Alex Jordan Market Report by remagazines

Alex Jordan Market Report

Alex Jordan introduction

p. 04

Market Report introduction

p. 08

01 Market Articles State of the Brisbane property market and a look at what lies ahead

p. 13

The 2032 Olympics: How they will impact the Brisbane property market

p. 18

How COVID-19 changed home design forever

p. 25

The impact of returning expats on Brisbane's property market opportunities for homeowners

p. 31

How migration could shape our property markets in and around Brisbane

p. 35

How the stock market impacts consumer confidence and overall property market sentiment

p. 39

How the floods are expected to impact the Brisbane property market

p. 45

How and why international conflict could affect our property market (but probably won't)

p. 50

Booming property sales, but not a brick in sight: the metaverse and its virtual property market

p. 55

02 Indooroopilly

p. 59

03 Taringa

p. 77

04 Toowong

p. 95

05 St Lucia

p. 111

06 Fig Tree Pocket

p. 127

07 Chelmer

p. 145

08 Graceville

p. 163

09 Sherwood

p. 181

10 Corinda

p. 199

11 Chapel Hill

p. 215

12 We Love Local

p. 231

References

p. 244

04.

05.

Alex Jordan The Brisbane property market defied all predictions through the pandemic, experiencing unprecedented growth and outperforming every other capital city in Australia despite the state-wide lockdowns and devastating floods that ravaged our state. So far in 2023, we’ve had a different set of challenges, with the RBA interest-hikes and inflationary pressures making themselves felt in most areas. As a result, we’ve seen cooling markets across Australia, a trend that Brisbane has not escaped. Data for the 12 months to June 2023 shows that there has been a 9.3% drop in home values.1 Other major capital cities on the Eastern seaboard experienced similar declines with Sydney down 8.2% and Melbourne declining 7.4% for the 12 months to June 2023. What are the reasons behind this quiet but steady resistance? What long term impact will COVID-19 have on our local property market? How have the pandemic years changed how and where we want to live? And what opportunities do we see ahead for homeowners, home buyers and investors between now and the 2032 Olympics? After the rollercoaster ride of the past few years, I wanted to help answer these questions and share insights into some key real estate trends that have emerged as a result of the pandemic. As you will see in this report, the COVID-19 crisis provided us with some silver linings, and despite some downward pressure on our markets, immigration, large-scale investment in infrastructure and the upcoming Olympics with their attendant development are lighting the way towards a prosperous future for our property markets. I hope you find this report valuable and that it helps shed some light on where these opportunities lie. Of course, I would love to talk to you about any of these trends or answer any other questions you may have regarding the Brisbane property market.

#1 Top Residential Agent QLD 2021, 2022 & 2023 – REB (Real Estate Business) Ranked in the top 100 performing agents across Australia.

#1 Top Residential Agent QLD – REA (realestate.com.au) Excellence Awards 2020 & 2022 This award is based on volume, total number of sales, average sales price, and reviews and was awarded out of 8500 agents in QLD.

#1 Agent in McGrath Alex is currently listed as the top agent at McGrath nationally. Speaker at AREC (Australian Real Estate Conference) 2020 & 2021 Alex had the privilege of presenting as a guest speaker at the largest Real Estate conference in Australasia. Prestige Property AU Brisbane Home Prices Agent of the Year Award 2017-21 For the fifth year running, we are very honoured to receive this award on the Prestige Property AU/Brisbane Home Prices page.

06.

Top 100 Alex Jordan Sales 84-88 Terrace Street

NEW FARM

$7,000,000

630 Jesmond Road

FIG TREE POCKET

$4,650,000

46 Royston Street

BROOKFIELD

$6,750,000

37 Rakeevan Road

GRACEVILLE

$4,650,000 $4,600,000

171-175 Laurel Avenue

CHELMER

$6,350,000

80 Cubberla Street

FIG TREE POCKET

19-31 Oxford Terrace

TARINGA

$6,650,000

508 Jesmond Road

FIG TREE POCKET

$4,550,000

127-129 Ryan Street

WEST END

$6,500,000

61 Dennis Street

INDOOROOPILLY

$4,500,000

165 Laurel Avenue

CHELMER

$5,999,999

60 Victoria Street

CHELMER

$4,350,000

525 Jesmond Road

FIG TREE POCKET

$5,575,000

40 Henry Street

KALINGA

$4,350,000

12-16 Gilgandra Street

INDOOROOPILLY

$5,375,000

105 Outlook Crescent

BARDON

$4,200,000

153 Laurel Avenue

CHELMER

$5,370,000

20 Glanmire Street

PADDINGTON

$4,200,000

2 & 4 Handel Street

INDOOROOPILLY

$5,250,000

16 Kew Street

INDOOROOPILLY

$4,100,000

684 Jesmond Road

FIG TREE POCKET

$5,100,000

39 Glencairn Avenue

INDOOROOPILLY

$3,900,000

500 Jesmond Road

FIG TREE POCKET

$5,000,000

71 Tristania Road

CHAPEL HILL

$3,900,000

85 Longman Terrace

CHELMER

$4,750,000

58 Victoria Avenue

CHELMER

$3,875,000

115 Laurel Avenue

CHELMER

$4,700,000

45 Ivy Street

INDOOROOPILLY

$3,800,000

07. 32 Ivy Street

INDOOROOPILLY

$3,250,000

12 Emerson Street

TOOWONG

$3,250,000

41 Glencairn Avenue

INDOOROOPILLY

$3,210,000

57 Castile Street

INDOOROOPILLY

$3,200,000

5 Glencairn Avenue

INDOOROOPILLY

$3,200,000

39 Victoria Avenue

CHELMER

$3,175,000

18 Graham Street

INDOOROOPILLY

$3,100,000

36 Twigg Street

INDOOROOPILLY

$3,080,000

28 Townley Street

ST LUCIA

$3,080,000

43 Wilden Street

PADDINGTON

$3,075,000

41 Laurel Avenue

CHELMER

$3,050,000

41 Glencairn Avenue

INDOOROOPILLY

$3,050,000

33 Ivy Street

INDOOROOPILLY

$3,050,000 $3,050,000

42 Ninth Avenue

ST LUCIA

170 Leybourne Street

CHELMER

$3,015,000

25 Morley Street

CHELMER

$3,000,000

227 Dewar Terrace

CORINDA

$3,000,000

44 Ninth Avenue

ST LUCIA

$3,000,000

10 Bougainvillea Avenue

INDOOROOPILLY

$3,000,000

94 Berry Street

SHERWOOD

$2,980,000

15 Trinder Road

ASHGROVE

$2,950,000

306 Stanley Terrace

TARINGA

$2,950,000

37 McCaul Street

TARINGA

$2,925,000

100 James Street

NEW FARM

$2,910,000

47 Sutton Street

CHELMER

$2,900,000

83 Hawken Drive

ST LUCIA

$2,850,000

44 Seventh Avenue

ST LUCIA

$2,850,000

7 Howitt Street

TARINGA

$2,850,000

5 Howitt Street

TARINGA

$2,850,000

31 Oxford Terrace

TARINGA

$2,820,000

38 Ramada Place

FIG TREE POCKET

$2,815,000

33 Spencer Street

CORINDA

$2,800,000

53 Bernhard Street

PADDINGTON

$2,800,000

11 Tarcoola Street

ST LUCIA

$2,800,000

38 Braeside Terrace

ALDERLEY

$2,785,000

243-247 Lambert Road

INDOOROOPILLY

$2,770,000

57 Sutton Street

CHELMER

$2,750,000

34 Lama Street

CHELMER

$2,750,000

33 Elizabeth Street

PADDINGTON

$2,720,000

27 Eleventh Avenue

ST LUCIA

$2,700,000

181 Ninth Avenue

ST LUCIA

$2,680,000

135 Hillside Terrace

ST LUCIA

$2,680,000 $2,660,000

114 Stuartholme Road

BARDON

19 Neulans Road

INDOOROOPILLY

$3,800,000

81 Kew Road

GRACEVILLE

$2,649,800

22 Glencairn Avenue

INDOOROOPILLY

$3,750,000

40 Plunkett Street

PADDINGTON

$2,620,000

67 Victoria Avenue

CHELMER

$3,675,000

64 Botticelli Street

FIG TREE POCKET

$2,612,500

684 Jesmond Road

FIG TREE POCKET

$3,675,000

206 Harts Road

INDOOROOPILLY

$2,600,000

30 Sonanne Place

FIG TREE POCKET

$3,638,888

36 Twelfth Avenue

ST LUCIA

$2,600,000

169 Dornoch Terrace

HIGHGATE HILL

$3,600,000

11 Napier Street

ST LUCIA

$2,600,000

303C Kenmore Road

FIG TREE POCKET

$3,535,000

67 Bent Street

TOOWONG

$2,600,000

11 Rivergum Place

FIG TREE POCKET

$3,500,000

111 Cubberla Street

FIG TREE POCKET

$2,575,000

7/58 Tristania Drive

BARDON

$3,485,000

80 Prospect Terrace

ST LUCIA

$2,575,000

145 Laurel Avenue

CHELMER

$3,400,000

4 Grove Street

TOOWONG

$2,575,000

10/680 Jesmond Road

FIG TREE POCKET

$3,310,000

42 Kathleen Street

CORINDA

$2,550,000

8 Kianga Street

GRACEVILLE

$3,300,000

122-124 Harts Road

INDOOROOPILLY

$2,550,000

119 James Street

NEW FARM

$3,275,000

47 Hillside Terrace

ST LUCIA

$2,550,000

8 Martin Lane

INDOOROOPILLY

$3,250,000

371 Swann Road

ST LUCIA

$2,550,000

08.

We’ve lived through extraordinary times in recent years, with local, national and international events playing out large across our communities. While the Brisbane property market has proven relatively resilient to these world-changing events, we are not immune to the vagaries of wider economic and socio-political shifts. Changes in migration patterns, economic pressures associated with geopolitical conflict and domestic inflation, and the shifting needs of homeowners and renters are all factors that have had an impact on our markets in recent times. This market report delves into some of the shortand long-term consequences for the Brisbane property market of the lockdown years, the 2032 Olympic Games, a growing population and the ever-changing stock markets. The insights contained in this in-depth report provide a glimpse of the silver linings that have started to emerge after the crises of the pandemic years and shed light on several opportunities for investors and homeowners as Brisbane heads into a future replete with infrastructure development, a growing demand for housing and what is shaping up to be a city-defining edition of the Olympic Games in 2032. Happy reading!

09.

Market Articles

13. State of the Brisbane property market and a look at what lies ahead After the incredible property boom of the 2021-22 financial year, which saw our city’s overall growth rate hit 29.3% for the year to April 2022,1 Brisbane’s market has finally started to feel the pinch of the wider economic downturn. Here, we dive into the current market conditions across our city and take a look at what we might expect in 2023-24 and beyond.

The state of the current Brisbane market The second half of 2022 brought with it far tighter economic conditions, with inflationary pressures and interest rate hikes finally starting to bite in a market that had proven itself relatively resilient in the earlier part of the year. Tim Lawless of CoreLogic notes that after posting a 42.7% surge in housing values through the upswing, the Brisbane market suddenly shifted into a downturn, with values dropping 1.8% in August 2022. 2 However, the rate of decline slowed to -1.7% through September, and falling 10.9% in seven months to 28 January 2023. Despite this decline, Brisbane property prices remain 27.9% higher than August 2020. 3

Auction clearance rates are starting to pick up after a serious winter slump that saw clearances drop to just 33% at the end of July 2022. Domain figures for July 2023 show a 50% clearance rate, and the number of days a property stays on the market is still relatively low in comparison to other cities, at 35 days.4 With consumer confidence taking a hit in light of the tighter lending environment and rising cost of living, demand is not as buoyant as it has been, although with listings remaining unusually low, sales volumes are still healthy. 5 Interestingly, there seems to have been a shift in interest, with buyers appearing more interested in units than houses. Some of this may be attributed to an influx of interstate investors buying blind, but the upshot is that units in Brisbane have been outperforming houses for two consecutive quarters. 6

14. CoreLogic Home Value Index Table Capitals Sydney

Melbourne

Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

Month

1.8% 

0.9% 

1.4% 

0.9% 

1.3% 

0.5% 

0.4% 

Quarter

4.5% 

1.6% 

1.8% 

1.1% 

2.4% 

-0.5% q

-1.3% q

-0.1% q

YTD

3.5% 

0.1% 

0.0% 

0.1% 

2.0% 

-3.5% q

-1.7% q

-1.6% q

Annual

-8.2% q

-7.4% q

-9.3% q

0.4% 

2.0% 

-12.6% q

-0.6% q

-8.8% q

Total return

-5.5% q

-4.4% q

-5.1% q

3.9% 

6.8% 

-8.9% q

5.2% 

-5.4% q

Gross yield

3.2% 

3.5% 

4.3% 

4.1% 

4.9% 

4.3% 

6.4% 

4.1% 

Median value

$1,052,810

$755,871

$713,939

$654,767

$580,023

$655,403

$491,386

$825,053

Month

2.1% 

0.9% 

1.5% 

1.1% 

1.2% 

0.5% 

1.6% 

0.6% 

Quarter

5.0% 

1.7% 

1.8% 

1.1% 

2.4% 

-0.2% q

0.3% 

-0.3% q

YTD

4.0% 

0.1% 

-0.3% q

-0.1% q

2.1% 

-3.4% q

0.2% 

-2.0% q

Annual

-9.2% q

-8.6% q

-11.1% q

-0.5% q

2.2% 

-12.4% q

0.5% 

-10.2% q

Total return

-7.0% q

-5.9% q

-7.5% q

2.5% 

6.7% 

-8.8% q

5.8% 

-7.2% q

Gross yield

2.8% 

3.0% 

4.0% 

3.9% 

4.7% 

4.2% 

5.8% 

3.8% 

$1,293,529

$911,007

$792,125

$704,448

$606,563

$696,900

$585,732

$943,253

Month

1.1% 

0.9% 

1.1% 

-0.2% q

1.7% 

0.6% 

-2.0% q

-0.1% q

Quarter

3.3% 

1.4% 

2.2% 

0.9% 

1.9% 

-1.8% q

-4.3% q

0.4% 

YTD

2.2% 

0.1% 

2.0% 

0.9% 

1.5% 

-4.1% q

-5.3% q

-0.4% q

Annual

-5.5% q

-4.7% q

1.4% 

7.0% 

1.0% 

-13.5% q

-2.8% q

-3.7% q

Total return

-2.0% q

-0.9% q

6.7% 

12.4% 

7.0% 

-9.5% q

4.2% 

1.0% 

Gross yield

4.2% 

4.5% 

5.4% 

5.3% 

6.4% 

4.9% 

7.5% 

5.1% 

Median value

$797,806

$596,413

$504,487

$444,157

$418,623

$518,570

$365,397

$597,370

All Dwellings

Houses

Median value Units

Source: CoreLogic Home Values Index, 1 June, 2023.

15.

16. What lies ahead for the Brisbane property market in the long term? The Brisbane property market has a lot going for it in the long term. A growing population driven by interstate and international migration combined with strong investments in infrastructure as we look towards the 2032 Olympic Games suggests that our capital city will weather the current economic downturn more successfully than other Australian cities. However, we shouldn’t shy away from the fact that home values are dropping and will probably continue to do so until interest rates and inflation stabilise. The latest predictions suggest that this will happen sometime in mid to late 2023,7 although with global pressures influencing our economy, it’s impossible to make a solid call.

Predictions from Australia’s big four banks for Brisbane property prices in 2023 range from a relatively gentle 6% fall (Westpac & CBA) to a more significant 16.2% drop (NAB) over the year. 8 It’s worth remembering that the banks also predicted enormous losses at the beginning of the COVID-19 pandemic and were spectacularly wrong, although most experts agree that there will be more softening in the coming 12 months.

17. Summing up In the first half of 2022, despite the tragic floods our region suffered, Brisbane’s property market was bolstered considerably by rising interstate and international migration, relative affordability, and strong consumer confidence. The current economic situation across the country has only just started to make itself felt in the Brisbane market as Australia shifts into a downturn phase of the property cycle. House prices are expected to drop a little further as inflationary pressures and interest rate rises make themselves felt. Unit values are also forecast to drop, though they are currently quite stable in comparison to house values.

Our city's long-term prospects are excellent, especially in areas that will be directly affected by plans to build and improve infrastructure before the Olympic Games in 2032. Economic growth is predicted to bring more people to the area, driving demand from both buyers and renters. Most experts agree that once interest rates stabilise, our markets will recover and begin to grow steadily again.

Market Articles

The 2032 Olympics: How they will impact the Brisbane property market In July 2021, the announcement that Brisbane had won the bid to host the 2032 Olympic Games came, creating a buzz of anticipation for a predicted golden period in Brisbane and wider South East Queensland in the lead up to the event and beyond. Here, we dive into multiple factors underpinning this ongoing optimism to see exactly how and why the Olympics are likely to affect our property markets.

19. Why was Brisbane chosen? To understand the impact the Games will have on property, we first need to understand why Brisbane was chosen to host the event and why we are in a strong position to benefit from the Games. The International Olympic Committee (IOC) recently implemented new selection policies, encouraging bids that make use of existing and temporary venues, propose sustainable plans for the Games, and focus on strategies to reduce costs and benefit the host region in the long-term. The Brisbane 2032 bid was closely aligned with the IOC’s new approach, aligning its concept and proposals with long-term goals for South-East Queensland (SEQ) and making use of existing venues and infrastructure from the 2018 Commonwealth Games. Furthermore, according to the IOC, our high level of experience in hosting major international sports events, a favourable climate, existing and planned transport infrastructure, and experience in traffic management were key factors in our success.1 Such elements also play a major role in the outlook for our property markets, as we’ll see over the next few pages.

20.

How have host cities fared in the past? In 2012, Goldman Sachs published a report on the Olympics and Economics. 2 Their research into the Los Angeles and Atlanta housing markets after the 1984 and 1996 Olympics, respectively, provided compelling evidence that the Olympic Games positively impact local house prices in the host city. This is predominantly due to the excitement of a boost for the economy, as well as the improved infrastructure that comes with the games – and, of course, an increase in tourism. Locally, Melbourne’s hosting of the Commonwealth Games in 2006 saw new and upgraded infrastructure throughout the city – including an athlete’s village, which has since become a major residential hub. According to one report, this led to a 20% residential price growth within two years of the completion of the games. 3 In Sydney, according to REIQ, the median house price increased a whopping 88% in the five years to 2001. 4 Even closer to home, house prices in the Gold Coast area saw a 6.4% increase in the lead-up to the 2018 Commonwealth Games. 5

21.

