This is our place, this is
ROCHEDALE SOUTH
2017
Last Quarter Report
Nick Yamada
0415 757 768
nickyamada@eplace.com.au
Happy 2018, friends and families
Ringing in the New Year is cause for celebration, for reliving and for looking back. One thing known to be true, is that a lot can happen in 2018. In our 2017 end of year review, we’ve put together some very important and significant sales result to keep you informed with the local market place as well as an update on the national scale. We’ve also included some interesting information about the community, hope you enjoy it! The starting 3 months of the year is always critical for building the landmark for most families and setting their goals and plans for the upcoming year. Especially in the real estate world we will reach a peak with buying and selling activities. Many families who want to move on to a new chapter in life in 2018 will start to plan to find a new home around this time of the year. The team at Place Sunnybank would like to thank you for all your trust and support throughout 2017. We will continue to do our best to bring you the most relevant and up-to-date information possible. If there’s anything else with regards to real estate that you’d like to know or even if you’d like to feature your local business in our next issue, please don’t hesitate to get in touch. We’d love to support the local community where we can! Once again, Happy New Year! May all your endeavors be met with huge success and appreciation! Enjoy this issue! Your local Specialist | Place Sunnybank
Calamvale | Eight Mile Plains | Kuraby | Macgregor Mount Gravatt East | Parkinson | Robertson Rochedale | Rochedale South | Runcorn | Stretton Sunnybank | Sunnybank Hills | Stretton | Wishart 2
Pop in for a visit & a coffee on us! 531 Kessels Road, Macgregor
Contents 2017 End-Of-Year Wrap 4 National Market Overview
Thank you 2017! You’ve been great! We had the pleasure of helping 372 families. Held 400 Open homes and met over 3,200 familes of buyers.
5 Annual Suburb Snapshot 6 The Commonwealth Games What, When, Where & How 7 Should You Buy or Sell First? 8 Suburb Sales: Oct - Dec 2017 10 Happy Chinese New Year! Learn about the Chinese Zodiacs 12 Learn about YumCha Etiquette 14 Vivid Property Staging & Design 14 How to make a smart finance switch
Here’s to another great year in 2018!
15 Fenson and Co Lawyers 3
Market Place Overview According to CoreLogic, Brisbane’s median house price increased by 3.0% to $520,000 in the past 12 months. While there were more or less similar increases across our local southside suburbs in Brisbane, confidence in the market has pulled back and a majority of markets have adjusted, where the growth has either slowed down or plateaued resulting in a more ‘balanced’ market. This signifies that we may have reached that ‘peak’ of a property cycle. The number of property sales this year across the board dropped significantly too, almost equalling or lower than 2011 numbers. This meant that there was a shortage of property supply in most local housing markets.
On the other hand, housing affordability compared to Sydney and Melbourne continues to be Brisbane’s calling card for home owners, investors and first home buyers alike. A significant price gap between the cities will underpin rising demand over the next few years. Brisbane’s prospects for capital growth and superior rental yields of 4.1% for houses and 4.9% for apartments also continue to make it an attractive option for investors compared to most other capital cities in Australia. Owner occupiers are also increasingly realising the appeal of South East Queensland with 2017 recording the highest internal migration in at least the past decade. Brisbane’s median house According to the price increased by 3.0% Australian Bureau to $520,000 in the past of Statistics (ABS), 12 months. Queensland welcomed 11,581 new interstate residents in the year ending June 2016 – a marked increase on 6,417 the year before.
So although the ‘boom’ phase of our local markets have subsided, the outlook going in to 2018 is positive with solid interstate demand, strong interest from first home buyers and the Reserve Bank leaving interest rates at a record low 1.5 per cent.
4
If you have any questions about the state of your local market in Rochedale South and the sub-markets of each smaller geographical zones within the suburb, get in touch with your local expert Nick Yamada on 0415 757 768!
