BRIGETTE RIGHTON Ashgrove Quar ter ly Proper ty Repor t
If anyone was to ask you if now was the best time to sell your property, it would be difficult to know exactly. August saw the third recurring 0.5 per cent increase in the official cash rate, moving it up to 1.85 per cent. With the RBA still indicating the target cash rate at 2.5 per cent, the market can still expect a few more months of uncertainty ahead. Looking back historically, market dips are always faster than the rise. Price drops typically only last for around a six to twelve month period before they start to stabilise. The question then becomes: how long does it take to recover and then improve? There’s still a very active marketplace, but buyers simply have less money to spend. Waiting for interest rates to hit their peak will continue to reduce the level of money available in the marketplace and will no doubt continue to challenge prices available. Timing the market has always been an impossible task but time in the market is absolutely crucial. The old adage, “it’s not about timing the market, but about time in the market,” has been proven true over the years for property as well as many other asset classes. If you are considering a move, we can help you to achieve the best possible sales outcome. We invite you to get in touch and experience the difference with Brigette Righton and her team. Brigette Righton Elite Real Estate Agent The Brisbane market is finally taking a breather. After a record run in house price growth, prices peaked in April 2022, just in time for the first rate rise in May. Since April, prices have pulled back a tiny bit with the median for houses down 1.6 per cent. Brisbane is entering a golden decade in the lead up to the Olympic Games in 2032, and with it, significant growth in employment demand. With affordability now at an all time low, this slow down in price growth will no doubt come as a relief to many. WHAT’S HAPPENING IN OUR MARKET?
SET STRATEGIC INSPECTION TIMES When is the best time to host opens according to your agent? Ask their opinion on the times and days that could ensure the best buyer traffic. Also consider particular times of day that your street presents well. Avoid rubbish day, and if you’re in an apartment complex, when is the weekly common area cleaning carried out, and your block looking its best? These considerations cost nothing and can improve the buyers’ perception of your home. A QUICK FACELIFT The first thing any buyer will assess is your house in the context of neighbouring houses. Work to make your house the most attractive from the street. Look at it with fresh eyes. Could a few flowering potted plants liven up the front? Inexpensive, quick fixes like a new doormat and touching up any chipped paintwork around the front door are worthwhile to ensure it’s in pristine condition. PAINT KEY PARTS Painting is one of the most cost-effective improvements. A neutral palette keeps more buyers interested as it allows them to imagine living in your home with their own furniture and style. Just make sure you allow enough time before inspections begin for that new paint smell to disappear. A recent study revealed that it takes only an average of eight minutes for home hunters to decide whether or not to buy a particular property. That’s quick! Especially considering a home is the single biggest purchase a person will make in their lifetime. Here’s some tips for leaving the best impression on potential buyers to increase competition and give you a better chance of achieving a premium price for your property. YOU’VE GOT 8 MINUTES TO IMPRESS! YOUR OUTDOOR CARPET Home-owners, take note. Surveys have shown that buyers will pay considerably more for a house with a good lawn. We relish the idea of relaxing in the backyard, getting kids away from screens, and quality time with family and friends in the sunlight. Laying turf may be one quick and relatively inexpensive fix to put the finishing touches on your property. YOUR INDOOR CARPET It may seem silly to be investing in carpet you’ll never walk on but the reality is that dated, worn and damaged carpets are a significant deterrent for buyers. Of course, you don’t want to overspend on superhigh-end improvements that will never pay you back, but carpet is one of those items that can make or break a sale (unless you’re selling as a renovators dream!) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RECENT SALES IN YOUR AREA *Sales made by Ray White and other real estate companies SOLD $1,500,000 SOLD $1,525,000 SOLD $1,716,000 SOLD $2,725,000 SOLD $2,500,000 SOLD $1,700,000 SOLD $1,580,000 SOLD $1,850,000 2 647SQM 4 2 640SQM 4 1 617SQM 3 3 567SQM 5 2 911SQM 4 1 622SQM 3 2 693SQM 3 3 835SQM 6 92 Acacia Drive, Ashgrove 222 Coopers Camp Road, Ashgrove 22 Elouera Road, Ashgrove 32 Weatherhead Avenue, Ashgrove 75 Davies Road, Ashgrove 48 Oleander Drive, Ashgrove 24 Amarina Avenue, Ashgrove 1 Myagah Road, Ashgrove
