BRISBANE SEASIDE MARKET UPDATE
WITH HAYDN MEYER
Wynnum I Manly I Manly West
Hello and welcome To my latest report on Brisbane’s Seaside. Such a great area to call home and as a proud local, my family and I agree there is nowhere else that we would want to live. We love it here. It’s such a friendly and vibrant community – there really isn’t anything you could want for that you can’t get to quickly and easily. To find out more about this great community, or to discover what that could mean for you when you sell, give me a call. Haydn Meyer I 0411 441 727 I haydn.meyer@raywhite.com I haydnmeyer.com.au
Property Market Update Navigating the property market can sometimes feel like a never-ending game of real estate chess. Add into the mix plenty of conflicting media attention on median prices – falling or booming – and it easy to see why some in the market can be finding it tough to get a straight answer. If your strategy is anything other than to speculate on a short-term capital gain, then really your decision is about fundamentals. For selling and buying it becomes about what’s right for you – is the house appropriate? Location ideal? Lifestyle opportunities up to your needs? Is this the right time for me/us to move? Right now our seaside suburbs of Wynnum, Manly and Manly West continue to see strong buyer interest. Buyers moving for lifestyle. Thanks to several market conditions, interest rates and tight supply to name a few, the average capital gain for those suburbs combined has been 27.9 per cent over the last five years. To discuss what that could mean for you, call me today.
SOLD BY HAYDN
66 Southwick Street sold in 48 hours. Five written offers and a sale price of $1,270,000. A record price for a house on a 401m2 block in Wynnum. I am very happy that I decided to list my property with Haydn. From the moment I decided to sell he offered advice and referrals and when we went to market he communicated to me everything that was going on. It made the whole process so much easier and less stressful to know that I could leave everything to Haydn and he would do what was in my best interests. If you want to sell I highly recommend Haydn.
Shanan Dupen – Vendor I 66 Southwick Street, Wynnum
LOWEST SALE PRICE
HIGHEST SALE PRICE
$1.270M
$345,000
$627,500
NUMBER OF PROPERTIES SOLD
AVERAGE TIME ON THE MARKET
MEDIAN SALE PRICE
35 days
25 properties
Wynnum top ten sales (JANUARY–MARCH 2017)
NO.
ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
1
66 Southwick Street
4
3
2
401m
Jan-17
$1,270,000
2
14 Melville Terrace
4
3
2
405m
Jan-17
$1,240,000
3
26 Alkoomie Street
4
2
2
923m
Jan-17
$1,125,000
4
22 Stratton Terrace
4
2
1
405m
5
1/110 Akonna Street
3
2
6
12 Waterview Avenue
5
2
7
19 Boswell Terrace
4
8
103 Waterview Avenue
9 10
2 2 2
Jan-17
$940,000
2
2
260m
Jan-17
$930,000
3
843m2
Mar-17
$800,000
2
2
405m2
Feb-17
$785,000
4
2
3
405m2
Feb-17
$695,000
48 Shepherd Street
5
3
2
408m
Jan-17
$687,000
163 West Avenue
4
2
3
527m
Feb-17
$650,000
2
2 2
LOWEST SALE PRICE
HIGHEST SALE PRICE
$1.280M
$310,000
$690,000
NUMBER OF PROPERTIES SOLD
AVERAGE TIME ON THE MARKET
MEDIAN SALE PRICE
49 days
11 properties
Manly top ten sales (JANUARY–MARCH 2017)
NO.
ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
1
122 Mountjoy Terrace
3
1
2
809m
Jan-17
$1,280,000
2
99 Melville Terrace
5
3
2
991m
Feb-17
$1,270,000
3
173 Gordon Parade
3
2
2
400m
Jan-17
$795,000
4
211 Gordon Parade
5
2
2
405m
Mar-17
$740,000
5
57 Gannon Avenue
3
1
3
2
405m
Mar-17
$605,000
6
32 Britannia Street
–
–
–
405m2
Feb-17
$550,000
7
2/38 Cardigan Parade
3
2
1
165m2
Feb-17
$535,000
8
45 Wood Street
4
3
2
1221m2
Feb-17
$430,000
9
21 Preston Road
–
–
–
564m
Feb-17
$385,000
10
23 Barrinia Street
–
–
–
425m
Feb-17
$330,000
2 2 2 2
2 2
LOWEST SALE PRICE
HIGHEST SALE PRICE
$1.020M
$385,000
$553,650
NUMBER OF PROPERTIES SOLD
AVERAGE TIME ON THE MARKET
MEDIAN SALE PRICE
26 days
37 properties
Manly West top ten sales (JANUARY–MARCH 2017)
NO.
ADDRESS
BED
BATH
CAR
LAND SIZE
SOLD DATE
SALE PRICE
2
Mar-17
$1,020,000
1
150 Raeburn Street
4
3
3
607m
2
22 Marlin Place
5
3
2
1101m
Feb-17
$875,000
3
4 Barramundi Street
5
3
2
642m
Jan-17
$787,000
4
14 Senga Street
4
2
4
568m
Mar-17
$758,000
5
14 Whatmore Place
4
3
2
2
501m
Feb-17
$730,000
6
1 David Place
4
2
2
507m2
Feb-17
$665,000
7
139 Raeburn Street
3
2
5
607m2
Mar-17
$660,000
8
12 Trevally Crescent
5
2
2
1018m2
Mar-17
$660,000
9
139 Raeburn Street
3
1
1
604m
Feb-17
$660,000
6 Carnation Road
4
3
2
400m
Mar-17
$656,250
10
2
2 2
2 2
SOLD BY HAYDN
Haydn Meyer I 0411 441 727 I haydn.meyer@raywhite.com I haydnmeyer.com.au About this market 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 top 10 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 Haydn Meyer and Ray White Manly by datachurp.