5 year change in the median house price 160

135%

Price change (%)

120

123%

95%

88% 72% 56%

52%

40 35%

Sydney 2000 Olympics (5YE 2001)

Ba N llin SW a ,

H o TA b a r S t,

t, ol d Q Co LD as

C a Q irns LD ,

Pe W rth, A

, el bo VI urn C e

G r N i ffi t h SW ,

, el bo VI urn C e

Sy N dne SW y ,

22%

Melbourne 2006 Commonwealth Games (5YE 2007)

Gold Coast 2018 Commonwealth Games (5YE 2019)

Source: Propertyology, CoreLogic

What impact will the 2032 Olympics have on Brisbane? Longer term economic boost & employment opportunities Research by KPMG has estimated that hosting the 2032 Olympic Games will bring $8.1 billion in benefits to Queensland, with the economy set to benefit from $4.6 billion in tourism and commerce and $3.5 billion in social improvements, including health, volunteering, and community benefits. In addition, the 2032 Games are predicted to generate 91,600 full-time equivalent jobs in Queensland alone. 6 These economic benefits are likely to have a positive impact on our property markets. Large infrastructure projects are helping Brisbane is officially under construction, with major infrastructure projects planned right across the city. The city and surrounding areas are enjoying significant upgrades with developments such as the Cross River Rail Project, the “Brisbane Live” entertainment precinct, the Brisbane Metro bus service, the Brisbane Airport expansion, and improvements to the Port of Brisbane. From a property perspective, any significant improvements in lifestyle facilities and amenities increase appeal for home buyers. We are already seeing significant activity and competition amongst property developers, who are looking for opportunities to secure development sites in and around these key infrastructure projects.

22.

Source: Project Overview, Queensland Cross River Rail

Upgrades to public transport The masterplan video that helped Brisbane win the right to host the games refers to a ‘high quality road and rail’ system. As the Olympic events are spread out over South East Queensland, we expect there will be a key focus on infrastructure that facilitates easy access to events. While the Cross River Rail project is underway, we anticipate other public transport infrastructure announcements to be made by the government to help ensure competitors, workers, volunteers, and spectators can travel seamlessly around SEQ to the events. Improved transportation infrastructure projects tend to leave a legacy of permanent housing demand uplift.

23. Wider South East Queensland property market to benefit If history repeats itself, home buyers and investors could be in for some strong positive gains. However, we are not likely to see any significant price jumps until 2–5 years before the games, with most of the positive effects likely to be centred around significant infrastructure upgrades.

Roma Street/North Quarter is the home of the new Brisbane Live arena and a new Brisbane football stadium, which will host the rugby and soccer finals. The Cross River Rail Station on Roma Street will become a major transport hub, benefiting the area significantly.

Collier’s recently published “Precincts of Gold” report has earmarked four “priority precincts” as ripe for redevelopment and central to the 2032 Brisbane Olympics. They are Woolloongabba, Northshore Hamilton, Southbank, and Roma Street/North Quarter CBD.7

According to CoreLogic, other areas set to benefit from transport infrastructure upgrades include the Gold Coast and Sunshine Coast via upgrades to the M1 Pacific Motorway and the Bruce Highway. 8

The proposed billion-dollar overhaul of the Gabba stadium is set to be the epicentre of Olympic activity. With the Cross River Rail terminal and plaza, the new Brisbane Metro station, and the Kangaroo Point Green Bridge, this precinct is likely to see a lift in desirability and, therefore, demand. Northshore Hamilton will house the main Athletes Village for the Olympic and Paralympic Games, and developments in the area include road upgrades and a new pedestrian and cycle bridge to improve accessibility. Of course, the dwellings that are being built to accommodate the athletes will also provide long-term housing, creating a new, well-connected, and serviced residential hub beyond the Games. Southbank is home to the Brisbane Convention and Exhibition Centre, where several Olympic events will be hosted. Industrial land in this area is set to be repurposed, first for an International Broadcast Centre, then as parkland. The Neville Bonner Bridge will soon connect the suburb to the CBD, and further upgrades around the area should increase its longterm desirability.

As always, improved infrastructure and amenities attract residents and drive property values upward.

24.

A final word While the Olympics are still a long way off, we are excited about the prospect that there will be a range of long-lasting benefits for the residents of SEQ. These benefits include improved infrastructure, better public transport, and a strong economic boost, all of which point towards a significant lift in property values in key areas across the region.

25. Market Articles

How COVID-19 changed home design forever Throughout history, our homes have been a defence against disease and epidemics, but did you know that many popular design features that we find in our homes today actually originated during past pandemics or disease outbreaks, such as the Spanish flu in 1918 and various tuberculosis and dysentery epidemics? Before we look at how our two-year stoush with COVID-19 has reshaped our home designs and buyer ‘must-have’ features, we’d like to take you back in time to look at some interior changes that came into effect as a result of past global health crises.

26. How past pandemics have influenced architecture today White-tiled kitchens and lino floors from the 1900s 1 White-tiled kitchens and lino are still popular features in houses today, but this trend actually started at the end of the 19th century. Around that time, people became aware of the connection between food and the spread of germs. As a result, cleanliness and hygiene in the kitchen became increasingly important. Inspired by the white tiles used in hospitals, homeowners started to incorporate them into their kitchens; it was easier to see dirt on the tiles, and they were easy to keep clean. At the same time, homeowners also began to choose linoleum flooring over hardwood floorboards, as it was also easier to clean and more hygienic.

27.

Powder rooms at the front of the house

Larger wardrobes

Another feature we see in properties today is the guest toilet. In previous generations, homeowners had people deliver all sorts of things such as ice, food, and milk, to their properties every week. Those people were also delivering goods to other houses in the neighbourhood and may well have been carriers of disease.

Wardrobes are a must-have feature for many buyers today, but did you know that this trend started in the 1900s as a way to reduce illness?

The guest toilet was a more sanitary way to let any visitors use the loo without the chance of them contaminating the family bathroom. Because it was smaller than a full bathroom, it was an easier space to clean, and it helped contain any germs in one area.

Back in the 1800s, most people simply stored their clothes in drawers and had little shelving space. In the 1900s, people started to associate dust with infections and sought to create more space for their clothes in larger wardrobes. Wardrobes were easier to clean than drawers and less likely to carry dust and disease.

28.

Sleeping porches with screens from the Victorian Era It was during a tuberculosis pandemic that porches with screens were introduced. As antibiotics hadn’t been invented at the time, the best treatment for this deadly illness was sunlight and fresh air. As a result, homeowners started creating porches with screens where family members could sleep and get fresh air as a preventative measure, where those with tuberculosis could rest and recover. We see this feature used a lot across our homes in Brisbane and in the wider Queensland area.

29. Which home design features have become popular as a result of this latest pandemic? 2 Fast forwards to today, and there are clear trends emerging from our time with COVID-19. In fact, many home buyers are now prioritising (and paying more for) properties that have what we call ‘pandemic appeal.’ Here is a look at some of these new ‘must-have’ features. Home office space Throughout the COVID-19 lockdowns, most of us found ourselves working from home at different times. Now, many people have incorporated a hybrid approach into their lives, combining days at the office with work from home. In fact, some larger corporations in Brisbane have permanently downsized their office space due to the popularity of the work-from-home culture. Therefore, the home office that was once a luxury is now a must-have. Private outdoor havens Being stuck at home through various pandemic lockdowns wasn’t fun. Having a decent outdoor space was one factor that made it more bearable for many. Whether that’s a patio, a balcony, a garden, or a large yard, it's important for both adults and children to have a place to escape and get fresh air and sunshine. Not surprisingly, a private outdoor space – a place for your kids to be able to kick a ball and play – is a ‘must-have’ on property buyers' wish lists. Cleanliness and wellness focus There are two things to consider here. First, cleanliness. Having a separate toilet at the front of the house has become increasingly popular in today’s market. It also helps if there is space there to store bags, shoes, coats, and masks before washing your hands. Second guest bathrooms have become important for convenience and health. Throughout the pandemic, when someone in the house needed to be quarantined, a guest bathroom was one way to help isolate the spread of sickness. Because of increased hygiene awareness, touchless taps have also seen an uptick in demand. For wellness, space for a home gym has become a popular request for home buyers, and, as mentioned, plenty of outdoor space for exercise is highly sought after.

30.

Flexibility Realising that we never know when we might have to be stuck at home for weeks on end, many home buyers now hunt for properties that offer flexibility. Homes offering larger, open-plan living spaces give the homeowner more options if they need to rearrange furniture for homeschooling, adjust for multiple people working from home, or deal with other unexpected situations. Of course, plenty of storage space is also on the must-have list, with people needing extra space for work and school items. Future gazing… self-sufficient power and water Solar power and water tanks have been popular for homeowners for some time; perhaps the buildings of the future will have their own water supply and heating. According to Sergey Makhno, a future theorist, “autonomous mini-stations generating alternative power will become a reality. The goal will be independence from the outside world, minimising the risks in the case of a full shutdown.” 3 We will have to wait and see what this means for future buildings.

31. Market Articles

The impact of returning expats on Brisbane’s property market and opportunities for homeowners The Brisbane property market is currently experiencing unprecedented demand from expat and interstate buyers. We are seeing this group consistently outbid the locals on price; they are buying properties ‘site unseen’ and offering cash-only, unconditional contracts. In all our years of selling property, we haven’t seen this type of activity and demand before, and when international borders reopened in 2022, there were thousands more cashed-up expats returning home and storming the Brisbane and surrounding markets. Let’s unpack this trend a little more and look at where we see opportunities for property owners over the coming months.

32. What the data is showing us While returning expats may only represent 5-10% of potential buyers7, their impact on the property market is more pronounced. After years of earning great money overseas, many are returning home with significant savings, more than the average Australian, and often in stronger currencies than the Australian dollar. 6 When you combine this with the fact that many expats are from expensive cities like London, Hong Kong, and New York, don’t consider our real estate prices unaffordable. In fact, they are happy to, and in many cases, they are able to pay what is required to secure a prestige property in a desirable location. 6 COVID-19 has accelerated plans for many expats to return home. In fact, a global survey by Knight Frank showed 64% of Australian expat respondents living in countries such as China, Hong Kong, and the UK have considered buying a property in their home country following the lockdowns they have endured since early 2020. 9 The research also showed this group of property buyers were most interested in purchasing near-city or other blue-chip suburbs, with budgets ranging between $5 million and $15 million. 8 The Brisbane luxury market is high on most people's wishlists. The relative affordability of these types of properties compared to similar homes in cities like Sydney and Melbourne, combined with the lifestyle Brisbane and Queensland offer, is driving huge demand from expat family buyers. The top end of the Brisbane Market is still driving the growth, as seen in the CoreLogic Data. This shows us that over the most recent reporting quarter, the strongest growth in dwelling values occurred in the top 25% of values with 6.2% growth, compared to just 3.8% growth in the lowest 25% of values across the city. 2

33. Brisbane growth in stratified hedonic dwellings index (3 months) 8 7 6.4%

Price change growth (%)

6 5.7%

5 4 3.8%

3 2

Source: RP Data

Hi g of h e s va t 2 lu 5% es

M id of d l e va 5 lu 0% es

Lo w of e s va t 2 lu 5% es

34. Why is Brisbane so appealing to expats? There are several reasons that Queensland, and particularly Brisbane, is the ideal location for many returning expats: • the wide-open space and large premium homes

available in Brisbane aren’t readily available in places like China, Hong Kong, Singapore, and the UK6 • time in lockdown has underlined the importance

of space and access to lifestyle facilities that our city and state offer • Queensland’s containment and management

of COVID-19 has been a success story, and after living through multiple lockdowns, this is a big draw card for many expats • Brisbane is seen as a safe haven economically • COVID-19 has highlighted our ability to work

remotely, so the need for expats to return to larger cities such as Sydney and Melbourne is no longer an issue • the price-to-income ratios in Brisbane are a lot

lower than they are in Sydney and Melbourne, so expats can get more for their money; • plus, the relative affordability of our luxury

homes, which offer key lifestyle features that expats seek for their families, is a big draw for this cashed-up buyer group.

What we are seeing on the ground While buyer interest is high across all sectors of the Brisbane market, the interest we are seeing from overseas and expat buyers is unprecedented. This buyer group is looking at properties selling for over $1.5 million, and they are prepared to buy a property after only viewing it digitally, for example on Zoom or Facetime. While this is totally unusual, it shows how much confidence these buyers have in our city and our property market.

Final thoughts We are finding that this group is actively looking to buy now,7 with a focus on securing a home as soon as possible. Furthermore, there is still a fundamental imbalance between pent-up demand from committed and ‘cashed-up’ buyers, and the available supply of quality properties. 8 This will continue to apply upward pressure on prices, 9 mainly at the upper end of the market.

35. Market Articles

How migration could shape our property markets in and around Brisbane The Sunshine State has been attracting interstate and international migration for years with its gorgeous climate, relative affordability, and ever-increasing liveability. Although border closures during the worst of the pandemic brought interstate and international movement to a virtual standstill, figures from the Australian Bureau of Statistics (ABS) show that the population growth rate in Queensland is the highest of all states and territories, doubling the national average, with migration accounting for 71.6% of total growth.1 Here, we take a closer look at what’s behind these migratory trends and explore how they may impact our housing markets in the next few years.

36. The facts and figures Interstate migration has been, by far, the largest contributor to population growth in Queensland, with the 2021 census data showing a net gain of 107,549 people between 2016 and 2021, a spurt the ABS has referred to as “an unprecedented jump.” 2 Greater Brisbane has been the recipient of the majority of incoming residents, with over 54,400 interstate migrants swelling the area’s population. The Sunshine Coast and the Gold Coast have also recorded significant growth, with a combined net influx of over 56,000 people from both interstate and within Queensland. In comparison, due to the pandemic restrictions, international migration has plummeted relative to pre-COVID-19 times, although the losses in net overseas migration have become progressively smaller since the September 2020 quarter. 3 With the reopening of the borders, migration figures are set to change dramatically, with the 2022-23 Budget projecting a return to pre-COVID-19 levels by 2024. The Budget also notes that “Queensland is expected to welcome record high inflows of new residents” over the next few years. 4

What influences migration? There are many factors that cause people to move to a new state or country, including employment opportunities, climate, liveability, and affordability, and Brisbane ticks every box. Our subtropical climate has long been a lure for people from colder areas who want to enjoy the outdoor lifestyle afforded by our year-round sunshine and balmy temperatures. The weather is just one aspect that contributes to our region’s liveability. Culture, healthcare, stability, and education all contribute to making Brisbane a very attractive prospect, and with the 2032 Olympic Games providing a timely boost to local and regional infrastructure, this is only set to improve. The Olympics are also set to drive economic growth and employment figures over the coming ten years. The event is expected to generate over 90,000 jobs locally and deliver over $8 billion in economic benefits to the region, according to a study by KPMG. 5

37.

Finally, Brisbane and the surrounding areas are still considered relatively affordable, despite significant growth in the past two years. June 2023 figures show the current median price of a home in Brisbane to be $792,125, while the current median price for units sits at just $504,487. However, with increasing migration comes increasing demand, and the property markets in Greater Brisbane are expected to experience significant changes in the coming few years.

How will migration impact our housing markets? Despite the current downward pressures due to inflation and rising interest rates, most experts agree that Brisbane’s property market is likely to flourish in the years leading up to the Olympic Games as the capital and its surrounding regions benefit from improvements to infrastructure, employment opportunities, and a growing economy. Migration will also play an important role, especially in terms of supply and demand. Currently, the rental market is very tight as newly arrived international and interstate residents vie for the limited supply of housing.

38. The housing supply issues felt across the country are being compounded in our region by the influx of new arrivals, a situation which is expected to continue for some time despite the strategies and support discussed in the state’s recent housing summit. This situation opens a window of opportunity for investors, with purchase prices still relatively low and rental vacancies at an all-time low. If investors return in force to the market, we could see prices starting to climb back up after the current lull. Increased demand from potential buyers is also likely to put upward pressure on prices in the coming years. Predictions suggest that once interest rates settle, we are likely to see renewed vigour in the market, with many of the newly settled residents hoping to purchase a home within easy reach of the city, their workplace, schools, or the natural attractions of our city and surrounds.

Summing up The current cooling is not expected to last forever as the property cycle makes its natural way from downturn to growth. In South East Queensland, this cycle will be accompanied by strong economic growth and an increasing population, both of which are expected to contribute to steady, long-term growth across our markets, both up to and beyond the Olympic Games.

39. Market Articles

How the stock market impacts consumer confidence and overall property market sentiment Just as the property market defied expectations and soared to new highs during the pandemic, so too did the stock market. We saw new highs in most equity markets around the world, and I believe those strong markets created more wealth, giving people more savings and higher levels of confidence because they could see the financial markets being supported. Some of the stocks that did really well were the tech stocks, which outperformed the rest of the market. The changes introduced in the wake of multiple lockdowns forced people to quickly adapt to new technologies like Zoom, and the value of these companies grew accordingly. Now, in post-pandemic times, while some of the tech stocks have taken a hit recently, the ongoing need for people to work from home continues to affect the demand and appetite for technology, and I feel a lot of the changes implemented over the past two years will be permanent – we won’t see the world reverting completely to pre-COVID-19 practices.

40. How is the stock market correction influencing the property market? The ASX underwent a correction in January 2023, with its value dropping by over 10%. It has since recovered, and the ASX200 index is trading near its August 2021 highs, approaching 7,600. There is a correlation between the stock market and the property market, as any weakness or strength in the equities markets has an influence on property prices due to its impact on sentiment and consumer confidence. Most Australians are exposed to the stock market via their superannuation investments. When the stock market is strong and share prices are rising, it gives confidence to buyers/investors as their portfolio value increases. This results in buyers/investors being more willing to spend their money on other assets such as property, as their financial position improves, so does their borrowing capacity. Contrarily, a weak equities market creates negative sentiment and this compromise in confidence slows down decision making for potential buyers. So, it isn’t just affordability that impacts on buyers’ confidence. When looking at the prestige end of the property market, with a weak economic backdrop, rather than buying a $5 million house, high net worth individuals are likely to take a “wait and see” approach.

The impact of higher inflation By now, it is common knowledge that Australia’s inflationary environment is still uncertain. That’s something that could impact shares, with some asset classes rising in value and others struggling. In its March Statement on Monetary Policy, the Reserve Bank of Australia (RBA) reported that inflation increased to 7.8% over the year to the December 2022 quarter and has continued to be affected by geopolitical unrest, renewed lockdowns in China, and changes in government policies.1 The latest annual inflation rate for Australia is down to 6% for the June 2023 quarter. This marks the second consecutive quarter of lower annual inflation.

41.

Throughout the pandemic, more money was printed through the Federal Reserve Bank, the RBA, and through Asia and Europe, dwarfing any previous quantitative easing programmes. All of this money impacted the market, and we saw a boom in asset prices across commodities, cryptocurrency, and real estate. With the current geopolitical unrest, commodities remain high, although we’ve seen a downward turn in crypto and real estate as markets tighten.

While US inflation was at a 30-year high, hitting 8.52% in July 2022 before slowing to 4.98% in March 2023, 2 and down to 3% for June 2023. Bruce Apted, Head of Portfolio Management in Australia for State Street Global Advisors, correctly predicted that heightened inflation would force central banks' hands to raise cash rates, which would prove volatile for share markets. 3 He noted that in the last 50 years, the average rolling 12-month return for equities during periods of rising inflation was only 5.3%, compared to a 10.4% return when inflation was trending down.

42.

High inflation leads to higher interest rates Higher rates of inflation have an influence in their own right, but just as important, they tend to be accompanied by, or result in, increasing interest rates, which also have a significant impact on the economy and, of course, on the property market. The RBA has implemented several increases already this year, with the current official cash rate set at 4.1% in August 2023. As a result of these hikes, we are transitioning into a different residential real estate market. As official cash rates continue to increase beyond 4%, some borrowers are likely to find themselves highly leveraged. Governments typically use higher interest rates as a measure to combat rising inflation. High inflation is seen as a sign of an overheating economy, and in response, governments (or central banks) will often tighten monetary policy (increase interest rates) in an attempt to dampen economic activity. BetaShares’ Richard Montgomery explains that higher inflation is usually seen as a negative for stocks because it typically results in increased borrowing costs, higher costs of materials and labour, and reduced expectations of earnings growth. Taken together, these variables generally put downward pressure on stock prices. 4 Given the negative economic impacts of higher interest rates, we think that there is a strong case for central banks to start reducing interest rates by 2024.

