Your place in the market. Autumn ‘16 Property Market Update I Phil Burley
Hello. Welcome to my latest report for Norman Park, Hawthorne, Bulimba and Camp Hill residential property. For more than ten years I have been helping people to buy and sell in these prized Brisbane suburbs and although a lot has changed in that time with the significant amount of growth and development that has taken place, our community spirit remains as vibrant, as captivating and as inviting as it has always been. There is certainly a lot to love about living here and when I am not out helping people move I am, like you, out there enjoying our first class amenities, parks and wonderful local cafe and dining scene.
143 properties sold across four suburbs
The current market. As we start our climb towards the middle part of the year, it is interesting to see what changes have taken place in the property market. Across Australia’s capital cities, and when compared to the same time last year, house prices have continued to grow, albeit by smaller percentages than previously which suggests that we have returned to a more modest paced market or cycle. Year on year, Brisbane as a whole grew by 4.5% and remains one of Australia’s most stable and most consistent market places in terms of capital growth. It is also unlikely that as a whole Brisbane will see any significant swing or adjustment to this level throughout the remainder of 2016. There are a number of factors that have resulted in Brisbane’s resilient trend since 2012, namely; consistent population growth change with an average growth rate of 2.2% per annum over the last ten years, there is generally less speculation based property investment and the market has consistently seen a level of supply – or homes – coming to the market.
Camp Hill “Many thanks for all your help in the sale of our property. We went with you on a recommendation and we felt that we always received excellent service from you all and achieved a great result. Phil’s communication after each open house was timely and honest and we felt that our property was being very well represented. These things are never an easy experience, however I felt that we were very supported with well-placed advice from the team. Thank you for all your help.”
J & K Williams
HIGHEST SALE PRICE
$1.5m
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
$420,000
42 days
50 properties
Norman Park top ten sales Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
35 Tennyson Street
4
3
2
405m2
Mar-16
$1,500,000
2
75 Brentnall Street
5
2
2
810m2
Feb-16
$1,380,000
3
178 Mcilwraith Avenue
4
2
2
405m2
Feb-16
$1,380,000
4
69 Macrossan Avenue
6
3
3
810m2
Feb-16
$1,360,000
5
120 Morehead Avenue
5
3
2
506m2
Jan-16
$1,195,000
6
9 Katherine Street
4
3
2
454m2
Mar-16
$1,130,000
7
1/49 Thackeray Street
4
3
2
227m2
Jan-16
$950,000
8
74 Mcilwraith Avenue
3
2
0
810m2
Jan-16
$900,000
9
129 Morehead Avenue
3
1
2
607m2
Mar-16
$750,000
3
2
1
668m2
Mar-16
$730,000
10 4 Pattison Avenue
HIGHEST SALE PRICE
$1.975m
$400,500
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
71 days
51 properties
Hawthorne top ten sales Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
99 Elliott Street
3
3
2
1019m2
Mar-16
$1,975,000
2
104 Philip Street
5
3
1
810m2
Feb-16
$1,660,000
3
17 Elliott Street
4
2
2
405m2
Mar-16
$1,520,000
4
7 Harris Street
4
2
2
382m2
Jan-16
$1,350,000
5
57 Barton Road
4
3
2
567m2
Mar-16
$1,060,000
6
20 Cawmore Road
4
3
2
599m2
Jan-16
$1,030,000
7
4/19 Mcdonald Street
3
2
2
227m2
Feb-16
$900,000
8
1/42 Philip Street
3
2
2
177m2
Mar-16
$855,000
9
70 Riding Road
4
3
2
241m2
Feb-16
$825,000
3
2
1
405m2
Jan-16
$790,000
10 59 Beatrice Street
HIGHEST SALE PRICE
$1.9m
$440,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
79 days
81 properties
Bulimba top ten sales Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
90-94 Oxford Street
-
-
-
289m2
Jan-16
$1,900,000
2
31 Kenbury Street
5
3
3
455m2
Mar-16
$1,800,000
3
41 Pine Street
5
2
2
506m2
Feb-16
$1,650,000
4
71 Mcconnell Street
2
1
1
440m2
Feb-16
$1,535,000
5
129 Coutts Street
5
4
2
500m2
Jan-16
$1,470,000
6
53 Brisbane Street
5
3
2
407m2
Mar-16
$1,350,001
7
87 Waterline Crescent
4
3
2
436m2
Mar-16
$1,350,000
8
45-47 Carr Street
3
1
1
921m2
Jan-16
$1,225,000
9
2 Shore Crescent
4
3
2
325m2
Feb-16
$1,225,000
2
1
4
607m2
Feb-16
$915,000
10 40 Carr Street
HIGHEST SALE PRICE
$1.42m
$262,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
79 days
64 properties
Camp Hill top ten sales Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
56 Henderson Street
4
3
2
607m2
Mar-16
$1,420,000
2
57 Tranters Avenue
4
2
2
431m2
Feb-16
$1,280,000
3
3 Stephen Street
5
3
2
459m2
Jan-16
$1,220,250
4
51 Indus Street
4
3
2
572m2
Feb-16
$1,215,000
5
12 Grant Street
4
2
2
511m2
Mar-16
$1,195,000
6
81 Albert Street
3
1
1
885m2
Mar-16
$1,100,000
7
73 Tarana Street
3
1
1
885m2
Mar-16
$1,100,000
8
48 Brisbane Avenue
3
1
1
810m2
Mar-16
$1,091,000
9
23 Brisbane Avenue
5
3
2
405m2
Feb-16
$1,080,000
4
3
2
405m2
Feb-16
$1,010,000
10 49 Stephen Street
Camp Hill Phil has a very clear and astute grasp of the market in general and quickly saw the unique selling points of our property. JS & R Collings
Morningside As a developer, Phil has always been professional in all my dealings with him in the last 10 – 15 years. He has sold over 20 of my homes and always strives to maximize the price the buyers are prepared to pay. Bruce Bell
RECENTLY SOLD
$1,100,000
$1,350,000
$935,000
$640,000
$1,280,000
$610,000
PHIL BURLEY 0432 349 077
Camp Hill Phil has sold over 10 homes for me and it is critical from my point of view I have an agent who can maximize every single dollar from every deal. Phil has done this on a regular basis in all markets. His negotiation skills are first class.
Phil Burley 0432 349 077 philburley@eplace.com.au
Hugh Bridle