EIGHT MILE PLAINS & RUNCORN TOWNHOUSE/APARTMENT PROPERTY REPORT SUMMER 2025 Courtesy of Ela Milne & Ray White Rochedale
As we step into a new year, I extend my warmest wishes to you for health and happiness. While property values remain in growth territory, the pace has softened. Market conditions are increasingly favourable for prospective buyers. An expansion in available listings has broadened choice. Adding to the positive outlook, in the third quarter of 2024 Australia’s annual inflation rate dropped to 2.8%. This was the lowest reading since the first quarter of 2021, strengthening expectations of an interest rate cut in early 2025. Our local property market’s annual performance remains robust, especially compared to those of Sydney and Melbourne. Over the past 12 months, house prices have recorded a significant 11.8% increase. As at the end of November, Brisbane’s continued appreciation brought its mean house price to $997,704 - positioning it on the cusp of the million-dollar threshold currently occupied by Melbourne and Canberra. The unit sector has achieved an impressive 14.7% annual gain, with the mean price across Brisbane reaching $675,254. The shift towards medium-density living is a continuing trend in Brisbane as more people seek affordable alternatives to traditional houses without compromising on space and location. Townhouses offer a great balance, providing more room than apartments but at a lower entry price than standalone houses. This segment is gaining popularity among young families, professionals, and downsizers. If you’re considering a move in 2025, 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 10/36 Bleasby Road, Eight Mile Plains 29/75 Levington Road, Eight Mile Plains 20/7 Delonix Place, Eight Mile Plains 70/37 Slobodian Avenue, Eight Mile Plains 16/75 Levington Road, Eight Mile Plains 175/54 Slobodian Avenue, Eight Mile Plains 11/88 Bleasby Road, Eight Mile Plains 12/28 Holmead Road, Eight Mile Plains 5/42 Slobodian Avenue, Eight Mile Plains 35/25 Buckingham Place, Eight Mile Plains 50/25 Buckingham Place, Eight Mile Plains 39/88 Bleasby Road, Eight Mile Plains $870,000 $830,000 $785,000 $620,000 $785,000 $760,000 $725,000 $490,000 $723,000 $700,000 $690,000 $697,000 3 2 1 3 2 1 3 2 1 3 2 2 1 1 1 3 2 2 3 2 1 3 2 1 4 2 2 2 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 4/248 Padstow Road, Eight Mile Plains 15/88 Bleasby Road, Eight Mile Plains 29/2311 Logan Road, Eight Mile Plains 49/88 Bleasby Road, Eight Mile Plains 8/201 Persse Road, Runcorn 29/102 Nemies Road, Runcorn 30/40 Lakefield Place, Runcorn 5/9 Premworth Place, Runcorn 36/9 Hillview Street, Runcorn 6/16 Lakefield Place, Runcorn 3/12 Marika Street, Runcorn 9/9 Hillview Street, Runcorn $835,000 $687,000 $682,000 $660,000 $870,000 $700,000 $783,000 $750,000 $706,000 $700,000 $695,000 $548,000 3 2 1 3 2 1 4 2 2 3 2 1 3 2 2 3 2 1 3 2 2 2 1 2 4 3 2 3 2 1 3 2 2 3 2 1 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 13/40 Glenefer Street, Runcorn 17/39 Gumtree Street, Runcorn 3/39 Gumtree Street, Runcorn 76/134 Hill Road, Runcorn 56/30 Glenefer Street, Runcorn 26/36 Rushton Street, Runcorn 30/77 Nursery Avenue, Runcorn 13/134 Hill Road, Runcorn 13/52 Daw Road, Runcorn 10/20 Young Place, Runcorn 50/9 Hillview Street, Runcorn 14/5 Hillview Street, Runcorn $690,000 $685,888 $665,000 $620,000 $658,000 $601,888 $600,000 $590,000 $590,000 $775,000 $675,000 $720,000 3 2 1 3 2 1 3 2 1 2 1 1 2 2 1 3 1 1 3 1 1 3 2 2 4 2 1 3 2 1 3 1 1 4 2 1 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
3. Eight Mile Plains Runcorn 0 50 100 150 200 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: CoreLogic RP Data 21 October 2024 - 21 January 2025 UNIT SALES PER ANNUM 10 15 20 5 7 17 1. NUMBER OF UNIT SALES RUNCORN EIGHT MILE PLAINS UNIT SALE PRICE 2. HIGHEST RUNCORN EIGHT MILE PLAINS $870,000 $870,000 $450,000 $690,000 LOWEST $658,000 $723,000 MEDIAN FAST FACTS EIGHT MILE PLAINS UNITS & RUNCORN UNITS
A great marketing campaign covers off on reach (how far the product is going) and frequency (how often a customer is reminded about that product). This coupled with presentation equates to a comprehensive approach to securing the most customers and creating a competitive environment which we all know equals premium price. Staging a property can be the difference between whether or not a customer swipes left or right. When most vetting is done via online portals, if your property isn't eye-catching, it may not make the cut when a busy house hunter is choosing where to spend their time on Saturday morning. Staging has such a huge impact on buyer behaviour. A well constructed styling package can make an old home look new, make small spaces appear bigger and are essential whenever there is an open-plan living area. No property is perfect, but they all have something you fell in love with. From a large window with spectacular views to a beautiful kitchen or cosy reading nook. A stylist can arrange rooms so that attention is drawn to those best features so that potential buyers see the property in its best light every time. Once styled (including the all important decluttering and de-personalising), the overall effect is that the property looks ready to move into. A staged home hints to a buyer that they could be living in it that afternoon. This subtle psychological cue provides encouragement to interested purchasers to take the next step. As the market adjusts, sellers need to invest more than during the recent boom to create the same competitive environment linked with premium sale prices. THE BENEFITS OF STAGING “Statistically, staged homes sell faster and for a higher price than unstaged homes.”
elamilne.raywhite.com 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 17 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. AWARDS 2024/2025 Ray White Premier Performer (top 10% of the Ray White Group) 2024 Agent of the Year for both Runcorn and Eight Mile Plains (Rate My Agent) 2023/2024 Ray White Premier Performer (top 10% of the Ray White Group) 2023 Agent of the Year for both Runcorn and Eight Mile Plains (Rate My Agent) 2022/2023 Ray White Premier Performer (top 10% of the Ray White Group) 2021/2022 Ray White Elite Performer (top 3% of the Ray White Group) 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015 Agent of the Year for Eight Mile Plains (Rate My Agent) 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015 Agent of the Year for Runcorn (Rate My Agent) 2020, 2019, 2018, 2017, 2016, 2015 Ray White Premier Performer (top 10% of the Ray White Group)
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