QMR

QUARTERLY
MARKET REPORT
NEW FARM, NEWSTEAD, TENERIFFE, FORTITUDE VALLEY
JANUARY - MARCH 2015
TOM LYNE
RAY WHITE NEW FARM

I hope everyone had a very safe and enjoyable
Christmas break and had an opportunity to recharge
their batteries for what I think will be an exceptional
year ahead of us. As we embark on 2015, reflecting
on the 2014 market provides an indication of what
we can expect over the coming months. In monitoring
the New Farm peninsula as a whole (New Farm,
Teneriffe, Newstead and the Fortitude Valley), it was
evident that all areas of the market have seen growth
on the previous year, whether it be a two bedroom
investment apartment or prestige riverfront homes,
each individual market performed significantly better
than the previous year in 2013. The latest Core-
Logic RP Data results show that capital city home
values in Australia rose by 7.9% in 2014, with Brisbane
seeing 4.8% in growth for the year compared to
Sydney’s 12.4% and Melbourne 7.6%. These figures
put Brisbane as Australia’s third highest capital city
growth in the country for 2014.
With growth statistics like these and a strong finish
to the last quarter of 2014, the big question I am
now regularly asked is “will the momentum of last
year’s market continue through into 2015?” I believe
the answer is yes.
Throughout the last quarter of 2014, there was
“
MARKET UPDATE
2015 MARKET REPORT
JANUARY - MARCH 2015
I EXPECT THESE PRICES TO HOLD FIRM AND CONTINUE IN 2015
WITH BUYER ENQUIRY ALREADY UP ON LAST YEAR COUPLED WITH
INTEREST RATES STILL BEING HELD AT AN ALL-TIME LOW.
REFLECTING ON 2014’S MARKET
and still is a strong demand for un-renovated
houses and cottages within the area, with many
buyers opting to design and renovate to their particular
needs. This has brought on a shortage of
stock which has resulted in some exceptional prices
achieved for our sellers and also set new benchmarks
in prices that have now exceeded previous
prices pre GFC. I expect these prices to hold firm
and continue in 2015 with buyer enquiry already
up on last year coupled with interest rates still
being held at an all-time low. CoreLogic RP Data
research analyst Cameron Kusher recently stated,
“Detached housing remains in high demand despite
the higher price point.” He said we haven’t
seen the same ramp up in building approvals for
detached housing compared with multi-unit dwelling
approvals.
In 2014, the capital gain on houses compared to
units was higher, with house values gaining 8.4%
over the calendar year compared with a 5.1% increase
in unit values. (PropertyWire 2015)
Many owners, who had been planning to sell
their homes or investments, took the plunge and
made the decision to market their properties, with
a high number being sold within weeks of being
listed. Chief Executive Officer of REIQ, Antonia
Mercorella said house sales activity continued to
improve, with figures revealing a five per cent increase
across greater Brisbane in the September
quarter.
Sydney and Melbourne have always been known as
the leading capital cities in Australia for record-high
QUEENSLAND’S AUCTION SUCCESS
“
auction numbers and auction success rates. Brisbane’s
appetite and understanding for auctions
is continuing to grow, which is closing the gap on
both Sydney and Melbourne. November 2014 was
a record month for the highest number of auctions
conducted. Brisbane had an unprecedented spring
auction selling season, with 2093 homes listed and
going under the hammer. The previous high was
1729, recorded in spring 2010. When auctions are
understood correctly they are the most transparent
way in transacting property for the highest price.
New Farm is now one of Brisbane’s leading suburbs
for auctions and level of success rate.
Experts are talking that the current weakness in
jobs and wage growth means that inflation is un-
HOW LONG WILL THE LOW
INTEREST RATES LAST?
likely to cause the Reserve Bank of Australia to raise
interest rates for the short term. Consequently if interest
rates rose, we would see a major slowdown in
the economy and will trigger the exchange rate to go
against us. Therefore the Reserve Bank has almost
no option, but to keep the official cash rate at barrel.
Reserve Bank of Australia governor, Glenn Stevens
indicated that interest rates may need to stay
low for years because of the weak economy, but
warned this would only be possible if property prices
are kept in check. “Leaving interest rates low
could cause further house price increases as investors
look for a better return than they can get in the
bank.” (RBA 2014)
Dr Andrew Wilson, senior economist for the Domain
Group said, “The rate of growth in Brisbane
will depend on local supply and demand factors,
rather than the overarching incentive of low and
falling interest rates, which has driven markets generally
over the past two years.”