43.

44.

What does history tell us? Taking a look at what has happened in the past can help point to what the future may hold. As noted by investing advice company. The Motley Fool, house prices plummeted when the stock market crashed in 1929, and in 2008, the market slowed to a crawl and then crashed as hundreds of thousands of homes went into foreclosure and lenders declared bankruptcy. 5 However, Motley Fool’s Dana George points out that “crashed” more often represents a cooling of the market and a pushback on home prices. George says a normal cycle sees the housing market peak about every 18 years, followed by a correction. When this happens, real estate investors pick up the best deals, and first-time buyers have the opportunity to become homeowners. 6

45. Market Articles

How the floods are expected to impact the Brisbane property market

With the 2032 Olympics in the bag and international borders reopening and domestic migration on the rise, Brisbane’s property market was booming at the start of 2022, with up to 8.5% growth in some areas and experts forecasting sky-rocketing prices for the foreseeable future. Then in February, the skies opened, and unprecedented floods devastated a huge number of properties throughout the Brisbane area – a once-in-a-century flood that has come just 11 years after the last once-in-acentury flood. We would like, first and foremost, to express our deep sorrow for those who have lost their homes and possessions and, tragically, in some cases, their loved ones. Drawing on the lessons learned from the 2011 floods may seem like a logical way to predict how the current crisis will affect the property market in Brisbane. However, as many experts note, things are not quite the same this time around, and the market might not respond as it did just over a decade ago. Here, we look back at the impact of the 2011 floods and analyse the current market situation to see just how the 2022 inundations might affect Brisbane property prices in the short and mid-to-long term.

46.

What happened in 2011 In the lead-up to the 2011 floods, the general economic context in Brisbane (and nationwide) was very different from our current situation. The world had been severely shaken by the 2008 Global Financial Crisis (GFC), and the housing markets were still a little rocky. Tighter monetary policies had been implemented off the back of the resource boom, and interest rates remained relatively high, with buyer confidence unsteady as we all struggled to come to terms with the fallout from the crisis. The 2011 floods had an immediate effect on property prices in affected areas. Property values in some badly flooded suburbs, such as Chelmer and Rocklea, fell by almost 18%, which was a far greater drop than the 6.1% fall in value recorded for Brisbane in the year following the floods. However, the next few years coincided with a natural upswing in the property cycle and a gradual relaxing of monetary policy – a fact that some experts have suggested led to a faster than expected recovery from the natural disaster, with Brisbane properties taking an average of 4 years to recover their pre-flood value. Without considering other mitigating factors, this could bode badly for the current market, which is at a very different point in the cycle. But just how much can we really draw on the experiences of 2011 as we look at our current situation?

47.

48. What’s different this time

Silver linings?

The first and most obvious difference is that prior to the floods in February 2022, the Brisbane property market in 2021 was red-hot. Thanks to low interest rates and Brisbane’s relative affordability, the area has seen incredible growth over the past two years, with record high median house price of over $750,000 being recorded in February 2023.

If you are buying

It’s a trend that experts predict will continue with the 2032 Olympics in sight and the government poised to pour money into infrastructure to meet the demands of a population surge driven by interstate and international migrants now that the borders have reopened. On the other hand, unlike 2011, the property cycle is just heading into a downward trend, with many pre-flood predictions of cooling markets nationwide. Just how much this will affect recovery in the floodaffected parts of Brisbane remains to be seen. Another factor to consider is that the current floods have come so quickly after the last. Before 2011, the last major flooding event had been back in 1974, meaning that the market had largely forgotten the risks and people were prepared to accept what was considered an off-chance of flooding to achieve their dream home by the river. Having had two major events in such short succession may make buyers more reluctant to invest in floodprone areas, just as it might make affected owners more interested in selling, which could mean significant pressures on the housing market in Brisbane.

A combination of flood-hesitant investors and twice-flooded sellers desperate to cut their losses and flee to relative safety means that the highly competitive Brisbane market may become a little more relaxed for buyers, at least in the short term. For those willing to take a risk, there may also be a chance to purchase flood-affected properties at greatly reduced prices, as witnessed in a recent realestate.com article by Elizabeth Tilley. On the other hand, there is also the possibility that the market will become more competitive due to undersupply, with vendors withholding their properties from the market until repairs are completed and demand increasing with the influx of national and international migrants. If you are selling or own an investment property With the inundations still very much on people’s minds, it’s likely that demand will increase in suburbs and areas that are not at risk of flooding, driving competition and pushing rental and purchase prices up in those areas. This trend is likely to continue as demand keeps outstripping supply.

49.

Summing up Most experts agree that there will be a short-term dip in property prices as we come to terms with the aftermath of the floods, but as consumer confidence returns and Brisbane looks forwards to a period of ongoing population growth and optimism leading up to the 2032 Olympics, the forecasts for the mid- to long-term generally point towards a steady upward trend, with many pundits suggesting that Brisbane will outperform the other main cities in Australia as their markets cool in the coming months and years.

Market Articles

How and why international conflict could affect our property market (but probably won’t) There has been a lot of speculation about how the current war between Russia and Ukraine could affect the global economy, filtering down to affect our national property market. While regional conflict leads to devastating economic consequences for warring countries and their nearest neighbours, other countries can also suffer the indirect economic pressures of distant wars. We look here at the effects that geopolitical unrest can have on Australia’s economy and housing markets and draw some tentative conclusions about the influence that the current crisis in Ukraine might have on us in the coming months.

51. It’s all connected

Take petrol

According to DFAT’s 2020 trade statistics, Australia is a highly globalised country, having entered into trade agreements with many other countries across the globe.

The perfect example of this economic ripple effect is petrol. In the early 1990s and again throughout the 2000s, war in the Middle East affected the price of crude oil as supply chains faltered and demand continued to increase.

Being located so close to Asia, it seems logical that most of our free trade agreements (12 of the top 15) are with countries from this region, but we also have ties to the US (number 5 of the top 15) and Europe, with the UK and Germany at numbers 14 and 15, respectively. With such close ties, any conflict directly involving these countries and regions can have a significant effect on our own economy, as agreements are compromised, sanctions are applied, or ties are completely cut. However, the ripples from other international conflicts may still be felt here, albeit less keenly, precisely because the global markets are so enmeshed and countries are so interdependent. Let’s look at some examples of how international conflict can cause ripples in our own economic pond.

Something similar is happening now with the RussiaUkraine conflict. The sanctions against Russia, the second-largest exporter of crude globally, have led to fears of a significant decrease in worldwide oil supplies and a consequent rise in petrol prices that we have all noticed as we pull into the servo to fill our tanks. But despite the fact that as individuals, our wallets will take a hit as petrol prices continue to rise, as an important global source of gas and coal, Australia could actually benefit from the sanctions imposed on Russia as countries seek alternative energy supplies.

52. Take wheat Wheat is a second commodity that the Ukraine crisis has an impact on. Together, Russia and Ukraine account for around 30% of global wheat exports, and, again, fear that international supply chains will be disrupted has already forced wheat prices up by over 50% since the conflict began. In fact, it’s not only wheat, but also barley, maize, and sunflower oil that are concerning the global market as decreased supply forces prices to rise. Once more, although households will notice that a loaf of bread costs more than usual, the ripple effect here may still be felt by Australia as a nation as our bumper wheat crops command higher prices and exports reach predicted record highs. So, on the one hand, the nation may perceive some indirect economic benefits that will bolster our already robust economy and encourage consumer confidence. But on the other hand, as people find themselves having to pay more for the basics, their confidence may wane, and they could tend to put off major purchases such as cars and houses. In such a situation, monetary policy is likely to play an important role in deciding how our markets respond to external pressure.

53.

Take inflation and interest rates Typically, rising commodity prices lead to rising inflation and the imposition of higher interest rates to counter that inflation. These are factors that can have a direct impact on the property market, as our recent property boom in response to record-low interest rates and negligible inflation has shown. Theoretically, then, higher consumer prices, higher interest rates, and the uncertainty caused by war, no matter how distant, are going to cool our property markets, right? Not necessarily. The Reserve Bank of Australia has been taking a very careful approach in the hope of regulating our markets to protect Australia from any sudden shocks and consequent collapses. The policies were in place way before the conflict started to ensure a gentle descent from the heady property market heights of 2020-21, and little has changed after Russia’s invasion of Ukraine. Governor Philip Lowe has assured Australians that the RBA is not planning to increase interest rates by any significant margin until wages rise enough to cope with any increases and unemployment levels reach acceptably low levels. Combined with the steady robustness of the Australian economy, buoyed further by the high prices our commodities are commanding, these measures augur well for our property markets.

54. Take demand

How does it all add up?

The other major factor protecting our property markets from a sudden decline is demand.

We have war in Europe, natural disasters in Australia, rising prices of petrol and other necessities, and a property cycle poised to enter a natural cooling phase.

Australia has opened its international borders; people are emerging from their COVID caves; employment is high; and many have been able to save money during the pandemic – in some cases, much more than expected! This all translates into a steadily growing demand for properties to rent and buy. Here in Brisbane, increased interstate migration coupled, tragically, with the loss of homes in the recent floods is also contributing to an increased local demand for properties.

All of these factors place a degree of downward pressure on our residential property markets. But at the same time, we have a resilient economy and are well-positioned to meet global needs for grain and energy, experiencing growth in migration and reaping the benefits of a carefully regulated monetary policy. The demand for property continues to be strong. So, while growth is not predicted to be as meteoric as it has been in the past 18 months, experts generally agree that our property markets will continue to grow steadily despite the challenges presented by the war in Ukraine.

55. Market Articles

Booming property sales, but not a brick in sight: the metaverse and its virtual property market explained By now, most of us are aware of a new internet wave that has been building momentum and is gearing up to sweep everyone out into uncharted sociotechnological waters. How we work and socialise is set to be transformed in ways we are only just beginning to imagine. High-profile celebrities and multinational companies have grabbed their goggles and dove in to what’s being called the Metaverse, investing millions into developing the technology that will make it possible to merge physical and virtual versions of our lives until the borders between them become almost indistinguishable. Going way beyond virtual meetings and online shopping, for many, the Metaverse is becoming a place to buy and develop property, host parties, attend huge gigs, and visit exclusive galleries. Here, we answer a few key questions about the metaverse and virtual property, taking a look at what some experts are predicting for this emerging technology.

56.

What is the metaverse?

OK. So, what is virtual property?

The term 'metaverse' was coined by Neal Stephenson in his 1992 novel Snow Crash, where it referred to a virtual 3D world into which the hero and protagonist. Hiro Protagonist, escaped from the rather grim realities of his life.

Our virtual selves – our avatars – need a place to hang out in, see a show, take a walk, visit friends, and shop. Virtual property is where they can do that and much more. It’s also where the big players are setting up shop, organising international events, like the first Metaverse Fashion Week, and doing big business.

Today’s metaverse is still evolving, but the foundational concept is of an interconnected series of virtual worlds in which people can do everyday things like work, shop, and socialise in real time using virtual or augmented reality tech such as goggles, handsets, and apps. It’s been referred to as the Internet 3.0, and for many, it is the next natural step in our progression from the creator-based, proprietary Web 1.0, to the current user-based, communal version 2.0. You might remember Second Life, which launched in 2003 and offered users the chance to create, well, a second life for themselves as avatars, using Linden Dollars, and buying virtual clothes and even virtual homes for their virtual selves? Well, the metaverse is a 3D uber-version of that, with multiple worlds, such as Decentraland, The Sandbox, and Roblox, among others, that will potentially interconnect and create a virtual spacetime for people to expand their real lives into.

Every virtual world defines its geographical boundaries at launch, meaning that pixel-based “land” in these worlds is limited. Like real property, when demand outstrips supply, the value of these pixel-parcels goes up. Like real property, certain neighbourhoods are more desirable than others. The main drags, so to speak, are the areas where visitors first enter the world. Their high volume of traffic means that any businesses setting up a virtual presence there will be guaranteed greater visibility – and so the land in those areas becomes more expensive. Having a high-profile neighbour is also a draw card for some. One property investor paid A$630,000 (yep) to buy a virtual block next door to Snoop Dogg, who is developing his Snoopverse in The Sandbox.

57. Why would I invest in something so intangible? While companies invest with a view to building a new customer base and gaining a solid foothold in yet another commercial market, everyday people are currently putting their real-world dollars and cents into virtual property for two main reasons. The first is that they want to have fun. The idea of buying a plot of land and building a gorgeous house to show off your cool virtual collections and host parties for your avatar friends appeals to many people. These properties become an extension of their owners’ personalities – a way to express themselves and enjoy the company of friends regardless of their actual geolocation. The second, riskier reason that people are investing harks back, in one much-quoted analogy, to 17th-century Manhattan. Imagine being one of the Dutch settlers who decided that the island was no place to make a life. Now imagine being one of the ones who bought large tracts of what went on to become some of the most expensive real estate on the planet… get the idea? Of course, the risks involved in property ownership are immense. It is a highly speculative and volatile market that depends on the equally volatile world of cryptocurrencies. While there have been some huge gains in the past few years, with plots increasing exponentially in some virtual worlds, there is no guarantee that those trends will continue.

I’m interested! How do I buy virtual property? Just as countries have their own currencies, most virtual worlds have their own cryptocurrencies, such as MANA in Decentraland, and SAND in The Sandbox. So, to invest in one of these worlds, you will need to have crypto. You will also need a wallet, like MetaMask, that can store non-fungible tokens (NFTs), which is essentially what your virtual property is. NFTs, like cryptocurrencies, are based on blockchain technology, and each one is a unique digital token that represents non-divisible ownership. Not only will your land be an NFT, but everything you buy for it and for your avatar is also likely to be an NFT. Once you have your crypto in hand and your wallet ready to use, you can go directly to one of the metaverse platforms and find a plot you like that is available for sale. Alternatively, you can find a third-party estate agency like opensea.io, where owners list properties for sale and buyers have more negotiating power.

58.

So… should I? As already noted, any investment in something so intangible, volatile, and speculative is a highly risky proposition. It would be extremely unwise to jump into virtual property without discussing the ins and outs with your financial planner or accountant. While there may be opportunity for great gain, there is also equal or perhaps even greater opportunity for loss. Nobody really knows how the metaverse will evolve or if its current property boom will end in little more than a fizzle, and many experts in the tech world (and in real estate) echo theorist Mark Stapp’s claim that he would not invest anything that he wasn’t absolutely prepared to lose in virtual real estate.

Indooroopilly

61.

Indooroopilly at a glance

Home to Indooroopilly Shopping Centre, one of Brisbane’s biggest retail and entertainment destinations, the suburb is a popular choice for families who can choose from some of the best schools in the Brisbane area. Perched on the Brisbane River, the architecture in this suburb features classic Queenslanders, contemporary apartment blocks, and exclusive riverfront properties, providing a wide choice when buying a house here. The proximity to Brisbane means the demand for housing is always high, but the abundance of public transport means many locals don’t worry about having a car. Indooroopilly Golf Club is Queensland’s premier 36-hole championship course immersed in a tranquil parkland setting bordering the Brisbane River.

62. Indooroopilly snapshot

$1.45m Median sale price (2022)

Based on 103 recorded house sales in 2022

3.9% Suburb growth (2022)

Current median: $1,455,000 (2022) Previous median: $1,400,000 (2021)

103 # Sold properties (2022)

Based on recorded house sales in 2022

63.

64. Suburb sales statistics Indooroopilly top 20 sales Street Address

Sale Price

Sale Date

78 Jilba Street

$12,000,000

18 November 2021

15 Bougainvillea Avenue

$8,000,000

18 July 2022

8 Glasnevin Street

$6,050,000

14 April 2022

59 Hunter Street

$5,760,000

26 November 2022

9 Ivy Street

$5,600,000

26 August 2019

7 Burns Street

$5,000,000

23 January 2020

20 Carnoustie Court

$4,910,000

14 January 2023

29 Neulans Road

$4,700,000

18 November 2019

265 Indooroopilly Road

$4,600,000

27 November 2021

61 Dennis Street

$4,500,000

17 July 2021

47 Dennis Street

$4,500,000

16 August 2012

74 Jilba Street

$4,500,000

25 August 2017

39 Ivy Street

$4,500,000

12 February 2016

16 Kew Street

$4,100,000

9 October 2022

249 Lambert Road

$4,030,000

23 February 2016

17 Glencairn Avenue

$3,950,000

30 September 2021

39 Glencairn Avenue

$3,900,000

14 December 2022

45 Ivy Street

$3,800,000

30 October 2021

19 Neulans Road

$3,800,000

20 June 2022

22 Glencairn Avenue

$3,750,000

11 October 2021

65.

Indooroopilly home loan repayments (monthly) 400 350

Number of people

300 250 200 150 100 20

0+ 00

2, 02,

1,8

99 ,3 -2 00

-1 , 7

99 -1 , 3 00 1 ,0

1 ,4

9 99 0-

9 59 0-

Monthly loan repayments ($) Source: Pricefinder, 2023

Indooroopilly rent payments (weekly) 800 700

Number of people

600 500 400 300 200 100

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

9 019 15

9 014 10

9 -9 75

66.

Indooroopilly sales (houses)

Year

# Sales

Median

Growth

Low

2004

123

$475,000

0.0% 

$32,000

$2,350,000

2005

126

$485,250

2.2% 

$250,000

$3,500,000

2006

130

$545,000

12.3% 

$268,000

$4,150,000

2007

173

$636,000

16.7% 

$260,000

$6,100,000

2008

$662,500

4.2% 

$134,000

$3,250,100

2009

121

$650,000

-1.9% q

$375,000

$2,800,000

2010

103

$715,000

10.0% 

$305,650

$6,250,000

2011

106

$717,500

0.3% 

$310,000

$6,500,000

2012

$725,000

1.0% 

$240,000

$4,500,000

2013

124

$709,000

-2.2% q

$305,000

$2,850,000

2014

148

$720,000

1.6% 

$375,000

$3,050,000

2015

119

$815,000

13.2% 

$452,500

$4,385,000

2016

131

$850,000

4.3% 

$420,000

$4,500,000

2017

130

$866,250

1.9% 

$495,000

$4,500,000

2018

120

$875,000

1.0% 

$410,000

$3,400,000

2019

139

$940,000

7.4% 

$552,000

$9,910,038

2020

121

$950,000

1.1% 

$518,000

$3,050,000

2021

153

$1,400,000

47.4% 

$575,000

$12,000,000

2022

103

$1,455,000

3.9% 

$650,000

$6,050,000

2023

$1,450,000

-0.3% q

$670,000

$4,910,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

67.

