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We never hold back.
welcome to my latest
ST LUCIA REPORT An average of 3,250 homes (houses and units) change hands every month in Brisbane and during the past twelve months Brisbane recorded home value growth of 6.7%.
Interest rates continue to units) were up 20.3% over the remain at all times low with past twelve months and it the October RBA meeting would appear that we are holding them at 2.5% for the becoming more comfortable 13th consecutive month. with increasing density levels Historically, interest rates are with unit approvals up just at extremely low levels and if over 28%. you have a good broker you On average it is taking should be able to pick up a If you would like a more about 48 days to sell a house variable mortgage product thorough report on your in Brisbane and 46 days to in the low-mid 4% range with property, please contact my sell a unit. Compared with most of the major banks team and I as we would be a year ago, this is about offering 5 year fixed rates a week faster and with slightly higher in the 4.79%glad to help. spring selling season firmly 4.95% range. upon us this could easily I hope you enjoy the read. reduce further again. It is You only have to look also estimated that sellers around our area to see that Michael Devlin are on average discounting there is a decent amount Brisbane Real Estate their asking price by 6.5% for of construction work at the house and 5.3% for units. present. Approvals for new 0408 44 99 20 dwellings (both houses and michael@brisbanerealestate.com.au Investment in residential property is around its highest levels since the end of 2003 with investors committing to I am proud and excited to offer you this market snapshot approximately $10.7billion in housing finance in the every quarter. During my time in real estate I have twelve months to June 2014. come to appreciate the difference quality information During the financial year we saw the investment property in combination with quality advice can make to a market grow by 23.8% thanks mostly to the potential for clients move. As such, I hope that you can appreciate strong capital gains and decent recent yields. this information as much as some of my clients have when they were making their decision to sell or to buy.
recent sales activity for
ST LUCIA PROPERTY The below table and the following page showcase recent sales activity for confirmed residential property sales in St Lucia that were recorded during April, May and June 2014.
Quarter
2013
HOW many properties SOLD during the period?
32
272
HOW many properties are CURRENTLY on the market?
83
N/A
$683,500
$550,000
$1,619,000
$4,325,000
$275,000
$240,000
$23.05million
$185.75million
Sir Fred Schonell Drive
Macquarie Street
WHAT was the MEDIAN price paid during the period? WHAT was the highest SOLD price during the quarter? WHAT was the lowest SOLD price during the period? HOW much was the VALUE of all SOLD properties during the period? WHICH street saw the MOST sales during the period?
St Lucia Sales Per Annum
St Lucia Last 12 Months Sales / Price Range
2010
Less then $500,000
2011
$501,000 - $600,000
2012
$601,000 - $750,000
2013
$751,000 - $1,000,000
2014
$1,000,001+ Approx 50 x transactions =
Home ownership levels across St Lucia show that just over 42% of households own outright or have a mortgage on their homes. The balance of the marketplace is mostly rented and with an average of 2.5 residents per dwelling. Nearly 57% of all dwellings in St Lucia are units or apartments.
The battle of the sexes is very even across St Lucia with the balance ever so slightly in favour of females with 50.7% of the total population. Just over 52% of St Lucia residents were born in Australia with China (5.6%) and Malaysia (4.9%) at number 2 & 3 respectively.
Approx 10 x transactions = We are a busy suburb of professionals with a huge 77.4% of residents having at least one tertiary qualification. A diverse and well educated suburb 37.9% of households speak more than one language at home. Other than English, Mandarin is the second most spoken language.
The median weekly income per household is $2,505 for families without children and $3,337 for those with children. With a large number of apartments/units it is not suprising to learn that most residential properties have only two bedrooms.
