EIGHT MILE PLAINS & RUNCORN UNIT PROPERTY REPORT WINTER 2024 Courtesy of Ela Milne & Ray White Rochedale
Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout the rest of 2024, with dwelling values continuing to go from strength to strength. Brisbane’s housing market skyrocketed over the last few years with 64% price growth since the onset of COVID-19 and is currently at a new peak in price. Ray White Group managing director Dan White said the south east Queensland property market had grown at a higher rate than the rest of the country over the last three years. Data from independent analytics team, Neoval, shows that houses and units in urban Australia have shown annualised compounding growth of about seven per cent and three per cent, respectively. The data shows houses and units in south east Queensland have shown growth of about 9-12 per cent or 10-11 per cent, respectively. “The last three to four years have seen a change in a relatively long standing historical trend – south east Queensland growth previously tracked with or underperformed the rest of Australia, it’s now growing at a dramatically higher rate, ” Mr White said. The outlook for the rest of the year looks set to continue. At this point, it is likely that rates will not be cut until the start of 2025 and the economy is continuing to slow. In addition, migration levels will also be lower this year compared to last. However, in contrast high construction costs will keep the cost of building a new home high which will continue to drive people to buy established homes and limit housing supply. If you’re considering a move in 2024, 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 21/75 Levington Road, Eight Mile Plains 14/90 Oakleaf Street, Eight Mile Plains 14/228 Gaskell Street, Eight Mile Plains 41/2311 Logan Road, Eight Mile Plains 5/1 O’Meara Street, Eight Mile Plains 79/2311 Logan Road, Eight Mile Plains 12/101 Bolton Street, Eight Mile Plains 26/577 Warrigal Road, Eight Mile Plains 121/54 Slobodian Avenue, Eight Mile Plains 15/1 O’Meara Street, Eight Mile Plains 114/54 Slobodian Avenue, Eight Mile Plains 103/66 Slobodian Avenue, Eight Mile Plains $805,000 $605,000 $780,000 $670,550 $645,000 $658,000 $703,000 $603,000 $1,250,000 $795,000 $449,999 $607,000 3 2 2 3 2 1 3 2 1 3 2 1 2 2 1 3 2 3 1 1 1 2 2 1 3 2 2 3 2 1 3 1 1 3 3 2 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 508/66 Slobodian Avenue, Eight Mile Plains 36/42 Slobodian Avenue, Eight Mile Plains 309/66 Slobodian Avenue, Eight Mile Plains 5/8 Buckingham Place, Eight Mile Plains 11/88 Bleasby Road, Eight Mile Plains 1 Mode Place, Eight Mile Plains 43/30 Glenefer Street, Runcorn 2/20 Elite Street, Runcorn 7/60 Lakefield Place, Runcorn 37/40 Lakefield Place, Runcorn 1/39 Gumtree Street, Runcorn 33/93 Penarth Street, Runcorn $580,000 $424,000 $454,000 $560,000 $851,000 $597,000 $510,000 $700,000 $700,000 $766,000 $690,000 $638,000 1 1 1 1 1 1 3 2 2 3 2 1 3 2 2 3 2 1 3 2 1 3 2 1 2 2 1 3 2 1 2 1 1 3 2 2 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Sold Sold by Ray White 75/134 Hill Road, Runcorn 6/29 Corella Place, Runcorn 62/40 Glenefer Street, Runcorn 2/60 Lakefield Place, Runcorn 15/134 Hill Road, Runcorn 9/60 Lakefield Place, Runcorn 17/76 Condamine Street, Runcorn 23/201 Persse Road, Runcorn 25/62 Victor Street, Runcorn 30/82 Daw Road, Runcorn 35/30 Glenefer Street, Runcorn 24/36 Rushton Street, Runcorn $595,000 $580,000 $550,000 $756,000 $735,000 $586,000 $628,000 $625,000 $704,000 $705,000 $600,000 $515,000 3 2 1 3 1 1 3 2 2 3 1 1 3 1 1 3 2 1 3 2 1 2 1 1 3 2 1 3 2 2 3 1 1 3 2 2 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 1 May - 1 August 2024 UNIT SALES PER ANNUM 10 15 20 5 20 14 1. NUMBER OF UNIT SALES RUNCORN EIGHT MILE PLAINS UNIT SALE PRICE 2. HIGHEST RUNCORN EIGHT MILE PLAINS $756,000 $920,000 $663,000 $659,000 LOWEST $510,000 $500,000 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 AWARDS 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) 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 16 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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