In such a competitive market banks are now offering
deals and incentives to try and win your
business that we haven’t seen before. When researching
or shopping around for a new home loan
or looking to refinance your current mortgage remember
to push the banks for a better deal than
what is advertised. At Ray White New Farm we
work closely with Loan Market and Paul Hixon.
Paul in 2014 was such an asset for my clients, securing
rates substantially lower than the industry
advertised rates. Please feel free to call me directly
or Paul if you are looking for some advice on how to
best approach your new home loan.
I have several clients asking me what the dynamics
of the 2015 market will be. Although this is something
I cannot simply predict, looking back at the
“
WHAT TO EXPECT IN 2015?
steady trends from 2014 can give a clear indication.
The Brisbane market has experienced a resurgence
of activity over 2014 as market confidence
strengthened significantly over the past 12 months.
In addition, current stock levels are the tightest
since the market peak in 2007, resulting in the
number of days on the market shortening to less
than 45 days for the suburb and fewer than 30 days
for Ray White New Farm.
Last year’s property market ended on a strong note,
with homes still being negotiated all the way up to
Christmas Eve. Looking at the trends we have seen in
2014, I expect the positives of the market to continue.
Dr Andrew Wilson, said that Brisbane would have a
similar year to 2014, with inner city, blue-chip areas
outperforming the market. He also predicted Brisbane's
growth would be better than most other capital
cities. According to Mr Kusher, Corelogic RP Data
expects dwelling values will continue to appreciate in
2015, at least across the combined capital cities.
Predictions by property analysts pinpoint Brisbane
as a property market to watch in 2015. A property
forecast by the National Australian Bank puts
Brisbane near the head of the pack over coming
years. By their estimates, Brisbane prices are expected
to increase by 6.3 per cent in 2015, the highest
anticipated growth of any capital city.
While dwelling values are generally still rising,
rental growth is sitting at its lowest annual rate
in more than a decade, with combined capital city
rents increasing by just 1.8 per cent over the past 12
months. House rents have increased by 1.7 per cent
over the past year compared with a 2.4 per cent for
units. With value growth outpacing rental growth,
yields continue to shift lower. (CoreLogic 2015)
BY PROPERTY ANALYST ESTIMATES, BRISBANE PRICES ARE
EXPECTED TO INCREASE BY 6.3 PER CENT IN 2015 THE HIGHEST
ANTICIPATED GROWTH OF ANY CAPITAL CITY.
“
TOM LYNE
LICENSED REAL ESTATE AGENT
TOM
LYNE
AVAILABLE 7 DAYS ON: 0423 696 862
D: 07 3358 0603
O: 07 3254 1022
tom.lyne@raywhite.com

2014-2015 SALES BY TOM LYNE
FOR RAY WHITE NEW FARM
26/46 Arthur Street, Fortitude Valley
$595,000
4/73 Oxlade Drive, New Farm
$473,000
6/41 Griffith Street, New Farm
$451,000
13/378 Bowen Terrace, New Farm
$425,000
16/27 Cunningham Street, Newstead
$825,000
1 Gray Street, New Farm
$1,595,000
30/45 Moray Street, New Farm
$540,000
31 Hetherington Street, Herston
$591,000
225/1000 Ann Street, New Farm
$530,000
9A Hickey Street, New Farm
$1,280,000
116 Heal Street, New Farm
$1,505,000
55 Mountford Road, New Farm
$1,550,000
45 Dalrymple Street, Wilston
Sold
17/140 Sydney Street, New Farm
$ 785,000
29/45 Moray Street, New Farm
$530,000
23/2 Oxlade Drive, New Farm
$660,000
6/44 Moray Street, New Farm
$700,000
5/95 Oxlade Drive, New Farm
$480,000
632/1 Newstead Terrace, Newstead
$3,225,000

NEW FARM PENINSULA
TOP SALES 2014-2015
HOUSE SALES 2014-2015
MARKET SHARE OF NEW LISTINGS
50 %
RWNF
Houses
ADDRESS SUBURB SALE $ STATUS DATE AREA SIZE
Units
24 %
RWNF
#1
AGENCY
FOR
NEW AND
SOLD LISTINGS
CIRCA $330M TOTAL VOLUME
OF PROPERTIES SOLD IN 2014
MARKET SHARE OF SOLD LISTINGS
66 %
RWNF
26.5%
RWNF
49 Macquarie Street Teneriffe $5,150,000 Off Market 05/11/2014 354m 2 3 bed, 2 bath, 2 car
