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August Real Estate Market Update

Real Estate market wrap by madeleine hicks real estate

Hey guys its Hayden from Madeleine Hicks real estate. It’s time for this month's market roundup McDowall had a quiet month with only 3 properties being sold 8 Macnee Street got the highest price of $720,000. Stafford Heights had a steady month with 5 properties being sold with the highest being 20 Broula Street which sold for $605,000. Stafford on the other hands prices may be on the rise with 7 properties being sold the highest being 5 Tathra Street which sold $690,000 and Everton Park takes the cake yet again with 11 properties being sold 28 Dargie Street had the highest price of $751,000.

You’ve may have noticed some recent roadworks in the local area as well as the traffic lights on Hamilton Road and Beckett Road being earmarked for improvement which will hopefully improve traffic flow in the area

Remember guys we are now in a magpie season so if you are out walking or riding don’t forget your trusty helmet we can twist their zip ties if you have thinking about selling or buying call me now I’m Hayden Owens

MCDOWALL RECENT SALES

Highest Sale Price: - $587,000Lowest Sale Price: - $310,000
Properties Sold: -  3Properties on the Market: - 23
AddressBedBathCarLand SizeSale Price
64 Beckett Rd523720$587,000
44 Hoffman Rd312668$523,000
106 Paramount Ct432700$310,000

STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $820,000Lowest Sale Price: - $525,000
Properties Sold: -  7Properties on the Market: - 26
AddressBedBathCarLand SizeSale Price
49 Normanton St5121108$820,000
20 Broula St312650$605,000
7 Geary St322657$560,000
61 Ringrose St311647$550,000
47 Flockton St312620$545,000

STAFFORD RECENT SALES

Highest Sale Price: - $877,000Lowest Sale Price: - $297,500
Properties Sold:- 9Properties on the Market:-  52
AddressBedBathCarLand SizeSale Price
61 Appleby Rd634620$877,000
53 Barokee St322653$716,000
16 Canonbar St312632$672,000
92 Rueben St312410$570,000
28 Ryena St311607$500,000

EVERTON PARK RECENT SALES

Highest Sale Price: - $751,000Lowest Sale Price:- $320,000
Properties Sold:-  18Properties on the Market:- 81
AddressBedBathCarLand SizeSale Price
28 Dargie St422746$751,000
6 Jadmar St312604$600,000
80 Griffith St322607$600,900
21 Venning St421404$580,000
11 Reedan St312607$555,500
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Hundreds of new homes at Arana Hills and Everton Park – coming soon

Mirvacs-planned-project-at-Everton-Park

ASX-listed Mirvac has continued to expand its Queensland pipeline, investing $18.6 million to acquire two new development sites in Brisbane’s northern middle ring.

The property group is in the process of obtaining development approval for the sites – at Arana Hills and Everton Park – which together will deliver about 220 new homes.

The Arana Hills site, which settled this week for $5.35 million in a deal negotiated by Colliers International’s Adam Rubie and Brendan Hogan, is on Plucks Rd, 11km from the Brisbane CBD.

Mirvac has proposed 77 three and four-bedroom townhomes on the site, each with two carparks, along with three home sites at Arana Hills. It will also boast elevated aspects to nearby green corridors, and a recreation area with a pool.

The company also acquired a 6ha parcel at Ashmore St, Everton Park, just 7km from the Brisbane CBD, in March for $13.25 million, in a deal brokered by Ray White Commercial’s Matthew Fritzsche and Andrew Burke.Mirvacs-planned-project-at-Arana-Hills

The planned development at Everton Park will feature 139 lots, including 54 home sites and 85 three and four-bedroom townhomes, all with double lockup garages.

The proposal also includes exclusive resident facilities with a pool and recreation centre, a native vegetated area bordering Kedron Brook cycle path and the retention and restoration of a heritage Queensland home, located at the community’s entrance.

Mirvac Queensland residential general manager Warwick Bible said the projects complemented Mirvac’s fast-growing residential portfolio in Queensland.

“We’re actively pursuing opportunities and progressing projects in key growth precincts across southeast Queensland and see Brisbane’s middle suburban ring as a prime location,” he said.

“Everton Park is a suburb we know well, having completed and sold-out of our $30 million Greystone Terraces community late last year, with all 56 homes purchased within 18 months.

“Demand for home sites and townhomes in this precinct remains extremely strong and we believe these planned new developments will also be well received.”

Mirvac is anticipating launching both communities in 2018, pending approval from the Brisbane City Council.

 

Source www.couriermail.com.au

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What $600,000 will buy in the Everton Park Region

what can $600,000 buy in Everton Park region

Recently the Treasurer Scott Morrison has been calling on state and territory governments to do more to stop house prices ballooning.

The amount households are borrowing from the bank is getting more disproportionate to their pay packet.

In Brisbane

The median weekly income per household in Brisbane is $1,388.

The average house price in Queensland’s capital was $497,000 in June 2016. This was 4.3% higher than the year before.

Prices haven’t risen in Brisbane as steeply as in Sydney and Melbourne, as the average price tag for a home was only $325,000 10 years ago.

So what can $600,000, get you in the Everton Park region.

McDowall

mcdowall-real-estate-what-600k-buys

7 Marx Street Mcdowall, QLD, 4053

This 3 bedroom, 2 Bathroom and 2 car garage, property on 587 m2, sold recently for $610,000.

Stafford Heights

stafford-heights-real-estate-what-600k-buys

22 Mumbil Street Stafford Heights, QLD, 4053

4 bedrooms, 2 bath, 2 car on 650m2 sold for $600,000

This is a very spacious family home that has been well looked after.

Stafford

stafford-real-estate-what-600k-buys

18 Karbala Street Stafford, QLD, 4053

3 bedroom, 1 bath, 1 car accomodation, on 610m2  sold for $607,000

This is currently a rental property returning a great yield.  The property is suitable for further development and has city views.

Everton Park

everton-park-real-estate-what-600k-buys

4 Ballinderry Street Everton Park, QLD, 4053

4 Bedrooms, 2 bathrooms, 2 car garage on 600m2 and sold for $607,000

A quality home that has been recently renovated with plenty of outdoor entertaining spaces.

Alderley

alderley-real-estate-what-600k-buys197 Raymont Road Alderley, QLD, 4051

3 Bedrooms, 1 bath 1 car accomodation on 375m2, sold for $585,000

This typical Queenslander located close to the city, has all of the charm of yesteryear.

Arana Hills

arana-hills-real-estate-what-600k-buys

83 Minto Crescent Arana Hills, QLD, 4054

This 4 Bedroom, 2 Bath, 2 Car Garage property on 658 m2 sold for $597,500

It was described as a luxuriously renovated ultra modern home with all of the creature comforts needed to relax.

Whilst $600,000 might not be a first home for many, it is clear that you can buy a whole lot of house in fantastic locations in the inner North West.