Alex Jordan & Frazer Watson Fig Tree Pocket Market Report

Page 1



Alex Jordan 0410 424 749

Frazer Watson 0422 422 936


2018 – Number 1 agent for Brisbane – Alex Jordan* 2017 – Number 1 agent for Brisbane – Alex Jordan* For the second year running, we are honoured to be recognised for our achievements. A big thank you to our loyal clients, it is with your support that we are able to continue this journey. *Source: Brisbanehomeprices.com.

#1

$1.39m Average Sale Price – Taringa

#1

$38.78m Total Sales Value – Indooroopilly*

#1

$13.88m Total Sales Value – St Lucia*

#1

$3.88m Average Sales Price – Fig Tree Pocket

#1

$1.78m Highest Sale Price for a house on a block under 600sqm – Toowong Source: RateMyAgent and CoreLogic. * Past 12 months

mcgrath.com.au



Top 40 Sales in 2018 No

Address

Bed Bath Car

Sale date

Land size (m2)

Price ($)

1

36 Needham Street

7

9

7

31-Jan-18

12085

$7,500,000

2

17 Ningana Street

5

5

3

3-Jul-18

13423

$5,100,000

3

684 Jesmond Road

6

4

6

5-Mar-18

4,603

Confidential

4

20 Sandringham Place

6

5

3

14-May-18

984

$2,405,000

5

74 Botticelli Street

5

2

2

11-Apr-18

1573

$2,300,000

6

26 Sonanne Place

5

4

3

20-Oct-18

1187

$2,050,000

7

93 Gunnin Street

5

2

4

3-Aug-18

2910

$1,985,000

8

562 Fig Tree Pocket Road

4

2

3

20-Apr-18

2037

$1,928,000

9

31 Ramada Place

5

4

3

28-May-18

746

$1,800,000

10

279 Kenmore Road

5

4

4

20-Aug-18

1657

$1,760,000

11

34 Ruth Miller Close

4

3

4

6-Mar-18

1003

$1,650,000

12

36 Botticelli Street

4

3

3

27-Jul-18

948

$1,600,000

13

31 Sanctuary Place

4

2

2

6-Feb-18

1000

$1,560,000

14

103 Cubberla Street

4

2

2

6-Mar-18

1045

$1,465,000

15

8 Swindon Close

5

3

2

22-Apr-18

1016

$1,450,000

16

6 Ningana Street

4

3

4

6-Dec-18

5000

$1,435,000

17

26 Culmstock Place

6

3

2

6-Mar-18

1003

$1,400,000

18

19 Cubberla Street

5

2

2

16-May-18

1400

$1,382,500

19

16 Rivergum Place

5

3

2

5-Mar-18

935

$1,350,000

20

803 Fig Tree Pocket Road

4

3

2

15-Jan-18

607

$1,336,000

Source: Pricefinder


Top 40 Sales in 2018 No

Address

Bed Bath Car

Sale date

Land size (m2)

Price ($)

