Market Overview Eight Mile Plains Q2 2018

Eight Mile Plains Market place overview page 4

Federal budget page 6

Charity from the heart page 10

Planning for 2018/19 page 11

Community News page 12

2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Eight Mile Plains area specialist

George Yang 楊華

0488 199 888 georgeyang@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 house price falling 0.4 percent and unit prices down 1.9 per cent. 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 Eight Mile Plains traveling in comparison?

There are some facts that we can’t ignore. Yes, the number of house 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 demand to move into Eight Mile Plains has in my opinion improved. With increased infrastructure in and around the suburb, the future for Eight Mile Plains looks even brighter than before. Here’s some reasons why:

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COMMERCIAL AND RESIDENTIAL DEVELOPMENTS – Quest Eight Mile Plains providing corporate accommodation for the

expanding Brisbane Technology Park – New townhouse developments in Eight Mile Plains to support population growth and demand for the area – Eight Mile Plains being next door to the major redevelopment of Market Square offers convenience to what will be a major drawcard to the Brisbane Southside IMPROVED TRANSPORT SYSTEMS – The almost $1 billion Brisbane Metro project, to be operated by Transport for Brisbane, will be a high-frequency public transport system that would link Eight Mile Plains to Roma Street and 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 Eight Mile Plains, 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 this current market, whether you’re selling in the near future or simply just interested, please get in touch as we’d love to help.

George Yang 0488 199 888

Houses sold in

EIGHT MILE PLAINS QUARTER 2 2018

28 $1,458,000

43 days

$825,000

+2%

36.7%

$500pw

HIGHEST SALE PRICE

2018 Q2 MEDIAN PRICE

5 YEAR GROWTH

AVERAGE DAYS ON MARKET

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

EIGHT MILE PLAINS SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

29 Kandanga St

4,3,2

812

24-Mar-18

5

$1,000,000

10 Panache Cl

5,3,4

1302

04-Apr-18

56

$1,040,000

3 Nardie St

5,2,2

640

07-Apr-18

12

$705,000

99 Franquin Cr

5,3,2

603

09-Apr-18

23

$825,000

63 Oakleaf St

4,2,2

659

19-Apr-18

30

$790,000

313 Warrigal Road

3,2,2

807

20-Apr-18

148

$755,000

80 Malbon St

4,2,2

645

20-Apr-18

31

$765,000

25 Highvale St

5,3,2

703

21-Apr-18

31

$1,289,000

16 Ngairi Cl

6,4,5

1200

30-Apr-18

36

N/A

1 Sunshine Place

5,3,2

450

10-May-18

41

$940,000

41 London St

4,1,2

458

12-May-18

36

$551,000

47 Underwood Rd

4,2,2

660

19-May-18

20

$817,000

51 Ingluna Cct

4,2,2

850

19-May-18

22

$885,000

31 Ellendale Cct

5,3,2

534

26-May-18

33

$1,088,000

SOLD

8 DOM | Days on Market

51 INGLUNA STREET, EIGHT MILE PLAINS

$885,000

LAND SIZE

850m2

TOP LOW SET SALE

DOM

22

4

SALE DATE

19 MAY 18

2

2

QUARTER 2 2018

EIGHT MILE PLAINS SPEC

Address

SOLD

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

7 Sandia St

4,3,4

759

31-May-18

41

$900,000

12 Fanfare St

3,2,2

736

02-Jun-18

31

$800,000

1 Stanton Ct

3,2,2

726

04-Jun-18

68

$700,000

14 Maisie Pl

5,3,2

639

06-Jun-18

49

$730,000

15 Tapioca St

4,2,2

640

11-Jun-18

45

$630,000

52 Bordeaux St

5,3,2

884

12-Jun-18

55

$900,000

34 Arcadia St

4,2,2

600

12-Jun-18

46

$580,000

7 Dome St

3,1,1

651

15-Jun-18

44

N/A

14 Nardie St

4,2,2

600

15-Jun-18

43

N/A

18 Tapioca St

3,1,1

450

15-Jun-18

49

$480,000

9 Ruby Cl

6,3,3

785

18-Jun-18

88

$1,458,000

46 Ingluna Cct

5,3,2

922

22-Jun-18

87

$929,888

38 Maisie Pl

5,3,5

798

22-Jun-18

26

$1,013,500

29 Amarna St

4,2,2

693

23-Jun-18

29

$936,000

9 RUBY CLOSE, EIGHT MILE PLAINS

$1,458,000

LAND SIZE

785m2

TOP DOUBLE STOREY SALE

DOM

6

SALE DATE

88 18 JUN 18

3

3

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

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

Local Business Highlight!

