IS
2015, QUARTERLY REPORT
E SU #8
quarterly property report proudly presented by ben white place estate agents
HIGHGATE HILL 路 SOUTH BRISBANE 路 WEST END
Welcome to Manhattan Terraces. Luxurious, individually titled terrace homes in the heart of West End.
The only luxury terrace home opportunity in West End has seen a successful launch with 75% of the terrace homes already sold in stage 1. The new Manhattan Terrace Homes in West End will revolutionise inner city living – offering purchaser’s the unique opportunity of an individually titled terrace home in the heart of vibrant West End.
The high end project is offering luxury terrace homes set to be delivered over two stages. The majority of buyers consist of downsizers looking to seize this very unique offering and make the most of what the local area has to offer.
“We don’t see this opportunity presenting itself again – it’s truly “The result is an indication of one of kind”, said Urban Construct strong demand for premium, endManaging Director Todd Brown. user focused product close to the CBD.”
The product also boasts a strong investment opportunity with an anticipated 5% yield and great capital growth. Place Estate Agents CEO Damian Hackett, who is marketing Manhattan Terraces, said the design and layout of Manhattan Terraces appealed to discerning buyers – both investors and owner occupiers alike. “A lot of thought has gone into making these homes stand out from the crowd, and in a market
congested with investor-focused product that approach is really resonating with people,” he said. “From luxuriously appointed kitchens, secure two car garages and elegant architectural design, buyers can see this will be something special.” For more information, call or email Ben White today. 0414 647 582 benwhite@eplace.com.au
Queen’s Wharf development project shines a light on Brisbane growth. There is no doubting that the proposed Queen’s Wharf project will have significant impact on Brisbane. Recent news articles suggest that the integrated resort/ casino project will create a jobs boom, with 2,000 new jobs created during the design and construction phase and another 8,000 jobs when it opens. The almost 9 hectare site, which extends from the Treasury Casino through to Alice Street (QUT Gardens Point campus) along the north bank of the Brisbane River is intended to house some 50 plus restaurants, cafes and bars, a premium retail outlet in the now Treasury Casino, and hotels including a Ritz-Carlton which is intended to be part of a fully refurbished Lands Administration Building. The integrated resort precinct will include a 6-star hotel, a new casino and gaming complex as well as cinemas and event spaces.
Artist impression courtesy of Destination Brisbane Consortium
In addition to all the glitzy new entertaining and dining spaces there will be several green spaces, grassy knolls, terraces and outdoor areas including a proposed climbing wall, contemporary exercise areas, playing spaces, playgrounds, bike and walk ways, and the Turbal Way Mangrove Walk along the eastern most tip of the site. As the spotlight starts to shine on Brisbane, with this impactful
change to our city, we are already starting to see enthusiasm from interstate and off-shore developers and investors as they position themselves to ride Brisbane’s growth cycle. Their attention at this early stage appears to be directed mostly on neighbouring areas including South Brisbane, West End and the City centre and all indications are that this improved demand, its subsequent influence on prices, will continue to buoy our residential property market.
As the spotlight continues to shine on Brisbane there is a renewed enthusiasm from interstate and international interests looking to ‘ride’ the Queens Wharf fuelled property growth cycle.
Recent sales statistics at a glance
7+70+23D
Last 12 Month’s - Median Price Change
Percentage of Sales Volume/Suburb
$1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000
23%
$200,000
West End Sep’14
Oct’14
Nov”14
Dec’14
Jan
Highgate Hill
Feb
Mar
South Brisbane
Apr
May
Jun
Jul
70%
South Brisbane
Aug
West End
HIGHGATE HILL
SOUTH BRISBANE
WEST END
Number of recorded sales during Winter 2015.
4
24
15
Median price during Winter 2015.
$ 857,500
$ 590,000
$ 750,000
Number of properties currently on the market.
Highest sale price during Winter 2015. Lowest sale price during Winter 2015. Total sales volume during Winter 2015.
