Alex Jordan & Nathan Jankovic St Luica Market Report

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St Lucia Alex Jordan & Nathan Jankovic Market Report



Alex Jordan 0410 424 749

Nathan Jankovic 0401 288 036


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


Local Market Review There are a number of reasons why St Lucia is such a desirable suburb to call home. It is the best education precinct of Brisbane, attracting academics to the area and offering the top primary, secondary and tertiary education facilities in QLD. Ideal for families, St Lucia also offers beautiful parks, great public transport, City Cat Terminals, Golf courses, and is close to Indooroopilly/Toowong shopping centres and Brisbane’s CBD. St Lucia’s median house price is currently sitting at $1,150,000, which makes it one of Brisbane’s top 10 most expensive suburbs - and for good reason!

Whilst interest rates remain at historic lows (RBA cash rate at 1.5% and most banks´ lending at under 4%), we believe St Lucia will continue to outperform other Brisbane suburbs due to its lifestyle and infrastructure benefits. In the medium to long term, these attributes will provide fundamental support. Add to this, increasing interest from Sydney and Melbourne buyers who are recognising the lifestyle benefits and relative affordability of living in Brisbane - and we have the key ingredients for price growth. Our team has had the pleasure of representing some of St Lucia´s finest homes. We´re honoured to have the opportunity to serve our valued clients and assist them in achieving their property goals. We look forward to hearing from you, if you would like to discuss these observations or any of your real estate plans.


Top 40 house sales in St Lucia 2018 No

Address

Bed Bath Car

Sale date

Land size (m2)

Price ($)

1

136 Seventh Avenue

4

3

2

22-May-2018

506

$2.575m

2

34 Bishop Street

6

3

6

26-Oct-2018

738

$2.150m

3

20 Mervyn Grove

5

4

4

7-Dec-2018

625

$2.125m

4

12 Mervyn Grove

4

4

2

30-Nov-2018

607

$1.900m

5

40 Baty Street

4

2

2

6-Aug-2018

530

$1.900m

6

104 Hawken Drive

5

2

2

17-Sep-2018

594

$1.850m

7

52 Ninth Avenue

4

4

2

5-Apr-2018

405

$1.850m

8

115 Hillside Terrace

5

3

2

26-Mar-2018

1,306

$1.845m

9

97 Hawken Drive

-

-

-

20-Jul-2018

1,422

$1.750m

10

122 Central Avenue

4

4

4

2-Oct-2018

751

$1.700m

11

109 Munro Street

4

2

4

17-Jan-2018

405

$1.700m

12

373 Swann Road

5

3

2

12-Nov-2018

766

$1.680m

13

14 Ninth Avenue

5

2

2

23-Oct-2018

405

$1.625m

14

10 Ironside Street

4

3

2

30-Jun-2018

499

$1.560m

15

7 Napier Street

-

-

-

26-Nov-2018

1,032

$1.500m

16

168 Ninth Avenue

4

3

2

10-Feb-2018

868

$1.500m

17

16 Twelfth Avenue

5

2

-

4-Apr-2018

1,049

$1.450m

18

108 Hawken Drive

5

3

2

3-Jul-2018

594

$1.440m

19

38 Baty Street

5

3

3

23-Oct-2018

501

$1.430m

20

311 Swann Road

4

2

2

19-Nov-2018

810

$1.400m

Source: Pricefinder


Top 40 house sales in St Lucia 2018 No

Address

Bed Bath Car

Sale date

Land size (m2)

Price ($)

