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The Movements in St Lucia Report for 2011/2012 prepared by REIQ 2012 Salesperson of the Year Finalist Brett Andreassen 0421 723 713 brett@disher.com.au
Citation preview
2011/20122011/20122011/2012
Movements in St Lucia Movements in St Lucia Movements in St Lucia
ReportReportReport
Prepared by:Prepared by:Prepared by:
Brett AndreassenBrett AndreassenBrett Andreassen
0421 723 7130421 723 7130421 723 713
brett@disher.com.aubrett@disher.com.aubrett@disher.com.au
www.disher.com.auwww.disher.com.auwww.disher.com.au
Welcome to the Movements in St Lucia Report. We hope you enjoy the
information contained within and gain an insight in to the great place that
St Lucia is to live!
Contents
- Who is Brett Andreassen?
- Comment on the market climate
Houses
- St Lucia Market Statistics: 3 Year Comparisons
- St Lucia Market Statistics: 2011 to date
- Residential Sales for 2011 - 2012
Apartments
- St Lucia Market Statistics: 3 Year Comparisons
- St Lucia Market Statistics: 2011 to date
- Residential Sales for 2011 - 2012
- St Lucia’s Past and Present
I would like to thank my clients who assisted me in the information to put
this report together.
Brett AndreassenBrett AndreassenBrett Andreassen
0421 723 7130421 723 7130421 723 713
brett@disher.com.aubrett@disher.com.aubrett@disher.com.au
Brett Andreassen - 2012 REIQ Salesperson of the Year - Finalist
Achieving outstanding results is something that comes naturally to Brett Andreassen. He is committed to the
best possible result, every time.
Brett’s process-driven approach to selling has seen him establish a presence in the Inner Western suburbs,
with clients consistently willing to engage Brett’s services, knowing that the sale will be handled with the
highest professional service and attentiveness.
Consistently monitored by other companies, Brett is always refining the sales process to give his clients the
maximum opportunity at achieving the greatest price for their property, proven through the tremendous
success of his “Special Preview Showings” and “Doug Disher Real Estate Quarterly Report”.
From beginning to end and beyond, Brett understands the process of the real estate transaction, focusing on
both the now and tomorrow, so that all clients, past – present – and future, are fully informed of the market
and what to expect, from Brett’s comprehensive market knowledge.
Brett is one of the few agents in Queensland asked to be interviewed on the international real estate audio
program, Hot Topics.
Brett’s results, experience and dedication to his clients, shows that it is no wonder more people trust him to
sell their home.
“There is no shortcut to a great price, we have a process to extract the premium price in the marketplace at all times”
Thank you so much for keeping a cool head when everything seemed to be crashing around our
ears! When we first sat down with you, you gave us a clear, concise plan to get the property sold. In
three weeks, we had a contract that looked smooth. But of course, things went awry. An average
building and pest inspection unearthed some problems and an 'over-enthusiastic' solicitor didn't
help matters. But some cool negotiating by you kept everything together and thankfully we saw un-
conditional. Thank you so much for giving the right advice and seeing the larger picture.
Don MacLean—Market St
A small sample of testimonials
Our property had been on the market for over 4 months with a big name company in Paddington,
without a single offer. We thought that going with a large company would give us more exposure
and get the property sold faster. We found out that this wasn't the case and didn't hear from them
for two weeks! We sought Brett out as he had sold a couple of properties like ours while we were
languishing on the market. Within 2 weeks Brett has secured a buyer, negotiated a good price in
the current market and showed us why dealing with a specialist was well worth the investment.
Thank you for saving us Brett!
Vicki West—Bayliss St
Selling a property is always a stressful time, but when you are in NZ, trying to selling a tenanted
house, you want to make sure that you have an agent that is more than capable. We selected Brett
as our chosen agent after considering going with our managing agent. Although we felt they were
capable of doing the job, we believed Brett had the right strategy to maximize price. And he defi-
nitely proved us right! Communication was a big part of the sale, and we were never left wondering
what was happening, as he let us know via SMS, email and calls. Thank you so much for helping us
out in a very stressful time.
Meagan & Ian Roberts—Camp St
Comment on the Market Climate
The last 12 months can be described simply as a continuation of the 12 months
prior to that. We have not seen the rebound in prices that many people have
been hoping for, and the overall number of sales has dropped in most suburbs.
Many people would deem this to be a buyers market, however, I must disagree.
The drop in the number of sales has been counteracted by the drop in the
average amount of properties on the market throughout the year, as sellers who
were thinking about moving put their plans off or chose to renovate instead of
upgrading. The amount of forced sales, in our area, are lower than what other
areas are experiencing.
External factors are having an impact on the real estate market, particularly
confidence. The start of each month is spent by people commentating on rates,
and will the banks pass on the full amount. In a strange way, we find that when
rates drop, people hold off from making purchasing decisions, but when they
increase, buyers move faster to secure a property.
The change in government at the state level has brought some welcome relief for
the property industry, with the rollback of the unsustainable sustainability
declarations and the reintroduction of the stamp duty concession on the
principle place of residence. This should see some confidence instilled in the
upgrading market, as the savings may push people to take advantage of the
concessions.
Moving forward over the next 12 months, I believe it will be a continuation of the
last 2 years. Until confidence returns to the market, we won't see the massive
increase in prices that we were used to over the last decade. Getting the
marketing and pricing right is critical to not only getting the property sold, but
ensuring you don't undersell the home.
