Kedron and Surrounding Suburbs Weekly Market Update
Weekly Property Wrap Up by Daniel Hooper of One Percent Property
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KEDRON, GORDON PARK, STAFFORD HEIGHTS, EVERTON PARK & SURROUNDING SUBURBS
15th of May 2023
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Daniel - 0424 585 391
daniel@onepercentproperty.com.au
Hi, this is Daniel Hooper from One Percent Property coming to you with your Weekly Property Market Update for Kedron, Gordon Park and the surrounding suburbs. It is Friday the 12th of May 2023.
This week we had 1,149 sales in Queensland and a 50% auction clearance rate, which is actually very, very positive, certainly compared to what we've been seeing recently. In the inner north, we had 34 sales, which, again, is a lot of properties changing hands.
A couple of notable sales:
15 Mawson Street in Kedron—five beds, 592 square meters sold for 1.762 and
176 Khartoum Street in Gordon Park—four beds, 405 square meters sold for 1.703.
So, still a lot of homes achieving really, really good prices in our local area. Potentially not what they were achieving a year ago, but still fantastic compared to say two or three years ago.
In the market, the budget came out this week largely as expected. The budget is in a surplus for the first time in a while. But people are in the majority expecting that to be very short lived and, I think it will have little effect on the markets because it really was what people, it read as people were expecting it to read which means any price changes would have already been priced in. Prices have been slightly up over the last 28 days. Which is the first time or relatively the first time I've been able to report that in the last year because prices have been going down quite a lot. So, that is very, very positive. It's always really encouraging to see that little dip at the end of the chart and prices start to come back up. So, hopefully that means we have hit the bottom and things will start to look a bit more positive moving forward.
At One Percent Property this week:
5 Meadfoot Road in Virginia—under offer. It took us about five weeks to get that property under offer, but all moving forward.
Also got a number of exciting homes coming up:
24 Carnot Street in Wavell Heights—a nice, big, executive family home with city views in the very sought after pocket of Wavell, down in the southern part there.
40 Felsman Street in Chermside West—four beds, two baths, single-level, renovated home. Good spot, big block that we'll be launching in two weeks’ time.
9 Chrisrodney Street in Virginia—a big block with a blank canvas home on it that you can do whatever you want with lots of opportunity there. And it's also in a cul-de-sac street. It's a very, very quiet location and
25/26 Le Geyt Street in Windsor—that property is a very neat and tidy two-bed, two-bath, one-car apartment and that'll be launching in the next couple of weeks as well.
If you have any questions about what I've spoken about or, you would like to get a bit more information about the market or about your home. Please feel free to give me a call: 0424-585-391. Otherwise, I hope you had a fantastic week so far and I hope your weekend is even better.
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