Kedron and Surrounding Suburbs Weekly Market Update 05.08.22
Kedron and Surrounding Suburbs Weekly Market Update
Weekly Property Wrap Up by Daniel Hooper of One Percent Property
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✅KEDRON, STAFFORD HEIGHTS, EVERTON PARK & SURROUNDING SUBURBS✅
5th of August 2022
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Daniel - 0424 585 391
Hi, this is Daniel Hooper from One Percent Property coming to you on Friday, 5th of August 2022, with your Weekly Property Market Update for Kedron, Gordon Park and the surrounding area.
So this week we had 1,153 sales across Queensland, which is pretty much on par with what we've been seeing over the last few weeks. Auction clearance rate of 33%. Having said that, I'm getting a bit of a better feel in the market at the moment. I feel like there's a bit more positivity, a bit more buyers. I had a lot of properties that were backed up and not selling for a number of weeks and then they've all pretty much just sold in the last fortnight. So, you know, we're definitely getting good offers and we're getting things moving again, which is definitely very positive for homeowners.
In the inner north, we had 33 sales, which again is actually a much higher number than we've been seeing in the last few weeks. A few notable sales:
18 Archer Street, Gordon Park—five-beds and 405 five square meters—renovator sold for 1.475.
72 Roseleigh Street in Kalinga. Kalinga always gets very good prices but three-beds on 640 square meters sold for 2,175,000.
55 White Street in Wavell Heights—five beds on 612 square meters that sold for 1.788 million.
So still some really good price is happening in the area. It's just things are taking a little bit longer to sell. Buyers are a little bit more fussy about what they're buying.
So, in the global or the national and local property market, as far as what's going on in the media and everything else, the, obviously, inflation jumped up to 6.1%, which was announced two weeks ago. The RBA, this week raised the interest rate by 50 basis points, which is basically exactly what everyone was expecting. So, there's no shock there at 1.85% base rate at the moment. Brisbane property prices are down 0.9% in the last 28 days across the board on average, but were still up 22% over the last 12 months. So, when you compare that to, like Sydney and Melbourne, there are less than 1% of the last 12 months. They're, you know, they're dropping quite a lot. But Brisbane is still maintaining a lot of that strength. Certainly from the peak, we're down a couple of percent definitely from that sort of March - April timeframe. As I said at the start, one thing I'm noticing in the market is that I'm feeling there are more buyers around. People are more willing to make offers than they were a couple of weeks ago. Which is, obviously, very, very positive if you're thinking about selling. I think people—the less of the doom and gloom feeling and more of the sort of, you know, we're going to reach a point of equilibrium, which means, obviously, people are still buying, which is, which is very positive.
As far as One Percent, July was a big month for me because it was the largest months I've had in my core area of Kedron. So in July, I sold three properties and I listed four properties in Kedron. Just in Kedron. Now look if you're, if you're a vendor in Kendron, what that means for you is that working with me as your sales agent—I'm talking to more buyers, I'm having more conversations, I'm involved in more properties, which means essentially you're going to get a better result. You know, it doesn't really matter what I did six months ago, what I did 12 months ago, what I did two years ago. But what I'm doing right now is listing and selling more properties in the suburb of Kedron than any other agent. Which means dealing with me as your sales agent will result in a better price and a quicker result for your home.
Now moving on from the shameless, shameless plug of my services looking at what else we have going on.
So, currently, I have 8 properties under contract at the moment. A number of them have already announced their 33—that is, still have conditions, which:
67 Homebush Road in Kedron;
26 Tanimbla Street in Kedron;
54 Bertram Street in Kedron.
I will announce the prices of those next week once they all go unconditional.
Also, currently on the market, we have :
125 Kirby Road in Aspley;
We have 54 Somerset Road in Kedron;
36 Belnoel Street in Wavell Heights,
331 Ellison Road in Geebung launching next week;
1 Mylne Street in Chermside which is a renovated three-bed, one-bath home with a one-bed, one-bath granny flat attached. So, four-beds, two-bath total.
21/66 Gamelin Street, which is a stunning three-bedroom, two-bath apartment. It's in that little pocket of Stafford that is right next to Gordon Park. Underneath Stafford Road to the right of to the east side of Hickey Park and it's right across the road from the Kedron Brook as well. So it's a stunning apartment that will be launching next week.
And then some off market some coming soon, mostly in Kedron. We've got:
3 Achilles Street up to the top of the hill there. It is a beautifully renovated, three-level, four-bedroom home,
32 Figgus Street—development site or big block to build your dream home on and
66 Sixth Avenue as well, right down near the park, stunning property. It's too bad at the moment, but it's a big home. Lots of potential for other development or two. Again, build your dream home three or four doors down from the Kedron Brook.
So lots and lots of opportunities, lots of things happening in the local market.
If you have any questions about any, any of the properties that I've mentioned, your own home or you'd like to get an update on the value of your property, please give me a call: 0424-585-391. Otherwise, have you had a fantastic weekend so far. And I hope I hope you had a fantastic week so far and I hope the weekend is even better.