• Daniel Hooper

Kedron & Surrounding Suburbs Final Weekly Market Update 2020

Weekly Property Wrap Up By Daniel Hooper Of One Percent Property


17th of December 2020

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Hi, this is Daniel from One Percent Property coming to you on Thursday, the 17th of December 2020 with the final weekly market update for the year. What a year it has been. I just wanted to start by saying thank you to everyone who has tuned in over the last 12 months, everyone who has given me feedback, and everyone that I've been involved with over my journey and over the year that has been. It's been a crazy year. It's been a roller coaster, probably the strangest year that any of us will ever see in our lifetime, but I'm really excited to see as we move into 2021, that Brisbane as a whole has done a lot better than basically anywhere else in the world, and that we're really starting to regrow the economy, that property is doing well, that people are employed, and that things are actually going quite well based on what everyone has had to endure over the last 12 months.

So in the last seven days in Queensland, we had 1,693 sales, and we had a 77% auction clearance rate. That is absolutely insane. That doesn't happen at this time of year, on the best years, so for it to happen with everything that's been going on this year, it really, really makes me excited for what's to come in 2021. I think it's going to be a huge year for Brisbane property in 2021.

In the Inner North area, we had 36 sales, which again is a big number for the second last week of really active selling in the property market before the Christmas wind down. A couple of notable sales, three at 18 Fifth Avenue in Kedron. I sold that one myself for $505,000, a little townhouse on the avenues, great location. That one we actually sold in the pre-market phase of my advertising, which is essentially when I go to my database before we take it online. I found someone from the database, we sold it in 24 hours, managed to get the photos done, didn't even manage to get on, so obviously fantastic result. Congratulations to John, my vendor and Megan, my buyer.

8 Friend Street in Everton Park is another one with a fantastic result, $836,000, which it's really great to see Everton Park prices starting to sort of really push up and I think it's going to be an exciting suburb in 2021.

In the news this week, not a lot of new updates, but everything is really positive going into the new year. Obviously, it's been a very, very tough year, and at the start of the year around March, there were some really negative forecasts in the media. That's all been turned around. It's looking really positive. As a country, we persevered, we pushed through, and we're looking ... And we set ourself up really to move into 2021 and have a fantastic year.

One thing I noticed this week is that as a country, we have knocked $8 billion of credit card debt off in 2021. Now what that ... Obviously, people were forced to do that because things were tight, people didn't know what's happening, got to pay down the credit card, get rid of that interest, because we can't afford to waste money like we could a year ago.

But what that means is when people ... As the economy now is regenerating, the economy is now revitalized, people are getting their jobs back, people are earning more again, suddenly there's going to be more expendable income because we're not paying all that interest that we were paying a year ago, which is obviously great for the economy, it's great for property, and it's really just great for people as a whole in Australia and in our beautiful city in Brisbane.

So obviously, going into 2021, it's really quite exciting. I think Brisbane and certainly our Inner North suburbs around Kedron and the surrounding area are poised to achieve somewhere between 6% and 12% property growth, so it's a fantastic time to be a homeowner and it's also a great time to be a seller because buyers are buying quickly, properties are moving hands quickly, and they're getting fantastic prices. So all really, really positive things as we look towards 2021.

At One Percent Property this week, as I mentioned before, 3/18 Fifth Avenue sold and settled off market sale or pre-market sale. A fantastic result, congratulations to John and Megan in that one. Five at 54 Sixth Avenue, also in Kedron, that settles tomorrow. That one we sold in seven days, contract fell through, had another contract on it the same day about six hours later, and that is now settling tomorrow. So congratulations to my vendor, Gabby, and my buyer, John.

In the coming year, lots and lots of exciting stuff as well. We've got a beautiful house coming in Kedron, we've got a beautiful house coming in Stafford Heights, couple of apartments, lots and lots of really exciting properties. So if you are looking for property in the Inner North, please feel free to give me a call at any time and I'll let you know what is coming up, 0424-585-391.

Finally, I just wanted to say thank you to everyone. Thank you to everyone that's been involved in my journey. It's been a crazy year. I feel so grateful to be able to work in such a great community, such a fantastic part of this incredible country. If anyone has any questions or any issues over the Christmas period, I will be available at all times, I'm working through, which is something that obviously, I've chosen to do. I'll be taking a little bit of time off with the family, but I will be available for any pressing and urgent issues. Please don't hesitate to give me a call at any time. Otherwise I hope you've had a fantastic week. I hope the rest of the week is even better, and I really wish everyone in our beautiful community a Merry Christmas, a happy new year, and I hope that 2021 is the best year yet.

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