Toowong & Auchenflower Sales Update: Summer 2017
Toowong & Auchenflower sales update: Summer 2017
More owners are appearing to choose to hold on to their homes.
There has not been much change to the story for the Toowong Auchenflower area in this reported quarter, as once again 4006 continues to remain stable with both the house and apartment median prices staying steady for the third quarter.
An additional 44 houses were sold in the quarter, bringing us to 121 sales for the 9 months to September. The turnover for the year looks like it will be down a little for 2016, with more owners choosing to hold on to their homes. The median house price has stayed reasonably level after experiencing several years of good steady growth.
Transaction levels for apartments have slowed after the increased jump of sales recorded since 2013, and there has been a gradual, though marginal, decline in pricing over the last couple of years. Compared to the fluctuations of other surrounding suburbs, it could be that 4006
is a potential hot spot waiting to happen in 2017, with improved transport corridors and the closeness to the Brisbane CBD. Watch this space!
Note: our graphs track the sales stats 3 months in arrears only as it takes this long for fully accurate records to finalise.
For an updated report on your suburb or a property appraisal, please contact our Sales Team on 07 3214 6800.
Continue reading about Toowong & Auchenflower’s Rental Update – Summer 2017 on our blog.