SUNNYBANK HILLS Market place overview page 4
Federal budget page 6
Charity from the heart page 10
Planning for 2018/19 page 11
Hellawell Road upgrade page 12
2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Sunnybank Hills area specialist
ESTELLE LIN
0425 490 208 estellelin@eplace.com.au
Hello
friends & family Can you believe we are already half way through 2018? With Autumn already come and gone we now welcome a colder Brisbane climate. Despite the fact we don’t get as cold as other cities further south, those from the Sunshine State tend to be hit harder by the cold when it sets in, so stay warm! 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 insight into what’s happening in your local area. A change in season is often associated with a slowdown in the market, especially when the colder months set in. However did you know, this time of the year is one of the best times to sell your property? As there is generally less properties on the market, buyers often don’t have as many options for their next home as they would in peak selling periods such as the coming Spring rush. 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 | Eight Mile Plains | Kuraby | Macgregor Mount Gravatt East | Parkinson | Robertson Rochedale | Rochedale South | Runcorn | Stretton Sunnybank | Sunnybank Hills | Wishart
PLACE MINI
Contents Page 4
Market place overview
Page 5
Suburb statistics
Page 6
Federal budget
Page 8
Houses sold
Page 10
Charity from the heart
Page 11
Our growing place Planning 2018/19
Page 12
Community news
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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Market place overview The Brisbane property market has shown signs of weakening over the past year, these trends becoming more evident in the last few months, with the median price falling 0.7%. This doesn’t come as a surprise, with the economy showing indications of a more ‘balanced market’ since the same time in 2017. So how is our local area in Sunnybank Hills travelling in comparison? There are some facts that we can’t ignore. Yes, the number of houses sales in the area this year has dropped by almost half, and yes, the ‘days on market’ has also stretched out by a few more days on average. However, it’s not all doom and gloom because the underlying demands to move into Sunnybank Hills has in my opinion improved. With increased infrastructure in and around the suburb, the future for Sunnybank Hills looks even brighter than before. Here’s some reasons why: 4
COMMERCIAL AND RESIDENTIAL DEVELOPMENTS – 40 Million Dollar Redevelopment plan at Market Square – New townhouse developments by Auriance to cater for growing population IMPROVED TRANSPORT SYSTEMS – Almost One Billion Dollar Brisbane Metro Project, to be operated by Transport for Brisbane, will be a high-frequency public transport system that would link Roma Street to Eight Mile Plains, Royal Brisbane and Women’s Hospital to The University of Queensland. Coupling these changes with the extremely low supply of homes available for sale in Sunnybank Hills, solid benchmarks are still being set in the area. So if you would like to get an updated opinion on where your property sits in the current market, whether you’re selling in the near future or simply just interested, please get in touch as we’d love to help. Estelle Lin 0425 490 208
Houses sold in
SUNNYBANK HILLS QUARTER 2 2018
66 $1,620,000
70 days
$683,000
-0.7%
28.4%
$450pw
HIGHEST SALE PRICE
2018 Q2 MEDIAN PRICE
5 YEAR GROWTH
AVERAGE DAYS ON MARKET
2017 CHANGE IN MEDIAN PRICE
AVERAGE RENT FOR HOUSES
5
FEDERAL BUDGET The Australian economy continues to strengthen and is shaking off the downturn in mining investment. Under the Government’s economic plan, jobs are being created, investment is rising and the budget is strengthening – enabling the Government to guarantee the essential services Australians and their families rely on. This Budget is about building on that plan to ensure the benefits of stronger economic growth can continue to be secured and shared. PERSONAL INCOME TAX CUTS. Middle to lower income earners will
be getting something right away. Those on the top tax brackets might have to wait a few years. As an example, those on $65,000 a year would save $13 a week in tax if the 32.5% tax rate is reduced to 30%.
AGED CARE SUPPORT. The Budget is expected to introduce around
20,000 new home care places, as well as changes to income tax relief for retirees that will allow them to earn more money without affecting their pension payments.
PRESCHOOL AND CHILDCAR
If you’re one of the million-odd Aussie families feeling the squeeze, you’ll welcome the new childcare package, which will come into effect from July 2. From that date, families with a combined income of $187,000 or less — more than 85 per cent of families with kids in childcare — will no longer have a limit on the Child Care Subsidy.
MEDICARE LEVY. A plan to increase the Medicare levy has been dropped. Treasurer Morrison announced he won’t be increasing the levy to 2.5% from 2% to fund the National Disability Insurance Scheme.
