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October Real Estate Market Update

Real Estate Market Update

October Real Estate Market Update. Hello everyone, my name is Allie Coutts from Madeleine Hicks Real Estate and I’m doing the October roundup for sales that settled in October for our 4053 postcodes.

We’ll start with McDowall, there were just four properties that settled in McDowall in October and the highest of which was the one in Gielgud Street for $747,000.

For Stafford Heights, there were 7 properties that settled in October, 24 available. The highest of which was $631, 500 and that was the one in Caratel Street and $620, 000 for that property in Amott Street. In Stafford also 7 properties settled in October, 51 available and ranged from the high $860, 000 Gamelin Circuit, round to the low $200k for those units have settled.

For Everton Park that wins the competition, 11 properties settled in October, 92 available. The most impressive one is that large plot of land in Pullen Road which settled $1,200,000 and I then a lot of properties in the mid-fives up to 600, 000 thousand that settled in Everton Park. So that’s our market roundup for October. I hope to speak to you next month.

MCDOWALL RECENT SALES

Highest Sale Price: - $747,000Lowest Sale Price: - $362,000
Properties Sold: -  4Properties on the Market: - 46

 

AddressBedBathCarLand SizeSale Price
22 Gielgud Cr532834$747,000
4 Jagger St522556$705,000
6/195 Old Northern Rd311567$362,000
18 Brando St311771not disc

 


STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $631,500Lowest Sale Price: - $295,000
Properties Sold: -  7Properties on the Market: - 24

 

AddressBedBathCarLand SizeSale Price
28 Caratel St422683$631,500
32 Amott St312607$620,000
108 Niven St312567$575,000
28 Sedgemoor St213650$565,000
46 Sedgemoor312559$518,000

STAFFORD RECENT SALES

Highest Sale Price: - $877,000Lowest Sale Price: - $276,000
Properties Sold:- 7Properties on the Market:-  51

 

AddressBedBathCarLand SizeSale Price
38 Gamelin Cr312607$660,000
11 Bertram St312708$645,500
1/43 Collier St211101$345,000
5/195 Webster Rd211-$274,000
542 Webster Rd311607not disc

EVERTON PARK RECENT SALES

Highest Sale Price: - $1,200,000Lowest Sale Price:- $316,000
Properties Sold:-  11Properties on the Market:- 92

 

AddressBedBathCarLand SizeSale Price
73 Pullen Rd5224437$1,200,000
25 Deakin St422405$810,000
65 Fallon St311607$657,000
784 South Pine Rd521599$641,000
42 Hornby St322615$618,000
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September Real Estate Market Update

Hello, I’m Mary Di Marco from Madeleine Hicks real estate and I’d like to bring you the market roundup for September 2017 in the areas in which we predominate McDowall, Stafford Heights, Stafford and Everton Park.

In McDowall in September, there were 36 properties available to purchase of 5 properties sold. The highest price for a property was $585,000 which was 11 Peppard Street in McDowall and the lowest price was for a three-bedroom townhouse in Old Northern Road which sold for $365,000.

The low number of properties sold doesn’t mean that those properties aren’t popular. A lot of properties available in McDowall can be townhouses and sometimes there isn’t as big a demand for them.

Stafford Heights is the next suburb that I’d like to talk to you about, there were 23 properties available for sale of which 3 sold. The property at 49 Normanton Streets sold for $820,000, which is a fabulous price. It was a larger block over a thousand square meters. The lowest price sold was for a property at 83 Ringrose Street and that went for $535,000 dollars. It’s interesting that the properties in Stafford Heights are not being picked up by buyers as readily as some of the other suburbs. It could be the prices being asked aren’t considered to be of value to the buyers.

Stafford is a fabulous suburb, it has a lot of the post-war homes that were built as part of War Service. The highest price paid was for a home at 61 Appleby Road. This is a major road, however, this property would have had city views. It was on a 620 square meter block, however, it did sell for $877,000. There were 49 homes available for purchase in Stafford in September of which only 8 sold. The lowest price paid for the property was at 105 Jardine Street, which sold for $605,000. These are still very good prices in an older suburb that gives you easy access because it has all the amenities to the city and also there are good schools and hospitals around the area as well as good shopping centres.