223 Houses sold in Rochedale South 2017 ANNUAL WRAP UP
HIGHEST SALE PRICE
$926,500 2016 MEDIAN PRICE
$492,975 FIVE YEAR CHANGE IN MEDIAN PRICE
28.1%
LOWEST SALE PRICE
$375,500 2017 MEDIAN PRICE
$511,500 AVG. ANNUAL CHANGE IN MEDIAN PRICE FOR 10 YRS
3.56%
AVERAGE TIME ON MARKET
39 days ANNUAL CHANGE IN MEDIAN PRICE
3.8% AVERAGE ASKING RENT FOR HOUSES
$410pw
5
The Gold Coast 2018 Commonwealth Games Said to be the biggest sporting event Australia has seen this decade! There is so much going on and so much to see. Here are some key events not to miss during this outstanding month of sport and celebration!
Opening Ceremony (Carrara Stadium) Wednesday 4th April 6:00pm – 10:45pm Basketball Gold Coast Convention and Exhibition Friday 13th – Sunday 15th April
Beach Volleyball Coolangatta Beachfront Friday 6th – Thursday 12th April
Diving Optus Aquatic Centre Wednesday 11th – Saturday 14th April
Netball Coomera Indoor Sports Centre Thursday 5th – Sunday 15th April
Swimming Optus Aquatic Centre Thursday 5th – Tuesday 10th April
Rugby Sevens Robina Stadium Friday 13th – Sunday 15th April
Closing Ceremony (Carrara Stadium) Sunday 15th of April 6:30pm – 11:30pm Getting down there:
6
Due to increased traffic on the M1 it is suggested people traveling to games events take full advantage of public transport with trains set to run every 10 mins between Bris & GC as confirmed by Transport Minister Jackie Trad. Patrons can also enjoy free use of this public transport with a valid event ticket.
Selling Before Buying
Buying Before Selling
PROS
PROS
You can negotiate a delayed settlement to give you time to buy another property and move straight into the new place.
The possibility of negotiating a conditional offer subject to the sale of your own property. • •
• • Less time pressure to achieve the sale before a deadline. • • Stops potential buyers trying to cash in on the fact that you have already bought and need to sell.
CONS If nothing available is suitable or you simply miss out on a few, you could end up having to move out and rent short term. • • Prices might change after you sell and you might not able to find the dream home for the right price. • • You’re at the mercy of what’s on the market.
Should I buy before I sell or Sell before I buy? This is one question we get asked a lot. Truth is, there’s no wrong or right. Working out if you should buy or sell first totally comes down to your own risk profile and risk management.
Not being bound by any financial pressure to commit until you find the perfect property. • • Timing is in your hands.
CONS The extra cost and stress of a bridging finance when you have to finance two mortgages at once. • • Your conditional offers can turn off vendors and make them unlikely to negotiate on price. • • May need to make a higher offer to convince an owner to hold the property while you sort out your circumstances.
If you are someone who is risk adverse, selling first will suit you better. To a degree, there is lower financial risk because you know exactly what you have to spend.
7
ROCHEDALE SOUTH Some recent sales
Street Address
8
Sold Price ($)
SPEC
Land (m2)
108 Parfrey Road
635,000
3,2,4
651
1 Thomas Street
519,000
4,2,1
830
3 Antenor Street
512,000
3,2,2
663
24 Winston Street
482,000
3,1,1
693
12 Willmott Court
690,000
5,2,2
1228
1 Beverley Avenue
615,000
3,2,2
1,022
11 Brompton Street
508,000
3,1,2
607
7A Amanda Street
690,000
4,2,2
504
28 Amanda Street
530,000
3,1,1
789
32 Ancona Street
712,895
4,3,2
882
11 Baroona Street
475,000
4,1,3
610
25 Baroona Street
445,000
3,1,2
608
37 Baroona Street
630,000
4,2,2
608
28 Beatty Street
568,000
4,2,2
819
6 Bedwell Court
665,000
4,2,3
970
SPEC | Bed, Bath, Car
MORE RECENT SALES SOLD
18 Davey Street, Rochedale South $630,000 Attributes: 4 Bed 2 Bath 2 Car Tranquil family home on 860m2 allotment walking distance to Rochedale SS & Redeemer College.
