Market Overview Runcorn Summer Edition 2019

RUNCORN SUMMER EDITION 2019

Market overview page 4

Happy Lunar New Year 2019: Year of the Pig page 6

Sales for the quarter page 8

Renovate or relocate? page 10

Community news page 12

Finance matters by Time Home Loans page 14

Property Report brought to you by your Runcorn area specialist

H.Y KIM

0434 643 144 hykim@eplace.com.au

Hello

friends & family Happy New Year and welcome to 2019! We hope you had a safe and relaxing holiday season. We are almost through our hottest time of the year here in Queensland and I’m sure more than a few of us are looking forward to the cooler weather in Autumn. We hope you have made it through sunburn free this summer season!

In this quarterly wrap up, we’ve put together some key information to keep you updated with the latest sales, developments and community news happening in your local area.

A new year can sometimes bring a slowdown in the market, although statistics and activity are currently remaining consistent with what we saw towards the last half of 2018. This is hopefully a positive sign for times to come, as we move towards Easter and the impending election.

As always we appreciate your support and feedback on 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 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 local community!

Enjoy this issue!

Your local specialist | Place Sunnybank

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Calamvale | Carindale | Eight Mile Plains | Kuraby Macgregor | Mount Gravatt East | Parkinson Robertson | Rochedale | Rochedale South | Runcorn Stretton | Sunnybank | Sunnybank Hills | Wishart

PLACE SUNNYBANK TEAM

Contents Page 4

Market overview

Page 5

Suburb statistics

Page 6

Happy Lunar New Year: Year of the Pig

Page 8

Houses sold

Page 10

Renovate or relocate?

Page 11

Place quarterly award winners

Page 12

Community news

Page 14

Finance matters by Time Home Loans

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 Australian property market in 2018 was a turbulent one. Since Australian property prices reached its peak median price in October 2017, the latest data has shown a 5.2% drop nationally. Comparatively, during the Global Financial Crisis (GFC), national dwelling prices declined 5% from peak to trough. We are currently experiencing the sharpest decline in property value to date, and where will this lead us in 2019?

The silver lining in all of this, is that Australia has enjoyed 27 years of unbroken economic growth. Our government have been countering the effects of the end of the mining boom, and international events by loosening bank lending, lowing interest rates, introducing favourable tax laws, and stimulating foreign investment. But all of this worked too well and highly inflated the property market, and now the policymakers must delicately deflate this bubble, and try to bring us into a soft landing.

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Speculators believe that this time, the current government won’t have the ability to slash interest rates, and give out stimulus packages, especially with a general election looming.

For Runcorn, we reached our peak in June 2018, and have since, fallen by 0.1%. Sydney (-8.9%) and Melbourne (-7.0%) markets are anticipated to drop to as much as 15% this year, and whether or not this will affect us in Brisbane is yet to be seen. Recent data has still shown Brisbane prices to be growing (0.2%), due to the increase in interstate, and international migration to our city. As the property owners’ dreams end in Sydney and Melbourne, they are finding opportunity in Brisbane as a viable choice.

As your area specialist, we have been carefully monitoring the activity in Runcorn, and with this information we have identified a shift towards a buyers market. In order to still help you get the best outcome for your asset, we have developed a strategy to help you list at the right time, attract the maximum The Royal Commission has caused banks to tighten up their lending policies, amounts of qualified buyers and techniques to progress them to be your making it hard for buyers to enter the ultimate buyer. market. This domino effect could see developers go under, leading to job H.Y Kim 0434 643 144 losses, and more pressures on the banks. hykim@eplace.com.au

Houses sold in

RUNCORN QUARTER 4 2018

20 $1,060,000

29 days

$591,500

+3%

28.4%

$420pw

HIGHEST SALE PRICE

2018 Q4 MEDIAN PRICE

5 YEAR GROWTH

AVERAGE DAYS ON MARKET

CHANGE IN MEDIAN PRICE

AVERAGE RENT FOR HOUSES

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Chinese New Year 2019 is the year of the Pig according to Chinese horoscope. Anyone that was born in Year 1959, 1971, 1983, 1995, 2007, 2019.

