Market Overview Calamvale Autumn Edition 2019

CALAMVALE AUTUMN EDITION 2019

Market overview page 4

Federal election 2019: how it affects real estate page 6

Sales for the quarter page 8

Benefits of interior styling page 10

Community news page 12

Easy retirement living page 14

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Property Report brought to you by your Calamvale area specialist

JESS CHIA 谢丽燕

0430 458 822 jesschia@eplace.com.au

Hello

friends & family We hope you have had a great start to 2019 and you got some muchneeded time off with family as well as friends over the Easter break. It feels like a few short weeks ago we were welcoming the start of 2019 but as we continue to navigate the year, we will be looking at the end of financial year and the Queensland winter season before we know it!

In this quarterly wrap up, we’ve put together some key information to keep you updated with the latest sales, developments and community news happening in your local area.

The last 3 months of the financial year are often an interesting and busy time for the real estate industry as lots of home owners look to make a move on, cash in or get an update on their investment allowing them to financially plan for the forthcoming financial year.

As always, we appreciate your support and feedback on our market reports and we try our best to bring you the most relevant and up to date information possible. If there’s anything in regards to real estate you would like to know about or even if you would like to feature your local business in our next issue, please don’t hesitate to get in touch. We love supporting our local community!

Enjoy this issue!

Your local specialist | Place Sunnybank

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Calamvale | Carindale | Drewvale | Eight Mile Plains Kuraby | Macgregor | Mount Gravatt East | Parkinson Robertson | Rochedale | Rochedale South | Runcorn Stretton | Sunnybank | Sunnybank Hills | Wishart

PLACE SUNNYBANK TEAM

Contents Page 4

Market overview

Page 5

Suburb statistics

Page 6

Federal election 2019: How it can affect real estate

Page 8

Houses sold

Page 10

Benefits of interior property styling

Page 11

RateMyAgent awards 2019

Page 12

Community news

Page 14

Brookland Retirement Village: Easy retirement living

Page 16

Your suburb specialist

2017 FINALIST REIQ Large Residential 2015 REIQ LARGE RESIDENTIAL AGENCY OF THE YEAR Disclaimer: Every effort has been made by Place Sunnybank to ensure that all information in this document is correct at time of printing.

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January - April 2019

Calamvale’s Market place overview

Positive buyer activity Whilst I am still seeing strong buyer activity (hence have achieved many top sales for my owners), sadly I have noticed an increasing number of other sales where poor advice and strategy has cost sellers both time and money. Current market conditions require an agent with a good sale strategy and strong negotiation. Your choice of agent (one who can adapt to this market) is more crucial than ever before.

More smaller homes sales this quarter Hence why Calamvale’s median price appears to have taken a bit of a tumble this quarter. We saw a higher than usual percentage of ‘smaller home’ transactions. Most of these sellers were either cashing up, up-sizing or upgrading.

Low number of sales Calamvale sale transactions dropped by almost half. However this is quite typical as the start of the year always gets off the ground a bit slower compared to the end of year rush.

Jess Chia Your Calamvale Specialist “How is the market?”

Without a doubt, the number one question I’ve had from many Calamvale homeowners since the turn of 2019.

A few notable changes in the market: • Less ‘for sale’ signs • Home loan criteria tightening • Large differences in prices between similar properties • Upcoming election

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Despite this, when comparing the capital cities across Australia, Brisbane is in fact the strongest market of all.

Less new listings What is interesting is that 10 of the 20 sales were actually properties that were listed in late 2018, meaning that there have been very few new properties offered to the market this year so far, only 11 over 3 months to be exact. So there is no doubt that supply is at an all-time low.

Focus on the national election With any upcoming election, the question of who will get in can often impact the real estate market due to the potential policy changes. We will definitely be keeping and close eye on this in the coming months.

Summary: Calamvale’s market is still going well. However we are seeing a number of sales with lower than usual prices (often due to poor sales strategy and representation).

Have buyers shied away from buying?

It certainly doesn’t appear so! Here’ a summary of our recent Calamvale results that prove it.

20 Houses sold in

CALAMVALE

2019 QUARTER 1 | JAN - APR 2019

Over 84 groups of buyers came through our campaign at 12 Alfred Cct Calamvale

At Place, we continue to achieve record prices regardless of the market.

For our clients who recently sold with Place, 2019 started with a very positive BANG!

HIGHEST SALE PRICE

$920,000 VS. 2018 Q1 | $898,000

2018 Q4 MEDIAN PRICE

$650,000

VS. 2018 Q1 | $667,251

• Place Auction Success (Calamvale): 100% • Place achieved 3 of Calamvale’s top 5 sales • Place broke an all-time Calamvale price record • Place auctions average 70 groups of buyers • Place average days on market: 31 days As a local in your market every day, I aim to be as relevant in providing valuable information to you as possible so if you have any queries about the local market, or curious about where your home sits in the current market, I’d be more than happy to have a confidential chat with you.

