SUNNYBANK 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 area specialist
OWEN CHEN
0413 081 780 owenchen@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.
3
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 0.3%. 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 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.
4
However, it’s not all doom and gloom because the underlying demands to move into Sunnybank has in my opinion improved. With increased infrastructure in and around the suburb, the future for Sunnybank looks even brighter than before. Here’s some reasons why:
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, 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. Owen Chen 0413 081 780
Houses sold in
SUNNYBANK QUARTER 2 2018
24 $2,500,000
70 days
$800,000
-0.30%
37.5%
$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.
6
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
7
QUARTER 2 2018
SUNNYBANK Address
8
SPEC Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
22/38 Dyson Ave
3,2,1
173
06-Nov-18
30
$367,500
7/25 Odin St
2,1,1
289
13-Apr-18
36
$385,000
22 Lawford St
Land
466
22-May-18
193
$530,999
25 Keats St
3,2,1
607
04-Nov-18
27
$590,500
198 Lister St
5,2,2
409
16-Dec-18
81
$608,000
53 Altandi St
4,2,2
614
06-Dec-18
89
$628,000
11 Tarrawonga St
3,2,2
607
05-Dec-18
22
$710,000
11/130 Turton St
4,3,2
210
27-Jun-18
35
$770,000
125 Lister St
4,1,2
600
05-Feb-18
35
$808,000
281 Lister St
2,1,2
1,108
30-Jun-18
248
$813,000
15 Lavinia St
3,2,2
652
06-Dec-18
146
$825,000
45 Boonaree St
3,2,4
736
14-Jun-18
1
$877,000
DOM | Days on Market
QUARTER 2 2018
SUNNYBANK Address
SPEC Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
33 Marelda St
3,1,4
610
30-Jun-18
21
$900,800
27 Edith St
4,2,2
1,014
05-May-18
25
$925,000
22 Kardinia St
4,4,2
683
05-Aug-18
28
$945,000
135 Dunedin St
5,2,4
1,012
16-May-18
91
$965,000
15A Sunnybrae St
4,2,2
961
19-May-18
32
$1,010,000
210 Station Rd
5,3,2
506
29-May-18
139
$1,075,800
11 Dunedin St
5,3,2
602
18-Jun-18
84
$1,100,000
192 Station Rd
5,4,2
505
06-Apr-18
102
$1,230,000
92 Dunedin St
5,3,5
1,012
05-Jan-18
89
$1,300,000
25 Newber St
6,6,2
658
16-Jun-18
29
$1,530,000
1 Matt St/225 Mccullough St
4,2,4
701
05-Oct-18
49
$2,200,000
28/141 Station Rd
8,6,3
844
30-Jun-18
41
$2,500,000
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.
10
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!!
13
WE BRING MORE THAN 25 LENDERS TO YOUR DOORSTEP... THAT’S CHOICE! Ever compared your loan with other lenders? You may find you’re missing out. Time Home Loans not only offers you the all important freedom to choose, we also outshine the banks in service, personal touch and passion! Here’s why it’s wise to use a Time Home Loans Mortgage Specialist!
We work for you, not the banks. We will source the right loan for you depending on your financial circumstances. The banks would offer a suitable available product, however they won’t tell you if another bank has an even better product or deal for you.
RUAN BURGER
DAVID YANG
Mortgage Specialist | m: 0477 030 456
Mortgage Specialist | m: 0450 088 688
t: 07 3194 0888 | e: ruan@timehl.net.au
t: 07 3194 0888 | e: david@timehl.net.au
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�
a family owned business
Our Difference
JOHN PUPAVAC
0411 874 464
07 3804 1300 john@jpinspections.com.au
Our mission is to provide the highest quality inspections in South East Queensland. We succeed at this because of the integrity of our inspector and support staff, our commitment to being respectful and considerate of our clients and each other, and our passion for continuing education to learn the newest innovations of our industry.
www.jpinspections.com.au 15
Owen Chen HAPPY SELLER Having just sold our house with the help of Owen and his team from ‘PLACE’ we have nothing but praise for this young group of professionals.We were given the best of advice and feedback in an honest,caring and respectful manner with a good dose of humour along the way. Dealing with ‘PLACE’ made a sometimes stressful time into a pleasurable experience. – Nanette & Terry, review from ratemyagent.com.au
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
OWEN CHEN
OFFICE
Follow me on Facebook, Instagram and WeChat for updates happening in & around 4109
07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109
0413 081 780 | owenchen@eplace.com.au