Market Overview Rochedale South Summer Edition 2019

ROCHEDALE SOUTH 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

Frankee + Co page 12

Finance matters by Time Home Loans page 14

Property Report brought to you by your Rochedale South area specialist

LACHLAN PRATT

0413 514 156 lachlanpratt@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

4

It was a rollercoaster of a year with the real estate market in Australia gaining persistent media attention consistently putting it in the 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.

higher than market expectation sale prices. All in all, it is quite clear we are no longer in a booming market (sellers’ 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?

Brisbane continues to defy the downturn, according to the latest CoreLogic Hedonic Home Value Index. Figures from CoreLogic’s Hedonic Home Value Index 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.

The steady demand from first home buyers, young families and interstate migrators wanting to buy into Rochedale South for its ultra-convenience and bright future due to increased infrastructure 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.

Absolutely not. In fact, the supply (properties available on the market) in Rochedale South is low in comparison to previous years leading to homes in the area still seeing plenty of activity at Open Homes.

Locally, Rochedale South 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, whilst on the other hand, some properties Lachlan Pratt 0413 514 156 saw strong marketing campaigns with

Houses sold in

ROCHEDALE SOUTH QUARTER 4 2018

52 $760,000

56 days

$495,000

0.8%

22%

$395pw

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

ROCHEDALE SOUTH Address

8

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

14 Gilandra St

3,2,2

607

4-Oct-18

6

$580,000

45 Torview St

3,2,3

822

7-Oct-18

16

$575,000

40 Narrawong St

3,1,3

610

12-Oct-18

111

$412,500

7 Nerida St

3,1,3

819

12-Oct-18

9

$546,000

55 Kallista Rd

3,2,2

647

12-Oct-18

72

$550,000

39 Koobil St

3,2,2

615

12-Oct-18

36

$580,000

25 Tarcoola St

3,1,1

643

13-Oct-18

25

$567,000

33 Tarcoola St

3,2,2

617

15-Oct-18

93

$500,000

906 Rochedale Rd

4,2,2

597

16-Oct-18

47

$495,000

5 Cotswold Ct

4,2,2

600

16-Oct-18

35

$695,000

72 Kallista Rd

4,2,2

728

19-Oct-18

13

$484,000

25 Pandeen Rd

3,2,5

607

19-Oct-18

9

$519,000

23 Wooraka St

3,1,3

822

20-Oct-18

30

$445,000

7 Marjorie St

5,3,2

1,000

23-Oct-18

27

$760,000

102 Kallista Rd

2,1,1

630

24-Oct-18

13

$365,000

10 Tora St

3,1,2

607

25-Oct-18

223

$415,000

13 Stannard St

3,2,2

607

25-Oct-18

31

$519,999

29 Passerine Dr

3,1,2

789

26-Oct-18

18

$525,000

34 Koobil St

3,2,1

650

30-Oct-18

n.a

$495,000

13 Kuranga St

3,1,2

607

30-Oct-18

49

$415,500

49 Parfrey Rd

4,1,2

688

31-Oct-18

73

$440,000

42 Mungala St

4,2,2

708

31-Oct-18

10

$645,000

59 Pandeen Rd

4,2,2

630

3-Nov-18

n.a

$595,000

12 Lancefield Pl

3,2,2

600

5-Nov-18

148

$475,000

67 Woodlands Dr

3,2,2

610

8-Nov-18

142

$415,000

1 Franklin St

3,1,3

632

8-Nov-18

16

$511,900

DOM | Days on Market

QUARTER 4 2018

ROCHEDALE SOUTH Address

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

808 Underwood Rd

4,2,2

741

12-Nov-18

34

$730,000

34 Exilis St

3,1,1

674

13-Nov-18

69

$375,000

6 Pyeworth Pl

3,1,1

601

13-Nov-18

n.a

$465,000

9 Davis Ct

4,1,2

597

16-Nov-18

24

$510,000

32 Pindari St

3,2,3

802

16-Nov-18

43

$545,000

20 Donna Ave

3,1,2

642

19-Nov-18

264

$499,000

3 Tandara St

4,2,1

607

20-Nov-18

20

$545,000

6 Marsden St

3,1,2

607

24-Nov-18

12

$535,000

28 Monica St

4,3,2

1,000

26-Nov-18

57

$700,000

1027 Rochedale Rd

3,1,2

622

26-Nov-18

13

$481,000

107 Passerine Dr

4,2,2

733

27-Nov-18

33

$628,500

30 Donna Ave

3,2,2

708

2-Dec-18

173

$432,500

12 Marsden St

3,1,3

610

3-Dec-18

24

$470,000

18 Boscawen St

3,2,2

799

