Movements in Toowong
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Transcript of Movements in Toowong
2011/122011/122011/12
Movements in Toowong Movements in Toowong Movements in Toowong
ReportReportReport
Prepared by:Prepared by:Prepared by:
Brett AndreassenBrett AndreassenBrett Andreassen
0421 723 7130421 723 7130421 723 713
[email protected]@[email protected]
www.disher.com.auwww.disher.com.auwww.disher.com.au
River Road, (Coronation Dve) Toowong c. 1910.
Welcome to the Movements in Toowong Report. We hope you enjoy the
information contained within and gain an insight into the great place that
Toowong is to live!
Contents
- Who is Brett Andreassen?
- Comment on the market climate
Houses
- Toowong Market Statistics: 3 Year Comparisons
- Toowong Market Statistics: 2011 to date
- Residential Sales for 2011 - 2012
Apartments
- Toowong Market Statistics: 3 Year Comparisons
- Toowong Market Statistics: 2011 to date
- Residential Sales for 2011 - 2012
- Toowong’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 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 un-
conditional. 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 defi-
nitely 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
Toowong Market Comparison: 3 Years
How many houses have sold in Toowong ?
How many houses are for sale in Toowong today?
What was the highest house sale price in
Toowong ?
What was the lowest house sale price in Toowong?
What was the average sale price in Toowong?
Which street has had the most sales in Toowong?
What was the average weekly rental amount
for houses in Toowong?
*Figures correct as of the 1st June 2012.
2009/10 86
2010/11 58
2011/12 45
At 1st July 11 38
As of 1st June 35
2009/10 $1,650,000
2010/11 $2,200,000
2011/12 $2,875,000
2009/10 $480,000
2010/11 $430,000
2011/12 $390,000
2009/10 $786,958
2010/11 $815,518
2011/12 $749,824
2009/10 Morley St
2010/11 Broseley Rd
2011/12 Elizabeth St
2009/10 $475
2010/11 $495
2011/12 $480
Toowong Market Statistics - Houses
Did you know?
In a recent survey conducted by rebonline.com.au on buyers dislikes, it revealed
that
- 75% of buyers were greatly deterred by properties without a price or
guide.
- 72% of buyers would overlook a property if it didn’t have an address
- 68% of buyers would overlook a property if it was advertised as offers over.
Why would you miss out on most of your market by doing those things?
Movements in Auchenflower - Doug Disher Real Estate
Toowong Market Comparison: 3 Years
How many apartments have sold in Toowong ?
How many apartments are for sale in Toowong?
What was the highest apartment sale price in
Toowong ?
What was the lowest apartment sale price in
Toowong?
What was the average sale price in Toowong?
Which street has had the most sales in Toowong?
What was the average weekly rental amount
for apartments in Toowong?
*Figures correct as of the 1st June 2012. Figures include townhouses
2009/10 177
2010/11 121
2011/12 72
1st July 2011 91
As of 1st June 66
2009/10 $842,500
2010/11 $1,130,000
2011/12 $680,000
2009/10 $100,000
2010/11 $103,000
2011/12 $98,000
2009/10 $424,232
2010/11 $434,880
2011/12 $428,275
2009/10 Sylvan Rd
2010/11 Sylvan Rd
2011/12 Maryvale St
2009/10 $350
2010/11 $355
2011/12 $360
Toowong Market Statistics - Apartments
History of Toowong
In 1875 the Brisbane to Indooroopilly (and Ipswich) railway line was opened, with a station at
Toowong village. The Regatta Hotel was opened the same year, on River Road (Coronation Drive)
overlooking Toowong Reach. Settlement became brisker, the Anglicans relocating from the
wooden church (1866) in Curlew Street to the Stone Gothic revival edifice in High Street (1877)
and a Primitive Methodist church opening in 1876.
The Toowong district had a population of about 1000 people when an area of 4.5 sq miles (11.7
sq km) was proclaimed Toowong Shire in 1880. It included Torwood and Milton (south of
Boundary Road), Auchenflower and Toowong southwards to Toowong Creek. The western
boundary approximated the summit of Mount Coot-tha. Most of the residential subdivisions
were 32 perch blocks (approximating an area enclosed by 15 x 50 metres), and as the
subdivision pattern unfolded it was touched by early town planning and garden city ideals: the
shire's first chairman, Augustus Gregory, promoted the reservation of Mount Coot-tha as a park
and the council later spent money on landscaping River Road and the improvement of several
parks.
Toowong Shire was designated a town in 1903, consistent with its urbanisation, train and tram
services. From about 900 dwellings, the number grew to about 2500 by the early 1920s. In
1925 Toowong municipality was incorporated into the Greater Brisbane council.
Toowong had a pronounced non-Catholic demography, but in 1903 a parish school was
transferred to the convent in Grove Street. In 1930 a new brick church of St Ignatius Loyola was
built there, and in 1948 a new school was also erected. The site adjoined Brisbane Boys
College, transferred from Clayfield to Toowong in 1930. The convent, church and the boys'
college are listed on the Queensland heritage register.
Coronation Drive and the Regatta Hotel are both listed on the Australian Heritage Register.
What’s in a Name?
Augustus st - named to commemorate Sir Augustus Charles Gregory (1819-1905) first Mayor of
Toowong
Bayliss St - formerly Isaac St until 1938 extended only to Bowling Lane. Home allotments were
of 24 perch area, a larger minimum home allotment than the traditional 16 perch.
Cadell St - formerly John St until 1938. Then extended to Park Avenue and renamed.
Eldridge St - commemorates the life of Mr Ambrose Eldridge, a pioneer pharmaceutical chemist
of the Moreton Bay settlement. In 1854 built Milton House on the high ground above the
Brisbane River.
Land St - commemorates the family of William Land, listed in the 1901 Queensland Post Office
Directory as a butcher living in Sylvan Rd. his family has traded for a century.
Sylvan Rd - originally called cemetery road. The cemetery road station was a siding several
hundred meters from Toowong station. Funeral trains stopped here and were drawn by
horse-drawn hearses. The cemetery station closed in 1886 and the name was prmoptly changed
to Sylvan Rd.
Herding Sheep outside the Regatta Hotel circa 1910
Pattersons Sawmill on the site of Toowong Village circa 1915
View of Toowong Cemetary circa 1895
Toowong Reach of the River circa 1902
*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.