Contact Jess Chia 0430 458 822

jesschia@eplace.com.au

AVERAGE DAYS ON MARKET

76 days

VS. 2018 Q1 | 42 days CHANGE IN MEDIAN PRICE

-7.4%

VS. 2018 Q1 | -1.43%

24.5%

5 YEAR GROWTH

$465 p/wk

AVERAGE RENT FOR HOUSES

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FEDERAL ELECTION 2019 how it could affect real estate There will be a number of hotly contested topics relating to real estate at the upcoming* election including negative gearing, capital gains tax and the banking royal commission. Read on to see how this might affect you and your property.

Negative gearing The way the Liberals tell it, the choice that voters face this election is: vote for the Coalition and the economy will prosper; vote for Labor and the economy will crash.

Perhaps no policy debate has highlighted this messaging more than negative gearing.

The LNP wants to keep the policy as it is, while Labor wants to limit the tax concession to newly constructed properties from 1st January 2020. All investments made before this date will not be affected by the changes and allow for negative gearing (this is called the ‘Grandfather Clause’).

First home buyers might see this as an opportunity to get their foot in the door with a potential drop in investor activity, meaning one less buyer group in the market that they have to compete with.

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*at the time of print

Existing homeowners might be concerned about a potential drop in investor activity.

The change in policy could see less demand and buyer competition, resulting in falling prices.

Capital Gains Tax Currently, people who sell an investment property that they have owned for more than 12 months are eligible for a 50% discount on the tax, which they would normally have to pay on any profit made from the sale.

As with negative gearing, the LNP wants to leave this policy as it is, while Labor wants to reduce the discount from 50% to 25%, in an attempt to tilt the playing field in favour of first-home buyers.

In a similar scenario to the previous policy, this reduction in tax concession may spell good news for buyers, particularly first-home buyers as they face less competition from

investors. However for investors, without the same tax breaks it might disincentivise them from investing further in real estate or have them demand higher rental yields to make up for the lack of concession. And for that to happen, either the price of the investment property needs to go down, or the rent needs to go up, once again putting a downward pressure on house prices.

Banking royal commission Led by Commissioner Kenneth Hayne, the inquiry has dominated headlines in recent months bringing to light a range of unethical practices in the banking and financial industry. As a result, banks have already been forced to carry out more diligent checks before lending out money, making it harder for buyers to access finance. With this in play, buyers will either get finance knocked back or borrow less, therefore bidding less on houses resulting in prices falling.

No matter which party gets voted in, both parties have apparently agreed to implement recommendations made by the commissioner Kenneth Hayne’s final report. For more information on this final report, visit: https://financialservices. royalcommission.gov.au/Pages/reports.aspx 7

Source: realestate.com.au, 2019

QUARTER 1 2019

CALAMVALE SPEC

Address

Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

12 Redcedar Cres

4, 2, 2

632

33

19-Feb-19

$470,000

103 Hamish St

4, 2, 2

460

46

26-Mar-19

$490,000

7 Van Wirdum Pl

3, 2, 2

450

67

16-Jan-19

$520,000

17 Montana Pl

4, 2, 2

604

120

2-Jan-19

$525,000

80 Candytuft Pl

4, 2, 4

555

83

23-Jan-19

$529,888

19 Bundabah Dr

4, 2, 2

600

76

1-Feb-19

$560,000

42 Murphy St

3, 2, 2

450

201

19-Feb-19

$565,000

4 Corypha Cres

4, 2, 4

511

70

20-Mar-19

$573,800

45 Maywood Cres

5, 2, 4

768

91

30-Jan-19

$646,000

6 Bodega Ct

4, 3, 2

600

89

8-Jan-19

$650,000

29 RUTHERGLEN CRESCENT, CALAMVALE

$775,500

SOLD BY PLACE SUNNYBANK

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SOLD DOM | Days on Market

4

2

2

LAND SIZE

600m2

DOM

24

SALE DATE

16 FEB 19

QUARTER 1 2019

CALAMVALE SPEC

Address

Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

7 Caravonica Crt

5, 2, 2

384

27

25-Feb-19

$650,000

6 Clembury Pl

4, 2, 2

652

48

11-Mar-19

$657,000

27 Bellflower Pl

4, 2, 2

792

89

30-Jan-19

$710,000

65 Azalea Cres

4, 3, 2

827

167

4-Mar-19

$730,000

53 Chateau St

5, 5, 3

1,245

83

21-Jan-19

$762,000

29 Rutherglen Cres 4, 2, 2

600

24

16-Feb-19

$775,000

15 Rutherglen Cres 4, 2, 2

680

28

2-Mar-19

$817,500

10 Hunter Cl

5, 3, 2

702

26

16-Feb-19

$893,800

16 Watervale Pl

5, 3, 2

700

87

09-Feb-19

$900,000

25 Watervale Pl

5, 3, 2

700

21

25-Feb-19

$920,000

16 WATERVALE PLACE, CALAMVALE

$900,000

SOLD BY PLACE SUNNYBANK

SOLD

5

3

2

Information correct at time of print as sourced from RP Data and Pricefinder.