3-Dec-18

42

$510,000

20 Elysium Rd

5,2,2

620

3-Dec-18

50

$585,000

15 Sunningdale Ave

4,3,2

880

3-Dec-18

123

$733,250

1 Koala Cl

4,2,2

679

7-Dec-18

213

$570,000

16 Pandora St

3,2,3

936

10-Dec-18

23

507,000

14 Pandora St

2,1,1

602

11-Dec-18

12

n.a

12 Lancelot St

4,2,3

1,000

11-Dec-18

13

$660,000

43 Greenview Ave

3,2,2

809

12-Dec-18

37

$640,000

5 Anthea Pl

6,3,3

809

12-Dec-18

23

$710,000

86 Woodlands Dr

3,2,4

610

12-Dec-18

29

$495,000

13 Kaniva St

4,2,2

607

14-Dec-18

17

$577,000

80 Baroona St

4,2,2

612

21-Dec-18

43

$498,000

28 Kallista Rd

3,1,1

564

31-Dec-18

n.a

$413,000

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

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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

We take a closer look at one of our favourite local eateries Frankee + Co. We sat down and spoke with the owners Mal, Bec and Vik to find out a little about them and the business.

What made you want to open Frankee + Co?

banana and coconut water. They then get topped with fresh seasonal fruit and crrunchy toppings. The peanut butter version is tasty too.

Bec and I, along with our business partner Vik, took over in November 2018. We also own Shady Palms bar/cafe in Stones Corner which Vik runs. We were drawn to Frankees as Bec is a local girl and we have always eyed off a spot in her old ‘hood’! We also see that healthy eating is more than just a trend and Frankees appeals to everything from plant based diets, and tasty vegetarian, to indulgent meaty burgers. In our previous cafes we have always had a good selection of options for vegans and vegos and always tried to keep it interesting for them- Frankees is a continuation of that.

Where does the name ‘Frankee + Co’ come from?

Previous owners Luke and Ann had two children, both boys. If theyd had a girl she wouldve been named Frankee.

If you could have breakfast with one famous person, who would it be and why?

That is a hard one to narrow down! Maybe Elon Musk and see if he’ll shout us some solar panels, an electric car and a trip to Mars!

If you were a type of coffee which type would you be and why?

I think i’d be the classic Flat White. Im a fairly laid back person and like to keep my life simple, like this aussie favourite!

Where do you see Frankee + Co in 5 years’ time?

I see Frankees evolving as a neighbourhood cafe with an even stronger ‘green’ focus.

Hopefully by then we will be utilising our waste in a ‘loop’ system and sourcing all our produce closer to home with a fully seasonal menu. I see plant based eating being the main focus by then.

Tell us something we might not know?

Bec and I were contestants on My Kitchen Rules, Season 2. This year will be 10 years since we filmed our series as well as opening up our first cafe, Lady Marmalade.

What is your all-time favourite menu item at Frankee + Co? In this hot weather its hard to go past a nice cold Acai bowl. We use organic Amazonia Acai berries and blend them with fresh 12

Visit them at: Shop 5, 63-65 Springwood Road, Springwood QLD 4127

COMMUNITY NEWS

OUR GALLERY

Connect with us on Facebook @frankeeco and Instagram @frankee_co

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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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Lachlan Pratt THE RIGHT AGENT Advertising, local knowledge and being trustworthy is everything when it comes to selling houses and homeowners can add thousands to their sale prices by choosing the right agent. Lachlan was well presented, had the knowledge, very transparent and trustworthy, being available even at 9pm. He provided tips in preparing the house for sale with the right advertising and styling made the sale very smooth.

- Glenn & Sarah, 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

LACHLAN PRATT

0413 514 156 | lachlanpratt@eplace.com.au @lachlanprattproperty

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