ABOUT this market report. 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.
recent sales activity for
ST LUCIA PROPERTY St Lucia
6/19 Durham Street $319,000 2
1
1
St Lucia
1/31 Sisley Street $390,000 96m2 2
1
1
St Lucia
2/74 Highland Terrace $418,000 3
1
2
St Lucia
16/182 Carmody Road $435,000 2
2
1
St Lucia
37/300 Sir Fred Schonell Dr $470,000 2
2
3
St Lucia
3/71 Mitre Street $480,000 94m2 2
1
1
St Lucia
1/62 Carmody Road $540,000 231m2 3
2
2
St Lucia
2/35 Depper Street $550,000 154m2 3
2
2
St Lucia
67/48 Walcott Street $555,000 2
2
1
St Lucia
2/55 Armadale Street $375,000 191m2 3
2
1
St Lucia
13/38 Durham Street $413,000 2
2
1
St Lucia
3/20 Durham Street $425,000 2
2
2
St Lucia
6/49 Durham Street $442,000 2
2
1
St Lucia
1/19 Depper Street $471,000 167m2 2
2
2
St Lucia
4/99 Macquarie Street $500,000 3
2
2
St Lucia
7/36 Jerdanefield Road $550,000 3
2
1
St Lucia
56/48 Walcott Street $555,000 2
2
1
St Lucia
2/154 Carmody Road $580,000 165m2 2
2
1
recent sales activity for
ST LUCIA PROPERTY St Lucia
2/106 Carmody Road $580,000 189m2 3
2
2
St Lucia
23 Dengate Lane $680,000 209m2 3
2
2
St Lucia
4 Boomerang Road $715,000 506m2 3
1
1
St Lucia
1/26 Ryans Road $820,000 135m2 3
2
2
St Lucia
3
2
24A Eleventh Avenue $1,220,000 405m2 3
3
2
2
St Lucia
1/39 Prospect Terrace $680,000 123m2 3
2
2
St Lucia
9/157 Gailey Road $819,500 178m2 3
2
2
St Lucia
8/72 Macquarie Street $920,000 534m2 2
2
2
44 Dell Road $1,140,000 405m2
St Lucia
4
3/23 Bellevue Terrace $589,000
St Lucia
46 Dell Road $1,140,000 405m2 4
St Lucia
2
4
2
2
St Lucia
433 Swann Road $1,650,000 678m2 4
3
2
St Lucia
160 Macquarie Street $6,750,000 1242m2 3
3
2
the peninsula effect
ST LUCIA
Largely regarded as one of Brisbane’s most exclusive and affluent suburbs St Lucia has evolved from somewhat humble beginnings as farming land to the highly
sought after residential enclave that it is today thanks in part to a great location but equally to a varied and diverse mix of property and dwellings.
Originally established as farming land, with a number of sugar plantations, the area was once part of Indooroopilly and was at one stage, albeit for a
short time, also known as Toowong South.
replace the existing one in George Street Brisbane.
In 1882 an existing sugar plantation, Coldridge Plantation, was purchased by one W Alexander Wilson who renamed it St Lucia Plantation after his birth place in the West Indies. Not long after, the plantation was subdivided and the name St Lucia was passedon to the subdivision.
Over the course of the next ten to fifteen years the campus started to take shape with an art deco inspired styling utilising large amounts of local Helidon sandstone and hard Queensland timbers. But it was not until after the end of the second world war did that the 111 hectare campus started to realise its academic intentions.
