CARINA PROPERTY REPORT AUTUMN 2023 Courtesy of Conrad Leisemann Ray White Carina
We’re now consistently seeing house price growth across every Australian capital city. Like every downturn, we’ve seen prices fall far less than what’s generally predicted. Housing markets almost always surprise with strength on the upside and see far less robust declines when the market turns. It’s certainly the case this cycle with peak to trough decline of Australian capital city house prices of 6.5%, compared to COVID driven price growth of 36%. The complexities of the economic landscape mean that there’s still a fair amount of negative media coverage which we know has a big impact on buyer and seller sentiment. This is an example of the perception of the facts not actually being the reality of the facts. With the clocks winding back and the days getting shorter, the temptation for some sellers is to batten down the hatches and wait it out until spring, although that may be a missed opportunity. In this breath, between the perception of a tougher market and the realisation of more positive selling conditions, there’s the chance to capitalise on competing with fewer similar properties. If you’ve ever heard about selling in isolation versus selling in competition, there’s a clear advantage to selling when there’s less choice for buyers - more eyeballs and inspections per property means greater likelihood of multiple offers and therefore a premium price. Inspection numbers are climbing against the same period last year and we’re now seeing 24% more people through our open homes. Buyers are out, prices are increasing, interest rates are on hold. There are some very positive reasons to sell now! Conrad Leisemann Ray White Carina 0403 978 813 WHAT’S HAPPENING IN OUR MARKET?
YOUR GARDEN’S IMPACT ON YOUR SALE PRICE THE LAWN A lawn can add 0.2% of value for every percentage of ground it covers. However, not all lawns are created equal. In the same way that you wouldn’t open your home to potential buyers with last night’s dirty dishes still in the sink, gardens need to be well looked after to contribute favourably to the overall impression of your property. With that mindset, could mowing the lawn become a joy rather than a chore? SOCIAL SPACES Gone are the days when gardens were viewed as a place for storage, or somewhere for the kids to play without disturbing you. Increasingly, they’re an extension of the house, with outdoor spaces important for entertaining and socialising. And your garden’s usability doesn’t have to end when the sun goes down. The addition of outdoor lighting can make the garden a welcoming spot for evening relaxation, and with afterhours viewing increasingly common, this can create a good impression for would-be buyers. With the potential to add 12.4% cent to the value of your property, it might be time to wheel out the garden furniture and get those lights in! PRIVACY Hedges and trees give a property a natural feeling of privacy and contribute to its overall value in the eyes of buyers. Trees have been shown to add anywhere from 3.5 to 4.5% to the value of the property, and hedges 3.6 to 3.9%. Even seemingly mundane additions such as fences lend a feeling of security which is very desirable. As these features are likely to be among the first things a potential buyer sees when approaching your property, it’s important that they’re kept in good shape through regular maintenance. MORE TIPS There is no one-size-fitsall approach to adding value to your property through your garden, but a few general tips that might help you plan a garden renovation include: • Once you know what sells well in your area, make a list of what your property is missing • Have a goal in mind for the key thing you want to achieve: child friendly, super low maintenance, seclusion, outdoor room etc. • Come up with a realistic budget for your modifications, and stick to it • Keep things in moderation – extravagant features may make your property too niche, as well as adding needless cost. Did you know a poorly maintained garden can reduce a property’s value by anything between 5 and 15%? Here are some of the best-performing garden features which could make a substantial difference to the price of your home. Source: excerpt from www.raywhite.com
RECENT SALES IN YOUR AREA SOLD $720,000 SOLD $815,000 SOLD $1,615,000 SOLD $1,015,000 SOLD $772,000 SOLD $722,500 SOLD $1,350,000 SOLD $766,000 2 2 3 2 2 4 2 1 3 2 1 3 2 2 3 3 2 5 2 1 3 2 2 4 15/20 Preston Road, Carina 1/78 Adelaide Street, Carina 2 Vickers Street, Carina 22 Kenrose Street, Carina 4/74 Orana Street, Carina 45/88 Kate Street, Carina 12 Liam Street, Carina 4/166 Birdwood Road, Carina
