St Lucia Apartment Report Spring 2013
St Lucia Apartments with Elliott Dean Market Overview for the second quarter :: April – June 2013
Apartment Sales
with Elliott Dean Street
Sale Date
Summary
Sale Price
164 Macquarie Street
02/04/2013
3
2
2
$900,000
82 Sandford Street
05/04/2013
2
2
5
$552,000
7 Bellevue Terrace
06/04/2013
3
2
2
$620,000
20 Prospect Terrace
22/04/2013
3
3
2
$639,000
8 Sandford Street
28/04/2013
3
1
1
$550,000
26 Carr Street
09/05/2013
2
2
1
$420,000
100 Macquarie Street
09/05/2013
3
2
2
$1,010,000
11 Armadale Street
11/05/2013
3
2
1
$490,000
76 Durham Street
14/05/2013
2
2
2
$520,000
300 Sir Fred Schonell Drive
18/05/2013
1
1
1
$337,000
120 Carmody Road
25/05/2013
2
2
1
$417,000
35 Depper Street
30/05/2013
3
2
2
$539,999
164 Macquarie Street
07/06/2013
2
2
1
$590,000
42 Durham Street
12/06/2013
2
2
2
$451,000
47 Warren Street
12/06/2013
2
2
2
$460,000
36 Warren Street
13/06/2013
2
2
1
$427,000
12 Sandford Street
14/06/2013
3
2
2
$850,500
92 Macquarie Street
18/06/2013
3
2
1
$966,600
17 Armadale Street
24/06/2013
3
3
2
$720,000
35 Durham Street
28/06/2013
2
2
1
$413,000
31% of
properties SOLD in our market during the last 3 moths were between $350,000 -‐ $450,000.
$17,824,599
total value of sales in the 3 months.
38% of
properties SOLD in our market during the last 3 moths were above $500,000.
27% of St
Lucia 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?
34
How many apartments are for sale in St Lucia today?
53
What is the highest apartment sales price over the last three months?
$1,010,000
What is the lowest apartment sales price over the last three months?
$310,000
What is the median apartment sales price over the last three months?
$451,000
What is the street(s) with the most sales in the past three months?
Macquarie Street (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 St Lucia 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 St Lucia. 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
St Lucia Apartment Specialist
0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au