Sunnybank
January 2016 Residential Market Report Proudly brought to you by your Sunnybank specialist Owen Chen
Hello.
At Place Estate Agents the goal is to be the best in the world at selling residential real estate in Brisbane. Key to this achieving this goal is attracting high caliber individuals to the team and we are excited to announce that we (pictured above: Mr. Owen Chen, Ms. Ping Han and Ms. Jess Chia); have joined Place to establish the company’s newest office; Place Sunnybank. Owen, Ping and Jess share the same mantra of service excellence and quality that forms the DNA of Place and its people. Place Sunnybank will be owned and operated by both Owen and Ping; Owen will direct the sales office alongside Ping, who will act as principal, with administration led by Owen’s executive assistant Jess. The trio are experts in the Sunnybank region, having harnessed 50 per cent of the suburb’s market share over the past three years. Owen is a peak performer with 10 years’ experience in real estate and stands as his previous network’s number one residential sales agent in Queensland. In 2015, Owen was named the network’s International Gold Medalist, which placed him in the world’s top 0.25 per cent of agents for the network. Across Brisbane, the Place brand has become synonymous with real estate excellence and we are looking forward to the continued delivery of excellence to the Sunnybank region under the Place brand.
Owen Chen 0413 081 780 owenchen@eplace.com.au
Market wrap.
It’s a great time to own property in Sunnybank. The 2016 property market is very positive, and currently we’re
market soften slightly during the last quarter of 2015, which is
seeing the highest median price we’ve seen in years. With the
historically normal for this period, and since then we’ve seen
benchmark remaining high in the region, Sunnybank continues
stable progress.
to deliver stability with homes selling at a premium price. Let me explain how we got here. During 2010 to 2012, we saw steady, lower prices in the market with a median price of $482,500. But within only one year, this
Sunnybank is currently benefiting from years of steady growth, which is resulting in great success and excellent opportunities for buyers in the market, with Sunnybank currently experiencing peak market conditions.
price saw an upswing to quickly reach $620,000 which was
I understand that buying, selling and investing in property is one
ranked as the median price during 2013.
of the biggest decisions of people’s lives. Therefore, my goal
Many factors came together to spark this price hike – firstly, this was the result of overall strong market momentum which led to strong competition between buyers during auctions. With so
is to empower you by delivering quality property information to ensure you have the necessary tools to make the most informed decisions.
much competition, buyers were forced to make quick decisions
While this report can help you understand the value found in
so they wouldn’t miss out on their dream home.
your suburb, each individual home value differs and it’s important
Additionally, this growth from 2013 stemmed from excellent economic conditions. With the dollar value remaining historically
to consider many factors including property attributes and comparable sales.
low, we saw increased buying power, and, combined with low
Please call me to arrange an appraisal, where I’ll be happy to
interest rates, we saw an increase of investors and first home
help you understand the individual value of your property.
buyers enter the market which fuelled strong growth and activity. Looking at 2014 to 2015, the market remained steady and we saw an 8 per cent increase in house prices. We saw the
I’m looking forward to hearing from you. Owen Chen.
