2011/20122011/20122011/2012

Movements in Auchenflower Movements in Auchenflower Movements in Auchenflower

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 Auchenflower Report. We hope you enjoy the

information contained within and gain an insight in to the great place that

Auchenflower is to live!

Contents

- Who is Brett Andreassen?

- Comment on the market climate

Houses

- Auchenflower Market Statistics: 3 Year Comparisons

- Auchenflower Market Statistics: 2011 to date

- Residential Sales for 2011 - 2012

Apartments

- Auchenflower Market Statistics: 3 Year Comparisons

- Auchenflower Market Statistics: 2011 to date

- Residential Sales for 2011 - 2012

- Auchenflower’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

unconditional. 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

definitely 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

Auchenflower Market Comparison: 3 Years

How many houses have sold in Auchenflower ?

How many houses are for sale in Auchenflower

today?

What was the highest house sale price in

Auchenflower ?

What was the lowest house sale price in

Auchenflower?

What was the average sale price in Auchenflower?

Which street has had the most sales in

Auchenflower?

What was the average weekly rental amount

for houses in Auchenflower?

*Figures correct as of the 1st June 2012.

2009/10 73

2010/11 29

2011/12 32

1st July 2011 26

As of 1st June 19

2009/10 $3,600,000

2010/11 $2,292,000

2011/12 $1,550,000

2009/10 $511,000

2010/11 $496,000

2011/12 $380,000

2009/10 $891,977

2010/11 $868,472

2011/12 $789,649

2009/10 Thomas St

2010/11 Annie St

2011/12 Payne St

2009/10 $430

2010/11 $480

2011/12 $480

Auchenflower Market Statistics - Houses

Movements in Auchenflower - Doug Disher Real Estate

Auchenflower Market Comparison: 3 Years

How many apartments have sold in Auchenflower ?

How many apartments are for sale in

Auchenflower?

What was the highest apartment sale price in

Auchenflower ?

What was the lowest apartment sale price in

Auchenflower?

What was the average sale price in Auchenflower?

Which street has had the most sales in

Auchenflower?

What was the average weekly rental amount

for apartments in Auchenflower?

*Figures correct as of the 1st June 2012. Figures include townhouses

2009/10 113

2010/11 73

2011/12 35

1st July 2011 40

As of 1st June 24

2009/10 $1,650,000

2010/11 $925,000

2011/12 $750,000

2009/10 $250,500

2010/11 $235,000

2011/12 $273,000

2009/10 $515,010

2010/11 $488,001

2011/12 $394,614

2009/10 Dunmore Tce

2010/11 Dunmore Tce

2011/12 Dunmore Tce

2009/10 $340

2010/11 $385

2011/12 $400

Auchenflower Market Statistics - Apartments

History of Auchenflower

In 1850 James Warner surveyed the first subdivisions for present day Auchenflower. In 1854 the

northern banks of the Brisbane River were subdivided into 12 large estates. From this time rich

citizens built a series of grand homes overlooking the northern banks of the river in what is now

Milton, Auchenflower and Toowong.

In 1880 Sir Thomas McIlwraith purchased the home of a prosperous ironmonger named John

Ward. Sir Thomas named this estate Auchenflower after his great uncle’s farm, Auchenflower, in

Ayrshire, Scotland. The extensive estate, previously part of Milton, became known as

Auchenflower from this time onward.

Auchenflower House was not the only pioneering estate that underlies contemporary

Auchenflower. Other noteworthy properties included: ‘Dunmore’ built in 1854 by businessman

and politician Robert Cribb; ‘ Rathdonnell’ built in 1865 by Randall McDonnell who advocated

the separation of secular and religious education in Queensland. ‘Fairseat’ built by the Gregory

family— Augustus Charles Gregory was appointed Mayor of Toowong around 1875. ‘Drysllwyn’

known later as ‘Raymont Lodge’ built in 1903 by William Davies, a prospector who made his

fortune selling prospecting tools to gold miners. All of these splendid estates were eventually

subdivided into sixteen perch building allotments between 1911 and 1936.

Auchenflower continues to benefit from increasing consumer interest in inner-city properties

and demand for boutique business space. As a result Auchenflower has seen a lot of unit

development particularly along Coronation Drive and nearby streets.

What’s in a Name?

Aldridge St - names and surveyed in the 1899 subdivision of Cribbs Paddock, Milton,

the street was originally surveyed as 1 chain wide. Aldridge as one of the original

holders of a Deed of Grant, in the region.

Birdwood Tce - names to commemorate the wartime service of William Riddell

Birdwood (1861-1951) who, as general Birdwood, was the first commander of the

ANZACs in the Gallipoli campaign.

Burt St - the street was named after the Burt family who lived at the junction of

McIlraith St and then renamed Burt St. Dr Ian Laurence Burt served in WWII and

published papers on the management of severe burns.

Dixon Street - the home of the Dixon family, in the 1880's was situated at the

Coronation Dve end of the street which today bears the family name. Dr Graham Patrick

Dixon (1873-1947) was an eminent Queensland surgeon and a pioneer of modern mili-

tary medicine in Queensland.

Penrose St - formerly River View Terrace, but the name was changed in 1957 as the

views were built out and Brisbane had many Riverview Terraces.

Between Park Rd & Lang Pde Circa 1914

Auchenflower Overhead—Chasely, Lima and Kingsford St to the left

Milton Road circa 1921

View of Edgecliff at the top of Milton Rd

*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.