The Inner West is not bulletproof, but when comparing the market we are in to
others in Queensland, we are in a good place. The basic infrastructure is always
going to be there, and the rental market underpinned by the university and our
proximity to the CBD, we know this is one of the best places to live or invest
across Australia.
Brett Andreassen
June 2012
St Lucia Market Comparison: 3 Years
How many houses have sold in St Lucia ?
How many houses are for sale in St Lucia today?
What was the highest house sale price in St Lucia?
What was the lowest house sale price in St Lucia?
What was the average sale price in St Lucia?
Which street has had the most sales in St Lucia?
What was the average weekly rental amount
for houses in St Lucia?
*Figures correct as of the 1st June 2012.
2009/10 67
2010/11 42
2011/12 27
1st July 2011 30
As of 1st June 30
2009/10 $4,775,000
2010/11 $2,350,000
2011/12 $1,900,000
2009/10 $586,500
2010/11 $635,000
2011/12 $585,000
2009/10 $1,127,019
2010/11 $1,102,529
2011/12 $1,047,241
2009/10 Swann Road
2010/11 Ninth Ave
2011/12 Swann Road
2009/10 $490
2010/11 $530
2011/12 $560
St Lucia Market Statistics - Houses
Did you know?
In a recent survey conducted by rebonline.com.au on buyers dislikes, it revealed
that
- 75% of buyers were greatly deterred by properties without a price or
guide.
- 72% of buyers would overlook a property if it didn’t have an address
- 68% of buyers would overlook a property if it was advertised as offers over.
Why would you miss out on most of your market by doing those things?
Movements in Auchenflower - Doug Disher Real Estate
St Lucia Market Comparison: 3 Years
How many apartments have sold in St Lucia ?
How many apartments are for sale in St Lucia?
What was the highest apartment sale price in
St Lucia?
What was the lowest apartment sale price in
St Lucia?
What was the average sale price in St Lucia?
Which street has had the most sales in St Lucia?
What was the average weekly rental amount
for apartments in St Lucia?
*Figures correct as of the 1st June 2012. Figures include townhouses
2009/10 128
2010/11 148
2011/12 64
1st July 2011 63
As of 1st June 52
2009/10 $4,350,000
2010/11 $4,350,000
2011/12 $910,000
2009/10 $340,000
2010/11 $289,000
2011/12 $250,000
2009/10 $597,597
2010/11 $539,322
2011/12 $451,121
2009/10 Durham St
2010/11 Bellevue Tce
2011/12 Carmody Rd
2009/10 $390
2010/11 $410
2011/12 $410
St Lucia Market Statistics - Apartments
History of St Lucia
Farming was begun at St Lucia in the early 1850s, and Darts sugar mill operated there from
1865 until flooding by the Brisbane River in 1893. The Ironside primary school was opened
in 1870.
In 1883 there was an unsuccessful attempt to sell the subdivided St Lucia sugar plantation
estate, named after the Caribbean island of St Lucia where Alexander Wilson was born.
Wilson purchased the sugar plantation and named it after his birthplace in 1882. The area
was considered to be an outlying part of Indooroopilly, and a proposed bridge from
West End in 1885 did not improve its subdivisional potential. Some of the 1880s pre-
University roads are still recognisable: St Lucia Road (Sir Fred Schonell Drive), Carmody
Road, Mill Road, Coronation Drive (Hawken Drive) and the Esplanade.
St Lucia remained a rural district with a few farmhouses. Cairngorm (c1900), a verandahed
Queenslander is in the university grounds and is the Alumni Centre.
In 1926 the Mayne family provided 60,000 pounds for the purchase of a site for a new
university, to replace the Old Government House accommodation in George Street,
Brisbane. In 1927 111 ha west of Mill Road were resumed by the Government, and site
works began about ten years later. About one third of the site, on the northern side
adjoining the Brisbane River, was below the 1893 flood level (and again in 1973). The new
university building, in an Art Deco style, was constructed during 1937-40, to a design by the
architects Hennessy and Hennessy. The dominant material is Helidon sandstone, with other
Queensland stones and timbers for internal fittings. During World War II the building was
used for headquarters for the Allied Land Forces, South West Pacific. Occupation for
academic purposes began in 1946, and by the 1970s many other buildings had been
erected.
What’s In A Name? Sandford Street - Named after Dr Sandford Jackson Medical Superintendent at Brisbane Hospital, private
surgeon, and early cancer specialist lived with his family at Glenolive in the early 1900s.
Guyatt Park - headed by David Guyatt, lived in Sir Fred Schonell Drive and Ryans Road from 1889, and
were well known in Brisbane for their involvement in theatre and the Methodist church over many years.
Carr Street - Named after one of the early farmers, George Carr, who settled the area in 1857.
Carmody Road - In 1857, John Carmody purchased Portion 15: 22 acres at the tip of the peninsula.
Ironside Street - Named to honour Mrs Lydia Matilda Ironside, the wife of the land developer William
Wilson, who named his estate after his place of birth in the West Indies.
Depper Street - Named after Frederick Depper, who lived on the corner of the now Ryans Road and
Depper Street
Picnic on the Riverbank of St Lucia 1908
Circa 1920
*All information contained in this report is gathered from sources we believe reliable.
We have no reason to doubt its accuracy, however, we cannot guarantee it.
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