ASHGROVE QUARTERLY PROPERTY REPORT
Warm regards, Brigette Righton Brigette Righton Director 0407 880 006 brigette@rightonproperty.co The Brisbane property market has now clearly moved into the recovery phase of the property cycle with 7 month-on-month increases in median property prices. Values are up 6.2% since bottoming out in February this year and house prices were up 1.3% in September. The city looks poised to end 2023 with an 8% increase in home prices. Compared to the previous year, Brisbane’s housing stock remains very low. Limited choice has led to strong buyer competition and solid selling conditions, leading to a surprisingly robust winter period for real estate transactions. More buyers are competing for quality inner and middle ring homes, compared to properties located within the outer ring. Brisbane’s median house value sitting at just 63% of Sydney’s suggests a powerful blend of growth and affordability, making the city an increasingly attractive option for investors. Our great lifestyle will keep attracting both interstate and overseas migration. If you’re considering selling your home, speaking to a top local agent is one of the best ways to get a thorough understanding of how buyers are behaving in your suburb. At the very least, it’s helpful to hear what demand is currently like for homes like yours, and to get a no-obligation appraisal of what your home might sell for in the current market. We know the market like the back of our hands and would be delighted to help you along the journey. MARKET UPDATE
TOP FOUR TIPS FOR PREPARING TO SELL These are the top four things you can do that provide you with the best possible return on time and money invested: PAINTING You should paint any scruffy bathroom ceilings and any hallways and rooms if the existing colours are very dark. Go for a light, neutral colour. Paint your front door to improve a buyer’s first impression with a bold, glossy colour that fits the exterior colour scheme of your property. Re-staining wooden decks can also be a fairly simple job without too much prep work involved, and make a big difference to the overall appeal of your home. GARDENING You want your garden to appear as low maintenance as possible, and a well maintained section gives buyers confidence that you have taken care of your property. Make sure any trees and hedges are not coming into contact with the house itself. Ensure paths are clear from overhanging branches of leaves and trim anything that is blocking light! Be ruthless. Mulch can be your best friend to provide attractive ground cover over bland areas once you have cleared out the weeds. WASHING & CLEANING Sometimes all that is required to make a big difference to the presentation of your property is a good, thorough house wash. Done professionally, it can cost a bit more than you might think but it’s worth every penny. Be sure to also wash gutters, paths and driveways too. Clean the interior as if your mother-in-law is coming to stay. Buyers will poke around and inspect every nook and cranny. Clean all those surfaces you don’t normally bother with - like the top of the range hood, inside your pantry, behind toilets, in high corners and inside wardrobes. Dryclean drapes if you have them: buyers love looking behind curtains to see if they can find spots of mould (and owners always forget to look there). DE-CLUTTERING Firstly, take out everything you absolutely don’t need for daily life. Now take out some more. The more you take out of a room, the bigger it will feel to a prospective buyer. Leave prints and paintings on the wall but clear any surfaces like the tops of bookcases, windowsills, the front of your fridge, the entire kitchen bench, dining table, desks etc. Note, as long as buyers can walk into your garage and see how big it is, it’s ok to store some boxes and furniture in it. A garage is a garage for most people.
RECENT SALES IN ASHGROVE 19 WAHROONGA ROAD, ASHGROVE SOLD $3,100,000 48 WOONGA DRIVE, ASHGROVE SOLD $2,295,000 50 GIRRAWEEN GROVE, ASHGROVE SOLD $2,650,000 20 BETH EDEN TERRACE, ASHGROVE SOLD $1,685,000 32 KILLAWARRA ROAD, ASHGROVE SOLD $2,600,000
11 HARDING STREET, ASHGROVE SOLD $1,788,119 4 MATLOCK STREET, ASHGROVE SOLD $2,300,000 30 JALOON STREET, ASHGROVE SOLD $3,520,000 31 OLEANDER DRIVE, ASHGROVE SOLD $1,830,000 382B WATERWORKS ROAD, ASHGROVE SOLD $1,315,000 20 PIDDINGTON STREET, ASHGROVE SOLD $1,875,000 7/119 BUCKINGHAM STREET, ASHGROVE SOLD $2,850,000 99 OLEANDER DRIVE, ASHGROVE SOLD $1,325,000
ASHGROVE FAST FACTS Compared to five years ago, the median sales price for houses in Ashgrove has increased 64.4% which equates to a compound annual growth rate of 10.4%. SALES Lowest $789,000 Median $1,685,000 Highest $3,520,000 HOUSES Lowest $455,000 Median $600,000 Highest $967,000 UNITS LEASE STATISTICS (Rent per week) $570 Median Unit (2 Bed) $690 Median House (3 Bed) MEDIAN HOUSE SALE PRICE 2019 2020 2021 2022 2023 $1.5M 210 $1.3M 140 $1.1M 70 $900K 0 NUMBERS SOLD MEDIAN HOUSE $ HOUSES SOLD LAST QUARTER 35 UNITS SOLD LAST QUARTER 11 HOUSE MEDIAN DAYS ON MARKET 28 Source: CoreLogic RP Data 14 July - 14 October 2023
A WORD FROM OUR CLIENTS ‘TRULY EXCELLENT’ “Integrity, professionalism, hardworking, experts in their field, we could not have chosen a better team nor received the results we had with anyone else. They invest themselves in their clients. It’s a collaboration, not just a transaction. Brigette, Chloe and Amy will always be a part of any of our real estate negotiations.” Caren & Paul Caren & Paul - Sellers of 27 Brisbane Street, Ashgrove ‘JUST THE BEST’ “Brigette and her team were just the best. They were never pushy but listened to what we wanted and only offered advice when specifically asked. She is as firm or friendly as the situation requires. If you are thinking of moving into or out of Ashgrove or surrounding areas, get in touch with Brigette.” Dan Seller of 99 Oleander Drive, Ashgrove ‘KNOWLEDGEABLE AND SUPPORTIVE’ “Brigette and her team demonstrated an excellent knowledge of the real estate market and always responded to our enquiries promptly. They were supportive through every step of the sale and we felt very comfortable with our decision to use them as our agent – Brigette, Amy and Chloe are a great team and genuinely lovely people - we would recommend them to anyone wanting to sell or buy real estate.” Wendy & Geoff Sellers of 111 Royal Parade, Ashgrove ‘EXCEPTIONAL CUSTOMER SERVICE’ “Brigette and her team were great to deal with. Brigette gave us a realistic appraisal and said she expected the house to sell in three weeks. The house sold in two weeks and for a price that met our expectations. I highly recommend Brigette and her team to anyone selling in Ashgrove.” Jessica & Sarah Sellers of 7 Bridge Street, Ashgrove RIGHTON PROPERTY BRIGETTE.RIGHTONPROPERTY
RIGHTON PROPERTY TEAM Righton Property is an experienced team of professionals dedicated to offering exceptional service and the right advice to achieving a premium sales result. We aim to provide a bespoke service and make the process a seamless experience for all parties. Our genuine care of people enables us to strike a balance between satisfying both vendors and buyers; and is a testament to our well-established position in the property market. ‘WITH YOU EVERY STEP OF THE WAY’ RIGHTONPROPERTY.CO AMY MACDONALD 0433 312 170 amy@rightonproperty.co BRIGETTE RIGHTON 0407 880 006 brigette@rightonproperty.co CHLOE MACDONALD 0425 533 090 chloe@rightonproperty.co
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