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INFRASTRUCTURE. The biggest infrastructure promise in the budget is
$5 billion for a Melbourne CBD to Tullamarine airport rail link. Other items include $1 billion for the M1 motorway corridor in Queensland, hospitals in Western Australia, remote housing in the Northern Territory and $1.5 billion in road, rail and bridge upgrades for South Australia.
BUSINESSES. The Budget does not propose a tax cut for businesses and
certainly not the top end of town. Clearly, the Government is mindful of community sentiment towards big businesses. However, the Treasurer did call for the implementation of the Government’s enterprise tax plan, which would involve a tax cut for big businesses, with legislation currently before the Senate. While the 2018 Federal Budget has handed down a number of measures that are welcomed, particularly for battlers, baby boomers, and craft beer brewers, the pilgrimage to real tax reform continues to be overshadowed by what seems to be a detour towards the next election.
Information source: https://www.budget.gov.au/2018-19/content/essentials.html?from=singlemessage&isappinstalled=0
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QUARTER 2 2018
SUNNYBANK HILLS Address
8
SPEC Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
29/452 Hellawell Rd
3,1,1
157
24-Apr-18
47
$335,000
29/12 Grandchester St
3,2,1
181
22-Jun-18
21
$360,999
5/12 Grandchester St
3,2,1
142
25-Jun-18
55
$368,000
6/12 Grandchester St
3,2,2
183
12-Jun-18
75
$380,999
110 Morden Rd
2,1,2
405
03-Apr-18
47
$400,000
86 Bradman St
4,2,2
607
27-Apr-18
63
$400,000
11/196 Hellawell Rd
3,2,2
241
09-Jun-18
25
$400,999
1/51 Othello St
3,2,2
243
12-Apr-18
24
$410,000
7/51 Othello St
3,2,2
237
11-Jun-18
49
$412,000
58 Bradman St
3,1,1
607
30-Jun-18
120
$420,999
2/65 Pinelands Rd
3,2,2
176
23-Apr-18
79
$421,000
29 Dennistoun St
Land
322
14-May-18
243
$425,000
25/12 Peter Ct
3,2,2
125
13-Jun-18
63
$430,000
93 Ryhill Rd
3,1,1
438
21-May-18
84
$438,000
18 Neath St
3,1,1
405
22-Jun-18
18
$440,000
90 Morden Rd
3,1,1
405
12-Jun-18
106
$447,000
7/65 Pinelands Rd
3,2,2
159
30-Jun-18
88
$458,999
48 Ryhill Rd
4,1,1
607
30-May-18
93
$475,000
92 Ditton Rd
3,2,1
405
11-May-18
58
$477,500
54 Benbek Cct
3,2,1
407
24-May-18
64
$485,888
109 Landseer St
4,1,2
405
25-Jun-18
55
$495,000
42 Bywood St
5,3,2
600
30-Jun-18
641
$496,999
2 Calliope St
4,1,2
590
02-Jun-18
19
$502,000
150 Jackson Rd
3,2,2
594
25-May-18
67
$518,000
50 Morden Rd
3,1,4
728
11-Jun-18
31
$519,999
33 Manzill St
3,1,2
585
19-Apr-18
129
$520,000
21 Pattie St
3,1,1
577
10-Apr-18
56
$526,000
7 Alkira St
3,1,2
623
07-Jun-18
22
$530,500
6 Firelight St
4,2,2
664
28-May-18
180
$540,000
8 Tanby St
4,1,2
532
08-May-18
95
$555,000
26 Laurieston St
5,2,2
572
01-Apr-18
3
$560,000
47 Cherrywood St
4,2,1
442
11-May-18
98
$568,000
211 Gowan Rd
4,2,2
688
02-May-18
49
$570,168
DOM | Days on Market
QUARTER 2 2018
SUNNYBANK HILLS Address
SPEC Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
76 Wynne St
5,2,3
675
28-Apr-18
32
$571,000
48 Honeywood St
4,2,2
634
22-Jun-18
52
$595,000
41 Christopher St
3,1,4
784
30-Jun-18
25
$618,000
37 Analese St
3,1,4
602
07-Apr-18
16
$635,000
12 Homeland St
5,3,2
604
05-May-18
31
$640,000
5 Pompadour St
4,3,2
607
30-May-18
22
$665,000
20 Commodore St
3,1,1
874
07-May-18
39
$670,000
74 Terowi St
5,3,2
682
14-May-18
60
$678,000
19 Booral St
4,2,1
603
29-Apr-18
41
$683,000
3 Orsino St
4,2,2
680
16-May-18
70
$688,000
14 Cranfield St
5,2,2
751
28-May-18
74
$699,000
19 Peatmoss St
6,3,2
649
16-Jun-18
30
$699,999
23 Indiana St
4,2,2
733
23-Jun-18
25
$710,000
45 Inca St
5,2,2
684
09-Jun-18
46
$730,000
6 Katie Ct
4,2,2
703
05-May-18
23
$730,000
34 Illinois St
3,2,2
601
07-Apr-18
25
$750,000
3 Shylock Cres
4,2,2
660
25-May-18
94
$755,000
83 Peppercorn St
4,2,2
620
20-Apr-18
17
$770,000
6 Wisconsin Ct
5,3,2
768
09-Jun-18
24
$780,280
106 Garro St
4,3,5
674
30-Jun-18
80
$799,999
16 Falstaff St
4,3,2
909
30-Jun-18
94
$815,999
12 Normandy St
5,3,2
701
02-Jun-18
24
$880,000
19 Mintwood Pl
4,2,0
1,017
26-May-18
115
$890.001
