Market Overview Rochedale South Q1 2018

Rochedale South Market place overview page 5

Downsizing contributions into superannuation page 6

Place Sunnybank team spirit page 10

Community news page 12

It’s a Place auction page 14

2018 FIRST QUARTER PROPERTY REPORT Brought to you by your Rochedale South area specialist

SKYE DUTSON

0408 180 170 skyedutson@eplace.com.au

Hello

friends & family It feels as though just a few short weeks ago we were celebrating the start of 2018, but now as Easter has come and gone in the blink of an eye we are already a quarter of the way through the year! Where is the time going?

In this quarterly wrap up, we’ve put together some key information to keep you updated with the latest sales and developments in your suburb, along with some community insights into what is happening in your local area.

The first 3 months of the year can often be a busy time for the market and families alike. We regularly see lots of families and couples selling early in the year as they look for a change of lifestyle. In contrast, we also see families urgently trying to buy before the start of the school semester in order for their children to attend their first day of the schooling year!

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 with regards to real estate that you’d like to know about 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.

Enjoy this issue!

Your local specialist | Place Sunnybank

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Calamvale | Eight Mile Plains | Kuraby | Macgregor Mount Gravatt East | Parkinson | Robertson Rochedale | Rochedale South | Runcorn | Stretton Sunnybank | Sunnybank Hills | Wishart

PLACE SUNNYBANK OFFICE

Contents Page 4

Suburb statistics

Page 5

Market place overview

Page 6

Downsizing contributions into superannuation

Page 8

Houses sold

Page 10

Place Sunnybank team spirit

Page 12

Community news

Page 14

It’s not just an auction it’s a Place auction

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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Houses sold in

Rochedale South QUARTER 1 2018

37 $762,500

59 days

$505,000

-2.88%

28.0%

$410pw

HIGHEST SALE PRICE

2018 Q1 MEDIAN PRICE

5 YEAR GROWTH

4

AVERAGE DAYS ON MARKET

CHANGE IN MEDIAN PRICE

AVERAGE RENT FOR HOUSES

Market place overview There’s no doubt it’s been a quieter start to 2018 as far as the property market goes.

In comparison to the same quarter last year (2017 First Quarter), it is quite evident that the property market in Rochedale South is going through a transition phase, much like the overall markets in Brisbane, Sydney and Melbourne.

When you look at the statistics, the number of sales in the area has dropped in this first quarter (Recorded sales: 37 this first quarter of 2018 compared to 68 in the same quarter of 2017). Due to the lower number of sales and the lack of sales in the $600k+ price bracket this year so far, it has also brought back the median price from $511,000 to $505,000. Despite this ‘balanced stage’ in the market, it is worth noting that the low supply of properties in the area for buyers has also increased competition between buyers resulting in a number of sales in the Q1 of 2018 pushing far beyond market expectations.

Here are some possible reasons why the market is balancing out: 1. The general market has had more difficulty obtaining home loans as the banks have increased the criteria of their risk assessments on all applications. This is possibly due to the banks trying to protect their own interests and regulate the property market in Sydney and Melbourne, creating a ripple effect on the Brisbane market, being a nationwide policy.

2. The Chinese Government has imposed strict transaction limitations to foreign countries as they try to protect their own economy. The maximum limit of US$50,000 dollars was imposed since last year as the Chinese Government tries to further tighten control and prevent capital flight.

3. Uncertainty of the interest rates could be another contributing factor. Despite the record low rates at the moment, talks of the Reserve Bank of Australia to increase the interest rates in the near future will have further impacts on our property market.

If you have any questions or would like a more detailed insight to our local market please don’t hesitate to contact me.

Skye Dutson 0408 180 170

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Downsizing contributions into

SUPERANNUATION As mentioned briefly in last year’s market report, from 1 July 2018, the Australian Government will introduce the ‘Contributing the proceeds of downsizing into superannuation (downsizing)’ measure. This measure is part of a package of reforms to reduce pressure on housing affordability in Australia, by encouraging empty nesters to downsize into housing that is more suitable to their needs, and so free up larger family homes.

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If you are 65 or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home.

Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps. The downsizer contribution can still be made if an individual has a total super balance greater than $1.6 million.

Please note, downsizer contributions are not tax deductible and will be taken into account for determining eligibility for the age pension.

ELIGIBILITY FOR THE DOWNSIZER MEASURE

• your home is in Australia and is not a caravan, houseboat or other mobile home • the amount you are contributing is from the proceeds of selling your home where the contract of sale was exchanged on or after 1 July 2018 • the proceeds (capital gain or loss) from the sale of the home are either exempt or partially exempt from capital gains tax (CGT) under the main residence exemption, or would be entitled to such an exemption if the home was a CGT rather than a pre-CGT (acquired before 20 September 1985) asset • you have provided your super fund with the downsizer contribution form either before or at the time of making your downsizer contribution

You will be eligible to make a downsizer contribution to super if you can answer yes to all of the following:

• you make your downsizer contribution within 90 days of receiving the proceeds of sale, which is usually the date of settlement

• you are 65 or older at the time you make a downsizer contribution (there is no maximum age limit)

• you have not previously made a downsizer contribution to your super from the sale of another home.

