R FO
QUARTERLY REPORT
marketplace proudly presented by matthew jabs & ross armstrong your local place agents
MITCHELTON PROPERTY
LE SA
2017,
WELCOME to our latest report on PROPERTY for MITCHELTON Tips and predictions. As we launch into a new year it is hard to miss the newspaper articles and blog posts forecasting what will happen to the real estate market in 2017. There are certainly a lot of opinions, statistics and commentary out there. In fact, if you google search for it you will find about 3.8 million indexed results to read through.
a house has increased by around six per cent each year for the last ten years. 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 politicians, it is unlikely that we will see a huge swing of change anytime soon.
Now, that’s a lot of reading and if you are trying to work out if moving this year is the best for you the prospect of gathering some more market information can not only be daunting but also it downright confusing. For the sake of clarity and to put it simply, the local real estate market Brisbane wide remains stable. House price growth throughout 2016 was modest but trended up throughout the year and in most suburbs, the average price of
That being said, if you would like to see how we can help and learn more specifically about the market that will impact your move – then give us a call. MATTHEW JABS 0422 294 272 matthewjabs@eplace.com.au
ROSS ARMSTRONG 0409 299 653 rossarmstrong@eplace.com.au
recent sales activity for Mitchelton OCT, NOV & DEC 2016
2016
HOW many properties SOLD during the period?
46
252
HOW many properties are CURRENTLY on the market?
63
N/A
WHAT was the MEDIAN price paid during the period?
$626,700
563,000
WHAT was the highest SOLD price during the period?
$956,000
$1,450,000
WHAT was the lowest SOLD price during the period?
$281,500
$262,800
HOW much was the VALUE of all SOLD properties during the period?
$27.7 Million
$148.8 Million
Osborne Road
Osborne Road
WHICH street saw the MOST sales during the period?
119
2011
2012
141
124
2010
144
120
32
$501 - $600k
2015
2016
38
$601 - $750k
21
$751 - $1m
$1.25m+
149
16
$401 - $500k
>$1m - $1.25m
Number of house sales for the last 7 years in Mitchelton. 167
Last 12 months of house sales by price range in Mitchelton.
1 3
2013
2014
recent sales activity for Mitchelton Mitchelton
12 Morningvale Place $956,000 568m2
5
2
2
Mitchelton
32 Parkview Street $921,000 810m2
4
2
2
Mitchelton
2
1
2
1
16 Cranbrook Street $645,000 551m2 3
63 Princess Street $852,500 405m2
5
3
2
4
2
4
2
2
3
1
2
4
2
2
Mitchelton
12 Wye Street $835,000 810m2
4
2
2
4
2
2
Mitchelton
21 Benfield Street $701,000 533m2
2
3
4
2
1
Mitchelton
158 Mcconaghy Street $647,000 627m2
3
2
2
Mitchelton
30 Kooya Road $635,000 607m2 2
47 June Street $940,000 1012m2
7 Evergreen Street $755,000 523m2
Mitchelton
4
Mitchelton
Mitchelton
77 Glen Retreat Road $666,000 607m2
Mitchelton
4
Mitchelton
Mitchelton
113 Frasers Road $679,000 506m2 1
2
110 Pascoe Street $720,000 449m2
Mitchelton
3
3
Mitchelton
18 Taltarni Circuit $726,500 600m2 2
5
23 Hoben Street $820,000 422m2
Mitchelton
4
11 Morningvale Place $955,000 663m2
Mitchelton
56 Frasers Road $820,000 607m2
4
Mitchelton
30 Kumbari Crescent $630,000 607m2
1
3
1
1
Mitchelton
31 Constancia Street $630,000 693m2
3
1
1
Mitchelton
1
2
1
111 Glenholm Street $580,000 696m2 1
1
Mitchelton
1
2
210/116 Osborne Road $450,000 94m2 2
1
2
2
2
2
1
2
2
1
1
207/116 Osborne Road $450,000 94m2 2
Mitchelton
160 Grovely Terrace $595,000 696m2
3
1
1
2
1
1
17 Wye Street $525,500 405m2
Mitchelton
2
1
Mitchelton
25 Union Street $550,000 460m2 2
2
111 Blackwood Street $580,000 812m2
Mitchelton
3
4
Mitchelton
5/18 University Road $455,000 134m2
Mitchelton
2
3
Mitchelton
15 Hicks Street $460,000 511m2
3
1
14 Lily Street $582,500 511m2
Mitchelton
3
2
Mitchelton
76 Frasers Road $592,500 607m2 1
4
1 Lockrose Street $624,700 748m2
121 Northmore Street $605,000 405m2
Mitchelton
3
Mitchelton
51 Kooya Road $628,700 748m2
Mitchelton
30 Suez Street $607,500 400m2
3
Mitchelton
1
3
1
1
Mitchelton
205/116 Osborne Road $450,000 98m2
2
2
1
Mitchelton
2010 /132 Osborne Road $448,500 106m2
2
2
1
37 MIMOSA STREET, MITCHELTON FOR SALE Introducing this functional and well finished home built by award winning builders all ready to move into. This home is not only stunning visually, but very practical and sleek inside with a well-designed floor plan to suit a growing family, professional couple or someone looking to enjoy all the low maintenance or convenience of a new home.
68 FRASERS ROAD, MITCHELTON SOLD We are proud to announce we have successfully sold this well established family home, situated on two lots covering 1,214m2 of real estate gold! This meticulously maintained home with a variety of development options, sold for a fantastic price prior to going to auction. Our marketing strategies combined with an effective use of our large database, generated a large volume of buyer interest, resulting in a great result for the very happy vendors.
113 FRASERS ROAD, MITCHELTON SOLD – $679,000 This neatly presented home in the heart of Mitchelton offering the best of both worlds – modern indoor/outdoor living today, with huge potential for future extension attracted 33 groups through the first open home which resulted in 6 offers presented to the vendors and a sale within 7 days of going to market.
31 CONSTANCIA STREET, MITCHELTON SOLD – $630,000 Located in one of Mitchelton’s most sought after streets, this solid three bedroom timber home attracted several interested parties during the short marketing campaign which resulted in a sale within 3 weeks of hitting the market and a fantastic sale price achieved for the very happy owner.
E SU IS #
QUARTERLY REPORT
1,
marketplace
17 20
2017,
proudly presented by matthew jabs & ross armstrong your local place agents
top three reasons why clients choose
matthew jabs & ross armstrong GREAT SERVICE every step of the way that you won't get from anyone else. AN AGENT WHO KNOWS what's at stake & what that means in today’s marketplace. EXPERT KNOWLEDGE of your local area so that when it comes time to decide the decision is clear.
MATTHEW JABS
0422 294 272 · matthewjabs@eplace.com.au
ROSS ARMSTRONG
0409 299 653 · rossarmstrong@eplace.com.au
MITCHELTON PROPERTY 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 include both confirmed settled and some yet to be confirmed settled transactions reported during October, November and December 2016. Some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Matthew Jabs and Ross Armstrong and Place Newmarket by datachurp.