21

106 Ninth Avenue

4

4

2

15-Nov-2018

405

$1.390m

22

24 Mervyn Grove

4

2

2

28-Sep-2018

594

$1.335m

23

82 Prospect Terrace

5

3

2

3-Sep-2018

809

$1.300m

24

82 Hawken Drive

4

2

2

13-Sep-2018

645

$1.300m

25

80 Prospect Terrace

4

2

2

17-Sep-2018

911

$1.300m

26

173 Hawken Drive

4

2

2

30-Nov-2018

607

$1.294m

27

121 Hillside Terrace

4

3

2

12-Oct-2018

653

$1.250m

28

10 Warren Street

10

4

2

6-Aug-2018

405

$1.234m

29

30 Ninth Avenue

-

-

-

7-Aug-2018

810

$1.220m

30

39 Hillside Terrace

5

2

2

29-Jun-2018

837

$1.207m

31

82 Orchard Terrace

3

2

2

3-Jan-2018

405

$1.200m

32

11 Prospect Terrace

5

3

2

11-Jun-2018

385

$1.150m

33

65 Upland Road

2

1

1

27-Jun-2018

759

$1.130m

34

59 Carmody Road

4

2

2

2-Aug-2018

405

$1.108m

35

18 Townley Street

4

2

2

7-Jun-2018

460

$1.095m

36

27 Central Avenue

4

2

1

23-Dec-2018

688

$1.075m

37

270 Hawken Drive

3

2

2

26-Mar-2018

506

$1.070m

38

70 Sisley Street

3

1

2

30-May-2018

701

$1.050m

39

9 Sixth Avenue

3

2

2

16-Apr-2018

448

$1.042m

40

147 The Esp

4

1

1

1-Dec-2018

731

$1.040m

Source: Pricefinder


Why McGrath

809

Sales people

94 $12.7 billion 593k

Website visits

China Desk 408k 92.5k 30.8k

Total value of properties sold in FY18

Servicing Mandarin speaking clients

Approximate buyers in our database

Followers on social media

Properties managed

Mar 2019


St Lucia Statistics 2018

$2.575m

Highest sale price - 136 Seventh Avenue

$1.15m $1.2m

Median price forfor houses Medium sale price houses

67 51

Number of houses sold

151 149 79 84

Number of apartments sold

Average days on the market for houses

1.4% -3.7%

Annual growth houses Annual growth forfor 2018

$595 $600

$435

Average rental price for houses

Average rental price for apartments

Rp Data


St Lucia Growth

Median sale price

$1.15m

$1.183m

$1.105m

$1.1m

$1.045m

$900k

$1m

$88k

$866k

$1.2m

$964k

$1.082m

$1.4m

$896k

Sales and growth for St Lucia houses

$800k $600k $400k

65

$200k

sales

sales

67

sales

62

sales

56

sales

47

64 sales

sales

67

sales

85

sales

77

sales

68

sales

67

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2

1

0

$2$2.5

$2.5$3m

$3m+

$0

House sale price segmentation last 12 months

0

2

2

$400$500k

$500$600k

$600$700k

6

6

$700$800k

$800$900k

7

$900$1m

14

$1$1.2m

16

$1.2$1.5m

11

$1.5$2m

Source: Price Finder


Sold by Alex & Nathan

40 Baty Street, St Lucia Sold $1.9m

Client Testimonials “Alex Jordan and Nathan Jankovic from McGrath really are a cut above the rest. They were a pleasure to deal with throughout the process of selling our house in St Lucia. Their exemplary professionalism, meticulous attention to detail, energy, “can- do” attitude and determination achieved a fantastic outcome for us and we would highly recommend them to anyone considering selling their property.” Peter Poulos and Susan Gibbs

4 Bed 2 Bath 2 Car Sale price

$1.9m

Buyer origin

Local

Sale method

Private treaty


Home Ownership & Family Composition Home ownership

• Renting • Fully owned • Purchasing • Not stated • Other

Family composition

55.8% 26.6% 15.1% 2% 0.5%

• Couples with children • Couples with no children • Singe parent • Other

44.1% 39.4% 9.7% 6.8%

Source: Price Finder

Sold by Alex and Nathan Client Testimonials “I couldn’t speak more highly of Alex Jordan as both a very professional sales person or as a person. Alex, as a sales person is highly motivated, approachable, diligent and has, unlike a lot of sales people that I have dealt with in the past, the ability to sell. As a person, Alex is organised, thoroughly honest and reliable. I would have no hesitation in recommending Alex Jordan to anyone contemplating the selling of their property.” John Mullan

