MILTON
Property Report
Elliott Dean
0401 762 655
(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au
Introduction
Sensational location in a well kept secure building, on the first floor and one of only 5 in the block. This apartment offers a care
Dear Valued Milton Owners, Spring is almost upon us and well priced properties are selling fast, due to the low amount of stock available on the market. There has been a rapid influx of interstate and international buyers investing in Queensland property as they see value where locals may not. If you are thinking of selling, do so now to take advantage of the low number of properties on the market and the interstate and international interest in our Queensland real estate. In doing so, you will be certainly guaranteed a premium price for your property. Many of you may also be aware that banks are tightening up their lending criteria. If you are looking at buying or even investing in the next few months, it might be time to assess your current lending portfolio. Our highly experienced finance broker, Shin Luan can get you the best deal and put a structure in place that works for you in the next 12 months, two years or even five years. You may also have the opportunity to capitalise on refinancing with a lender who still allows a 90% Loan Valuation Ratio for investors. As banks continue to tighten their loan services, having a dedicated finance broker on your side can make all the difference. I hope you will enjoy reading through the insights provided in this Market Report. If you are looking to sell, Dean Property Team has launched a Video Series featuring useful tips to consider during the selling process - to find out more about these insights visit our @deanpropertyteam Facebook page! Yours sincerely,
Elliott Dean – Principal
Recent Sales Address 2016/18 Manning Street 1026/18 Manning Street 31 Baroona Road 21 Heussler Terrace 8/36 Gordon Street 1/29 McDougall Street 9 Lucy Street 17/21 Manning Street 49/205 Coronation Drive 12/205 Coronation Drive
Sale Date
Summary
Sale Price
02/05/17 04/05/17 13/05/17 15/05/17 16/05/17 18/05/17 25/05/17 31/05/17 30/06/17 06/07/17
2 2 3 1 1 1 1 0 2 1 2 2 2 1 2 Details Withheld 2 1 3 Details Withheld 2 2 2 2 2 3
$625,000 $290,000 $822,000 $680,000 $405,000 $415,000 $750,000 $532,350 $2,700,000 $970,000
All data contained in this report has been sourced from Price Finder.
MILTON
Elliott Dean
0401 762 655
(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au
Sales Activity Statistics Fast Figures A total of 14 apartments and 3 houses have been sold in Milton over the past 3 months. There are a total of 6 houses and 46 units currently for sale in Milton. The highest sale price for an apartment in Milton over the past 3 months was $2,700,000. The lowest sale price for an apartment in Milton over the past 3 months was $290,000. The highest sale price for a house in Milton over the past 3 months was $822,000. The lowest sale price for a house in Milton over the past 3 months was $680,000.
Sales Insights 53% of properties sold in Milton during the past 3 months sold for over $500,000.
The average ‘Days on market’ for properties sold in Milton is 51 days.
18% of properties sold in Milton during the Sales results as per configuration: past 3 months sold for over $750,000. 3 Bedrooms = 38% 2 Bedrooms = 50% 1 Bedroom = 12% The total value of property sales in Milton during the past 3 months is $11,309,350.
All data contained in this report has been sourced from Price Finder.
MILTON
Elliott Dean
0401 762 655
(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au
Rental Insights
There are currently 42 apartments and 7 houses for rent in Milton.
An additional 293 bonds were lodged with the RTA for postcode 4064 during this quarter.
Median rental prices for Milton properties during this quarter are as below: Bedrooms
Median Rent (Apartment)
Median Rent (Houses)
1 2 3 4
$395 $400 $585 N/A
N/A $475 $580 $700
All data contained in this report has been sourced from Price Finder.
Giving Back At Dean Property Team, we believe in the importance of giving back and supporting good causes. That is why we support local charities that are making amazing differences in people’s lives. When you sell your home with Dean Property Team, we donate $150 from our commission to one of three charities. All you need to do is choose which charity we donate to.
So far this year, and with your help, Dean Property Team have donated over $3,000 to your chosen charities! MILTON
Elliott Dean
0401 762 655
(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au