Auchenflower Apartment Report Spring 2013
Auchenflower Apartments with Elliott Dean Market Overview for the second quarter :: April – June 2013
Apartment Sales
with Elliott Dean Street
Sale Date
Summary
Sale Price
26 Lang Parade
02/04/2013
3
2
2
$333,000
44 Dixon Street
05/04/2013
2
2
5
$380,000
8 Ridley Street
06/04/2013
3
2
2
$380,000
66 Dunmore Terrace
22/04/2013
3
3
2
$390,000
12 Fortitude Street
28/04/2013
3
1
1
$481,500
31 Dunmore Terrace
09/05/2013
2
2
1
$492,000
430 Milton Road
09/05/2013
3
2
2
$495,000
31 Dunmore Terrace
11/05/2013
3
2
1
$492,000
430 Milton Road
14/05/2013
2
2
2
$495,000
31 Dunmore Terrace
18/05/2013
1
1
1
$492,000
53 Dunmore Terrace
25/05/2013
2
2
1
$530,000
53 Dunmore Terrace
30/05/2013
3
2
2
$555,000
53 Dunmore Terrace
07/06/2013
2
2
1
$580,000
53 Dunmore Terrace
12/06/2013
2
2
2
$585,000
24 Dunmore Terrace
12/06/2013
2
2
2
$610,000
47 Bayliss Street
13/06/2013
2
2
1
$610,000
39 Bayliss Street
14/06/2013
3
2
2
$610,000
66 Dunmore Terrace
18/06/2013
3
2
1
$732,500
66 Dunmore Terrrace
24/06/2013
3
3
2
$760,000
4 Dowling Street
28/06/2013
2
2
1
$1,063,000
30% of
properties SOLD in our market during the last 3 moths were between $450,000 -‐ $550,000.
$11,155,000
total value of sales in the 3 months.
55% of
properties SOLD in our market during the last 3 moths were above $500,000.
22% of
residents fully own their property.
All Data contained in this report is sourced from Property Data Solutions.
Fast Figures with Elliott Dean
How many apartments have been sold in the last three months?
20
How many apartments are for sale in Auchenfower today?
22
What is the highest apartment sales price over the last three months?
$1,063,000
What is the lowest apartment sales price over the last three months?
$333,000
What is the median apartment sales price over the last three months?
$495,000
What is the street(s) with the most sales in the past three months?
Dunmore Terrace (5)
“Should you require any help or advice with your real estate needs, be assured I’m always at your service”.
Welcome to the Spring Edition of the Auchenflower Apartment Report There has been solid increase in buyer activity
over the last nine months which has lead to an overall increase in confidence & some outstanding sales results in Auchenflower. Property remains a very favorable option amongst investors & especially for owner-occupiers with interest rates continuing to fall. The current cash rate with the RBA is now at 2.50%, having steadily fallen from 4.75%, from November 2010. With the start of Spring considered by many the peak selling time, for those who are considering a move, this would be an excellent window of opportunity to capitalize on the re-newed confidence & backdrop of outstanding results being achieved. I genuinely believe the best time to sell a property is when the owner is most comfortable, however Spring is one of those times when if you’re deciding between a sale now or the early part of 2014, I would opt for today based purely on the facts mentioned above, plus where we are on the property clock/cycle. In summary, I feel a real opportunity presents itself if you are considering a sale in the short-term. We have a shortage of properties for sale, giving those sellers who act now, an opportunity to transact with less competition. Should you have any further real estate queries, be assured I’m always at your immediate real estate service.
Elliott Dean Auchenflower Apartment Specialist
0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au