3 Bed 2 Bath 2 Car Sale price Buyer origin

Local

Sale method

Private treaty

No. of houses sold for vendor 10/100 Macquarie Street, St Lucia Sold $1.375m

$1.375m

4


Household Income Household Income - Weekly (2016)

700 600

Number of People

500 400 300 200 100 0 Under 650

650 to 799

800 to 999

1000 to 1249

1250 to 1499

1500 to 1749

1750 to 1999

2000 to 2499

2500 to 2999

3000 and over

Weekly Income ($)

Source: Price Finder

St Lucia Residents Occupations (2016) 4%

1.3%

1.2%

7.4%

8.8% 41%

11.2%

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

11.6% 13.5%

Source: Price Finder


Level Of Education of St Lucia Residents Non-School Qualification: Level of Education (2016) 3.8% 1.1%

1%

0.8%

6% • University • Not Stated • Infants / Primary • Secondary Education • Pre-school • Technical / Further • Other

9.6%

77.6%

Source: Price Finder

Method of Travel to Work

2.4%

8.2% 3.8% 4.6% 35.1%

5.3%

12.4%

12.6%

• Car (driver) • Did not go to work • Walked only • Bus • Worked at home • Bicycle • Car (Passenger) • Ferry • Other

15.6%

Source: Price Finder


Surrounding Suburbs Growth Chart (Houses)

