Taringa
Apartment Report 1st Quarter 2015
Taringa market insights with Property Specialist Elliott Dean
Welcome, to the Taringa Apartment Report. This is your insight into the market activity of your suburb. The last three months have seen strength in all price ranges and a genuine increase in buyer confidence due to the lower interest rates on offer. I trust you will find this information valuable. Sincerely, Elliott Dean Property Specialist 0401 762 655
Apartment sales Street
Sale Date
Summary
22 Stanley Terrace 36 Alpha Street 16 Darvall Street 16 Sundridge Street 1/145 Gailey Road 39 Hillsdon Road 6/22 Waverley Road 72 Alpha Street 83 Swann Road 72 Alpha Street 3/10 Lucinda Street 12 Bellevue Parade 98 Whitmore Street 124 Whitmore Street
06/01/15 09/01/15 15/01/15 20/01/15 21/01/15 28/01/15 30/01/15 03/02/15 06/02/15 09/02/15 13/02/15 14/02/15 20/02/15 06/03/15
2 bed, 1 bath, 1 garage 2 bed, 2 bath, 1 garage 2 bed, 1 bath, 1 garage 2 bed, 2 bath, 2 garage 2 bed, 1 bath, 1 garage 2 bed, 1 bath, 2 garage 2 bed, 1 bath, 2 garage 2 bed, 2 bath, 2 garage 2 bed, 1 bath, 1 garage 2 bed, 2 bath, 1 garage 2 bed, 2 bath, 1 garage 3 bed, 2 bath, 2 garage 2 bed, 2 bath, 1 garage 2 bed, 2 bath, 1 garage
Sale Price $365,000 $400,000 $323,000 $419,000 $350,000 $330,000 $392,000 $500,000 $373,000 $450,000 $417,000 $700,000 433,750 $435,000
All data contained in this report has been sourced from APM Price Finder Data.
Fast figures
212 Taringa apartments were sold during 2014
52 apartments are for sale in Taringa today
The highest apartment sales price over the last 3 months was $1,300,000
The lowest apartment sales price over the last 3 months was $295,000
The median apartment sales price over the last 3 months was $434,000
Insights
11.5% of properties sold during the last 3 months were between $700,000$1,000,000.
$16,421, 177 total value of sales in the 3 months
2% of properties sold in our market during the last 3 months were above $1,000,000
24% of residents fully own their property
39 Taringa apartments were sold in the 3 months
Riverside Rooftop Featured Sale Quay Street, Brisbane City
Sold in three weeks from auction 76 buyer inspections 5,312 internet inspections 23 VIP viewings Sold for the full asking price of $689,000
17 year history of Taringa Apartment sales Year 1998 1999 2000 2001 2002 2003
No. of Sales 150 182 180 353 304 298
Median $161,500 $172,500 $162,750 $169,000 $193,000 $263,500
Growth -5.0% 6.8% -5.7% 3.8% 14.2% 36.5%
Low $57,500 $72,000 $45,000 $15,000 $80,000 $100,000
High $560,000 $745,000 $985,000 $880,000 $950,000 $1,850,000
2004
215
$264,000
0.2%
$24,000
$1,225,000
2005
194
$290,000
9.8%
$15,000
$2,270,000
2006
190
$309,500
6.7%
$110,000
$1,650,000
2007
223
$355,000
14.7%
$100,000
$3,305,500
2008
151
$386,000
8.7%
$215,000
$1,075,000
2009
176
$400,000
3.6%
$200,000
$2,100,000
2010
152
$426,750
6.7%
$238,000
$1,600,000
2011
144
$408,500
-4.3%
$207,500
$2,200,000
2012
135
$399,000
-2.3%
$243,000
$1,650,000
2013
152
$405,000
1.5%
$152,000
$1,600,000
2014
202
$426,608
5.3%
$143,000
$2,450,000
About Elliott Dean Awarded #1 Sales Agent Under 30 RE/MAX Australia RE/MAX Platinum Award winner 2015 Listed in RE/MAX’s top 100 Real Estate Agent’s in the world 2014 Following in the footsteps of a grandfather and father in the real estate industry who have instilled over 60 years of experience and knowledge “The decision to sell your property takes time and careful consideration. If you are thinking of selling, I would love work with you to get the price you want. For a free property evaluation please contact me on 0401 762 655 or email elliottdean@remax.com.au”
Elliott Dean
Property Specialist
0401 762 655 07 3510 5245
elliottdean@remax.com.au www.elliottdean.com.au “Should you require any help with your real estate needs, be assured I am always at your service.” Photo: Michael Daveron, Managing Director, RE/MAX Australia presents #1 Sales Agent Under 30 award to Elliott Dean