SOLD
35 Parfrey Road, Rochedale South $450,000 Attributes: 3 Bed 1 Bath 1 Car Great entry level buying for First Home Buyers or Investors looking for future potential and capital growth.
SOLD
23 Dawes Street, Rochedale South $534,000 Attributes: 4 Bed 1 Bath 2 Car Lovely 4 bedroom home in a sought after pocket, situated on an elevated flat 759m2 block.
SOLD
55 Parfrey Road, Rochedale South $520,000 Attributes: 3 Bed 1 Bath 2 Car Renovated solid brick split level home- perfect for entertaining with private lush gardens, pool & spa.
9
2018 / Year of the Dog Happy Lunar New Year! 恭喜发财！ 万事如 gong
xi
fa
cai
wan
shi
ru
yi
Lunar New Year commences 16th Febuary 2018
Get to know the team through our Chinese Zodiacs Lachlan
1. Rat
Tom
Peter
4. Rabbit
Rode on the back of the Ox
Hopped across on stones
Intelligent | Adaptive | Positive
Gentle | Compassionate | Modest
1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008
1939, 1951, 1963, 1975, 1987, 1999, 2011
George Estelle
Nick
2. Ox
5. Dragon
Walked across the river
Arthur Flew in swiftly, helping others on the way
Honest | Patient | Persistent
Decisive | Inspiring | Romantic
1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009
1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012
Stan
3. Tiger Swam against the currents 10 Tolerant | Loyal | Courageous 1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010
6. Snake
Jess
Clung on the leg of the Horse Sympathetic | Humorous | Passionate 1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013
The folklore behind the 12 Chinese Zodiacs According to the folklore, The Jade Emperor called for a banquet with all the animals in the animal kingdom, the first 12 to arrive will become part of the Zodiac. The Cat and the Rat were the worst swimmers in the kingdom, but were both very intelligent. They asked the humble Ox to carry them across the river, who agreed out of his good nature. While they were close to shore, the Rat hopped off in front of the Ox to claim 1st place, while the Ox followed in to claim 2nd place. All other animals slowly arrived one after the other, and claimed their rightful place. ..Oh, and the Cat? The rat pushed him into the river where he almost drowned and so did not finish in time. This is why cats are always chasing rats!
7. Horse
Jono
Skye
10. Rooster
Marayka
Frightened by the Snake, swam slowly
Arrived on a raft (with Goat & Monkey)
Easy-going | Positive | Popular
Independent | Confident | Warm-hearted
1930, 1942, 1954, 1966, 1978, 1990, 2002, 2014
1933, 1945, 1957, 1969, 1981, 1993, 2005
8. Goat
Serena
11. Dog
Owen
Arrived on a raft (with Monkey & Rooster)
Played in the water for too long
Gentle | Considerate | Hardworking
Valiant | Loyal | Clever
1931, 1943, 1955, 1967, 1979, 1991, 2003, 2015
1934, 1946, 1958, 1970, 1982, 1994, 2006, 2018
9. Monkey
Kat
12. Boar
David
Arrived on a raft (with Goat & Rooster)
Stopped halfway to snack & napped
Enthusiastic | Sociable | Innovative
Warm-hearted | Honest | Gentle
1932, 1944, 1956, 1968, 1980, 1992, 2004
1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007
11
Coming back bigger and stronger in 2018 A sit down interview with F45 Rochedale South
Despite a challenging start to their life in Rochedale South after their studio was damaged during a recent fire, F45 Rochedale South has overcome this adversity and continued to provide an inspiring and highly motivating environment for their members to train in a temporary studio location in Underwood at 16 Darnick St. Now with an eye on their return to their permanent location at Rochedale Shopping Village in early 2018, Place agent Nick Yamada sits down for a chat with Craig and Lauren, the owners of F45 Rochedale South.
Tell us a bit about yourselves
12
We are a local couple who saw an opportunity to bring the fastest growing fitness franchise in Australia
to the Rochedale area. Craig, a former retail executive manager, oversees the business daily whilst Lauren, a Prep Teacher, at Macgregor State School, trains daily in the studio and manages our social media accounts.