SOLD $1,500,000 SOLD $1,800,000 SOLD $2,325,000 SOLD $1,850,000 SOLD $2,725,000 SOLD $1,415,000 SOLD $1,600,000 SOLD $1,260,000 2 592SQM 3 2 607SQM 4 3 607SQM 6 2 693SQM 5 4 1,465SQM 5 3 405SQM 4 2 562SQM 4 1 476SQM 4 42 Dorrington Drive, Ashgrove 35 Atthow Avenue, Ashgrove 79 Royal Parade, Ashgrove 292 Banks Street, Ashgrove 118 Buckingham Street, Ashgrove 28 Brisbane Street, Ashgrove 41 Dawn Street, Ashgrove 147 Ashgrove Avenue, Ashgrove
FAST FACTS ASHGROVE 22 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Ashgrove has increased 52% which equates to a compound annual growth rate of 8.8%. HOUSES SOLD LAST QUARTER HOUSE MEDIAN DAYS ON MARKET SALES UNITS SOLD LAST QUARTER HOUSES MEDIAN $1,512,500 HIGHEST $2,725,000 LOWEST $885,000 UNITS MEDIAN $555,000 HIGHEST $690,000 LOWEST $175,000 Source: CoreLogic RP Data 24 May - 24 August 2022 9 2. 16 ASHGROVE $1.1M 100 $1.3M 150 $1.5M 200 $900K 50 2018 2019 2020 2021 2022 MEDIAN HOUSE SALE PRICE NUMBER SOLD LEASE MEDIAN HOUSE (3 BED) $680 MEDIAN UNIT (2 BED) $460 RENT PER WEEK
THE QUEENS OF ASHGROVE Brigette, Amy and Chloe are the ultimate professional agent team. A+ communication and advice given at all times. We were after a quick off market sale and this team delivered the goods. Sale price well exceeded our expectations. The sale of our property was a seamless process. We would definitely recommend Brigette and her team to anyone looking to sell in the area. Adam & Carmel Sellers of 29 Yoku Road, Ashgrove A PLEASURE TO WORK WITH Brigette and her team provided exceptional service. Their support prior to and during the sales campaign was highly appreciated. They are experts in real estate in the Brisbane suburb of Ashgrove and surrounding areas. We found them to be friendly, professional, hard working and efficient. Selling a family home of many years can be difficult, however they made it an enjoyable experience. Communication was a great strength of this outstanding team. It was wonderful to have Brigette and her trustworthy and reliable team working to achieve a sale in a more difficult market. Shari & John Sellers of 92 Acacia Drive, Ashgrove VERY PROFESSIONAL & HONEST I have known Brigette for over ten years purchasing many properties for clients through her and she has always been personable and honest. With Chloe and Amy working with her, they form a fantastic team who are all professional and have the right balance of working for their vendor while being helpful and courteous to buyers. With my recent clients interstate they provided as much information for them as possible which was very helpful. Thanks again! Scott McGeever – Buyer’s Agent Buyer of 19 Havana Street, Ashgrove A WORD FROM OUR CLIENTS
THE BRIGETTE RIGHTON TEAM brigetterighton.raywhite.com Brigette’s fascination and appreciation for real estate was established many years ago, having had a father who was a builder and property developer. Brigette fully understands the stresses in buying and selling houses having bought, sold and renovated many of her own properties prior to her entry into the real estate industry. When you couple her local market knowledge with family values, integrity and her proven track record as a real estate professional, Brigette has to be your first choice if you’re considering selling or purchasing in the area. You’ll receive an exceptional level of service and attention to detail that is second to none. With Brigette’s superior negotiation skills and the award-winning team at Ray White behind her, you have every right to expect the best! The right advice. The right combination. Chloe MacDonald Sales Associate Brigette Righton Elite Real Estate Agent 0407 880 006 Amy MacDonald Sales Agent 0433 312 170
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