The Urban Update
Welcome. Welcome to our Winter 2018 edition of the Urban Update.
This quarterly snap shot of the Adelaide Property Market will update you on the local market statistics, local real estate news, feature listings and sales as well as community events that we support and love. We hope you find this review informative and enjoy reading it. If you ever require any assistance with any real estate needs please remember our Team is always here to help. Regards, Trent & Kim Shorland Michael & Susan Brock
Trent & Kim Shorland Directors 0413 519 954 & 0412 523 723
Michael & Susan Brock Directors 0418 820 395
Social scene. Harcourts Brock Estates have recently attended the State's Quarterly Awards night and would like to congratulate Kathryn Roberts for being awarded Office Administrator of the Quarter for the Harcourts SA group. We also proudly took home a number of office awards which made for a fantastic night!
What's on? Winter Reds Weekend 2018 Escape to the beautiful Adelaide Hills and be tempted by more than 30 wineries offering sumptuous events, day & night. When: July 27 - July 29 2018 Where: Over 30 wineries throughout the Adelaide Hills Find out more: http://www.winterreds.com.au/
Adelaide Guitar Festival 2018 August 9 - August 12 2018 The Adelaide Guitar Festival (AGF) is a four-day biennial festival, curated by internationally renowned Australian guitarist, Slava Grigoryan. Unbound by genre and acclaimed for its outstanding quality, its concerts span rock, jazz, folk, classical, experimental, blues and roots music. Adelaide Guitar Festival is proud to celebrate Adelaide’s designation as a UNESCO City of Music!
What's new on the market.
For Sale
2
1
1
1
For Sale
5
3
3
1/57 Kyre Avenue, Kingswood $365,000 - $390,000
4A Macquarie Avenue, Hillcrest $449,000 - $479,000
Contact: Alexander Zadow 0413 700 631
Contact: Alexander Zadow 0413 700 631
For Sale
3
2
1
2
For Sale
1
1
10C Mersey Street, Gilberton $575,000 - $595,000
206/9 Paxtons Walk, Adelaide $238,000 - $260,000
Contact: Alexander Zadow 0413 700 631
Contact: Georgie Young 0431 929 953
0
3
1
Focus on. Adelaide. Apartments. 325
Lodgements
SOLD 804
Sales in 2017
1854
Live Approvals
$445,000
Median Sale Price
1228
696
Under Contruction
Completions
2.2%
23,916
Growth Rate
Population
Given our capital city's quality lifestyle and proximity to key services and attractions, Adelaide is poised for continued strong residential growth. Currently 12 apartment developments are underway in addition to seven completed in 2017 alone! The City of Adelaide's 'Free Rates for Five Years' offer has been a welcomed and effective incentive to drive demand for residents looking to reside in the CBD and buy "off the plan" apartments. Applications for the 'Free Rates for Five Years" incentive will end on 30th June, 2019. There is now limited time left for owner occupiers to contract to purchase to ensure they benefit from this offer. If you would like to discuss what opportunities we have to purchase existing and "off the plan" apartments in the CBD please contact one of our team members.
Sales.
13A&B Newman Street, Magill 362
3
2
1
2/3 Denning Street, Hawthorn 2
2
2
1
6/3A Brook Street, Torrens Park 2
2
1
0
1
$559,500
$525,000
$370,000
64 Balmoral Avenue, Magill
705/15 Vaughan Place, Adelaide
Lot 50 Battams Road, Royston Park
697
3
1
1
4
1
3
2
3
$565,000
$1,530,000
53A Avenue Road, Highgate
302/191 Greenhill Road, Parkside
859
4
1
2
1
1
823
$777,500
1
1
1
17 Sovereign Street, Hallett Cove 600
3
1
0
1
$920,000
$280,000
Contact Agent
41 Mitchell Street, Millswood
7 Hart Avenue, Unley
8 Highland Avenue, Torrens Park
752
4
2
Contact Agent
2
2
627
3
$960,000
1
1
1
700
2
$590,000
1
1
1
How is your suburb tracking? Suburb
Median House Price
Eastwood
$608,500
Highgate
$875,000
Goodwood
$786,000
Linden Park
$844,000
Malvern
$1,186,000
Parkside
$870,000
St Georges
$738,000
Unley
$1,007,000
Unley Park
$3,125,000
Wayville
$732,000
Urrbrae
$828,000
Netherby
$870,500
Fullarton
$870,000
Dulwich
$1,294,000
Myrtle Bank
$959,000
Frewville
$889,000
Glenunga
$1,100,000
20
Properties sold by Harcourts Brock Estates
21
Average days to sell
89%
Properties sold were houses
$179,000 lowest sale price
$5,200,000 highest sale price
Looking for a change this Winter? Is Winter your season of change on the home front? We are here to help. If you are thinking of selling your home, get in touch today to organise a no obligation market appraisal of your property. Call 8230 5800 to book today!
Sales.
4/2 Atkell Avenue, Campbelltown
74 Rose Terrace, Wayville 975
4
3
3
1
3
1
0
1
61 The Boulevard, Bellevue Heights 2092
$1,420,000
$179,000
$350,000
11 Charlotte Place, Adelaide
2B Bennett Avenue, Beaumont
33 Holbrooks Road, Flinders Park
4
2
2
2
$975,000
4
$1,230,000
3
2
3
2
$1,075,000
2
4
2
830
4
$750,000
385
3
$1,560,000
6 Kooraweera Street, Hallett Cove
31 Kitchener Street, Netherby 947
453
1
x
1
2
1
2
Our Sales Team.
Kimberley Shorland Director 0412 523 723Â Â
Trent Shorland Director 0413 519 954
Alexander Zadow Sales Consultant
Georgie Young Sales Consultant
0413 700 631
0431 929 953
Michael Brock Director 0418 820 395
Get in touch. 67 Unley Rd, Parkside SA 5063 08 8230 5800 info.brock@harcourts.com.au