$1,300,000

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000 2006

2007

2008

Indooroopilly

2009

2010

St Lucia

2011

2012

Toowong

2013

2014

2015

2016

2017

2018

Taringa

Source: Price Finder


Number of House Sales above $1M 80

70

60

53 50

44

40

30

20

20

21

Toowong

Taringa

10

0 Indooroopilly

St Lucia

Surrounding Suburbs Median House Prices Year

Indooroopilly

St Lucia

Taringa

Toowong

2018

$870,000

$1,150,000

$881,000

$880,000

2017

$887,000

$1,183,500

$965,000

$835,000

2016

$850,000

$1,105,000

$950,000

$790,000

2015

$830,000

$1,100,000

$852,500

$755,000

2014

$762,500

$1,045,000

$809,000

$767,000

2013

$720,000

$896,500

$748,000

$685,000

2012

$725,000

$900,000

$729,500

$640,000

2011

$738,500

$964,500

$680,000

$670,000

2010

$715,000

$1,090,000

$761,000

$710,000

2009

$650,000

$880,000

$701,000

$627,500

2008

$675,000

$868,000

$745,500

$720,000

2007

$655,000

$870,000

$670,000

$640,000

2006

$575,000

$665,000

$605,500

$487,000 Source: Price Finder


St Lucia Growth (Houses) Year

No. of Sales

Median

Growth

High

1993

103

$255,000

0.5%

$1,350,000

1994

77

$257,000

0.80%

$785,000

1995

76

$263,500

2.50%

$915,000

1996

86

$257,500

-2.30%

$1,315,000

1997

112

$258,500

0.40%

$1,515,000

1998

102

$294,500

13.90%

$1,400,000

1999

109

$308,000

4.60%

$1,700,000

2000

112

$350,250

13.70%

$2,900,000

2001

130

$399,886

14.20%

$5,350,000

2002

99

$565,000

41.30%

$2,800,000

2003

119

$570,000

0.90%

$3,150,000

2004

79

$700,000

22.80%

$4,150,000

2005

70

$671,500

-4.10%

$7,000,000

2006

100

$662,500

-1.30%

$4,500,000

2007

96

$870,000

31.30%

$6,050,000

2008

65

$866,000

-0.50%

$2,850,000

2009

67

$880,000

1.60%

$7,750,000

2010

62

$1,082,500

23.00%

$4,775,000

2011

56

$964,500

-10.90%

$2,050,000

2012

47

$900,000

-6.70%

$4,800,000

2013

64

$896,500

-0.40%

$4,325,000

2014

67

$1,045,000

16.60%

$6,750,000

2015

85

$1,100,000

5.30%

$11,125,000

2016

77

$1,105,000

0.50%

$4,550,000

2017

68

$1,183,500

7.10%

$2,600,000

2018

67

$1,175,000

-0.7%

$2,575,000 Source: Price Finder


Sold by Alex and Nathan

103 Ninth Avenue, St Lucia Sold $1.8m

Client Testimonials A huge thanks to Alex and Nathan from McGrath for making the sale process of our family home at 103 Ninth Avenue so painless. We found your knowledge of the St Lucia market and buyer profiling incredibly accurate, this positioned our property very well to meet the market. Your assistance and advice in the presentation and styling of our property was invaluable. Your regular communication updates on the sale process kept us constantly up to date, we were never left wondering what was happening. Your attention to detail in terms of lights, air conditioning and garden presentation had our property always looking its best for buyers. We would not hesitate to, and in fact already have, recommended you to friends and family.

4 Bed 3 Bath 2 Car Sale Method

Private Treaty

Alex and Nathan SELL ST LUCIA!

Buyer Origin

USA

Ben and Kerry Sanders

Days on Market Sold

18 days 27 Feb 19


Sold by Alex & Nathan

St Lucia Lucia Sold $1.86m 91 Eighth Avenue, St $1.86m

Client Testimonials “Another strong result! This is my 5th sale with Alex Jordan over the past few years, which proves again that success is a habit. I keep coming back because I’m a strong believer in working with the best people when your outcome is important. I understand the wide margin of difference a skilled agent makes to the presentation, buyer interaction, price, terms and sale of a property. Alex actually loves real estate and knows his areas inside and out. This means he knows the trends and what the differing market segments are looking for, which ultimately leads to a better tailored property experience for your potential buyer when they see your property. Considering the size of the asset at stake, working with someone who can deliver the best result available in the current market is a must, not a maybe.� Rod Dashevici

5 Bed 3 Bath 2 Car Sale price

$1.86m

Buyer origin

Hong Kong

Sale method

Off market

No. of houses sold for vendor

5


A selection of our sales

39 Ellerslie Crescent, Taringa Sold $6.65m

630 Jesmond Road, Fig Tree Pocket Sold $4.65m

98-100 Goldieslie Rd, lndooroopilly Sold $4.385m

39-45 Florrie Street, Lutwche Sold $4.248m

105 Outlook Crescent, Bardon Sold $4.2m

71 Tristania Road, Chapel Hill Sold $3.9m

684 Jesmond Rd, Fig Tree Pocket Sold

7/58 Tristania Drive, Bardon Sold $3.485m

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

8 Martin Lane, lndooroopilly Sold $3.25m

32 Ivy Street, lndooroopilly Sold $3.25m

41 Glencairn Avenue, lndooroopilly Sold $3.21m

57 Castile Street, lndooroopilly Sold $3.2m

10 Bougainvillea Avenue, lndooroopilly Sold $3m

40 Plunkett Street, Paddington Sold $2.62m


Sold by Alex & Nathan

77 Eighth Avenue, St Lucia Sold $1.5m

Client Testimonials “Alex Jordan from McGrath Estate Agents recently sold our 5 bedroom, 3 bathroom home in St Lucia. Throughout the process he and Nathan Jankovic have maintained excellent communication and professionalism, and most importantly achieved a positive result.

“I encourage you to see for yourself: before engaging an agent, attend some of Alex´s open homes. Observe the professionalism and dedicated follow up that Alex do and compare withother otheragents. agents.All Allthe the and Nathan and compare it with very best in your future real estate transactions.” Louise

Alex and his team are highly efficient and they have gone the extra mile to ensure the sale progressed smoothly. Their ethic of doing whatever it takes combined with Alex´s negotiating skills enable them to achieve best possible result for their client. As someone with a young family every dollar counts and we´re appreciative of what Alex and Nathan have achieved for us. It´s a difficult job selecting an agent, but I would highly recommend you consider Alex Jordan. He brings a dedicated and professional team with him, is trustworthy and highly effective. He is not one of “those” agents who will convince you to list your home below market value for a quick sale, and then pat themselves on the back if it achieves more than the below market price it was advertised for. “

