Market Overview The Avenue Autumn Edition 2019

THE AVENUE 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 The Avenue area specialists

PETER OU

OWEN CHEN

0435 550 050 0413 081 780 peterou@eplace.com.au owenchen@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

SUNNYBANK HILLS QUARTER 1 2019

28

HOUSES SOLD

$11,588,000

60 days

$655,000

-1.2%

17.2%

$450pw

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 the last 12 months.

More specifically in Sunnybank Hills: • The median sale price has reduced by -1.2% to $655,000 in the last quarter; • There have been 28 sales in the first quarter of the year compared to 41 in the previous quarter; • Projected 5 year growth is down to 17.2% from 25.6%.

This slowdown of capital growth in Sunnybank Hills is despite the population and job growth in Queensland in the last few years. 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 sought-after areas are still growing despite the market trends.

Sunnybank Hills has experienced a great run and enjoyed substantially more growth than other parts of Brisbane, and at the same time has only fallen marginally so far. With so much uncertainty as to how the property market will react to the impending election and global economy, I am offering my knowledge as your area specialist to advise you as to how you should manage and maximise your asset.

Give us a call today to make an enquiry.

Peter Ou | 0435 550 050 Owen Chen | 0413 081 780

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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

SUNNYBANK HILLS Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

3 Kingswood Ct

4,2,2

1050

26

8-Jan-19

$690,000

9 Ashwood Ct

4,3,2

1146

65

9-Jan-19

$674,000

5 Narell Ct

5,2,2

1072

9

11-Jan-19

$852,500

26/24 Radan St

3,2,1

318

40

15-Jan-19

$490,000

56 Chilton St

3,1,2

764

79

16-Jan-19

$565,000

18 Ridings St

4,2,1

25,300 63

16-Jan-19

$11,588,000

17 Sericea St

4,3,6

610

101

19-Jan-19

$706,800

133 Lang St

3,1,2

2,180

22

31-Jan-19

$930,000

38 Tarling St

3,2,2

680

116

1-Feb-19

$530,000

39/25 Lang St

3,2,2

222

38

3-Feb-19

$333,000

80 Bradman St

2,2,4

607

28

6-Feb-19

$380,000

60 Pompadour St

5,3,2

586

7

7-Feb-19

$620,000

6 Merriwa St

3,1,2

600

33

11-Feb-19

$600,000

3 Peppercorn St

5,3,2

607

20

12-Feb-19

$750,000

Address

8 DOM | Days on Market

SPEC

QUARTER 1 2019

SUNNYBANK HILLS Bed,Bath,Car

Land m2

DOM

SOLD

Sale Price

23 Taldot Pl

4,2,2

621

128

20-Feb-19

$645,000

12 Maroona St

5,2,2

604

72

21-Feb-19

$680,000

5 Alkira St

3,2,5

625

40

25-Feb-19

$570,000

26 Clovelly St

4,2,2

630

90

5-Mar-19

$580,000

17/25 Lang St

3,2,1

191

63

11-Mar-19

$327,000

99 Ryhill Rd

5,2,4

739

98

14-Mar-19

$512,000

29 Taldot Pl

4,2,2

451

53

17-Mar-19

$633,000

11 Haseler Cres

3,2,2

504

30

18-Mar-19

$745,000

8 Hathaway Pl

5,2,2

800

24

23-Mar-19

$785,000

91 Kingman St

4,2,4

681

19

23-Mar-19

$770,000

77 Honeywood St

3,1,2

607

166

25-Mar-19

$578,000

31 Merriwa St

5,2,4

614

67

26-Mar-19

$730,000

9 Fowey St

3,1,1

405

114

29-Mar-19

$448,000

10 Dubarry St

5,3,2

670

63

29-Mar-19

$690,000

Address

SPEC

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.

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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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7 Indiana St $958,000

20 Hunter Cl $823,000

25 Newber St $1,530,000

21 Dowling Pl $900,000

31 Merriwa St $730,000

9 Goold Cl $2,250,000

35 Lister St $1,330,000

29 Rutherglen Cres $775,000

10 Hunter Cl $893,800

Thinking about selling? Take advantage of our 30 minutes obligation-free consultation. With the changing policies affecting the property market as a result of the election, should you sell your property in the next 6 months?

During the appointment, we 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. Our 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. Our 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. Our 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, get in contact with us today.

6. What is the investment you require to achieve an ideal result (marketing investment, commission etc.)

Peter Ou | 0435 550 050 Owen Chen | 0413 081 780

7. What is the most suitable selling method for your property according to the features of the property and your current market condition 8. Our 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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GREAT TEAM, HIGHLY RECOMMENDED This is the go team team in Sunnybank and surrounding area if you are thinking of buying and selling. Due to the longevity of their selling activities in the area. Even in a tough market, we still brought in the numbers throughout the campaign and the team sold my property at auction with a cash unconditional sale. Thanks for the hard work, I have no hesitation in recommending the team. – Barry, a 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

PETER OU

0435 550 050 | peterou@eplace.com.au

OWEN CHEN

0413 081 780 | owenchen@eplace.com.au

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