{"id":14058,"date":"2017-09-26T01:00:47","date_gmt":"2017-09-25T15:00:47","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=14058"},"modified":"2017-09-26T01:00:47","modified_gmt":"2017-09-25T15:00:47","slug":"everton-park-enjoys-low-days-on-market-shannon-davis-madeleine-hicks","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/everton-park-enjoys-low-days-on-market-shannon-davis-madeleine-hicks\/","title":{"rendered":"Everton Park enjoys low days on market \u2013 Shannon Davis + Madeleine Hicks"},"content":{"rendered":"

Next promising suburb on our search of Brisbane is on the Northside.\u00a0 This one is just eight kilometers from the city and is predominantly residential, with more than a quarter of its population residing in semi-detached and higher density dwellings.\u00a0 Everton Park has a median price of $600,000 and a low selling time of just 35 days.
\nTranscript:<\/strong>
\nKevin:<\/strong>\u00a0 Welcome back to the show. My special guest this morning is Shannon Davis from Image Property and also from Metropole Properties. We\u2019re looking at the key suburbs around South East Queensland, particularly Brisbane, that you should be having a look at.
\nThis time we\u2019re going to turn the focus onto Everton Park, Shannon. Tell me a little bit about that.
\nShannon:<\/strong>\u00a0 We\u2019re switching north-side this time, Kevin. Everton Park is a lovely small suburb there, and good shopping, schools, transport \u2013 what we\u2019re looking for. Again, it has a high percentage of owner-occupiers and the vacancy rate is only around about 3%, which is quite good right now. The vendors are only discounting prices by around negative 3.3% off the ask, and it\u2019s had a strong 18.2% growth over three years.
\nKevin:<\/strong>\u00a0 So, it\u2019s a fairly good growth. It\u2019s a fairly consistent area. Low days on market. We\u2019re looking at around 35 days.
\nThere are some pretty constant themes right through all the properties and areas that we\u2019re looking at. Days on market is always around that 30 to 35 days, percentage of renters, and also the yields in there.
\nYields in Everton Park, 3.9% for houses, 4.4% for units. Not the best yields you\u2019ll get, but nice and solid. And I think more particularly, it\u2019s all about the growth, because you mentioned there\u2019s a three-year growth of 18.2%, Shannon.
\nShannon:<\/strong>\u00a0 Yes, yields can lag a little bit behind because of the way we structure leases, 6- to 12-month leases. So, if there\u2019s a bit of a spurt on in capital growth, the yields percentage-wise appear a little bit low.
\nBut again, not much stock on the market. Lots of online searches per listing, and we identified this one, 46 Stretton Parade, Everton Park. A big family house, 4-2-2.
\nKevin:<\/strong>\u00a0 4-2-2?
\nShannon:<\/strong>\u00a0 Four bedrooms, two bathrooms, two car parks.
\nKevin:<\/strong>\u00a0 Thank you. Just qualifying that. That\u2019s in talk there, 4-2-2.
\nMadeleine Hicks from Madeleine Hicks Real Estate is the listing agent. She\u2019s on the line.
\nG\u2019day, Madeleine. How are you?
\nMadeleine:<\/strong>\u00a0 Great, Kevin. Good morning.
\nKevin:<\/strong>\u00a0 Madeleine, just a little bit about this property. Tell me, how long has it been on the market?
\nMadeleine:<\/strong>\u00a0 We\u2019ve been on the market just over two weeks. We\u2019re going into our third week now, and we\u2019ve had a lot of interest in the property. As Shannon said, Everton Park is an area that continually keeps growing in high-end demand.
\nKevin:<\/strong>\u00a0 And what\u2019s the listed price on this one, Madeleine?
\nMadeleine:<\/strong>\u00a0 We\u2019re looking for offers over $649,000. It\u2019s quite difficult finding a four-bedder in Everton Park, a genuine four-bedder where you have the four bedrooms upstairs, and that\u2019s what this home offers. It has the four bedrooms upstairs, the living area, and then downstairs you have utility\/rumpus and then a utility\/fifth bedroom if you wanted or a study down there. So, it\u2019s a big, massive family home.
