Market Overview Calamvale Q2 2018

Calamvale Calamvale market place overview page 4 & 5

Federal Budget page 6

Second quarter sales in Calamvale page 8

Charity from the heart page 10

Our growing place! page 11

Local business highlight page 12

2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Calamvale area specialist

JESS CHIA 謝麗燕

0430 458 822 jesschia@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 Over the past 3 years in Calamvale, more than 80% of purchasers have been Asian (mostly Chinese).

The increasing trend of Chinese growing families, continues to be seen, with families shifting their buying focus away from Sunnybank and Sunnybank Hills and towards Calamvale in search of better value for money.

Traditionally the Chinese community liked to be in the heart of Sunnybank, however affordability of this locale has become further from reach (a 40 year old, 3 bedroom home can fetch close to $1Mil).

Buyers are now looking at migrating south towards Calamvale for homes that are within walking distance to restaurants, schools and shopping centres. This is important for older family members who can’t drive but require these conveniences. Due to these factors, prices have been pushed higher in central locations.

A secondary market, are younger families (who do drive) that are attracted to the larger and/or newer homes available in Calamvale, compared to Sunnybank & Sunnybank Hills where houses are typically 10-15 years older.

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Arguably, there are some facts that we can’t ignore. Calamvale house sales

have halved this year, median prices are down by -2.3% and the average ‘days on market’ has also stretched out by an extra week and a half.

So why is there an increase in demand yet prices have decreased?

It’s undeniable that for the past 6 months news sources have repeatedly broadcast the weakening of the property market. The banks are also locking down on home loans, aka the 2018 credit crunch. Buyers are currently more reserved with submitting offers and are being tougher when negotiating prices.

More than ever, the sales strategy and your agent will need work harder for you when it comes time to sell.

With spring selling season just around the corner, there is no better time to get a market update for your property.

I’d love to hear from you and have the opportunity to share more about my sales strategies. These have allowed my owners to achieve record prices in a changing market whilst maintaining a low average days on market. (22 days compared to the Calamvale average of 56 days).

Call or text Jess Chia anytime on 0430 458 822 to plan your next move!

SECOND QUARTER 2018

CALAMVALE 24 total house sales

MARKET PLACE | HOUSES

median price

$658,500 -2.3% change from 2017

highest sale price

average days on market

5 year growth

average rent for houses

$988,800 23%

56 days

$450pw

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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SECOND QUARTER 2018

CALAMVALE Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

252 Algester Rd

4, 1, 2

617

30/04/2018

11

$480,000

8 Matilda Way

3, 2, 2

450

16/04/2018

42

$520,000

52 Sunflower Cres

3, 2, 2

466

08/05/2018

209

$528,000

92A Golden Ave

4, 2, 2

476

08/05/2018

176

$545,000

15 Matilda Way

4, 2, 2

450

17/05/2018

28

$555,000

10 Wavecrest Pl

4, 2, 2

450

09/04/2018

49

$583,000

43 Reardon St

4, 2, 2

456

28/05/2018

12

$625,000

21 Huegill St

4, 2, 2

602

17/05/2018

16

$625,000

23 Williams Way

4, 2, 2

520

03/05/2018

9

$631,000

5 Webb St

4, 2, 2

654

03/04/2018

20

$635,000

42 Eden Elm St

4, 2, 2

750

14/05/2018

52

$660,000

12 Tequila Crt

4, 3, 2

718

03/07/2018

71

$678,000

SPEC

Address

11 SYCAMORE CLOSE, CALAMVALE

$859,000

TOP LOW SET SALE

8

4 DOM | Days on Market

2

2

LAND SIZE

792m2

DOM

41

SALE DATE

27 MAY 18

SECOND QUARTER 2018

CALAMVALE Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

18 Shelduck Pl

4, 2, 2

737

02/05/2018

122

$680,000

30 Daffodil Cres

5, 2, 2

750

05/05/2018

25

$691,000

22 Golden Ave

4, 2, 4

714

06/04/2018

10

$700,000

18 Galliano Ct

4, 2, 2

926

21/04/2018

46

$703,000

9 Kinedana St

5, 2, 2

657

22/06/2018

53

$758,000

29 Swan Lake Cres

4, 3, 2

700

08/05/2018

20

$775,000

28 Semper Pl

4, 2, 4

658

26/05/2018

25

$791,000

11 Sycamore Cl

4, 2, 2

792

27/05/2018

41

$859,000

27 Calliandra Pl

5, 3, 2

700

09/06/2018

19

$870,000

21 Aster Pl

5, 3, 2

660

19/05/2018

26

$875,000

13 Eden Elm St

5, 3, 2

1,074

31/05/2018

139

$936,000

52 Sheldon St

5, 3, 3

600

05/05/2018

26

$988,800

SPEC

Address

52 SHELDON STREET, CALAMVALE

$988,800

LAND SIZE

600m2

TOP DOUBLE STOREY SALE

DOM

26

5

SALE DATE

05 MAY 18

3

3

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

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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!

Little Dreamers Cafe Serving up rainbow coloured coffees, fresh juices, beautiful breakfast towers and amazing share platters, this is a breakfast and lunch joint that you must try!

Visit Little Dreamers at Shop 3 Calamvale Shopping Centre / 51 Kameruka St, Calamvale

2018 IMPORTANT DATES TO REMEMBER

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SCHOOL

PUBLIC HOLIDAYS

School Term 3 (10 Weeks) Starts | Monday 16th July Ends | Friday 21st September

Ekka Showday | Wednesday 15th August

School Term 4 (10 Weeks) Starts | Monday 8th October Ends | Friday 14th December

Christmas Day | Tuesday 25th December

Queen’s Birthday | Monday 1st October

Boxing Day | Wednesday 26th December

COMMUNITY NEWS

STAN’S

TERIYAKI CHICKEN INGREDIENTS 1x Chicken Thigh Fillet (Skin On) *25ml Kikkoman Soy Sauce *25ml Mirin *2x tblsp Raw Sugar 1x tblsp Olive Oil for Frying Note: Double sauce mixture* for 3-4 fillets

STEPS 1 Mix the *ingredients in a bowl 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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www.jpinspections.com.au 15

Jess Chia 9 GALLIANO COURT CALAMVALE

Another Great Result by a Proven Performer SOLD in 13 days

Street Record Price

3

cash offers

JESS WAS FANTASTIC! “Jess made the selling process of our home a smooth experience. Her professionalism and knowledge of the local market is terrific and her ability to speak Mandarin and Cantonese was paramount. This was most important during the open homes, inspection follow up and offer negotiation stages as many buyers were more at ease speaking their first language.

We were kept informed at all stages. Jess has very strong communication skills and it was very clear from the outset that she was working to obtain the best sale outcome.”

Calamvale Sellers Jenny & Paul

CALL

Jess Chia 謝麗燕

0430 458 822 | jesschia@eplace.com.au Your Place Calamvale Specialist

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