Indooroopilly median house price

2,100 1,900 1,800 1,700 1,600 1,500

Median sale price ($k)

1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200

2023

2021

2022

2019

2020

2018

2017

2015

2016

2013

2014

2011

2012

2010

2009

2007

2008

2005

2006

2004

2002

2003

2001

1999

2000

1997

1998

1995

1996

1993

1994

100

Number of sales

250 240 230 220 210 200 190 180 170 160 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0

2,000

Sale year (calendar)

Source: Pricefinder, 2023

Above all he has high levels of integrity, and an in-depth knowledge of the local market. / Lyndal Bayly, Guy Jones, and Fiona Winten

68. Indooroopilly peak selling periods 20 18

Median number of sales

16 14 12 10 8 6 4 2 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

Indooroopilly price range segments

20 18

Number of sales

16 14 12 10 8 6 4 2

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m 1.5

-1 . 5

Price range segments ($)

1. 2

-1 . 2 1m

0K -1 m

00 0K -9

K 00

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

69. Indooroopilly family composition

115 (3%) 497 (14%)

1,240 (36%)

Family composition (2021)

Couple with no children Couples (all) One parent (all) Other family

1,630 (47%)

Source: Pricefinder, 2023

Indooroopilly dwelling structure

2,337 (45%)

2,406 (47%)

Dwelling structure (2021)

405 (8%)

Source: Pricefinder, 2023

0 (0%)

10 (0%)

Flat Not stated Other Semi/terrace Separate house

70.

71. Indooroopilly home ownership

63 39 (1%) (1%) 1,307 (25%)

2,281 (44%)

Home ownership (2021)

Rented Fully owned Purchasing Other tenure type Not stated

1,459 (28%)

Source: Pricefinder, 2023

Indooroopilly non-school qualification

1,181 (23%) 1,760 (34%)

Non-school qualification: level of education (2021)

389 (8%) 135 (3%)

229 (4%)

315 (6%) 1,163 (22%)

Source: Pricefinder, 2023

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

72. Indooroopilly occupation

532 (9%)

420 (7%)

706 (12%) 598 (10%) 82 (1%)

Occupation (2021)

2,476 (41%)

318 (5%) 84 (1%) 751 (13%)

Clerical and administrative workers Community and personal service workers Inadequately described/ not stated Labourers Machinery operators and drivers Managers Professionals Sales workers Technicians and trade workers

Source: Pricefinder, 2023

Indooroopilly employment

608 (6%)

169 (2%)

2,114 (20%) 3,617 (35%)

Employment (2021)

3,307 (32%)

Source: Pricefinder, 2023

562 (5%)

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

73. Indooroopilly's method of travel to work

339 93 172 (2%) (6%) 263 (3%) (4%) 311 (5%) 357 (6%)

Method of travel to work (2021)

398 (7%)

605 (10%) 625 (10%)

Source: Pricefinder, 2023

2,807 (47%)

Car (driver) Train Did not go to work Bus Worked at home Walked only Car (pas.) Bicycle Train & bus Other categories

74.

Property spotlight 12-16 Gilgandra Street, Indooroopilly From the very first on-site appraisal through to the successful and seamless sale of our longheld family home, it became clearly evident that Alex Jordan is the consummate property marketing professional. He has high levels of integrity, in-depth knowledge of the local market, outstanding communication and negotiation skills, and is clearly committed to achieving optimum outcomes for his clients. We cannot recommend Alex highly enough to others considering their property’s sale, and we firmly believe that no other agent would have been capable of achieving the outcome he delivered to us.

/ Lyndal Bayly, Guy Jones and Fiona Winten

75.

Bedroom

Bathroom

Car space

76. Property spotlight 34 Jainba Street, Indooroopilly Following two unsuccessful attempts to sell my house over the past 3 years, I turned to McGrath Real Estate. Alex impressed me as an excellent strategist, and I greatly appreciated his calm, professional manner. Alex sold my house within 3 days prior to its being officially being placed on the market. The price obtained was excellent, and I then went on to purchase a new home through Alex and his team. I would also like to praise the backup support provided by the McGrath Team both during and after the seamless transactions. Without hesitation, I would recommend Alex Jordan of McGrath to any prospective seller.

/ Ann Lee

4 2 2

Bedroom

Bathroom

Car space

Taringa

79.

Taringa at a glance

The quiet and leafy streets of Taringa are filled with classic Queenslander homes, adding plenty of character to the suburb. With its proximity to the Brisbane CBD and the Universities of Queensland and Technology, Taringa is an appealing place for students. Contemporary apartments along Swann Rd boast panoramic city views, which make them popular with empty nesters and young professionals. Traditional apartment blocks in the area offer a real estate opportunity for first-time homeowners wanting an easygoing lifestyle and property investors alike. With no shortage of green space for outdoor entertainment, Taringa also serves up tennis courts, a golf course, and bike riding tracks, providing plenty of activity for people of all ages.

80.

81. Taringa snapshot

$1.46m Median sale price (2022)

Based on 54 recorded house sales in 2022

4.5% Suburb growth (2022)

Current median: $1,462,550 (2022) Previous median: $1,400,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

82. Suburb sales statistics Taringa top 20 sales Street Address

Sale Price

Sale Date

47 Lucinda Street

$3,200,000

25 September 2020

51 Todd Street

$3,170,000

13 October 2021

306 Stanley Terrace

$2,950,000

26 February 2021

37 McCaul Street

$2,925,000

6 April 2019

5 Howitt Street

$2,850,000

15 February 2022

7 Howitt Street

$2,850,000

21 January 2022

15 Goldsborough Road

$2,750,000

17 December 2007

65 Swann Road

$2,700,000

2 November 2020

292 Stanley Terrace

$2,600,000

20 August 2020

25 Rokeby Terrace

$2,575,000

3 November 2021

47 Bide Street

$2,500,000

23 September 2021

51 Todd Street

$2,450,000

6 September 2020

28 Ruskin Street

$2,435,000

12 April 2023

10 Mossman Street

$2,410,000

3 June 2022

20 Darvall Street

$2,400,000

21 September 2021

23 Princess Street

$2,400,000

11 March 2021

88 Beatrice Street

$2,395,000

2 February 2022

35 Swann Road

$2,388,000

16 June 2021

13 Darvall Street

$2,350,000

10 October 2017

43a Dopson Street

$2,300,000

17 June 2017

83.

Taringa home loan repayments (monthly) 200 180

Number of people

160 140 120 100 80 60 40 20

0+ 00

2, 02,

1,8

99 ,3 -2 00

-1 , 7

99 -1 , 3 00 1 ,0

1 ,4

9 99 0-

9 59 0-

Monthly loan repayments ($) Source: Pricefinder, 2023

Taringa rent payments (weekly)

700

Number of people

600 500 400 300 200 100

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 22 020

019 15

9 014 10

9 -9 75

84.

Taringa sales (houses) Year

# Sales

Median

Growth

Low

2004

$490,000

0.0% 

$235,000

$940,000

2005

$522,500

6.6% 

$275,000

$2,055,000

2006

$590,000

12.9% 

$300,000

$1,450,000

2007

$670,000

13.6% 

$375,000

$2,750,000

2008

$735,000

9.7% 

$458,000

$1,560,000

2009

$712,000

-3.1% q

$350,000

$1,880,000

2010

$750,000

5.3% 

$450,000

$5,084,000

2011

$680,000

-9.3% q

$450,000

$1,700,000

2012

$704,000

3.5% 

$440,000

$1,800,000

2013

$738,000

4.8% 

$499,000

$1,775,000

2014

$807,000

9.3% 

$470,000

$2,300,000

2015

$850,000

5.3% 

$440,000

$2,500,000

2016

$950,000

11.8% 

$502,500

$8,500,000

2017

$905,000

-4.7% q

$350,000

$2,350,000

2018

$870,000

-3.9% q

$400,000

$1,850,000

2019

$910,000

4.6% 

$605,000

$8,000,000

2020

$962,500

5.8% 

$675,000

$3,200,000

2021

$1,400,000

45.5% 

$750,000

$3,170,000

2022

$1,460,000

4.5% 

$905,000

$2,850,000

2023

$1,500,000

2.6% 

$825,000

$2,435,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

85.

Taringa median house price 1,700

110

1,600

100

1,500 1,400

90 80

1,200 1,100

1,000

900 800

700

600 500

400 300

200

100

Sale year (calendar) Source: Pricefinder, 2023

2023

2021

2022

2019

2020

2017

2018

2015

2016

2013

2014

2011

2012

2010

2009

2007

2008

2005

2006

2003

2004

2001

2002

1999

2000

1997

1998

1995

1996

1993

1994

Number of sales

Median sale price ($k)

1,300

86.

87. Property spotlight 37 Moorak Street, Taringa We had the pleasure of working with Alex and his team from the start of our house design phase through marketing and sales. Alex provided us with invaluable knowledge of the market's needs and the latest design trends, which was key in finalising our house designs to be ready for construction and marketing. Alex Jordan is a true professional... and we look forward to working with him and his team for many years ahead.

/ Jalen Andreatta

5 4 2

Bedroom

Bathroom

Car space

88. Taringa family composition

88 (4%) 285 (13%)

Family composition (2021)

997 (46%)

Couple with no children Couples (all) One parent (all) Other family

797 (37%)

Source: Pricefinder, 2023

Taringa dwelling structure

2,361 (62%)

1,058 (28%)

Dwelling structure (2021) 347 (9%) 0 (0%) 19 (1%)

Source: Pricefinder, 2023

Flat Not stated Other Semi/terrace Separate house

89. Taringa home ownership

102 33 (3%) (1%)

909 (24%)

1,803 (48%)

Home ownership (2021) Rented Fully owned Purchasing Other tenure type Not stated

934 (25%)

Source: Pricefinder, 2023

Taringa non-school qualification

557 (18%) 1,362 (45%)

Non-school qualification: level of education (2021)

265 (9%) 82 (3%) 129 (4%)

222 (7%)

Source: Pricefinder, 2023

428 (14%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

90. Property spotlight 193 Swann Road, Taringa It was a pleasure having Alex and his team sell my property. Alex is an exceptional real estate agent who is also respectful and courteous at all times. Alex always has his client’s best interests at heart, and you can trust that he is on top of every detail, which brings great peace of mind in any transaction. I certainly have no hesitation in recommending Alex and his team.

/ Julie Prosser

Bedroom

Bathroom

Car space

91.

Taringa peak selling periods

9 8

Median number of sales

7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Month (2022)

Source: Pricefinder, 2023

Aug

Sep

Oct

Nov

Dec

92. Taringa price range segments 20 19 18 17 16 15 14 Number of sales

13 12 11 10 9 8 7 6 5 4 3 2

Source: Pricefinder, 2023

His market knowledge and negotiation skills are world class. / Jalen Andreatta

m >3

-3

m 2.

-2 2m

-2

Price range segments ($)

1.5

-1 . 5

m m 1. 2

-1 . 2 1m

K 80

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

0K -1 m

93. Taringa occupation

319 (7%)

558 (12%)

398 (9%) 490 (11%) 54 (1%)

Occupation (2021)

229 (5%) 71 (2%) 494 (11%)

1,889 (42%)

Source: Pricefinder, 2023

Taringa employment

421 (6%)

147 (2%)

1,584 (21%)

2,733 (37%)

Employment (2021)

2,120 (29%)

Source: Pricefinder, 2023

374 (5%)

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

94. Taringa's method of travel to work

190 (4%)

290 91 (6%) 168 (2%) (4%) 1,992 (44%)

193 (4%) 200 (4%)

Method of travel to work (2021)

410 (9%)

471 (10%) 499 (11%)

Source: Pricefinder, 2023

Car (driver) Did not go to work Train Bus Worked at home Walked only Bicycle Car (pas.) Train & bus Other categories

Toowong

97.

Toowong at a glance

The rolling hills of Toowong are bordered by lush Mt Coot-tha and the gently winding Brisbane River. One early settler subdivided his block and named it ‘Village of Toowong’ apparently after an Aboriginal word describing a bird's song. With its proximity to the inner city, iconic pubs, good schools, and universities, young professionals, families, and students make up a large portion of the population of the very hip suburb of Toowong. Residential streets lined with beautifully resorted Queenslanders add a sense of history to the area. From the banks of the river, views of the city skyline can be enjoyed, and the Brisbane Botanical Gardens in Mt Coot-tha offer a number of enchanting walking trails with spectacular views and are home to the Sir Thomas Brisbane Planetarium.

98. Toowong snapshot

$1.58m Median sale price (2022)

Based on 67 recorded house sales in 2022

21.5% Suburb growth (2022)

Current median: $1,580,000 (2022) Previous median: $1,300,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

99. Suburb sales statistics Toowong top 20 sales Street Address

Sale Price

Sale Date

570 Coronation Drive

$8,460,000

9 September 2021

24 Glen Road

$7,300,000

31 October 2020

50 Archer Street

$6,175,000

20 September 2019

32 Archer Street

$6,000,000

19 August 2021

124 Sherwood Road

$5,301,000

12 March 2020

28 Woodstock Road

$5,300,000

20 June 2018

35 Victoria Crescent

$4,575,000

12 November 2021

85 Ascog Terrace

$4,550,000

28 July 2022

570 Coronation Drive

$4,500,000

11 February 2022

20 Archer Street

$4,000,000

15 March 2021

40 Archer Street

$3,800,000

5 December 2013

408 Birdwood Terrace

$3,350,000

21 August 2022

1502/527 Coronation Drive

$3,250,000

28 June 2018

12 Emerson Street

$3,250,000

28 May 2022

85 Ascog Terrace

$3,200,000

8 February 2020

189 Brosley Road

$3,100,000

23 August 2022

1501/527 Coronation Drive

$3,100,000

10 April 2019

40 Aston Street

$3,036,000

15 April 2016

26 Aston Street

$3,000,000

20 November 2021

1302/527 Coronation Drive

$2,950,000

7 February 2020

100. Toowong home loan repayments (monthly) 200 180 160 Number of people

140 120 100 80 60 40 20

0+ 00

2, 02,

1,8

99 00

-2

-1 , 7 00 1 ,4

-1 , 3 00 1 ,0

9 0-

9 59 0-

Monthly loan repayments ($) Source: Pricefinder, 2023

Toowong rent payments (weekly)

700 600

Number of people

500 400 300 200 100

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 22 020

019 15

9 014 10

9 -9 75

101. Toowong sales (houses)

Year

# Sales

Median

Growth

Low

2004

$462,500

0.0% 

$325,000

$1,800,000

2005

$445,000

-3.8% q

$270,000

$4,100,000

2006

$483,325

8.6% 

$270,000

$1,500,000

2007

108

$625,000

29.3% 

$326,250

$2,400,000

2008

$700,000

12.0% 

$355,000

$1,850,000

2009

$630,000

-10.0% q

$415,000

$2,625,000

2010

$710,000

12.7% 

$430,000

$2,200,000

2011

$675,000

-4.9% q

$390,000

$2,875,000

2012

$640,000

-5.2% q

$420,000

$2,000,000

2013

$675,000

5.5% 

$295,000

$3,800,000

2014

$755,000

11.9% 

$415,000

$2,720,000

2015

$725,000

-4.0% q

$450,000

$3,250,000

2016

$790,000

9.0% 

$555,000

$3,036,000

2017

$840,000

6.3% 

$465,000

$2,500,000

2018

$880,000

4.8% 

$625,000

$2,410,000

2019

$906,000

3.0% 

$600,000

$6,175,000

2020

$992,500

9.5% 

$560,000

$7,300,000

2021

107

$1,300,000

31.0% 

$750,000

$8,460,000

2022

$1,580,000

21.5% 

$785,000

$4,550,000

2023

$1,380,000

-12.6% q

$1,050,000

$2,580,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

102.

1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100

150 140 130 120 110 100

90 80 70 60 50 40 30 20

Source: Pricefinder, 2023

Toowong peak selling periods 13

12 11

Median number of sales

10 9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Month (2022)

Source: Pricefinder, 2023

Aug

Sep

Oct

Nov

Dec

2023

2021

Sale year (calendar)

2022

2019

2020

2017

2018

2015

2016

2013

2014

2011

2012

2010

2009

2008

2007

2005

2006

2004

2002

2003

2001

1999

2000

1997

1998

1996

1995

1993

1994

10 0

Number of sales

Median sale price ($k)

Toowong median house price

103. Toowong price range segments

Number of sales

14 12 10 8 6 4

m >3

-3

m 2.

.5 -2 2m

-2

m m 1. 2

1.5

-1 . 5

m -1 . 2 1m

K 00

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

Price range segments ($) Source: Pricefinder, 2023

He is the most focused and most methodically planned agent we have ever had the pleasure of dealing with. / Guy Kits

104. Toowong family composition

1,058 (28%)

Dwelling structure (2021)

2,361 (62%)

347 (9%) 0 (0%)

Flat Not stated Other Semi/terrace Separate house

19 (1%)

Source: Pricefinder, 2023

Toowong dwelling structure

102 33 (3%) (1%) 909 (24%) 1,803 (48%)

Home ownership (2021)

934 (25%)

Source: Pricefinder, 2023

Rented Fully owned Purchasing Other tenure type Not stated

105. Toowong home ownership

88 (4%) 285 (13%)

997 (46%)

Family composition (2021)

797 (37%)

Couple with no children Couples (all) One parent (all) Other family

Source: Pricefinder, 2023

Toowong non-school qualification

557 (18%) 1,362 (45%)

Non-school qualification: level of education (2021)

265 (9%) 82 (3%) 129 (4%)

222 (7%)

Source: Pricefinder, 2023

428 (14%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

106.

Bedroom

Bathroom

Car space

107.

Property spotlight 30 Terrace Street, Toowong Having been involved in Property Development and Construction in Brisbane for many years, we have come across and dealt with many real estate agents in our time. Alex Jordan is, without a doubt, the best! He is the most focused and methodically planned agent we have ever had the pleasure of dealing with.

/ Guy Kits

108. Toowong occupation

319 (7%)

558 (12%)

398 (9%)

490 (11%) 54 (1%)

Occupation (2021)

229 (5%) 71 (2%)

1,889 (42%)

494 (11%)

Source: Pricefinder, 2023

Toowong employment

421 (6%)

147 (2%)

1,584 (21%) 2,733 (37%)

Employment (2021)

2,120 (29%)

Source: Pricefinder, 2023

374 (5%)

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

109. Toowong's method of travel to work

190 (4%)

290 91 (6%) 168 (2%) (4%) 1,992 (44%)

193 (4%) 200 (4%)

Method of travel to work (2021)

410 (9%)

471 (10%) 499 (11%)

Source: Pricefinder, 2023

Car (driver) Did not go to work Train Bus Worked at home Walked only Bicycle Car (pas.) Train & bus Other categories

110. Property spotlight 12 Emerson Street, Toowong Entrusting someone to sell your beloved family home of 15 years is not an easy decision. We have much appreciated Alex’s calm approach and continuous communication throughout the marketing, open homes and final negotiation processes and are now looking forward to our next property journey!

/ David and Elizabeth Syme

Bedroom

Bathroom

Car space

St Lucia

113.

St Lucia at a glance

Named after the Caribbean island of St Lucia, the area started off as a sugar plantation in the 1860s. The Brisbane River winds around three sides of this picturesque suburb, which is an easy seven-kilometre commute to the Brisbane CBD. Home to the University of Queensland, naturally there are a large number of students making up a proportion of St Lucia. Wealthy professionals and young families are drawn to the area for its proximity to the city, its educational offerings, and its strong sense of community. St Lucia offers masses of green space and parklands, with the infamous parkrun held every Saturday, or for a slower pace, there is the almost 100-year-old St Lucia Golf Links, with a number of holes dotted along the Brisbane River.

114.

