Calamvale
PROPERTY MARKET REPORT | 2018 THIRD QUARTER COMP LIMEN TARY
COFFE JUST F O YOU R
E
Market place overview page 4
Preparing your home for Spring page 6
Sales for the quarter page 8
Red Frogs youth support network page 10
Community News page 12
Nationwide home loan crackdown page 14
Brought to you by your Calamvale area specialist
JESS CHIA 謝麗燕
0430 458 822 jesschia@eplace.com.au
Hello
friends & family As we say goodbye to winter we welcome one of our favourite seasons throughout Queensland as we look towards the warmer weather of spring. This time of the year is commonly referred to as “the best time to sell” with more active buyers in the market looking for their next home or investment in the lead up to Christmas. Although keep in mind with this commonly being known as “the selling season” it often means there is more properties on the market creating more variety for buyers. Despite this fact outstanding results are still often achieved during this time of the year. It all comes down to having the right agent with the right marketing strategy. As always we appreciate your support and feedback for 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 that you’d 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 locals. Enjoy this issue! Your local specialist | Place Sunnybank
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Calamvale | Carindale | 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
Mid-year review
Page 5
Suburb statistics
Page 6
Getting your home ready to sell in spring
Page 8
Houses sold
Page 10
Charity – Red Frogs
Page 11
2018 ‘Shoot for the Stars’ winners
Page 12
Community news
Page 14
Finding it harder to get a loan?
Page 16
Your suburb specialist
2017 FINALIST REIQ Large Residential 2017 FINALIST
Place Estate Agents 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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MID-YEAR REVIEW Australian property prices facing ‘longest downturn in decades’ says UBS Investment Bank – The Sydney Morning Herald The phone call that could ‘drop house prices by 80%’ if another financial crisis hits – News.com.au Expert’s advice for first home buyers as prices drop and interest rates rise – News.com.au At the time of writing this article, these were the first three articles that appeared when I searched ‘Australian Property Market’ in Google-news. After 6 continuous years of growth cross Australia, the market has slowed, the housing boom headlines have turned into housing crash headlines, and banks have started raising interest rates. Things have turned quickly, but maybe we shouldn’t worry about this. Why? Because when speculators talk about the Australian property market, they are really talking about Sydney and Melbourne.
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THE GOOD NEWS: September ended with Brisbane being the only major state capital to see home values hold firm, escaping the worst national housing decline in six years that has hit other states.
CALAMVALE IN REVIEW On a hyper local level and as your area specialist on the front line, I am constantly monitoring the slightest changes in our specific area, and will continue trying my best in providing relevant and timely information to you. The biggest buyer change, which has been a direct result of the media, has been the decrease in buying urgency and the fear of missing out (on good properties). Buyers are spending a lot longer researching before making the final buying decision. This has resulted in multiple price reductions across a small percentage of recent sales). Often these properties didn’t use the right marketing or selling process. In previous years, deals almost automatically fall in place and a buyers fear of missing out has pushed them to pay higher prices.
Houses sold in
CALAMVALE QUARTER 3 2018
This market shift means that deals are tougher to put together and now heavily rely on a proven sales strategy and the agent’s ability to close a deal and negotiate with buyers. Calamvale’s average days on market is reflective of this. With other agent’s average sitting between 45-70 days. At Place, we’re proud of our 22 day average whilst still consistently achieving record breaking prices. This is a result of our 45 step sales process. Having in-depth knowledge of the area has also allowed me to identify key specifics that buyers are looking for when buying in Calamvale. This advise that I pass on to my sellers is the foundation of how I’ve been able to achieve an higher average price than any other agent in the area.
29 The number of properties sold this quarter is down by 25% compared to this time last year.
23.2%
5 YEAR GROWTH
$664,500
2018 Q3 MEDIAN PRICE
$995,000
HIGHEST SALE PRICE
$450pw
From preparing your home for sale, how we negotiate a higher price and how we are able to get buyers financially ready faster, if you’re thinking of selling, I would love to share my proven sales process with you (obligation free).
51 days
I look forward to discussing the market place with you in more detail.
-3%
Jess Chia 0430 458 822
AVERAGE RENT FOR HOUSES
AVERAGE DAYS ON MARKET
MEDIAN PRICE CHANGE FROM ’17
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9 TIPS
TO SPRING INTO THE SPRING MARKET It’s here! Spring selling season is upon us and it’s certainly not too late to be giving thought to readying your home for the market. Taking steps to prepare your home now will help you avoid the stress of a last minute rush to market.
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CLEAN & DECLUTTER
DO AN INSPECTION
TIDY THE FLOORING
Make your move easier by beginning the packing now. Clear out all clutter and remove items you don’t regularly use, throw away items that are broken or damaged, consider a storage facility for items you don’t need. When you clean, pay attention to small details. Wash windows, dust blinds, launder curtains, dust skirting, clean appliances and straighten contents of your closets.