My favorite suburb is Everton Park. I’ve lived there for a long time. The number of properties that were available for purchase in Everton Park in September was 75 of which 16 sold. Again these numbers can be a little bit deceptive. The number of units and townhouses available do skew these figures. The highest price paid for a property was at 9 Guinness Street at Everton Park. It sold for $641,000. The home at 19 Murch Street I listed and sold within a week and I had 3 offers on that property. It sold for $620,000 so good properties well presented will sell readily and there are buyers queuing up for them.

The market at the moment is very interesting. It’s a bit skittish at times due to indications that the property market is going up or coming down. The figures that are being presented by newspapers and banks and financial advisors are three months behind what the actual market is. If you see a property that you like, put in your offers, don’t miss out on it for a couple of thousand dollars. Put in your best offer, if someone else buys it for something above that price you won’t be upset because you didn’t miss out on it. You wouldn’t have paid that price.

I’d like to tell you about a fabulous property I’ve got at 17 Constancia Street Mitchelton. It’s on 1120m2 block. City views fabulously kept the family home. Post-war brick base chamber board and the property is just ripe for renovation. There are lots of new builds coming up.

If you looking for something very special whether you want to land bank the property or if you just want to buy a fabulous family home call me 0438 054227. I’m Mary DiMarco from Madeleine Hicks Real Estate.

 

MCDOWALL RECENT SALES

Highest Sale Price: - $585,000Lowest Sale Price: - $362,000
Properties Sold: -  5Properties on the Market: - 36
AddressBedBathCarLand SizeSale Price
11 Peppard St322613$585,000
4 Rafferty St432547not disc
51 Benning Pl422495$600,000
12 Paramount Cir412683$550,000
6/195 Old Northern Rd311576$362,000

 


STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $820,000Lowest Sale Price: - $535,000
Properties Sold: -  3Properties on the Market: - 23
AddressBedBathCarLand SizeSale Price
49 Normanton St5121108$820,000
83 Ringrose St311647$535,000
124 Wilgarning St412612not disc

 


STAFFORD RECENT SALES

Highest Sale Price: - $877,000Lowest Sale Price: - $456,000
Properties Sold:- 8Properties on the Market:-  49
AddressBedBathCarLand SizeSale Price
61 Appleby Rd634620$877,000
53 Barokee St322653$716,000
16 Canonbar St312632$672,000
14 Tathra St311610$643,500
105 Jardine St311607$605,000

 


EVERTON PARK RECENT SALES

Highest Sale Price: - $641,000Lowest Sale Price:- $325,000
Properties Sold:-  16Properties on the Market:- 75
AddressBedBathCarLand SizeSale Price
9 Guinness St422577$641,000
19 Murch St521610$620,000
4 Cayley St322584$590,000
23 Venning St321135$567,000
42 Mountridge St312607$540,000
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ANZ’s tighter lending rules in Brisbane, will hurt homeowners

Brisbane lending restrictions by madeleine hicks

The ANZ has told its brokers to tighten lending restrictions in 7 postcodes in Brisbane, where buyers will now need a 20 per cent deposit before they can borrow.

The bank said it would restrict owner-occupier and investment lending to a maximum of 80 per cent of the value of apartments in seven postcodes across Brisbane — including the trendy inner-city Spring Hill, Petrie Terrace and the CBD, where new apartment blocks have sprung up.

Other suburbs affected include Fortitude Valley, Bowen Hills, Newstead, Nudgee, Banyo, Virginia, Woolloongabba, Albion, and upmarket suburbs like Bulimba and Hawthorne.

ANZ has also released guidance to brokers on how best to accurately assess clients' financial situation, including keeping a record of their conversations.brisbane lending restrictions in place

An ANZ spokesman said the update was for a handful of Brisbane locations and was "part of our ongoing efforts to ensure we are lending responsibly and in consideration of all our regulatory responsibilities".

"We regularly look at a number of factors in relation to residential apartments to make sure we are meeting our responsibilities including, supply and demand, rental yield, vacancy rates and location," the spokesman said.

One of Brisbane's leading real estate agents, Madeleine Hicks said that "it is quite disturbing for people that are wanting to sell their homes if they are in those selected suburbs.  It has just got a whole lot harder."