115. St Lucia snapshot

$1.95m Median sale price (2022)

Based on 63 recorded house sales in 2022

20.7% Suburb growth (2022)

Current median: $1,950,000 (2022) Previous median: $1,615,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

116. Suburb sales statistics St Lucia top 20 sales Street Address

Sale Price

Sale Date

20 Sanford Street

$7,750,000

2 June 2009

180 Macquarie Street

$5,200,000

24 December 2007

2/32 Austral Street

$4,800,000

3 November 2020

29 Laurence Street

$4,800,000

5 April 2012

15 Sisley Street

$4,800,000

24 November 2021

15 Seventh Avenue

$4,550,000

20 April 2016

26 Hiron Street

$4,500,000

21 August 2012

14 Jerdanefield Road

$4,500,000

22 January 2021

32 Hiron Street

$4,388,000

7 October 2020

156 Gailey Road

$3,500,000

22 January 2018

118 Hawken Drive

$3,500,000

24 August 2020

22 Seventh Avenue

$3,500,000

1 July 2022

101 Hawken Drive

$3,300,000

8 June 2021

14/100 Macquarie Street

$3,300,000

11 April 2018

45 Ironside Street

$3,200,000

23 March 2022

16 Jerdanefield Road

$3,150,000

8 November 2004

28 Townley Street

$3,080,000

14 December 2022

42 Ninth Avenue

$3,050,000

2 August 2022

13/100 Macquarie Street

$3,000,000

23 May 2017

44 Ninth Avenue

$3,000,000

31 January 2023

117.

St Lucia home loan repayments (monthly) 200 180

Number of people

160 140 120 100 80 60 40 20

0+ 00

2, 0-

99 2,

1,8

-2

-1 , 7 00 1 ,4

-1 , 3 00 1 ,0

9 99 0-

9 59 0-

Monthly loan repayments ($)

Source: Pricefinder, 2023

St Lucia rent payments (weekly) 700 600

Number of people

500 400 300 200 100

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 22 020

019 15

9 014 10

9 -9 75

118.

St Lucia sales (houses) Year

# Sales

Median

Growth

Low

2004

$700,000

0.0% 

$330,000

$4,150,000

2005

$673,000

-3.9% q

$341,000

$1,450,000

2006

$665,000

-1.2% q

$315,000

$1,800,000

2007

$830,000

24.8% 

$490,000

$5,200,000

2008

$855,000

3.0% 

$389,875

$3,800,000

2009

$882,500

3.2% 

$506,000

$7,750,000

2010

$1,090,000

23.5% 

$475,000

$4,775,000

2011

$986,000

-9.5% q

$607,000

$2,050,000

2012

$902,500

-8.5% q

$509,000

$4,800,000

2013

$920,000

1.9% 

$572,000

$4,325,000

2014

$1,032,500

12.2% 

$565,000

$6,750,000

2015

$1,087,500

5.3% 

$640,000

$1,780,000

2016

$1,060,000

-2.5% q

$445,000

$4,550,000

2017

$1,166,250

10.0% 

$595,000

$2,600,000

2018

$1,130,000

-3.1% q

$635,000

$2,575,000

2019

$1,227,500

8.6% 

$810,000

$2,501,688

2020

$1,458,000

18.8% 

$675,000

$4,388,000

2021

$1,615,000

10.8% 

$728,000

$4,800,000

2022

$1,950,000

20.7% 

$820,000

$3,500,000

2023

$1,685,000

-13.6% q

$1,000,000

$3,000,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

119.

St Lucia median house price

150

2,300 2,200

140

2,100

130

2,000 1,900

120

1,800

110 100

1,500 1,400

1,300

1,200 1,100

1,000 900

800

700

600 500

400

300 200

100

Sale year (calendar)

Source: Pricefinder, 2023

2021

2022 2023

2019

2020

2017

2018

2015

2016

2014

2013

2011

2012

2010

2009

2007

2008

2005

2006

2003

2004

2001

2002

1999

2000

1997

1998

1995

1996

1993

1994

Number of sales

Median sale price ($k)

1,700 1,600

120.

Property spotlight

4 2 2

75 Ryans Road, St Lucia

Bedroom

Alex's extraordinary local knowledge, professionalism, and expertise were obvious. We were kept informed throughout the process and knew Alex, Nathan, and their expert team were working hard on our behalf.

Bathroom

It is rare to be able to make a recommendation without reservation, but that is exactly what I would do with regards to Alex, Nathan and the team. If you are contemplating selling your property, look no further.

/ Gabrielle Elliott

Car space

121. St Lucia peak selling periods 12 11 10

Median number of sales

9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

St Lucia price range segments

20 18 16

Number of sales

14 12 10 8 6 4

Source: Pricefinder, 2023

m >3

-3

m 2.

.5 -2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

122. St Lucia family composition

118 (5%) 248 (11%)

958 (44%)

Family composition (2021)

865 (40%)

Couple with no children Couples (all) One parent (all) Other family

Source: Pricefinder, 2023

St Lucia dwelling structure

1,297 (33%)

Dwelling structure (2021)

271 (7%) 3 (0%)

Source: Pricefinder, 2023

23 (1%)

2,367 (60%)

Flat Not stated Other Semi/terrace Separate house

123. St Lucia home ownership

64 43 (2%) (1%) 699 (18%)

2,090 (53%)

Home ownership (2021)

Rented Fully owned Purchasing Other tenure type Not stated

1,046 (27%)

Source: Pricefinder, 2023

St Lucia non-school qualification

649 (9%) 587 (9%)

4,685 (68%)

Non-school qualification: level of education (2021)

118 (2%) 135 (2%) 435 (6%) 236 (3%)

Source: Pricefinder, 2023

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

124.

St Lucia occupation

531 (12%)

181 (4%)

515 (11%)

618 (13%)

56 (1%)

Occupation (2021)

339 (7%) 61 (1%) 1,875 (41%)

Source: Pricefinder, 2023

402 (9%)

125. St Lucia employment

926 (8%)

201 (2%) 1,972 (17%)

2,260 (20%)

702 (6%)

Employment (2021)

5,291 (47%)

Source: Pricefinder, 2023

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

126. St Lucia's method of travel to work

57 318 113 (1%) (7%) 175 (2%) (4%)

1,617 (35%)

212 (5%) 244 (5%)

Method of travel to work (2021) 574 (12%)

583 (13%)

720 (16%)

Source: Pricefinder, 2023

From the moment I met Alex I knew we were in the very best hands for the sale of our house. / Gabrielle Elliott

Car (driver) Did not go to work Walked only Bus Worked at home Bicycle Car (pas.) Ferry Train & bus Other categories

Fig Tree Pocket

129.

Fig Tree Pocket at a glance

Tucked away in a pocket of the Brisbane River, the suburb of Fig Tree Pocket takes its name from the impressive Moreton Bay fig trees in the area. Home to Australia’s cuddliest marsupials, the Lone Pine Koala Sanctuary was founded here in 1927 and is the largest koala sanctuary in the world. Some of Brisbane's most exclusive homes are located at Fig Tree Pocket and are typically grand family homes with swimming pools and stunning gardens. Those along the water’s edge of the Brisbane River have pontoons for launching boats or just enjoying the scenery. The large blocks of land and the abundant bush give Fig Tree Pocket a semi-rural feel, but it is still only a thirteen-kilometre stone's throw from the city. A dedicated bike path meanders most of the way into the Brisbane CBD through Mt Coot-tha bush and along the river.

130. Fig Tree Pocket snapshot

$1.65m Median sale price (2022)

Based on 74 recorded house sales in 2022

5.1% Suburb growth (2022)

Current median: $1,650,000 (2022) Previous median: $1,570,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

131. Suburb sales statistics Fig Tree Pocket top 20 sales Street Address

Sale Price

Sale Date

36 Needham Street

$9,500,000

19 November 2008

31 Needham Street

$9,000,000

28 May 2022

15 Ningana Street

$8,250,000

30 May 2014

626 Jesmond Road

$7,150,000

19 June 2009

12 Aminga Street

$6,300,000

21 May 2010

525 Jesmond Road

$5,575,000

13 November 2021

302 Jesmond Road

$5,500,000

15 December 2005

17 Ningana Street

$5,100,000

3 July 2018

684 Jesmond Road

$5,100,000

19 February 2021

500 Jesmond Road

$5,000,000

15 June 2020

630 Jesmond Road

$4,650,000

8 January 2019

385 Jesmond Road

$4,650,000

4 November 2020

80 Cubberla Street

$4,600,000

13 February 2021

508 Jesmond Road

$4,550,000

25 January 2022

398 Jesmond Road

$4,450,000

19 March 2005

374 Jesmond Road

$4,300,000

15 May 2008

283 Kenmore Road

$4,250,000

1 December 2005

30 Sonanne Place

$3,638,888

17 September 2021

557 Fig Tree Pocket Road

$3,630,000

28 April 2021

71 Robertson Place

$3,600,000

25 November 2022

132.

133.

Fig Tree Pocket sales (houses) Year

# Sales

Median

Growth

Low

2004

$570,000

0.0% 

$315,000

$5,250,000

2005

$480,000

-15.8% q

$335,000

$5,500,000

2006

$560,000

16.7% 

$200,000

$4,125,000

2007

$850,000

51.8% 

$365,000

$2,315,000

2008

$738,000

-13.2% q

$440,000

$9,500,000

2009

$770,000

4.3% 

$449,500

$7,150,000

2010

$790,000

2.6% 

$505,000

$6,300,000

2011

$765,000

-3.2% q

$295,000

$2,160,000

2012

$768,500

0.5% 

$344,000

$2,300,000

2013

$800,000

4.1% 

$235,000

$2,950,000

2014

$872,500

9.1% 

$400,000

$8,250,000

2015

$920,000

5.4% 

$250,000

$2,650,000

2016

$950,500

3.3% 

$270,000

$2,839,999

2017

$1,240,000

30.5% 

$460,000

$6,000,000

2018

$917,500

-26.0% q

$500,000

$7,500,000

2019

$1,177,500

28.3% 

$560,000

$4,650,000

2020

$1,160,000

-1.5% q

$585,000

$5,000,000

2021

$1,570,000

35.3% 

$670,000

$5,575,000

2022

$1,650,000

5.1% 

$820,000

$9,000,000

2023

$1,400,000

-15.2% q

$975,000

$3,500,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

134. 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100

110 100 90 80 70 60 50 40 30 20 10

Source: Pricefinder, 2023

Alex’s experience, communication and marketing nous saw us trust him completely. / Kevin Tabrizi

2023

2021

2022

2019

2020

2018

2017

2015

2016

2013

2014

2011

Sale year (calendar)

2012

2010

2009

2007

2008

2005

2006

2003

2004

2001

2002

1999

2000

1997

1998

1995

1996

1993

1994

120

Number of sales

Median sale price ($k)

Fig Tree Pocket median house price

135. Fig Tree Pocket home loan repayments (monthly)

300

Number of people

250 200 150 100 50

0+ 00

2, 0-

99 2,

1,8

-2

-1 , 7 00 1 ,4

-1 , 3 00 1 ,0

9 99 0-

9 59 0-

Monthly loan repayments ($)

Source: Pricefinder, 2023

Fig Tree Pocket rent payments (weekly)

110 100 90 Number of people

80 70 60 50 40 30 20 10

Weekly rent payments ($)

Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 22 020

019 15

9 014 10

9 -9 75

136.

Property spotlight 24 River Park Place, Fig Tree Pocket Alex and his team represented our prestige with class and tenacity. He kept us very informed, provided insightful advice, and represented our brand with absolute professionalism and an impressive attention to fine details. We look forward to working with Alex Jordan again, and we have no hesitation in recommending his team for luxury property sales.

/ Kevin Tabrizi

137.

Bedroom

Bathroom

Car space

138. Fig Tree Pocket peak selling periods 13 12 11

Median number of sales

10 9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

Fig Tree Pocket price range segments 22 20 18

Number of sales

16 14 12 10 8 6 4

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

139. Fig Tree Pocket family composition

116 (10%)

10 (1%)

329 (27%)

Family composition (2021)

Couple with no children Couples (all) One parent (all) Other family

759 (63%)

Source: Pricefinder, 2023

Fig Tree Pocket dwelling structure

8 (1%)

1,342 (99%)

0 (0%) 0 (0%) 0 (0%)

Dwelling structure (2021) Flat Not stated Other Semi/terrace Separate house

Source: Pricefinder, 2023

140. Fig Tree Pocket home ownership

178 (13%)

6 (0%)

5 (0%)

592 (44%)

Home ownership (2021) Purchasing Fully owned Rented Not stated Other tenure type

565 (42%)

Source: Pricefinder, 2023

Fig Tree Pocket non-school qualification

354 (22%)

44 (3%)

Non-school qualification: level of education (2021)

482 (30%)

Source: Pricefinder, 2023

522 (32%)

38 93 (2%) (6%)

86 (5%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

141. Fig Tree Pocket occupation

157 (8%)

112 (6%)

Occupation (2021)

766 (40%)

Source: Pricefinder, 2023

240 (13%)

145 (8%) 21 (1%) 66 (3%) 30 (2%)

381 (20%)

Clerical and administrative workers Community and personal service workers Inadequately described/ not stated Labourers Machinery operators, and drivers Managers Professionals Sales workers Technicians and trade workers

142.

143. Property spotlight 525 Jesmond Road, Fig Tree Pocket It was a big decision to sell my home, but choosing Alex was the easiest. At all times, Alex had my best interests at heart. Sensitive and considerate, he extended himself generously and always went above and beyond. There were many things that Alex did that did not go unnoticed or unrecognised. Being the true gentleman that he is renowned as, it was an honour having Alex represent myself and my home. His great negotiation skills are to be commended, and he achieved sensational result.

/ Daniella Maddalon

7 5 4

Bedroom

Bathroom

Car space

144. Fig Tree Pocket employment

112 55 (4%) (2%)

670 (22%)

1,189 (39%)

Employment (2021) Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

919 (30%) 124 (4%)

Source: Pricefinder, 2023

Fig Tree Pocket's method of travel to work

54 (3%)

22 28 43 (1%) (1%) (2%)

98 (5%)

59 (3%) 78 (4%)

172 (9%)

187 (10%)

Source: Pricefinder, 2023

1,187 (62%)

Method of travel to work (2021)

Car (driver) Did not go to work Worked at home Car (pas.) Bus Bicycle Train Train & car (driver) Walked only Other categories

Chelmer

147.

Chelmer at a glance

The leafy riverside suburb of Chelmer was once sheep and cattle grazing land around the mid-1800s. Century-old camphor laurel trees line the picturesque Laurel Avenue and surrounding streets, creating a lush, green awning for its residents. Cool breezes from the river offer respite for keen bike riders or joggers trailing the Brisbane River to the heritage-listed Walter Taylor Bridge. The local sailing club, established in 1902, is a popular pastime for many of the residents in Chelmer. Famous for its restored and often historic Queenslanders, Chelmer also offers iconic properties such as refurbished and renovated post-war workers cottages. Buying a house in this prestigious Brisbane suburb offers a quiet, family-friendly lifestyle.

148. Chelmer snapshot

$1.83m Median sale price (2022)

Based on 60 recorded house sales in 2022

29.5% Suburb growth (2022)

Current median: $1,825,500 (2022) Previous median: $1,410,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

149. Suburb sales statistics Chelmer top 20 sales Street Address

Sale Price

Sale Date

37 Morley Street

$8,800,000

30 August 2021

47 Longman Terrace

$8,000,000

16 November 2020

34 Roseberry Terrace

$7,200,000

16 February 2009

89 Longman Terrace

$7,000,000

31 March 2020

65 Longman Terrace

$6,600,000

28 May 2019

173-175 Laurel Avenue

$6,350,000

13 November 2021

39 Laurel Avenue

$6,000,000

18 June 2010

165 Laurel Avenue

$5,999,999

4 October 2022

39A Laurel Avenue

$5,500,000

7 February 2011

153 Laurel Avenue

$5,370,000

27 December 2021

49 Hanlan Street

$5,160,000

23 June 2007

127 Laurel Avenue

$5,000,000

24 February 2018

141 Laurel Avenue

$5,000,000

29 March 2019

27-29 Sutton Street

$4,830,000

4 November 2018

56 Victoria Avenue

$4,800,000

15 February 2022

85 Longman Terrace

$4,750,000

21 October 2022

115 Laurel Avenue

$4,700,000

21 March 2022

159 Laurel Avenue

$4,610,000

27 July 2022

28 Lama Street

$4,600,000

31 December 2016

59 Longman Terrace

$4,500,000

4 November 2005

150. 2,600 2,500 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100

Source: Pricefinder, 2023

Chelmer peak selling periods 10

Median number of sales

9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Month (2022)

Source: Pricefinder, 2023

Aug

Sep

Oct

Nov

Dec

2023

2021

Sale year (calendar)

2022

2019

2020

2017

2018

2015

2016

2014

2012

2013

2011

2010

2009

2007

2008

2006

2005

2003

2004

2001

2002

2000

1999

1997

1998

1995

1996

1993

1994

Number of sales

Median sale price ($k)

Chelmer median house price

151.

152.

Chelmer sales (houses) Year

# Sales

Median

Growth

Low

2005

$541,000

0.0% 

$136,100

$4,500,000

2006

$675,000

24.8% 

$225,000

$3,700,000

2007

$700,500

3.8% 

$280,000

$5,160,000

2008

$770,000

9.9% 

$432,000

$3,980,000

2009

$880,000

14.3% 

$473,500

$7,200,000

2010

$880,000

0.0% 

$366,160

$6,000,000

2011

$690,000

-21.6% q

$5,404

$5,500,000

2012

$880,000

27.5% 

$375,000

$3,170,000

2013

$855,000

-2.8% q

$450,000

$2,795,000

2014

$1,037,500

21.3% 

$458,950

$3,000,000

2015

$995,000

-4.1% q

$430,000

$4,250,000

2016

$1,015,000

2.0% 

$600,000

$4,600,000

2017

$1,107,500

9.1% 

$410,000

$3,990,000

2018

$1,030,000

-7.0% q

$498,000

$5,000,000

2019

$1,175,000

14.1% 

$514,000

$6,600,000

2020

$1,272,500

8.3% 

$592,500

$8,000,000

2021

$1,410,000

10.8% 

$720,000

$8,800,000

2022

$1,825,500

29.5% 

$750,000

$5,999,999

2023

$1,772,500

-2.9% q

$805,000

$6,500,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

Source: Pricefinder, 2023

70 Price range segments ($)

-2

m m

-3

-2

-1 . 5

-1 . 2

2m 2.

1.5

1. 2

0K -1 m

0K -9

0K -8

0K -7

0K -6

0K -5

0K -4

Number of sales

153.

Chelmer price range segments

154. Chelmer family composition

83 (10%)

12 (1%)

268 (31%)

Family composition (2021) 505 (58%)

Couple with no children Couples (all) One parent (all) Other family

Source: Pricefinder, 2023

Chelmer dwelling structure

56 (5%)

0 (0%) 0 (0%) 0 (0%)

Dwelling structure (2021) 981 (95%)

Source: Pricefinder, 2023

Flat Not stated Other Semi/terrace Separate house

155. Chelmer home ownership

10 7 (1%) (1%) 167 (16%)

453 (44%)

Home ownership (2021) Purchasing Fully owned Rented Other tenure type Not stated

399 (39%)

Source: Pricefinder, 2023

Chelmer non-school qualification

249 (20%) 387 (32%) 49 (4%)

Non-school qualification: level of education (2021)

341 (28%)

120 (10%) 17 58 (1%) (5%)

Source: Pricefinder, 2023

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

156.

