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
21st of April 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 21st of April 2023.
This week, we had 1,059 sales in Queensland, which is slightly higher than last week. About average of what we've been seeing recently. 40% auction clearance rate; very much on par with what we've been seeing recently. In the inner north, we had 24 sales again around about what what's been going on over the last few weeks. Not too much, not too many changes there in regard to actual volume. A couple of notable sales both in Stafford:
7 Harold Street—four beds on 405 square meters sold for 1.18 million.
18 Burrowa Street in Stafford is five beds on 807 square meters that one sold for 1.326 million.
Both good prices, obviously, showing that we are still getting some good prices in the market.
As far as what's going on in the general market at the moment, consumer confidence is up based on the pause on rate rises, which is very positive. House prices are very flat, actually, slightly up in our local area over the last month, very, very slightly. But again, that's very positive because we've been dropping fast over the last 12 months. So, looking like, hopefully, we are at the bottom of the market, people are starting to feel better, more buyers in the marketplace and the prices are improving. Obviously, everyone's waiting for the next rates decision. So, the next decision is going to be a big one and it's going to affect where we go in regard to consumer confidence and in regard to the market.
At One Percent Property, lots going on at the moment. So, plenty of properties that we're processing, although certainly there are more buyers than there are properties. So, it's a good time to think about selling when stock is low, and buyers are high. That's a great time to be out in the market.
23 Glenhaven Street is unconditional. This week that property sold for $900,000. It's a three-bed, one-bath, took about six weeks to get it under contract, but we got there eventually.
2/51 Seventh Avenue. We launched that last week, sold it on Saturday, fantastic price. We'll let you know what it is once it goes unconditional.
On the market at the moment, we have:
5 Meadfoot Road in Virginia—three beds plus study upstairs, non-legal height but usable space downstairs, large 600+ block in a good part of Virginia. That property is on for 875 plus and we have it open tomorrow at 10 AM.
Also coming to the market, over the next few weeks:
40 Felsman Street in Chermside West. It's at the end of a cul-de-sac. It's a four-bed, two-bath, low-set home. Lots and lots going on with that one. Lots of really positive attributes.
30 Fifth Avenue in Kedron—708 square meter, low-medium res, corner block. It's got a big, two-bedroom home on it. Plenty of potential, either to renovate, to live in or develop and finally,
24 Carnot Street in Wavell Heights—beautiful, executive home. Four beds, city views on a 405 block, in a fantastic part of Wavell Heights.
Plenty going on at the moment, plenty coming up.
So, if you have any questions about either the market, any of the properties I've mentioned or you have any questions about your own home, please give me a call: 0424 585 391. Otherwise, I hope you've had a fantastic week so far and I hope your weekend is even better.
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