LAND SIZE

700m2

DOM

87

SALE DATE

09 FEB 19

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7 WAYS INTERIOR STYLING CAN INCREASE YOUR SALE PRICE First impressions are everything when potential buyers click on a property listing or walk into a home open. We incorporate these 7 vital methods into our professional styling to maximise the final selling price for our clients.

1. Decluttering Nobody wants to buy a home that’s filled with signs of someone else’s life, so be sure to tidy away keys, notepads, magnets from the fridge and everyday clutter. Having trouble finding space? Natural textured baskets and boxes provide beautiful storage options to help you easily hide things away.

2. Updating walls with fresh paint Painting is one of the simplest ways to add value to your property’s sale price. A walk through the property can help to identify areas that can be freshened up with new coats of paint, and don’t forget to look up – crisp white ceilings can make rooms feel larger and more open.

3. Adapting room purposes While it’s impossible to tap into the mind of every potential buyer, it pays to consider how your rooms can be used to their best advantage. While you might have an unused formal lounge area in a corner of your home, adapting this into a modern office space or extra bedroom could add appeal and value.

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4. Refreshing curtains or window coverings Modern window coverings are a world away from those of even a decade ago. If your property features curtains or out-dated vertical blinds, it can be worth investing in sheer blinds or sleek timber venetians to update your rooms and add a sense of privacy – particularly in front-facing rooms.

5. Hanging artwork to suit the space There’s no need to convert your property into a modern art gallery, packing away personal photos and replacing them with proportional, appealing artworks can add value. The size and location of artwork can either enhance or diminish a space, so if in doubt trust an experienced stylist.

6. Choosing the right rugs Just as with artwork, a rug can ‘make or break’ a room. A rug that is the wrong shape or size for its space can actually create a sense that something isn’t quite right. When home staging in Brisbane, our stylists carefully select rugs to define areas and add a sense of comfort to each space.

7. Thinking light and bright Properties can be transformed by the right lighting. Our property stylists employ a number of techniques to make rooms feel larger, including the use of white or light paint, updating old-fashioned globes with modern LEDs or warm fluorescent options, and – most importantly – letting natural light flood in.

If you would like to know more about our services, or would simply like an obligationfree quote, contact us today.

KATRINA CUNNANE State Manager & CRM T: 1300 387 647 M: 0498 800 888 E: katrina.cunnane@furnishandfinish.com W: www.furnishandfinish.com

5 REASONS TO CHOOSE PLACE SUNNYBANK 2019 AWARDS

SUNNYBANK

QUEENSLAND

AUSTRALIA

We are extremely proud to receive the 2019 Agency of the Year award in Sunnybank from RateMyAgent. We are also incredibly honoured to land within the Top 10 Agencies in Queensland and Top 100 in Australia overall. We want to sincerely thank each and everyone of our clients for our wonderful reviews over the past year.

PROPERTY MANAGEMENT 1. Skilled Real Estate Professionals, bilingual in Mandarin and English 2. Highly experienced property managers providing exceptional customer service for all clients 3. Over 20 years industry experience across the team 4. Expertise in relevant legislative requirements to minimise unnecessary property investment risks 5. Providing Quality service and value for money Contact us today for a free rental appraisal or simply get some property management advice.

T: 07 3193 8788 E: sunnybankrentals@eplace.com.au

We will strive to continually improve, so if you are seeking any real estate advice, please do not hesitate to get in touch with your local agent, we are always happy to help.

3A/531 Kessels Rd, MacGregor QLD

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COMMUNITY NEWS

MARK YOUR CALENDARS FOR EXCITING

EVENTS & DATES PANIYIRI GREEK FESTIVAL 2019 WHERE: Musgrave Park & The Greek Club, South Brisbane WHEN: Saturday 18th – Sunday 19th of May 2019

STATE OF ORIGIN: GAME I WHERE: Suncorp Stadium, Brisbane WHEN: Wednesday 5th of June 2019

NIGHT NOODLE MARKETS WHERE: South Bank, South Brisbane WHEN: 24th of July – 4th of August 2019

EKKA: ROYAL QUEENSLAND SHOW WHERE: Brisbane Showgrounds WHEN: 9th – 18th of August 2019

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Stan’s Secret Recipe

CACIO e PEPE This pasta is incredibly flavorful and oh-socomforting, perfect for the upcoming colder months. Cacio e Pepe, is a tasty and quick alternative to Carbonara.