157.

Property spotlight 115 Laurel Avenue, Chelmer I never knew selling a house could be so stressfree! Alex came highly recommended by a friend who had recently sold in the area. He genuinely had my best interests at heart. To sum up, Alex and Adriana were an absolute joy to work with. Integrity, knowledge, diligence, great communication, and a genuine desire to get the best result for me. I would not hesitate to recommend 'The A Team' to anyone who asks, and I sincerely look forward to working with them again in the future.

/ Lisa Sugg

4 2 2

Bedroom

Bathroom

Car space

158. Chelmer occupation

114 (8%)

72 (5%)

158 (11%) 121 (8%) 22 (2%) 59 (4%) 31 (2%)

Occupation (2021)

588 (41%)

274 (19%)

Source: Pricefinder, 2023

Chelmer employment

40 85 (4%) (2%)

518 (23%) 865 (38%)

Employment (2021)

683 (30%)

Source: Pricefinder, 2023

94 (4%)

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

159. Chelmer's method of travel to work

21 (1%)

11 12 (1%) (1%)

54 (4%)

45 (3%)

757 (53%)

59 (4%) 124 (9%) 148 (10%)

Method of travel to work (2021)

196 (14%)

Car (driver) Train Did not go to work Worked at home Car (pas.) Bicycle Walked only Not stated Other two Other categories

Source: Pricefinder, 2023

Every single part of his selling process has been thought through. / Jennifer Nielsen

160.

Property spotlight 17A Sutton Street, Chelmer Alex and Adriana are clearly the leading agents to sell property in Western Brisbane Suburbs. They provide a professional approach to the whole sale process. Their recommended marketing plan, from photography and advertising to the targeted social media posts, is results driven and proven to work. During all negotiations, Alex has a very calm demeanour and offers an approach to waiting for the premium buyer in the selling process.

/ Naomi Collins

161.

Bedroom

Bathroom

Car space

162. Chelmer home loan repayments (monthly)

220 200

Number of people

100 160 140 120 100 80 60 40 20

0+ 00

2, 0-

99 2,

1,8

-2

-1 , 7 00 1 ,4

-1 , 3 1 ,0

080

9 99

9 0-

9 59 0-

Monthly loan repayments ($)

Source: Pricefinder, 2023

Chelmer rent payments (weekly)

Number of people

60 50 40 30 20 10

Weekly rent payments ($)

Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 22 020

019 15

9 014 10

9 -9 75

Graceville

165.

Graceville at a glance

During the late 1800s, Graceville was a semi-rural suburb, and today it still retains an appeal that sets it apart from its neighbours. The suburban charm offers a village-like atmosphere with a simple 15-minute train ride to the Brisbane CBD. Graceville's location and picturesque homes have made it very desirable for real estate. Queenslander architecture is plentiful, with some removed for contemporary apartment developments but more having been renovated for either homes or charismatic cafes. Honour Avenue, known as ‘The Village’ is the destination locals head to for good coffee and tasty supplies. It was named in memory of those who served in WWI. Plenty of green spaces, including Graceville Riverside Parklands and Faulkner Park along the river, make Graceville

166.

167. Graceville snapshot

$1.35m Median sale price (2022)

Based on 85 recorded house sales in 2022

0.0% Suburb growth (2022)

Current median: $1,350,000 (2022) Previous median: $1,350,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

168. Suburb sales statistics Graceville top 20 sales Street Address

Sale Price

Sale Date

68 Molonga Terrace

$7,500,000

16 August 2021

37 Molonga Terrace

$7,000,000

15 June 2017

59 Molonga Terrace

$6,000,000

26 August 2020

35 Molonga Terrace

$5,850,000

27 May 2022

37 Rakeevan Road

$4,650,000

1 June 2022

95 Bank Road

$3,925,000

31 August 2018

5 Molonga Terrace

$3,680,000

8 September 2021

8 Long Street West

$3,600,000

27 July 2021

8 Kianga Street

$3,300,000

17 May 2021

27 Bell Terrace

$3,100,000

17 September 2018

87A Bank Road

$3,056,000

22 March 2018

60 Molonga Terrace

$3,000,000

22 September 2021

39 Molonga Terrace

$2,995,000

10 June 2020

37 Molonga Terrace

$2,850,000

23 June 2021

52 Bank Road

$2,800,000

17 November 2021

41 Molonga Terrace

$2,800,000

29 May 2021

47 Nadine Street

$2,800,000

19 February 2022

17 Frank Street

$2,750,000

7 June 2022

71 Molonga Terrace

$2,700,000

5 December 2018

71 Long Street West

$2,690,000

22 May 2021

169.

Graceville home loan repayments (monthly) 300

Number of people

250

200

150

100

0+ 00

2, 0-

99 2,

1,8

-2

-1 , 7 00 1 ,4

-1 , 3 1 ,0

080

9 99

9 0-

9 59 0-

Monthly loan repayments ($) Source: Pricefinder, 2023

Graceville rent payments (weekly)

130 120 110

Number of people

100 90 80 70 60 50 40 30 20 10

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

9 019 15

9 014 10

9 -9 75

170.

171. Property spotlight 8 Kianga Street, Graceville Alex has, through by his honesty, work ethic, and expertise, managed to negotiate and obtain an excellent price. In spite of the poor experience we had with a previous agent, you approached the process of the sale with a healthy degree of professionalism. Alex's focus was on the seller and to ensuring that the contract was strong. It needs to be noted that this deal came together successfully because of your efforts.

/ Sally Borrill

6 4 3

Bedroom

Bathroom

Car space

172.

Graceville sales (houses) Year

# Sales

Median

Growth

Low

2004

103

$477,000

0.0% 

$225,000

$1,800,000

2005

103

$461,000

-3.4% q

$50,000

$1,470,000

2006

103

$445,000

-3.5% q

$290,000

$1,120,000

2007

100

$580,000

30.3% 

$3,650

$3,425,000

2008

$710,000

22.4% 

$370,000

$1,521,000

2009

$625,250

-11.9% q

$390,000

$2,460,000

2010

$703,750

12.6% 

$420,000

$2,822,500

2011

$673,500

-4.3% q

$350,000

$1,675,000

2012

$649,500

-3.6% q

$410,000

$2,630,000

2013

$757,750

16.7% 

$370,000

$2,100,000

2014

$703,000

-7.2% q

$335,000

$3,525,000

2015

$787,500

12.0% 

$475,000

$2,200,000

2016

$842,000

6.9% 

$455,000

$2,033,000

2017

$840,000

-0.2% q

$10,000

$7,000,000

2018

$955,000

13.7% 

$350,000

$3,100,000

2019

$890,000

-6.8% q

$475,000

$3,050,000

2020

$1,034,000

16.2% 

$550,000

$6,000,000

2021

$1,350,000

30.6% 

$709,500

$7,500,000

2022

$1,350,000

0.0% 

$704,000

$5,850,000

2023

$1,202,500

-10.9% q

$680,000

$2,000,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

173.

Graceville median house price

1,800

170

1,700

160

1,600

150

1,500

140 130

1,300

120

1,200

110

1,100

100

1,000

900

800

700

Sale year (calendar)

Source: Pricefinder, 2023

2021

2022 2023

2020

2019

2017

2018

2015

2016

2013

2014

2011

2012

2010

2009

2007

2008

2005

2006

2003

2004

100

2001

2002

200

1999

2000

300

1997

1998

400

1995

1996

500

1994

1993

600

Number of sales

Median sale price ($k)

1,400

174. Graceville family composition

169 (13%)

14 (1%) 337 (29%)

Family composition (2021) 742 (57%)

Couple with no children Couples (all) One parent (all) Other family

Source: Pricefinder, 2023

Graceville dwelling structure

54 (3%)

1,428 (89%)

129 (8%)

0 (0%) 0 (0%)

Dwelling structure (2021) Flat Not stated Other Semi/terrace Separate house

Source: Pricefinder, 2023

175. Graceville home ownership

24 7 (1%) (0%) 341 (21%) 671 (42%)

Home ownership (2021) Purchasing Fully owned Rented Other tenure type Not stated

567 (35%)

Source: Pricefinder, 2023

Graceville non-school qualification

346 (21%)

68 (4%)

539 (32%)

Non-school qualification: level of education (2021)

487 (29%)

93 (6%) 105 (6%)

Source: Pricefinder, 2023

24 (1%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

176.

Property spotlight 21 Austral Avenue, Graceville Wow! Wow! Wow! I was so impressed with Alex and his entire team. Their communication and organisational skills are amazing! Never have I experienced such professionalism from every team member with whom I had contact with. This is a credit to Alex and his drive to achieve nothing but the best for his clients. Selling your family home can be difficult, but Alex made the journey as smooth as possible. Every step of the way, he kept us informed, gave us honest feedback, and worked with us to get the best price possible for our home. Far beyond what other agents thought possible! It was an absolute pleasure dealing with Alex. It's clear he loves what he does and loves to deliver outstanding results for his clients. I thoroughly recommend using Alex and his team when selling your property.

/ Fiona Fellows

5 3 3

Bedroom

Bathroom

Car space

177.

178. Graceville occupation

228 (9%)

327 (14%)

188 (8%) 189 (8%) 35 (1%) 60 (2%) 33 (1%)

Occupation (2021)

983 (41%)

358 (15%)

Source: Pricefinder, 2023

Graceville employment

123 84 (3%) (2%)

848 (24%)

1,434 (40%)

Employment (2021)

960 (27%) 104 (3%)

Source: Pricefinder, 2023

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

179. Graceville's method of travel to work

24 125 (1%) (5%)

29 (1%)

48 (2%)

1,253 (52%)

80 (3%) (3%) 154 (6%)

257 (11%)

Method of travel to work (2021)

356 (15%)

Source: Pricefinder, 2023

Car (driver) Train Did not go to work Worked at home Car (pas.) Bicycle Walked only Train & bus Bus Other categories

180. Gracevile peak selling periods

14 13 12 Median number of sales

11 10 9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

Graceville price range segments

28 26 24 22 Number of sales

20 18 16 14 12 10 8 6 4

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

K 80

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

Sherwood

183.

Sherwood at a glance

Sherwood is one of Brisbane’s most established suburbs and home to one of the oldest schools in Queensland. The state heritage-listed Arboretum is also found here, founded in 1924 and offers a green oasis on the city’s doorstep. Wide tree-lined streets accommodating generoussized houses with beautifully landscaped gardens form much of the suburb of Sherwood. Apartment and townhouse developments have created opportunities for young couples interested in buying a house and people looking for investment properties. The heritage atmosphere and relaxed ambience are popular with young couples, families, and established generations. Lush green areas around Oxley Creek offer abundant opportunities for relaxing weekend activities and a welcome breeze on balmy days.

184.

185. Sherwood snapshot

$1.42m Median sale price (2022)

Based on 62 recorded house sales in 2022

11% Suburb growth (2022)

Current median: $1,426,500 (2022) Previous median: $1,285,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

186. Suburb sales statistics Sherwood top 20 sales Street Address

Sale Price

Sale Date

16 Douglas Street

$4,500,000

2 August 2022

16 Woodberry Avenue

$3,800,000

8 April 2007

16 Hamilton Street

$3,750,000

28 September 2020

56 Lilly Street

$3,650,000

22 June 2015

27 Hazelmere Parade

$3,625,000

23 May 2021

14 Hamilton Street

$3,600,000

27 October 2016

11 Joseph Street

$3,450,000

10 September 2021

42 Barchester Street

$3,300,000

8 December 2010

27 Dudley Street

$3,010,000

15 January 2022

17 Arbour Street

$3,050,000

3 May 2019

16 Douglas Street

$3,000,000

15 September 2016

20 Dunella Street

$3,000,000

24 February 2017

35 Marlborough Street

$2,800,000

16 October 2016

74 Berry Street

$2,625,000

1 April 2022

11 Woodberry Avenue

$2,562,500

5 December 2016

41 Arbour Street

$2,450,000

22 May 2020

43 Arbour Street

$2,400,000

22 July 2019

10 Douglas Street

$2,375,000

6 October 2021

21 Barchester Street

$2,360,000

12 February 2022

22 Arbour Street

$2,350,000

4 May 2022

187.

Sherwood home loan repayments (monthly) 240 220 200 Number of people

180 160 140 120 100 80 60 40 20

0+ 00 3,

2, 02,

1,8

-2

99 -1 , 7 00

-1 , 3 1 ,0

080

1 ,4

9 99

9 0-

9 44

9 29 1-

Monthly loan repayments ($) Source: Pricefinder, 2023

Sherwood rent payments (weekly)

350 300

Number of people

250 200 150 100 50

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 20

9 019 15

9 014 10

9 -9 75

188. Sherwood sales (houses) Year

# Sales

Median

Growth

Low

2005

$460,000

0.0% 

$273,500

$2,900,000

2006

$541,000

17.6% 

$285,000

$3,200,000

2007

$610,000

12.8% 

$285,000

$3,800,000

2008

$681,000

11.6% 

$325,000

$1,325,000

2009

$650,000

-4.6% q

$355,000

$2,375,000

2010

$760,000

16.9% 

$420,000

$3,300,000

2011

$717,500

-5.6% q

$250,000

$1,600,000

2012

$675,000

-5.9% q

$390,000

$2,550,000

2013

$704,000

4.3% 

$405,000

$2,600,000

2014

$765,000

8.7% 

$300,000

$2,750,000

2015

$812,000

6.1% 

$450,000

$3,650,000

2016

$900,500

10.9% 

$450,000

$3,600,000

2017

$882,500

-2.0% q

$340,000

$3,000,000

2018

$870,000

-1.4% q

$415,000

$2,255,000

2019

$917,500

5.5% 

$410,000

$3,050,000

2020

$922,500

0.5% 

$425,000

$3,750,000

2021

108

$1,282,500

39.0% 

$600,000

$3,625,000

2022

$1,426,500

11.0% 

$421,000

$4,500,000

2023

$1,435,000

0.6% 

$750,000

$2,750,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

189. Sherwood median house price

1,900

140

1,800

130

1,700

120

1,600 1,500

110 100

1,300

1,200 1,100

1,000 70

900 800

700

600

500 400

300

200

Sale year (calendar)

Source: Pricefinder, 2023

2023

2021

2022

2019

2020

2017

2018

2015

2016

2013

2014

2011

2012

2010

2009

2007

2008

2006

2005

2003

2004

2001

2002

2000

1999

1997

1998

1995

1996

1994

1993

100

Number of sales

Median sale price ($k)

1,400

190. Sherwood peak selling periods

Median number of sales

9 8 7 6 5 4 3 2 1

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

Sherwood price range segments

20 Number of sales

18 16 14 12 10 8 6 4

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

191. Sherwood family composition

221 (14%)

34 (2%)

648 (40%)

Family composition (2021)

Couple with no children Couples (all) One parent (all) Other family

733 (45%)

Source: Pricefinder, 2023

Sherwood dwelling structure

799 (32%) 1,292 (52%)

Dwelling structure (2021) 5 (0%) 8 (0%) 404 (16%)

Source: Pricefinder, 2023

Flat Not stated Other Semi/terrace Separate house

192.

193.

194. Sherwood home ownership

45 17 (2%) (1%)

713 (28%)

914 (36%)

Home ownership (2021) Rented Purchasing Fully owned Other tenure type Not stated

818 (33%)

Source: Pricefinder, 2023

Sherwood non-school qualification

487 (25%)

509 (26%)

111 (6%)

Non-school qualification: level of education (2021)

485 (25%)

Source: Pricefinder, 2023

113 (6%)

168 (9%) 50 (3%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

195. Sherwood occupation

232 (8%)

215 (8%)

398 (14%)

291 (10%) 42 (2%)

Occupation (2021)

137 (5%) 71 (3%)

1,008 (36%) 404 (14%)

Source: Pricefinder, 2023

Sherwood employment

165 (4%)

91 (2%)

911 (21%) 1,762 (41%)

Employment (2021)

1,124 (26%) 216 (5%)

Source: Pricefinder, 2023

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

196.

Property spotlight 10 Lance Street, Sherwood After speaking to a few local agents, we invited Alex to view our home since he had been recommended by a few of my clients who had previously engaged him. Right from the outset, we could see he brought enormous value due to his immense knowledge of market values, presentation, timing, and local area activity. In short, Alex's service could be summed up perfectly with the quote, 'Quality is not an act; it's a habit. Quality is never an accident; it's always the result of high intention, sincere effort, intelligent direction, and skillful execution. It represents a wise choice among alternatives.

/ Adam & Renae Bourke

197.

Bedroom

Bathroom

Car space

198. Sherwood's method of travel to work

30 45 72 (2%) (1%) (3%)

127 (5%)

81 (3%) 98 (4%) 152 (5%)

1,486 (53%)

Method of travel to work (2021)

247 (9%)

455 (16%)

Car (driver) Train Did not go to work Worked at home Car (pas.) Walked only Bicycle Train & bus Train & car (driver) Other categories

Source: Pricefinder, 2023

Alex was always calm, professional, responsive, and carries himself with a very high level of integrity. / Jane & Marion Woods

Corinda

201.

Corinda at a glance

The settlement of Corinda dates from the 1850s, when the land was used mainly for grazing. During the 1890s Corinda's social structure started to take shape with the opening of the cricket and tennis clubs, and residential growth soon followed. The housing in Corinda is quite diverse, with apartments and townhouses near the train station, but there are still blocks of land, over two acres, if you go a bit further out. Predominantly, the real estate is made up of large, older-style homes nestled in leafy, well-manicured streets. Corinda is a family-friendly suburb with easy access to Indooroopilly Shoppingtown and the University of Queensland. An Olympic-size swimming pool in Oxley Road is a bonus for water-loving residents, and there is a large forest reserve along the Brisbane River for land lovers.

