Rochedale South Market place overview page 4
Federal budget page 6
Charity from the heart page 10
Planning for 2018/19 page 11
Books & bakes page 12
coffee
FvREE ouc insidheer
2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Rochedale South area specialist
SKYE DUTSON
0408 180 170 skyedutson@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
So how is our local area in Rochedale South travelling in comparison?
subdividing their land creating more housing opportunities for those looking to move into the area. – The Rochedale Shopping Village has almost completed restorations after fire 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 Roads.
It’s not all doom and gloom because the underlying demand to move into Rochedale South has in my opinion improved. With increased development in and around the suburb, the future for Rochedale South looks even brighter than before. Here’s some reasons why:
• 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 South to the inner city directly.
• Commercial and Residential Developments
Coupling these changes with the diverse price points of Rochedale South, 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.
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.
– The construction of a new million dollar shopping centre, in Rochedale, is now in full swing with the centre set for completion in the second half of 2019.
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– Many home owners throughout Rochedale South are making the most of their investment and
Skye Dutson 0408 180 170
Houses sold in
ROCHEDALE SOUTH QUARTER 2 2018
36 $945,000
51 days
$512,000
+0.2%
21.6%
$420pw
HIGHEST SALE PRICE
2018 Q2 MEDIAN PRICE
5 YEAR GROWTH
AVERAGE DAYS ON MARKET
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
ROCHEDALE SOUTH SPEC
Address
Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
4 Kancoona St
4,2,2
612
2-Apr-18
83
$588,000
48 Wendron St
3,1,2
601
3-Apr-18
31
$490,000
51 Kallista Rd
3,1,2
608
4-Apr-18
59
$450,000
29 Devon St
3,1,2
610
8-Apr-18
67
$428,500
74 Springwood Rd
3,1,1
741
8-Apr-18
88
$630,000
27 Netherby St
3,2,4
650
9-Apr18
38
$581,000
98 Kallista Rd
3,1,2
630
10-Apr-18
29
$512,000
32 Passerine Dr
4,2,1
726
12-Apr-18
51
$538,000
12 Bauple Cres
4,2,2
662
16-Apr-18
60
$531,000
17 Devon St
3,1,2
642
17-Apr-18
43
$476,000
11 Milperra Rd
4,2,4
632
19-Apr-18
57
$519,500
31 Devon St
3,2,1
610
23-Apr-18
55
$490,000
46 Elysium Rd
3,2,2
651
23-Apr-18
59
$490,000
5 Zeeman St
3,1,1
613
24-Apr-18
29
$500,150
6 Bart St
3,1,4
809
24-Apr-18
31
$541,000
673 Underwood Rd
4,1,1
878
27-Apr-18
27
$455,000
15 Nule St
4,2,2
628
1-May-18
64
$580,000
2 Belmore Dr
4,2,2
780
5-May-18
28
$567,500
SOLD
12 BEVERLEY AVE, ROCHEDALE SOUTH
$800,000
Q2 HIGHEST LOW-SET SALE
8
3 DOM | Days on Market
2
2
LAND SIZE
1,083m2
DOM
717
SALE DATE
31 MAY 18
QUARTER 2 2018
ROCHEDALE SOUTH SPEC
Address
SOLD
Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
11 Nerida St
4,1,2
819
9-May-18
6
$495,000
17 Hush Pl
4,2,2
718
9-May-18
49
$586,000
19 Zeeman St
3,1,2
613
11-May-18
23
$530,000
1 Hush Pl
3,1,2
638
11-May-18
49
$568,000
625 Underwood Rd
3,1,1
630
12-May-18
59
$457,000
24 Woodlands Dr
3,1,1
645
14-May-18
35
$498,810
6 Willmott Ct
4,3,2
1614
16-May-18
30
$945,000
25 Narrawong St
3,1,3
819
21-May-18
78
$509,990
24 Exilis St
3,1,2
629
23-May-18
146
$450,000
49 Pandeen Rd
4,2,1
630
24-May-18
35
$527,500
7 Kaniva St
3,1,2
607
29-May-18
105
$460,000
6 Exilis St
3,1,1
620
30-May-18
17
$468,755
12 Beverley Ave
3,2,2
1,083
31-May-18
717
$800,000
13 Lancefield Pl
4,2,1
622
6-Jun-18
20
$570,000
48 Devon St
3,1,2
637
7-Jun-18
36
$491,000
8 Margaret St
3,1,0
819
16-Jun-18
31
$440,000
3 Sultan St
4,1,2
678
25-Jun-18
134
$503,000
28 Tolverne St
4,2,2
825
27-Jun-18
58
$575,000
6 WILLMOTT CT, ROCHEDALE SOUTH
$945,000
Q2 TOP DOUBLE STOREY SALE
4
3
2
Disclaimer: Both top sales are based on recorded data only. Information correct at time of print as sourced from RP Data and Pricefinder.