Bordered on all three sides by the Brisbane river, the peninsula of St Lucia’s landscape is today clearly dominated by the University of Queensland campus, which has an almost similar influence on the current resident demographic of the area as well. It was during the late 1920s that the Mayne family provided significant funding allowing for the purchase of a new university site to
Today, the University of Queensland campus continues to develop and so does the residential dwellings that surround it. With a large number of new builds and large scale renovations taking place each year the suburb of St Lucia continues along a path of gentrification that attracts owner occupiers wanting an exclusive piece
of Brisbane and similarly attracts investors wanting to maximise their capital gains and earnings potential thanks to a strong demand from prospective tenants. With a number of transport options available, including two CityCat terminals Guyatt Park and University of Queensland - the suburb remains an easy to get to location a mere 6km from the centre of town. There is a lot on offer, property wise, in St Lucia and whether you are buying or selling it pays to consult with a local expert to make sure that you are making the best decision for your family, circumstance and lifestyle goals. To discuss the options available to you in the current market call me today. Michael Devlin 0408 44 99 20
FOR SALE 108 NINTH AVE, ST LUCIA
URBAN LIVING & LIFEST YLE • 4 double bedrooms + office • Master suite including ensuite with free-standing bath, dual basins and separate dressing room • 2.5 Bathrooms • Gourmet kitchen featuring wrap around 40mm stone bench tops and walk-in pantry, SMEG applicances, and pendant feature lighting • 4 defined living areas • French Oak Timber Flooring to the living with quality carpet to the upper level • Wine Cellar/Storage • Fully ducted and zoned air-conditioning throughout the home • Alfresco area with Built-in Beef Eater BBQ, stone bench tops and sink
5
*Artists impression
2.5
2
• Pool with frame less glass fencing and handmade timber seating, storage and pool equipment box • Water penetration alarm for pool • Led lighting to pool with smart phone control • Double lock up garage • Security system with video intercom • Fully landscaped • Rendered block work and concrete sleeper retaining walls • Absolute North Facing, Elevated position with tree top views • Walking distance Ironside State School, shops and public transport
MICHAEL DEVLIN 0408 44 99 20
a real perspective:
CLIENT FEEDBACK
A real estate transation is a big deal and I am privileged to have been able to assist some truly great people make amazing moves. It is particularly rewarding when they tell everyone else about how good their experience was...
“We can’t recommend Michael’s style and professionalism highly enough to anyone considering choosing an agent.” We met Michael by chance at an open home for a house which we were unable to purchase due to timing. To my surprise, Michael contacted me to discuss what our exact requirements were and also made some great suggestions into the area where we were searching for the right property. Michael was both patient and thorough. He showed us those properties that met our criteria, and was patient enough to spend the time it took for me to feel comfortable making a buying decision. We really appreciated the fact that he wasn't pushy and didn't waste time trying to sell us a property which would not have met our needs and was proactive in seeking out properties which could be suitable for us. By taking into consideration what our requirements were Michael was able to show us a property, which although had been on the market for several months with another agent, was newly listed with Michael and resulted in him selling to us on the same day!
Michael remained focused on what our requirements were while negotiating with the vendor swiftly and reasonably, bringing to the table a deal which all parties were happy with in an incredibly short amount of time. Michael handled everything efficiently and professionally, which was a great relief to us while we were at the same time preparing and arranging to lease our house out and both working full time. He also went above & beyond by being available to be at the property on multiple occasions and ensure that measurements for window coverings could be completed prior to settlement thus ensuring that orders for these could be placed as early as possible. Michael was always available to us for questions on the weekend, during the evenings on the phone and via email which was invaluable to us at the time while still maintaining his patience and good humour throughout the entire process. We can't recommend Michael's style and professionalism highly enough to anyone considering choosing an agent. Paul & Cathy G.
Michael Devlin
0408 44 99 20 michael@brisbanerealestate.com.au St Lucia · Indooroopilly
Lifestyle key to client success
MICHAEL DEVLIN
A true professional, Michael Devlin is characterised by his energetic and disciplined approach to ensuring a successful outcome for every property he handles.
freedom to provide tailored advice to clients buying or selling properties. Being able to execute effective marketing campaigns and providing honest, frank advice about current market trends gives
Michael is the former owner of a successful business based in the Western Michael a clear edge suburbs. His experience and when it comes to achieving understanding of consumer outstanding sales results. behaviours allows him the
Michael truly enjoys the competitive nature of real estate and has an innate ability to maximise the value of his clients’ most precious asset, a skilled negotiator and has the ability to exceed his clients’ expectations due to his strong work ethic and determined nature.
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