Market Overview Sunnybank Hills Q2 2018

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

Jonathan Law

0430 918 800 jonathanlaw@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

2

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.

Jonathan Law 0430 918 800

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.

11

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

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�

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07 3804 1300 john@jpinspections.com.au

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www.jpinspections.com.au 15

Jonathan Law A LOCAL EXPERT Jonathan had a lot of local knowledge of the area and knew the market well. Jonathan spent a lot of time promoting our property ensuring maximum exposure to potenial buyers. Jonathan acted with integrity and always made us his first priority. – Matt & Sarah Sellers of 6 Katie Court Sunnybank Hills

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

JONATHAN LAW

OFFICE

Follow me on Facebook, Instagram and WeChat for updates happening in & around 4109

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

0430 918 800 | jonathanlaw@eplace.com.au