21

8 Lorikeet Close

4

2

2

8-Dec-18

717

$1,300,000

22

18 Meta Place

5

2

2

7-Aug-18

902

$1,300,000

23

2 Ruth Miller Close

4

3

2

18-Jun-18

798

$1,220,000

24

383 Fig Tree Pocket Road

4

2

3

16-Mar-18

10050

$1,160,000

25

681 Jesmond Road

4

3

2

9-Jun-18

1256

$1,140,950

26

3 Serene Place

5

2

2

19-Nov-18

992

$1,140,000

27

19 Musgrave Street

4

2

2

16-May-18

2023

$960,000

28

27 Vakuta Street

5

2

3

19-Aug-18

781

$960,000

29

6 Nearco Street

4

3

2

29-May-18

647

$950,000

30

7 Eccleston Street

3

2

2

6-Jun-18

607

$885,000

31

24 Gabwina Street

4

2

2

23-Jul-18

892

$854,433

32

4 Farnham Street

3

2

3

15-Nov-18

632

$840,000

33

19 Vakuta Street

4

2

2

11-Jun-18

892

$840,000

34

13 Nankin Street

4

2

2

12-Mar-18

942

$825,000

35

856 Fig Tree Pocket Road

4

2

2

13-Jul-18

622

$810,000

36

10 Nearco Street

3

1

2

8-Nov-18

647

$810,000

37

9 Kiriwina Street

5

2

2

25-May-18

959

$809,000

38

25 Eccleston Street

4

2

2

13-Jan-18

655

$780,000

39

846 Fig Tree Pocket Road

4

2

1

27-Oct-18

622

$780,000

40

11 Porchester Street

4

2

2

11-Jul-18

627

$780,000

41

10 Quinty Street

5

2

2

10-Sep-18

683

$778,000 Source: Pricefinder




Fig Tree Pocket Growth

$1.4m

$1.24m

$1.2m $1m

$850k $752k

$800k

$760k

$812k

$760k

$776k

$825k

$930k

$875k

$957k

$950k

$600k $400k $200k

69 sales

sales

58

sales

65

sales

68

49 sales

sales

72

69 sales

sales

91

80 sales

sales

84

96 sales

sales

57

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

$0

House sale price segmentation

8 0

0

$400$500k

$500$600k

$600$700k

12

$700$800k

10

8

$800$900k

3

3

$900$1m

$1$1.2m

$1.2$1.5m

7

$1.5$2m

3

$2$2.5m

3

0 $2.5$3m

$3m+

Source: Price Finder


Sold by Alex and Frazer

10/680 Jesmond Road, Fig Tree Pocket Sold $3.31m

Client Testimonials “If you are looking to sell your home and want a salesman NOT an order taker then the duo of Alex Jordan and Frazer Watson will fit the bill perfectly.

5 Bed 4 Bath 4 Car Sale price Days on market

Both gentlemen are professional in the extreme. Efficient and helpful throughout the whole sales process. Communication was First Class and information was passed on in a timely manner. They were always punctual (usually 15 to 20 minutes before schedule) for openings and/or sole inspections and their attention to detail in assisting to prepare our home was the best we had experienced in all the home and business sales we have had over the decades. We cannot recommend these two agents highly enough. Our deepest thanks for taking away the stress we have experienced with other agents over the past two years.� Wayne & Denise

Buyer origin

$3.31m 19 Local


Home Ownership & Family Composition Home ownership

155

540

• Purchasing • Fully owned • Rented • Not stated • Other tenure type

530

43.6% 42.8% 12.5% 0.9% 0.2%

Family Composition

103

312 690 • Couples with children • Couples with no children • One parent (all) • Other family

62.2% 28.1% 9.3% 0.4%

Source: Price Finder


Sold by Alex and Frazer

684 Jesmond Road, Fig Tree Pocket Sold Confidential

Prestigious riverfront mansion exudes grandeur The epitome of privacy, this prominent residence is a grandly designed masterpiece and commands privileged views over two Brisbane River reaches. It boasts superb leisure facilities and stands on a 4,603sqm riverfront block adjoining Lone Pine Sanctuary. • Palatial dual levels exhibit classically elegant living zones • Beautifully curated for refined formal/informal occasions • Vast floor-to-ceiling glass highlights spectacular outlooks • Magnificent terraces and poolside pavilion for entertaining • Landscaped grounds, deep water frontage complete • Beautifully curated for refined formal/informal occasions with pontoon • Well equipped granite kitchen for effortless meal preparation • Series of lavish bedroom suites and serviceable bathrooms • Theatre, dignified study, custom stairs to mezzanine library • Tennis court, detached games room, garages for six vehicles • Central to major shopping centres and sought-after schools