During the Year of the Pig 2019, everything the Pig wants to undertake or strengthen is successful. Luck and Success in most areas greatly contribute to the Pig’s self-esteem.

According to the chinese astrology , 2019 is a great year to make money, and a good year to invest! 2019 is going to be full of joy, a year of friendship and love for all the zodiac signs; an auspicious year because the Pig attracts success in all the spheres of life.

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PERSONALITY OF THE PIG Chinese zodiac Pig signs are considerate, responsible, independent and optimistic. They always show generousness and mercy to endure other people’s mistakes, which help them gain harmonious interpersonal relationships.

STRENGTHS Warm-hearted, good-tempered, loyal, honest, gentle WEAKNESSES Naive, gullible, sluggish, short-tempered

Happy Chinese New Year THE YEAR OF THE PIG

RAT

HORSE

A year full of happiness and prosperity!

A year to sort out social relations and revisit activities

1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008

1930, 1942, 1954, 1966, 1978, 1990, 2002, 2014

OX

GOAT

A good year for Ox. A time for good opportunities

Under a mark of chance, all your ambitions will be fulfilled

1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009

1931, 1943, 1955, 1967, 1979, 1991, 2003, 2015

TIGER

MONKEY

The year for you to come to terms with others

A year under the influence of chance

1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010

1932, 1944, 1956, 1968, 1980, 1992, 2004, 2016

RABBIT

ROOSTER

You will easily get close to others and make new friends

Pay attention to quality of relationships to find success

1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011

1933, 1945, 1957, 1969, 1981, 1993, 2005, 2017

DRAGON

DOG

The Pig’s calmness will mean a year of reconsiderations

Count only on your own efforts to succeed

1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012

1934, 1946, 1958, 1970, 1982, 1994, 2006, 2018

SNAKE

PIG

This year you’ll have to be combative and persuasive

Set priorities, once you start moving, you will see results

1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013

1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007

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QUARTER 4 2018

RUNCORN SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

29/52 Daw Rd

2,2,1

158

18-Oct-18

130

$300,000

16/77 Nursery Ave

3,1,1

194

29-Oct-18

42

$358,000

32/25 Silkyoak St

3,2,2

161

10-Oct-18

121

$435,000

290 Daw Rd

4,2,2

528

12-Nov-18

168

$436,500

1 Mako St

3,1,1

602

23-Nov-18

110

$485,000

28 Maynard St

4,2,2

410

17-Dec-18

120

$510,000

24 Camaro St

3,2,2

648

12-Dec-18

23

$529,500

76 Picot Cres

3,1,1

312

3-Dec-18

16

$535,000

18 Wealth St

4,2,2

462

19-Dec-18

92

$570,000

6 Hinton St

3,2,2

610

20-Oct-18

6

$590,000

SOLD

8 DOM | Days on Market

2 NOBLE COURT, RUNCORN

$810,000

LAND SIZE

705m2

TOP LOWSET SALE

DOM

196

5

SALE DATE

20 NOV 18

3

2

QUARTER 4 2018

RUNCORN SPEC

Address

SOLD

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

2 Culgoa Pl

4,1,2

606

17-Dec-18

50

$593,000

53 Springsure St

4,2,2

462

17-Oct-18

43

$615,000

4 Grenadier Ct

4,2,2

652

17-Nov-18

33

$640,000

2 Ficus St

3,1,2

567

15-Oct-18

192

$650,000

19 Fairmont St

4,3,4

728

8-Dec-18

32

$717,000

81 Warrigal Rd

4,3,3

852

11-Oct-18

39

$775,000

24 Hollywood St

4,2,2

899

15-Nov-18

30

$800,000

2 Noble Ct

5,3,2

705

20-Nov-18

196

$810,000

26 Toorak Pl

4,3,3

743

9-Nov-18

Off Market

$900,000

36 Kalanda St

6,4,2

711

20-Oct-18

25

$1,060,000

36 KALANDA STREET, RUNCORN

$1,060,000

TOP DOUBLE STOREY SALE

6

4

2

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

LAND SIZE

711m2

DOM

25

SALE DATE

20 OCT 18

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RENOVATE OR RELOCATE? Should we renovate? If we spend a certain amount of money in the renovations can we benefit from it when we sell? These are some of the questions that we often get asked. Let us give you some answers!