"Potential purchasers will find it harder to get a loan in these suburbs, now meaning they may just by pass these areas"

"The suburbs that have had the restrictions put in place are those with a large number of unit developments going up.  It is important for council to balance the needs of developers and the existing residents when they consider new building applications." Hicks said.

List of suburbs affected
4000Brisbane CBD, Spring Hill, Petrie Terrace
4006Fortitude Valley, Bowen Hills, Herston, Newstead
4010Albion
4011Clayfield, Hendra
4014Banyo, Nudgee, Virginia
4102Dutton Park, Woolloongabba
4171Hawthorne, Bulimba, Balmoral
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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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July Real Estate Market Update

MCDOWALL RECENT SALES

Highest Sale Price: - $720,000Lowest Sale Price: - $525,000
Properties Sold: -  3Properties on the Market: - 21
AddressBedBathCarLand SizeSale Price
8 Macnee St43 2881$720,000
23 Harlow Pl522660$685,000
42 Hoffman St312660$525,000

STAFFORD RECENT SALES

Highest Sale Price: - $725,000Lowest Sale Price: - $500,000
Properties Sold: -  10Properties on the Market: - 53
AddressBedBathCarLand SizeSale Price
3-48 Theodore St633607$725,000
5 Tathra St321607$690,000
63 Macnaughton St312607$628,500
7 Hoolan St422764$600,001
89 Clifford St21-642$557,000

STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $605,000Lowest Sale Price: - $410,000
Properties Sold:- 6Properties on the Market:-  10
AddressBedBathCarLand SizeSale Price
16 Koolewong St422799$605,000
39 Normanton St312655$565,000
11 Aldren St312604$516,500
3 Beta St422620$490,000
11/184 Trouts Rd321-$410,000

EVERTON PARK RECENT SALES

Highest Sale Price: - $725,000Lowest Sale Price:- $337,000
Properties Sold:-  9Properties on the Market:- 91
AddressBedBathCarLand SizeSale Price
93 Gordon St333809$725,000
19 Cutbush Rd422411$672,000
22 McAdam St321607$662,900
88 McIlwraith St404$460,000
25 Newhaven St311680$450,000

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Should You Keep Or Sell Your Property Located in a Gentrifying Suburb?

Should You Keep Or Sell Your Property Located in a Gentrifying Suburb

Predicting the next suburb to turn from bogan to batch-brew has long been a sure-fire investment strategy. We ask, what are the cues for selling your property located in a gentrifying suburb?

Hipster’ suburbs such as Brunswick and Fitzroy in Melbourne and Darlinghurst in Sydney have well and truly gentrified. So, will your suburb be next? And if so, should you keep your property or sell?

5 signs that your suburb is gentrifying:

1. A coffee shop influx. Put it this way, baristas won’t survive unless they’re in an area where there are youthful, suit-wearing locals. Small, hole-in-the-wall coffee shops offering a ‘black’ or ‘green’ latte have hipster written all over it.

2. Art. These days, industrial, arty, graffiti-filled streets are all the hype.

3. Old warehouse buildings revamped into shared office space.

4. Small dogs. Sausage dogs and French bulldogs in particular.

5. Old warehouse buildings revamped into shared office space.

So, should you sell your property now or wait?

Should You Keep Or Sell Your Property Located in a Gentrifying Suburb

If you’re ready to move on, and your property is in the heart of a suburb on the verge of booming, choosing to sell now could be the best decision. However be careful, your suburb may be ‘hip and happening’, but if your property isn’t close to a busy strip, public transport or arterial roads, it might be worth holding onto for now – at least until your suburb is further developed. If you’re not already renting your property out, perhaps consider doing so – young professionals will pay big bucks to live amongst a gentrifying suburb.

It’s a great idea to start by chatting to your local real estate agent. If you’re unsure of whether to sell now, a good agent will be able to give you the low down on local properties similar to yours and an indication of whether now is the right time to sell. We know that Justin Hicks is the most Hip Real Estate agent is this area so he will be able to give you the good oil on what happening in this area.

You can contact Justin at 0422 292 268

Someone paid nearly $1 million for this renovation nightmare

 

A house in the Queensland suburb of Kedron sold for nearly $1 million last month, but it could be beyond repair.

