Market Overview Rochedale Summer Edition 2019

ROCHEDALE 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

Mark’s Noodle page 12

Finance matters by Time Home Loans page 14

Property Report brought to you by your Rochedale area specialist

NICK YAMADA

0415 757 768 nickyamada@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 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.

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sold for an outstanding price. 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?

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

The steady demand from foreign buyers, Brisbane continues to defy the downturn, established families and interstate migrators wanting to buy into Rochedale according to the latest CoreLogic Hedonic Home Value Index. Figures from for its ultra-convenience and bright future due to increased infrastructure will CoreLogic’s Hedonic Home Value Index show Brisbane was the only major capital be one of the key buying forces heading city to record growth in prices at the end in to 2019. For more detailed information on the market forecasts for 2019, the of last year — albeit a modest 0.1 per best times to buy and sell or simply cent. have a chat about where your property Locally, Rochedale had a mixed response sits in the current market, give your local to market conditions. In some cases area specialist a call today. it seemed that days on market (DOM) Nick Yamada 0415 757 768 stretched out and there were minor corrections in certain sale prices, whilst on the other hand, some properties saw strong marketing campaigns and still

Houses sold in

ROCHEDALE QUARTER 4 2018

11 $4,480,000

148 days

$1,108,888

8%

41%

$630pw

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 2 ROSS STREET

$660,000 4

2

2

LAND SIZE

288m2

DOM SALE DATE

63 19 OCT 18

LAND SIZE

383m2

DOM SALE DATE

176 28 DEC 18

LAND SIZE

442m2

DOM SALE DATE

57 26 NOV 18

LAND SIZE

10,117m2

DOM SALE DATE

29 2 NOV 18

LAND SIZE

439m2

DOM

78

SALE DATE

15 OCT 18

LAND SIZE

512m2

DOM

60 2 OCT 18

28 PHOENIX STREET

$760,000 4

2

2

49 KATE CIRCUIT

$830,000 4

2

2

29 PILLINGER ROAD

$850,000 1

1

2

51 HILLCREST STREET

$895,000 4

2

2

71 FINCH PARADE

$1,108,888 8

5

2

2

SALE DATE

QUARTER 4 2018

ROCHEDALE 38 ALTITUDE STREET

$1,250,888 5

5

2

LAND SIZE

391m2

DOM SALE DATE

88 23 NOV 18

LAND SIZE

557m2

DOM SALE DATE

300 2 OCT 18

LAND SIZE

14,164m2

DOM SALE DATE

94 7 DEC 18

LAND SIZE

21,400m2

DOM

130 3 OCT 18

74 FINCH PARADE

$1,450,000 6

3

3

345 GRIEVE ROAD

$1,700,000 4

2

2

500 GRIEVE ROAD

$2,600,000 5

5

5

SALE DATE

451 MILES PLATTING ROAD

$4,480,000 4

TOP SALE QUARTER 4 2018 DOM | Days on Market

2

2

LAND SIZE

21,200m2

DOM

142

SALE DATE

15 OCT 18

Disclaimer: Both top sales are based on recorded data only.

Information correct at time of print 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 Mark’s Noodle.

We sat down and spoke with the owners Mark and Melinda to find out a little about them and the business.

Tell us a bit about yourself and what inspired you to open up Marks noodle?

great schools (Rochedale State School and Mansfield etc). With the newly open Rochedale Central shopping village (IGA, BWS etc) and Coles on its way, our life just become more and more convenient.

Myself & Melinda moved to Brisbane two years ago from Shanghai (China). Where we worked as an accountant and engineer of multinational firms. I am very good at making steamed cold noodles and hand pulled noodles so as soon as we heard that Rochedale Central was looking for a tenant we immediately reached out to rent a shop in hoping to start our own business. And even better it’s just five minutes walk away from our house. This noodle restaurant is a combination of our interests, work and dreams.

What do you love about owning your own business?

Owning a business is very different from working as an employee. It requires continuous learning and actively making improvements for a better tomorrow. We love the fact that we are so close to our community. We see familiar faces everyday, people chat to us freely and we are hoping to make Mark’s Noodle a community hub or a relaxed gathering place for local residents.

We source from local suppliers and are willing to help other residents promote their businesses. Together, we are stronger.

What’s your most popular dish?

Big Plate Chicken with handmade noodles and Steamed Cold Noodles. Both are signature dishes from Mark’s hometown – Xinjiang, Urumqi. Especially the steamed cold noodles, a perfect cool light meal for Queensland all year around.

If you could cook dinner for 3 celebrities who would they be and what would you cook them?

We are bad at picking any celebrities, as a fast serving noodle bar, the dinner we wish to cook for anyone special is the one long pulled noodle. It is a Chinese tradition to eat noodle for birthday, the longer the noodle, the longer the life.

What’s the secret to making good noodles?

Water, flour, a little bit salt and Mark’s obsession are all it takes.

What do you love about the area?

Rochedale is close to everywhere: CBD, Airport and Westfield Garden City shopping centre. It is also in catchment of many 12

Visit them at: Shop 7, 21 Lorisch Way, Rochedale QLD 4123

COMMUNITY NEWS

OUR GALLERY

Connect with us on Facebook @marksnoodle and Instagram @marks_noodle

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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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Nick Yamada OUTSTANDING AGENT Nick was professional yet personal and never failed to continue his standard throughout the sales process. He was diligent and achieved the results we required.

I would have no hesitation recommending Nick in the future to family and friends.

- R & S Stribling, Rochedale (a review from ratemyagent.com.au)

CALL

NICK YAMADA

0415 757 768 | nickyamada@eplace.com.au Follow me on Facebook and WeChat for updates happening in & around 4123

Let’s Connect on WeChat!

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