Annerley ThÊrèse Carmichael Profit from my Knowledge 0404 188 006 theresec@eplace.com.au eplace.com.au/annerley
SOLD by Thérèse Carmichael
Hello once again and welcome to another edition of my Annerley Property Market Commentary. I hope this finds you well and that you are enjoying the somewhat cooler weather. It is a great time of year isn’t it? With a circulation of 4,000 copies I have made the decision to keep my report, Annerley centric going forward. Hopefully this will make it more meaningful and relevant to local residents. Once again, it is pleasing to advise that the market is continuing to show very positive indicators with further record prices being achieved. We are now regularly seeing million dollar plus sales in Annerley. I also would like to quickly take the opportunity to thank those residents who contacted me on receiving the last edition. Your feedback was most welcomed. Also a thank you to those who requested extra copies for friends they knew were thinking of moving into the area. I hope your requests were found to be helpful. Once again I hope this finds you well. Until next time… Kind Regards
Thérèse A little bit about Thérèse As a Lead Agent for Place Estate Agents, Thérèse Carmichael prides herself on being a true real estate professional by offering her clients sound business acumen and a very focused and disciplined approach to both property marketing and the sales negotiation process. Thérèse’s honesty and integrity are above reproach. This is reflected in her successful and proven sales strategy which she continually builds on a solid foundation of ‘client trust’.
Annerley Road
Aubigny Street
Bower Street
Cavan Street
Chester Road
5 Bed 2 Bath 1 Car
2 Bed 2 Bath 1 Car
7 Bed 5 Bath 5 Car
3 Bed 1 Bath 1 Car
2 Bed 2 Bath 1 Car
Sale Price: $536,000
Sale Price: $375,000
Sale Price:$1,180,000
Sale Price: $680,000
Sale Price: $385,000
Tamworth Street
Ivanhoe Street
Horatio Street
Frederick Street
Emperor Street
3 Bed 2 Bath 1 Car
2 Bed 2 Bath 1 Car
2 Bed 1 Bath 1 Car
2 Bed 1 Bath 2 Car
3 Bed 1 Bath 2 Car
Sale Price: $650,000
Sale Price: $485,000
Sale Price: $564,000
Sale Price: $550,000
Sale Price: $650,000
Waverley Street
Junction Terrace
Harewood Street
Frederick Street
Dudley Street
5 Bed 3 Bath 2 Car
3 Bed 1 Bath 2 Car
2 Bed 1 Bath 1 Car
3 Bed 1 Bath 1 Car
2 Bed 2 Bath 1 Car
Sale Price: $1,180,000
Sale Price: $653,000
Sale Price: $325,000
Sale Price: $830,000
Sale Price: $429,000
Lothian Street
Taunton Street
Victoria Terrace
Florence Street
Cosker Street
3 Bed 1 Bath 1 Car
2 Bed 2 Bath 1 Car
5 Bed 2 Bath 2 Car
2 Bed 1 Bath 1 Car
3 Bed 1 Bath 2 Car
Sale Price: $650,000
Sale Price: $388,000
Sale Price: $1,075,000
Sale Price: $570,000
Sale Price: $611,000
Venner Road
Ware Street
Gustavson Street
Fanny Street
Cosker Street 3 Bed 1 Bath 1 Car Sale Price: $595,000
3 Bed 1 Bath 1 Car
2 Bed 1 Bath 2 Car
2 bed 1 Bath 1 Car
3 Bed 1 Bath 1 Car
Sale Price: $550,000
Sale Price: $380,000
Sale Price: $362,000
Sale Price: $680,000
Wonderlost Outlook
Woodville Place
Gibson Street
Emperor Street
Clive Street
4 Bed 2 Bath 2 Car
5 Bed 1 Bath 2 Car
4 Bed 1 Bath 2 Car
3 Bed 2 Bath 3 Car
3 Bed 2 Bath 2 Car
Sale Price: $1,060,000
Sale Price: $615,500
Sale Price: $760,000
Sale Price: $620,000
Sale Price: $639,000
As the Sydney and Melbourne property markets stole the spotlight last year, many pundits are predicting that 2015 is Brisbane’s turn to shine. Since 2009, dwelling values in Brisbane have only risen by 7.7%, compared to the massive 59.1% increase in Sydney and 52% increase in Melbourne. This is quite significant. According to recent CoreLogic RP Data Home Value Index results, Brisbane’s gross rental yield for houses currently sits at 4.5% (third highest capital city in Australia) and 5.5% for units (second highest capital city in Australia). And with a median dwelling price of $452,200, this is cheaper than Sydney, Melbourne, Perth, Darwin and Canberra. It appears that of all the major capitals, Brisbane appears to be showing the best fundamentals. Brisbane property is in high demand. This is evidenced from the growth in rental prices, the rising number of sales, and the falling average days on the market. For people looking to buy their first home, Queensland also seems to be the destination of choice. First home buyers purchasing property in Queensland are more active than in any other state in the country, besides WA. Investors too are looking to sink their funds into Queensland. Many are focusing on location and capital growth rather than just cash flow. Interestingly the nearby suburb of South Brisbane was the most popular ‘investor search’ in realestate.com.au’s Investor Hotspots report. In second place was the neighbouring suburb of West End and in sixth place, another neighbour, Woolloongabba. The level of competition in a suburb can greatly affect prices and availability. The search engine realestate.com.au can easily track how many visits a property gets. Interestingly Annerley is way above the average for Queensland. In my Spring Edition 2014 report I sourced the same graph as below. At that point in time, Spring 2014, the average for Queensland was 50 visits per property. Annerley was above the average at 77 visits per property. It is interesting to see how far Annerley has come over the last nine months.
High Demand Market
Annerley
QLD Average Source: realestate.com.au
Also of interest is that since the beginning of the year there have been four recorded sales in excess of $1,000,000 in Annerley. All four properties are highlighted on the opposite page. We are now regularly seeing these types of results indicating the perceived value Buyers see in our wonderful suburb. I am confident that this will continue.
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What is a Body Corporate? A Body Corporate comprises all owners of a piece of land that is subdivided into units or apartments. One of the primary purposes of the Body Corporate is to manage and maintain the common areas everyone uses. For example the stairwell, car park, swimming pool. Essentially the Body Corporate deals with either physical property issues or issues relating to the people living within the precinct. Physical property includes gardens, tennis courts, driveways etc. and issues relating to people, include parking, behaviour and noise. Body corporates can make decisions at either a general meeting of all the owners or at a meeting of the body corporate committee. Fundamentally ‘decisions’ are made collectively i.e. no one can make a decision individually that affects all.
The body corporate must ensure they have public liability insurance cover. It must also have the building covered under an authorised damage policy that will replace or reinstate the building back to its original condition if damaged. How are Body Corporates financed? All owners pay a contribution (like a levy) that’s agreed to at the annual general meeting. There are two types of levies: Administration Fund - which covers day-to-day costs like insurance premiums Sinking Fund - which covers future capital expenses. For example driveway refurbishment, repainting the exterior of the building, replacing carpets in common areas, overhauling the lift and repairing roofs and gutters.
Recently
by Thérèse Carmichael
Venner Road ANNERLEY
Taunton Street ANNERLEY
Oakwood Street ANNERLEY
Ekibin Road ANNERLEY
Are you considering selling? Please give me a call so we can discuss a robust sales strategy for your property
Profit from my Knowledge
0404 188 006 theresec@eplace.com.au eplace.com.au/annerley
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