Bulimba Balmoral Hawthorne Property Market Update Q3, 2017
CATHY RICHARDS 0417 706 498
Hello.
Welcome to my third quarter property report. There’s a lot to love about living in the eastern suburbs of Brisbane. Sitting along the Brisbane River, Bulimba and Hawthorne provide a sprawling pocket of paradise, offering the perfect combination of village charm and contemporary elegance. A sun-soaked Australian urban lifestyle including a combination of classic cinemas, bookshops, alfresco eateries and beautifully renovated Queenslander houses. It’s a wonderful place to call home. Looking at the greater Brisbane property market, the trend lines show an increase in median property prices. It seems that the Brisbane market compared to the Sydney and Melbourne markets offer substantially more affordable property. This is intensifying demand, particularly from investors. Combine this with continuing economic improvements in Brisbane over the last 12 months, and there is an expectation that our housing market will continue solidly over the next quarter. Closer to home, the eastern suburbs of Brisbane continue to show consistent growth in the housing market. The median sales price for houses in Hawthorne, increased 53.8 per cent (five year growth), which equates to a 10.76 per cent year on year. Marginally behind Hawthorne, the sales price for houses in Bulimba increased by 42.6 per cent (5 year growth), which equates to 8.52% average per year. This is fantastic growth when compared to the greater Brisbane average which is just over 4 per cent per annum. Our prediction is that the local real estate market will end the year favourably. If you are considering buying or selling, or just thinking how you can best navigate the current market, feel free to give me a call to discuss how best to move forward. Cathy Richards 0417 706 498 cathyrichards@eplace.com.au
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Bulimba HIGHEST SALE PRICE
$3.200m
$380,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
49 days
111 properties
Top 25 sales ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
1
91 Mcconnell Street
5
3
2
751sqm
Aug-17
$3,200,000
2
43 Duke Street
5
3
2
1012sqm
Jul-17
$2,965,000
3
43 Waterline Crescent
4
3
2
382sqm
Aug-17
$2,660,000
4
11 Pine Street
3
1
2
835sqm
Sep-17
$1,885,000
5
61 Brisbane Street
2
1
2
602sqm
Aug-17
$1,587,500
6
53 Princess Street
5
3
2
645sqm
Aug-17
$1,560,000
7
22 Waterline Crescent
4
2
2
464sqm
Jul-17
$1,450,000
8
93 Love Street
4
2
2
500sqm
Jul-17
$1,400,000
9
126 Brisbane Street
6
3
2
817sqm
Jul-17
$1,335,000
10
22 Smallman Street
4
3
2
405sqm
Aug-17
$1,295,000
11
18 Cowper Street
5
3
2
405sqm
Jul-17
$1,290,000
12
83 Smallman Street
5
2
2
405sqm
Jul-17
$1,270,000
13
17 Smallman Street
4
2
2
405sqm
Aug-17
$1,215,000
14
34/44 Addison Avenue
3
2
3
172sqm
Jul-17
$1,025,000
15
10 Stuart Street
3
2
2
405sqm
Aug-17
$975,000
16
17 Walter Street
3
2
2
270sqm
Jul-17
$948,000
17
9 Smallman Street
2
2
3
405sqm
Aug-17
$900,000
18
20/48 Addison Avenue
3
2
2
161sqm
Aug-17
$860,000
19
314/21 Love Street
3
2
2
140sqm
Jul-17
$805,000
20
10/44 Addison Avenue
2
2
2
133sqm
Jul-17
$720,000
21
4/48 Wambool Street
3
2
1
151sqm
Aug-17
$680,000
22
10/23 Wambool Street
2
2
1
131sqm
Jul-17
$665,000
23
5/23 Wambool Street
2
2
–
172sqm
Aug-17
$665,000
24
29/101 Coutts Street
3
2
1
283sqm
Jul-17
$650,000
25
8/23 Wambool Street
2
2
1
124sqm
Jul-17
$645,000
