Market Overview Sunnybank Summer Edition 2019

SUNNYBANK 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 Sunnybank area specialist

JOHN HENG

0430 800 208 johnheng@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

2

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.

3

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.

4

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 Sunnybank, we reached our peak in April 2018, and have since, fallen by 0.3%. 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 Sunnybank, 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 amount of buyers, and techniques to progress them to be your ultimate buyer.

The Royal Commission has caused banks to tighten up their lending policies, making it hard for buyers to enter the market. This domino effect could see John Heng 0430 800 208 developers go under, leading to job losses, and more pressures on the banks.

Houses sold in

SUNNYBANK QUARTER 4 2018

25 $1,790,000

103 days

$852,000

0%

41.5%

$450pw

HIGHEST SALE PRICE

2018 Q4 MEDIAN PRICE

5 YEAR GROWTH

AVERAGE DAYS ON MARKET

CHANGE IN MEDIAN PRICE

AVERAGE RENT FOR HOUSES

5

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

7

QUARTER 4 2018

SUNNYBANK SPEC

Address

Land m2

Sold

DOM

Sale Price

35 Lister St

7,6,2

548

2-Oct-18

53

$1,330,000

29 Newber St

6,6,2

430

12-Oct-18

265

$1,550,000

25 Francey St

3,2,2

1,436

17-Oct-18

130

$1,790,000

253 Lister St

5,2,2

412

26-Oct-18

86

$730,000

17 Alconah St

3,2,4

582

4-Nov-18

6

$750,000

31 Marelda St

4,2,2

615

6-Nov-18

273

Undisclosed

6 Pengana St

4,1,3

660

12-Nov-18

55

$590,000

7 Dianella St

5,5,2

692

15-Nov-18

163

$1,098,000

110 Lister St

3,1,2

602

19-Nov-18

63

$667,000

270 Beenleigh Rd

4,1,1

840

24-Nov-18

130

$450,000

11/111 Station Rd

3,2,1

143

24-Nov-18

172

$451,500

23 Tarrawonga St

3,2,6

610

24-Nov-18

143

$685,000

61 Arcoona St

4,1,1

642

24-Nov-18

59

$690,000

SOLD

8

Bed,Bath,Car

DOM | Days on Market

29 NEWBER STREET, SUNNYBANK

$1,550,000

LAND SIZE

430m2

TOP DOUBLE STOREY SALE

DOM

265

6

SALE DATE

12 OCT 18

6

2

QUARTER 4 2018

SUNNYBANK SPEC

Address

Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

1 Naldi St

4,2,2

635

24-Nov-18

336

$835,000

62 Arcoona St

4,3,2

921

24-Nov-18

16

$840,001

33 Albyn Rd

6,2,2

814

26-Nov-18

138

$735,000

37 Newber St

4,1,2

411

28-Nov-18

77

$570,000

181 Young St

3,1,8

1,012

28-Nov-18

69

$950,999

32/18 Altandi St

3,2,2

376

28-Nov-18

106

Undisclosed

10/8 Deason St

3,2,1

119

29-Nov-18

56

$418,000

88 Valhalla St

3,2,2

607

1-Dec-18

23

$800,000

44 Devenish St

4,2,2

834

7-Dec-18

0

$955,000

9 Mitchell St

3,2,4

617

11-Dec-18

32

$750,999

88 Dunedin St

4,2,2

941

11-Dec-18

47

$850,999

10 Littler St

6,4,3

1012

19-Dec-18

90

$1,000,999

25 FRANCEY STREET, SUNNYBANK

SOLD

$1,790,000

Q4 HIGHEST PRICE SALE

3

2

2

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

LAND SIZE

1,436m2

DOM

130

SALE DATE

17 OCT 18

9

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.

11

COMMUNITY NEWS

UPCOMING

EVENTS & DATES LUNAR NEW YEAR ROOFTOP PARTY WHERE: Sunnybank Plaza Rooftop Carpark WHEN: 16 Feb 2019 • 4:00 – 9:00pm

EIGHT MILE PLAINS TREE PLANTING WHERE: Kaohsiung Park 26 Highvale St WHEN: 10 Mar 2019 • 9:00 – 12:00pm

WORLD SCIENCE FESTIVAL WHERE: Queensland Museum, South Brisbane WHEN: 20 – 24 Mar 2019

LET US MAKE YOUR DAY! Purchase any item of your choice, then present this voucher to receive a complimentary ‘Dessert of the Day’.

12

Shop 15, 342 McCullugh St, Sunnypark Shopping Centre, Sunnybank QLD 4109

COMMUNITY NEWS

LOCAL BUSINESS INTERVIEW 6 years ago, Charline opened Juno Bakery in Sunnybank Park Shopping centre. Her reason was because she was dissatisfied with the lack of a community bakery that made fresh bread on-site in the Sunnybank area. Fast-forward to 2019, Charline’s second business, Juno Dessert and Café, is months away from celebrating their first year anniversary.

We offer discount for: »» Seniors »» University Associations »» Taiwanese Associations

CONNECT WITH US ON THESE CHANNELS!

We had an opportunity to try one of their newly developed recipes, the honey bread.

Tastefully presented, they balance the honey sweetness, with a dollop of fresh vanilla ice cream. Fresh fruit and homemade jam decorate the plate to give an additional visual and gastronomic punch.

Charline and the team also make-to-order and cater for special events such as, Birthdays, Weddings, Community gathering, and etc... They have also hinted that they are expanding the business to another level in the new Market Square development, further broadening their repertoire for the communities needs.

Setting a new benchmark in the community.

Juno Desserts and Café, showcases Charline’s dream of creating fresh and great tasting food that caters to the tastes of our diverse community. Along with her team, she has researched the palettes of all the different cultures that live in Sunnybank, and created varieties of Juno Desert and Café is breads, pastries, cakes that also heavily involved with the change seasonally for the community by giving Senior community to enjoy. discounts, University Student Another huge focus Association discounts, and for Charline and her promotions. Make sure you team was to create a follow their social media healthy alternative for her at Facebook, Instagram, customers young and old. and WeChat for their latest That is why they put a lot products or promotions. of effort in not only creating delicious food with high quality ingredients, while making sure their products didn’t contain too much sugar, salt, and oil.

Visit them at: Shop 15, 342 McCullugh St, Sunnypark Shopping Centre, Sunnybank QLD 4109

13

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

14

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

15

John Heng PROFESSIONAL AGENT John has conducted himself in an exemplary manner whilst selling my property in Sunnybank. Always gives constructive feedback and goes the extra mile to secure the buyer for my property. I do not have any hesitation in recommending John to any prospective seller. Thanks John for your diligence and professional manner. – Robyn, 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

JOHN HENG

OFFICE

Follow me on Facebook and WeChat for updates happening in & around 4109

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

0430 800 208 | johnheng@eplace.com.au