What inspired you to open up F45 in Rochedale South? We are both passionate about health and fitness and have been able to take advantage of our coaching and leadership experience and invest it in a business that promotes health and fitness as a journey and lifestyle. We have been on our own health and fitness journey losing a combined 15kg during an F45 8 Week Challenge earlier in 2017. Those results were the catalyst to provide an environment for many locals to achieve the same.
What is F45? F45 Training is a global fitness phenomenon. With 1000 studios
across 36 countries in just 4 years, F45 has achieved it’s success through Innovation, Motivation and Results. 45 minutes of training combines elements of High-Intensity Interval Training (HIIT), Circuit Training and Functional Movement Training.
Why do your members love F45? Our members love the inclusive nature of F45. We are a family of likeminded members. We have members of all shapes and sizes, from age 16 to some over 60 and cater to those that have never done any fitness training before to those that are very experienced.
What’s the secret to getting the most out of your workout? Planning is essential. Plan to train at least 3-4 times per week and track your progress. Where possible we encourage people to train with a friend or relative. You will then hold each other accountable to turn up and give it your best. If you don’t have someone to train
with our team training environment will see you make friends quickly in our studio.
Any tips on sticking to a new year’s resolution in 2018? Plan your goals and make sure they are realistic. Prepare healthy meals for lunch the night before. It’s important to not worry about the number on the scales. This will take care of itself if you achieve your other goals or simply by training regularly and eating healthier.
What’s your go to healthy meal? Lauren - Warm Lamb and Halloumi Delight Craig - Salmon with sweet potato mash and greens
What’s your all-time favourite cheat meal? Lauren - Doughnuts Craig - Pizza
13
Optimize Your Potential “Donald staged our home beautifully. He made the spaces so inviting and comfortable. His staging made a ‘man cave’ and a music room out of our uninspiring rumpus room. He and his team were quick and efficient moving things in and out - and best of all - careful - as we had just renovated and were worried our new paintwork would be marked - they did not make a single mark.
Donald Ho 0421 540 105 12/28 Bangor St, Archerfield vividau@outlook.com vividpropertystaging.com
Thanks for your great work Donald and your team!” Elke
How to make a smart switch
14
Switching home loans could help you pay off your mortgage sooner, providing you are refinancing for the right reasons and understand what is involved. Here are 6 easy steps to refinancing to help you make the right move when the time comes.
1. Know the costs
Contact David for the full article.
6. Talk to your broker
2. Compare products and service 3. Switch to save 4. Direct your debits 5. Check your borrowing power
Spotlight: Conveyancing Fenson and Co Lawyers F enson & Co Lawyers is a well-established practice specialising in conveyancing, as well as immigration law and business law. We have highly specialised teams that strive for finesse in everything that we do and have the utmost care for our clients.
Our Vision & Values
O
ur vision is to provide our clients with easy access to high quality service for their legal needs. We are committed to the pursuit of effective communication, stress-free transactions and excellence in all areas of our services. We value our focused approach on each individual client’s needs and goals and are passionate about making them into reality. Our wealth of proven experience, expert understanding of the law in all areas of our services and dedication towards our clients are the foundations on which we practice law.
Darren Han Director BCom, JD(Bond), GradDipLP(Bond) Darren.h@fensonlawyers.com.au T 07 3323 3136 M +61 433 225 386 (AU) +86 188 997 367 25 (CN) Office: 1/18 Torbey St Sunnybank Hills
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
DAVID YANG | Mortgage Specialist m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589
15
one team, one mission, one place
2017 FINALIST Place Estate Agents REIQ Large Residential Agency of the Year
3a/531 Kessels Rd Macgregor QLD 4109
Follow me on Facebook & Instagram for updates on what’s happening in & around 4123
Nick Yamada t 0415 757 768 e nickyamada@eplace.com.au w eplace.com.au
16
2017 #1 agent in Rochedale ratemyagent.com.au