2011/20122011/20122011/2012

Movements in St Lucia Movements in St Lucia Movements in St Lucia

ReportReportReport

Prepared by:Prepared by:Prepared by:

Brett AndreassenBrett AndreassenBrett Andreassen

0421 723 7130421 723 7130421 723 713

brett@disher.com.aubrett@disher.com.aubrett@disher.com.au

www.disher.com.auwww.disher.com.auwww.disher.com.au

Welcome to the Movements in St Lucia Report. We hope you enjoy the

information contained within and gain an insight in to the great place that

St Lucia is to live!

Contents

- Who is Brett Andreassen?

- Comment on the market climate

Houses

- St Lucia Market Statistics: 3 Year Comparisons

- St Lucia Market Statistics: 2011 to date

- Residential Sales for 2011 - 2012

Apartments

- St Lucia Market Statistics: 3 Year Comparisons

- St Lucia Market Statistics: 2011 to date

- Residential Sales for 2011 - 2012

- St Lucia’s Past and Present

I would like to thank my clients who assisted me in the information to put

this report together.

Brett AndreassenBrett AndreassenBrett Andreassen

0421 723 7130421 723 7130421 723 713

brett@disher.com.aubrett@disher.com.aubrett@disher.com.au

Brett Andreassen - 2012 REIQ Salesperson of the Year - Finalist

Achieving outstanding results is something that comes naturally to Brett Andreassen. He is committed to the

best possible result, every time.

Brett’s process-driven approach to selling has seen him establish a presence in the Inner Western suburbs,

with clients consistently willing to engage Brett’s services, knowing that the sale will be handled with the

highest professional service and attentiveness.

Consistently monitored by other companies, Brett is always refining the sales process to give his clients the

maximum opportunity at achieving the greatest price for their property, proven through the tremendous

success of his “Special Preview Showings” and “Doug Disher Real Estate Quarterly Report”.

From beginning to end and beyond, Brett understands the process of the real estate transaction, focusing on

both the now and tomorrow, so that all clients, past – present – and future, are fully informed of the market

and what to expect, from Brett’s comprehensive market knowledge.

Brett is one of the few agents in Queensland asked to be interviewed on the international real estate audio

program, Hot Topics.

Brett’s results, experience and dedication to his clients, shows that it is no wonder more people trust him to

sell their home.

“There is no shortcut to a great price, we have a process to extract the premium price in the marketplace at all times”

Thank you so much for keeping a cool head when everything seemed to be crashing around our

ears! When we first sat down with you, you gave us a clear, concise plan to get the property sold. In

three weeks, we had a contract that looked smooth. But of course, things went awry. An average

building and pest inspection unearthed some problems and an 'over-enthusiastic' solicitor didn't

help matters. But some cool negotiating by you kept everything together and thankfully we saw un-

conditional. Thank you so much for giving the right advice and seeing the larger picture.

Don MacLean—Market St

A small sample of testimonials

Our property had been on the market for over 4 months with a big name company in Paddington,

without a single offer. We thought that going with a large company would give us more exposure

and get the property sold faster. We found out that this wasn't the case and didn't hear from them

for two weeks! We sought Brett out as he had sold a couple of properties like ours while we were

languishing on the market. Within 2 weeks Brett has secured a buyer, negotiated a good price in

the current market and showed us why dealing with a specialist was well worth the investment.

Thank you for saving us Brett!

Vicki West—Bayliss St

Selling a property is always a stressful time, but when you are in NZ, trying to selling a tenanted

house, you want to make sure that you have an agent that is more than capable. We selected Brett

as our chosen agent after considering going with our managing agent. Although we felt they were

capable of doing the job, we believed Brett had the right strategy to maximize price. And he defi-

nitely proved us right! Communication was a big part of the sale, and we were never left wondering

what was happening, as he let us know via SMS, email and calls. Thank you so much for helping us

out in a very stressful time.

Meagan & Ian Roberts—Camp St

Comment on the Market Climate

The last 12 months can be described simply as a continuation of the 12 months

prior to that. We have not seen the rebound in prices that many people have

been hoping for, and the overall number of sales has dropped in most suburbs.

Many people would deem this to be a buyers market, however, I must disagree.

The drop in the number of sales has been counteracted by the drop in the

average amount of properties on the market throughout the year, as sellers who

were thinking about moving put their plans off or chose to renovate instead of

upgrading. The amount of forced sales, in our area, are lower than what other

areas are experiencing.

External factors are having an impact on the real estate market, particularly

confidence. The start of each month is spent by people commentating on rates,

and will the banks pass on the full amount. In a strange way, we find that when

rates drop, people hold off from making purchasing decisions, but when they

increase, buyers move faster to secure a property.

The change in government at the state level has brought some welcome relief for

the property industry, with the rollback of the unsustainable sustainability

declarations and the reintroduction of the stamp duty concession on the

principle place of residence. This should see some confidence instilled in the

upgrading market, as the savings may push people to take advantage of the

concessions.

Moving forward over the next 12 months, I believe it will be a continuation of the

last 2 years. Until confidence returns to the market, we won't see the massive

increase in prices that we were used to over the last decade. Getting the

marketing and pricing right is critical to not only getting the property sold, but

ensuring you don't undersell the home.

