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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

 

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April Real Estate Market Review

April Real Estate Market Review

April Real Estate Market Review

 

play video here

Hi, and welcome to Madeleine Hicks Real Estate Market Round Up for the month of April. Coming into these cooler months, you might find that there will be less properties on the market and a fair fewer sales but there are still bargains to be had.

Let's have a look at McDowall. McDowall highest sale for the month was 9 Blake Cl selling for $740,000 and the lowest sale at 25/28 Keona Rd sold for $404,000.

In Stafford Heights, the highest selling price was at 114 Moree St. selling for $840,000. This was the street record. The previous best price was $638,000. In the month, there was 11 properties sold, and there's currently 24 properties available for sale.

In Stafford, the highest price was at 46 Minimine St. selling for a whopping $1,080,000 and there's currently 47 properties for sale with 10 sold in that month. In 34 Sheehy St. Rd, there was a record sale for the street at $885,000 while the previous sale was $648,000.

Back at home in Everton Park, the highest sale for the month was at 19 Warringah St. This property was fully renovated. Had fantastic views of the city and mountain, and it's sold for $662,000 in just three weeks. 8 properties sold that month with the total of 78 available currently for sale.

With some great prices achieved throughout the suburbs of the 4053 postcode, if you are thinking of selling now is the great time to get in before the winter months and get a great price in your property.

I'm Justin Hicks for Madeleine Hicks Real Estate call me today to find out how much your property is worth.

 

MCDOWALL RECENT SALES

Highest Sale Price: - $740,000Lowest Sale Price: - $404,000
Properties Sold: -  3Properties on the Market: - 19
AddressBedBathCarLand SizeSale Price
9 Blake Cl52 2711$740,000
10 Janssen St322604$500,550
25/28 Keona Rd322220$404,000

STAFFORD RECENT SALES

Highest Sale Price: - $1,080,000Lowest Sale Price: - $367,500
Properties Sold: -  10Properties on the Market: - 47
AddressBedBathCarLand SizeSale Price
46 Minimine St522607$1,080,000
34 Sheehy St

Street Record previous best $648,000

522607$885,000
54 Minimine St311597$725,000
16 Crawford St423405$690,000
39 Buddina St311607$690,000

 

STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $840,000Lowest Sale Price: - $525,000
Properties Sold:- 11Properties on the Market:-  24
AddressBedBathCarLand SizeSale Price
114 Moree St

Street Record previous best was $638,000

422405$840,000
22 Wyman313642$707,500
7 Giles St

Street record previous best $435,000

321653$642,000
2 McQueen St313701$615,000
10 Sarina St312696$580,000

 

EVERTON PARK RECENT SALES

Highest Sale Price: - $662,000Lowest Sale Price:- $363,000
Properties Sold:-  8Properties on the Market:- 78
AddressBedBathCarLand SizeSale Price
19 Warringah St422688$662,000
7 Cootha St312612$609,000
1 Baden Powell St423665$600,000
14 Streeton Pd312546$572,500
28 Drake St412556$485,000

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Chermside boom puts squeeze on residents

Chermside boom puts squeeze on residents

CHERMSIDE Shopping Centre’s magnetic attraction, combined with the arrival nearby of more than a dozen apartment blocks and still more to come, has been a boon for local businesses — but it’s put the squeeze on locals.

The shopping centre, which has paid parking and houses a major bus hub, sees commuters as well as local workers choke the streets on weekdays to avoid paying fees.

The parking issues is the only downside to an otherwise thriving suburb where the median house price increased by $45,000 to $590,000 in 2016 while apartment prices dipped $5,000 to $435,000, according to a local real estate agent.

Chermside, with two popular large parks, Marchant and 7th Brigade, a newly upgraded public library and an Aquatic Park, was a suburb family friendly place to live.

“The bus hub is a great asset but … you don’t have independent parking and a lot of people used to park at Chermside until they put in timed parking and now they have to find street parking if they want to catch a bus,”

Chermside boom puts squeeze on residents
Vacant land at Chermside ready to be developed.

The apartment boom may not have been great for parking but it’s been most welcomed by Thai restaurant Tosakan co-owner Thanapon Vutthavanich.

The Thai eatery has been open for seven years and is situated is on the bottom floor of one the first major apartment blocks to open in Kittyhawk Dve.

It also sits within 30 metres of the east side pedestrian entrance to Chermside Shopping Centre which has at least two food courts open every trading day.

“We were the first shop in this building and around here, and the first three years were very tough, and then in the fourth year it started to get better,” he said.

“Now with more population, not like seven years ago, we have more business and our customers are aged around 50-years-old ... and we are different to the food court because we are a restaurant.”

Across the road from Tosakan is the Kedron-Wavell RSL which has been on the same site for almost five decades.

Marketing manager Vjorn Bradow said the RSL has yet to see its membership grow in line with the influx of new residents but they have become entwined in the parking chaos.

“It’s absolutely more difficult for parking and it has affected us and we now have someone manning the car park every morning,” she said.

