Market Overview Parkinson Q2 2018

Parkinson Market place overview page 4

Federal budget page 6

Charity from the heart page 10

Planning for 2018/19 page 11

Arthur Park Speedway page 12

2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Parkinson area specialists

JJ MACALINO

LISA ZHOU

0405 223 269 0425 195 258 jjmacalino@eplace.com.au lisazhou@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 According to our own research more than 80% of purchasers in the area have been Asians with mostly Chinese growing families making a move in the Parkinson real estate market – What does this mean for our market?

Our team at Place Sunnybank has been very busy helping families move in and move on to their next plans in life. In the last 6 months we’ve seen a trend of Chinese growing families shifting their focus in Parkinson and surrounding suburbs to find more value for money in their real estate search.

Traditionally the Chinese community would like to be as close to the centre of attraction (Sunnybank) as possible.

Walking distance to restaurants, schools and shopping centres is paramount on the list especially for the families that have different generations living with them and don’t drive. This motivation has pushed the prices higher in the central locations with high demand.

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With affordability reaching at a new level, majority of the buyers have realized that by extending the radius of their search they are able to find larger

& modern homes in family friendly environments such as Parkinson which offers a beautiful lake, several parks and lots of local amenities.

Place Sunnybank has an eagle eye view of the Brisbane South Side market.

With this in mind we have seen the continual growth of Parkinson for the last decade and at the same time we can see a shift in the buyer’s activities.

Is the market trend about to change?

How much is my property worth?

Should I be making a move? With spring selling season just around the corner, there is no better time to get a market update for your property.

If you or anyone you know might be thinking of selling, feel free to contact JJ Macalino today to plan your next move!

JJ Macalino 0405 223 269

Houses sold in

PARKINSON QUARTER 2 2018

25 $928,000

37 days

$651,696

-1.2%

27.9%

$475pw

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

PARKINSON SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

29 Clifton Pl

4,2,4

700

13-Mar-18

59

$618,500

74 Bannockburn Cres

4,2,1

720

13-Mar-18

50

$550,000

8 Glenelg Pl

4,2,2

700

19-Mar-18

13

$680,000

15 Tantanoola St

4,2,2

770

22-Mar-18

21

$564,000

25 Seaton Pl

4,2,2

820

25-Mar-18

6

$731,600

15 Tathra St

4,2,2

562

26-Mar-18

48

$546,000

58 Kakadu St

4,2,2

450

30-Mar-18

2

$635,000

19 Bellfield Cres

4,2,2

815

31-Mar-18

23

$740,000

22 Larapinta Cct

4,4,2

500

03-Apr-18

78

$818,000

28 Inverary Pl

4,2,3

750

06-Apr-18

60

$650,000

20 Nambung Pl

4,2,2

800

08-Apr-18

2

$695,000

62 Watarrka Dr

4,2,4

450

17-Apr-18

90

$525,000

6 Tathra St

4,2,2

600

22-Apr-18

4

$560,000

71 LAKE EYRE CRESCENT PARKINSON SOLD

8

$850,000

LAND SIZE

900m2

Q2 HIGHEST LOW-SET SALE

DOM

24

SALE DATE

05 MAY 18

5 DOM | Days on Market

2

4

QUARTER 2 2018

PARKINSON SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

28 Glenelg Pl

4,2,2

830

28-Apr-18

19

$840,000

71 Lake Eyre Cres

5,2,4

900

05-May-18

24

$850,000

54 Lindfield St

4,2,2

718

08-May-18

69

$641,000

2 Cordeaux Pl

4,2,2

809

12-May-18

24

$928,000

28 Lomond Pl

4,2,2

735

13-May-18

34

$760,000

4 Watarrka Dr

4,2,2

830

22-May-18

19

$715,000

65 Rokeby Dr

4,2,2

912

24-May-18

28

$685,000

38 Rokeby Dr

4,2,2

750

30-May-18

49

$607,000

3 Innes Cl

4,2,2

601

08-Jun-18

85

$577,000

7 Justin Cl

5,2,2

758

10-Jun-18

32

$725,800

6 St John Cl

4,2,2

800

23-Jun-18

23

$680,500

26 Tarra Pl

5,2,3

734

29-Jun-18

67

$650,000

2 CORDEAUX PLACE, PARKINSON SOLD

$928,000

LAND SIZE

Q2 TOP DOUBLE STOREY SALE DOM

4

2

2

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

SALE DATE

809m2 24 12 MAY 18

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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

DID YOU KNOW?

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COMMUNITY NEWS

Arthur Park Speedway Back in the day, specifically the 19th of September 1965 (53 Years ago) the famous lake in Lakewood Estate was once called “Arthur Park Speedway” Arthur Park Speedway or Acacia Ridge as it was also known, was the realisation of a long term plan of Frank Arthur to build a one mile speedway circuit in Queensland.

The one mile, oiled, dirt short circuit oval was situated on fifty seven acres of land at Acacia Ridge, and the track was one hundred foot wide which made it possible for a six wide grid on the starts.

Solo motorcycles headlined the opening meeting, but their life was very short lived.

The track was deemed unsuitable for bikes and only one more solo meeting was ever held. Two notable riders on the big circuit were brothers Bob and Ray Sharpe.

The circuit was very fast, in fact it is recorded that speedcar great Len Brock reached speeds of 130mph around the track in his Berco Holden speedcar.

The venue was very popular, attracting speedway and road cars to it’s meetings.

Unfortunately, the sheer speed of the track led to problems with accidents. Barry Harrison was one driver that hit another stationary car and was knocked out, his car carried on over the embankment and two spectators who had made their way into a restricted area, were injured, the end result being both drivers and spectators were taken to hospital.

Arthur Park only ran a small number of meetings and eventually closed in 1970.

13 Image and article courtesy of http://www.speedwayandroadracehistory.com/acacia-ridge-speedway-arthur-park-speedway.html

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EXCEPTIONAL CUSTOMER SERVICE JJ was very helpful and knowledgeable from the very start. He didn’t beat around the bush, giving very real expectations in today’s current market. He was very efficient throughout the whole experience. His correspondence was always fast. He achieved an amazing sale price, which was above our asking price and in a good time frame. I would highly recommend – Rebecca W. (Seller)

CALL

JJ MACALINO

OFFICE

LISA ZHOU

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

0405 223 269 | jjmacalino@eplace.com.au

0425 195 258 | lisazhou@eplace.com.au Follow me on Facebook, Instagram and WeChat for updates happening in & around 4115