Balmoral HIGHEST SALE PRICE
$1.750m
$295,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
40 days
42 properties
Recent sales ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
1
62 Main Avenue
5
3
5
401sqm
Jul-17
$1,750,000
2
3/47 Main Avenue
3
2
2
200sqm
Sep-17
$870,000
3
207 Riding Road
3
2
2
175sqm
Jul-17
$865,000
4
51 Bunowang Street
3
1
1
650sqm
Jul-17
$810,000
5
276 Riding Road
3
2
2
425sqm
Jul-17
$790,000
6
54 Walkers Drive
3
1
2
597sqm
Jul-17
$780,000
7
205 Riding Road
3
2
2
193sqm
Jul-17
$740,000
8
3/262 Riding Road
3
2
1
165sqm
Aug-17
$713,750
9
30/36 Andrew Street
3
2
1
122sqm
Aug-17
$465,000
10
32/36 Andrew Street
–
–
–
151sqm
Jul-17
$465,000
11
29/36 Andrew Street
3
2
1
108sqm
Aug-17
$448,000
12
3/77 Bilyana Street
2
2
1
82sqm
Jul-17
$445,000
13
7/69 Bilyana Street
2
2
1
62sqm
Jul-17
$431,000
14
6/69 Belgrave Street
2
1
1
270sqm
Jul-17
$320,000
15
4/69 Belgrave Street
2
1
1
270sqm
Aug-17
$295,000
Hawthorne HIGHEST SALE PRICE
$2.040m
$419,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
69 days
51 properties
Recent sales ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
1
62 Harris Street
6
3
2
690sqm
Jul-17
$2,040,000
2
77 Elliott Street
4
2
2
405sqm
Jul-17
$1,650,000
3
50 Virginia Avenue
4
2
2
637sqm
Jul-17
$1,460,000
4
20 Dutton Street
5
3
2
405sqm
Aug-17
$1,220,000
5
59 Barton Road
3
1
1
567sqm
Aug-17
$1,220,000
6
292 Hawthorne Road
3
2
2
433sqm
Jul-17
$1,200,000
7
46 Miles Street
5
3
2
607sqm
Aug-17
$1,150,000
8
45 Miles Street
4
1
2
400sqm
Jul-17
$905,000
9
17 Goulburn Street
3
1
1
405sqm
Aug-17
$809,200
10
298 Hawthorne Road
3
2
2
204sqm
Jul-17
$745,000
11
385 Hawthorne Road
3
2
2
216sqm
Jul-17
$729,000
12
167 Hawthorne Road
3
1
1
350sqm
Jul-17
$695,000
13
80 Riding Road
2
1
1
435sqm
Jul-17
$593,000
14
3/16 Miles Street
2
2
1
107sqm
Aug-17
$555,000
15
5/310 Hawthorne Road
2
2
2
102sqm
Sep-17
$442,000
16
6/11 Barton Road
2
1
1
120sqm
Jul-17
$420,000
17
6/64 Miles Street
2
2
1
179sqm
Jul-17
$419,000
SOLD – 17 Henderson Street, Bulimba
“We had a great experience working with Cathy and her team to sell our house – I’d recommend her to anyone wanting to have a great sale experience!” B Brentzell, Seller “Cathy and her team made the buying process seamless. We would recommend buying and selling through Cathy, Cathy runs a sharp operation and above all is genuine throughout the process in a profession where trust is essential. Highly recommended.” J Cowen, Buyer
SOLD – 17 Smallman Street, Bulimba
“A wonderful experience from start to finish, thanks Cathy and Zita.” J Bairstow, Seller
“Thank you Cathy and Zita for making this a very pleasant experience for Marieke and I, you have been so helpful and accommodating throughout this process and we really appreciate it. You have restored my faith in real estate agents.”
D Rooney, Buyer
FOR SALE – Stately Residence
HAWTHORNE
135 Vriginia Avenue
5 BED 4 BATH 2 CAR
FOR SALE – Exceptional Queensland Lifestyle
JUST SOLD BULIMBA
84 Brisbane Street
5 BED 2 BATH 2 CAR About this marketplace report. In compiling this report the author has relied upon information supplied by several external sources including PriceFinder. 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 both confirmed settled and some yet to be confirmed settled transactions reported during the months of July, August and September 2017, some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Cathy Richards and Place Bulimba by datachurp.