SUMMER 2015

2015, MARKET PLACE REPORT FOR

PROUDLY PRESENTED BY PAUL EATON · 0431 599 568 · pauleaton@eplace.com.au

There are always real estate market predictions from so called experts floating around, even more so at this time of year. Many mainstream media reports across the country suggest that the market is starting to cool off, which will continue to be the case in 2016. Various reports are even suggesting there will be a crash.

Almost all of these reports, however, are referring to the Sydney and Melbourne markets which have been booming over the past couple of years. Some reports suggest that Sydney has seen a 23%

growth during that time. Looking at the economic landscape from a common sense point of view, surely this kind of explosion upwards is not sustainable and eventually something has to give.

In Brisbane, and more specifically in Corinda, we have not experienced that same level of growth.

In fact, 2015 saw the local market increase in the order of around 7% across the board which is not only great for home owners, but also more sustainable. The

best way to describe the local market during the back end of this year is ‘humming along nicely’. Unfortunately, we do not have a crystal ball, but our belief is this should remain to be the case in 2016.

Buyer demand should remain high due to continued low interest rates, share market volatility and the fact that Brisbane remains more affordable, which should in turn keep pressure on supply (Corinda tends to be quite tightly held anyway). The first 3 months of the year traditionally sees a significant spike in consumer activity on realestate.com.au.

So if you have had any thoughts on releasing your property, then be sure to give us a call to ensure your property is marketed to make the most of this spike in buyer activity. We will be working over the festive season holiday period so if you require a free market appraisal on your place, or just want some friendly advice, again please contact us. Here’s to 2016!

Paul Eaton0431 599 568 · 07 3379 4311 pauleaton@eplace.com.au

What to expect in 2016

Wishing you and your family

a joyous holiday season

Hello and welcome to the summer edition of my Corinda Suburb Report.

This is the latest in a series of reports which have been designed to keep you up to date with the very latest on what’s going on in our treasured suburb. Hopefully it helps you keep your finger on the pulse

of what your property is worth. Please be sure to contact me for any of your real estate queries...

I continue to list and sell houses near you in my specialist area of Corinda. I live in Corinda, love Corinda, and sell Corinda! Paul Eaton - Lead Agent at Place.

Paul Eaton0431 599 568 · 07 3379 4311 pauleaton@eplace.com.au

Front Cover: SOLD - 8 Hilda Street, CorindaCall Paul Eaton for details.

Summer ‘15 2014 Full Year

How many properties SOLD during the quarter? 22 97How many properties are CURRENTLY for sale? 39 NAWhat was the MEDIAN price paid during the quarter? $640,000 $525,000What was the higest SOLD price during the quarter? $1,203,460 $10,461,0006

What was the lowest SOLD price during the quarter? $395,000 $225,000What was the VALUE of all SALES during the quarter? $14,350,960 $60,845,000Which Street saw the MOST sales during the quarter? Hilda St Hassall St

1Home ownership levels are very strong in Corinda with over 63% of all dwellings owned outright or owned with a mortgage. The balance of the marketplace is rented. The majority of Corinda homes are of a good size with a little more than 70% having 3 or more bedrooms.

2The average number of people per household is 2.5 and the average number of children per family is 1.8. There are more

female (52%) residents than males living in the area and the predominant age group is 35-39 year olds and with 7.5% of the total local population.

3Most residents of the suburb were born in Australia (72%) with England and New Zealand coming in at number 2 & 3 respectively.

About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external sources including CoreLogic RPdata and various Australian Bureau of Statistics publications. 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 months September, October & November 2015 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Paul Eaton by datachurp

Corinda SALES activity at a glance

a quick demographic SNAPSHOT of Corinda

Graph 1.0 Corinda Residential Sales Per Year

14012010080604020071+69+59+80+68+57

2010

2011

2012

2013

2014

2015

4The median weekly income per household is $2,423 and $3,087 for family households.

5Despite the great public transport options including trains (17%) and buses, the majority of us drive, or are driven, to work (55%) and most homes (43%) have two or more cars!

6The highest sale price in 2014 was for a residential development site in Consort Street, to be developed into 34 lots.

71+69+59+80+68+57Corinda2/694 Oxley Road$425,000112m2

3 2 2

Corinda7/29 Kennard Street$425,00090m2

3 2 1

Corinda14 Allan Terrace$430,000647m2

2 1 1

Corinda44/300 Cliveden Ave $437,500160m2

3 2 2

Corinda27 Ardoyne Road$508,000405m2

3 1 1

Corinda11 Edmondson Street$515,000403m2

3 2 1

Corinda48 Rinora Street$538,000582m2

3 2 2

Corinda11 Glenrich Street$538,500653m2

4 2 1

Corinda410 Cliveden Avenue$560,000607m2

3 3 2

Corinda38 Consort Street$600,000405m2

0 0 0

Corinda21 Penaton Street$620,000562m2

3 1 1

Corinda8 Hilda Street$634,500500m2

4 2 2

Corinda50 Gray Avenue$645,000561m2

4 2 2

Corinda67 Pratten Street$645,000615m2

4 1 1

Corinda2 Hodge Street$680,000825m2

3 1 2

Corinda23 Hilda Street$696,000756m2

4 2 2

Corinda70 Nelson Street$860,000809m2

3 1 3

Corinda33 Menin Road$955,000850m2

5 2 2

Corinda36 Teesdale Street$1,000,000810m2

3 1 3

Corinda54 Lynne Grove Ave$1,040,0001229m2

4 2 2

Corinda24 Balderstone Street$1,203,460810m2

5 3 2

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Visit pauleaton.com.au and subscribe to receive our weekly eNewsletter. Also we recently set up the Corinda Community Facebook group as a valuable resource to help our suburb further thrive in every possible way, including from an economic, business, educational, real estate, and

cultural perspective. Do you love Corinda as much as we do? If yes then you can join by simply going on Facebook and searching “Corinda Community Group”- we look forward to hearing from you soon! Be sure to encourage all our neighbours to join too.

YES we are OPEN for business as normal these

holidays (except on the Public Holidays)

PAUL EATON · 0431 599 568 · pauleaton@eplace.com.au · Place Estate Agents Graceville

the team selling Corinda for more