Market Overview Mount Gravatt East Summer Edition 2019

MOUNT GRAVATT EAST 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 Mt Gravatt East area specialist

STAN EGAWA

0466 999 300 stanegawa@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 Looking back on 2018, in Mount Gravatt East we started with a high listing number of 19 listings in January along with 11 sales and in the first half of the year we seen consistent listings and sales even though the media continued to repeat the message that the market was going backwards because of the downwards market trend in Sydney and Melbourne. However, towards end of 2018 the listings and sales number started to drop, and we started to see buyers taking more time to make decisions.

4

This may not sound very positive however, if you look at the overall Brisbane market there were many suburbs that had performed far worse, and we are still very hopeful with this market. The reason for this is even with the sour news above we continued to see strong numbers coming through the inspections, which meant that we continued to have strong buying interest in Mount Gravatt East.

Considering all of above and after having a few weeks of open homes in 2019, the interest level from buyers In terms of sale price, we have seen has not changed. What this means is strong results up until mid-year and then that there is still high demand which we around June, July we started to see some can influence the buyers by creating a change and the sales results started to competition. However, since the drop in scatter and confuse both buyers and the median price, it is more critical now sellers as some comparable homes had than ever to make sure that your house fetched far below what others had. This will stand out from the crowd and also affected the market significantly because having an area specialist to help you when buyers see a cheap sale in the handle the sale. In 2019 this will be the area they tend to use that as the new key for the success of your place! benchmark. Moreover, the days on the Call me today to find out how I can help market started to creep up around that you make the best profit possible. time. At the end, the median price for 2018 was $650,000 which was 1.14% Stan Egawa 0466 999 300 lower from the median in 2017 which was $657,500. The days on market closed at 40 days in 2018, which in 2017 it was much healthier at 28 days.

Houses sold in

MOUNT GRAVATT EAST 2018

158 143 sales in 2017

$1,166,000

40 days

HIGHEST SALE PRICE ($1,400,000 in 2017)

AVERAGE DAYS ON MARKET (28 days in 2017)

$650,000

-1.14%

2018 Q4 MEDIAN PRICE ($657,500 in 2017)

CHANGE IN MEDIAN PRICE (+12.5% in 2017)

