Market Overview Mount Gravatt East Q2 2018

Mount Gravatt East Market place overview page 4

Federal budget page 6

Charity from the heart page 10

Planning for 2018/19 page 11

Community news page 12

2018 SECOND QUARTER PROPERTY REPORT Brought to you by your Mount Gravatt East area specialist

STAN EGAWA

0466 999 300 stanegawa@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 property market in Mount Gravatt East (MGE) is in high demand, whilst some surrounding suburbs are slowing down, according to Realestate.com.au (REA). At the end of 2017, the amount of visits per listing was sat at 835 views. By the end of May 2018, this number has dramatically increased by 35%, to 1,298 visits per listing.

Taking into account the decline in the surrounding suburb’s property markets, there are a plethora of reasons as to reassess your options, should you be thinking about selling your home.

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These include: 1. Enquiries and open home attendee numbers are extremely high compared to the market average. This means we can create an atmosphere of competition amongst buyers, potentially triggering a higher sale price.

2. The quality of schools in the area is high, resulting in an increase in demand of properties within the catchment area from families who wish to enrol their children. The emotional desire for families to send their children to particular schools further increases the opportunity for buyers to submit strong offers for a property, with many Asian buyers in particular, relocating to enrol their children within a particular catchment.

3. In the near future, the Mount Gravatt East market may slow down, as it has in the Sunnybank, Macgregor and Eight Mile Plains area. Within 12 months, in these suburbs, the number of buyers who are interested in the area has dropped significantly.

Furthering the statement that the property market in Mount Gravatt East is in high demand, here are some of my recent sale statistics: 61 SPENCE STREET • 250+ groups • 4 week campaign • 23 registered bidders at Auction 37 BALLARAT ST • 30 groups • 1 open home • 4 offers 23 FAIRLAND ST • 15 groups • 1 open home • 7 offers 115 CLAUSEN ST • 28 groups • 1 open home • 5 offers As can be seen from the above information, the demand for buying now is great. If you have plans to sell your house, now is a great time to get in touch with your local expert as your selling experience can be significantly different. Call me today for a free market appraisal.