Starting renovations is a big step and there are crucial steps involved in getting it right!

The first step is to receive a market appraisal for your home to see how much your home is currently worth in today’s market. The reason we heavily recommend this process is to minimise the risk of over capitalising.

As we are currently in the market place with active buyers, we understand what the buyers are looking for in their next/first home, and we may introduce ideas that might be cost effective but highly impactive in your future returns.

Next, tally up the cost of the changes you want to make for your renovation.

This includes labour, materials, potential

alternative accommodation, even time taken off work. We recommend taking 10% of this figure and adding it to the overall number for a more realistic total to account for the unforeseen costs that can often accrue.

Focus on the popular areas of your home when renovating, such as your kitchen, bathroom and living areas. These are the areas future buyers will use to determine value of your home and look at first.

Nevertheless, before you decide on renovations, let us help by offering an obligation free appraisal to see how much your home is worth in today’s market or thinking about selling, get in contact with us today! Looking forward to meeting you soon.

10 Source: https://www.eplace.com.au/lifestyle/relocate-or-renovate-a-guide-to-upsizing-in-brisbane-real-estate

2017 FINALIST REIQ Large Residential PLACE QUARTERLY AWARD WINNERS PLACE SUNNYBANK #2 in Top 5 Sales Businesses JASON SONG THL Top Fee Generator

JESS CHIA Gold Level Sales Award

STAN EGAWA Gold Level Sales Award

EMILY LAMBERT Agent Support Excellence

GEORGE YANG Gold Level Sales Award

NICK YAMADA Platinum Level Sales Award

We would like to congratulate our team for their excellent performance and achievements. Thank you to all of our clients for their continued trust and support. We look forward to assisting more families achieve their property dreams in 2019.

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COMMUNITY NEWS

DEVELOPMENT

Application Submitted

A development application has been lodged for a Service Station, Café and Fast Food Restaurant (with drive throughs), located at 2433 Logan Road, Eight Mile Plains.

Designed by Elevation Architecture, the proposal seeks a Seven Eleven Service Station, Carls JR Restaurant and Starbucks Café both with drive throughs co-located together.

The existing outdoor car sales yard and a mechanical repairs shop will be removed to facilitate the proposed

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development. The site is within the Emerging Community zone and has road frontage to Logan Road and Bleasby Road, Eight Miles Plains.

At this stage it is just the proposal to the council so it might be a little while before we get any updates about it but I will keep you posted. Let me know your thoughts on this proposal as well, I’d love to know what our locals think about it!

Email me: hykim@eplace.com.au

Source: http://www.yourneighbourhood.com.au/logan-road-eight-mile-plains/

COMMUNITY NEWS

CARBONARA UDON

STAN’S SECRET RECIPE

INGREDIENTS

1

Slice the garlic into thin slices, cut bacon into rectangular pieces.

2 portions of Frozen Udon

2

In a bowl, put the egg yolk and grated parmesan cheese and mix well (cheese sauce).

3

Start boiling water in a pot for the udon (use a big pot that comfortably fit 2 portions of frozen udon).

4

In a fry pan, put 1 tblsp of olive oil or butter along with the sliced garlic. Put on low heat.

5

Sear garlic until the smell comes out, then put the sliced bacon in and continue to sear until you can see some brown patterns on the bacon.

6

Once the bacon is ready, put the udon into the boiling water and stir to untangle the udon. After 45-60 seconds take the udon out into a strainer.

7

Put soy sauce into the fry pan and stir for 10-20 seconds, then pour the milk into the fry pan. Put up the heat to high heat.

