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An average of 3,250 homes (houses and units) change hands every month in Brisbane and during the past twelve months Brisbane recorded home value growth of 6.7%.

On average it is taking about 48 days to sell a house in Brisbane and 46 days to sell a unit. Compared with a year ago, this is about a week faster and with spring selling season firmly upon us this could easily reduce further again. It is also estimated that sellers are on average discounting their asking price by 6.5% for house and 5.3% for units.

Investment in residential property is around its highest levels since the end of 2003 with investors committing to approximately $10.7billion in housing finance in the twelve months to June 2014. During the financial year we saw the investment property market grow by 23.8% thanks mostly to the potential for strong capital gains and decent recent yields.

Interest rates continue to remain at all times low with the October RBA meeting holding them at 2.5% for the 13th consecutive month. Historically, interest rates are at extremely low levels and if you have a good broker you should be able to pick up a variable mortgage product in the low-mid 4% range with most of the major banks offering 5 year fixed rates slightly higher in the 4.79%-4.95% range.

You only have to look around our area to see that there is a decent amount of construction work at the present. Approvals for new dwellings (both houses and

welcome to my latestST LUCIA REPORT

I am proud and excited to offer you this market snapshot every quarter. During my time in real estate I have

come to appreciate the difference quality information in combination with quality advice can make to a

clients move. As such, I hope that you can appreciate this information as much as some of my clients have

units) were up 20.3% over the past twelve months and it would appear that we are becoming more comfortable with increasing density levels with unit approvals up just over 28%.

If you would like a more thorough report on your property, please contact my team and I as we would be glad to help.

I hope you enjoy the read.

Michael DevlinBrisbane Real Estate0408 44 99 20 michael@brisbanerealestate.com.au

when they were making their decision to sell or to buy.

2010

2011

2012

2013

St Lucia Sales Per Annum

Less then $500,000

$501,000 - $600,000

$601,000 - $750,000

$751,000 - $1,000,000

St Lucia Last 12 Months Sales / Price Range

Approx 10 x transactions =

2014 $1,000,001+

Approx 50 x transactions =

Quarter 2013

HOW many properties SOLD during the period? 32 272HOW many properties are CURRENTLY on the market? 83 N/A

WHAT was the MEDIAN price paid during the period? $683,500 $550,000WHAT was the highest SOLD price during the quarter? $1,619,000 $4,325,000WHAT was the lowest SOLD price during the period? $275,000 $240,000HOW much was the VALUE of all SOLD properties during the period? $23.05million $185.75million

WHICH street saw the MOST sales during the period? Sir Fred Schonell Drive Macquarie Street

recent sales activity for ST LUCIA PROPERTYThe below table and the following page showcase recent sales activity for confirmed residential property sales in St Lucia that were recorded during April, May and June 2014.

Home ownership levels across St Lucia show that just over 42% of households own outright or have a mortgage on their homes. The balance of the marketplace is mostly rented and with an average of 2.5 residents per dwelling. Nearly 57% of all dwellings in St Lucia are units or apartments.

The battle of the sexes is very even across St Lucia with the balance ever so slightly in favour of females with 50.7% of the total population. Just over 52% of St Lucia residents were born in Australia with China (5.6%) and Malaysia (4.9%) at number 2 & 3 respectively.

We are a busy suburb of professionals with a huge 77.4% of residents having at least one tertiary qualification. A diverse and well educated suburb 37.9% of households speak more than one language at home. Other than English, Mandarin is the second most spoken language.

The median weekly income per household is $2,505 for families without children and $3,337 for those with children. With a large number of apartments/units it is not suprising to learn that most residential properties have only two bedrooms.