The property (complete with two bedrooms, one bathroom and no car park) was sold by the Public Trustee, and the deterioration of the house indicates that it may have belonged to a deceased estate.

Many investors look to Public Trustee auctions for a great deal, so you could be forgiven for raising an eyebrow when this house sold for $976,000 – almost $300,000 above the median house price for Kedron.

That is, until you realise that 22 Gail Street is actually set across two 405 square-metre lots and located just eight kilometres from Brisbane CBD.

When there’s an opportunity to subdivide a property and sell off multiple dwellings or plots, the value instantly increases. Especially if demolition of the existing property looks like it might one day be carried out by a stiff breeze.

The description for the property on realestate.com.au contains only a halfhearted attempt to position it as a renovation opportunity, suggesting ways that the property could be improved before stating that “the greatest worth may be to investigate with the local council authorities the ability to redevelop the site utilising the dual lots”.

The listing also recommends any prospective buyers get a head start on their due diligence, so one can only hope those who signed the papers had the go-ahead.

Close to Padua College, Kedron Primary and Stafford City Shopping Centre, and within easy reach of public transport, the Kedron location is ideal.

The new owners will have to check for any use of asbestos, given that the construction of the building occurred circa 1920. However, if none is present, the timber framework, pine floors and VJ interior are already leaning precariously, and might be easily knocked down with a well-placed kick.

Would you attempt a renovation for this property, or would you start phoning demolition companies?

Want to find out how much your House is Worth in the Current Market??  Talk to the guys at Madeleine Hicks Real Estate Ph (07) 3355 6845

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May Real Estate Market Review

may real estate market roundup

Hello, I'm Mary Di Marco and I'd like to give you the market update for the areas surround our office on the north side of Brisbane.

The first area want to talk about is McDowall, the property that sold for the highest price during the month of May was 57 Hackman St., it sold for $726,000. Four properties sold during May in that area of the twenty six that were available.

McDowall is highly desirable for people that want to send their children to the schools that fall in that area. In particular, the Northside Christian College and the McDowall State School. Both have very good reputations and are highly regarded. Parents choose to move into the area for that reason.

As well McDowall has fabulous shops, good transport routes and has a good mix of older and newer houses.

The second area I like to update you on is Stafford Heights. Now, there was a property there Remick Street number 23 which said the record for that street it sold for $628,000. There were nine properties that sold in Stafford Heights during May of the 14 available for purchase.

Stafford Heights is a slightly older area. It has a combination of redevelopment sites as well as that, some of the properties have wonderful views to the city and again they are well served by bus routes in the area. There's a good number of schools that you can send your children to and there's quite a few shopping centres there available.

A lot of older people prefers to stay in the area, so some of the units coming online that's where they are moving into.

The next area is my favourite Everton Park, I lived in the area for 30 years and I loved it. The highest price paid for property in that area was in Turner Street. It was a large site and a development site because it falls within a community hub. Which means that it's 400 meters within having complexes shops, transports. That sold for 1 million dollars. The next highest price was a house that sold in Trouts Estate, number eight Heysen Street. That property sold for $710,000.

Trouts Estate always attracts very good prices for its properties and again its well regarded. It does fall close to the Northside Christian College. It has a good number of shops to choose from there are good bus routes around the area.

Of the properties available in May in Everton Park 18 homes sold.

The final property area, I'd like to talk about is Stafford. Stafford is an area that was develop probably in the 50s and 60s. It had a few industrial areas particularly the Tannery and Stafford Road. Once that moved out and the Woolworth Complex was developed it did start to see a regeneration in the area. A lots of unit are going up. It's well service by transport and again a lot of the community housing that was available has been sold off and some of those homes that got delightful views of the city.

The highest sale was $740,000 and that was 98 Byth Street. The properties available for purchase they were 51 of those 14 sold. The market at the moment, although some of those figures of availability don't indicate. It is actually seller's market. A lot of properties available particularly in Everton Park are units, and units are taking bit longer to move at the moment. Although good properties well presented always sell in any market.

