St Lucia Apartment Market Report May 2017

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ST LUCIA

Apartment Report

Elliott Dean

0401 762 655

(07) 3162 4994 6/41 Park Road, Milton QLD 4064 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 St Lucia Owners, As we move into the cooler months, most sellers are thinking of whether to come on the market now or wait until later in the year when spring is upon us. In the last quarter there has been a shortage of quality properties over the traditional summer period and anything that has come on the market and been well marketed, has been SOLD in good time. Now, moving into winter, there will be even less stock available so what a great way for an owner to command the market to themselves! An abundance of surplus buyers from the summer months means getting a PREMIUM for your property. We are certainly seeing a remarkable buying uptake of homes when they are brought to market, for example, our recent sale of 49 Upland Road, St Lucia (506sqm post war 3Bedroom home) had 45 Buyer inspections, 11 registered bidders and achieved a result well above the owners expectation successfully selling for $1,200,000. The best advice we can give any seller right now? SELL TODAY and don’t wait until spring as you will be seeing an increase in homes coming to market which then gives buyers more choice. Dean Property Team has sold more than 45 properties in just over 6 months and look forward to a strong second half of the year – I am here to help you with your real estate needs. Kind regards,

Elliott Dean – Principal

Recent Sales Address

Sale Date

2/14 Bishop Street 72/48 Walcott Street 2/24 Depper Street 2/66 Sisley Street 5/100 Macquarie Street 3/24 Twelfth Avenue 2/50 Warren Street 6/100 Macquarie Street 22/164 Macquarie Street 1/76 Armadale Street 3/28 Hawken Drive 18/136 Macquarie Street 6/25 Sir Fred Schonell Drive 26/15 Bellevue Terrace

03/02/2017 06/02/2017 16/02/2017 27/02/2017 27/02/2017 01/03/2017 02/03/2017 02/03/2017 09/03/2017 16/03/2017 30/03/2017 05/04/2017 10/04/2017 17/04/2017

Summary

Sale Price

2 1 2 1 2 2 2 2 2 2 1 1 2 1 2 2 2 2 2 2 Details Withheld 2 1 3 1 0 1 1 1 2

3 2 2 2 3 2 3 3 2 3

$450,000 $540,000 $400,000 $485,000 $1,200,000 $332,000 $522,500 $1,300,000 $625,000 $710,000 $880,000 $685,000 $222,000 $415,000

All data contained in this report has been sourced from Price Finder.

ST LUCIA

Elliott Dean

0401 762 655

(07) 3162 4994 6/41 Park Road, Milton QLD 4064 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


Sales Activity Statistics Fast Figures •

28 apartments have been sold in St Lucia over the past 3 months.

67 apartments in St Lucia are currently for sale.

The highest sale price for an apartment in St Lucia over the past 3 months was $1,300,000.

The lowest sale price for an apartment in St Lucia over the past 3 months was $222,000.

The median sale price for an apartment in St Lucia over the past 3 months was $513,250.

Sales 50% Insights of apartments sold in St Lucia during the past 3 months sold for over $500,000.

17% of apartments sold in St Lucia during the past 3 months sold for over $750,000.

The total value of apartments sales in St Lucia during the past 3 months is $17,293,000.

 Sales results as per configuration: 3 Bedrooms = 50% 2 Bedrooms = 42% 1 Bedroom = 2%

All data contained in this report has been sourced from Price Finder.

ST LUCIA

Elliott Dean

0401 762 655

(07) 3162 4994 6/41 Park Road, Milton QLD 4064 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


Rental Insights 

There are currently 100 apartments for rent in St Lucia.

An additional 459 bonds were lodged with the RTA for postcode 4067 during this quarter.

Median rental prices for apartments in St Lucia during this quarter are as below: Bedrooms 1 2 3 4

Median Rent $330.00 $420.00 $565.00 $750.00

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.

ST LUCIA

Elliott Dean

0401 762 655

(07) 3162 4994 6/41 Park Road, Milton QLD 4064 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


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