• BNE Pop Up (Brisbane Pop up) is a mobile coffee cart business stationed in Yim Bun Park, along Padstow Road, border of Eight Mile Plains and Sunnybank.

• S erving delicious coffees and other assorted drinks, the founder and barista, Eddie always had a passion for coffee and always wanted to start his own café.

• If you love coffee as much as I do and want to support a local business, you have to check it out!

• Opens usually Monday to Saturdays from 6am to about 11am. Follow them on instragram: www.instragram.com/bnepopup for updates

FUNERAL PARLOUR PLANS REJECTED

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• A proposal submitted in June 2017 to build a funeral parlour on the grounds of St Martin’s church (Chester Road) at Eight Mile Plains was recently rejected by the Brisbane City Council.

• Residents were concerned the funeral parlour would cause traffic issues, negatively impact on real estate values and was an inappropriate fit for the area.

• The council undertook a comprehensive assessment of the proposal and found the noise impacts, loss of existing vegetation and the increase in on-site car parking would not be consistent with the community’s expectations.

COMMUNITY NEWS

New Accomodation IN EIGHT MILE PLAINS!

Quest Eight Mile Plains offers brand new serviced apartment accommodation in Eight Mile and is perfectly positioned within the thriving Brisbane Technology Park and within walking distance to other major business parks. The location boasts quick and easy access to both Brisbane and the Gold Coast via the Pacific, Gateway and Logan Motorways.

by its local infrastructure such as the Brisbane Technology Park, which is home to over 150 national and multinational companies working across the biotech, health and medical, mining, communications, electronics, and software development industries.

Quest Eight Mile Plains features 90 brand new serviced apartments including Studio, One, Two and Three Bedroom Apartments. It’s exciting to see a national company like Quest recognise the growth of Eight Mile Plains, fuelled

• Gym

HOTEL FEATURES • 24 hour on site management • Broadband internet access* • Accessible apartments • Reception | 7am to 10pm daily

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WE BRING MORE THAN 25 LENDERS TO YOUR DOORSTEP...

THAT’S CHOICE! Ever compared your loan with other lenders? You may find you’re missing out.

Time Home Loans not only offers you the all important freedom to choose, we also outshine the banks in service, personal touch and passion!

Here’s why it’s wise to use a Time Home Loans Mortgage Specialist!

We work for you, not the banks.

We will source the right loan for you depending on your financial circumstances.

The banks would offer a suitable available product, however they won’t tell you if another bank has an even better product or deal for you.

RUAN BURGER

DAVID YANG

Mortgage Specialist | m: 0477 030 456

Mortgage Specialist | m: 0450 088 688

t: 07 3194 0888 | e: ruan@timehl.net.au

t: 07 3194 0888 | e: david@timehl.net.au

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

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

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

a family owned business

Our Difference

JOHN PUPAVAC

0411 874 464

07 3804 1300 john@jpinspections.com.au

Our mission is to provide the highest quality inspections in South East Queensland. We succeed at this because of the integrity of our inspector and support staff, our commitment to being respectful and considerate of our clients and each other, and our passion for continuing education to learn the newest innovations of our industry.

www.jpinspections.com.au 15

George Yang REAL ESTATE PROFESSIONAL – 21 JUN 18 From our initial meeting with George we were made to feel very comfortable and his knowledge of the market clearly demonstrated his experience in real estate.

For the marketing process George provided clear direction on how to best attract potential purchasers. As we progressed with the marketing campaign we received comprehensive feedback from each open house. On receiving an offer prior to our auction date George’s professionalism allowed for a smooth process. We thank George & the team at Place Sunnybank for a successful campaign selling our property. – Ian & Kay, 29 Amarna St Seller

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

GEORGE YANG 楊華

0488 199 888 | georgeyang@eplace.com.au 3a/531 Kessels Rd, Macgregor