Taringa Apartment Report Spring 2013
Taringa Apartments with Elliott Dean Market Overview for the second quarter :: April – June 2013
Apartment Sales
with Elliott Dean Street
Sale Date
Summary
Sale Price
57A Oxford Terrace
03/04/2013
3
2
2
$565,000
106 Indooroopilly Road
04/04/2013
2
2
2
$355,000
12 Gregory Street
11/04/2013
3
2
2
$629,000
32 Swann Road
11/04/2013
3
2
2
$645,000
83 Hillsdon Road
13/04/2013
3
2
2
$715,000
63 Oxford Terrace
23/04/2013
3
2
2
$525,000
103 Beatrice Street
09/05/2013
2
2
2
$506,000
186 Moggill Road
09/05/2013
2
2
1
$389,000
120 Indooroopilly Road
25/05/2013
2
2
1
$400,000
20 Rokeby Terrace
27/05/2013
3
2
1
$499,000
46 Lucinda Street
03/06/2013
2
1
1
$379,000
32 Swann Road
04/06/2013
3
2
2
$645,000
91 Whitmore Street
05/06/2013
2
1
2
$375,000
44 Broomfield Street
06/06/2013
3
2
2
$480,000
162 Swann Road
06/06/2013
2
2
1
$425,000
22 Waverley Road
07/06/2013
2
1
1
$352,000
7 Woodstock Avenue
07/06/2013
2
2
1
$439,000
115 Indooroopilly Road
09/06/2013
3
2
2
$870,000
32 Swann Road
18/06/2013
3
2
2
$685,000
48 Alpha Street
29/06/2013
2
1
1
$321,500
42% of
properties SOLD in our market during the last 3 moths were between $350,000 -‐ $450,000.
$16,931,500
total value of sales in the 3 months.
27% of
properties SOLD in our market during the last 3 moths were above $500,000.
24% of
Taringa owners 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?
40
How many apartments are for sale in Taringa today?
52
What is the highest apartment sales price over the last three months?
$870,000
What is the lowest apartment sales price over the last three months?
$238,000
What is the median apartment sales price over the last three months?
$402,500
What is the street(s) with the most sales in the past three months?
Indooroopilly Road (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 Taringa 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 Taringa. 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 Taringa Apartment Specialist
0401 762 655 & (07) 3510 5245 elliottdean@remax.com.au www.elliottdean.com.au