6 Bed 4 Bath 6 Car Method of sale Sale price No. contracts issued Buyer origin

Private Treaty Confidential 3 Local


Household Income – Weekly

400 350

Responses

300 250 200 150 100 50 0 Under 2000

2000 to 2499

2500 to 2999

3000 to 3499

3500 to 3999

4000 and over

$1800-$2399

$2400-$2999

$3000-$3999

$4000+

Home Loan Repayments – Monthly

140

Responses

120 100 80 60 40 20 0 < $1400

$1400-$1799

Source: Price Finder


Sales and Growth Chart (Houses) Year

No. of Sales

Median

Growth

Low

High

1994

57

$220,000

-6.00%

$87,500

$1,675,000

1995

41

$240,000

9.10%

$145,000

$1,300,000

1996

47

$204,000

-15.00%

$132,500

$1,275,000

1997

75

$230,000

12.70%

$70,000

$1,900,000

1998

57

$240,000

4.30%

$85,000

$2,475,000

1999

69

$250,000

4.20%

$71,000

$3,000,000

2000

91

$270,320

8.10%

$7,000

$2,605,400

2001

72

$334,000

23.60%

$152,000

$2,300,000

2002

86

$360,000

7.80%

$183,000

$1,825,000

2003

108

$416,750

15.80%

$190,000

$8,200,000

2004

83

$590,000

41.60%

$315,000

$5,250,000

2005

75

$510,000

-13.60%

$335,000

$5,500,000

2006

74

$600,000

17.60%

$200,000

$4,125,000

2007

69

$850,000

41.70%

$365,000

$2,315,000

2008

58

$751,750

-11.60%

$440,000

$9,500,000

2009

65

$760,000

1.10%

$449,500

$7,150,000

2010

68

$812,500

6.90%

$505,000

$6,300,000

2011

49

$760,000

-6.50%

$295,000

$2,160,000

2012

72

$776,000

2.10%

$344,000

$2,300,000

2013

68

$825,000

6.30%

$476,000

$4,850,000

2014

91

$875,000

6.10%

$400,000

$8,250,000

2015

80

$930,000

6.30%

$250,000

$2,650,000

2016

83

$951,000

2.30%

$270,000

$2,839,999

2017

96

$1,240,000

30.40%

$460,000

$6,000,000

2018

57

$950,000

-23.4%

$600,000

$7,500,000


Occupation

112 145 766

154 • Professionals • Managers • Clerical and Administrative Workers • Sales Workers • Community and Personal Service Workers • Technicians and Trade Workers • Labourers • Machinery Operators and Drivers • Inadequately Described/Not Stated

240 381

Level of Education

63 151 488 315 • Infants/Primary • Secondary Education • University • Not Stated • Pre-school • Technical/Further • Other

427

Source: Price Finder


Inspired by California’s hillside homes, this c1970s residence is designed to optimise privacy and to enhance the views over Brisbane River. The vast 8,726sqm block is secluded, yet near elite schools and 20 minutes to the CBD. • Open plan living/dining areas with custom features of the era • Comfortable family home with potential to extend or subdivide • Entertaining terrace overlooks a swimming pool and lush lawns • Boasts a 38 metre wide river frontage with deep water pontoon • Established grounds include formal gardens, lit tennis court • Spacious kitchen, practical bathrooms, bright bedroom wing • Master with serene outlook has a walk-in robe and an ensuite

4 Bed 3 Bath 4 Car Method of sale Sale price No. contracts issued Buyer origin

Private Treaty $4.65m 2 Local


Why McGrath

824 95

Sales people

Offices connected throughout our network

$12.7 billion 699k

Website visits

China Desk 404k 89.5k 33.2k

Total value of properties sold in FY18

Servicing Mandarin speaking clients

Approximate buyers in our database

Followers on social media

Properties managed




$872k Taringa

Indooroopilly

$860k

$880k

Fig Tree Pocket

Toowong

$1.15m Hawthorne

St Lucia

Hamilton

Bulimba

New Farm

Ascot

Teneriffe

$950k

$1.15m Paddington

$1.175m

$1.3m

$1.4m

$1.56m

$1.6m

$1.825m

Brisbane’s Most Expensive Suburbs

Source: Price Finder

Upcoming Subdivisions and Developments in Fig Tree Pocket Application Address

Submitted

A004972829

53 Robertson Pl, Fig Tree Pocket

17/7/2018

A004922246

10 Meta Pl, Fig Tree Pocket

15/5/2018

A004869038

54 Robertson Pl, Fig Tree Pocket

2/3/2018

A004846322

27 Spinkbrae St, Fig Tree Pocket

29/1/2018

A004775922

13 Cubberla St, Fig Tree Pocket

24/10/2017

A004769816

261 Fig Tree Pocket Rd, Fig Tree Pocket

18/10/2017

A004764636

73 Terrigal St, Fig Tree Pocket

10/10/2017

A004751548

540 Fig Tree Pocket Rd, Fig Tree Pocket

22/9/2017

A004735702

20 Norman St, Fig Tree Pocket

1/9/2017

A004734833

60 Mactier St, Fig Tree Pocket

31/8/2017


2018 Inner West Market Summary by Alex Jordan Indooroopilly key statistics Houses

Taringa key statistics Apartments

Houses

Apartments

Number sold

122

155

Number sold

64

136

Median price

$870,000

$451,000

Median price

$872,000

$410,000

Growth

-1.9%

-15.7%

Growth

-8.7%

-4.1%

Highest sale

$3,400,000

$1,150,000

Highest sale

$3,100,000

$1,065,000

Average days on market

79

71

Average days on market

26

112

St Lucia key statistics

Toowong key statistics Houses

Apartments

Houses

Apartments

Number sold

58

159

Number sold

57

238

Median price

$1,175,000

$507,500

Median price

$880,000

$463,500

Growth

-0.7%

3.6%

Growth

5.4%

24%

Highest sale

$2,575,000

$3,000,000

Highest sale

$2,410,000

$3,250,000

Average days on market

84

76

Average days on market

48

79

Paddington key statistics Houses

Fig Tree Pocket key statistics Apartments

Houses

Land

Number sold

130

59

Number sold

57

11

Median price

$1,150,000

$525,000

Median price

$950,000

$620,000

Growth

8.7%

1.4%

Growth

-23.4%

-0.8%

Highest sale

$3,380,000

$1,400,000

Highest sale

$7,500,000

$810,000

Average days on market

40

183

Average days on market

54

185




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