202. Corinda snapshot

$1.32m Median sale price (2022)

Based on 56 recorded house sales in 2022

37.1% Suburb growth (2022)

Current median: $1,329,500 (2022) Previous median: $970,000 (2021)

# Sold properties (2022) Based on recorded house sales in 2022

203. Suburb sales statistics Corinda top 20 sales Street Address

Sale Price

Sale Date

39 Richmond Street

$5,100,000

2 January 2020

246 Dewar Terrace

$4,200,000

18 September 2020

207 Dewar Terrace

$3,600,000

9 April 2019

181 Dewar Terrace

$3,250,000

21 November 2015

227 Dewar Terrace

$3,000,000

9 November 2019

42 Hilda Street

$2,940,000

17 November 2016

65 Consort Street

$2,860,000

29 October 2022

140 Cliveden Avenue

$2,850,500

17 July 2021

33 Spencer Street

$2,800,000

10 January 2023

239 Dewar Terrace

$2,785,000

31 July 2022

90 Hilda Street

$2,700,000

9 November 2022

137 Hilda Street

$2,650,000

2 June 2016

219 Dewar Terrace

$2,500,000

12 February 2015

69 Donaldson Street

$2,415,000

14 February 2023

186 Dewar Terrace

$2,250,000

26 February 2013

94 Lynne Grove Avenue

$2,250,000

17 July 2022

102 Martindale Street

$2,225,000

13 July 2022

189 Dewar Terrace

$2,200,000

18 September 2013

44 Ruthven Street

$2,200,000

27 April 2018

225 Dewar Terrace

$2,170,000

30 April 2021

204. Corinda median house price

150

2021

Sale year (calendar) Source: Pricefinder, 2023

Corinda peak selling periods

11 10 Median number of sales

9 8 7 6 5 4 3 2 1 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Month (2022) Source: Pricefinder, 2023

Aug

Sep

Oct

Nov

Dec

2022 2023

2019

2020

100

2017

2018

200

2015

2016

300

2014

2012

400

2013

2011

500

2010

2009

600

2007

2008

700

2006

2005

800

2003

2004

900

2001

100

2002

1,000

2000

110

1999

1,100

1997

120

1998

1,200

1995

130

1996

1,300

1993

140

1994

1,400

Number of sales

Median sale price ($k)

1,500

205. Corinda sales (houses) Year

# Sales

Median

Growth

Low

2004

$410,000

0.0% 

$226,000

$1,242,500

2005

$397,000

-3.2% q

$220,000

$1,950,000

2006

$405,250

2.1% 

$265,000

$1,125,000

2007

$514,000

26.8% 

$243,000

$3,000,000

2008

$561,000

9.1% 

$365,000

$2,900,000

2009

$590,000

5.2% 

$350,000

$1,800,000

2010

$590,000

0.0% 

$330,000

$1,775,000

2011

$601,500

1.9% 

$250,000

$1,600,000

2012

$572,500

-4.8% q

$335,000

$2,160,000

2013

$562,500

-1.7% q

$360,000

$2,250,000

2014

$630,000

12.0% 

$370,000

$1,700,000

2015

$680,000

7.9% 

$415,000

$3,250,000

2016

$730,000

7.4% 

$300,333

$2,940,000

2017

$745,000

2.1% 

$480,000

$1,850,000

2018

$757,625

1.7% 

$425,000

$2,200,000

2019

$830,000

9.6% 

$448,000

$3,600,000

2020

$896,750

8.0% 

$360,000

$5,100,000

2021

$970,000

8.2% 

$520,000

$2,850,500

2022

$1,329,500

37.1% 

$375,000

$2,860,000

2023

$1,110,000

16.5% 

$870,000

$2,415,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

206. Corinda home loan repayments (monthly)

220 200 180 Number of people

160 140 120 100 80 60 40 20

0+ 00

2, 02,

1,8

99 00

-2

-1 , 7 00 1 ,4

-1 , 3 00 1 ,0

9 0-

9 59 0-

Monthly loan repayments ($)

Source: Pricefinder, 2023

Corinda rent payments (weekly)

160

Number of people

140 120 100 80 60 40 20

Weekly rent payments ($)

Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

9 019 15

9 014 10

-9 75

207.

208. Corinda family composition

191 (12%)

24 (2%)

576 (37%)

Family composition (2021)

760 (49%)

Couple with no children Couples (all) One parent (all) Other family

Source: Pricefinder, 2023

Corinda dwelling structure

473 (23%) 0 (0%) 1,419 (69%)

Dwelling structure (2021)

0 (0%) 174 (8%) Flat Not stated Other Semi/terrace Separate house

Source: Pricefinder, 2023

209. Corinda home ownership

59 12 (3%) (1%)

740 (36%)

579 (28%)

Home ownership (2021) Rented Fully owned Purchasing Other tenure type Not stated

673 (33%)

Source: Pricefinder, 2023

Corinda non-school qualification

373 (21%)

89 (5%)

498 (28%)

Non-school qualification: level of education (2021) 187 (10%) 485 (27%) 119 (7%)

Source: Pricefinder, 2023

42 (2%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

210. Corinda occupation

204 (8%) 187 (8%)

347 (14%)

221 (9%) 43 (2%)

Occupation (2021)

136 (6%) 63 (3%)

900 (37%)

342 (14%)

Source: Pricefinder, 2023

Corinda employment

150 73 (4%) (2%)

860 (21%) 1,495 (37%)

Employment (2021)

1,206 (30%) 249 (6%)

Source: Pricefinder, 2023

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

211. Corinda's method of travel to work

24 37 43 (2%) (1%) (2%)

115 (5%)

47 (2%) 87 (4%) 130 (5%)

1,332 (55%)

242 (10%)

Car (driver) Train Did not go to work Worked at home Car (pas.) Walked only Bicycle Train & bus Train & car (driver) Other categories

Method of travel to work (2021)

373 (15%)

Source: Pricefinder, 2023

Corinda price range segments

16 15 14 13 12 Number of sales

11 10 9 8 7 6 5 4 3 2

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

212.

412 sqm block

Property spotlight 188 Cliveden Avenue, Corinda When we decided to sell our home, we knew our experience and the outcome would be largely determined by the quality of the agent. Alex and Georgia filled us with confidence from the first meeting and we couldn’t have been happier with the overall process. The strategy that Alex recommended combined with his superb negotiation skills ended up giving us the outcome we wanted. Without question, Alex will be the first person we contact the next time we are looking to sell!

/ Damien and Julianne

213.

214.

As a result of his careful advice over this time, his willingness to bide time and his final decision on the timing of the sale, we sold our land for significantly more than we had originally anticipated. / Jane & Marion Woods

215.

Chapel Hill

217.

Chapel Hill at a glance

Chapel Hill started out as a mostly rural area, including dairying, pig farming, and fruit and vegetable production. In the 1950s there was a large subdivision of land that started the residential boom and is still popular with savvy buyers today. The suburb is only eight kilometres from the Brisbane CBD but has the Mt Coot-tha reserve and walking tracks on its doorstep. There are a good variety of paths to explore, and these are popular with mountain bikers and bush walkers on the weekends. With a diverse selection of housing, including solid, large brick homes, Chapel Hill is a popular spot for families, retirees, and people who love the country with the convenience of the city.

218. Chapel Hill snapshot

$1.3m Median sale price (2022)

Based on 172 recorded house sales in 2022

14.5% Suburb growth (2022)

Current median: $1,300,000 (2022) Previous median: $1,135,000 (2021)

172 # Sold properties (2022)

Based on recorded house sales in 2022

219. Suburb sales statistics Chapel Hill top 20 sales Street Address

Sale Price

Sale Date

59 Moordale Street

$5,900,000

20 June 2022

71 Tristania Road

$3,900,000

17 October 2017

54A Tristania Road

$3,825,000

12 February 2022

47 Tristania Road

$3,600,000

26 October 2014

202 Chapel Hill Road

$3,205,000

18 September 2021

45 Tristania Road

$2,900,000

26 March 2019

21 Rupicola Place

$2,580,000

11 October 2022

17 Bina Street

$2,450,000

29 January 2022

89A Tristania Road

$2,400,000

17 October 2022

7 Kirkdale Road

$2,310,000

11 December 2016

33 Mukurta Street

$2,310,000

7 May 2022

174 Chapel Hill Road

$2,255,000

8 September 2019

65 Tristania Road

$2,250,000

3 March 2019

68 Tristania Road

$2,250,000

24 November 2020

86 Tristania Road

$2,200,000

18 July 2017

4 Lambeth Place

$2,090,000

9 October 2021

52 Tristania Road

$2,025,000

12 January 2020

25 Ngeringa Crescent

$2,020,000

24 September 2022

19 Amberelle Place

$1,940,000

4 November 2022

387 Bielby Road

$1,920,000

16 November 2022

They negotiated a sale very effectively and in a matter of a few days. / Brem & Rose Hill

220. Chapel Hill home loan repayments (monthly)

500 450

Number of people

400 350 300 250 200 150 100 50

0+ 00

2, 02,

1,8

99 ,3 -2 00

-1 , 7

99 -1 , 3 1 ,0

080

1 ,4

9 99

9 0-

9 59 0-

Monthly loan repayments ($) Source: Pricefinder, 2023

Chapel Hill rent payments (weekly)

260 240 220

Number of people

200 180 160 140 120 100 80 60 40 20

Weekly rent payments ($) Source: Pricefinder, 2023

0+ 50

9 45

9 35

9 34 527

27 4 522

4 20

9 019 15

9 014 10

9 -9 75

221. Chapel Hill sales (houses) Year

# Sales

Median

Growth

Low

2005

181

$456,000

0.0% 

$150,000

$1,780,000

2006

185

$509,000

11.6% 

$270,000

$1,340,000

2007

215

$582,500

14.4% 

$350,000

$1,600,000

2008

161

$600,000

3.0% 

$320,000

$2,100,000

2009

177

$624,000

4.0% 

$380,000

$1,260,000

2010

137

$685,000

9.8% 

$280,000

$1,982,500

2011

135

$620,000

-9.5% q

$370,000

$2,250,000

2012

129

$603,830

-2.6% q

$330,000

$1,800,000

2013

150

$652,500

8.1% 

$405,000

$1,700,000

2014

170

$686,000

5.1% 

$300,000

$3,600,000

2015

194

$736,000

7.3% 

$365,000

$2,585,000

2016

177

$765,000

3.9% 

$390,000

$2,310,000

2017

166

$790,000

3.3% 

$440,000

$3,900,000

2018

141

$820,000

3.8% 

$408,000

$1,900,000

2019

140

$815,000

-0.6% q

$425,000

$2,900,000

2020

128

$878,000

7.7% 

$435,000

$2,250,000

2021

159

$1,135,000

29.3% 

$540,000

$3,205,000

2022

156

$1,313,000

15.7% 

$420,000

$5,900,000

2023

$1,178,000

-9.4% q

$730,000

$2,027,000

Source: Pricefinder, 2023

High

*Stats as of August 2023

222. Chapel Hill median house price

1,400

320

1,300

300 280

1,200

260 240

1,000

220

900

200

800

180

700

160

600

140 120

500

100

400

300

Sale year (calendar)

Source: Pricefinder, 2023

2021

2022 2023

2019

2020

2018

2017

2015

2016

2013

2014

2011

2012

2010

2009

2007

2008

2005

2006

2003

2004

2001

2002

1999

2000

1997

1998

1995

1996

1993

100

1994

200

Number of sales

Median sale price ($k)

1,100

223.

Property spotlight

7 6 4

7 Kirkdale Road, Chapel Hill

Bedroom

In total, we met with 9 agents and selected McGrath as we believed their corporate structure would provide a greater arsenal than local agents. We were impressed by the quality of the marketing campaign Alex managed.

Bathroom

Ultimately, our property sold within 3 months, which was half the time we anticipated. Alex achieved a record price for the street and for the suburb for the year.

/ Madonna & Marcus

Car space

224. Chapel Hill peak selling periods

24 22

Median number of sales

20 18 16 14 12 10 8 6 4 2 0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Month (2022)

Source: Pricefinder, 2023

Chapel Hill price range segments

55 50 45 Number of sales

40 35 30 25 20 15 10

Source: Pricefinder, 2023

m >3

-3

m 5m 2.

-2 2m

-2

m m 1. 2

Price range segments ($)

1.5

-1 . 5

m -1 . 2 1m

0K -1 m

0K -9

K 0K -8

00 70

K 00 60

0K -7

K 00 50

0K -6

K 00 40

0K -5

K 0K -4 30

225. Chapel Hill family composition

285 (9%)

31 (1%)

1,075 (35%)

Family composition (2021)

Couple with no children Couples (all) One parent (all) Other family

1,671 (55%)

Source: Pricefinder, 2023

Chapel Hill dwelling structure

11 (0%) 4 (0%) 0 (0%) 69 (2%)

Dwelling structure (2021)

3,451 (98%)

Source: Pricefinder, 2023

Flat Not stated Other Semi/terrace Separate house

226. Chapel Hill home ownership

482 (14%)

40 19 (1%) (1%)

1,503 (43%)

Home ownership (2021) Fully owned Purchasing Rented Other tenure type Not stated

1,490 (42%)

Source: Pricefinder, 2023

Chapel Hill non-school qualification

766 (22%)

Non-school qualification: level of education (2021)

165 (5%)

959 (28%)

Source: Pricefinder, 2023

1,090 (32%)

159 (5%)

75 210 (2%) (6%)

Infants/ primary Not stated Other Pre-school Secondary education Technical/ further University

227. Chapel Hill occupation

420 (9%)

301 (6%)

601 (12%) 387 (8%)

198 (4%) 60 (1%)

Occupation (2021)

767 (16%)

2,119 (43%)

67 (1%) Clerical and administrative workers Community and personal service workers Inadequately described/ not stated Labourers Machinery operators and drivers Managers Professionals Sales workers Technicians and trade workers

Source: Pricefinder, 2023

Chapel Hill employment

355 157 (4%) (2%)

1,806 (22%)

2,904 (36%)

Employment (2021)

2,584 (32%)

Source: Pricefinder, 2023

292 (4%)

Employed: away from work Full-time Labour force status not stated Not in the labour force Part-time Unemployed

228. Property spotlight 112 Ironbark Road, Chapel Hill We were a bit apprehensive about selling our home of 14 years, as our previous experience with selling houses had been somewhat stressful. We decided to entrust Alex and Nathan based on our recent experience dealing with them as buyers, where we had been really impressed by their professionalism. It proved to be the right decision, and we are extremely pleased with the outcome. Their advice was excellent; they were a pleasure to work with; and they negotiated a sale very effectively and in a matter of a few days. We have absolutely no hesitation in recommending them. They form a truly standout team and definitely deserve their exceptional reputation.

/ Brem & Rose Hill

5 3 2

Bedroom

Bathroom

Car space

229.

230. Chapel Hill's method of travel to work

85 (2%) 153 (3%)

58 80 (1%) (2%)

295 (6%) 2,783 (57%)

219 (4%)

309 (6%)

Method of travel to work (2021)

407 (8%)

530 (11%)

Source: Pricefinder, 2023

Car (driver) Did not go to work Worked at home Bus Car (pas.) Bicycle Train Train & car (driver) Motobike/ scooter Other categories

We Love Local

233. Bottellon Tapas & Wine Bar, Graceville How long have you owned your own business? I have now been trading for two years. What is the best thing about the area? It has a strong sense of community. What do you love most about Chelmer/Graceville? I have lived in the area since 2000, and it has come a long way! I went to St Aidan's and loved it. When we first moved in, there were only a handful of shops in the area. It’s been really cool to watch the area grow. What was your first job? My first job was at the fruit shop across the road from Woolworths in Sherwood. I would catch the train there from school most afternoons. It’s no longer there, but it is a very fond memory. I also babysat a lot of local kids. Most have finished school now. What is your favourite childhood memory? Moving into our house on Longman Terrace. It was a beautiful home, and we loved spending days down by the river or in the pool.

/ Maddison Walker, owner

What is your favourite meal? Dad's spaghetti bolognese (or if I’m getting takeout, definitely Thai – Siam Sunset in particular). If you had one piece of advice, what would it be? Make a million lists and use a calendar/diary – being organised is the only way to be confidently successful. Who do you most admire? My parents – they have been through it all when it comes to business. They are the strongest people I know and have taught me so many valuable lessons when it comes to my business.

If you could have dinner with three people, who would they be? Three eligible bachelors. Describe your dream home My dream home would be a onestory house centred around the living area and kitchen. Big open plan down into an entertaining area and pool. High ceilings and lots of glass let all the natural light in. I would love a really big kitchen and an underground cellar. The house would be made for entertaining friends & family with delicious food and wine – all my favourite things!

234. St Peters Lutheran College, Indooroopilly

/ St Peters Lutheran College

At St Peters Lutheran College Indooroopilly, we aim to challenge minds, nurture hearts, and build strong futures for all our students. We are a co-educational day and boarding school that provides a quality, holistic education in a caring environment underpinned by strong Christian values. Since its establishment in 1945, our College has grown and extended around the historical building of Ross Roy and now provides quality education to over 2000 students. From Prep to Year 12, each child learns and develops through innovative curriculum and teaching. Our motto, Plus Ultra, means ‘ever higher’ and we encourage our students to strive ever higher to be life-long learners and critical, creative thinkers. Located on 52 leafy acres in Brisbane’s inner west, St Peters students enjoy world-class teaching, music, and sporting facilities and have access to a range of co and extra-curricular activities and service-learning opportunities, all of which contribute to a well-rounded education. The teaching staff deliver engaging and immersive classes for students, preparing them for a variety of career pathways. With a strong digital focus on using new technologies in the classroom combined with an academic focus, St Peters students will be prepared for an ever-changing modern world. Our pathways, such as the International Baccalaureate Diploma Program (IBDP) or the Australian Tertiary Admission Rank (ATAR), will help develop inquiring students who are motivated to succeed, while our vocational programmes prepare our students for a world of work.

235. Within the College grounds, we have a new Centre for Learning and Innovation, a Gymnasium/Health and Wellbeing Centre, a Performing Arts Centre, art studios, a Technology & Hospitality Centre, a Chapel, 50m and 25m swimming pools, tennis courts, netball and basketball courts, cricket nets, and several sports fields. The Sub-Schools – Primary Years (Prep – Year 6), Junior High (Years 7 – 9), and Senior School (Years 10 – 12) while separate from each other, provide seamless integration between the years and establish a nurturing Christian community. St Peters Lutheran College offers a comprehensive co-curricular Sports program and provides equipment and coaching for over 25 sports. St Peters is a member of the Queensland Girls Secondary Schools Sports Association (QGSSSA) and Associated Independent Colleges (AIC), and students also participate in inter-Lutheran school competitions and various sport-specific events, cups, and carnivals throughout the year. Music is an integral part of student life at St Peters, and our College is recognised for having one of the most outstanding music programs in Australia. Over 500 music lessons are scheduled each week during the term, and students can audition for choirs, bands, and string ensembles as well as have the opportunity to tour nationally and internationally throughout the year. Our Performing Arts Centre (PAC) provides an artistic and cultural hub for College students and the wider community. Other cocurricular activities offered at St Peters include Ironbark – our iconic Outdoor Education Program; Future Problem Solving; and our Digital program which comprises robotics, eSports, drones, and coding and helps students gain valuable experience in problem solving and collaboration. St Peters students are also given opportunities for personal development, such as the internationally acclaimed Duke of Edinburgh Award and participating in a myriad of Service Learning projects. For over 75 years, St Peters has served as a home away from home for rural, regional, interstate, and international students. Today, around 120 students form the tight-knit boarding community, a multicultural family that embraces diversity and cultural exchange. With boarding houses for boys and girls from Years 6 – 12, residential staff provides support, stability, and enrichment within a secure environment. St Peters’ prime inner-city location affords Boarders the space they need for focused learning and cocurricular activities during the week and a taste of ‘city living’ when they explore further afield on weekends. South Bank, Mount Coot-tha, and Brisbane’s CBD are all minutes away by public transport. St Peters Lutheran College is also within walking distance of Indooroopilly Shopping Centre, a major regional centre complete with cinemas. Nearby public transport includes frequent trains and buses – all within a 10-minute walk to the College. St Peters Lutheran College Indooroopilly opens the door to vast educational, social, sporting, and cultural opportunities. At St Peters we want our students to have the courage to seek new horizons and the compassion to make a difference in a rapidly changing world. This is a place where every child can learn every day.

236. Staverton Kindergarten, Chelmer Staverton Kindergarten is a not-for-profit community kindergarten located in the beautiful suburb of Chelmer. The Lady Gowrie affiliated kindy was established in 1944 and has built a strong reputation within the community for its high-quality, play-based educational program for 3–5-year-olds. Staverton is rated Exceeding across all seven National Quality Areas and is rated ‘EXCEEDING’ overall by ACECQA. It is renowned for its long-standing staff, who have years of experience working in the early childhood field. At Staverton, your child would have the same teacher and educator for their sessional program, and if they were to then attend After Kindy Hours Care the same staff would be there. This helps to create familiarity and connection.