77 Macquarie Street Teneriffe $3,785,000 Auction 04/12/2014 365m 2 MARKET 4 SHARE bed, 3 OF bath, SOLD 3 car LISTINGS
Houses
Units
265 Kent Street Teneriffe $3,350,000 Sale by Neg 17/04/2014 607m 2 5 bed, 3 bath, 4 car
26.5%
26 Chester Street Newstead $3,275,000 Auction 30/03/2014 579m 2 RWNF
66 7 bed, % 11 bath, 4 car
RWNF
192 Heal Street New Farm $3,100,000 Auction 24/05/2014 926m 2 5 bed, 3 bath, 3 car
81 Chester Street Newstead $2,900,000 Auction 01/08/2014 966m 2 Houses 5 bed, 3 bath, 2 bed Units
55 Kingsholme Street Teneriffe $2,800,000 Sale by Neg 13/01/2014 607m 2 5 bed, 3 bath, 2 car
$
CIRCA $330M TOTAL
VOLUME OF PROPERTIES
SOLD IN 2014
72% AUCTION
SUCCESS RATE
MARKET SHARE OF NEW LISTINGS
50 %
RWNF
24 %
RWNF
60 Mark Street New Farm $2,650,000 Off Market 14/09/2014 607m 2 4 bed, 3 bath, 2 car
24 Oxlade Drive New Farm $2,650,000 Auction 15/12/2014 845m 2 4 bed, 2 bath, 2 car
106 Villiers Street New Farm $2,605,000 Auction 05/07/2014 374m 2 5 bed, 3 bath, 2 car
44 Moreton Street New Farm $2,541,000 Auction 22/11/2014 723m 2 6 bed, 2 bath, 2 car
Houses
APARTMENT SALES 2014-2015
Units
120 Annie Street New Farm $2,500,000 Off Market 28/01/2014 1,745m 2 4 bed, 3 bath, 2 car
249 Harcourt Street New Farm $2,500,000 Auction 17/05/2014 486m 2 4 bed, 3 bath, 2 car
233 Kent Street New Farm $2,250,000 Sale by Neg 14/04/2014 1012m 2 2 bed, 2 bath, 2 car
114 Browne Street New Farm $2,200,000 Auction 16/08/2014 374m 2 3 bed, 2 bath, 2 car
16 Browne Street New Farm $2,200,000 Sale by Neg 30/06/2014 577m 2 3 bed, 2 bath, 2 car
30 Gibbon Street New Farm $1,950,000 Sale by Neg 03/02/2014 494m 2 3 bed, 2 bath, 2 car
ADDRESS SUBURB SALE $ STATUS DATE AREA SIZE
MARKET SHARE OF SOLD LISTINGS
1 Gray Street New Farm $4,500,000 Off Market 25/02/2014 475m 2 3 bed, 3 bath 3, car
771/1 Newstead Terrace Newstead $3,712,500 Sale by Neg 27/02/2014 334m 2 4 bed, 2 bath, 2 car
66 %
RWNF
26.5%
RWNF
761/1 Newstead Terrace Newstead $3,588,750 Sale by Neg 01/04/2014 334m 2 4 bed, 2 bath, 2 car
751/1 Newstead Terrace Newstead $3,360,000 Sale by Neg 10/04/2014 334m 2 4 bed, 2 bath, 2 car
31/1 Macquarie Street Teneriffe $2,950,000 Off Market 15/04/2014 308m 2 1 bed, 1 bath, 1 car
872/1 Newstead Terrace Newstead $2,868,750 Sale by Neg 05/03/2014 262m 2 3 bed, 2 bath, 2 car
Houses
169/45 Newstead Terrace Newstead $2,859,000 Off market 30/06/2014 484m 2 4 bed, 3 bath, 2 car
Units
852/1 Newstead Terrace Newstead $2,792,500 Sale by Neg 08/09/2014 262m 2 3 bed, 2 bath, 2 car
861/1 Newstead Terrace Newstead $2,758,250 Sale by Neg 26/02/2014 258m 2 3 bed, 2 bath, 2 car
841/1 Newstead Terrace Newstead $2,700,000 Sale by Neg 04/08/2014 257m 2 3 bed, 2 bath, 2 car
10/6 Merthyr Road New Farm $2,550,000 Sale by Neg 27/05/2014 425m 2 3 bed, 3 bath, 4 car
952/1 Newstead Terrace Newstead $2,120,000 Sale by Neg 04/07/2014 214m 2 3 bed, 2 bath, 2 car
541/1 Newstead Terrace Newstead $2,150,000 Sale by Neg 11/03/2014 204m 2 2 bed, 2 bath, 2 car
6/6 Merthyr Road New Farm $2,000,000 Sale by Neg 28/05/2014 208m 2 3 bed, 2 bath, 2 car
511/1 Newstead Terrace Newstead $1,960,000 Sale by Neg 14/02/2014 289m 2 3 bed, 2 bath, 2 car
65/6 Merthyr Road New Farm $1,925,000 Off Market 09/07/2014 186m 2 3 bed, 2 bath, 2 car
9/6 Merthyr Road New Farm $1,850,000 Sale by Neg 09/07/2014 305m 2 3 bed, 2 bath, 2 car

MY PERFORMANCE
2014 was my busiest and most memorable for
me to date. Working in Brisbane’s most dynamic
Real Estate agency has given me an extraordinary
platform to achieve some outstanding results for
my valued clients. Working and living in the area
excites me every day for what is yet to come. To
personally see this area grow and further develop,
most recently in the past few years has really
cemented the fact that we live in Brisbane’s most
desirable and progressive suburb. I have a strong
commitment in working with New Farm locals and
a passion for the variety and style of homes this
suburb offers. My specialist and expert knowledge
of the market is a key contributing factor to my
success rate.
