Taringa Apartment Report

Spring 2013

Taringa Apartments with Elliott Dean Market Overview for the second quarter :: April – June 2013

 

with Elliott Dean

Street Sale Date Summary Sale Price

57A Oxford Terrace 03/04/2013 3 2 2 $565,000

106 Indooroopilly Road 04/04/2013 2 2 2 $355,000

12 Gregory Street 11/04/2013 3 2 2 $629,000

32 Swann Road 11/04/2013 3 2 2 $645,000

83 Hillsdon Road 13/04/2013 3 2 2 $715,000

63 Oxford Terrace 23/04/2013 3 2 2 $525,000

103 Beatrice Street 09/05/2013 2 2 2 $506,000

186 Moggill Road 09/05/2013 2 2 1 $389,000

120 Indooroopilly Road 25/05/2013 2 2 1 $400,000

20 Rokeby Terrace 27/05/2013 3 2 1 $499,000

46 Lucinda Street 03/06/2013 2 1 1 $379,000

32 Swann Road 04/06/2013 3 2 2 $645,000

91 Whitmore Street 05/06/2013 2 1 2 $375,000

44 Broomfield Street 06/06/2013 3 2 2 $480,000

162 Swann Road 06/06/2013 2 2 1 $425,000

22 Waverley Road 07/06/2013 2 1 1 $352,000

7 Woodstock Avenue 07/06/2013 2 2 1 $439,000

115 Indooroopilly Road 09/06/2013 3 2 2 $870,000

32 Swann Road 18/06/2013 3 2 2 $685,000

48 Alpha Street 29/06/2013 2 1 1 $321,500

Apartment Sales

42%  of  properties  SOLD  in  our  market  during  the  last  3  moths  were  between  $350,000  -­‐  $450,000.    

$16,931,500  total  value  of  sales  in  the  3  months.  

27%  of  properties  SOLD  in  our  market  during  the  last  3  moths  were  above  $500,000.  

24%  of  Taringa  owners  fully  own  their  property.      

All  Data  contained  in  this  report  is  sourced  from  Property  Data  Solutions.    

with Elliott Dean  

         

                                                             

 Fast Figures  

How many apartments have been sold in the last three months? 40

How many apartments are for sale in Taringa today? 52 What is the highest apartment sales price over the last three months? $870,000 What is the lowest apartment sales price over the last three months? $238,000 What is the median apartment sales price over the last three months? $402,500

What is the street(s) with the most sales in the past three months? Indooroopilly Road (5)

 

“Should you require any help or advice with your real estate needs, be assured

I’m always at your service”.

                                             

Welcome to the Spring Edition of the Taringa Apartment Report  

Elliott Dean Taringa Apartment Specialist 0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au

There has been solid increase in buyer activity over the last nine months which has lead to an overall increase in confidence & some outstanding sales results in Taringa.

Property remains a very favorable option amongst investors & especially for owner-occupiers with interest rates continuing to fall. The current cash rate with the RBA is now at 2.50%, having steadily fallen from 4.75%, from November 2010. With the start of Spring considered by many the peak selling time, for those who are considering a move, this would be an excellent window of opportunity to capitalize on the re-newed confidence & backdrop of outstanding results being achieved. I genuinely believe the best time to sell a property is when the owner is most comfortable, however Spring is one of those times when if you’re deciding between a sale now or the early part of 2014, I would opt for today based purely on the facts mentioned above, plus where we are on the property clock/cycle. In summary, I feel a real opportunity presents itself if you are considering a sale in the short-term. We have a shortage of properties for sale, giving those sellers who act now, an opportunity to transact with less competition. Should you have any further real estate queries, be assured I’m always at your immediate real estate service.