• your home was owned by you or your spouse for 10 years or more prior to the sale

For more detailed information, please refer to www.ato.gov.au

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QUARTER 1 2018

ROCHEDALE SOUTH SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

14 Wendron St

3,2,1

150

7-Feb-18

50

$380,000

33 Kerstin Crt

3,1,2

600

9-Jan-18

91

$403,000

9 Finfoot St

3,1,2

682

7-Feb-18

28

$439,000

7 Clonara St

3,1,2

630

2-Feb-18

31

$440,000

10 Amanda St

3,1,2

819

12-Jan-18

49

$450,000

11 Kori Cres

3,1,1

708

4-Jan-18

92

$457,000

2 Belmore Dr

4,2,2

780

9-Feb-18

98

$470,000

9 Karoonda Cres

3,1,2

626

19-Feb-18

28

$480,000

9 Parfrey Rd

4,1,2

607

1-Feb-18

50

$480,000

47 Torview St

3,1,2

822

22-Jan-18

76

$480,000

3 Coot Pl

3,1,2

684

12-Mar-18

92

$484,000

29 Tolverne St

4,2,2

728

11-Jan-18

67

$497,000

15 Pindari St

3,1,2

809

18-Jan-18

81

$500,000

11 Gallang St

3,1,1

632

2-Mar-18

11

$502,000

43 Narelle Cres

4,2,2

607

2-Feb-18

85

$515,000

55 Parfrey Rd

3,1,2

668

12-Jan-18

20

$520,000

3 Kirby Crt

3,2,1

653

12-Mar-18

46

$526,000

SOLD

5/525 PRIESTDALE RD, ROCHEDALE SOUTH

$705,000

Q1 HIGHEST LOW-SET SALE

8

5 DOM | Days on Market

2

2

LAND SIZE

626m2

DOM

136

SALE DATE

29 JAN 18

QUARTER 1 2018

ROCHEDALE SOUTH SPEC

Address

SOLD

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

12 Winston St

3,1,0

873

10-Jan-18

43

$535,000

2 Kallista St

4,1,2

658

8-Mar-18

36

$547,500

3 Bedwell Crt

4,1,2

642

25-Feb-18

83

$548,500

15 Torview St

3,1,1

941

26-Mar-18

66

$558,250

17 Pandora St

4,2,4

769

8-Feb-18

121

$560,000

5 Nule St

4,2,2

670

23-Jan-18

70

$560,000

17 Sunningdale Ave

3,1,2

880

28-Jan-18

70

$573,000

19 Minutus St

3,2,2

725

23-Jan-18

77

$573,000

8 Lanfranco St

3,2,1

634

9-Mar-18

7

$580,000

9 Denny Wy

4,2,2

610

27-Feb-18

89

$590,000

23 Hill Park Cres

3,2,3

760

7-Feb-18

26

$618,500

609A Underwood Rd

4,2,5

668

1-Mar-18

92

$626,000

18 Davey St

4,2,2

860

12-Jan-18

30

$630,000

5 Noela Court

4,3,3

1,079

10-Jan-18

35

$695,000

5/525 Priestdale Rd

5,2,2

626

29-Jan-18

136

$705,000

27 Elysium Rd

4,2,3

803

16-Mar-18

46

$752,500

11 Netherby St

6,3,6

761

26-Feb-18

11

$762,500

11 NETHERBY ST, ROCHEDALE SOUTH

$762,500

Q1 HIGHEST HIGH-SET SALE

6

3

6

Disclaimer: Both top sales are based on recorded data only.

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

LAND SIZE

761m2

DOM

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SALE DATE

26 FEB 18

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TEAM SPIRIT PLACE SUNNYBANK DISCUSSES ‘WHAT DRIVES OUR SENSE OF TEAM’ AWARDS NIGHT

AUCTION PLACE BASKETBALL TEAM

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JOINT LISTINGS

TEAM MEETING

CELEBRATORY DINNER With the Commonwealth games and Winter Olympics both happening this year, it dawned on us that PLACE is just like a sports team.

In what way does a business that helps the community buy, sell, and manage property compare itself to some of our favourite sports teams, people, and moments?

It’s actually simpler than you think, and can be explained by one word. Team.

In individual and team sports there are the athletes, then there is the support network behind them.

Everyone plays an important role, aims to be the best that they can be, and shares the same goal.

We practice what we preach and showcase this by the way we conduct our open homes. We communicate as a team to make sure our clients get maximum exposure to our products. Our unique auction process ensures our vendors have a stress-free and profitable experience. We work as a team in the office, in the field, and even on the basketball court on Sundays.

What we offer at Place is a team to manage what is possibly your most important asset, and we do believe that we have the best team you will find in this industry.

Here at Place we live and breathe team culture. It’s an uncommon comradery for many real estate agencies, but for us it’s second nature.