Integrity is my most important asset, and honestly
at all times forms the foundation that all my work
evolves from. Ray White New Farm’s impeccable
reputation and continued record of success is a
clear indication that I will deliver the highest customer
service levels, aiming to get you an absolute
premium sales result.
The momentum from 2014 and unprecedented
confidence has underpinned a flying start to 2015.
We are already seeing very strong levels of sales activity
within the area and it’s only February.
Feel free to call me anytime to discuss any property
queries you may have.
Wishing you all the best for 2015.
Yours Sincerely, TOM LYNE
CLIENT FEEDBACK
Georgie and Sam Robson
116 Heal Street, New Farm
We have recently sold our home in New Farm,
and had the pleasure of being guided through this
process by the delightful Tom Lyne from Ray White.
We knew from the very moment we met Tom that
he was the right person for the job to assist our family
through the daunting experience of selling our
most valuable asset. He made the process a pure
joy, kept us continually updated throughout the entire
marketing campaign, and secured a great price
for our home at auction, well above our reserve.
Tom’s local knowledge of sales in the area and
an extensive network of contacts were invaluable
during the campaign. If you are considering selling
your home, we have no hesitation in recommending
him to anyone looking to buy or sell real estate in
the area. You will be beyond impressed!
John & Donna McCormack
55 Mountford Road, New Farm
We found Tom to be professional, personable
and ethical. Tom worked diligently to keep us fully
completely informed throughout the marketing and
inspection process and was ably supported by his
Team. We accepted an offer prior to auction that we
were happy with, but at all times Tom was striving
to achieve the best outcome for us. We would definitely
use Tom’s services in the future and have no
hesitation in recommending him.
“
WE KNEW FROM THE VERY MOMENT WE
MET TOM THAT HE WAS THE RIGHT PERSON
FOR THE JOB TO ASSIST OUR FAMILY
THROUGH THE DAUNTING EXPERIENCE OF
SELLING OUR MOST VALUABLE ASSET.
“
Domenica DePasqulae
45 Dalrymple Street, Wilston
I have known Tom Lyne for some 5 years now
and during this time I have watched him develop
into a dynamic young business man and a committed
real estate sales person. Recently I did sell my
family home at Wilston choosing Tom and his Ray
White New Farm team to be my sales agent. I was
continually impressed by his dedicated enthusiasm
in obtaining a successful result for me. Tom’s honesty
and informative advice lead me to committing
to a very comprehensive marketing campaign which
resulted in a positive outcome.
Whilst it was an emotional time for me it was an
absolute pleasure to deal with Tom and have him
present my home at all the open homes. Tom was
always courteous, punctual and most polite providing
me with up to date information daily re the progression
of the selling process. Even my neighbours
at Wilston did commend me on choosing such a
pleasant and positive sales person to sell my property.
I would personally recommend Tom Lyne to
sell your property, I have worked with Real Estate
agents for many years now and I know Tom would
give 100 percent effort and work tirelessly to obtain
the best result possible for you. I look forward to
working with Tom again in the future, either buying
or selling my next property. Please contact me
directly should you wish me to endorse these comments.
TOM LYNE
AVAILABLE 7 DAYS ON 0423 696 862