This step will help you avoid any unpleasant surprises during the sale process. Inspect your walls and floors for water damage, check for plumbing leaks, make sure your windows don’t have broken seals, check for any signs of insects or rodents… and fix any problems that you find.
Carpets should be shampooed and treated for stains. Tile and hardwoods should be thoroughly swept and mopped to a shine. Any flooring that is stained, damaged or worn beyond repair should be removed and replaced. Hardwood floors that are scratched or have lost their sheen should be refinished.
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ELIMINATE ODOURS
MAKE AN ENTRANCE
FRESHEN UP FIXTURES
Use fragranced candles or reed diffusers to create a warm and inviting scent to your home. Alternatively for a more natural scent, include freshly cut flowers, or fresh apples and cookies placed in plain sight in the kitchen.
Your front door is the first thing potential buyers will see when they visit your home, so remember to make it inviting. Paint the door if needed, replace any damaged hardware, keep decorations minimal and declutter the entrance area.
Light fixtures, bathroom mirrors, taps, shower heads and cabinet hardware can all be replaced for very little money and make a huge difference in terms of visual appeal.
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PAINT
FINISH ODD JOBS
STAGE FOR SUCCESS
While you might love your aubergine walls, there’s a good chance that most buyers won’t. Many buyers want to see a blank canvas where they can inject their own personality. In order to make your home appeal to the largest possible audience, paint your walls in neutral colours in a matt finish. Don’t forget to repair any nail holes or other damage before painting, and be sure to touch up ceilings and trim as needed.
Now is the time to complete any home improvement projects you have under way and make any necessary repairs to your home. You’ll most likely find a buyer quicker and the sale process smoother if everything that needs to be done is taken care of before you list your property.
An important part of showing your home, staging can be done yourself or by professionals. Place furniture to maximise the feelings of space and light in your home, with an eye to how rooms flow into each other. If your decor isn’t cutting it, you can move your belongings into storage and rent furniture and artwork from a home staging service.
Excerpt from https://www.realestate.com.au/advice/10-ways-to-prepare-your-home-for-a-spring-sale/
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THIRD QUARTER 2018
CALAMVALE Bed,Bath,Car
Land m2
DOM
SOLD
Sale Price
6 Murphy St
4, 1, 4
475
103
07/08/2018
$480,000
81 Hamish St
3, 2, 2
480
49
18/09/2018
$539,888
83 Hamish St
3, 2, 2
480
55
24/07/2018
$548,000
30 Lewis Pl
4, 2, 2
551
34
22/08/2018
$550,000
31 Reardon St
4, 2, 2
538
48
10/07/2018
$563,000
3 Warwick Ct
4, 2, 2
400
144
01/07/2018
$570,000
22 Webb St
4, 2, 2
464
24
20/07/2018
$570,500
3 Miller Court
4,2,2
489
4
2/09/2018
$585,000
105 Hamish Street
4,2,2
450
7
31/08/2018
$588,000
34 Sunflower Cres
4, 2, 2
462
53
03/09/2018
$592,888
35 Palatine St
4, 2, 2
938
33
28/09/2018
$605,000
17 Waterlily Pl
5, 2, 2
795
49
26/09/2018
$635,000
31 Injune Crct
4, 2, 2
700
1
09/07/2018
$650,000
49 Aster Pl
4, 2, 2
675
26
25/08/2018
$661,000
SPEC
Address
10 COPIA STREET CALAMVALE
SObLy D
hia Jess C
8
$828,888
TOP LOW SET SALE
4 DOM | Days on Market
2
2
LAND SIZE
800m2
DOM
25
SALE DATE
04 AUG 18
THIRD QUARTER 2018
CALAMVALE Bed,Bath,Car
Land m2
DOM
SOLD
Sale Price
3 Malmsey St
4, 2, 2
600
34
09/07/2018
$668,000
16 Joan Crt
5, 2, 3
739
50
28/08/2018
$720,000
15 Carnation Cres
4, 2, 2
750
10
27/08/2018
$730,000
64 Azalea Cres
5, 2, 3
830
239
27/09/2018
$730,000
5 Banksia Ct
5, 2, 2
800
25
07/07/2018
$792,888
5 Preston Crt
4, 2, 2
656
29
18/09/2018
$805,000
16 Gulubia Pl
5, 3, 2
800
50
28/08/2018
$815,000
10 Copia St
4, 2, 2
800
25
4/08/2018
$828,888
14 Gulubia Pl
4, 3, 2
738
92
31/07/2018
$840,000
19 Gulubia Pl
5, 3, 2
725
11
18/07/2018
$870,000
7 Calliandra Pl
5, 3, 2
899
95
13/07/2018
$880,000
12 Joan Ct
4, 3, 4
717
19
18/08/2018
$880,000
21 Dowling Place
5,2,2
901
25
29/09/2018
$900,000
29 Watervale Pl
8, 7, 2
700
87
20/08/2018
$995,000
SPEC
Address
21 DOWLING PLACE, CALAMVALE
SObLy D hia
Jess C
$900,000
POCKET RECORD PRICE
5
2
2
Information correct at time of print as sourced from RP Data and Pricefinder.