Stan Egawa 0466 999 300

Houses sold in

MOUNT GRAVATT EAST QUARTER 2 2018

29 $1.06M

43 days

$673,000

+1.9%

41.6%

$420pw

HIGHEST SALE PRICE

2018 Q2 MEDIAN PRICE/ Q1 MEDIAN PRICE $628,500

5 YEAR GROWTH

AVERAGE DAYS ON MARKET Q1 WAS 55 DAYS ON MARKET

CHANGE IN MEDIAN PRICE FROM 2017 Q2 – $660,500

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

MOUNT GRAVATT EAST SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

139 Hoff St

3,1,7

615

04-Apr-18

26

$710,000

27 Troubridge St

3,1,2

637

04-Apr-18

36

$660,000

2,2,1

602

06-Apr-18

0

$650,000

187 Broadwater Rd

3,1,3

658

11-Apr-18

21

$622,500

153 Broadwater Rd

4,1,0

670

14-Apr-18

10

$575,200

19 Pettigrew St

3,1,1

647

16-Apr-18

4

$630,000

47 Foxglove St

3,1,0

635

20-Apr-18

23

$580,000

18 Yarranabbe St

3,1,0

673

21-Apr-18

25

$625,000

47 Coolong St

3,1,2

690

23-Apr-18

18

$673,000

53 Gordon Pde

3,1,1

645

23-Apr-18

87

$610,000

4,2,1

607

10-May-18

175

$648,000

3,3,2

663

12-May-18

26

$1,006,000

5,3,2

451

16-May-18

26

$946,000

23 Fairland St

3,1,1

610

29-May-18

7

$690,000

40 Pettigrew St

3,1,1

647

31-May-18

64

$573,000

5,2,2

506

04-Jun-18

55

$837,500

3,1,1

486

04-Jun-18

41

$550,000

5,3,2

1009

06-Jun-18

48

$1,060,000

15 Bakewell St

4,3,2

612

07-Jun-18

57

$890,000

30 Spence St

3,1,4

647

07-Jun-18

50

$580,500

32 Lauder St Sold By

12 Burrabirra St Sold By

61 Spence St 135 Tristania Way Sold By

103 Hawkwood St Sold By

37 Ballarat St 73 Tallow Wood Pl Sold By

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DOM | Days on Market

QUARTER 2 2018

MOUNT GRAVATT EAST SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

Sold By

115 Clausen St

3,1,1

627

08-Jun-18

11

$690,000

23 Jocelyn Pl

4,2,2

755

09-Jun-18

24

$725,000

77 Dykes St

4,3,2

584

12-Jun-18

41

$770,000

82 Invermore St

3,2,3

607

18-Jun-18

65

$765,000

29 Hicks St

3,2,2

637

18-Jun-18

61

$725,000

83 Grenfell St

3,1,1

607

18-Jun-18

74

$629,500

54 Hathway St

5,2,3

486

19-Jun-18

82

$707,500

4,1,2

615

21-Jun-18

48

$670,000

3,1,2

612

25-Jun-18

42

$700,043

8 Goomerah St Sold By

4 Lymm St

61 SPENCE STREET, MOUNT GRAVATT EAST

SOLD AN

BY ST

A EGAW

$1,006,000 NEW SUBURB RECORD FOR

3 BEDROOM HOME 663m2 DOM 26 SALE DATE 12 MAY 18 LAND SIZE

- N EW STREET RECORD PRICE - 250+ GROUPS THROUGH 4 WEEK CAMPAIGN - 23 REGISTERED BIDDERS - 52 BIDS AT AUCTION

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

Information correct at time of print as sourced from RP Data and Pricefinder.

3

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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

Development

MOUNT GRAVATT EAST RESIDENTS UNHAPPY ABOUT POTENTIAL TOWNHOUSE DEVELOPMENT

THE RESIDENTS OF MOUNT GRAVATT EAST HAVE BEEN LEFT DISTRESSED AND UNHAPPY FOLLOWING THE NEWS OF A POTENTIAL TOWNHOUSE DEVELOPMENT.

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Three large blocks of land, totalling 6,776m2, located at Carrara, Nurran and Coolong Streets were cleared, including the removal of 4,300m2 of mature native trees. These native trees were a known koala habitat, one which has now been destroyed.

Many residents believe the quality and value of the neighbourhood will deteriorate, and the streets will become overpopulated. Around 100 locals gathered in June to raise their concerns about the proposed development.

The neighbourhood was informed of the intention to build approximately 32 4-bedroom townhouses via letter, according to the Southern Star.

The developer aims to build these townhouses to accommodate potential buyers who are unable to purchase stand alone homes in the surrounding areas, due to the increase of the suburb average price.

The three blocks that have been cleared is in a Low Density Residential Zone, and as such isn’t approved for such developments. This means that should the developers put in an application to change the zoning of the land, the local residents have to agree to this before the development could meet the Brisbane City Council Code.

The local residents have had an overwhelmingly negative response to this news, with petitions being created to oppose the developments.

To this date there are no development application submitted about this proposed development according to the Brisbane City Council PD online.

https://pdonline.brisbane.qld.gov.au/masterviewUI/modules/ApplicationMaster/default.aspx?page=search Image for illustrative purposes only

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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07 3804 1300 john@jpinspections.com.au

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Stan Egawa STAN IS THE MAN – 19 MAY 2018 Stan is very professional in the way he conducts himself and he listens to his clients needs. He went that extra mile to ensure that the sale of the family property was as painless for us as possible. I would not hesitate to recommend Stan to any of my friends who were looking for a reliable, confident and professional agent. Thank you Stan we appreciate the effort you put in for us.

Tony G – Mount Gravatt East

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

STAN EGAWA

0466 999 300 | stanegawa@eplace.com.au @ stanegawarealestate Follow me on Facebook, Instagram and WeChat for updates happening in & around 4122

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