- Spring Hill - based on 170 sales, median sale is $380,000, median asking rent is $485, so indicative gross yield is 6.6%
- Brisbane city - based on 666 sales, median sale of $500,000, rent $600, so a yield of 6.2%
- Woolloongabba - 86 sales, sale price of $400,000, rent $465 so yield of 6%
- The Valley had an indicative yield of 5.6%
- South Brisbane had an indicative yield of 5.4%
Saturday, August 30, 2014
Top Yields
Tuesday, December 20, 2011
Sunday, October 30, 2011
Brisbane Sales Volumes
- 2007 - 1,342 properties sold
- 2008 - 729 properties
- 2009 - 825 properties
- 2010 - 525 properties
- 2011 - year to date reported sales - 254
Sunday, November 7, 2010
Spring Hill - Trilogy Apartments
There were 3 auctions last weekend of 2 bedroom apartments in the Trilogy complex at Spring Hill (namely, apartments 226, 330 and 334)
This complex was heavily marketed (at high prices) by Which Property? who was also related to the developer.
The Courier Mail reported that apartments were passed in for $400,000 and $420,000 (about $150,000 less than the prices that the developer was seeking about 2 years ago).
These are relatively decent apartments, some with good views, and a large pool area. The apartments are not large (about 75 sqm internal) but are well designed. Not far from the downtown.
Listing at $490,000 (Apt 334, 51 Hope Street)
Listing at $490,000 (Apt 226)
Listing at $550,000 (Apt 330)
Listing at $680,000 (Apt 354)
A 2 bed, 2 bath sold in 2009 for $540,000.
A furnished 2 bedroom is available for rent for $650 a week. See also here.
Saturday, January 23, 2010
Quattro - "New" Spring Hill Apartment Building
Apartments in a new apartment building are currently being marketed, with the official launch next weekend.
Wednesday, June 17, 2009
Some Owners Unable to Pay Strata Levies
"A call by debt collection agencies for reforms to the cost-recovery process for bodies corporate comes as apartment owners at a Brisbane building are locked in a legal fight with a resident, who had racked up a debt of more than $50,000 since 2004."
"In the Brisbane case, one of the owners in the 51-unit 1970s building on Leichhardt Street said that since 2004, the problem owner had not paid his strata fees or levies on time.
In two previous actions against him, one of the building's apartment owners, who did not want to be named for fear of retribution, said the problem owner ended up paying, with $20,000 of the $50,000 owed comprising legal fees.
"We have had two actions against him previously where he has paid on the steps of the court," they said.
"Because he is an ongoing serial pest, we should have some entitlement to say you are no longer entitled to be here."
The Australian