\nKevin:<\/strong>\u00a0 What sort of buyers are attracted to this, Madeleine? What are you hearing?
\nMadeleine:<\/strong>\u00a0 The buyers that have come through have been mainly families. Again, we have a huge owner-occupier. We have had a couple of buyer\u2019s agents come through \u2013 people similar to Shannon who have recommended the property to their clients. But the majority are families.
\nWe have very good schools in the area, and we also have very good transport in Everton Park because we\u2019re serviced not only by the bus but we\u2019re serviced by two train stations because we\u2019re on the cusp of Enoggera and Mitchelton. So, we have two very good train stations that service it.
\nKevin:<\/strong>\u00a0 Are you opening this one today, Madeleine?
\nMadeleine:<\/strong>\u00a0 Yes, I am. I\u2019ll be there at 10:30 today.
\nKevin:<\/strong>\u00a0 Only an hour and a bit away. If you want to talk to Madeleine about this, it\u2019s 0413 733 617. Madeleine Hicks from Madeleine Hicks Real Estate.
\nAppreciate you squeezing us in to a very busy day, Madeleine. Thanks for your time.
\nMadeleine:<\/strong>\u00a0 Thank you, Kevin. Have a great day.
\nShannon:<\/strong>\u00a0 Thanks, Madeleine.
\nKevin:<\/strong>\u00a0 As Madeleine identified there, buyer\u2019s agents crawling over this one because it\u2019s one of the reasons, I guess, why you\u2019ve identified it, and that is that it\u2019s classic of the sorts of properties that investors are looking at because of a high volume of families in the area, low volume of renters. So, therefore, it\u2019s a good area.
\nShannon:<\/strong>\u00a0 Yes, and something special there with that genuine four-bedroom house. A lot of Everton Park houses at the time are three-bedroom, and we\u2019ve seen some garage conversions and things like that going on. But, yes, a genuine four-bedroom is a big house.
\nKevin:<\/strong>\u00a0 Genuine four-bedroom and very close to the city, too. Good transport, good schools, so good reasons why you want to have a look at that one.
\nJust recapping, we\u2019re looking there at Everton Park, one of the key suburbs in Brisbane. 46 Stretton Parade, Everton Park is the property that we\u2019ve identified there.
\nAny other stats that we should be looking at? I notice one of the things that you do look at is the stock on market. What have you found about Everton Park? It would appear that stock is pretty tight in that area.
\nShannon:<\/strong>\u00a0 Yes, it is going very quickly. It\u2019s 35 days on market, and the stock levels have a lot to do with that. But also, we\u2019ve seen Everton Park really come into itself as part of the shopping destination. There\u2019s a big Woolworths and the JB Hi-Fi and the stuff that have gone into that area as well. It\u2019s really opened up its amenity, and I think we\u2019re seeing that it\u2019s come into favor.
\nIt\u2019s really well-located, as Madeleine said. You can walk to two train stations and it has a great bus network as well. So, it\u2019s what owner-occupiers want, and when we have that, we have the prices going up.
\nKevin:<\/strong>\u00a0 We\u2019re going to come back after the break, and we\u2019ll have a look at the final suburb we want to talk about. And then after that, we\u2019ll give you a bit of a wrap on the Brisbane market, the South East Queensland market, where we see it headed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Next promising suburb on our search of Brisbane is on the Northside.\u00a0 This one is just eight kilometers from the city and is predominantly residential, with more than a quarter of its population residing in semi-detached and higher density dwellings.\u00a0 Everton Park has a median…<\/p>\n","protected":false},"author":176692471,"featured_media":14081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,36,22,25],"tags":[101],"class_list":["post-14058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-research-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nEverton Park enjoys low days on market \u2013 Shannon Davis + Madeleine Hicks - 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