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.� 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