Auchenflower
Apartment Report
Introduction Dear Valued Auchenflower Owners, With the first quarter of the year completed we have seen many excellent results across all price ranges. Our sellers have experienced great results and in some cases, multiple offers from buyers which is a very positive sign. There is still a distinct lack of available stock on the market – we believe that this limited availability of selection will lead to some high and exciting prices in the weeks and months ahead. According to a recent Domain Report, bank lending conditions have tightened slightly as low interest rates continue to support robust housing markets. There is even a chance of future rate cuts due to concerns over the prospects for local and international economies, despite a sharp improvement in the national unemployment rate over February. If at any time you have a real estate questions, be it big or small, or if you would like an evaluation of your property, obligation free, be assured I am always at your service. Kind regards, Elliott Dean
Recent Apartment Sales Address
Sale Date
Summary
47/40 Chasely Street
04/01/2016
Details Withheld
5/97 Eagle Terrace
11/01/2016
2
2/11 Lima Street
12/01/2016
Details Withheld
$427,000
4/33 Dixon Street
16/01/2016
2
$405,000
62/30 Chasely Street
18/01/2016
Details Withheld
$820,000
7/18 Dunmore Terrace
26/01/2016
2
2
1
$485,000
18/47 Bayliss Street
02/02/2016
3
2
2
$673,000
14/35 Chasely Street
08/02/2016
Details Withheld
$430,000
4/45 Chasely Street
11/02/2016
2
2
1
$510,000
16/8 Dunmore Terrace
12/02/2016
3
2
3
$830,000
2/29 Park Avenue
29/03/2016
2
1
1
$317,000
1 2
1 1
Sale Price $1,340,000 $325,000
All data contained in this report has been sourced from Property Data Solutions.
Call Elliott Dean today on 0401 762 655 for all your Real Estate needs
Sales Activity & Statistics Fast Figures 22 Apartments have been sold in Auchenflower over the past 3 months. 32 Auchenflower Apartments are currently for sale in Auchenflower. The highest apartment sale price in Auchenflower over the past 3 months was $1,340,000. The lowest apartment sale price in Auchenflower over the past 3 months was $317,000. The median apartment sale price in Auchenflower over the past 3 months was $428,500.
Sales Insights 33% of Auchenflower apartments sold during the last 3 months were sold between $500,000 - $1,500,000. 31% of apartment sales in Auchenflower sold for $500,000 or above. The total value of apartment sales in Auchenflower during the past 3 months is $8,796,000. The average ‘Days on Market’ for an Auchenflower apartment is 40. Sales results as per configuration: 3 Bedroom = 2 Bedroom = 1 bedroom =
17% 71% 12% All data contained in this report has been sourced from Property Data Solutions.
Auchenflower Apartment Specialist Elliott Dean 0401 762 655 or elliottdean@remax.com.au
Rental Insights There are currently 58 apartments for rent in Auchenflower. During this quarter, and additional 501 bonds for rental properties in postcode 4066 were lodged. See below for median rental prices in Auchenflower for this quarter.
Bedrooms
Median Rent
1 2 3
$330 $400 $550
A Slice of History…
McIlwraith Croquet Club 21 Dixon Street, Auchenflower
In 1923 the Mcilwraith Croquet club was established after the land was bequeathed to the Town of Toowong by Lady Harriette Ann McIlwraith, and was donated for ‘recreational purposes’ only. The origin of the clubhouse is unclear however as the clubs’ records were destroyed in the 1974 floods when all but the roof was submerged. It was recently learnt that this was a ‘Women Only’ club until 1946 when males were permitted to join. For more information or to book a game, contact the Clubhouse on 3870 3771.
Mortgage Health Check?
Elliott Dean
Call Shin Luan to find the right
0401 762 655
mortgage structure and industry leading competitive rates for your new home. Book your complimentary consultation today.
elliottdean@remax.com.au www.profilerealestate.com.au
0488 987 881
Call Elliott Dean today on 0401 762 655 for all your Real Estate needs.