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COMMUNITY NEWS

COFFEE CULTURE Extraction Artisan Coffee is the product of hard work, sacrifice, big dreams and the need for a great cup of speciality coffee.

Located in chic-industrial premises in the heart of Slacks Creek, Logan City and featuring nationally recognised baristas, award-winning artisan roasters, and an innovative and creative chef, Extraction has quickly become a mecca for coffee and foodie fans.

The venture has been a labour of love for Alex Milosevic and Heather Scott, who realised a hard-fought dream when they opened the doors two years ago.

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They had a vision to create the sort of coffee experience rarely found outside inner-city precincts, so it was with great optimism that they used their life savings and sold their home to buy an industrial warehouse and start the business.

Extraction sources and roasts green coffee beans from all over the world, but they also focus on sourcing local produce and products wherever possible, using Scenic Rim’s 4Real Milk and Beenleigh Butchery Bacon.

“Logan residents deserve to experience what has become the norm for people living in Brisbane, and we’re very excited to be able to deliver that. Our dream has been to create a coffee roastery/café that focuses on the highest quality beans and products, but also provide a full coffee experience and become a hub where people gather, work, and relax.”

07 3133 4667 7/3375 Pacific Hwy Slacks Creek QLD extractionartisancoffee.com.au

COMMUNITY NEWS

Nibbling at a new venture Barefoot fish is a dream of two local mums “During one of our overseas trips, we saw the fish nibbling on peoples feet and enjoyed the giggles and squeals of delight coming from everyone. Wondering where this originated and how we could bring this to the locals, we set ourselves a goal to be the first fish spa in South East Queensland.”

The owners are all about keeping it local. Their children went to school in Logan, they worked in Logan, and now they have a unique business here.

The owners said, “The reactions from clients is priceless, ranging from amazement and fascination to intrigue.

This is followed by excitement when they are booking in a tank... realising this is exactly what they need. Most people who dip their feet in a tank giggle like children at first then sit back and enjoy the relaxing 20 minute fish

spa. Clients are mesmerised by the little fish all over their feet.”

The owners wish is to see everyone experience the fun and relaxation of having their feet nibbled and cleaned by fish.

barefootfish.com.au

UPDATE

ROCHEDALE SHOPPING VILLAGE After the recent fire at Rochedale Shopping Village vendors like F-45 fitness are begining to reopen.

Refurbishments can also be seen happening at numerous establishments with completion expected by the end of the month. It won’t be long before all businesses will be fully operational.

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It’s not just an auction it’s a

96

%

OF PROPERTIES SOLD VIA THE AUCTION PROCESS

PLACE AUCTION 61 Booked 13 Sold Prior to Auction 26 Sold at Auction 20 Sold after Auction 2 Withdrawn

PLACE SUNNBANK vs BRISBANE AUCTION CLEARANCE RATES PLACE SUNNYBANK BRISBANE AVERAGE

+17%

45 UNIQUE STEPS It is crucial to pick the right agent who has the experience and practical knowledge of Auction. Not every agent is the same, and the wrong choice of agent can cost you a lot of money, time and unnecessary stress.

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Place Sunnybank’s unique 45 step auction process and their ability to work as a seamless team, prior to and during the auction, has proven results. Place Sunnybank’s clearance rate is approx 17% higher than the Brisbane average.

Disclaimer: All statistics used are current for 2017/2018.

Brisbane statistics are based on current publicly available information.

Experience first hand our 45 Step Action plan that has achieved many great sale results for our clients!

DAVID YANG | Mortgage Specialist

Darren Han

Director BCom, JD(Bond), GradDipLP(Bond) Darren.h@fensonlawyers.com.au

m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589 We provide real choice between lenders

T 07 3323 3136 M +61 433 225 386 (AU) +86 188 997 367 25 (CN)

We do the legwork

Office: 1/18 Torbey St Sunnybank Hills

We help at a time & place that suits you

“I will always be striving to provide the most memorable conveyancing experience for all my clients�

BRENDAN YUNG CONTACT ME 7 DAYS T: 0404 526 526 E: brendan.yung@bytherules.com.au

We may negotiate a better outcome We keep the competition alive

Unit 2, 20 Creek Road Mount Gravatt, Queensland, Australia Call (07) 3113 3407 info@briolegal.com.au www.briolegal.com.au 15

Skye Dutson AWESOME AGENT As soon as we met Skye we knew that we had the right person to sell our house. We immediately felt comfortable with her. Skye is vibrant and enthusiastic and always has a smile on her face. Skye did everything possible to help us get the best price, even giving suggestions to style our house. Skye communicated with us frequently during the course of the sales process, updating us on all potential buyers and any relevant information. We have recommended Skye to our friends because of the awesome professional service she has delivered. – Ian & Lorraine, review from ratemyagent.com.au

CALL

SKYE DUTSON

OFFICE

Follow me on Facebook, Instagram and WeChat for updates happening in & around 4123

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

0408 180 170 | skyedutson@eplace.com.au