QUARTERLY REPORT
marketplace proudly presented by matthew jabs & team place estate agents
KEDRON PROPERTY
LD SO
2015,
WELCOME to our latest report on PROPERTY SALES for KEDRON As a real estate agent you are expected to know what is happening in the market place. What homes are selling? Where are the buyers looking? How is all the talk about Melbourne and Sydney markets impacting Brisbane? Are overseas buyers and investors snapping up all the good homes? How much will house prices go up this year? The usual assortment of questions. So, it would probably come as no surprise that I spend a fair amount of time answering
them, talking about real estate, effectively covering off on these very questions and in some cases concerns. However, instead of sharing the opinion and conjecture, of subscribing to some of the hype that is out there, I prefer to share the facts, the truth of the situation.
Fact - Annual capital growth rates in Brisbane typically hover in the 3-4% range which is confirmed by the Ten Year capital growth rate in Brisbane being 3.7% for houses, 3.4% for units or 3.6% combined.
There is a lot to consider and if you would like a longer, more robust discussion about property, your move and our local market - then call or email anytime. All the best and enjoy the read.
Stable and consistent. If nothing MATTHEW JABS else, Brisbane is a market that is 0422 294 272 less dominated by speculation matthewjabs@eplace.com.au than some southern markets. Fact - Brisbane’s level of capital The conversations we are having growth remains one of the most indicate that for the significant stable and consistent across the majority, people invest, buy and capital cities within Australia and sell because the market is stable has been so since 2011. and resilient.
recent house sales activity Kedron PAST QUARTER
2014
HOW many properties SOLD during the quarter?
29
228
HOW many properties are CURRENTLY on the market?
57
NA
WHAT was the MEDIAN price paid during the quarter?
$575,000
$604,500
WHAT was the highest SOLD price during the quarter?
$1,100,000
$5,950,000
WHAT was the lowest SOLD price during the quarter?
$220,000
$205,000
HOW much was the VALUE of all SOLD properties during the quarter?
$17.7 Million
$160.9 Million
WHICH street saw the MOST sales during the quarter?
Boothby St
Gallagher Tce
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recent house sales activity Kedron
18 Edinburgh Castle Road $425,000 406m2
-
-
-
Kedron
1
-
2
2
2
18 Shackleton Street $920,000 425m2 2
4
1
3
2
2
4
2
1
1
3
2
2
3
1
2
3
1
2
3
2
2
2
2
2
Kedron
17 Araluen Street $905,000 830m2
2
3
1
1
Kedron
11 Sadlier Street $1,050,000 810m2
6
2
12 Caithness Street $748,000 675m2
Kedron
-
1
Kedron
22 Scott Street $878,000 458m2
4
2
25 Armentieres Street $595,000 405m2
Kedron
2
2
Kedron
38 Glenfern Avenue $702,000 556m2
2
1
48 Seabrook Street $555,000 405m2
Kedron
7 Sadlier Street $1,050,000 491m2 2
3
3
Kedron
23 Achilles Street $575,000 541m2
Kedron
6
-
Kedron
26 Jardine Street $822,500 787m2
Kedron
4
1
Kedron
63 Seventh Avenue $765,000 607m2 1
1
1
109 Kitchener Road $552,000 554m2
114 Turner Road $677,500 405m2
Kedron
3
3
3
79 Boothby Street $505,000 405m2
Kedron
Kedron
14 Twelfth Avenue $610,000 405m2 1
1
55 Ramsay Street $575,000 524m2
Kedron
2
1
Kedron
9 Tanimbla Street $560,000 607m2 1
3
Kedron
4 Exley Street $478,000 615m2
5 Glenhaven Street $550,000 632m2
Kedron
3
Kedron
29 Jardine Street $470,000 506m2
Kedron
58 Mawson Street $520,000 607m2
3
Kedron
50 Somerset Road $1,100,000 810m2
-
4
3
2
ABOUT this market place report. The above table and the following pages showcase recent sales activity, for confirmed settled sales for Kedron that were on record for the months of July, August and September 2015. In compiling this report the author has relied upon information supplied by a number of external sources. 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 settled transactions reported during the period and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Matthew Jabs and Place by DataChurp.
