quarterly property report proudly presented by ben white

place estate agents

2015, QUARTERLY REPORT

HIGHGATE HILL · SOUTH BRISBANE · WEST END

SOLD IN TEN DAYS

60/26 Lower River Terrace South Brisbane

4 BED 4 BATH 4 CAR

ISSUE #8

The only luxury terrace home opportunity in West End

has seen a successful launch with 75% of the

terrace homes already sold in stage 1.

The new Manhattan Terrace Homes in West End will revolutionise inner city living – offering purchaser’s the unique opportunity of an individually titled terrace home in the heart of vibrant West End.

“We don’t see this opportunity presenting itself again – it’s truly one of kind”, said Urban Construct Managing Director Todd Brown.

The high end project is offering luxury terrace homes set to be delivered over two stages. The majority of buyers consist of downsizers looking to seize this very unique offering and make the most of what the local area has to offer.

“The result is an indication of strong demand for premium, end-user focused product close to the CBD.”

The product also boasts a strong investment opportunity with an anticipated 5% yield and great capital growth. Place Estate Agents CEO Damian Hackett, who is marketing Manhattan Terraces, said the design and layout of Manhattan Terraces appealed to discerning buyers – both investors and owner occupiers alike.

“A lot of thought has gone into making these homes stand out from the crowd, and in a market

congested with investor-focused product that approach is really resonating with people,” he said.

“From luxuriously appointed kitchens, secure two car garages and elegant architectural design, buyers can see this will be something special.”

For more information, call or email Ben White today. 0414 647 582 benwhite@eplace.com.au

Welcome to Manhattan Terraces.

Luxurious, individually titled terrace homes in the heart of West End.

There is no doubting that the proposed Queen’s Wharf project will have significant impact on Brisbane. Recent news articles suggest that the integrated resort/casino project will create a jobs boom, with 2,000 new jobs created during the design and construction phase and another 8,000 jobs when it opens.

The almost 9 hectare site, which extends from the Treasury Casino through to Alice Street (QUT Gardens Point campus) along the north bank of the Brisbane River is intended to house some 50 plus restaurants, cafes and bars, a premium retail outlet in the now Treasury Casino, and hotels including a Ritz-Carlton which is intended to be part of a fully refurbished Lands Administration Building. The integrated resort precinct will include a 6-star hotel, a new casino and gaming complex as well as cinemas and event spaces.

In addition to all the glitzy new entertaining and dining spaces there will be several green spaces, grassy knolls, terraces and outdoor areas including a proposed climbing wall, contemporary exercise areas, playing spaces, playgrounds, bike and walk ways, and the Turbal Way Mangrove Walk along the eastern most tip of the site.

As the spotlight starts to shine on Brisbane, with this impactful

Queen’s Wharf development project

shines a light on Brisbane growth.

As the spotlight continues to shine on

Brisbane there is a renewed enthusiasm from interstate and

international interests looking to ‘ride’ the

Queens Wharf fuelled property growth cycle.

change to our city, we are already starting to see enthusiasm from interstate and off-shore developers and investors as they position themselves to ride Brisbane’s growth cycle. Their attention at this early stage appears to be directed mostly on neighbouring areas including South Brisbane, West End and the City centre and all indications are that this improved demand, its subsequent influence on prices, will continue to buoy our residential property market.

Artist impression courtesy of Destination Brisbane Consortium

HIGHGATE HILL SOUTH BRISBANE WEST ENDNumber of properties currently on the market. 41 94 104Number of recorded sales during Winter 2015. 4 24 15Median price during Winter 2015. $ 857,500 $ 590,000 $ 750,000Highest sale price during Winter 2015. $ 1,120,000 $ 8,800,000 $ 1,235,000Lowest sale price during Winter 2015. $ 519,000 $ 170,000 $ 390,000Total sales volume during Winter 2015. $ 3.35 million $ 33.02 million $ 11.024 million

$1,600,000

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

7+70+23+DLast 12 Month’s - Median Price Change Percentage of Sales Volume/Suburb

Apr May Jul AugSep’14 Oct’14 Nov”14 Dec’14 Jan Feb Mar

West End South Brisbane Highgate Hill

23%West End

70%South Brisbane

7%Highgate Hill

Jun

Recent sales statistics at a glance

HIGHGATE HILL SOUTH BRISBANE WEST ENDNumber of properties currently on the market. 41 94 104Number of recorded sales during Winter 2015. 4 24 15Median price during Winter 2015. $ 857,500 $ 590,000 $ 750,000Highest sale price during Winter 2015. $ 1,120,000 $ 8,800,000 $ 1,235,000Lowest sale price during Winter 2015. $ 519,000 $ 170,000 $ 390,000Total sales volume during Winter 2015. $ 3.35 million $ 33.02 million $ 11.024 million