ABOUT this market report. In compiling this report the author has relied upon information supplied by a number of external sources. 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 the period and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction.

recent sales activity for ST LUCIA PROPERTY

St Lucia6/19 Durham Street$319,000

2 1 1

St Lucia2/55 Armadale Street$375,000191m2

3 2 1

St Lucia1/31 Sisley Street$390,00096m2

2 1 1

St Lucia13/38 Durham Street$413,000

2 2 1

St Lucia2/74 Highland Terrace$418,000

3 1 2

St Lucia3/20 Durham Street$425,000

2 2 2

St Lucia16/182 Carmody Road$435,000

2 2 1

St Lucia6/49 Durham Street$442,000

2 2 1

St Lucia37/300 Sir Fred Schonell Dr $470,000

2 2 3

St Lucia1/19 Depper Street$471,000167m2

2 2 2

St Lucia3/71 Mitre Street$480,00094m2

2 1 1

St Lucia4/99 Macquarie Street$500,000

3 2 2

St Lucia1/62 Carmody Road$540,000231m2

3 2 2

St Lucia7/36 Jerdanefield Road$550,000

3 2 1

St Lucia2/35 Depper Street$550,000154m2

3 2 2

St Lucia56/48 Walcott Street$555,000

2 2 1

St Lucia67/48 Walcott Street$555,000

2 2 1

St Lucia2/154 Carmody Road$580,000165m2

2 2 1

recent sales activity for ST LUCIA PROPERTY

St Lucia2/106 Carmody Road$580,000189m2

3 2 2

St Lucia3/23 Bellevue Terrace$589,000

3 2 2

St Lucia23 Dengate Lane$680,000209m2

3 2 2

St Lucia1/39 Prospect Terrace$680,000123m2

3 2 2

St Lucia4 Boomerang Road$715,000506m2

3 1 1

St Lucia9/157 Gailey Road$819,500178m2

3 2 2

St Lucia1/26 Ryans Road$820,000135m2

3 2 2

St Lucia8/72 Macquarie Street$920,000534m2

2 2 2

St Lucia46 Dell Road$1,140,000405m2

4 3 2

St Lucia44 Dell Road$1,140,000405m2

4 2 2

St Lucia24A Eleventh Avenue$1,220,000405m2

4 3 2

St Lucia433 Swann Road$1,650,000678m2

4 3 2

St Lucia160 Macquarie Street$6,750,0001242m2

3 3 2

the peninsula effectST LUCIALargely regarded as one of Brisbane’s most exclusive and affluent suburbs St Luciahas evolved from somewhat humble beginnings as farming land to the highly

sought after residential enclave that it is today thanks in part to a great location but equally to a varied and diverse mix of property and dwellings.

Originally established as farming land, with a number of sugar plantations, the area was once part of Indooroopilly and was at one stage, albeit for a

short time, also known as Toowong South.

In 1882 an existing sugar plantation, Coldridge Plantation, was purchased by one W Alexander Wilson who renamed it St Lucia Plantation after his birth place in the West Indies. Not long after, the plantation was subdivided and the name St Lucia was passed-on to the subdivision.

Bordered on all three sides by the Brisbane river, the peninsula of St Lucia’s landscape is today clearly dominated by the University of Queensland campus, which has an almost similar influence on the current resident demographic of the area as well.

It was during the late 1920s that the Mayne family provided significant funding allowing for the purchase of a new university site to

replace the existing one in George Street Brisbane.

Over the course of the next ten to fifteen years the campus started to take shape with an art deco inspired styling utilising large amounts of local Helidon sandstone and hard Queensland timbers. But it was not until after the end of the second world war did that the 111 hectare campus started to realise its academic intentions.

Today, the University of Queensland campus continues to develop and so does the residential dwellings that surround it.

With a large number of new builds and large scale renovations taking place each year the suburb of St Lucia continues along a path of gentrification that attracts owner occupiers wanting an exclusive piece

of Brisbane and similarly attracts investors wanting to maximise their capital gains and earnings potential thanks to a strong demand from prospective tenants.

With a number of transport options available, including two CityCat terminals - Guyatt Park and University of Queensland - the suburb remains an easy to get to location a mere 6km from the centre of town.

