Toowong Market Report May 2018

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TOOWONG

Apartment Report

Elliott Dean

0401 762 655

(07) 3162 4994 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 Toowong Owners, As we move into the cooler months, most sellers are thinking of whether to come on the market now or wait until Spring. There has been a significant shortage of quality properties for sale in the first quarter of this year and as a result, well-marketed properties have SOLD quickly during this time. As winter approaches there will be even less stock available, so what a great way for an owner to command the market to themselves! The surplus of 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 during these offpeak seasons. Our recent sale of western suburbs property, 168 Ninth Avenue, St Lucia (868sqm, 1990 built 4Bedroom) had 58 Buyer Inspections, 9 registered bidders and achieved a sensational result for the seller of $1,500,000. What is the best advice we can give any seller right now? SELL TODAY and take advantage of the low stock now available to buyers – your property will sell timely and for a premium price. If you wait until Spring, buyers will have more choice of properties. Dean Property Team is a family-owned, boutique agency and has sold more than 26 homes this calendar year alone. I am the Principal of Dean Property Team and my passion is helping owners achieve their property goals. As your local real estate agent, I look forward to continuing to keep you well informed of your marketplace – be assured if you have any real estate questions I am always at your service. If you are interested in finding out more about the value of your home, please contact me via 0401 762 655 for a no-obligation, complimentary appraisal. Yours sincerely,

Elliott Dean, Principal of Dean Property Team

Recent Sales Address

Sale Date

22/26 Holland Street 7/26 Holland Street 2/131 Sylvan Road 3/47 Josling Street 1201/37 Archer Street 5/34 Ascog Terrace 7/48 Maryvale Street 255/32 Patrick Lane 6/17 Cadell Street 22/2 Campbell Street 6/72 Ascog Terrace 6/54 Miskin Street

01/02/2018 05/02/2018 16/02/2018 24/02/2018 01/03/2018 02/03/2018 06/03/2018 06/03/2018 13/03/2018 21/03/2018 21/03/2018 30/03/2018

Summary 2 2 2 3 2 2 2 3 2 3 3 3

2 2 1 2 2 1 2 2 2 2 2 2

1 2 1 2 1 1 1 2 1 2 1 2

Sale Price $500,000 $565,000 $300,000 $605,000 $620,000 $376,000 $388,999 $870,000 $412,000 $620,000 $437,000 $649,000

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

TOOWONG

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


Sales Activity Statistics Fast Figures •

20 apartments have been sold in Toowong over the past 3 months.

96 apartments in Toowong are currently for sale.

The highest sale price for an apartment in Toowong over the past 3 months was $870,000.

The lowest sale price for an apartment in Toowong over the past 3 months was $300,000.

The median sale price for an apartment in Toowong over the past 3 months was $400,500.

Sales 62%Insights of apartments sold in Toowong during the past 3 months sold for over $400,000.

43% of apartments sold in Toowong during the past 3 months sold for over $500,000.

The total value of apartments sales in Toowong during the past 3 months is $9,347,999.

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

TOOWONG

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


Rental Insights 

There are currently 105 apartments for rent in Toowong.

An additional 584 bonds were lodged with the RTA for postcode 4066 during this quarter.

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

Median Rent $370.00 $410.00 $545.00 $640.00

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

What’s On in Brisbane Queensland Museum Exhibit Egyptian Mummies: Exploring Ancient Lives

Giving Back At Dean Property Team, we support charities that are making amazing differences. When you sell your home with us, we donate $150 from our commission to one of three charities. All you need to do is choose which charity we donate to.

Have you ever wondered what life was like in Egypt 3,000 years ago? Now’s your chance. View six individual Mummies, and over 200 artefacts from the collections of the British Museum. Explore this exhibit up until 26th August 2018 at the Queensland Museum. Tickets available via museum.qtix.com.au .

With your help, Dean Property Team donated over $1,800 to these chosen charities so far in 2018.

TOOWONG

Elliott Dean

0401 762 655

(07) 3162 4994 elliott@deanpropertyteam.com.au www.deanpropertyteam.com.au


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