EIGHT MILE PLAINS & RUNCORN UNIT PROPERTY REPORT SPRING 2023 Courtesy of Ela Milne & Ray White Rochedale
The property market continues to heat up. While there was speculation that house price growth would slow once more properties became available for sale, this doesn’t seem to be the case. Buyer demand remains robust, despite finance costs and the relative difficulties in getting a home loan compared to 18 months ago. In July, we saw prices decline slightly but this was more than reversed in August. The July fall was likely due in part to the surprise interest rate rise in June. Unit price growth is strong with all capital cities now recording year-on-year unit price growth. Very strong population growth and building challenges have resulted in Brisbane recording the most growth. Brisbane units continue to see a faster rate of growth than houses. While surprising that demand for housing is so high in such a high interest rate environment, it reflects strong population growth and a reduction in new home construction. Continuing rental increases are leading more people to consider buying their own homes, while a lack of new home builds are pushing more into the established home market. With interest rates at or close to peak, it’s likely greater certainty about where rates will settle will also be a factor. If you’re considering a move, get in touch with me for a chat about your options. I look forward to helping you realise your property goals. 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 44/9 San Mateo Boulevard, Eight Mile Plains 35/100 Bordeaux Street, Eight Mile Plains 153/54 Slobodian Avenue, Eight Mile Plains 22/9 San Mateo Boulevard, Eight Mile Plains 48/16 Arcadia Street, Eight Mile Plains 32/9 San Mateo Boulevard, Eight Mile Plains 4/37 Slobodian Avenue, Eight Mile Plains 4/41 Bleasby Road, Eight Mile Plains 2/18 Pumice Street, Eight Mile Plains 48/538 Warrigal Road, Eight Mile Plains 61/100 Bordeaux Street, Eight Mile Plains 8/8 Manor Street, Eight Mile Plains $608,888 $564,000 $534,999 $590,000 $620,000 $525,000 $640,000 $540,000 $585,000 $630,000 $600,000 $570,000 2 2 1 3 2 1 3 2 2 3 1 1 3 2 1 3 1 1 3 1 1 3 2 1 3 2 2 3 2 2 3 2 1 3 2 1 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 46/25 Buckingham Place, Eight Mile Plains 33/40 Glenefer Street, Runcorn 1/42 Slobodian Avenue, Eight Mile Plains 30/60 Lakefield Place, Runcorn 33/52 Daw Road, Runcorn 22/39 Gumtree Street, Runcorn 31/201 Persse Road, Runcorn 43/8 Diamond Place, Runcorn 21/12 Marika Street, Runcorn 36/36 Rushton Street, Runcorn 68/40 Glenefer Street, Runcorn 32/201 Persse Road, Runcorn $560,000 $550,000 $460,000 $555,000 $520,000 $600,000 $561,000 $531,500 $538,000 $503,000 $518,000 $480,000 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 25/39 Gumtree Street, Runcorn 7/39 Gumtree Street, Runcorn 13/52 Daw Road, Runcorn 61/40 Glenefer Street, Runcorn 31/134 Hill Road, Runcorn 19/83 Persse Road, Runcorn 33/62 Victor Street, Runcorn 40/20 Young Place, Runcorn 5/36 Rushton Street, Runcorn 11/76 Condamine Street, Runcorn 6/52 Daw Road, Runcorn 17/201 Persse Road, Runcorn $520,000 $398,000 $530,000 $539,000 $540,500 $460,000 $450,121 $496,000 $506,000 $460,000 $485,000 $570,000 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 2 1 3 1 1 3 1 1 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
3. Eight Mile Plains Runcorn 0 50 100 150 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Source: CoreLogic RP Data 1 June - 31 August 2023 UNIT SALES PER ANNUM 10 15 20 5 8 19 1. NUMBER OF UNIT SALES RUNCORN EIGHT MILE PLAINS UNIT SALE PRICE 2. HIGHEST RUNCORN EIGHT MILE PLAINS $849,000 $640,000 $398,000 $530,000 LOWEST $520,000 $600,000 MEDIAN FAST FACTS EIGHT MILE PLAINS UNITS & RUNCORN UNITS
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!) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
elamilne.raywhite.com AWARDS 2022/2023 Ray White Premier Performer 2020/2021/2022 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 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015 RateMyAgent Agent of the Year for Runcorn and Eight Mile Plains YOUR LOCAL AREA EXPERT ELA MILNE 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 15 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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