There is a lot on offer, property wise, in St Lucia and whether you are buying or selling it pays to consult with a local expert to make sure that you are making the best decision for your family, circumstance and lifestyle goals.

To discuss the options available to you in the current market call me today. Michael Devlin 0408 44 99 20

• 4 double bedrooms + office• Master suite including ensuite with free-standing

bath, dual basins and separate dressing room• 2.5 Bathrooms • Gourmet kitchen featuring wrap around 40mm

stone bench tops and walk-in pantry, SMEG applicances, and pendant feature lighting

• 4 defined living areas• French Oak Timber Flooring to the living with quality

carpet to the upper level• Wine Cellar/Storage• Fully ducted and zoned air-conditioning throughout

the home• Alfresco area with Built-in Beef Eater BBQ, stone

bench tops and sink

• Pool with frame less glass fencing and handmade timber seating, storage and pool equipment box

• Water penetration alarm for pool• Led lighting to pool with smart phone control• Double lock up garage• Security system with video intercom• Fully landscaped• Rendered block work and concrete sleeper retaining

walls• Absolute North Facing, Elevated position with tree

top views• Walking distance Ironside State School,

shops and public transport

URBAN LIVING & LIFESTYLE

FOR SALE 108 NINTH AVE, ST LUCIA

MICHAEL DEVLIN0408 44 99 20

25 2.5

*Artists impression

We met Michael by chance at an open home for a house which we were unable to purchase due to timing. To my surprise, Michael contacted me to discuss what our exact requirements were and also made some great suggestions into the area where we were searching for the right property.

Michael was both patient and thorough. He showed us those properties that met our criteria, and was patient enough to spend the time it took for me to feel comfortable making a buying decision. We really appreciated the fact that he wasn't pushy and didn't waste time trying to sell us a property which would not have met our needs and was proactive in seeking out properties which could be suitable for us. By taking into consideration what our requirements were Michael was able to show us a property, which although had been on the market for several months with another agent, was newly listed with Michael and resulted in him selling to us on the same day!

Michael remained focused on what our requirements were while negotiating with the vendor swiftly and reasonably, bringing to the table a deal which all parties were happy with in an incredibly short amount of time. Michael handled everything efficiently and professionally, which was a great relief to us while we were at the same time preparing and arranging to lease our house out and both working full time. He also went above & beyond by being available to be at the property on multiple occasions and ensure that measurements for window coverings could be completed prior to settlement thus ensuring that orders for these could be placed as early as possible. Michael was always available to us for questions on the weekend, during the evenings on the phone and via email which was invaluable to us at the time while still maintaining his patience and good humour throughout the entire process. We can't recommend Michael's style and professionalism highly enough to anyone considering choosing an agent. Paul & Cathy G.

a real perspective: CLIENT FEEDBACKA real estate transation is a big deal and I am privileged to have been able to assist some truly great people make amazing moves. It is particularly rewarding when they tell everyone else about how good their experience was...

“We can’t recommend Michael’s style and professionalism highly enough to anyone considering choosing an agent.”

Michael Devlin0408 44 99 20

michael@brisbanerealestate.com.auSt Lucia · Indooroopilly

A true professional, Michael Devlin is characterised by his energetic and disciplined approach to ensuring a successful outcome for every property he handles.

Michael is the former owner of a successful business based in the Western suburbs. His experience and understanding of consumer behaviours allows him the

freedom to provide tailored advice to clients buying or selling properties. Being able to execute effective marketing campaigns and providing honest, frank advice about current market trends gives

Michael a clear edge when it comes to achieving outstanding sales results.

Michael truly enjoys the competitive nature of real estate and has an innate ability to maximise the value of his clients’ most precious asset, a skilled negotiator and has the ability to exceed his clients’ expectations due to his strong work ethic and determined nature.

Lifestyle key to client successMICHAEL DEVLIN

1300 790 818finance@futurefunding.com.au

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