2014 INNER BRISBANE MARKET REPORT fortitude valley | newstead | teneriffe jake mackay
A word from Jake Mackay
It’s a really exciting time to be involved in real estate in the inner city market of Brisbane, all you have to do is drive around the inner city suburbs which are a hive of activity with construction, new retail/ cafÊ precincts and public spaces. The apartment market has seen consistent activity over the past six months with interstate investors continuing to dominate the market particularly in the sub $500k price point. Larger apartments in suburbs such as Newstead and Teneriffe are very popular with those downsizing from houses looking for easy access to the CBD and of course the lifestyle perks of the area. Currently there is over 40% less property available for sale in inner city suburbs than this time last year. This has created a distinct trend of lower days on market which we anticipate will continue into the immediate future. I offer a market update via video electronically, residents in the area have found the information in this valuable to keep in the loop with the market trends every quarter, to receive this please contact me on the below details. If you are considering buying or selling in the inner Brisbane market, I look forward to providing experience, knowledge and resources needed to achieve the best possible result for you.
Jake Mackay M 0430 283 293 E jakemackay@mcgrath.com.au
Fortitude Valley Apartment Summary | January - June Number Sold
Median
Highest
Lowest
61
$429,000
$790,000
$115,000
A Selection of Fortitude Valley Apartment Sales | January - June Building
Address
Bed
Bath
Car
Sold Date
Sold Price
Emporium
364/1000 Ann St
2
1
1
13/03/14
$470,000
The Mercado
15/4 Wandoo St
1
1
1
08/01/14
$420,000
Rosetta Street
7/26 Rosetta St
3
2
2
28/02/14
$565,000
Lautrec Lofts
21/758 Ann St
1
1
-
16/02/14
$338,000
McWhirters
525/292 Brunswick St
1
1
-
22/01/14
$360,000
Emporium
128/1000 Ann St
2
2
1
02/04/14
$545,000
Sun Apartments
302/367 Brunswick St
3
2
1
28/04/14
$790,000
Petrie Point
711/100 Bowen Tce
2
2
1
23/02/14
$535,000
Emporium
213/1000 Ann St
1
1
1
21/02/14
$425,000
McWhirters
421/292 Brunswick St
2
2
1
27/03/14
$510,000
Soho
12/83 Alfred St
2
2
1
24/03/14
$445,000
Paragon on Arthur 34/46 Arthur St
2
2
1
14/01/14
$465,000
Times Square
21/79 Berwick St
2
2
1
13/02/14
$429,000
McWhirters
510/292 Brunswick St
3
2
1
28/03/14
$626,000
V Human Space
709/82 Alfred St
2
2
2
07/02/14
$420,000
The Miro
211/41 Robertson St
1
1
1
25/01/14
$368,500
The Galleries
1/20 Malt St
2
2
1
17/02/14
$555,555
Emporium
324/1000 Ann St
2
1
1
15/03/14
$415,000
Ultra Apartments
124/83 Robertson St
2
2
1
20/02/14
$460,000
Sun Apartments
211/367 Brunswick St
1
1
-
09/01/14
$287,000
“I engaged Jake to sell our apartment in Teneriffe. From my first phone call to Jake I was impressed. His communications both verbal and written are excellent. He kept me informed of all activities associated with the successful sale of the apartment in a timely manner and was always available to respond to any enquiries that I may have had. I have dealt with a number of real estate agents throughout Australia and Jake is certainly the best. His professionalism, enthusiasm and honestly are beyond reproach.� D. Watkin - 352/50 Macquarie Street, Teneriffe
Teneriffe and Newstead Apartment Summary | January - June Number Sold
Median
Highest
Lowest
48
$637,500
$1,500,000
$450,000
A Selection of Teneriffe and Newstead Apartment Sales | January - June Building
Address
Bed
Bath
Car
Sold Date
Sold Price
110.com
19/110 Commercial Rd
2
2
1
22/02/14
$580,000
Eleven On Helen
2/11 Helen St
3
2
2
14/03/14
$1,200,000
Saratoga
108/50 Macquarie St
2
2
1
03/03/14
$685,000
Newstead Avenue
21/1 Newstead Ave
3
2
1
23/03/14
$635,000
Newstead Terraces 48/20 Newstead Tce
3
2
2
12/02/14
$775,000
Como
706/53 Wyandra St
2
2
1
20/01/14
$650,000
Ansonia
332/64 Macquarie St
2
2
2
26/05/14
$685,000
The Bond Store
28/32 Newstead Tce
1
1
1
27/03/14
$368,000
Mercantile-Dalgety Pl 80/135 Macquarie St
3
2
2
26/03/14
$1,105,000
Park At Waterfront 100/27 Cunningham St
2
2
1
17/01/14
$770,000
The Nouvelle
326/38 Skyring Tce
2
2
1
18/03/14
$560,000
The Manhattan
105/42 Newstead Tce
2
2
2
22/01/14
$570,000
Newstead Terraces 50/20 Newstead Tce
2
2
1
3/03/14
$640,000
The Cannery
77/139 Commercial Rd
2
2
1
30/01/14
$485,000
Teneriffe Village
78/110 Macquarie St
2
2
1
1/02/14
$670,000
33 Helen Street
15/33 Helen St
2
2
2
20/02/14
$566,000
Mostyn On The Park 8/15 Newstead Ave
2
2
1
17/02/14
$600,000
Pier at Waterfront
511/1 Newstead Tce
3
2
2
14/02/14
$1,960,000
Saratoga
352/50 Macquarie St
2
2
1
14/04/14
$635,000
The Ellington
206/71 Beeston St
1
1
1
24/04/14
$442,000
Median Apartment Prices $800,000
Tennerife
Newstead
Fortitude Valley
$700,000 $600,000 $500,000 $400,000 $300,000 2009
2010
2011
2012
2013
Apartment Summary | January - June
Median Rent Median Gross Yield
Fortitude Valley
Newstead
Teneriffe
$460 per week
$500 per week
$523 per week
5.57%
4%
4.26%
Buyer Origin 10% Interstate 20%
40%
Greater Brisbane Local International
30%
This information in this report is being provided by RP Data and MARS (McGrath’s CRM System), its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.
A Selection of McGrath Sales
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
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