Not long afterwards gold was discovered in Gympie and a bridge was constructed over Kedron Brook to offer an alternative access to the north - this route would later come to be known as Gympie Road and as the suburb developed and evolved much of activity was centred on this corridor.
Most houses in the area are comprised of 3 bedrooms with a little over 20% having 4 or more bedrooms. The majority of homes in the area are owner occupied but there is a significant proportion of local residents renting.
With new infrastructure making access to the area easy and the continuing urbanisation of some northern neighbours, Kedron is a great place to invest and an even As is often the case with developing better place to call home. areas the suburb really started to take shape with the construction of local hotels - Edinburgh Castle and
64+74+44+54+48+34+41+64+73+31 217
193
last 12 months of house sales by price range in kedron
$750,001 to $1million $600,001 to $750,000
$1million to $1.25million
house sales by price percentage %
$500,001 to $600,000
greater than $1.25million
less than $500,000
ytd 2015
2014
2013
93
123 2012
2011
2010
101
143
161 2009
132
222
2008
The majority of homes in the area are houses (67%) with apartments making up some 24% and the balance being townhouses or semidetached dwellings.
2007
Up until the mid 1800s the area was known for its thick bush and great selection of quality timber. However in the 1850s farm lots along Kedron Brook where surveyed and one of the earliest locals was Judge Alfred Lutwyche.
As the population of Queensland and Brisbane swelled, Kedron became a popular inner north suburb and remains so today. In terms of housing, the area is home to an interesting mixture of pre-war and inter-war homes, modern houses, town houses and apartments.
number of house sales per year in kedron
192
Home to just under 9,000 residents the area is synonymous with a relaxed lifestyle thanks to the abundance of local parkland and great amenities, shops and dining options.
Kedron Park Hotel.
2006
A mere eight kilometres from the centre of Brisbane and immediately to the north of Lutwyche and Gordon Park lies the residential enclave of Kedron.
2+1+22273216J
KEDRON: such a great PLACE TO LIVE
70 MAWSON STREET, KEDRON FOR SALE Located in the popular suburb of Kedron, this immaculate post war character home will suit a buyer looking to move in with nothing to do except enjoy the elevated North facing position & proximity to all the amenities Kedron has to offer. Set on a 617m2 block of land the property has an open plan traditional feel whilst being fully renovated & well maintained.
10 PATOMAR STREET, KEDRON FOR SALE Presenting this original timber home in a quiet street surrounded by new and renovated properties, this neat and tidy two bedroom home with separate study, would suit buyers looking to secure an entry level home on a price 587m2 parcel of land within walking distance to popular private schools, whilst being only 7 kilometres to the CBD.
1-4/15 BRADLEY AVENUE, KEDRON FOR SALE This townhouse is the perfect setting for the discerning buyer looking for a chic home that capitalises on its spacious & private layout. The minimalist design cleverly utilises the space, maximising the natural light that is captured by the high ceilings. (First home buyers may be eligible to receive the Government’s Building Boost Grant).
61 BROOKFIELD ROAD, KEDRON FOR SALE Nestled on a corner block this open plan spacious 2 bedroom home is perfect for the investor or someone looking to get into the market. With beautiful timber floors throughout & high ceilings this home boasts a large open plan layout with a seamless flow from living to dining & separate kitchen. Capturing cool summer breezes is your well-appointed verandah with room to entertain. This is a great opportunity to secure this townhouse alternative in one of Brisbane’s hottest suburbs.
E SU IS
QUARTERLY REPORT
top three reasons why clients choose
matthew jabs 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 KEDRON · Property
15 20
proudly presented by matthew jabs & team place estate agents
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2015,