McGrath community giveback Quarterly Property Market Report July to September 2017
Grange
with Craig Lea
Welcome to my latest report on Grange Welcome to my Third Quarter property report for Grange. There’s a lot to love about living in the inner north, and your local real estate office, McGrath Wilston, recognise the importance of giving back to this wonderful community. That’s why McGrath Wilston and I will be giving $500 back to a community not for profit organization, like your local sporting club, school, or charity, if you sell your home with me, Craig Lea at McGrath Wilston. If you would like to take advantage of this opportunity to support the local community, give me a call today.
Craig Lea. Committed to the Grange Community. 0408 888 569
What’s happening in our local property market The Brisbane property market on a whole continues on its solid trajectory of median house price growth. There are several reasons why Brisbane has maintained such a stable level of growth for the last decade and given the current sentiment out there with sellers, buyers, banks and politics, it is unlikely that we see a huge swing of change anytime soon. So 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 in Grange, our suburb continues with positive median house price growth, where the median house price has increased from $841,500 in January 2017 to $912,500 in June 2017. That equates to a strong 7.7% median price increase over 6 months. That’s ahead of the average median growth for greater Brisbane from June 2016 to June 2017, which is positioned at 3 per cent. If you consider this charming part of North Brisbane, with its great schools, cafÊ lifestyle, beautiful parks, abundant transport options and proximity to the city, it is not difficult to understand why Grange continues to be a high demand suburb. This positive sentiment aside, it is still immensely important to select an agent who can implement a clearly formulated and purposeful strategy to suite your individual circumstances. We would love the opportunity to demonstrate how we will achieve the very best possible outcomes for your property transactions. Give me a call today.
3 Consort Street, Grange Sold
16 Greenway Street, Grange Sold $1,165,000
35 Howard Street, Grange Sold $1,535,000
116 Gracemere Street, Grange Sold $1,120,000
16 Cheviot Street, Grange Auction 9:30am 11 November
Your House?
What the 35 Howard Street Vendor said‌
A great proactive approach Very good attention to detail, very happy with communication throughout. Setup of sale was a very proactive approach over and above usual expectations with making it very easy to get styling done and showcasing the cellar. Thanks Craig, look forward to working together again.
Saori. P. The Seller
Grange statistics and sales (July to September, 2017)
Education
19.3%
19.3% of Grange residents have a University or tertiary institution education.
Employment
11.5% worked 1 to 15 hours, 9.1% worked 16 to 24 hours and 49.8% worked 40 hours or more.
62.1% 28.4%
Full Time
62.1% of Grange residents were employed full time.
Part Time
28.4% of Grange residents were employed part time.
Occupation
37.3%
The most common occupations in Grange included Professionals 37.3%, Clerical and Administrative Workers 15.6%, Managers 15.1%, Technicians and Trades Workers 9.1%, and Community and Personal Service Workers 8.2%.
Industry of employment
7.2% worked in Hospitals. Other major industries of employment included Architectural, Engineering and Technical Services 5.3%, School Education 4.8%, State Government Administration 4.7% and Cafes, Restaurants and Takeaway Food Services 4.0%.
Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
60 Robe Street
5
3
2
629m2
Jul-17
$1,626,000
2
52 Newton Street
4
2
3
810m2
Jul-17
$1,400,000
3
28 Jean Street
4
2
2
405m2
Aug-17
$1,325,000
4
129 Gracemere Street
4
2
2
810m2
Jul-17
$1,130,000
5
31 Prince Street
3
2
2
604m2
Jul-17
$1,050,000
6
108 Gracemere Street
3
1
1
683m2
Aug-17
$990,000
7
280 Wilston Road
2
1
1
405m2
Aug-17
$862,000
8
47 Raymont Road
4
4
4
405m2
Aug-17
$820,000
9
42 Grange Road
3
2
2
810m2
Jul-17
$780,000
10
98 Grange Road
3
2
2
607m2
Jul-17
$725,000
11
47 Chermside Street
2
1
1
405m2
Sep-17
$611,000
12
81 Grange Road
–
–
–
440m2
Aug-17
$440,000
With the upswing in the property market, would you like to know what your property is worth? We are currently conducting over 10 property appraisals per week in your area. Please contact me any time for a summary of these prices and how they compare to your property.
Craig Lea
Committed to Grange
craiglea@mcgrath.com.au 0408 888 569 About this market report. In compiling this report the author has relied upon information supplied by several external sources including PriceFinder and the Australian Bureau of Statistics. 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 may have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Craig Lea and McGrath Wilston by datachurp.