Market Overview Parkinson Autumn Edition 2019

PARKINSON 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

Property Report brought to you by your Parkinson area specialist

JJ MACALINO

LISA ZHOU

jjmacalino@eplace.com.au

lisazhou@eplace.com.au

0405 223 269

0425 195 258

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

2

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.

3

Statistics

PARKINSON QUARTER 1 2019

29

HOUSES SOLD

$850,000

63 days

$625,000

-4.14%

21.8%

$470pw

HIGHEST SALE PRICE

2019 Q1 MEDIAN PRICE

5 YEAR GROWTH

4

AVERAGE DAYS ON MARKET

CHANGE IN MEDIAN PRICE

AVERAGE RENT FOR HOUSES

Market place overview It has been an interesting start to 2019.

A lot of queries and a lot of concern out in the market. From my conversations with the local community, everyone has either: 1. Noticed less ‘For Sale’ signs 2. Read in the local paper OR 3. Heard from a neighbour, radio or seen it covered on the television about what is going on in the “market”.

The sales data shown from the first quarter of 2019 shows a bit of a mixed response from the local Parkinson market. The number of residential home transactions that have occurred has declined compared to last quarter of 2018. However this isn’t that surprising as the start of the year always gets off the ground a bit slower compared to the mad rush of the last quarter in the year when everyone tries to sell before the holidays come around. What is interesting though is the fact that more than half of the sales recorded 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.

So there is no doubt that supply is at an all-time low. The question is have buyers shied away from buying in Parkinson? It certainly doesn’t appear so, with 4 from the last 5 auctions in Parkinson in the last quarter either selling under the hammer or selling cash unconditionally beforehand.

That is a pretty solid clearance rate of 83% compared with the Brisbane average of around 40% at the moment.

Another point worth making is the fact that the median price appears to have taken a bit of a tumble. However the amount of expensive properties transacting in this last quarter was significantly less compared with what we have seen in previous quarters, therefore making it appear that prices have slumped, when it actual fact, they remain steady.

Everyone’s focus now is the national election that is set to occur on May 18th. Who will get in? Regardless of who gets in, whenever a Federal Election rolls around, pundits, commentators and the public always ponder the likely impact on the real estate market, especially given that the housing market is the backbone of Australia’s economy. We will certainly be keeping a very close eye on this election and its impact over the coming months.

As a local in your market every day, we 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, We’d be more than happy to have a confidential chat with you.

JJ Macalino Team 0405 223 269

5

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.

6

*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

PARKINSON Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

24 Nambung Pl

4,2,2

800

7

2-Jan-19

$818,000

12 Budawang St

4,2,2

533

60

9-Jan-19

$555,000

18 Seaton Pl

5,2,2

731

30

11-Jan-19

$707,000

18 Michigan Cres

5,2,2

850

26

18-Jan-19

$718,000

15 Swanbrook Pl

4,2,2

630

77

20-Jan-19

$650,000

7 Hattah Pl

4,2,2

450

7

30-Jan-19

$515,000

109 Oakview St

4,2,2

600

122

30-Jan-19

$515,000

22 Lakewood Ave

4,2,2

890

78

30-Jan-19

$725,000

15 Lindfield St

4,2,2

700

62

1-Feb-19

$625,000

11 Watarrka Dr

5,2,2

665

84

4-Feb-19

$685,000

38 Bufalino St

4,2,4

500

17

15-Feb-19

$585,000

20 Mapelton Cct

4,2,2

450

247

19-Feb-19

$455,000

45 Lindfield St

4,2,4

667

10

19-Feb-19

$603,000

92 Oakview St

4,2,2

650

73

20-Feb-19

$530,000

24 Daintree Dr

4,2,2

700

26

26-Feb-19

$683,000

SPEC

Address

Sold By

Sold By

8

DOM | Days on Market

QUARTER 1 2019

PARKINSON Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

19 Greenways Esp

4,2,2

833

78

28-Feb-19

$720,000

22 Clarendon Cl

4,3,2

1002

23

1-Mar-19

$850,000

15 St John Cl

4,2,2

940

21

4-Mar-19

$758,000

25 Yengo St

4,2,2

470

18

5-Mar-19

$475,000

3 Warranilla St

4,2,2

700

9

5-Mar-19

$640,000

56 Ontario Cres

5,3,2

800

139

5-Mar-19

$720,000

10 Carnegie Cl

4,2,2

523

70

7-Mar-19

$570,000

28 Pinedale Cres

4,2,2

461

36

8-Mar-19

$527,000

23 Fernhill Pl

4,2,2

762

172

8-Mar-19

$614,000

11 Swanbrook Pl

4,2,2

630

87

11-Mar-19

$560,000

8 Lincon Pl

4,2,3

872

16

11-Mar-19

$810,000

17 Orana Pl

5,2,6

840

105

12-Mar-19

$600,000

29 Mapelton Cct

4,2,2

600

115

15-Mar-19

$550,000

4,2,2

930

19

20-Mar-19

$815,000

SPEC

Address

Sold By

Sold By

6 Cumberland Pl

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

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.

10

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

11

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

12

COMMUNITY NEWS

TEAM MACALINO

PET COMPETITION THE WINNER IS...

Ella with the adorable kitten, Dale. Dale is an energetic kitten that loves a good game of hide and seek. Congratulations guys, you are now featured on the front cover of this report.

We want to thank everyone for participating in the competition and submitting these beautiful photos of their pets. Check out a select few of our participants below, it was certainly a tough call to make in selecting the winner!

13

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.

14

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

15

AWESOME AGENT! JJ and Lisa are great agents! They have given us great advice and listened to what our priorities were. Open home was conducted twice a week with high standard of professionalism. Detailed analysis were provided weekly followed up by a meeting to discuss progress of the listing. We would highly recommend JJ and Lisa! – Meike & Dion, Parkinson sellers

OVER

$100m Total Sales in 12 Months

OVER

177

Transactions in 12 Months

OVER

12yrs Selling in your area

Statistics are for Place Sunnybank and Place Sunnybank Agents in general. All information is correct at time of printing

CALL

JJ MACALINO

0405 223 269 | jjmacalino@eplace.com.au @jjmacalinorealestate

LISA ZHOU

OFFICE 07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109

0425 195 258 | lisazhou@eplace.com.au Follow me on Facebook and WeChat for updates happening in 4115