7+70+23+DPercentage of Sales Volume/Suburb Highgate Hill

5/54 High Street$519,000

- - -

Highgate Hill5/26 Paradise Street$715,000217m2

3 2 2

Highgate Hill18/85 Dornoch Terrace$1,000,000197m2

3 2 2

Highgate Hill2/165 Dornoch Terrace$1,120,000134m2

3 2 2

South Brisbane15/20 Montague Road$170,000

1 1 -

South Brisbane101/20 Montague Road$230,000

1 1 1

South Brisbane109/46 Montague Road$250,000

1 1 1

South Brisbane19/21 Edmondstone St$275,000

1 1 1

South Brisbane25/30 Mollison Street$377,50078m2

1 1 1

South Brisbane12/321 Vulture Street$415,000100m2

2 2 1

South Brisbane9/42 Cordelia Street$470,000112m2

2 2 1

South Brisbane39/309 Vulture Street$480,000

2 2 1

South Brisbane302/26 Mollison Street$521,000108m2

2 2 1

South Brisbane503/26 Mollison Street$552,00095m2

2 2 1

South Brisbane605/46-48 Manning Street$585,00092m2

2 2 1

South Brisbane706/46-48 Manning Street$595,00083m2

2 2 -

South BrisbaneManning Street$635,00093m2

2 2 1

South Brisbane2098/9 Edmondstone St$681,000104m2

2 2 2

South Brisbane1801/77 Grey Street$840,00093m2

2 2 1

South Brisbane85 Gloucester Street$1,220,000642m2

1 1 1

South Brisbane224 Vulture Street$3,100,000809m2

1 1 -

South Brisbane220 & 222 Vulture Street$8,800,000Development Site- - -

West End4/15 Archibald Street$390,000506m2

2 1 1

Recent residential property sales

About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external sources including CoreLogic RPdata and various Australian Bureau of Statistics publications. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of the publication by the author. The transactions reported are for settled transactions reported during June, July and August 2015 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Ben White by datachurp

West End14/10 Carlow Street$410,000

2 1 1

West End7/16 Barnsley Street$450,000124m2

2 1 1

West End19/10 Carlow Street$490,000

2 1 1

West End701/9 Kurilpa Street$507,000

2 2 1

Recent residential property sales

West End50/20 Donkin Street$530,000

2 2 2

West End7509/55 Forbes Street$600,000

3 2 1

West End19 Jane Street$750,000372m2

4 3 2

West End1114/45 Duncan Street$782,500

2 2 2

West End2303/45 Duncan Street$867,000

2 2 2

West End64 Thomas Street$893,000334m2

4 1 1

West End57/37 Duncan Street$900,000

2 2 2

West End15 Drake Street$1,020,000458m2

4 3 1

West End94/20 Donkin Street$1,200,000

3 2 2

West End41 Spring Street$1,235,000721m2

4 2 1

21/5 MANNING STREETSOUTH BRISBANESOLD OFF MARKET FOR $1,820,000

4 BED 4 BATH 3 CAR + ROOF TOP POOL

Sold quietly and rented while the new owners ready themselves to return home to Brisbane. If you would like to achieve results like this, then give me a call today. Ben White 0414 647 582

SOLD at Auction with Ben White 0414 647 582

20 LOCHABER STREETDUTTON PARK2+ BED 1 BATH 1 CAR

Selling your home or investment property can be an incredibly exiting experience and it is a privilege to be able to assist our sellers achieve such great results.

I recently had the opportunity to facilitate the sale of 20 Lochaber Street in Dutton Park. Throughout the Auction Campaign there were over 110 inspections and we had 17 registered bidders on the day. The auction started strongly and continued with enthusiasm, selling

under the hammer for $631,000. Putting this result in perspective is the fact that not only did it sell for above our reserve but it sold for $100,000 more than the terrace next door, which had sold just 10 months prior with another agent/agency.

With achievements like these in mind, if you have been contemplating a move or have been considering placing your property on the market, then I would be pleased to assist in providing you with an obligation free appraisal of your property.

I welcome the opportunity to be of assistance, so please call me on 0414 647 582 to arrange an appointment or drop in for a coffee and a chat - Ben White. **20 Lochaber Street is also featured on the front cover**

Place Estate Agents New Farm5/572 Brunswick Street NEW FARM QLD 4005

m 0414 647 582 I e benwhite@eplace.com.au I www.eplace.com.auhttp://www.facebook.com/benwhiteproperty

Australian Real Estate Awards

2014AUSTRALIA’SBEST MAJOR

INDEPENDENTAGENCY

2013AUSTRALIA’SBEST MAJOR

INDEPENDENTAGENCY

Real Estate Institute of QLD

2015REIQ

QUEENSLANDLARGE AGENCY

OF THE YEAR

2014REIQ

QUEENSLANDLARGE AGENCY

OF THE YEAR