St Lucia Apartment Market Report February 2016

Page 1

St Lucia

Apartment Report


Welcome to 2016! Dear Valued St Lucia Owners, 2016 is shaping up to be another great year in real estate. There are certainly plenty of genuine buyers around at the moment, and towards the end of last year we were getting multiple offers on all of our properties which is a great sign. There is still a distinct lack of available stock in the market - we think that this limited availability of selection will lead to some really great prices in the coming weeks ahead. Interest rates are still very steady and this gives buyers and sellers great piece of mind in terms of their confidence & buying position. If at any time you have a real estate question, 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

6/12 Bryce Street

10/10/2015

2

1

1

$432,000

1/67 Macquarie Street

13/10/2015

2

1

1

$375,000

7/320 Sir Fred Schonell Drive

15/10/2015

2

2

0

$530,000

5/39 Depper Street

20/10/2015

2

2

2

$620,000

6/87 Macquarie Street

20/10/2015

2

2

2

$425,000

6/58 Highview Terrace

21/10/2015

Details Withheld

$860,000

4/63 Ryans Road

22/10/2015

2

2

1

$515,000

7/93 Macquarie Street

24/10/2015

2

2

1

$433,000

3/22 Warren Street

24/10/2015

2

1

1

$370,000

13/201 Sir Fred Schonell Drive

30/10/2015

2

2

1

$412,500

7/2 Gailey Road

30/10/2015

Details Withheld

$267,500

16/157 Gailey Road

11/11/2015

Details Withheld

$925,000

2/101 Sir Fred Schonell Drive

12/11/2015

3

$560,000

2

2

Sale Price

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 14 Apartments have been sold in St Lucia over the past 3 months. 63 St Lucia Apartments have been listed to sell in the past 90 days. The highest apartment sale price in St Lucia over the past 3 months was $925,000. The lowest apartment sale price in St Lucia over the past 3 months was $267,500. The median apartment sale price in St Lucia over the past 3 months was $474,000.

Sales Insights 50% of St Lucia apartments sold during the last 3 months were sold between $500,000 $1,000,000. The total value of apartment sales in St Lucia during the past 3 months is $7,340,000. 232 apartments were sold in St Lucia during 2015. 36% of St Lucia apartments sold in 2015, sold for over $500,000. 883 Apartments have been sold in St Lucia over the past 5 years.

All data contained in this report has been sourced from Property Data Solutions.

St Lucia Apartment Specialist Elliott Dean 0401 762 655 or elliottdean@remax.com.au


Rental Insights There are currently 159 apartments for rent in St Lucia. During this quarter, and additional 145 bonds for rental properties in postcode 4067 were lodged. See below for median rental prices in St Lucia for this quarter.

Bedrooms

Median Rent

1 2 3

$270 $400 $560

A slice of St Lucia history

Loading hay at St Lucia - 1936

John Carmody and Robert Cribb were the first to establish farms in what is now the suburb of St Lucia. In the early 1850s John Carmody ‘squatted’ on land in the river pocket, and Robert Cribb set up Lang Farm on the south bank of Toowong Creek. By 1859 all of the land in St Lucia had been sold, and most established with sugar plantations. In 1882, William Alexander Wilson purchased one of these plantations which reminded him so much of his West Indies birthplace, that he renamed the plantation St Lucia Sugar Plantation. The land was subdivided in 1883 and the name transferred to the subdivision.

Refinancing or Investing?

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.


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