8

Once the milk starts to bubble put the udon you strained into the fry pan and mix well for around 60 seconds.

9

Pour the cheese sauce you made in step 2 into the fry pan and turn the heat from high to low heat and mix well (*to keep cabonara sauce from getting chunky, do not take longer than 20 seconds in this step).

(Serving for 2)

1 Garlic Clove 2 strips of Bacon 1 tsp of Soy Sauce 100ml of Full Cream Milk 2 Egg Yolk 2 tblsp of grated Parmesan Cheese Pinch of Black Pepper 1 tblsp of Olive Oil or Butter

10 Serve on a plate with some black pepper. Enjoy!

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Finance Matters TIME HOME LOANS

Making sure our sellers and buyers receive the best outcome is our motto and we work hard to live up to this expectation. What we have learned during our journey is how important it is to have finance well evaluated by a reputable finance company. This is why we use Time Home Loans - they assist our sellers and buyers to ensure all aspects of this financial transaction are dealt with in an efficient and professional manner.

FOR BUYERS

FOR SELLERS

Receive a policy through Allianz that gives free cover up to 90 days or settlement.

Time Home Loans will assist with the Discharge process; any seller with a loan against the property they are selling will need this service and Time Home Loans offers it free of charge.

Some lenders allow more borrowing capacity than others. Time Home Loans will guide buyers to ensure no extra credit checks are needed so their first option is the one to get the house they want.

Faster turnaround times with the Time Home Loan’s Fast track option. Fast tracking matters when there multiple offers are on the table; Time Home Loans pride themselves in following a streamlined process that allows fast outcomes and results for their buyers and sellers. They stay on top of which lenders approve loans in 1 or 2 days vs the lenders that can take 10 to 20 days - which could place you in an awkward position to not meet your finance clauses.

Knowing your capacity for your next purchase; Time Home Loans can assist sellers with ‘Home to Home’ home loans, simultaneous settlements and Fast Track options.

BE LOAN SMART THINK TIME HOME LOANS

RUAN BURGER managing director

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m: 0477 030 456 o: 07 3194 0888 f: 07 3194 0889 e: ruan@timehl.net.au w: Time Home Loans a: Suite 2, 17 Lytton Road, East Brisbane Qld 4169

DAVID YANG Mortgage Specialist m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589 We provide real choice between lenders

HANDY MAN JOBS “NO JOB IS TOO BIG OR SMALL”

We do the legwork We may negotiate a better outcome

Lawn Mowing

We keep the competition alive We help at a time & place that suits you

Hedging & Pruning Rubbish Removal Gutter Cleans Tree Lopping All Property Improvements

JOHN PUPAVAC

0411 874 464

07 3804 1300 john@jpinspections.com.au www.jpinspections.com.au Building Inspection Lic No. Pest Technician Lic No. Insurance Accreditation No. Swimming Pool Fence Safety Lic.

75147 13739 3557 100550

TEL: 0419 768 432 peter@peterpansservices.com.au

I will always be striving to provide THE MOST MEMORABLE conveyancing experience for all my clients

Darren Han Director

T: 07 3323 3136 M: 0433 225 386 Darren.h@fensonlawyers.com.au Office: 1/18 Torbey St Sunnybank Hills

BRENDAN YUNG T: 0404 526 526 E: brendan.yung@bytherules.com.au

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H.Y Kim GREAT INTEGRITY AND KNOWLEDGE During the course of the campaign leading up to the auction. He supplied us with regular updates and feed back from the visitors to the open houses. H.Y. was a great listener, giving us support and positive suggestions on the presentation of our property. If you require professional real estate services whether buying or selling, H.Y. is your man. – Sellers of 31 Athalie Street Runcorn

OVER

$100m Total Sales in 12 Months

OVER

177

Transactions in 12 Months

OVER

12yrs Selling in your area

Statistics are for Place Sunnybank and Place Sunnybank Agents in general. All information is correct at time of printing

CALL

H.Y KIM

0434 643 144 | hykim@eplace.com.au

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