TOOWONG
Apartment Report
Introduction Dear Valued Toowong Owners, The second quarter of the year has been upbeat with great confidence shown by buyers in a market where the low levels of stock to choose from has created great results for our owners. The low interest rate environment is having a significant impact as it allows more buyers into the marketplace. With rates at record lows, it’s almost cheaper to buy than rent a home or apartment. If you are thinking of selling, this is the time to sell to get your premium price. As Spring approaches more stock will come on the market and the dynamics of buyers and sellers may change. If at any time you have any real estate questions, 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
Sale Price
55/7 Landsborough Terrace
01/04/16
2
2
1
$425,000
1/36 Soudan Street
05/04/16
3
2
2
$481,000
5/23 Curlew Street
11/04/16
3
2
2
$580,000
1/3 Norwood Street
12/04/16
Details Withheld
$650,000
4/3 Bennett Street
22/04/16
Details Withheld
$542,000
8/20 Land Street
27/04/16
2
2
1
$814,500
5/44 Dovercourt Road
06/05/16
3
2
2
$629,000
4/19 Golding Street
10/05/16
3
2
2
$700,000
20/36 Glen Road
18/05/16
3
2
2
$780,000
3/29 Orchard Street
25/05/16
2
1
2
$252,000
14/16 Patrick Lane
26/05/16
2
2
1
$560,000
1/9 Sylvan Road
24/06/16
2
1
1
$475,000
12/26 Maryvale Street
29/06/16
2
2
2
$460,000
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 33 Apartments have been sold in Toowong over the past 3 months. 67 Toowong Apartments have been listed to sell in the past 90 days. The highest apartment sale price in Toowong over the past 3 months was $814,500. The lowest apartment sale price in Toowong over the past 3 months was $252,000. The median apartment sale price over the past 3 months was $505,000.
Sales Insights 50% of Toowong apartments sold during the last 3 months were sold between $200,000 $500,000. 19% of apartment sales in Toowong sold for $700,000 or above.
Call Elliott Dean today on 0401 762 655 total value apartment toThefind theofsolution to your property goals. sales in Toowong during the past 3 months is $13,911,500. The average days on Market for a Toowong apartment is 43. Sales results as per configuration: 3 Bedroom = 2 Bedroom =
59% 41%
Toowong Apartment Specialist Elliott Dean 0401 762 655 or elliottdean@remax.com.au
Rental Insights There are currently 102 apartments for rent in Toowong. During this quarter and additional 282 bonds for rental properties in postcode 4066 were lodged.
Toowong Apartment Specialist
Median rental prices in Toowong for this quarter as below.
Elliott Dean 0401 762 655 or elliottdean@remax.com.au
Bedrooms
Median Rent
1
$320
2
$395
3
$500
All data contained in this report has been sourced from Property Data Solutions.
What’s On In Toowong What better way to welcome Spring then to attend the Annual Spring Orchid Show at Brisbane’s Botanical Gardens, Mt Coottha. The Show spans over 2 days – 27th & 28th August 2016, and for the low cost of $4 per adult (free entry for children under 14 years) you can view the amazing displays and many types of orchid species and hybrids, including Australian native orchids, modern hybrids and exotic species. There will also be an Arts & Crafts stall with homemade jams and cakes, and floral arrangements featuring Orchids. Light refreshments will be served throughout the day including Devonshire teas. The event is suitable for all ages and is wheel chair friendly. For more information, please contact the friendly staff of the society on 3204 6324. Show open times are as follows: Saturday 27th August: 8:30 – 4:00pm Sunday 28th August: 8:30 – 3:30pm
Elliott Dean 0401 762 655
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0488 987 881
Call Elliott Dean today on 0401 762 655 for all your Real Estate needs.