Sunnybank Sales by Owen Chen 2011
38 Altandi Street
23 Arcoona Street
202 Beenleigh Road
4 Aralia Street
23 Waloden Place
206 Beenleigh Road
44 Turton Street
27/141 Station Road
21 Marelda Street
45 Albyn Road
3 Loben Street
22 Agnes Street
49 Devenish Street
31 Lavinia Street
225 Beenleigh Road
57 Everest Street
31 Narooma Street
23 Pinecone Street
6 Selvage Street
32 Kimmax Street
239 Turton Street
64 Everest Street
34 Lavinia Street
29 Marelda Street
7 Arcoona Street
34 Minden Street
29 Mulgowie Street
7 Coolinda Street
41 Odin Street
3 Pictum Place
210 Station Road
71 Mains Road
42 Keats Street
35 Halse Street
23 Keats Street
71 Maud Street
44 Dema Street
38 Lavinia Street
11 Milbong Street
8/24 Altandi Street
47 Wana Street
380 Mccullough Street
67 Maud Street
71 Ardargie Street
49 Altandi Street
42 Newber Street
67 Agnes Street
1 Narooma Street
5 Pember Street
48 Newber Street
59 Maud Street
11 Lavina Street
51 Maud Street
5 Milbong Street
31 Pinecone Street
93 Valhalla Street
55 Mitchell Street
50 Lister Street
11 Minden Street
56 Odin Street
56 Arcoona Street
50 Newber Street
18 Station Road
14 Jedda Place
56 Keats Street
56 Fairbank Street
6 Dema Street
57 Lister Street
6A Ningari Street
58 Gager Street
73 Valhalla Street
7 Dianella Street
75 Turton Street
73 Turton Street
8 Nroinda Street
8 Batford Street
92 Valhalla Street
8 Lawford Street
4 Erna Court 6 Kardinia Street 6 Sunnybrae Street 727 Beenleigh Road
2012
39 Altandi Street 17 Turmba Street
2013
2014 10 Halse Street 10 Pember Street
10 Everest Street
100 Dunedin Street
11 Sherbert Street
11 Samara Street
11 Tranberg Street
12 Maud Street
12 Kythira Street
121 Turton Street
12 Samaha Street
14 Marelda Street
10 Shelley Street
189 Station Road
14 Tranberg Street
11 Dunedin Street
2 Coultis Street
15 Headland Street
118 Young Street
2 Sherrington Street
16 Littler Street
12 Kardinia Street
24/141 Station Road
16 Wen Place
140 Young Street
27 Delafield Street
17 Milbong Street
141 Lister Street
27 Vanessa Street
174 Station Road
15 Fairbank Street
273 Turton Street
19 Kylie Street
16 Aminta Street
297 Lister Street
19 Norinda Street
19 Devenish Street
3/24 Altandi Street
190 Dunedin Street
194 Mains Road
22 Mains Road
2 Aminta Street
197 Lister Street
34 Hedina Street
21 Albyn Road
2 Acorus Place
35 Kimmax Street
21 Pinecone Street
2 Julie Ann Street
84 Maud Street
2015
86 Station Road 90 Mains Road 17 Torumba Place 20 Arcoona Street 23 Sunnybrae Street 3 Naldi Street. 41 Lister Street 46 Devenish Street 83 Dixon Street
Why choose
the Owen Chen Team INDEPENDENTLY RECOGNISED AS THE TOP AGENT IN QLD
Winner of A-List Suburban Agent for 2015 across all agencies What are A-Listers? Independently qualified by Corelogic RP Data.
VIP
50% MARKET SHARE in Sunnybank in the last 3 years. That means 1 in every 2 houses is sold by Owen. My vendors will have the advantage of having access to my extensive client relationships.
• The top 155 agents out of the 40,000+ agents across the 1925 suburbs in Queensland
SURROUNDED BY INDUSTRY EXPERTS
• Sold more than $1.4 Billion in property across Queensland • 5.3x better than every other agent across the state • 9x better sales performance • 7x better listing performance • Vendor feedback as confident and helpful • Have direct data knowledge of their market as opposed to just opinion
EXTENSIVE CLIENT RELATIONSHIPS
Home Staging Top notch property presentation
Lawyers Allows for a smooth legal process
Top Salesperson Winner based on Income Earnt QLD/NT
Top Auction Lister 2nd Place QLD/NT
Diamond Multi-Million Dollar
Owen speaks fluent Mandarin, the first language to
90%
of the buyers in Sunnybank.
Allows for better communication to achieve a higher selling price for all his vendors.
working for you
Owen Chen Team List and sell ratio
95% $$
A team of 3, led by Owen Chen, working 24/7 for the best interest for you and your most valuable asset.
Large company With over 200 sales agents backed with a team of admin support staff and an award winning marketing team.