Chermside boom puts squeeze on residents
Thai restaurant Tosakan co-owner Thanapon Vutthavanich outside his restaurant in Chermside.

“The area is definitely growing and we will certainly prosper down the track but at this stage it isn’t our clientele, so to speak.”

Chermside, which is 3.4sq kilometres, is not an overly big suburb and, even though there are another 400 apartments due to open over the next 12 months, there are still plenty of houses at affordable prices.

Houses within development zones are attracting inflated prices because of land hungry developers but outside of that zone you can buy a three bedroom abode for under $550,000.

“The median house price could be falsely inflated because you need to take out the residential houses sold from houses within development areas,” he said.

“We are going to get to the phase where housing affordability will get too high and people will regress and go back into the unit buying.”

Step a couple of hundred metres away from Chermside Shopping Centre along Gympie Rd, and you’ll find Amici Deli among a strip of shops, including a TAB and bakery, which offers free parking.

Chermside boom puts squeeze on residents
Amici Deli owner Josie Bonomo.

Owner Josie Bonomo said she focuses on attracting and retaining customers by offering quality service and genuine Italian foods and ingredients for sale.

“The more apartments the more business, but we do have customers from local offices and shops, the motel across the road and even from the hospital,” she said.

“We try to be something different from the supermarkets and we concentrate on a lot of specialised foods, sauces and pasta from Italy.

“Our bonus is free parking and there it’s always easy for people to park.”

 

Originally published Courier Mail.

March Market Place Review

March Market Place Review

Welcome to the March Market Roundup.

I'm filming today from the City Vista apartments, and I am in one of the glorious skyline apartments available for your purchase now. Let's start with McDowall. They were 10 recorded sales and with the highest being $805,000 in Nicholas St. and that was 20% higher than previous record sales for the area. Currently, there are 17 available properties in McDowall at the day of filming.

For Stafford Heights, again also records sales with the Wyman St. sale selling $839,000 again well over 20% higher than the previous best prices for that little pocket. In Stafford Heights, there are 23 available properties and that's slightly down on last month.

And for Stafford, there were 7 recorded sales and again record sales in Sheehy St. and Kankool. Both recording well into $800,000, again over 20% increased from previous best sale. Stafford is consistently had a lot of properties for sale and right now we've got 37 on the market that does include the few units as well. For sales in March, Stafford recorded 7 sales and the highest being for Kankool St. and in Sheehy St. both selling well into the $800,000. Good process in being achieved in those pockets.

And in closing, Everton Park 16 recorded sales with the Gordon Pd property achieving $752,000 so a record for that street. And there are currently 72 available properties in Everton Park.

In City Vista we've got three styles of apartments. The Skyline Apartments, have City and Green Views. Over three levels with a double garage, three bedrooms, and two bathrooms. Really lovely appointments throughout.

The two bedroom units, there's a real opportunity for people interested in the two bedroom, two bathroom apartments brand new, really nicely appointed. Ground level ones start at $419,000, and the top level ones with City and Green vista are priced at $459,000.

The third style of apartment here at City Vista are the garden homes, three bed, two and a half bathrooms, and double garage and they all sold out. So theres lots to choose from in a four or five post code?

My name is Allie Coutts, I hope you enjoy our little snapshot of our Market Roundup.

 

MCDOWALL RECENT SALES

Highest Sale Price: - $741,000Lowest Sale Price: - $303,000
Properties Sold: -  9Properties on the Market: - 17
AddressBedBathCarLand SizeSale Price
1 Zeppo Pl43 2840$741,000
20 Pfeiffer Pl422602$587,000
12 Van Dyke Cr422683$585,000
40 Minnelli Pl422614$563,000
14/195 Old Northern Rd311232$415,500

STAFFORD RECENT SALES

Highest Sale Price: - $885,000Lowest Sale Price: - $450,000
Properties Sold: -  7Properties on the Market: - 37
AddressBedBathCarLand SizeSale Price
34 Sheehy St

Street Record  previous best $648,000 or 37% higher

522607$885,000
2 Kankool St

Street Record  previous best $600,000 or 27% higher

421640$860,000
2 Gamelin Cr323640$685,000
2/31 Lutana St321148$582,000
40 Garde St310612$550,000

 

STAFFORD HEIGHTS RECENT SALES

Highest Sale Price: - $839,000Lowest Sale Price: - $515,000
Properties Sold:- 11Properties on the Market:-  23
AddressBedBathCarLand SizeSale Price
34 Wyman St

Street Record previous best $705,000 or 20% higher

432625$839,000
24 Belfort St422764$687,000
15 Broula St311650$610,000
28 Ansford St311607$610,000
4 Redgrave St322625$572,450

 

EVERTON PARK RECENT SALES

Highest Sale Price: - $752,335Lowest Sale Price:- $265,000
Properties Sold:-  16Properties on the Market:- 72
AddressBedBathCarLand SizeSale Price
100 Gordon Pd312835$752,335
16 Barrymore St411630$631,200
7 Braidwood St322617$622,000
94 Barton St311607$561,803
442 South Pine Rd322670$560,000