69 Park Ave
4,2,2,
855
30-May-18
93
$930,000
57 Othello St
6,3,2
945
30-May-18
107
$985,000
29 Missouri St
5,3,2
1,139
13-Jun-18
121
$988,000
26 Cherrywood St
4,3,2
784
26-Apr-18
87
$998,999
16 Pearlfrost Pl
5,3,2
641
12-May-18
41
$1,070,000
50 Lynelle St
5,3,2
814
19-May-18
26
$1,095,000
41 Ballater St
5,3,6
1,271
12-Jun-18
27
$1,408,000
43 The Avenue
5,3,3
953
16-Jun-18
25
$1,420,000
102 The Avenue
5,3,4
1,598
03-Apr-18
55
$1,550,000
16 Cromwell St
6,6,6
805
25-Jun-18
321
$1,620,000
Information correct at time of print as sourced from RP Data and Pricefinder.
9
CHARITY
FROM THE HEART...
At Place Sunnybank, we believe in giving back to the community. That is why we have developed a fund consisting of all our staff members, to contribute to a different organisation quarterly to support their efforts in the betterment of our community. Owen Chen, Lead Agent and Director of Place Sunnybank shares a very personal story and why we have choosen Mater Little Miracles as our charity of choice this quarter... ‘It was the 5th of October, 2013, 2am in the morning and I was sitting in a room in the Mater Hospital. In my arms lay a small baby, my firstborn, my son, Joshua Chen.
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7 hours had passed from the moment my wife Ping gave birth to him. The room deadly quiet. All I could hear was my heart beat and Joshua gasping for air. Joshua was delivered at full term but he had premature lungs. At the same time, Ping had complications during childbirth, thus requiring her to be induced. She was already unwell with gestational diabetes, but during labour she was bleeding profusely. After the baby was delivered she had lost 1.9 litres of blood. The surgeons immediately pushed her into the operating theatre to stop the bleeding.
Due to the situation, I was very nervous. More nervous than I’d ever been in my life. But because of the experience and professionalism of the hospital staff, I had no doubt that my family would be safe in their capable hands. Joshua was in the Neonatal Critical Care Unit for one week, and Ping was admitted for one and a half weeks postpartum. After 11 days of waiting, I was reunited with my family. I tell this story, because during this whole experience I really appreciated the staff of the hospital, and for the first time noticed the importance of having good equipment to save lives. As a team, we decided that we would contribute by donating to the Mater Little Miracles Foundation. An organisation that helps provide critical care to underdeveloped babies all across Queensland’.
WELCOME Place Sunnybank is continually growing... we would like to welcome nine new staff members JJ MACALINO Lead Agent Parkinson Joined April 2018
LISA ZHOU Co-Agent JJ Macalino Joined April 2018
NICOLA CHATFIELD Manager Property Management Joined May 2018
NADIA MOHARAMINIA Lead Agent Wishart Joined June 2018
MINH NGUYEN Co-Agent Nadia Moharaminia Joined June 2018
JOHN ZHANG Co-Agent Estelle Lin Joined June 2018
EMILY LAMBERT Team Manager Owen Chen Team Joined July 2018
STUART COLLINS Co-Agent Owen Chen Joined July 2018
SANDII COOK Manager Agent Support Joined July 2018
PLANNING
2018/19 Place Sunnybank had an extremely busy 17/18 financial year and the team is excited for what lies ahead with 18/19 beginning. New plans and initiatives were implemented throughout the office, allowing us to even further raise the standard of service to our clients. With our personal and professional ambitions set in place, the team came together to brainstorm and analyse how we could achieve these goals moving into the new financial year. As the team continues to grow, we’ve been able to restructure roles within each of our internal departments. This ensures our clients are receiving the best possible service and care from both our sales and property management departments. 2018/2019 will be an even fuller year, and we are very excited to see Place Sunnybank continue to thrive and grow, providing excellent service and developing stronger and new relationships between our clients and team.