SOLD $1,020,000 SOLD $1,176,000 SOLD $1,150,000 SOLD $973,000 SOLD $645,000 SOLD $700,000 SOLD $815,000 SOLD $840,000 1 2 3 2 2 3 2 1 3 2 2 3 2 2 4 2 2 4 2 1 3 1 2 3 625 Darcy Road, Carina 3 Madison Place, Carina 31 Eleanor Street, Carina 20 Hendren Street, Carina 4/144 Meadowlands Road, Carina 43/39 Johnston Street, Carina 16/1 Celestial Court, Carina 14 Autumn Close, Carina
FAST FACTS CARINA 18 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Carina has increased 36% which equates to a compound annual growth rate of 6.3%. HOUSES SOLD LAST QUARTER HOUSES MEDIAN DAYS ON MARKET SALES Source: CoreLogic RP Data 1 February - 30 April 2023 2. $800K $1.0M $1.2M $600K 2019 2020 2021 2022 MEDIAN HOUSE SALE PRICE 2023 UNITS SOLD LAST QUARTER 21 30 CARINA HOUSES MEDIAN $905,000 HIGHEST $1,176,000 LOWEST $640,000 UNITS MEDIAN $720,000 HIGHEST $855,000 LOWEST $507,500 LEASE MEDIAN HOUSE (3 BED) $640 MEDIAN UNIT (2 BED) $530 RENT PER WEEK
A WORD FROM MY CLIENTS “Conrad could not have done more for me, he was tolerant and patient. He had a good knowledge of the area and the potential my home had. He was not pushy and had great advice on all things. He was very appreciative of the work I did to prepare my house and get the sale. I felt he went above and beyond, was always available and I would recommend him before any other real estate agent.” Peggy “This is the second property Conrad has sold for us. Conrad has exceptional communication skills, years of knowledge of the Brisbane real estate market and is the hardest working agent I know. He goes out of his way to ensure you get the best possible experience and always has creative solutions for selling even in challenging market conditions. I trust Conrad completely as he always has your best interests at heart. I wouldn’t hesitate to recommend Conrad to anyone contemplating selling.” Brett and Karen “The market knowledge, professionalism and attention to detail was excellent from Conrad Leisemann and his team at Ray White. I am extremely happy with all the dealings since first listing the property. Connie is extremely pleasant, helpful and professional. Nothing has been too much trouble and he has bent backwards to assist me with all issues. He goes far and beyond what is required.” Lorraine “Conrad’s customer service is outstanding. He has excellent interpersonal skills, and his knowledge of the property market is impressive. Conrad supported us exceptionally well through the process of purchasing an investment property and letting it out quickly. He was very pleasant to deal with and he responded to our requests for information and other assistance very promptly and effectively. He was extraordinarily helpful. Conrad is a consummate professional and we recommend him highly.” Peter and Sandra
YOUR LOCAL AREA EXPERT Ray White Carina 838 Old Cleveland Road, Carina, QLD 4152 (07) 3395 1211 raywhitecarina.com.au Living locally for over 40 years - selling locally since 2009 Conrad Leisemann is a senior property consultant at Ray White Carina who is passionate about helping people in his local community. Widely known as an exceptional communicator and negotiator due to his wealth of experience in customer service and business management, Conrad has been recognised as a multi-award winner within the industry for over 10 years. Having lived in the Carina area for over 40 years, and attending the Mayfield State School, Conrad has not only an intricate knowledge of the local area but also the greater Brisbane market. His clients appreciate his sense of humor, lighthearted and supportive outlook, while being able to provide a highly skilled, professional and trustworthy service. An active member of the local community Conrad continues to support many different sporting clubs, local businesses, community charities, school programs and local events. Conrad is especially enthusiastic about providing diligent, honest and caring service while sharing in his client’s excitement at achieving great results. With an investment property portfolio of his own, he can also provide expert advice to property investors. His business philosophy is simple - “Clients for life through the finest service”. Conrad Leisemann | Senior Sales Agent | Ray White Carina | 0403 978 813 | conrad.leisemann@raywhite.com
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