LAND SIZE
901m2
DOM
25
SALE DATE
29 SEP 18
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COMMUNITY NEWS CHARITY
RED FROGS Red Frogs is a support program for young people from the ages of 15 – 25. We recognise that the culture of young people is dominated by alcohol and that excessive consumption of alcohol and other substances can often lead to dangerous and life-altering behaviours. At the core of Red Frogs is the heart to provide direct relief from alcohol-and drug-related issues that are known to cause anxiety, suffering, distress and helplessness amongst the youth of our nation. They are the next generation of leaders, business entrepreneurs, teachers, engineers, environmentalists and parents. They are our future. Therefore we’ve made it our mission to provide a positive peer presence in alcohol-fuelled environments where young people gather; educate young people on safe partying behaviours; and promote alcohol-free and/or diversionary activities that engage young people in these environments.
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To read more about the Red Frogs programs and harm prevention strategies please visit redfrogs.com. au/programs.
YOUR CONTRIBUTION HELPS TO ‘SAFEGUARD A GENERATION’ $100
30 Pancake Shakers feeding 300 Schoolies
$240
1,440 festival goers hydrated
$350
A volunteer on the ground at Schoolies Week
$450
A school sponsored with a Red Frogs Education Program
$3,500
Hydration Station
WINNERS
2018 PLACE SUNNYBANK SACRIFICES... $1 PER DAY FOR 60 DAYS &...
PLACE ANNUAL AWARDS 2018 were held at The Star Gold Coast. Place Sunnybank brought home 3 awards in total. It is a great honour and privilege for us to receive these awards. Thank you to our valued customers for their trust and continued support. OWEN CHEN Place Values: Excellence
SKYE Giving up sugar JESS Committing to gym 3 times a week
NICK YAMADA Platinum Level Sales Award
KE Give up buying kids toys MINH & NADIA Commit to gym and healthy eating JASON Committing to gym 6 times a week
JESS CHIA Silver Level Sales Award
PETER Giving up meat, wine & beer MICHAEL Giving up fast food GEORGE Give up bubble tea/commit to gym JONATHAN Refrain from ordering UberEats
$575.00
DONATED
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COMMUNITY
Q&A
We take a closer look at our local favourite café Zarraffa’s Coffee. Jess Chia sat down and spoke with the business owner Nicole Fettes to find out a little about her and what’s new this spring season.
What’s the best thing about working in Zarraffa’s Coffee Calamvale?
We established Zarraffa’s Coffee Calamvale back in 2010. I was inspired by my friend who owned a store in Surfers Paradise. I really enjoyed the quality of their coffee and could imagine myself running the same business in our local community.
Through the years we get to meet a lot of our local customers and provide them with high quality and consistent products, while at the same time delivering great customer service that exceeds expectations! Our business provides an excellent meeting point for various customer requirements including: business meetings, simply reading the paper with a cuppa, or enjoying an indulgent treat! Whatever it may be, everybody is welcome here.
What’s the story behind the brand?
Are you involved in the community?
Zarraffa’s Coffee was founded in 1996 by Kenton and Rachel Campbell. The company is proudly Australian owned and operated with its head office based in Eagleby. Zarraffa’s (pronounced Za-raff-as) comes from the Arabic word ‘Zarafa‘ which means ‘Giraffe’ and the Masai Giraffe typically inhabits the savannahs of Kenya and Ethiopia, the origin of coffee.
We love our local community and are proud sponsors of a number of local schools such as, Calamvale Community College, St Stephens, Algester State School & Stretton State College. We also facilitate traineeships from local schools that are completing their Certificate II in Hospitality.
How long has Zarraffa’s Coffee been in the area?
As a coffee connoisseur what is your favourite cuppa coffee? I’m a fan of the Caramelised Cappuccino!
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Does the construction works in the centre affect your opening hours?
Breakfast Smoothie
Sticky Date Pudding What’s new on the menu? For this spring season we have the Breakfast Smoothie which has been very popular. Mixed berries, banana, yoghurt, rolled oats and chia seeds blended into a delicious smoothie is the perfect way to start your day! Also for the sweet tooths we have the new Sticky Date Pudding topped with cream, ice cream and crème anglaise - a great match with your favourite cuppa! COMP LIME
COFFNETARY JUST F E O YOU R
It’s ‘business as usual’! We are serving great coffee: Weekdays 6am - 8pm Saturdays 6am – 6pm and Sundays 7am – 6pm.