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COMMUNITY NEWS
WHATS HAPPENING LOCALLY IN SUNNYBANK HILLS? HELLAWELL ROAD, THE AVENUE AND BORELLA ROAD INTERSECTION UPGRADES – SUNNYBANK HILLS IS DUE FOR COMPLETION
The Hellawell Road, The Avenue and Borella Road intersection upgrades project is part of Council’s $1.3 billion commitment for more than 90 road improvement projects to take real action on congestion. THE PROJECT INVOLVES 1. Installing signalised intersections on Hellawell Road and The Avenue and on Hellawell Road and Borella Road 2. Widening Hellawell Road to a 4-lane approach at the intersections with dedicated U-turn and right turn lanes 3. Installing signalised pedestrian crossings across Hellawell Road, Borella Road and The Avenue 4. Installing a three metre-wide shared path on the southern side of Hellawell Road 5. Relocating bus stops 6. Installing traffic islands, line marking and turf. PROJECT BENEFIT 1. Improve safety and reduce delays for traffic turning into and out of The Avenue and Borella Road
2. Reducing delays during the morning and afternoon peak period 3. Improving safety for road users by providing protected right turn lanes for vehicles turning right into The Avenue and Borella Road 4. Improve pedestrian safety by providing signalised pedestrian crossings 5. Improving local access by providing a protected U-turn lane in each direction to allow vehicles to access Luke Close and Sheridan Park 6. Improving travel times and reliability for commuters, motorists and public transport services The upgrade will also future-proof the intersections to ensure they can cater to future traffic demand in coming years as the road network evolves. Construction commenced in December 2017, and is expected to be complete in this or next quarter of 2018, weather and construction conditions permitting.
12 https://www.brisbane.qld.gov.au/traffic-transport/roads-infrastructure-bikeways/current-road-intersection-upgrades/hellawell-road-avenueborella-road-intersection-upgrades-sunnybank-hills
COMMUNITY NEWS
STAN’S
TERIYAKI CHICKEN INGREDIENTS
STEPS
1x Chicken Thigh Fillet (Skin On)
1 Mix the *ingredients in a bowl
25ml Kikkoman Soy* Sauce 25ml Mirin* 2x tblsp Raw Sugar* 1x tblsp Olive Oil for Frying Note: Double sauce mixture(*) for 3-4 fillets
2 Pour olive oil in a frying pan and heat pan at high heat till you see steam coming out. 3 O nce the steam is coming out place the fillet skin side down on the pan and pan fry for 1 minute at high heat. 4 After 1 minute lower the heat to mid heat and place lid and cook for 2-3 minutes until the skin is brownish gold colour. 5 Once the skin side has a nice colour flip the fillet over and lower the heat to low heat and place lid again cook for another 3-4 minutes. 6 Give the mixed ingredients* a quick stir and pour into pan. 7 W atch the pan to make sure the sauce does not burn, occasionally flip the fillet so the sauce soaks into the chicken. 8 C ook till you have sauce to your desired thickness. (the bubbles will become stickier as the sauce gets thicker) 9 Cut the chicken into desired size. Best served with some green lettuce. Enjoy!!
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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
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Estelle Lin ESTELLE WAS ALWAYS POSITIVE YET REALISTIC She worked happily around client needs and was very very sensitive about just how big the sale of a family home was to elderly people. She made the process as easy as possible for my parents – we appreciate that more than anything. She worked with genuine care, and enthusiasm and lots of hard work. My mum and dad choose Estelle on her personality and obvious work ethic and we are all very happy with the process she took them through. They would , and I would recommend her most definitely. – Eric & Claire, review from ratemyagent.com.au
OVER
$100m Total Sales in 12 Months
OVER
90
Transactions in 12 Months
OVER
11yrs Selling in your area
Statistics are for Place Sunnybank and Place Sunnybank Agents in general. All information is correct at time of printing
CALL
ESTELLE LIN
OFFICE
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07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109
0425 490 208 | estellelin@eplace.com.au