CALAMVALE 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 Calamvale area specialist
JASON SONG
0433 572 868 jasonsong@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 It was a rollercoaster of a year with the Australian real estate market gaining persistent media spotlight. The royal commission investigations into Australia’s financial sector caused a clampdown in bank lending by a number of the major banks causing plenty of headaches for borrowers. Foreign demand has also declined with restrictions on Chinese capital outflows and tax changes on foreign investment in residential markets. This combination along with several other factors resulted in falling property prices in Sydney and Melbourne dragging the national market into the biggest slump since the start of the global financial crisis, but there is a silver lining to all of this. However, Brisbane continues to defy the downturn (CoreLogic Hedonic Home Value Index). Figures show Brisbane was the only major capital city to record growth in prices at the end of last year — albeit a modest 0.1 per cent.
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Locally, Calamvale had a mixed response to market conditions. In some cases it seemed that days on market (DOM) stretched out and there were minor corrections in certain sale prices (espeically seen in larger homes), whilst on the other hand, some properties (in particularly around medium sized homes) saw strong
marketing campaigns with higher than market expectation sale prices. Our increase of 5.3% in median price shows Calamvale is holding strong despite surrounding market conditions. With that said, we are no longer in a market where EVERY property draws large amounts of interest, sells above expectation and in a short period of time. Buyers in this market are being more selective, doing more research and being more patient with their purchases. Does this mean properties aren’t selling or are not achieving great prices? Absolutely not. In fact, the supply (properties available on the market) in Calamvale is currently low and hence resulting in good activity at Open Homes and auctions. The steady demand espeicially from upsizing young families wanting to buy into Calamvale for its lifestyle and convenience will be one of the key buying forces heading in to 2019. For more detailed information on the market forecasts for 2019, the best times to buy and sell or simply have a chat about where your property sits in the current market, give your local area specialist a call today.
Jason Song 0433 572 868
30
Houses sold in
CALAMVALE
2018 QUARTER 4 | OCT - DEC 2018
HIGHEST SALE PRICE
AVERAGE DAYS ON MARKET
$926,000
47 days
2018 Q4 MEDIAN PRICE
CHANGE IN MEDIAN PRICE
$702,500
+5.3%
24.1%
$450 pw
VS. 2017 Q4 | $960,000
VS. 2017 Q4 | $667,251
5 YEAR GROWTH
VS. 2017 Q4 | 64 days
VS. 2017 Q4 | + 3.8%
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. 6
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
CALAMVALE SPEC
Address
Bed,Bath,Car
DOM
SOLD
Sale Price
19 Borage Pl
4, 2, 2
501
6
18-Oct
$500,000
102 Algester Rd
3, 2, 2
689
70
18-Dec
$518,000
3 Moneghetti Pl
3, 2, 2
451
46
20-Nov
$525,000
6 Van Wirdum Pl
3, 2, 2
450
18
17-Nov
$526,000
16 Moneghetti Pl
3, 2, 2
559
13
23-Oct
$535,000
6 Lenton Pl
4, 2, 2
450
1
21-Nov
$550,000
17 Frances Pl
5, 2, 2
451
68
23-Oct
$563,000
3 Miller Ct
4, 2, 2
489
43
9-Oct
$585,000
2 Dellforest Dr
4, 2, 2
672
N/A
10-Nov
$605,000
6 Harvey Pl
4, 2, 2
458
13
3-Oct
$622,000
23 Corypha Cres
4, 2, 2
659
47
27-Nov
$643,000
9 Dowling Pl
4, 2, 2
700
24
6-Oct
$645,000
21 Khoo Pl
4, 2, 2
455
33
29-Oct
$680,000
16 Orchid Pl
4, 2, 2
722
78
2-Oct
$690,000
3 Wattle Crt
4, 2, 2
788
127
30-Oct
$695,000
SOLD
20 HUNTER CLOSE, CALAMVALE
$823,000
RECORD PRICE
8
Land m2
4 DOM | Days on Market
2
2
LAND SIZE
702m2
DOM
25
SALE DATE
17 NOV 18
QUARTER 4 2018
CALAMVALE SPEC
Address
Bed,Bath,Car
Land m2
DOM
SOLD
Sale Price
11 Jacaranda Pl
4, 2, 4
779
29
1-Nov
$710,000
34 Rivergum Pl
4, 2, 2
690
27
20-Dec