We hope you enjoy your complimentary hot or cold beverage voucher at the back of this report!
Visit them at: Shop 10, Calamvale Market Place, Cnr Nottingham & Beaudesert Rd, Calamvale
COMMUNITY NEWS
JESS CHIA IS A PROUD SPONSOR OF
02.NOVember.2018
RIDES | food | games | stalls | FIREWORKS
COME VISIT THE PLACE SUNNYBANK STALL face painting, gifts, prizes & balloons!
WHAT| WHEN| whERE|
The Algester Multifest is a fun filled annual fundraiser for Algester State School. Friday 2 November 2018 opening from 3pm with fireworks commencing at 8pm Algester State School, 19 Endiandra Street, Algester 13
Finding it harder to get a loan?
HERE’S WHY It’s harder to get a loan in Australia right now than it has been in years. The big banks have been whacked by the financial services royal commission and the media for lax lending standards. And it seems they’re taking note. Figures from the Australian Prudential Regulation Authority show growth in new loans is slowing from 6.6% about a year ago, to 5.8% earlier this year. That is because of a few factors, including a crackdown on investor loans, a move away from high-risk loans, and increased paperwork checks for all borrowers. In practice, it means some would-be buyers are struggling to get finance. Paula Mills runs the Academy of Entrepreneurs in Sydney. She has a full-time staff of 15 and hundreds of thousands of dollars in the bank. She said even though her financial situation is “very healthy”, she can’t get a bank to extend her home loan. Real estate agents around the country are seeing the impact of the credit crackdown at quiet auctions and open homes.
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“Absolutely there’s a credit crunch across the country,” Malcolm Gunning, the president of the Real Estate Institute of Australia, said.
“The royal commission has really uncovered a few problems in the lending policies of the banks, so the banks have reacted and taken a more conservative approach.” As buyers struggle to get finance, it’s driving prices down, he said. National Australia Bank’s chief economist, Alan Oster, dismissed talk of a sharp fall in house prices. “I think it’s alarmist to say you’re going to have a crash in house prices,” he said. Mr Oster said the cooling of the market was being driven by regulatory changes that cap investor loans, and also by tighter checks on borrowers. “I think one of the issues people are worried about is how much the banks have really understood your income and ability to pay back a loan,” he said. “So banks will now say, ‘Right, we really do want to see a copy of your pay slip, we’re not just going to use an automatic system’.” He said the type of person who can borrow money was also changing, thanks to a regulatory crackdown. “The investor market is down, and the owner-occupier is up, so there’s been a switch.”
Excerpt from http://www.abc.net.au/news/2018-07-16/finding-it-harder-to-get-a-loan-heres-why/9999912
“I will always be striving to provide the most memorable conveyancing experience for all my clients�
DAVID YANG | Mortgage Specialist m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589 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
BRENDAN YUNG CONTACT ME 7 DAYS T: 0404 526 526 E: brendan.yung@bytherules.com.au
Darren Han Director
JOHN PUPAVAC
0411 874 464 07 3804 1300
john@jpinspections.com.au T 07 3323 3136 M +61 433 225 386 Darren.h@fensonlawyers.com.au Office: 1/18 Torbey St Sunnybank Hills
Building Inspection Lic No.
75147
Pest Technician Lic No.
13739
Insurance Accreditation No.
3557
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Jess Chia PROMPT, POSITIVE AND NEVER PUSHY
TOP LOWSET SALE
“The whole campaign flowed so effortlessly, but we know how much effort you put into the whole project. You were always so positive and so prompt on all and any feedback from prospective purchasers. You at no time pressured us one way or the other, just presented the facts, figures and local statistics (your local knowledge is incredible). So once again Jess our sincere thanks.” 10 Copia Street Calamvale Sellers Jenny & Rod
CALL, TEXT OR EMAIL ANYTIME
Jess Chia 謝麗燕
Let’s connect on social! Wechat 微信
0430 458 822 | jesschia@eplace.com.au
jesschiaau jesschiafromplace
Your Place Calamvale Specialist
Enjoy this one on us! Present this flyer to receive a COMPLIMENTARY Tall hot or cold beverage of your choice* CALAMVALE Shop 10, Calamvale Market Place, Cnr Nottingham and Beaudesert Roads Visit our website for opening hours.
zarraffas.com *Offer only valid at Zarraffa’s Coffee store listed above. Upon surrender at point of sale this flyer entitles the bearer to one complimentary Tall hot or cold beverage as displayed on in store menu. Limit of one flyer per customer per day. Extras will incur a charge. Not valid with any other offer. Not redeemable for cash. Valid til 31/12/2018. © Intellectual Plus Pty Ltd. All Rights Reserved, 2018. Trade marks used under licence.