LAND SIZE
1,614m2
DOM
30
SALE DATE
16 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
BOOKS & BAKES Rochedale Cakes and Pastries has been around for 13 years, owned by Louise and Gilbert, who have been in the baking industry for around 30 years. Prior to owning Rochedale Cakes and Pastries, Louise’s and Gilbert’s talents were showcased at their shop in Cannon Hill. The Cannon Hill shop was a local favourite for 17 years, however due to ongoing renovations to the centre where it was located, it became near impossible for business to be conducted on a day-to-day basis. Fortunately, Louise and Gilbert had planned to downsize their business, after spending years managing over 30 staff. They decided it was time to find a little bakery in a different area.
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Louise and Gilbert brought their love and expertise to the Rochedale South people, with their beautiful breads, cakes and pastries. Their attention to detail and care when making the bread ensures that the bread stays fresh
for longer than most other bakeries, without the use of preservatives. The locals have also been known to rave about their scones. Through identifying a need for a place for locals to sit, enjoy a coffee and a sweet treat, Louise and Gilbert branched out, and leased the shop next door. In November 2016, the extended shop renovations were complete, however the changes did not stop there. Gilbert was inspired through watching a travel documentary to share their extensive library of books with the locals. The idea behind this is to take a book and leave one behind, with Louise proudly saying “we have been able to provide the locals with a place to come and chat”. The reading enthusiasts can not only enjoy the delicious goods, but also relax with a book in hand.
Rochedale Cakes & Pastries 07 3341 7098 3/1 Belmore Drive Rochedale South
COMMUNITY NEWS
South East Busway Major works have finally started for the South East Busway extension between Rochedale and Springwood. Late last year the homes along Rotham Drive, and several other streets, were resumed in preparation for the start of the extension. Trees have now been cleared and demountables set up along School Road, Rochedale. This is an exciting project that will mean the residents of Rochedale South will be able to enjoy congestionfree travel parallel to the Pacific Motorway in the future.
• links to allow easy interchange between local bus and busway services • well-connected pedestrian and cycle access to stations.
The Rochedale to Springwood section of the South East Busway will consist of: • a new 2.4km section of busway between Rochedale and Springwood • a new busway station at Rochedale • local bus access points (from the local road network and the busway)
This project runs in correlation with the Pacific Motorway, Gateway to Logan Motorway Upgrades, which will also help increase traffic flow and improve safety. The upgrades include better interchanges to improve access on and off the motorways, transit lanes and the next stages of the V1 veloway bikeway.
Information correct at time of printing as sourced from the Queensland Transport website and Pdf_sebx_project_guide_intro_overview
UPDATE ROCHEDALE TOWN CENTRE
The Shopping/Town Centre is now under construction at the corner of Miles Platting Rd and Gardner Rd and will consist of a full-sized Coles Supermarket, other outlets and a town square. The historic St Phillip’s Anglican Church building to be relocated into the new Town Square. According to the latest advice, completion is expected in the second half of 2019.
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Skye Dutson STRESS FREE EXPERIENCE AND PROFESSIONAL APPROACH Selling property can be a stressful experience. Skye from PLACE Sunnybank removed this when we sold our home. Skye kept us informed every step of the way with regular catchups. Her recommendations on the best way to present the property were insightful and helped achieve a sale price we were happy with. Skye was generous with her time and made us feel like we were her only clients. – Review from ratemyagent.com.au
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SKYE DUTSON
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0408 180 170 | skyedutson@eplace.com.au
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