5 Bed 3 Bath 2 Car Sale price Days on market

$1.5m 59

Buyer origin

Local

Sale method

Private treaty


Why Alex & Nathan

24+ years $87.515m 59 31

5 5

Total value of properties sold in FY18

Number of properties sold in FY18

Our average days on the market

$1.595m 12

Real estate industry experience

Our average sale price

Off market sales

Highly experienced McGrath team members

Suburb records Taringa, Fig Tree Pocket, Bardon, Toowong and Chapel Hill

Mars CRM


Sold by Alex and Nathan

$1.294m

106 Ninth Avenue, St Lucia Sold $1.39m

Client Testimonials “We had the absolute pleasure of working with Alex Jordan, Nathan Jankovic and the team at McGrath Estate Agents to sell our house in St Lucia. Their professionalism, advice and support throughout the entire process was exceptional. They really went above and beyond our expectations to guide us through preparing our house, listing, marketing and gaining a great outcome. We felt that we worked together as a team and trusted them 100%. We would definitely recommend Alex and Nathan at McGrath and would use them again in the future.� Mark & Jane Couchman

4 Bed 4 Bath 2 Car Sold price

$1.39m

Date sold

15th Nov 18

Days on market Buyer origin

6 days Local


Sold by Alex and Nathan

173 Hawken Drive, St Lucia Sold $1.294m

Client Testimonials “We were delighted with the service we received from McGrath. Nathan and Alex were very helpful and approachable and gave lots of practical advice. This really helped us get our house sold as quickly as possible for a price we were happy with. We would wholeheartedly recommend them if you are looking to buy or sell in the area.� Stephen & May

Bed 4 Bath 2 Car 2 Sale price

$1.294m

Date sold

30th Nov 18

Days on market Buyer origin

3 days Sunnybank


Sold by Alex and Nathan

38 Baty Street, St Lucia Sold $1.43m

Client Testimonials “Nathan and Alex from McGrath Paddington came highly recommended and I have not one moment´s regret. Their professional advice and manner were reassuring. I appreciated the way I was kept informed on all the aspects involved in selling my house. Their knowledge about the market is to be commended and their enthusiasm and friendly support, while keeping things real, were much appreciated. I would definitely recommend the Nathan-and-Alexteam to anyone looking for agents that will go the extra mile to achieve positive results.â€? Andrea

Bed 5 Bath 3 Car 3 Sale price Buyer origin Days on market Sale method

$1.43m Melbourne 26 days Private treaty


Brisbane’s Most Expensive Suburbs

Teneriffe

$1.825m $1.6m

Ascot New Farm

$1.56m $1.4m

Bulimba Hamilton

$1.3m

St Lucia

$1.15m

Paddington

$1.15m

Hawthorne

$1.15m

Fig Tree Pocket

$950k

Taringa

$881k

Toowong

$880k $870k

Indooroopilly

Source: Price Finder

Upcoming Subdivisions and Developments in St Lucia Application

Type

Address

Submitted

A004984551

Multiple Dwelling

17 Prospect Tce, St Lucia

13/8/2018

A004972141

Multiple Dwelling

23 Warren St, St Lucia

16/7/2018

A004934967

Multiple Dwelling

39 Highview Tce, St Lucia

28/5/2018

A004909856

Multiple Dwelling

242 Sir Fred Schonell Dr, St Lucia

26/4/2018

A004869186

Multiple Dwelling

113 Munro St, St Lucia

2/3/2018

A004862692

Multiple Dwelling

78 Depper St, St Lucia

20/2/2018

A004857234

Multiple Dwelling

80 Prospect Tce St Lucia

15/2/2018

A004827730

Multiple Dwelling

51 Mitre St, St Lucia

5/1/2018

A004802182

Child Care Centre

256 Hawken Dr, St Lucia

28/11/2017

A004801475

Child Care Centre

27 Central Ave, St Lucia

27/11/2017



ALEX JORDAN 0410 424 749 alexjordan@mcgrath.com.au Alex Jordan - McGrath Estate Agents alexjordan.mcgrath NATHAN JANKOVIC 0401 288 036 nathanjankovic@mcgrath.com.au nathanj.mcgrath


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