Market Overview Wishart Q2 2018

WISHART Market place overview page 4

Federal budget page 6

Charity from the heart page 10

Planning for 2018/19 page 11

New commercial tower page 12

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

Nadia Moharaminia

Minh Nguyen

0401 314 848 nadiam@eplace.com.au

0413 405 695 minhnguyen@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 In the past five years, the median sale price in Wishart has grown 43.2%. In 2018, the median sale price has increased approximately a further $40,000 from where it was in the 2017 market. What does this mean for our market?

There’s no doubt it’s been a quieter start to 2018 as far as the property market goes. In comparison to the same quarter last year (2017 Second Quarter), sales have dropped by a third, The average days on market remains the same over the 2017/2018 years, sitting at 52 days, which is further evidence to indicate consistency for a demand to get in.

With this in mind, Wishart is a highly sought after area, especially for young families looking to be closer to the Wishart and Mansfield school catchments, both placed within the top ten tier of the public schooling system.

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This would also be a factor as to why the time on market remains where it is, and the demand so high. As Wishart is in high demand, we here at Place

Sunnybank have analysed the market’s transition and identified with many of our Asian Database, who are looking to migrate into the area.

In 2017, the Buyer demographic was 50% Asian, and now in 2018 only half way through the year the Asian market has inflated up to 65% to date.

If you have any questions or would like a more detailed insight to our local market and utilize our expertise, please don’t hesitate to contact us as your local area specialists.

Nadia Moharaminia 0401 314 848 Minh Nguyen 0413 405 695

Houses sold in

WISHART QUARTER 2 2018

22 $1,255,000

52 days

$695,811

2.4%

43.2%

$500pw

HIGHEST SALE PRICE

2018 Q2 MEDIAN PRICE

5 YEAR GROWTH

AVERAGE DAYS ON MARKET

CHANGE IN MEDIAN PRICE

AVERAGE RENT FOR HOUSES

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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

WISHART SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

82 Kavanagh Rd

4,2,4

713

03-Apr-18

25

$847,500

14 Andalucia Ct

4,2,4

1,100

03-Apr-18

11

$887,000

43 Holder St

3,1,2

607

07-Apr-18

27

$592,000

28 Montreal St

3,2,2

604

09-Apr-18

114

$685,000

45 Frinton St

3,1,1

646

10-Apr-18

16

$615,006

90 Delavan St

3,1,2

645

12-Apr-18

7

$690,000

23 Avenell St

3,1,2

547

21-Apr-18

23

$635,000

3 Magenta Pl

4,2,2

648

30-Apr-18

14

$910,000

30/10 Adrian Pl

3,2,1

161

30-Apr-18

14

$380,000

25/10 Adrian Pl

2,1,1

164

02-May-18

66

$367,000

8 Gilgo St

4,2,2

600

09-May-18

1

$795,000

SOLD

8 DOM | Days on Market

82 KAVANAGH ROAD, WISHART

$847,500

LAND SIZE

713m2

TOP LOW SET SALE

DOM

25

4

SALE DATE

03 APR 18

2

4

QUARTER 2 2018

WISHART SPEC

Address

SOLD

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

15 Sandwell Cl

5,3,2

1,093

12-May-18

25

$1,255,000

571 Mt Gravatt Capalaba Rd

3,2,2

636

12-May-18

195

$521,000

67 Norfolk Pl

5,3,2

721

17-May-18

56

$900,000

12 Tapscott St

3,2,2

638

20-May-18

223

$702,030

21 Greenwood St

4,3,2

590

22-May-18

28

$850,000

4 Magenta Pl

4,3,2

790

30-May-18

29

N/A

32 Midwood St

5,3,2

816

05-Jun-18

106

$900,000

11 Cotswold Pl

4,2,2

719

07-Jun-18

24

$1,045,000

27/15 Erindale Cl

3,2,1

279

12-Jun-18

92

$508,500

22 Kavanagh Rd

4,1,2

625

14-Jun-18

13

$750,000

7/8 Mahina Pl

3,2,1

154

15-Jun-18

106

$409,000

15 SANDWELL CLOSE, WISHART

$1,255,000

LAND SIZE

1093m2

TOP DOUBLE STOREY SALE

DOM

5

SALE DATE

25 12 MAY 18

3

2

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

NEW COMME

Approved For Upper The development application had been submitted late last year, for a new 14 storey A-Grade commercial tower located at 17 Wadley Street, Upper Mt Gravatt.

The tower consists of 12 commercial floor levels, one mezzanine level, a basement level and will provide a total of 25,606sqm of gross floor area, the project is proposed to occupy the eastern carpark section of the Garden Square office complex situated next to Westfield Garden City.

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A human scale arbour plaza which combines timber elements with vertical gardens and allows light and breezes to permeate the space is planned for MacGregor Street. In compliance with the Brisbane City Council’s ‘buildings that breathe’ guidelines, two rooftop terraces are planned for the 5th and 10th floors.

Along with the incorporation of a ground floor cafe, the proposed development will provide a new pedestrian friendly link which will feed

COMMUNITY NEWS

RCIAL TOWER Mt Gravatt directly into the Westfield precinct as well as an enhanced streetscape experience. The tower has been designed by architecture firm Fender Katsalidis.

The existing office accommodation at the subject site presently accommodates Queensland Government Departments, occupying approximately 80% of the existing floor space.

According to the development application, the proposed development

is located within comfortable walking distance from high-frequency public transport and supports the aims of the BCC and the State Interests in respect of promoting sustainable travel patterns and supporting the existing public transport services available to the site.

A plan for a potential future adjacent mixed use tower has been included in the development application which indicates a building height of 8 storeys high.

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ONE OF THE BEST IN THE BUSINESS Over the years, I have bought and sold four homes. This latest experience in selling my unit was by far the most pleasant and productive. This was largely due to Nadia’s efforts and strategies. Nadia was always very friendly and professional, and followed through with everything. Her interest was genuine and her enthusiasm always at a high pitch. I will have no hesitation in recommending her to anyone I come across needing real estate services, my wife and I will certainly be seeking her out when we sell our home and buy our next property.

Peter – Review from Seller, ratemyagent.com.au

CALL

NADIA MOHARAMINIA

OFFICE

MINH NGUYEN

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

0401 314 848 | nadiam@eplace.com.au

0413 405 695 | minhnguyen@eplace.com.au Follow me on Facebook, Instagram and WeChat for updates happening in & around 4122