The area that I want to talk to about was the fact that it is now a sellers market. In a sellers market it's usually indicative by, there are more buyers that come to inspect properties quite often offers are received on the first day. Generally more than one offer. And in most instances they are above the asking price, and properties usually go to contract within the first fourteen to twenty one days. If it doesn't, then the asking price is too high in general feedback from buyers.

Lovely speaking with you and I hope to see you in future. Thank you.

MCDOWALL RECENT SALES

Highest Sale Price: - $726,000Lowest Sale Price: - $585,000
Properties Sold: -  4Properties on the Market: - 26
AddressBedBathCarLand SizeSale Price
57 Hackman St42 2815$726,000
9 Mayo St322592$635,000
29 Voigt St322713$585,000
1/11 Tuckeroo St321-$509,000

STAFFORD RECENT SALES

Highest Sale Price: - $740,000Lowest Sale Price: - $468,000
Properties Sold: -  14Properties on the Market: - 51
AddressBedBathCarLand SizeSale Price
98 Byth St

Street Record Price

322804$740,000
109 Haig St221663$692,500
23 Leiper St311908$675,000
112 Armfield St312612$650,000
357 Stafford Rd1034400$630,000

 

STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $628,000Lowest Sale Price: - $474,000
Properties Sold:- 9Properties on the Market:-  14
AddressBedBathCarLand SizeSale Price
23 Remick St322620$628,000
20 Wyman St412731$600,000
7 Besson St424587$560,000
171 Appleby Rd311678$520,000
8 Wilgarning St211607$500,000

 

EVERTON PARK RECENT SALES

Highest Sale Price: - $1,000,000Lowest Sale Price:- $275,000
Properties Sold:-  18Properties on the Market:- 90
AddressBedBathCarLand SizeSale Price
25 Turner St

Street Record

3112018$1,000,000
8 Heysen St

Street Record  previous best $553000

422697$710,000
10/137 Flockton St---123$700,000
118 Gordon Pde311809$671,000
4 White St322405$670,000

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Area Ripe For Development or Should it be Saved?

area ripe for development or should it be saved

McDowall residents want Brisbane City Council to buy land slated for a town house development to help save the suburb's remaining wildlife.

The residents say the site, between Nicholas and Borgnine streets, is part of a fast disappearing ecological corridor which is home to koalas, echidnas and wallabies. This leafy pocket is fast becoming a hot spot for townhouse developments.

Photographs of dead wildlife including two echidnas were recently posted to a local Facebook page.

Residents' spokesman Cam Standon said the council had underrated the land's value to the community.

'It (the development) is wrong - it changes the character of the area", Mr. Standon said.

He approached Councilor Norm Wyndham (McDowall) about securing the site. Mr. Standon said Cr Wyndham told him that there were more important sites.

Cr Wyndham did not respond to questions from the North-West News, nor did the developer.

The application for 10 units at 17 Nicholas St. and 10A Borgnine St. is being assessed by the Council.

Mr. Standon said: "There are plenty of places for people to live but there are less and less spaces for wildlife.

"Purchasing this land would be a win for the community."

Professionals Everton Park principal Brian Brady said the northwest corridor was the logical place to accommodate the increase in population.

"It is a burgeoning area and it can accommodate it," he said. "The secret (to its success) will be how council deals with that, how they achieve the balance," Mr. Brady said.

"At the moment I think we have balance by default council are very particular about protecting certain strips and species, "he added.

Source: Quest Newspapers

At Home With The Nest

At Home With The Nest

At Home With The Nest

Saturday 17th June 6.00pm

Cost  $35.00

Come join us for a night of fine food and friendship
With the Nest Community in our
Fabulous Queensland home.

*Workshop Displays * Guest Speaker *Lucky Door prizes and Raffle

*Beautiful Handcrafted items for sale

Our Haberdashery will also be open with its extensive range

Of donated fabric and Art and Craft supplies

All funds raised will support The Nest Community, a volunteer run, not for profit organization supporting women and children of all generations and backgrounds to gather, learn and connect with each other

FOR MORE INFORMATION EMAIL OR CALL US, WE WOULD LOVE TO HEAR FROM YOU info@nestcommunity.org.au

07 3355 7241 OR Gladys 0437 154 770

720 South Pine Rd, Everton Park  Q  4053