Market Overview Calamvale Summer Edition 2019

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

Local Business Spotlight: 4 Fishies page 12

Finance matters by Time Home Loans page 14

4 FISH

IES

CA CHIP RB YOUR CRAV INGS CO

MPLIM

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SNACNKTARY CHIPS

Property Report brought to you by your Calamvale area specialist

JESSICA CHIA

0430 458 822 jesschia@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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Calamvale’s

Market place overview It was a roller coaster 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 (especially 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 especially 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.

Jess Chia 0430 458 822

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.

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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

CALAMVALE SPEC

Address

Bed,Bath,Car

Land m2

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

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8 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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LOCAL BUSINESS SPOTLIGHT What made you open 4 Fishies?

As we also live locally, we found it hard to find a nice local seafood/fish and chip shop that was family friendly, had great food and ambience. All around us was your traditional take away fish and chips but we wanted a little more than that. That’s why we decided to start up 4 Fishies, we wanted to give the locals (including ourselves!) what we believe was missing in the area; a family friendly shop with great atmosphere and most importantly quality fish and chips along with a few special menu items such as fish tacos and seafood marinara.

We take a closer look at one of our favourite local Fish and Chippery 4 Fishies. We sat down and spoke with the owners Jules, Ty & their parents Thang & Maito to find out a little about them and the business.

What do you believe sets 4 Fishies apart?

We’ve put in a lot of thought to ensure that we are delivering our guests the best food, from the oil we use, the quality of chips, and the freshness of our seafood. We work with local suppliers for fish that comes in fresh, not frozen and sourced locally. We’ve even tested the quality of our chips for take aways to ensure that our guests still enjoy a great product when they arrive home. We believe it’s making sure our guests enjoy a great meal whether they are dining in or taking it home.

How long has 4 Fishies been open for?

Where you do see 4 Fishies in 5 years time?

We opened our doors on the 14th of April 2018, so 10 months now.

We’re really hoping that in 5 years time, 4 Fishies is a big part of the community, that we’ve really extended our family and supporting our local communities, schools and local businesses. We believe in locals supporting locals.

Where was the name inspired from?

4 Fishies represents the number of members in our little family! Mum, dad and two energetic boys! But we can’t forget to mention the grandparents too that you will also see in the cafe.

What is your all-time favourite item on your menu?

SEAFOOD CAFE

Our Fish Tacos are very popular from our house specials menu but our traditional fish and chips are always a favourite!

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Visit them at: 210 Kameruka St (Corner of Gowan Road), Calamvale QLD 4116

COMMUNITY NEWS

OUR GALLERY

Connect with us on Instagram @4fishiesAu and Facebook @4fishies

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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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Jess Chia WHAT MY CLIENT SAYS

PATIENT, HELPFUL AND UNDERSTANDING “Jess has been really helpful in addressing different aspects of the sale of our property right from preparation of the house, reporting and follow up of open house feedback and processing of the sale. She is really professional in how she conducts the sale of our property.”

Calamvale Seller, Winnie

CALL, TEXT OR EMAIL ANYTIME

Jess Chia 謝麗燕

Let’s connect on social!

Wechat 微信

0430 458 822 | jesschia@eplace.com.au Your Place Calamvale Specialist

jesschiaproperty jesschiafromplace

Present this voucher to

CARB YOUR CHIP CRAVING SEAFOOD CAFE

ComplimentarySnackChips Visit 4 Fishies at: 210 Kameruka St, Calamvale QLD 4116 T&CS: LIMIT TO 1 VOUCHER PER PERSON, NOT TO BE USED IN CONJUNCTION WITH OTHER OFFERS.