Eight Mile Plains & Runcorn Unit Property Report W I N T E R 2 0 2 2 Courtesy of Ela Milne & Ray White Rochedale
Market conditions have definitely become a bit more complex in 2022, after the once-ina-generation boom we saw in the Australian property market throughout 2021. Naturally there’s some caution at the start of an interest rate hike cycle on the back of high inflation. Many people will ask themselves, is it best to take advantage of current selling conditions so you can comfortably move into the next phase of your life? Or should you wait it out and see if prices continue to rise? But will that make purchasing your next property even more expensive? It’s all really confusing, and there’s plenty to weigh up. What we do know for sure is that we have fewer homes for sale. This is good news overall as it will mean less competition when you go to sell. When markets enter a new cycle, there are typically less new listings coming to market as sellers are more cautious. This lack of new stock on the market creates a challenge for buyers to find quality property. For these reasons, in a slow market, highly desirable properties are well sought after and will often defy expectations. That’s why we still believe now is a good time to sell. The number of new listings across our group in Australia fell by 10% in April, and this means we kicked off May on the leaner side. This is good news for all our sellers as there’s less options for buyers. We know we have an average of at least four registered bidders per auction right now, and two of them are active bidders. These metrics are slightly above our long term averages and show that we still have plenty more buyers than sellers. Ela Milne Licensed Real Estate Agent Elite Sales and Marketing Executive WHAT’S HAPPENING IN OUR MARKET?
Sold Sold by Ray White RECENT SALES IN YOUR AREA 3 1 1 3 2 1 3 1 1 3 2 1 3 2 1 3 2 2 3 2 1 3 2 1 4 2 2 3 2 1 4 3 2 4 2 2 23/41 Bleasby Road, Eight Mile Plains 6/25 Buckingham Place, Eight Mile Plains 3/101 Bolton Street, Eight Mile Plains 17/1 O’Meara Street, Eight Mile Plains 67/25 Buckingham Place, Eight Mile Plains 9/40 Arcadia Street, Eight Mile Plains 24/2311 Logan Road, Eight Mile Plains 47/228 Gaskell Street, Eight Mile Plains 9/146 Padstow Road, Eight Mile Plains 15/45 Gaskell Street, Eight Mile Plains 708/8 Win Street, Eight Mile Plains 13/146 Padstow Road, Eight Mile Plains $445,500 $560,000 $450,000 $487,500 $500,000 $498,500 $490,000 $740,000 $575,000 $466,000 $770,000 $738,000 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 4 3 2 2 2 1 3 2 2 3 2 1 3 1 1 3 2 2 3 2 1 3 2 1 3 2 1 3 2 1 3 2 2 3 2 2 4/248 Padstow Road, Eight Mile Plains 201/66 Slobodian Ave, Eight Mile Plains 6/9 San Mateo Boulevard, Eight Mile Plains 47/15 Violet Close, Eight Mile Plains 5/76 Condamine Street, Runcorn 8/34 Brandon Road, Runcorn 4/11 Corella Place, Runcorn 6/39 Gumtree Street, Runcorn 5/40 Glenefer Street, Runcorn 44/40 Glenefer Street, Runcorn 20/60 Lakefield Place, Runcorn 53/25 Silkyoak Street, Runcorn $671,000 $500,000 $460,000 $460,000 $495,000 $450,000 $450,000 $441,000 $450,000 $461,000 $550,000 $546,500 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 2 2 1 2 1 1 3 2 1 3 2 1 3 1 1 3 2 1 3 2 2 3 2 1 3 2 1 3 1 1 3 2 1 3 2 2 6/40 Glenefer Street, Runcorn 31/62 Victor Street, Runcorn 6/17 Victor Street, Runcorn 1/201 Persse Road, Runcorn 52/134 Hill Road, Runcorn 31/201 Persse Road, Runcorn 36/9 Hillview Street, Runcorn 39/16 Lakefield Place, Runcorn 6/83 Persse Road, Runcorn 32/77 Nursery Avenue, Runcorn 4/17 Victor Street, Runcorn 3/89 Daw Road, Runcorn $380,000 $425,000 $324,500 $490,000 $500,000 $410,000 $473,800 $447,000 $413,000 $455,000 $610,000 $480,000 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
3. Eight Mile Plains Runcorn 0 50 100 150 200 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: CoreLogic RP Data 23 February - 23 May 2022 UNIT SALES PER ANNUM 10 15 20 5 13 17 1. NUMBER OF UNIT SALES RUNCORN EIGHT MILE PLAINS UNIT SALE PRICE 2. HIGHEST RUNCORN EIGHT MILE PLAINS $610,000 $740,000 $324,500 $445,500 LOWEST $474,900 $500,000 MEDIAN FAST FACTS EIGHT MILE PLAINS UNITS & RUNCORN UNITS
A WORD FROM MY CLIENTS Fantastic! “Ela Milne from Ray White Rochedale helped us greatly with the sale of our property. We are from NSW and the property for sale being in QLD was a bit tricky - especially in these trying times. Ela gave us sound advice on what to do with the property, organised a ‘freshen up’ of the place and at a very reasonable cost. In regards to marketing the place for sale Ela pointed out what the plan would be with expectations on what we would get all before we signed on. Our property was on the website for less than a week before the first open home on the Saturday. Ela gave us an update on Saturday afternoon on how it all went, Monday we were told about multiple offers and by Wednesday it was SOLD, higher than expected! Can not fault Ela’s knowledge and more so her communication throughout the process.” Ronnie and Elizabeth Borg The best agent we have dealt with “Ela is very professional and has many years of experience in the industry which she demonstrates in her work. She will go out of her way to make sure that her clients are happy. She always returns calls and emails promptly which made it easy to work with her.” Raj Nagra Sold quickly for an amazing price “We met with Ela 12 months before we decided to sell. She guided us through the process and advised us what to do to maximise the best price for our townhouse. We followed her advice about not negotiating a new lease for our tenants and painting the inside of our property as well as new carpets and blinds. Ela was very confident that this was the best way to achieve a positive result. She was true to her word as we sold our house quickly and for an amazing price. We couldn’t be happier..” Phil and Gale Walker
elamilne.raywhite.com AWARDS 2021/2022 Ray White Elite Performer (top 3% of the Ray White Group) 2020/2021 Ray White Elite Performer (top 3% of the Ray White Group) 2020 Top 10 Sales People (Number of Sales) - No. 8 2019/2020 Ray White Premier Performer 2019 Top 10 Salespeople (Number of Sales) - No. 5 2018 Top Salespeople (Number of Sales) - No. 6 2017 Top Salespeople (Number of Sales) - No. 8 2018, 2017, 2016, 2015, 2014, 2013 Ray White Premier Performer 2021, 2020, 2019, 2018, 2017, 2016, 2015 RateMyAgent Agent of the Year for Runcorn and Eight Mile Plains YOUR LOCAL AREA EXPERT ELAMILNE Elite Sales and Marketing Executive Ray White Rochedale 0402 348 042 ela.milne@raywhite.com Ela Milne is a multi-award winning agent specialising in the sale of townhouses and apartments. Dedicated to providing a stress-free process, clients appreciate her innovative approach to sales and marketing where her integrity, enthusiasm and highly competitive spirit produce outstanding results. Ela’s friendly, approachable nature coupled with her consistent ability to get properties sold ensures that you will achieve the highest possible price for your home. Having lived locally her whole life and spending the last 13 years selling real estate in the same area, Ela is both extremely passionate and familiar with the area and all it has to offer. If you are looking to buy or sell, or would simply like some real estate advice, please don’t hesitate to contact Ela.
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