Spring Property Market Commentary

Annerley

commentary

SPRING 2015

ThÊrèse Carmichael Profit from my Knowledge 0404 188 006

theresec@eplace.com.au eplace.com.au/annerley

A robust and successful marketing campaign saw home resulting in seven

79 Buyer groups inspect this offers being made the very first Saturday it went to market...

...Needless to say it

after the first open home!

Hello once again and welcome to the Spring 2015 edition of my Annerley Property Market Commentary.

I hope this finds you and your family well and that you are all enjoying the beautiful spring weather. Spring already! Hasn’t the year flown? We will soon be hearing how many shopping days it is to Christmas.

Since my last Market Commentary we have continued to see some great sale results here in our wonderful suburb. The local market is continuing to show some very positive market indicators. Of interest is the number of Sydney investors actively looking for property in the area. The Sydney property market is ‘cost prohibitive’ to many investors as the Sydney median house price for the quarter ending 30 June 2015 was $1,000,616. The Sydney market is hot therefore many investors are seeing Brisbane as a very viable alternative for investment.

Once again I would like to quickly take the opportunity to thank the residents who contacted me on receiving the last edition of my publication. Your feedback was most welcomed. I am pleased you found the publication informative.

I hope this finds you well. Until next time…

Kind Regards

Thérèse

“Therese is an extremely knowledgeable, professional and patient agent and we couldn’t be happier with her as our agent. She always made us feel like we were her number one priority. Therese was always quick to respond to her emails or our requests for assistance or to answer our questions. She was like our personal advisor during this time and was willing to go the extra miles to make sure we found the right buyer for our home. We highly recommend (and have already recommended) Therese to anyone looking to sell their home!” Recent Vendor Testimonial - ratemyagent.com.au

recent annerley sales

Northview Outlook

Waverley Street

Aubiny Street

Dudley Street East

Stevens Street

3 Bed 1 Bath 2 Car

3 Bed 2 Bath 1 Car

3 Bed 1 Bath 2 Car

3 Bed 1 Bath 2 Car

4 Bed 2 Bath 1 Car

Sale Price: $736,000

Sale Price: $605,000

Sale Price: $532,000

Sale Price: $731,500

Sale Price: $746,000

Brisbane Street

Franklin Street

Ware Street

Sunbeam Street

Clive Street

5 Bed 2 Bath 1 Car

3 Bed 2 Bath 1 Car

2 Bed 1 Bath 1 Car

3 Bed 2 Bath 1 Car

3 Bed 2 Bath 2 Car

Sale Price: $723,000

Sale Price: $550,000

Sale Price: $380,000

Sale Price: $525,000

Sale Price: $709,000

Clive Street

Waldheim Street

Cavan Street

Sarah Street

Waverley Street

3 Bed 2 Bath 2 Car

2 Bed 1 Bath 1 Car

3 Bed 2 Bath 2 Car

2 Bed 1 Bath 1 Car

3 Bed 2 Bath 1 Car

Sale Price: $635,000

Sale Price: $297,000

Sale Price: $835,000

Sale Price: $354,000

Sale Price: $460,000

Waverley Street

Cosker Street

Pitt Street

Woodville Place

Cracknell Road

4 Bed 3 Bath 2 Car

3 Bed 1 Bath 1 Car

2 Bed 1 Bath 1 Car

3 Bed 1 Bath 1 Car

2 Bed 2 Bath 1 Car

Sale Price: $650,000

Sale Price: $627,000

Sale Price: $439,000

Sale Price: $590,000

Sale Price: $462,000

Gowrie Street

Woodville Place

Clive Street

Villa Street

Bower Street

2 Bed 2 Bath 1 Car

2 Bed 1 Bath 1 Car

4 bed 3 Bath 2 Car

1 Bed 1 Bath 1 Car

3 Bed 1 Bath 1 Car

Sale Price: $446,500

Sale Price: $580,000

Sale Price: $1,040,000

Sale Price: $212,000

Sale Price: $510,000

Lagonda Street

Taunton Street

Franklin Street

Vallely Street

Horatio Street

2 Bed 2 Bath 1 Car

2 Bed 2 Bath 2 Car

3 Bed 1 Bath 1 Car

3 Bed 1 Bath 1 Car

4 Bed 1 Bath 1 Car

Sale Price: $770,000

Sale Price: $370,000

Sale Price: $625,000

Sale Price: $572,500

Sale Price: $760,000

Considering the problems Queensland has experienced in the last couple of years, with a change of government, dramatic cuts to public spending and the end of the mining boom, it’s a surprise that Brisbane house prices did not fall by and large.

