Sinnamon Park SPRING REPORT
Krissy Jenkins will get you more Welcome to my spring property report for the Centenary suburbs. The mild winter we have experienced is coming to an end. Spring is upon us and brings with it the promise of the growing season, greening up gardens, recreational spaces and the abundant outdoor areas which we are privileged to have throughout the Centenary suburbs. Every aspect of the spring season can work in a seller’s favour, with the sun shining and the flowers in bloom; it not only makes your home look its best, but also encourages buyers to get out into the warm air to attend open for inspections and auctions.
Brisbane Market update If we look at the overall Brisbane property market, and compare it to the Sydney and Melbourne markets, Brisbane offers substantially more affordable property. This is intensifying demand, particularly from investors. As the PIPA (Property Investment Professionals of Australia) Chairman said, “I think on the whole it’s going to be an affordability story, there’s an almost 70 per cent difference in median value and only a 17 per cent income difference between Brisbane and Sydney.” 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.
Centenary Suburbs In general the Centenary suburbs are persisting on a consistent trajectory in terms of median house price growth. Jamboree Heights has produced fantastic growth showing a median house price increase of 10.62 per cent over the last 12 months. Westlake is the runner up producing a median house price growth of 7.62 per cent over the same period. It is interesting to note that census data shows Brisbane’s population increased 23.7 per cent between 2006 and 2016 however some of the centenary suburbs are in a population decline, says demographer Mark McCrindle. Mr McCrindle attributes this to the fact that household structures have changed. The median age of residents in these suburbs is much older than the rest of Brisbane, and because the area is largely homogenous, this has caused the population to decline all together.
As the empty nesters begin to move out, younger families will start to move back in. Two residents might be replaced with four, and the population gradually begins to increase again. What’s so exciting is that with the change in population you can expect regeneration, which in turn attracts more people and then more development, increasing demand, propelling median house prices upwards in these areas. In the next few years the property market in the Centenary Suburbs is likely to be very interesting indeed. If you are considering buying or selling, or just thinking how you can best navigate the current market, feel free to give me a call to discuss how best to move forward.
Krissy Jenkins 0400 686 443 krissy@moreestateagents.com.au 1/86 Curragundi Road, Jindalee
Sinnamon Park statistics at a glance median price for the period number of sales for the period total sales ($) for the period
$694k
highest price for the period
$1.560m
31
lowest price for the period
$400k
$21.8m 7 Samuel Place $1,560,000 1001m2
5
3
days on market for the period
36 8 Samuel Place $1,180,000 800m2
2
4
2
63 Sinnamon Road $995,000 523m2
1 Bremer Lane* $940,000 605m2
5
4
2
2
3
2
2
30 Lakeside Circuit $860,000 660m2
97 Thomas Macleod Avenue $850,000 769m2
4
4
2
2
4 Malia Street $835,000 838m2
5
2
2
2
82 Mcpherson Road $830,000 810m2
2
4
2
2
88 Windermere Avenue $825,000 700m2
90 Mcpherson Road $796,750 835m2
4
4
2
2
2
2
Sinnamon Park recent sales activity 60 Dove Tree Crescent $790,000 703m2
15 Kobble Court $775,000 1265m2
4
5
3
2
3
2
6 Green Hill Court $770,000 723m2
16 Dove Tree Crescent $750,000 732m2
5
5
4
2
3
2
14 St Amand Street $705,000 739m2
2 Allamanda Court $683,000 636m2
4
4
2
2
5 Blyde Street $649,000 679m2
4
2
2
2
92 Avondale Road $630,000 760m2
2
30 Hawk Place $610,000 680m2
4
2
4
2
2
9 Sandalwood Street $600,000 663m2
2
4
2
4
38 Leopard Tree Crescent $585,000 874m2
5 Hercules Place $569,000 660m2
4
3
2
3
2
2
34 Glen Ross Road* $555,000 663m2
89 Drummond Street $531,500 701m2
4
3
2
2
2
2
Sinnamon Park recent sales activity 3 Elm Close $530,000 809m2
4
2
5 Buscall Court* $530,000 731m2
2
3
1
2
22 Homebush Crescent $525,000 470m2
10 Sandalwood Street $507,500 852m2
3
4
2
2
2
2
48 Leopard Tree Crescent* $500,000 795m2
12 Santolina Place $400,000 899m2
3
3
2
1
1
1
Edenbrooke recent sales activity 49 Flindersia Crescent $980,000 1087m2
25 Highland Drive $960,000 630m2
5
4
3
2
3
3
9 Harpulia Place* $800,000 700m2
153 Edenbrooke Drive* $800,000 570m2
4
4
2
2
17 Harris Place $546,000 455m2
4
2
2
2
4 Harris Place $517,000 465m2
2
3
2
1
About this marketplace report. In compiling this report the author has relied upon information supplied by a number of 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 sale transactions and statistics presented in this report are for both confirmed settled and some yet to be confirmed settled transactions (*) reported during the months of April to August 2017. Some properties may have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Krissy Jenkins and More Estate Agents by datachurp.
SOLD SOLD
I got them
Krissy Jenkins will get you more
Steven Kremer
Sinnamon Park, 14 St Amand Street “Krissy’s communication was excellent, she was always available, approachable and informed. As a first time buyer with no experience at all Krissy made us comfortable at every level.” Kumar & Tanya, happy buyers, July 2017. “Krissy Jenkins was “Awesome”. We found Krissy to be personable and professional at all times. She is helpful and kept us informed throughout the selling process. Krissy’s knowledge of the housing market and her commitment, drive and enthusiasm contributed enormously to the sale of our property. We are happy to recommend her.” Nick & Angeline, happy sellers, July 2017.
0433 852 400 Krissy Jenkins steven@moreestateagents.com.au
0400 686 443 I krissy@moreestateagents.com.au
SOLD I got them
Krissy Jenkins 0400 686 443 krissy@moreestateagents.com.au