35.2%

$437pw

5 YEAR GROWTH

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

MOUNT GRAVATT EAST Address

8

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

173 Broadwater Rd

3,1,2

670

1-Oct-18

45

$576,000

30 Gatton St

3,2,1

405

4-Oct-18

126

$549,500

56 Tarrant St

3,2,2

405

6-Oct-18

44

$573,000

84 Gilliver St

3,1,2

726

11-Oct-18

44

$645,000

25 Tantallon St

3,1,2

670

12-Oct-18

35

$560,000

96 Broadwater Rd

3,2,1

647

13-Oct-18

9

$540,000

69 Dunbar St

3,1,1

617

15-Oct-18

16

$627,000

14 Red Gum Pl

5,3,3

1,000

17-Oct-18

-

$1,012,500

8 Styphelia St

5,3,2

726

21-Oct-18

26

$910,000

138 Dunbar St

3,1,1

587

22-Oct-18

9

$670,000

105 Hoff St

5,2,2

405

24-Oct-18

12

$820,000

11 Enderby St

3,2,1

607

25-Oct-18

93

$639,000

91 Newnham Rd

3,1,4

604

27-Oct-18

-

$650,000

66 Crewe St

3,2,1

635

27-Oct-18

75

$665,000

134 Hoff St

3,2,2

822

27-Oct-18

10

$808,000

DOM | Days on Market

QUARTER 4 2018

MOUNT GRAVATT EAST Address

SPEC Bed,Bath,Car

Land m2

Sold

DOM

Sale Price

56 Hawkwood St

5,3,2

405

30-Oct-18

131

$938,000

50 Crewe St

3,2,3

607

31-Oct-18

69

$635,000

76 Crewe St

3,1,1

613

3-Nov-18

3

$675,000

294 Creek Rd

3,1,4

660

5-Nov-18

40

$640,000

14A View St

2,1,2

386

8-Nov-18

8

$538,000

90 Tristania Way

4,2,2

475

11-Nov-18

43

$895,000

112 Eyre St

4,1,3

635

12-Nov-18

31

$650,000

95 Hawkwood St

3,1,1

506

15-Nov-18

38

$632,000

26 Creek Rd

4,1,1

607

23-Nov-18

70

$700,000

16 Grenfell St

3,1,2

810

30-Nov-18

70

$820,000

85 Pond St

4,1,1

698

3-Dec-18

179

$567,000

65 Grenfell St

4,2,2

622

5-Dec-18

63

$725,000

91 Dykes St

3,1,3

622

13-Dec-18

22

$625,000

89 Carrara St

4,3,6

802

27-Dec-18

126

Undisclosed

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

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

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

MOUNT GRAVATT EAST Townhouse development battle continues

As you may already know last year there was a sad incident in Mount Gravatt East where a huge block of land in the middle of Carrara st, Nurran st and Coolong st bulldozed and cleared by a developer which destroyed home to many natural life including koalas without no communication to the council nor the local residence or development of townhouses.

A group of local residence had stood up against this and in November last year we had good news from the council that the council was going to buy back some part of the land they cleared to make a natural reserve so that we can hopefully bring back habitat for the koalas.

However, early this year the developers have finally submitted a development application to develop 29 townhouses on

the cleared block. According to the Mount Gravatt East Townhouse Development Action Group, Councillor Krista Adams have confirmed that the council’s acquisition of the partial block is still in process and it is heading towards going ahead. Although the DA submission by the developers will be a negotiation tactic for them and they have been advised to still submit objections to the DA. There was a sign board that went up onsite which said all submissions needed to be submitted by the 4th of February which has gone past. As a resident who lives in the suburb, if you are interested for further updates you can find more details on their Facebook group. (see below)

@mountgravatteasttownhousedevelopmentactiongroup or email mgetdag@bigpond.com

12 Source: https://www.facebook.com/mountgravatteasttownhousedevelopmentactiongroup/ Image for illustrative purposes only

COMMUNITY NEWS

CARBONARA UDON

STAN’S SECRET RECIPE

INGREDIENTS

1

Slice the garlic into thin slices, cut bacon into rectangular pieces.

2 portions of Frozen Udon

2

In a bowl, put the egg yolk and grated parmesan cheese and mix well (cheese sauce).

3

Start boiling water in a pot for the udon (use a big pot that comfortably fit 2 portions of frozen udon).

4

In a fry pan, put 1 tblsp of olive oil or butter along with the sliced garlic. Put on low heat.

5

Sear garlic until the smell comes out, then put the sliced bacon in and continue to sear until you can see some brown patterns on the bacon.

6

Once the bacon is ready, put the udon into the boiling water and stir to untangle the udon. After 45-60 seconds take the udon out into a strainer.

7

Put soy sauce into the fry pan and stir for 10-20 seconds, then pour the milk into the fry pan. Put up the heat to high heat.

8

Once the milk starts to bubble put the udon you strained into the fry pan and mix well for around 60 seconds.

9

Pour the cheese sauce you made in step 2 into the fry pan and turn the heat from high to low heat and mix well (*to keep cabonara sauce from getting chunky, do not take longer than 20 seconds in this step).

(Serving for 2)

1 Garlic Clove 2 strips of Bacon 1 tsp of Soy Sauce 100ml of Full Cream Milk 2 Egg Yolk 2 tblsp of grated Parmesan Cheese Pinch of Black Pepper 1 tblsp of Olive Oil or Butter

10 Serve on a plate with some black pepper. Enjoy!

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

Stan Egawa REALLY RECOMMEND Compared to all other real estate agents available, we chose Stan because of his exceptional knowledge of the local market and pricing, and his ability to communicate very clearly the trends and desires of local buyers looking in our suburb. The result was we achieved top price in a tanking market and have not suffered ‘post-sellers remorse’!

- Paul from Mount Gravatt East

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

STAN EGAWA

0466 999 300 | stanegawa@eplace.com.au @ stanegawarealestate Follow me on Facebook and WeChat for updates happening in & around 4122