7%
Highgate Hill
41
94
104
$ 1,120,000
$ 8,800,000
$ 1,235,000
$ 3.35 million
$ 33.02 million
$ 11.024 million
$ 519,000
$ 170,000
$ 390,000
Recent residential property sales Highgate Hill
5/54 High Street $519,000
-
-
-
South Brisbane
15/20 Montague Road $170,000
1
1
-
South Brisbane
25/30 Mollison Street $377,500 78m2 1 1 1
Highgate Hill
Highgate Hill
Highgate Hill
South Brisbane
South Brisbane
South Brisbane
5/26 Paradise Street $715,000 217m2 3 2 2 101/20 Montague Road $230,000
1
1
1
South Brisbane
12/321 Vulture Street $415,000 100m2 2 2 1
18/85 Dornoch Terrace $1,000,000 197m2 3 2 2 109/46 Montague Road $250,000
1
1
1
South Brisbane
9/42 Cordelia Street $470,000 112m2 2 2 1
2/165 Dornoch Terrace $1,120,000 134m2 3 2 2 19/21 Edmondstone St $275,000
1
1
1
South Brisbane
39/309 Vulture Street $480,000
2
2
1
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
South Brisbane
West End
302/26 Mollison Street $521,000 108m2 2 2 1 Manning Street $635,000 93m2 2 2 1 224 Vulture Street $3,100,000 809m2 1 1 -
503/26 Mollison Street $552,000 95m2 2 2 1 2098/9 Edmondstone St $681,000 104m2 2 2 2 220 & 222 Vulture Street $8,800,000 Development Site -
605/46-48 Manning Street $585,000 92m2 2 2 1 1801/77 Grey Street $840,000 93m2 2 2 1
706/46-48 Manning Street $595,000 83m2 2 2 85 Gloucester Street $1,220,000 642m2 1 1 1
4/15 Archibald Street $390,000 506m2 2 1 1
About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external sources including CoreLogic RPdata and various Australian Bureau of Statistics publications. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of the publication by the author. The transactions reported are for settled transactions reported during June, July and August 2015 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Ben White by datachurp
Recent residential property sales West End
14/10 Carlow Street $410,000
2
1
1
West End
50/20 Donkin Street $530,000
2
2
2
West End
2303/45 Duncan Street $867,000
2
2
2
West End
94/20 Donkin Street $1,200,000
3
2
2
West End
7/16 Barnsley Street $450,000 124m2 2 1 1
West End
7509/55 Forbes Street $600,000
3
2
1
West End
64 Thomas Street $893,000 334m2 4 1 1
West End
19/10 Carlow Street $490,000
2
1
1
West End
701/9 Kurilpa Street $507,000
2
2
West End
West End
West End
West End
19 Jane Street $750,000 372m2 4 3 2 57/37 Duncan Street $900,000
2
2
2
1
1114/45 Duncan Street $782,500
2
2
2
15 Drake Street $1,020,000 458m2 4 3 1
West End
41 Spring Street $1,235,000 721m2 4 2 1
21/5 MANNING STREET SOUTH BRISBANE SOLD OFF MARKET FOR $1,820,000 4 BED 4 BATH 3 CAR + ROOF TOP POOL Sold quietly and rented while the new owners ready themselves to return home to Brisbane. If you would like to achieve results like this, then give me a call today. Ben White 0414 647 582
SOLD at Auction with Ben White 0414 647 582
20 LOCHABER STREET DUTTON PARK
under the hammer for $631,000. Putting this result in perspective is the fact that not only did it sell for above our reserve but it sold for $100,000 more than the terrace next door, which had sold just 10 months prior with another agent/agency.
Selling your home or investment property can be an incredibly exiting experience and it is a privilege to be able to assist our sellers achieve such great results.
With achievements like these in mind, if you have been contemplating a move or have been considering placing your property on the market, then I would be pleased to assist in providing you with an obligation free appraisal of your property.
2+ BED 1 BATH 1 CAR
I recently had the opportunity to facilitate the sale of 20 Lochaber Street in Dutton Park. Throughout the Auction Campaign there were over 110 inspections and we had 17 registered bidders on the day. The auction started strongly and continued with enthusiasm, selling
I welcome the opportunity to be of assistance, so please call me on 0414 647 582 to arrange an appointment or drop in for a coffee and a chat - Ben White. **20 Lochaber Street is also featured on the front cover**
2015
REIQ QUEENSLAND LARGE AGENCY OF THE YEAR
2014
REIQ QUEENSLAND LARGE AGENCY OF THE YEAR
Real Estate Institute of QLD
2014
AUSTRALIA’S BEST MAJOR INDEPENDENT AGENCY
2013
AUSTRALIA’S BEST MAJOR INDEPENDENT AGENCY
Australian Real Estate Awards
Place Estate Agents New Farm 5/572 Brunswick Street NEW FARM QLD 4005 m 0414 647 582 I e benwhite@eplace.com.au I www.eplace.com.au http://www.facebook.com/benwhiteproperty