Market Overview Rochedale Q2 2018

Rochedale Market place overview page 4

Federal budget page 6

Charity from the heart page 10

Planning for 2018/19 page 11

Rochedale Town Centre page 12

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

NICK YAMADA

0415 757 768 nickyamada@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 have become 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 Rochedale traveling in comparison?

It’s not all doom and gloom because the underlying demand to move into Rochedale has been consistent despite the area possessing a higher than average days on market in comparison to surrounding suburbs.

Due to increased development in and around the suburb, the future for Rochedale looks even brighter than before. Here’s some reasons why:: • Commercial and Residential Developments

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– The construction of Coles new million dollar shopping centre is now in full swing with the centre set for completion in the second half of 2019.

– The Rochedale Shopping Village has almost completed restorations after fires damaged the centre in September 2017.

– Further infrastructure throughout the suburb such as a new childcare centre and proposals being put forward by local members to ease congestion on Priestdale and Rochedale Road.

• 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 Rochedale to the inner city directly.

Coupling these changes with the lifestyle of living in Rochedale, solid benchmarks are still being set in the area. 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.

Nick Yamada 0415 757 768

Houses sold in

ROCHEDALE QUARTER 2 2018

9 $1,238,888

59 days

$968,000

+3.2%

37.2%

$635pw

HIGHEST SALE PRICE

2018 Q2 MEDIAN PRICE

5 YEAR GROWTH

AVERAGE DAYS ON MARKET

2017 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

ROCHEDALE Address

8

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

82 McDermott Pde

3,2,2

192

03-Apr-18

48

$575,000

13 Finch Pde

4,4,2

528

15-Apr-18

0

$1,230,000

19 Plateau Pl

6,3,2

450

30-Apr-18

75

$958,000

105 Parklands Cct

5,4,2

477

06-Jun-18

65

$1,238,888

81 Cooper Cres

4,2,2

576

11-Jun-18

50

$968,000

16 Platypus Cct

5,3,2

512

26-Jun-18

1

$1,000,000

DOM | Days on Market

QUARTER 2 2018

ROCHEDALE SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

88 Eagle Pde

4,2,2

400

28-Jun-18

57

$880,000

35 Kate Cct

5,3,2

640

28-Jun-18

77

$1,132,888

16 PLATYPUS CIRCUIT, ROCHEDALE SOLD

$1,000,000 Q2 TOP OFF-MARKET SALE

5

3

2

LAND SIZE

512m2

DOM

1

SALE DATE

26 JUN 18

Disclaimer: Both top sales are based on recorded data only.

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

UPDATE

Rochedale Town The provision of local shopping facilities has always been an important part of the Rochedale Urban Community Neighbourhood Plan, both for Council and for local residents.

The fact that residents currently need to travel to other suburbs to do their regular shopping means more time and money spent by locals and generates additional traffic on the road network.

The Shopping Centre now under construction at the corner of Miles

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Platting Road and Gardner Road will consist of a full-sized Coles Supermarket, specialty retail, food outlets, medical centre and a 2,000 square metre Town Square community space.

Local member Adrian Schrinner has been able to arrange for the historic St Philip’s Anglican Church building to be relocated into the new Town Square for use as a Council-owned community hall.

COMMUNITY NEWS

Centre This will ensure that an important part of Rochedale’s local heritage will be permanently preserved and made available for public use in a very central and convenient location.

According to the latest advice from Coles, completion is expected in the second half of 2019.

This project will deliver a $50 million injection into the area, including a $5 million investment in upgrading public infrastructure, incorporating

road widening, intersection upgrades, construction of new internal roads, bus stops, pedestrian footpaths and a public Town Square.

The project is expected to generate around 275 construction jobs, plus more than 200 ongoing local jobs.

Importantly, this development will give local residents close and convenient access to shopping, medical and community facilities, without the need to leave the suburb.

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Nick Yamada EXCELLENT COMMUNICATION Nick’s communications style and frequency were both outstanding. We were constantly updated on the progress of the marketing, sales and contract execution.

Nick knew the area well and was fully committed to selling our property.

- Vendor Review Ian & Nicole

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NICK YAMADA

0415 757 768 | nickyamada@eplace.com.au Follow me on Facebook, Instagram and WeChat for updates happening in & around 4123

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