HIGHER PRICE ACHIEVED
World Champion Salesperson 2nd Place ( Gross Commission)
您好 LANGUAGE SKILLS
LARGE TEAM
2014 - 2015 Awards (previous network)
Top 0.25% across the network internationally
28 days
Reduce the risk of contract crashes
HIGH SUCCESS RATE
International Gold Medalist
Average days on the market only
Home Loan Brokers
• Deliver excellent customer service
HIGH PERFORMING AGENT
SELLS FASTER
SOCIAL MEDIA
13.7%
higher selling price (average)
$739,000
$650,000
Owen Chen’s average sale
Other agents’ average sale
Effective use of social media across mutiple platforms
Facebook Wechat
Sunnybank HIGHEST SALE PRICE
$3.25m
$270,000
NUMBER OF PROPERTIES FOR SALE
AVERAGE TIME ON THE MARKET
LOWEST SALE PRICE
74 days
77 properties
Top 20 Sales for the quarter
◊
Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
21, 25 & 29 Newber Street
8
3
6
1012m2
Oct-15
$3,250,000
2
168 Young Street
5
3
2
600m2
Oct-15
$1,200,000
3
45 Dixon Street
2
1
1
855m2
Nov-15
$1,190,000
4
237 Mccullough Street
7
2
2
718m2
Oct-15
$1,150,000
5
141 Lister Street ◊
3
1
2
1012m2
Nov-15
$1,000,000
6
15 Fairbank Street ◊
4
2
2
848m2
Oct-15
$995,000
7
23 Sunnybrae Street ◊
5
2
2
1158m2
Dec-15
$975,000
8
17 Torumba Place ◊
4
3
2
1277m2
Nov-15
$970,000
9
1 Maud Street
3
1
2
1004m2
Oct-15
$900,000
10
11 Devenish Street
4
3
2
691m2
Nov-15
$895,000
11
83 Dixon Street ◊
7
4
2
799m2
Dec-15
$870,000
12
19 Devenish Street ◊
3
1
2
787m2
Oct-15
$851,000
13
67 Agnes Street
3
1
2
1012m2
Oct-15
$850,000
14
29 Mulgowie Street ◊
3
2
2
834m2
Oct-15
$846,000
15
7 Dianella Street ◊
4
2
2
692m2
Nov-15
$802,800
16
8 Batford Street ◊
3
2
2
556m2
Oct-15
$756,000
17
12 Thor Street
3
1
1
584m2
Nov-15
$750,000
18
20 Arcoona Street ◊
4
1
1
630m2
Dec-15
$740,000
19
38 Lavinia Street ◊
3
2
2
607m2
Nov-15
$730,000
20
2 Julieann Street
3
1
1
579m2
Nov-15
$700,000
Proudly SOLD by Owen Chen & Team
84 MAUD STREET
50 LISTER STREET
Top 10 Sales for 2015 Street Address
Bed
Bath
Car
Land Size
Sale Date
Sale Price
1
21, 25 & 29 Newber Street
8
3
6
1012m2
Oct-15
$3,250,000
2
2/4 Altandi Street
4
5
2
1403m2
25-Sep-15
$1,990,000
3
1 Woodhaven Court
4
2
4
830m2
12-Sep-15
$1,850,500
4
16 Fairbank Street
6
6
3
1012m2
25-Sep-15
$1,600,000
5
29 Boorman Street
5
3
2
1012m2
14-Sep-15
$1,436,000
6
84 Maud Street ◊
1
1
2
2888m2
24-Jul-15
$1,350,000
7
118 Young Street ◊
3
3
2
1296m2
5-Jun-15
$1,258,000
8
50 Lister Street ◊
7
4
3
1098m2
9-May-15
$1,235,000
9
168 Young Street
5
3
2
600m2
22-Oct-15
$1,200,000
10
45 Dixon Street
2
1
1
855m2
30-Nov-15
$1,190,000
3 4 9
7 10
1 5 8 2
6
*About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external sources including CoreLogic RPdata. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of the publication by the author. The transactions reported are for settled transactions reported during October, November & December 2015 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Owen Chen & Place Sunnybank by datachurp.
Familiar face, new place. Owen Chen 0413 081 780 owenchen@eplace.com.au
Get your FREE copy of Owen’s 101 Selling Tips email owenchen@eplace.com.au or call 0413 081 780 or send us a wechat