ROBERTSON 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 Robertson area specialist
JOHN HENG
0430 800 208 johnheng@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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Statistics
ROBERTSON QUARTER 1 2019
8
HOUSES SOLD
$1,500,000
73 days
$1,085,000
13.66%
52.1%
$580pw
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 Property values have trended lower for seventeen months in Australia, falling by 7.4% since peaking in October of 2017. Markets that peaked earlier have shown the most substantial downturn (Sydney -10.9%, Melbourne -9.8% in the last 12 months), but despite the retreating of market values, the national index is still 15.9% higher than 5 years ago, highlighting that most property owners remain in a strong equity position. According to Corelogic research, Brisbane has seen an annual reduction in value of -1.3% in last 12 months. More specifically in Robertson: • The median sale price has raised by 13.66% to $1,085,000 in the last quarter
this superb suburb. Not all suburbs are equal, and at this moment research has shown that gentrification has shifted the market to buying in the inner- and middle-ring suburbs. Buyers are looking for dwellings that are closer to the CBD and their employment. They are choosing smaller dwellings as they are single, getting married later, and/ or having less/no children. Certain landmarks also add to demand such as shopping centres and school catchments. There is demand for these locations but no land available for release, and therefore these soughtafter areas are still growing despite the market trends.
Robertson has experienced a great run and enjoyed substantially more • There have been 8 sales in the first growth than other parts of Brisbane, quarter of the year compared to 11 in and is still performing reasonable stable the previous quarter so far. With more in-dept information of where these quality and qualified • Days on market has increased from 65 buyers are coming from, I am offering to 73 days on market my knowledge as your area specialist This rapid capital growth in Robertson to advise you as to how you should is directly resulting from Brand new manage and maximise your asset. properties sold in the Mid $2,000,000 Call me on 0430 800 208 or email me in the first quarter, as well as subdivision at johnheng@eplace.com.au to make blocks which is driving Robertson an enquiry. Market at this point of time. Builders and Homeowners are passively looking for John Heng | Area Specialist opportunity to strike either for a decent profit or building their dream homes in
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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. 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
ROBERTSON
17/37 Hillardt Street
12/36 Hillardt Street
2 Bed | 1 Bath | 1 Car
2 Bed | 1 Bath | 1 Car
LAND SIZE
125m2
DOM
111
SALE DATE
4 FEB 19
148m2
DOM
49
SALE DATE
15 JAN 19
SOLD: $288,000
SOLD: $300,000
14/39 Barrett Street
115 Davrod Street
2 Bed | 1 Bath | 2 Car
3 Bed | 2 Bath | 4 Car
LAND SIZE
115m2
DOM SALE DATE 8
LAND SIZE
14 21 JAN 19
SOLD: $310,000 DOM | Days on Market
LAND SIZE
802m2
DOM SALE DATE
75 27 FEB 19
SOLD: $1,070,000
QUARTER 1 2019
ROBERTSON
4 Lingle Street
702 Musgrave Road
4 Bed | 2 Bath | 2 Car
6 Bed | 3 Bath | 4 Car
663m2
LAND SIZE DOM
90
SALE DATE
19 MAR 19
SOLD: $1,088,000
816m2
LAND SIZE DOM
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SALE DATE
31 JAN 19
SOLD: $1,300,000
16 Wilonda Street
1 Zara Street
5 Bed | 3 Bath | 2 Car
5 Bed | 3 Bath | 3 Car
LAND SIZE DOM SALE DATE
1,330m2 124 11 MAR 19
SOLD: $1,475,000 Information correct at time of print as sourced from RP Data and Pricefinder.
LAND SIZE DOM SALE DATE
813m2 116 11 MAR 19
SOLD: $1,500,000
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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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RECENT RESULTS Even in this current market, great results can still be achieved. Our recent highlight sales prove that our unique marketing strategy and selling process ensures that we deliver two outcomes for you: 1. Maximising the sale price 2. Minimising the risk during the sales process
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732 Musgrave Rd $1,000,000
3 Yale St $1,450,000
9 Goold Cl $2,250,000
25 Melaleuca St $780,000
35 Lister St $1,330,000
25 Newber St $1,530,000
31 Spence St $1,380,000
10 Hunter Cl $893,800
22/8 Manor St $392,800
Contact John for a 30 minutes obligation-free consultation, where he will cover the following topics: 1. The overall condition of your property market and how it impacts your property value
urgency via our multiple offers situation or auction process
2. The ideal timeframe to maximise the sale price of your home
9. John’s unique way of buyer qualification process to ensure a smooth transaction
3. The dynamics of the buyer pool and how to work with it to achieve the best possible outcome
10. John’s unique way of buyer communication to encourage buyer actions and not undersell your property
4. The ideal marketing program to ensure the maximised level of buyer enquiries and inspections
11. John’s unique way of utilising team power to maximise the level of buyer interest
5. The ideal property presentation to ensure maximised level of buyer emotional connection to your home
To book your free consultation, contact us via phone call, text message or email:
6. What is the investment you require to achieve an ideal result (marketing investment, commission etc.)
0430 800 208 johnheng@eplace.com.au
7. What is the most suitable selling method for your property according to the features of the property and your current market condition 8. John’s method for creating buyer competition and sense of
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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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John Heng PROFESSIONAL AGENT John has conducted himself in an exemplary manner whilst selling my property in Sunnybank. Always gives constructive feedback and goes the extra mile to secure the buyer for my property. I do not have any hesitation in recommending John to any prospective seller. Thanks John for your diligence and professional manner. – Robyn, review from ratemyagent.com.au
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
JOHN HENG
OFFICE
Follow me on Facebook and WeChat for updates happening in & around 4109
07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109
0430 800 208 | johnheng@eplace.com.au