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RANGEVILLE MARKET REPORT TOOWOOMBA CITY REALTY

Summer 2011/2012

07 4632 8899


Hello and welcome to our quarterly update on the Rangeville Property Market Welcome to the Summer 2011/2012 edition of the Rangeville Market Report – keeping you up-to-date with property prices in your suburb. It is currently a very challenging market. There is no doubt that there is activity, but buyers are not afraid to give tough offers. Investors are looking for a rate of return of at least 6%. The majority of the enquiry is coming from the newspaper at the moment, whereas this time last year the majority of our enquiry was coming from the internet. Talking to Valuers, Rangeville house prices have dropped approximately 10% in the last 12 months.

Another rate reduction by the Reserve Bank would be greatly welcomed to further stimulate the market, but if forthcoming the next challenge would be whether the banks pass it on. Till the next report.

Michael Teahan 0418 717 887

Simone Files 0400 824 634

Recent Rangeville Statistics How many properties have been sold in Rangeville during the past quarter? How many properties are for sale in Rangeville today?

36 Approx 115

What is the highest sales price in Rangeville in the past three months?

$760,000

What is the lowest sales price in Rangeville in the past three months?

$200,000

What is the median sale price in Rangeville in the past three months?

$329,500

What streets had the most sales in the past three months?

Boshammer, Herronbee, Long


Recent sales in the Rangeville Property Market All care is taken to source accurate information. All information is sourced from www.pricefnder.com.au and www.realestate.com.au and contains properties sold by Toowoomba City Realty and other agents.

Address

Sold Date

Sales Price Summary

53 Boshammer Street

18/11/2011

$329,000

3 bed, 2 bath, 2 car, 740m2

10 Herronbee Street

24/11/2011

$480,000

5 bed, 2 bath, 2 car, 1,012m2

123 Aberdeen Street

04/11/2011

$760,000

5 bed, 3 bath, 2 car, 749m2

74 Long Street

07/11/2011

$269,000

4 bed, 1 bath, 2 car, 1,012m2

1/82 Alderley Street

18/11/2011

$200,000

2 bed, 1 bath, 1 car, unit

24 Weller Street

03/11/2011

$312,000

3 bed, 1 bath, 1 car, 617m2

36 Mina Street

02/11/2011

$275,000

3 bed, 1 bath, renovator, 718m2

60 Drummond Street

29/09/2011

$275,000

3 bed, 1 bath, 1 car, 1,012m2

18 Tracey Street

31/10/2011

$330,000

3 bed, 1 bath, 3 car, 827m2

11 Cooloola Drive

11/11/2011

$405,000

4 bed, 3 bath, 4 car, pool, 706m2

12 Murphy Street

16/11/2011

$280,000

3 bed, 1 bath, 1 car, 438m2

120 Tourist Road

31/10/2011

$340,000

2 bed, 1 bath, 2 car, 663m2

53 Boshammer St

10 Herronbee St

123 Aberdeen St

74 Long St

1/82 Alderley St

24 Weller St

36 Mina St

60 Drummond St

18 Tracey St

11 Cooloola Dr

12 Murphy St

120 Tourist Rd


Just Listed in Rangeville Address

Asking Price

Summary

57 Drummond Street

$439,000

3 bed, 2 bath, 2 car, 506m2

3/31 Webb Street

$320,000

3 bed, 2 bath, 1 car, townhouse

21 Rowbotham Street

$449,000

5 bed, 2 bath, 4 car, 807m2

16 Murphy Street

$269,000

3 bed, 1 bath, 1 car, 438m2

Get More Market Info... Free! As accredited members of the REIQ we are able to offer you access to ‘QLD Market Monitor’. Providing information focused on residential sales and rental research data throughout QLD, on a suburb by suburb basis, this is an invaluable tool for anyone interested in real estate. To receive your FREE electronic copy, simply email simone@tcrealty.com.au with the subject line: Send me the monitor! Alternatively, call us on 07 4632 8899 and we will be happy to post a copy to you.

When You Want to Sell, Sell with A Team Michael Teahan and Simone Files work together as a team to provide a personal, proactive and professional service to their clients and customers. Michael is the owner and Principal of Toowoomba City Realty and has over 13 years experience in real estate. Simone started in 2007 in sales and marketing with Toowoomba City Realty. Why have one Real Estate Agent when you can have two? Call us today to discuss how we can help you achieve your real estate goals.

Get Maximum Exposure Ensure your property stands out from the rest. When you list your property for sale with Toowoomba City Realty your property will immediately be advertised in the Rangeville Market Report. The report is distributed to prospective buyers, current Rangeville property owners and Rangeville investors. 125 Margaret Street, Toowoomba QLD 4350 Phone 07 4632 8899 | Fax 07 4632 8999 Email team@tcrealty.com.au www.tcrealty.com.au


Rangeville Summer 11-12