$720,000
8 Bellflower Pl
4,2,2
726
1
14-Oct
$725,888
27 Chateau St
4, 2, 2
600
12
12-Nov
$731,000
54 Honeysuckle Wy
4, 3, 2
818
25
24-Nov
$768,000
6 Chateau St
4, 2, 3
722
16
8-Nov
$778,000
12 Begonia Pl
5, 3, 2
858
33
6-Nov
$780,000
23 Casuarina Cr
5, 3, 2
780
173
10-Nov
$780,000
2 Lavender Cl
5, 3, 3
750
201
22-Oct
$795,000
8 Fallon Ct
4, 2, 5
819
14
30-Oct
$805,000
20 Hunter Cl
4, 2, 2
702
23
17-Nov
$823,000
4 Tulip Cl
5, 3, 7
1,008
18
15-Dec
$837,000
40 Semper Pl
5, 3, 4
700
22
3-Nov
$872,500
8 Alfred Circuit
5, 3, 2
600
182
27-Dec
$908,000
58 Bougainvillea St
4, 2, 2
700
31
13-Oct
$926,000
4 TULIP CLOSE, CALAMVALE
SOLD
$837,000
RECORD PRICE
5
3
2
Information correct at time of print as sourced from RP Data and Pricefinder.
LAND SIZE
1,008m2
DOM
20
SALE DATE
15 DEC 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
QUEENSLAND DAY Celebrating the birth of our great state Do you know the age of Queensland this year? Did you know Queensland was almost named Cooksland? In 2019, Queensland will celebrate its 160th birthday on Thursday 6th June. On 6th June 1859 Queen Victoria gave her approval and signed the Letters Patent for separation from New South Wales. The Queen favoured the name Queensland over suggestions to call it Cooksland in honour of Captain James Cook. Celebrated annually, Queensland Day
is an opportunity to commemorate the state’s culture, heritage, people, places and industry. Since 1981, Queensland’s birthday has been officially promoted by the Queensland Government and has expanded to include a series of events and celebrations. A highlight of these activities is the prestigious Queensland Greats Awards. In celebrating Queensland Day, the community can share a sense of pride in being both Australian and a Queenslander. It is a time to reflect on how lucky we are to be part of such a wonderful, diverse state.
12 Source: http://www.qld.gov.au/about/events-awards-honours/events/queensland-day
COMMUNITY NEWS
When Queensland Day meets the Lions Club The Algester Parkinson Lions Club has hosted Queensland Day events since 2017 and they are putting on another QLDay event this year even bigger and better. The QLDay is intended as a family fun day with free admission, free rides and free entertainment, as well as stalls offering information on local organisations as well as a wide variety of food and drinks. The Honourable Leeanne Enoch MP, Member for Algester, will also be presenting her Queensland Day Awards at our event. The day is planned as a community day, the Club therefore have the need to seek assistance in funding such an event. Should you wish to be involved, the Lions Club is looking for sponsors, contributors for the raffle prizes as well as volunteers. The Lions philosophy is that all money received from the community must go back into the community.
WHEN: 2 Jun 2019 • 9:30am – 3:30pm WHERE: Algester State School Follow Lions on Facebook: @Algester Parkinson Lions Club Brian 0409 877 551 | Jason Song 0433 572 868
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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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Jason Song AWESOME AGENT! Jason is a highly recommended agent! He is very accommodating and really knows his stuff. He was the only agent we met that highlighted the great features of the place his selling in comparison with others. He ensured that during our 1st inspection, we’ll get a great first impression of the place. He responded to our emails/calls/messages urgently, even out of office hours and even met us on a Sunday when we made an offer. For sure, we would get his services in the event we would need to sell our house. - Karen, a review from ratemyagent.com.au
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
JASON SONG
0433 572 868 | jasonsong@eplace.com.au j asonsong@placesunnybank Follow me on Facebook and WeChat for updates happening in & around 4115
OFFICE 07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109