301/19 Deshon Street Woolloongabba

PRICE $660,000

Date Sold: 27 March 2024

BED 2 | BATH 2 | CAR 1

1012/62 Logan Road Woolloongabba

PRICE $900,000

Date Sold: 25 March 2024

BED 3 | BATH 2 | CAR 1

214/19 O'Keefe Street Woolloongabba

PRICE $405,000

Date Sold: 21 March 2024

BED 1 | BATH 1 | CAR 1

205/19 Deshon Street Woolloongabba

PRICE $510,000

Date Sold: 12 March 2024

BED 1 | BATH 1 | CAR 1

211/8 Holden Street Woolloongabba

PRICE $674,501

Date Sold: 17 March 2024

BED 2 | BATH 2 | CAR 1

507/17 Deshon Street Woolloongabba

PRICE $880,000

Date Sold: 21 March 2024

BED 2 | BATH 2 | CAR 1

1005/62 Logan Road Woolloongabba PRICE $560,000

Date Sold: 15 March 2024

BED 1 | BATH 1 | CAR 1

304/21 Nile Street Woolloongabba

PRICE $455,000

Date Sold: 05 March 2024

BED 1 | BATH 1 | CAR 1

11/3 Heaslop Street Woolloongabba

PRICE $699,000

Date Sold: 04 March 2024

BED 2 | BATH 2 | CAR 1

602/159 Logan Road Woolloongabba

PRICE $682,500

Date Sold: 28 February 2024

BED 2 | BATH 2 | CAR 1

20/45-51 Regent Street

Woolloongabba

PRICE $585,000

Date Sold: 16 February 2024

BED 2 | BATH 2 | CAR 1

10/45-51 Regent Street Woolloongabba

PRICE $595,000

Date Sold: 21 February 2024

BED 2 | BATH 2 | CAR 1

LOT 703/855 Stanley Street Woolloongabba

PRICE $617,500

Date Sold: 16 February 2024

BED 2 | BATH 1 | CAR 1

1501/19 Deshon Street Woolloongabba

PRICE $657,800

Date Sold: 18 February 2024

BED 2 | BATH 2 | CAR 1

1909/855 Stanley Street Woolloongabba

PRICE $450,000

Date Sold: 16 February 2024

BED 1 | BATH 1 | CAR 1

Our Agency Stats

How R&W Plus performed in Q1 2024

50 $35,133,714 25

Total Value of Properties Sold Average Days on Market

134,865

3,015 Properties Sold

Website Visits Enquiries Handled

3,588

Top 3 Families Assisted with Their Real Estate Needs

Sales agency within the Richardson & Wrench Network

Buyer Enquiries Graph

R&W Plus property listings attract significantly more enquiries than the market average.

What My Clients Say

Seller of Townhouse in Mount Gravatt East

From the beginning when considering our position and 2 valuations over the period of a year to pulling the trigger for the sale you were helpful in our considerations. The sale went smoothly and we sold for the high end of your consideration after I think the first open home. You worked with our tenant, actively negotiated issues with the buyer and the conveyancer. I have used R&W since the purchase of the property in 2017 to manage and then sell. All the people involved have been great to work.

Seller of apartment in Woolloongabba

Matthew was the agent i dealt with when i purchased our property a number of years ago, therefore made it very easy when it came time to sell. Matthew was easy to deal with, communicated effectively, and made the process seamless.

Seller of apartment in East Brisbane, QLD

Matthew was an amazing agent. I sold my unit with Matthew's assistance and the entire process was made very easy. He has great knowledge of the industry and puts that to very good use. He was always willing to assist and not pestering like other agents I have delt with. Would highly recommend using Matthew and hopefully you will achieve a higher than expected sales price like I did.

Seller of apartment in South Brisbane

Luke came and did an appraisal and put the property on the market for us. Within three weeks they had the property under contract and then a seamless settlement. During the sale activity they would keep us informed of the inspections and any feedback they got from prospective buyers. Both of them were so professional and we would have no problem using them again or even going to purchase through them. Professional, friendly team!

Seller of unit in South Brisbane, QLD

We highly recommend Matthew Paxton for his exceptional service in selling our property. Matthew maintained a positive attitude, ensuring a pleasant experience despite our remote location. He kept us fully informed, demonstrating excellent communication skills throughout the process. Matthew went above and beyond by undertaking various tasks on our behalf, managing property inspections, and addressing issues efficiently. Importantly, Matthew secured a premium price and fast settlement.

What My Clients Say

Buyer of unit in Woolloongabba, QLD

Very helpful and friendly, went beyond what is expected and closed a deal that I dont think would go through without Matthew. Will definitely go back to Matthew next time if I buy/sell property again.

Buyer of unit in Woolloongabba, QLD

We highly recommend Matthew Paxton for his exceptional service in selling our property. Matthew maintained a positive attitude, ensuring a pleasant experience despite our remote location. He kept us fully informed, demonstrating excellent communication skills throughout the process. Matthew went above and beyond by undertaking various tasks on our behalf, managing property inspections, and addressing issues efficiently. Importantly, Matthew secured a premium price and fast settlement.

Seller of apartment in Woolloongabba, QLD

Thanks Matthew, You exceeded all expectations and blew all other agents out the water from the starting presentation and enthusiasm, you & Edward achieved what many said was not possible!

To achieve the highest price for a 1 bed in the history of the Gabba Central building EVER! Almost doubling the value of my apartment in under 3 years!

Your passion, knowledge and seamless supporting team behind you is what makes you stand above all the rest!

Keeping in touch for next time

Seller of unit in Woolloongabba, QLD

From day 1 Matt set high expectations and to my astonishment he even exceeded these. He had a genuine care for all aspects and stages of the sale process. Matt’s professional, calm and effective sales expertise gets results. He kept me informed and involved and his personable approach made the sale stress free. Thanks again Matt

Seller of apartment in Woolloongabba, QLD

Most impressed with Matthew’s follow up and attention to detail. Communication is definitely his advantage over other agents as he left no stone unturned and provided every possible detail back to us. Would use him again and highly recommend his services. A trusted totally professional agent.

Paxton Senior Sales Agent

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