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i just posted this in another thread - thought some of you watching the north west may be interested.
for those who like stats...here are some sales figures i have been working with today for another client - the figures are all sales for Alderley, Bridgeman Downs, Chermside West, Everton Park, McDowall, Mitchelton, Stafford and Stafford Heights
note that the median sale price hasn't changed much, but the numbers of sales has plummeted over the last couple of months. NB: not all the June sales will have been recorded yet.
........sales volume.....# of sales....median sale price
Jan....$77321501.........158.............$472000
Feb....$82821400.........164.............$476250
Mar....$53953749.........107.............$472500
Apr....$57422810.........111.............$470000
May....$38045873.........81..............$478000
Jun ....$10831000.........23..............$486500
cheers,
UC
i just posted this in another thread - thought some of you watching the north west may be interested.
for those who like stats...here are some sales figures i have been working with today for another client - the figures are all sales for Alderley, Bridgeman Downs, Chermside West, Everton Park, McDowall, Mitchelton, Stafford and Stafford Heights
note that the median sale price hasn't changed much, but the numbers of sales has plummeted over the last couple of months. NB: not all the June sales will have been recorded yet.
........sales volume.....# of sales....median sale price
Jan....$77321501.........158.............$472000
Feb....$82821400.........164.............$476250
Mar....$53953749.........107.............$472500
Apr....$57422810.........111.............$470000
May....$38045873.........81..............$478000
Jun ....$10831000.........23..............$486500
cheers,
UC
i just posted this in another thread - thought some of you watching the north west may be interested.
for those who like stats...here are some sales figures i have been working with today for another client - the figures are all sales for Alderley, Bridgeman Downs, Chermside West, Everton Park, McDowall, Mitchelton, Stafford and Stafford Heights
note that the median sale price hasn't changed much, but the numbers of sales has plummeted over the last couple of months. NB: not all the June sales will have been recorded yet.
........sales volume.....# of sales....median sale price
Jan....$77321501.........158.............$472000
Feb....$82821400.........164.............$476250
Mar....$53953749.........107.............$472500
Apr....$57422810.........111.............$470000
May....$38045873.........81..............$478000
Jun ....$10831000.........23..............$486500
cheers,
UC
Typing mistake Boomtown ? I would not classify Spring Hill a less wealthy area ...(iii) less wealthy areas (Logan Central, Spring Hill, Rocklea)
Maybe not 400k quite yet for a Brisbane median, but there has been a slow down.Posted 20th Sep 07 ....
It's nearly mid-2008. Another 2 months and it will be mid July 2008. Need a $100K median price drop in 2 months ....
Let's keep this thread alive ... there is still a chance.
Lots more for sale around my area ... loads of open houses every weekend. Not sure when it will feed into prices.
My view is the $400K median is the absolute peak for Brisbane. People in Brisbane earn around $50K to $60K (household income) so despite the lack of supply or otherwise they simply won't be able to get the cash. Especially with the availablity of credit tightening. I actually predict a "lack of credit" induced price drop - to $350K median (or less) by mid 2008.
Feel free to save this post and laugh at me mid next year but I'm pretty confident.
The only thing that might keep it up there (post $400K) over the medium term would be government intereference in some way (higher first home buyer grants, tax relief for owner occupiers, allowing shared equity schemes or some other stupid policy like that).
I think its a bit harder to say units are down - they just look flat.