Staverton is very proud of their community, which goes beyond their current families. The kindergarten has strong ties to the local community and actively works to continue to foster and expand these relationships by engaging with local businesses in the area. Throughout the year, they hold social events that are open to families as well as the wider community. These include the popular Staverton Series, an information session for parents on important topics such as anxiety in children and speech development. Staverton Kindergarten welcomes you to attend one of their events held throughout the year, follow their Facebook page, or subscribe to their newsletter to find out what’s happening. It’s a great way to become involved prior to or after your child’s attending year or to simply stay involved between attending children.

/ Staverton Kindergarten

237.

/ Brendon Jooste, owner

P.E. Department, Chelmer How long have you owned your business?

What is your favourite meal?

I have been a personal trainer for 15 years and started the P.E. Department on the corner of Queenscroft Street and Oxley Road in 2019.

I love going out for breakfast on the weekend; eggs benedict with salmon, or a granola bowl.

What is the best thing about the area? PE Department and Brew Moon, of course. What do you love most about Chelmer/ Graceville? Did you grow up here? Do you live in the area? I love the community feel and small village lifestyle in the heart of Brisbane. I moved to Australia from South Africa when I was 12 and grew up in the Western Suburbs, but now I live on Graceville Avenue with my wife and three sons.

If you had one piece of advice, what would it be? Balance your family and work lives. My family is the most important thing to me, and I revolve my business around them, not the other way around. At the end of the day, it’s the people in your life that matter, not things. If you could have dinner with three people, who would they be? My brother, who lives in Germany; my godmother, who lives in England; and my grandmother, who lives in South Africa.

What was your first job? I worked at the Brookfield General Store on weekends when I was 13. What is your favourite childhood memory? Playing cricket in the cul-de-sac with all the neighbourhood kids.

Describe your dream home My dream home would feel like walking into an oasis and leaving the world behind at the garage door. I’d love a really big block of land to play soccer and cricket with my boys each afternoon without losing balls over the fence.

238. Superior Fruit, Graceville

How long have you owned your business? Has been family owned for over 30 years. I have been left to my own devices for the last 5-6 years. What is the best thing about the area? People! The people here are wonderful. We all live here for the same reasons. Did you grow up here? Do you live in the area? I grew up in St Lucia. My parents had a fruit shop and a delicatessen in the Ironside Centre. I attended Ironside State School, as did a couple of my mates from Chelmer. I was still in primary school when we came to the Graceville shop, so I started to hang around and terrorise the neighbourhood more. I couldn’t get away with too much, as obviously everyone knew my Dad, so I got busted for most of true shenanigans

I got up to with the neighbourhood kids. That’s probably one of the best parts of our community – it is a very tight, loving community, and everyone cares for everyone’s kids. We live in Chelmer now with two young boys, and our family is part of the community. It takes a village to raise a child. What was your first job? I had several illegitimate “businesses” throughout my school years. I was a loan shark, and would buy and sell soft drinks and other unhealthy snacks as Tuckshop’s started to lean toward the “healthy” options. I did lots of little things to make my own pocket money, and then, given that my school marks weren’t “up to standard” my father offered me a full-time job at Superior Fruit in 1997. I had to forgo schoolies and start work – I had 12 years of partying I guess anyway.

239.

/ Peter Maniatis, owner

What is your favourite childhood memory? Hard to say, but I just loved the freedom of riding my push bike with and to see all my mates through St Lucia to Chelmer. They seemed like carefree days and less scary times. It was such a safe environment for young kids, and I still believe it is to this day. I am raising my kids here for this reason. What is your favourite meal? Pizza and red wine. If you had one piece of advice, what would it be? Be yourself – and make sure that being yourself means you are honest, grateful, respectful and have integrity and accountability.

Who do you most admire? No one individual really... it’s a tough question. I observe anyone and everyone and take what I can from them in order to better myself, but I am always intrigued by people with large organisations, businesses, etc. that have and accept all the responsibility for the people working for them. If you could have dinner with three people, who would they be? Kerry Packer, John Howard, and my wife, of course. Describe your dream home? Doesn’t need to be flash but I want all the games; like a table tennis table, a pool table, pool, and a big BBQ area, as I’m a bit of a homebody. But it’s the shed I want for all the crappy old cars (and new ones) that I love that will probably wind up getting me divorced.

240.

/ Danielle Tyley, owners

EBI Solutions, Sherwood How long have you owned your business?

If you had one piece of advice, what would it be?

Our business has been established for about 10 years. I set up the business with my father-in-law in 2012. He retired 5 years ago, and I took over the business. I absolutely love what I do and seeing the difference I can make in people’s lives. It is the best decision I have ever made, although hard at times juggling being a mum of 3 daughters and running a business.

I would say to be kind and brave. I tell my daughters this all the time. It is not difficult to be kind; there are people in your life that will not be, but it is important to look beyond words and actions, as there is always a reason why people act the way they do. Always act with kindness. I also tell remind them that life is hard sometimes and that is so important to get out of your comfort zone. To just try. If you put your mind to something and try hard, you can do anything.

What do you love most about Sherwood? I love that we don’t really need to leave the area and can walk to dinner or to meet friends socially for a drink or a movie. I love that we have access to beautiful parks, playgrounds, and walking tracks. I can walk along the river in the mornings to start my day and grab a coffee on the walk back to my office in Sherwood Road after dropping the girls off at school. There are so many beautiful houses and leafy streets. What is your favourite childhood memory? Cooking with my mum on a Sunday afternoon. What is your favourite meal? Anything at Botellon!!! Absolutely amazing food.

If you could have dinner with three people, who would they be? Alison, Peta, and Cristina. Describe your dream home? My dream home would be modern, open plan, and have a huge entertainment area. No renovation required! I am sick of renovating!! Lots of windows and huge doors that open up the house to let the outside in. Plenty of space and light. A large kitchen that opens on to the entertaining area, which also has a fire pit area for winter. A pool for summer and a pool house to relax in with an outdoor kitchen. Large spacious bedrooms with wardrobes, but I still don’t have a built-in wardrobe!! Not much to ask for?!!

241.

/ Eli Rami and Sam Holman, owners

If You Say So Café, St Lucia How long have you owned your business?

What is your favourite childhood memory?

If You Say So has been pouring out the goods since Jan of this year! It’s been a fantastic start to being the new kids on the block.

Cooking with my mum in the kitchen, I still remember her recipes and favourite meals, which I occasionally attempt myself. What is your favourite meal?

What is the best thing about the area?

Homemade hummus.

We love the community. Community is what makes the cafe what it is. We’ve got a great bunch of customers around us.

If you had one piece of advice, what would it be?

What do you love most about St Lucia? Again, the community is amazing. We love meeting the dogs, the local families, and sports teams across the road at Jack Cook Memorial Park. It’s a great vibe. Did you grow up here? Do you live in the area? I was born and grew up in Lebanon. I studied in NY and moved to Australia about 7 years ago. What was your first job? I was the local pizza guy! I love pizza, it was a great job.

Don’t take yourself too seriously. Who do you most admire? My mum. If you could have dinner with three people, who would they be? Joe Rogan, Elon Musk, and Nelson Mandela. Describe your dream home? Anything spacious with plenty of garden space for my dog and best friend Oz and my two daughters to grow up in.

242. Pretty in the City, St Lucia

/ Aoife Hoban, owner

How long have you owned your business?

Did you grow up here? Do you live in the area?

I have owned Pretty in the City for 6 years. I was lucky enough to manage the salon for 1 year prior to taking over ownership in June 2015.

No, I grew up in a town called Maynooth, Co Kildare, Ireland. It is a university town about 20 minutes outside Dublin City. I attended primary and secondary school in Maynooth and studied for my double Diploma in Skin and Beauty in Dublin. Along with being a university town, there are the ruins of a castle in the middle of town from the 12th/13th century. Carton House is located just outside the town. It is a country house that was the home for the Earl and Duke of Kildare. History you don’t appreciate until slightly later in life but very proud of it now.

What is the best thing about the area? The community! They have welcomed me in with open arms. I recently spoke about this on our socials celebrating our 6th business birthday. It’s not easy setting up a business, let alone in a different country. I genuinely feel part of the St Lucia community and am very grateful. The coffee at Briki is OK too, I guess! What do you love most about St Lucia? It is residential and small enough to be familiar but also so close to the city. Its views are pretty spectacular too.

What was your first job? I worked in a high-end clothing Boutique in Kildare, Ireland. My first Beauty job was in Carton House Spa a hotel/golf course just outside Maynooth.

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What is your favourite childhood memory? Getting my first cat! My dad thought I had lost my mind. I would bring him outside under an umbrella when it rained (which was often). Going to GAA games with dad and our camping holidays in France. What is your favourite meal? Depends. In Ireland, Nanny's roast beef dinner or Mum's cranberry meatballs, and in Australia, breakfast had out! If you had one piece of advice, what would it be? Oooh, a hard one. From a business point of view, stay in your own lane, don’t compare yourself to others, and be very clear about your position in your business. Who do you most admire? Honestly, for me, it’s family. My grandmothers are really strong women. Both raised large families, providing for them along with running their own small businesses. That has filtered down through the years to my parents, who have done a pretty good job with us 3 girls. If you could have dinner with three people, who would they be? Michelle Obama, Jurgen Klopp, and Emma Isaacs. FUN! Describe your dream home? My dream home would be by the water, preferably the sea. It would be a house with a LARGE front door and a large open-plan kitchen for entertaining. Ceiling to floor feature window with lots of natural light. 4+ bedrooms for the family to visit, and some grass area for Mr Jasper! If we could squeeze in a wine cellar, I’m sold!

244. Alex Jordan Introduction 1 (2023, February 28). CoreLogic RP Data Daily Home Value Index. Core Logic. Retrieved March 17, 2023, from www.corelogic.com.au/our-data/corelogic-indices

Market Articles – State of the Brisbane property market and a look at what lies ahead 1 (2022, April 1). Core Logic Hedonic Home Value Index: National Media Release. Core Logic. Retrieved October 31, 2022, from www.corelogic.com.au/_ _data/assets/pdf_file/0033/7899/CoreLogic-Home-Value-Index_Apr_2022_FINAL.pdf 2 (2022, September 7). Brisbane Housing Market Update September 2022. National Bank of Australia, Vimeo. Retrieved October 31, 2022, from https://vimeo.com/747168312 3 Core Logic (2022, October 3). Core Logic Hedomic Home Value Index: National Media Release. Retrieved October 31, 2022, from www.corelogic.com.au/_ _data/assets/pdf_file/0013/12442/CoreLogic-home-value-index-Oct-22-FINAL.pdf 4 (2022, October 29). Auction Results. Domain. Retrieved October 31, 2022, from www.domain.com.au/auction-results 5 (n.d.). Brisbane property market data, trends, forecasts. Open Agent. Retrieved October 31, 2022, from www.openagent.com.au/suburbprofiles/brisbane-property-market 6 (n.d.). September 2022 House Price Report. Domain. Retrieved October 31, 2022, from www.domain.com.au/research/house-pricereport/september-2022/#brisbane 7 Duncan, A. (2022, December 6). Interest rate forecast: How high will interest rates go? Retrieved December 6, 2022, from www.canstar.com.au/home-loans/interest-rate-forecast-australia-2022 8 (n.d.) Brisbane property market data, trends, forecasts. Open Agent. Retrieved October 31, 2022, from www.openagent.com.au/suburbprofiles/brisbane-property-market

Market Articles – 2032 Olympics: How will it impact the Brisbane property market 1 Bogaards, R. (2022, March 29). Brisbane Olympic Games 2032: Will the Olympics deliver a net benefit for the Australian community? Parliament of Australia Research Papers 2021-22. Retrieved October 31, 2022, from www.aph.gov.au/About_Parliament/Parliamentary_ Departments/Parliamentary_Library/pubs/rp/rp2122/BrisbaneOlympicGames2032NetBenefitAustralianCommunity 2 (2012, July). The Olympics and Economics 2012. Goldman Sachs. Retrieved October 31, 2022, from www.goldmansachs.com/insights/ archive/archive-pdfs/olympics-and-economics-.pdf 3 Lutton, E. (2018, February 18). Gold Coast house prices soar as the Comm Games deadline looms. Retrieved October 31, 2022, from www.domain.com.au/news/gold-coast-house-prices-soar-as-the-comm-games-deadline-looms-20180218-h0w4mx 4 Dwyer, A. (2021, July 23). Will Queensland’s property prices win gold after the 2032 Olympics? Retrieved October 31, 2022, from www.reiq.com/articles/olympics-property-prices 5 Lutton, E. (2018, February 18). Gold Coast house prices soar as the Comm Games deadline looms. Retrieved October 31, 2022, from www.domain.com.au/news/gold-coast-house-prices-soar-as-the-comm-games-deadline-looms-20180218-h0w4mx 6 (2021, June). Brisbane 2032 Olympic and Paralympic Games: Preliminary economic, social and environmental analysis. KPMG Department of Tourism, Innovation and Sport. Retrieved October 31, 2022, from www.premiers.qld.gov.au/publications/ categories/reports/assets/2032-qld-games-economic-analysis-summary-report-final.pdf 7 Henderson, J. (2022). Precincts of Gold: Colliers 2022 Research Report. Colliers. Retrieved October 31, 2022, from www.colliers.com.au/ download-article?itemId=0eccc6d1-0cca-4dbd-ad29-e452cfefcf1e

Market Articles – How COVID-19 is changing home design 1 Yuko, E. (2020, March 31). How previous pandemics impacted home design. Architectural Digest. Retrieved October 31, 2020, from www.architecturaldigest.com/story/subway-tile-design-in-epidemics 2 (2020, September 16). 5 Home must have features post COVID-19. McGrath. Retrieved October 31, 2022 from www.mcgrath.com.au/ advice/articles/5-home-must-have-features-post-covid-19 3 Makhno, S. (2020, March 25). Life after Coronavirus: how will the pandemic affect our homes? Dezeen. Retrieved October 31, 2022, from www.dezeen.com/2020/03/25/life-after-coronavirus-impact-homes-design-architecture

Market Articles – Impacts of returning expats and opportunities for homeowners 1 Main, A. (2021, April 1). “Very Appealing”: Expats pile into Aussie Property. Westpac. Retrieved October 20, 2022, from www.westpac.com.au/news/making-news/2021/04/very-appealing-expats-pile-into-aussie-property 2 Chancellor, J. (2021, April 30). Returning expats power economic recovery with property purchases. Realstate.com.au. Retrieved October 20, 2022, from www.realestate.com.au/news/returning-expats-power-economic-recovery-with-property-purchases 3 (2020, June 10). Covid-19 sparks expat re-evaluation. Knight Frank Wealth Report. Retrieved October 20, 2022, from www.knightfrank.com/wealthreport/2020-06-10-covid19-sparks-expat-reevaluation 4 Wilkie, D. (2020, June 22). Pandemic stokes Aussie expat interest in prestige property. Australian Property Investor. Retrieved October 20, 2020, from www.apimagazine.com.au/news/article/pandemic-stokes-aussie-expat-interest-in-prestige-property 5 Jennison, M. (2021, August 5). Brisbane property market update July 2021. Smart Property Investment. Retrieved October 20, 2022, from www.smartpropertyinvestment.com.au/research/22994-brisbane-property-market-update-july-2021 6 Scott, R. (2021, January 27). The impact of returning expats on the property market. Retrieved October 20, 2022, from www.reiq.com/articles/returning-expats-property-market 7 Tilley, E. (2020, August 30). Buyers paying millions in cash for Brisbane homes despite COVID. Realestate.com.au. Retrieved October 20, 2022, from www.realestate.com.au/news/buyers-paying-millions-in-cash-for-brisbane-homes-despite-covid

245. 8 (n.d.) What the 2032 Olympic Games means for the Brisbane property market. CoreLogic. Retrieved October 20, 2022, from www.corelogic.com.au/news/what-2032-olympic-games-means-brisbanes-property-market 9 (2021, March 30). Brisbane and Perth have highest growth rates. Australian Bureau of Statistics. Retrieved October 20, 2022, from www.abs.gov.au/media-centre/media-releases/brisbane-and-perth-have-highest-growth-rates

Market Articles – How migration could shape our property markets in and around Brisbane 1 (2022, September 26). Population growth, Queensland, March quarter 2022. Queensland Government Statistician’s Office, The State of Queensland (Queensland Treasury). Retrieved November 14, 2022, from www.qgso.qld.gov.au/issues/3091/population-growth-qld-202203.pdf 2 (2022, November 8). Population movement in Australia. Australian Bureau of Statistics. Retrieved from www.abs.gov.au/articles/ population-movement-australia 3 (n.d.). Overseas migration, Queensland, 2020-21. Queensland Government Statistician’s Office, The State of Queensland (Queensland Treasury), Retrieved November 14, 2022, from www.qgso.qld.gov.au/issues/2971/overseas-migration-qld-2020-21.pdf 4 (n.d.). 2022-23 Budget: Australia’s Future Population. Australian Government the Treasury, Centre for Population. Retrieved November 14, 2022, from https://population.gov.au/sites/population.gov.au/files/2022-04/2022-23_budget_overview.pdf 5 (n.d.). Brisbane 2032 Olympic and Paralympic Games: Preliminary economic, social and environmental analysis. KPMG Department of Tourism, Innovation and Sport. Retrieved October 31, 2022, from www.premiers.qld.gov.au/publications/categories/reports/ assets/2032-qld-games-economic-analysis-summary-report-final.pdf

Market Articles – Stock market’s impacts on consumer confidence and market sentiment 1 (n.d.). Statement on Monetary Policy – August 2022, 4: Inflation. Reserve Bank of Australia. Retrieved October 23, 2022, from www.rba.gov.au/publications/smp/2022/aug/inflation.html 2 (n.d.) US Inflation Rate for August 2022. Ycharts (n.d.). Retrieved October 23, 2022, from https://ycharts.com/indicators/us_inflation_ rate#:~:text=US%20Inflation%20Rate%20is%20at,long%20term%20average%20of%203.27%25 3 Astbury, H. (2021, July 20). How does inflation affect the share market? Savings.com.au. Retrieved October 23, 2022, from www.savings.com.au/savings-accounts/how-does-inflation-affect-the-share-market 4 Montgomery, R. (2021, June 2). Which stocks and sectors are hit by inflation? First Links. Retrieved October 23, 2022, from www.firstlinks.com.au/stocks-sectors-hit-rising-inflation 5 George, D. (2021, August 1). A housing market crash is coming. Here’s how to prepare. The Ascent, A Motley Fool Service. Retrieved October 23, 2022, from www.fool.com/the-ascent/mortgages/articles/a-housing-market-crash-is-coming-heres-how-to-prepare 6 George, D. (2021, August 1). A housing market crash is coming. Here’s how to prepare. The Ascent, A Motley Fool Service. Retrieved October 23, 2022, from www.fool.com/the-ascent/mortgages/articles/a-housing-market-crash-is-coming-heres-how-to-prepare

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Alex Jordan McGrath Estate Agents 195 Given Terrace Paddington QLD 4064 0410 424 749 alexjordan@mcgrath.com.au mcgrath.com.au Alex Jordan – McGrath Estate Agents @alexjordanmcgrathestateagents @alexjordan.mcgrath