Admittedly Brisbane’s growth has been modest when compared to that of Sydney and Melbourne. During the year to June 2015, median dwelling values grew by just 3.4% while Sydney prices surged to 16.2% and Melbourne median prices climbed to 10.2%.

A renowned senior economist, whilst acknowledging that the current growth in median dwelling values is modest, believes Brisbane still has lots of potential for investors looking at acquiring quality properties.

However the apartment market in Brisbane may be heading for oversupply due to the many projects underway. Many investors are attracted to this market due to its relatively low entry price point. If the apartments are located inner-city, rental levels are stronger. Rentals are also stronger if the apartment blocks are close to universities. The concerning issue is that with so many apartments being continuously added to the market, rental levels will weaken and capital growth with these new builds will be unlikely in the short term.

QLD Average

Annerley

As previously mentioned in past reports the level of buyer competition in a suburb can greatly affect prices achieved. The diagram below, produced by realestate.com.au, illustrates the current level of buyer interest in Annerley. Once again interest is far above the QLD average.

High interest can definitely equate to high prices. Of great interest is that there have been two sales in Annerley in the past week well in excess of $1million.

One, a property in Clive Street sold for $1,410,000 and the other, a property in Wilkins Street East sold for $1,180,000. These are fabulous results!

“We met Therese while viewing a property and found her to be very approachable and easy to talk to. Although we did not make an offer on that property Therese was very willing to provide advice and tips for both buying and selling. Most agents are terribly pushy and opinionated however we did not get this impression from Therese which is why we then decided to use her as our agent when we put our property on the market.

Throughout the whole process Therese provided information promptly which was even more difficult given we were overseas during the majority of the marketing campaign.

Therese worked very hard to achieve our sale price and was understanding throughout the process of us not wanting to sell for what we believed was below market for a property such as ours. We would definitely recommend Therese to other sellers because of her personality and because she gets results.” Melissa - ratemyagent.com.au “We recently enlisted the service Therese to sell our home at Annerley. After contacting three or four other agencies we found we could talk to Therese and felt confident that she was listening to us and her understanding of our position was excellent. Therese's professionalism and dedication was outstanding. She was impeccably presented, always punctual and polite but above all was utterly professional. At a personal level Therese made us feel that we were her only clients (which we were not). Therese contacted us every day either by phone, text or email to inform us of progress. Her patience and reassurance was ongoing and very supportive throughout. Approximately three weeks after putting our house on the market Therese had sold our home and for an exceptional price. We cannot express our thanks enough to Therese and we would highly recommend that you give Therese a call. You will not be disappointed.” Lynette & Janette - ratemyagent.com.au

two little words Thérèse hears the most often from her clients…

thank you “An absolute professional dedicated to achieving great results. She is also a lovely person which makes the process easier for everyone.” Nicole - ratemyagent.com.au “Therese sold our townhouse in Annerley recently and we were delighted with the process and the result. We contacted Therese because her track record in our area spoke for itself.

However, what we remember most is what a pleasure it was to deal with Therese from beginning to end. Therese' professionalism and empathy foster trust with both buyers and sellers. And trust is a critical element in a successful sale. Thank you Therese.”

Alastair - ratemyagent.com.au

Recently SOLD by Thérèse ...

Ealing Street ANNERLEY

Oakwood Street ANNERLEY

Prince Street ANNERLEY

Thinking of Selling? Give me a call… Profit from my Knowledge

Over the years I have become very passionate about Annerley and its surrounding suburbs. It was therefore only natural to want to become more involved in the local community and help where required. For the last two years I have been the major sponsor of the Mary Immaculate Catholic Primary School Multi-Cultural Festival. This was held on Saturday 5th September and once again was a really FUN day! There were rides, a jumping castle, food stalls offering a multitude of cuisines from around the world, cake stalls, raffles and lots of entertainment.

As a major sponsor of the festival, and to add to the fun, I once again ran a ‘Guess how many balloons in the Place Mini’ competition. Entry was FREE with the prize being a Gift Card of the winner’s choice to the value of $250. There was a great response to the competition with a broad range of guesses being made. The correct answer this year was 113.

Due to the fact that there was more than one correct entry, the winner was drawn at the primary school Monday afternoon, post event. The lucky winner, who had recently enrolled their child at the school was thrilled to win the prize.

If you would like information regarding enrolling your child at Mary Immaculate, please contact Bernadette at their office on 07 3848 8965.

I can certainly recommend Mary Immaculate as a great school with a real sense of community.

Thérèse

Profit from my Knowledge 0404 188 006 theresec@eplace.com.au eplace.com.au/annerley

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