The Inner West is not bulletproof, but when comparing the market we are in to

others in Queensland, we are in a good place. The basic infrastructure is always

going to be there, and the rental market underpinned by the university and our

proximity to the CBD, we know this is one of the best places to live or invest

across Australia.

Brett Andreassen

June 2012

St Lucia Market Comparison: 3 Years

How many houses have sold in St Lucia ?

How many houses are for sale in St Lucia today?

What was the highest house sale price in St Lucia?

What was the lowest house sale price in St Lucia?

What was the average sale price in St Lucia?

Which street has had the most sales in St Lucia?

What was the average weekly rental amount

for houses in St Lucia?

*Figures correct as of the 1st June 2012.

2009/10 67

2010/11 42

2011/12 27

1st July 2011 30

As of 1st June 30

2009/10 $4,775,000

2010/11 $2,350,000

2011/12 $1,900,000

2009/10 $586,500

2010/11 $635,000

2011/12 $585,000

2009/10 $1,127,019

2010/11 $1,102,529

2011/12 $1,047,241

2009/10 Swann Road

2010/11 Ninth Ave

2011/12 Swann Road

2009/10 $490

2010/11 $530

2011/12 $560

St Lucia Market Statistics - Houses

Did you know?

In a recent survey conducted by rebonline.com.au on buyers dislikes, it revealed

that

- 75% of buyers were greatly deterred by properties without a price or

guide.

- 72% of buyers would overlook a property if it didn’t have an address

- 68% of buyers would overlook a property if it was advertised as offers over.

Why would you miss out on most of your market by doing those things?

Movements in Auchenflower - Doug Disher Real Estate

St Lucia Market Comparison: 3 Years

How many apartments have sold in St Lucia ?

How many apartments are for sale in St Lucia?

What was the highest apartment sale price in

St Lucia?

What was the lowest apartment sale price in

St Lucia?

What was the average sale price in St Lucia?

Which street has had the most sales in St Lucia?

What was the average weekly rental amount

for apartments in St Lucia?

*Figures correct as of the 1st June 2012. Figures include townhouses

2009/10 128

2010/11 148

2011/12 64

1st July 2011 63

As of 1st June 52

2009/10 $4,350,000

2010/11 $4,350,000

2011/12 $910,000

2009/10 $340,000

2010/11 $289,000

2011/12 $250,000

2009/10 $597,597

2010/11 $539,322

2011/12 $451,121

2009/10 Durham St

2010/11 Bellevue Tce

2011/12 Carmody Rd

2009/10 $390

2010/11 $410

2011/12 $410

St Lucia Market Statistics - Apartments

History of St Lucia

Farming was begun at St Lucia in the early 1850s, and Darts sugar mill operated there from

1865 until flooding by the Brisbane River in 1893. The Ironside primary school was opened

in 1870.

In 1883 there was an unsuccessful attempt to sell the subdivided St Lucia sugar plantation

estate, named after the Caribbean island of St Lucia where Alexander Wilson was born.

Wilson purchased the sugar plantation and named it after his birthplace in 1882. The area

was considered to be an outlying part of Indooroopilly, and a proposed bridge from

West End in 1885 did not improve its subdivisional potential. Some of the 1880s pre-

University roads are still recognisable: St Lucia Road (Sir Fred Schonell Drive), Carmody

Road, Mill Road, Coronation Drive (Hawken Drive) and the Esplanade.

St Lucia remained a rural district with a few farmhouses. Cairngorm (c1900), a verandahed

Queenslander is in the university grounds and is the Alumni Centre.

In 1926 the Mayne family provided 60,000 pounds for the purchase of a site for a new

university, to replace the Old Government House accommodation in George Street,

Brisbane. In 1927 111 ha west of Mill Road were resumed by the Government, and site

works began about ten years later. About one third of the site, on the northern side

adjoining the Brisbane River, was below the 1893 flood level (and again in 1973). The new

university building, in an Art Deco style, was constructed during 1937-40, to a design by the

architects Hennessy and Hennessy. The dominant material is Helidon sandstone, with other

Queensland stones and timbers for internal fittings. During World War II the building was

used for headquarters for the Allied Land Forces, South West Pacific. Occupation for

academic purposes began in 1946, and by the 1970s many other buildings had been

erected.

What’s In A Name? Sandford Street - Named after Dr Sandford Jackson Medical Superintendent at Brisbane Hospital, private

surgeon, and early cancer specialist lived with his family at Glenolive in the early 1900s.

Guyatt Park - headed by David Guyatt, lived in Sir Fred Schonell Drive and Ryans Road from 1889, and

were well known in Brisbane for their involvement in theatre and the Methodist church over many years.

Carr Street - Named after one of the early farmers, George Carr, who settled the area in 1857.

Carmody Road - In 1857, John Carmody purchased Portion 15: 22 acres at the tip of the peninsula.

Ironside Street - Named to honour Mrs Lydia Matilda Ironside, the wife of the land developer William

Wilson, who named his estate after his place of birth in the West Indies.

Depper Street - Named after Frederick Depper, who lived on the corner of the now Ryans Road and

Depper Street

Picnic on the Riverbank of St Lucia 1908

Circa 1920

*All information contained in this report is gathered from sources we believe reliable.

We have no reason to doubt its accuracy, however, we cannot guarantee it.