1

Boil water in a large pot (boil 2 litres of water with 200g of salt), once the water is boiling cook the pasta according to cooking guide on the packet.

2

Strain pasta once cooked. Keep the pasta boiled water.

3

Beat eggs in a bowl and combine with parmesan cheese, salt and pepper (egg sauce).

4

In a large fry pan or a wok, pour the olive oil and put the chopped garlic and turn heat to high. Be present and mix the garlic well until it starts chirping. *don’t let it burn.

5

Once the garlic is aromatic, put the bacon and the chilli flakes in and stir fry until the bacon turns a bit brown.

Eggs x 4

6

When the bacon is ready put the pasta in along with 4 table spoons of pasta water and stir well.

Thinly sliced bacon strips 100g

7

Stir well until the pasta, bacon, garlic and chilli is mixed well then pour the egg sauce into it and mix well. Stir/mix quickly, count till 10 and remove off heat immediately. *Best when the egg is slightly runny.

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Serve and garnish with parsley!

INGREDIENTS (Serving for 2)

Pasta/Spaghetti 180g Chopped Garlic cloves x 8 Chilli flakes x 2 tsp (2 tblsp if you like it to be spicy) Olive Oil x 2 tblsp

A pinch of Salt, black pepper (coarse) & parsley Salt for boiling pasta – 1% of water (for 1 litre of boiling water use 100g) Shredded parmesan cheese 150g

Fun fact: Stan, one of our team members here at Place Sunnybank, used to run his own restaurant!

Tasty!

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18 Romulus Street, Robertson

Are you or your loved ones finding it harder to stay on top of things around the house?

As we get older, maintaining a large home and garden can begin to feel more burdensome and time-consuming than it used to. If your current home is becoming a source of stress or worry, it might be time to think about a change. Retirement village living can be an ideal option for those who want to downsize and enjoy an easier, lowmaintenance lifestyle.

At Brookland Retirement Village, residents can hand all home and garden maintenance over to experienced staff.

Everything is taken care of, from mowing the lawn and cleaning the gutters to changing light bulbs. Even things like the oven and hot water system are maintained and replaced by the village operator, rather than the resident.

With everything looked after, residents have more time for the things they enjoy, like seeing loved ones, travelling, pursuing hobbies, or getting involved in the social side of village life. At Brookland, you can participate as much or as little you choose, but many residents say moving to a retirement village helped to improve their social life thanks to the wide range of organised activities, get-togethers, functions and classes on offer.

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Most retirement villages have a community centre that play host to all these events as well as housing communal facilities. These may include a library, hairdressing salon, auditorium, swimming pool, gym, consulting rooms for visiting health professionals, and even a café.

Having all this at your fingertips is especially handy for those who don’t drive–as is the private village bus, which offers shopping trips several times a week.

Another key benefit is the supportive, friendly environment. In a retirement village, unlike a residential complex, residents can feel secure and comfortable knowing they live among people at the same stage of life, which brings a strong sense of belonging and community.

Brookland Retirement Village resident Ann Fletcher is enthusiastic about the benefits of village living.

“It’s great. Everyone is friendly and we all look out for one another, we haven’t looked back!”

Brookland Retirement Village currently has a range of beautifully renovated independent living villas and apartments available for sale.

If you think a retirement village might be right for you, call the team at Brookland on 3345 9143 or visit brookland.com.au to book a personal tour.

BRENDAN YUNG T: 0404 526 526 E: brendan.yung@bytherules.com.au

DAVID YANG

Mortgage Specialist m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589

“I will always be striving to provide THE MOST MEMORABLE conveyancing experience for all my clients.”

Open the door to quicker and better finance options for your client We provide real choice between lenders We do the legwork We may negotiate a better outcome We keep the competition alive We help at a time & place that suits you

Lawn Mowing Hedging & Pruning Rubbish Removal Gutter Cleans Tree Lopping Property Make Over Specialist

Interior & Exterior Renovations

TEL 0419 768 432

HANDY MAN JOBS “NO JOB IS TOO BIG OR SMALL”

peter@peterpansservices.com.au

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Jess Chia WHAT MY CLIENT SAYS

PASSIONATE, KNOWLEDGEABLE, THOROUGH

“The campaign worked very well and this was due to Jess’ hands on approach and we thank her very much for this. We would highly recommend Jess if you were looking at selling.

Calamvale resident of 20+ years, Mark and Jacqui

CALL, TEXT OR EMAIL ANYTIME

Jess Chia 谢丽燕

0430 458 822 | jesschia@eplace.com.au Your Place Calamvale Specialist

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