Market Overview Algester Summer Edition 2019

ALGESTER SUMMER EDITION 2019

Top Area Sales Market Overview Awards Night Colouring in Competition

s to

Prize

WIN from Gonnie Owen Chen from Nahar 0413 0422081 095780 958| owenchen@eplace.com.au | gnahar@eplace.com.au

OWEN IS SETTING THE NEW BENCHMARK ALGESTER 20 SALES TOPSOLD

BY OWEN CHEN TEAM Address

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

2 Sovereign Place

5,3,2

653

8-Jul-19

30

$716,000

28 Millbend Crescent

4,2,2

878

24-Sep-19

55

$620,000

5 Limewood Place

4,2,2

660

31-Aug-19

21

$602,000

34 Hillianna Street

3,2,2

950

1-Aug-19

24

$600,000

45 Hillianna Street

4,2,2

596

21-Jul-19

24

$575,000

14 Yorrell Street

4,2,2

596

21-Sep-19

26

$560,000

285 Algester Road

4,2,2

800

9-Aug-19

135

$540,000

7 Kulcha Street

4,1,2

627

5-Aug-19

116

$516,000

17 Bangalow Street

4,2,2

608

19-Jul-19

109

$505,000

2 Abill Court

3,1,2

691

4-Aug-19

7

$504,199

17 Corkwood Street

3,1,1

665

30-Aug-19

39

$470,000

40 Silkwood Street

4,2,2

546

7-Sep-19

20

$458,000

37 Yorrell Street

4,1,2

665

25-Jul-19

29

$456,000

25 Flindosy Street

3,1,1

593

5-Jul-19

60

$450,000

5 Minnipa Street

3,1,2

688

27-Aug-19

140

$440,000

21 Parinari Street

3,1,2

712

21-Aug-19

44

$440,000

36 Ackama Street

3,1,1

670

30-Aug-19

5

$435,000

123 Algester Road

3,2,2

671

2-Jul-19

90

$421,000

7 Konanda Street

3,1,2,

551

17-Jul-19

77

$350,000

95 Ridgewood Road

4,1,0

667

29-Aug-19

6

$300,000

Houses sold in ALGESTER QUARTER 3 2019

21 11.8%

5 YEAR GROWTH

$487,100 2019 Q3 MEDIAN PRICE

$716,000 HIGHEST SALE PRICE

$440pw

AVERAGE RENT FOR HOUSES

ALGESTER MARKET OVERVIEW ALGESTER ranks 100th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 1.62% for the past year is lower than average compared to its 11.80% growth within a five-year period.

Also in ALGESTER, Highest sale price for the last quarter was $716,000, the median home price is sitting at $487,000, and the average rent at $440. This suggests property owners could potentially earn a 4.31% increase in gross rental yield. Algester has 23 properties available for rent and 63 properties for sale.

If you need the latest about the Algester market, or want an opinion for your property, don’t hesitate to contact me.

53 days

Call me on 0422 095 958 or email me at gnahar@eplace.com.au to make an enquiry.

0.05%

Gonnie Nahar | Area Specialist

AVERAGE DAYS ON MARKET

MEDIAN PRICE CHANGE FROM ’19

#l

p t a e f i

e c la

Congratulations to Emily for winning the Agent Support of the Year Trophy!

We received certificate of The Place Sunnybank team and sponsorship from Warrigal State Place Graceville team at Place Volleyball Game :) School. #supportlocalschool

For many of us, Christmas is a time of joy to celebrate with friends and family, indulging in food and drink and being spoilt with gifts. Sadly, for vulnerable children all over Australia, Christmas can be a terribly sad time and a stark reminder of their lesser fortunes. Here at PLACE ESTATE AGENTS we are helping make a difference.

By teaming up with Lighthouse Care we have targeted the area of Logan, Woodridge and The Redlands with the mission to give disadvantaged children a Merry Christmas.

Market Overview Spring is the season of new beginnings, as the saying goes. Fresh buds bloom, animals come out to play, and the earth seems to come back to life. This September has seen the largest monthly gain according to the Corelogic Australian Property index since the market found its floor in May 2019. This gain has been the largest recorded since March 2017 and has been driven by the strong rebound in Sydney and Melbourne.

Nationally, there has been a 1.7% increase in dwelling value over the last quarter, with Sydney (3.5%) and Melbourne (3.4%) leading the way. Brisbane (0.5%) and Hobart (0.4%) are the only other capital cities to see growth in the latest quarter.

Overall, market prices and demand have benefited from low mortgage rates, and improved access to credit. Superior economic and demographic conditions have helped New South Wales and Victoria outperform other areas of the country largely due to higher population growth, lower unemployment, and stronger jobs growth.

Although markets outside of Sydney and Melbourne haven’t showed the same recovery trend, Brisbane has also shown a modest trajectory of growth. The loosening in credit policy, has created a rise in mortgage demand for owner occupiers (+5.3% in July) and Investors (+4.7% in July) according to ABS data. Improvements in auction clearance rates, and increased buyer activity and limited stock is also creating more urgency amongst buyers. These September results provides further confirmation that the Brisbane market should be gearing up for recovery.

On the rental market side, according to REIQ residential vacancy report, the vacancy rate of Greater Brisbane area for September 2019 quarter is 1.7%, compared to 2.4% for June quarter and 2.2% for March quarter.

Compared with Sydney and Melbourne, Queensland provides a strong investment return over the medium and long term for investors.

CAPTAIN: EMILY MCCABE EMAIL: EMILYMCCABE@EPLACE.COM.AU

Colour me in!

Become a winner!

We have 3 age categories Under 5 10 + years

6 - 10 years

The kids are required to write a wish list to Santa, nominating ‘something they want, something they need, something to wear and something to read’.

The team at Place will shop and deliver the gifts to these children. Follow this great cause on our Facebook and Instagram pages. (Search for Place Sunnybank) If you would like to find out more please contact our Community Captain Emily.

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"Secure your dream property with Time, enjoy the most wonderful time of Christmas!"

3 Prize to

*Voucher terms apply and expires on 30 Oct 2020

Parent's name: Child's name and age: Address:

BRENDAN YUNG

Phone:

M: 0 404 526 526 E: brendan.yung@bytherules.com.au

Email:

"Season’s greetings from the entire team at Bytherules! We will continue to be available throughout the Christmas and New Year period. May you have a spectacular New Year!!"

sets

WIN

Colour me in and return to your local agent (personally, via email, text or post) along with your address, email address, parents name and child's name and age for the chance to win from a range of prizes (Pictured right-hand side). All entries need to be recieved by 19 Dec 2019 to be eligiable. Winners will be announced on facebook on 20 Dec 2019 and the 'prizes' must be collected from our office. Prize will be allocated on age appropriate basis. Terms & Conditions Apply.

Gonnie Nahar HARDWORKING, DILIGENT, A GOOD NEGOTIATOR From the start, we sensed that Gonnie was going to work very hard for us and indeed he did. We saw him letterbox dropping at 7am and getting contracts signed at 8pm. If we were uncertain about aspects of the contract, Gonnie would negotiate quickly and fairly and came back with a favourable answer. Highly Recommended – Julie & Steve, a review from ratemyagent.com.au

OVER

$100m Total Sales in 12 Months

OVER

177

Transactions in 12 Months

OVER

12yrs Selling in your area

Statistics are for Place Sunnybank and Place Sunnybank Agents in general. All information is correct at time of printing

CALL

GONNIE NAHAR

OFFICE

Follow me on Facebook, Instagram and WeChat for updates happening in & around 4109

07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109

0422 095 958 | gnahar@eplace.com.au