Windsor with Craig Lea
Quarterly Property Market Report January to March 2017
Welcome to my latest report on Windsor At this time of year, the weather is pretty much perfect. The balmy humidity and heat has left. Our days and the nights are just about right, the doona a welcome addition in many homes. In terms of property, you can easily be mistaken for thinking that as the weather starts to cool that so does the market. But there is no such evidence to suggest that. In fact, the reality is that buyers are still active and homes are still selling. Supply remains tight (fewer homes on the market) and sellers who elect to sell now often see strong results thanks to great conditions.
Craig Lea. Your local Windsor Specialist. 0408 888 569
What’s happening in our local property market If you were to turn up at an auction in Windsor right now it would almost be a certainty that amongst the crowd of bidders and interested parties would be buyers who have come from interstate and or overseas. There are plenty of lifestyle centric reasons to love this part of the world and given that Brisbane remains one of the most attractive and affordable capital cities across the nation there is little wonder why this is the case. Interestingly, research from the Foreign Investment Review Board shows that overseas buyer activity has almost tripled since 2012/13 and the level of investment coming out of China now accounts for approximately 36% of all foreign lead property purchases in Australia. While the majority of Windsor transactions are still to locals, there is an increasing trend of enquiry coming from our southern sister cities, notably Sydney, and from overseas. Should this wave of renewed enthusiasm here in Brisbane, and particularly Windsor, continue for much of 2017 then there is little doubt that this upwards pressure in terms of demand coupled with our current tight supply will equate to price growth. Understanding just how likely this is to impact your real estate decision is something that I am here to assist you with, so feel free to give me a call at anytime.
Sold
$790,000
We engaged Craig and his team from McGrath Wilston to handle the sale of our property. Craig and his team were enthusiastic and very positive throughout the process; offering great advice on presentation of the property for marketing and engaging with potential buyers. The communication throughout the process was excellent, we were kept informed on progress regularly and in a very timely manner. We would recommend Craig and his team for a professional and personable sales outfit. Dick & Terry T. Sellers: 5 Fosbery Street, Windsor
Recent sales by Craig Lea
45 Swan Terrace, Windsor
5 Fosbery Street, Windsor
$832,000
33 Taylor Street, Windsor
$790,000
114a Constitution Road, Windsor
$855,000
$930,000
Windsor top 15 sales and statistics (January to March, 2017)
Windsor is an inner northern suburb of Brisbane located about 3.5kms from the Brisbane CBD. It is largely residential, featuring many old Queenslanders, although there is also considerable retail commercial activity, primarily concentrated along Lutwyche and Newmarket Roads. Stand alone houses account for 59.6% of all dwellings in this area, and units account for a further 33.9%.
6,389
49.1%
33
Population
Windsor has a recorded population of 6,389 people.
Female
50.9%
Median Age
Windsor has a median age of 33 years.
71.9%
Countries of birth
71.9% of people living in Windsor were born in Australia. The next most common countries of birth were England 3.5%, New Zealand 3.4%, India 3%, Italy 1.4% and Nepal 1%.
Male
1887
Established
The Shire of Windsor was formed in 1887.
Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
5 Hooker Street
6
5
4
2
486m
Jan-17
$1,700,000
2
45 Cartwright Street
3
2
1
665m2
Feb-17
$1,089,000
3
53 Swan Terrace
5
3
2
448m2
Jan-17
$890,000
4
86 Brook Street
3
2
3
589m2
Mar-17
$877,500
5
42 Seventh Avenue
4
1
4
610m
Mar-17
$870,000
6
33 Taylor Street
4
2
3
2
405m
Mar-17
$855,000
7
72 Sixth Avenue
2
1
2
441m2
Feb-17
$854,000
8
7 Hadfield Street
3
2
2
320m2
Jan-17
$800,000
9
70 Swan Terrace
3
1
2
534m2
Mar-17
$762,000
10
44 Taylor Street
2
1
2
405m
Mar-17
$705,000
11
67 Brook Street
3
1
1
2
382m
Feb-17
$685,000
12
38 Cullen Street
3
1
1
810m2
Feb-17
$605,000
13
40 Cullen Street
3
1
1
810m2
Feb-17
$605,000
14
3/27 Maygar Street
3
2
2
1m2
Feb-17
$588,000
15
62 Sixth Avenue
3
2
1
800m
Mar-17
$585,000
2
2
2
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
Your local Windsor Specialist
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 top 15 transactions reported during the months of January, February and March 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.