Harcourts - 4069 market Report - May 2016

The 4069 Report

Residential property market

Chapel Hill, Fig Tree Pocket, Kenmore, Kenmore Hills, Brookfield, Pinjarra Hills & Pullenvale

Kathy de Jong 0418 985 969 Phil Zabaks 0403 753 518

Kathy de Jong & Phil Zabaks Your local experts for 4069

As we start our climb towards the middle part of the year, it is interesting to see what changes have taken place in the property market. Across Australia’s capital cities, and when compared to the same time last year, house prices have continued to grow, albeit by smaller percentages than previously, which suggests that we have returned to a more modest-paced market or cycle.

Year on year, Brisbane as a whole grew by 4.5 per cent and remains one of Australia’s most stable and most consistent market places in terms of capital growth. It is also unlikely that Brisbane will see any significant swing or adjustment to this level throughout the remainder of 2016.

There are a number of factors that have resulted in Brisbane’s resilient trend since 2012, namely: consistent population growth change with an average growth rate of 2.2 per cent per annum over the last ten years; less speculation based on property investment; and the market has consistently seen a good level of supply – or homes – coming to the market.

Kathy de Jong I 0418 985 969 I kathy.dejong@harcourts.com.au Phil Zabaks I 0403 753 518 I phil.zabaks@harcourts.com.au

First

comes the coffee

By Susan Prior First came the coffee: roasted locally in

friend. And the French toast, the bacon and egg rolls, and the beef brisket burger are huge winners.

Woolloongabba, Brisbane, and supplied to an

I always like to find out how an establishment

assortment of cafés around Brisbane; then came

gets its name. Often the story is fascinating and

the vibrant coffee shop in downtown Kenmore.

unexpected. And the naming of The Single Guys is no

With a philosophy of uncompromising quality, The

exception. I ask Ben where the name comes from.

Single Guys Coffee Co, run by Ben Graham and Scott Wilson, is a popular spot.

‘No, in case you were thinking it, we aren’t two gay guys, although we don’t mind if people think that.

Newbies to the area may be surprised to find a café

The name comes from the fact that we roast single-

with a definite happening vibe producing great

origin coffee, so we called ourselves “The Single

coffee out in the western suburbs of Brisbane. But

Guys Coffee Co”,’ says Ben.

if you live around Kenmore, you won’t be in the least bit surprised. Why wouldn’t a place like The

So now you know.

Single Guys open up here? The locals have clearly

The café also offers freshly ground coffee beans in

embraced this little place, because at the weekends

take-home packs. ‘A lot of people are getting into

there can be a bit of a queue to get a caffeine hit!

making their coffee at home,’ says Ben. As we chat,

That, says Ben, is because they serve a quality single-origin coffee, and it is fresh – a factor that is often underestimated when it comes to getting a brew’s best flavour.

The café is both minimalist in style, and lively. As for the food, the café has an assortment of simple wellthought-out menu items. Cakes are handmade by a

he explains to me the dreadful impact that coffee pods are having on the environment. Not only that, but they also cost three times as much as loose coffee.

So do yourself a favour, support a local business and buy your coffee-to-go at the café, or buy their locally roasted beans to make your own brew at home.

John Fitzgerald, Principal of Kenmore SHS

A State

School of Excellence

By Susan Prior John Fitzgerald, the executive principal of Kenmore State High School, has been teaching for 37 years, and, even now, with a few years left to go before retirement, he says his job still puts a spring in his step.

I caught up with John to find out about him and his school.

German Immersion has about 50 students enrolled.

‘Immersion’ really means just that. Five core subjects are undertaken completely in German: maths, science, social science, physical education, and, of course, German. Most of the kids do an exchange with Kenmore’s sister school Engelsburg Gymnasium in Kassel, Germany. John says, ‘By the end of Year 11 most of them are well and truly bilingual.’

The music extension is also notable. Specialist

He tells me his first job was teaching at Pimlico State

musicians begin in Year 7. John tells me, ‘By the

High School in Townsville. John specialised in maths

end of Year 12, we have produced some pretty elite

and physics, which, he says, are ‘Two of my passions

musicians. And some go on to the Conservatorium as

in life’. Along with being a little bit of a cricket and

well. Kenmore is noted for its music excellence.’

football tragic as well!

ICE is a programme where students do most of their

We reminisce about ‘the old days’ of log tables and

studies with direct tablet computer access; and Zenith

slide rules. John’s first degree was in surveying at

is designed for high-performing academic students.

The University of Queensland, and when he taught at Kelvin Grove, he had a large slide rule affixed to the classroom wall, but none of the kids really knew what it was!

KSHS is a popular State school with a great reputation. John feels very strongly that the kids who come through the State school system have exceptional community values; they want to put

John has been school principal at Mitchelton State

something back into their communities, and nurturing

High, Craigslea State High, and for the last six years

this is ‘something that State schools do very well’.

at Kenmore. Kenmore is a large school with 1870 pupils. It offers a few specialist programmes including German Immersion, Music Extension, Information Communication Education (ICE), and Zenith.

Kenmore and Chapel Hill families are really lucky to have a school with such a fine reputation on their doorstep.

Kenmore

Statistics at a glance median price for the period

number of sales for the period

total sales ($) for the period

$624k 31 $28.96m

highest price for the period

lowest price for the period

days on market for the period

$5.29m $410k 57

Kenmore

Recent sales 43 Trenton Street $410,000 412m2 -

-

19 Durness Street $460,000 711m2 -

3

1

20 Monter Court $480,000 890m2 2

-

-

1 Glencarron Street $499,000 589m2

19 Byambee Street $507,000 642m2

45 Marland Street $515,000 602m2

4

3

2

1

1

1070 Moggill Road $520,000 956m2 3

1

2

103 Marshall Lane $550,000 562m2 2

4

2

30 Aberfoyle Street $561,500 589m2

81 Kersley Road $580,000 1409m2

3

4

2

2

69 Twilight Street $590,000 640m2 4

2

2

1

2

2

-

2

6 Meagan Street $551,900 604m2 2

4

2

2

18/17 Marshall Lane $580,000 142m2 2

3

2

2

20 Gleneagle Street $620,000 660m2

15/17 Marshall Lane $624,000 127m2

3

3

2

1

2

1

Kenmore

Recent sales (continued) 12 Marland Street $624,000 693m2 5

2

8 Eversden Street $642,000 546m2 2

3

3

23 Fairweather Street $650,000 663m2

3 Foinaven Street $660,000 1389m2

4

3

3

2

12 Darreba Street $675,000 582m2 4

2

2

2

4

2

2/68 Gilruth Road $800,000 229m2

4

3

2

37 Margaret Court $930,000 1481m2 5

4

1

2

2

5

2

4

2

2

9 Melita Street $671,298 1042m2 2

4

2

2

9 Summerfield Place $712,000 640m2 2

4

3

2

30 Riviere Place $800,000 600m2 2

31 Margaret Court $1,060,000 1265m2

-

-

-

21 Kersley Road $5,297,500 7754m2 0

7

2

2

About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external

23 Kersley Road $5,297,500 7223m2 3

2

10 Dusk Street $680,000 908m2

31 Foinaven Street $760,000 769m2 3

22 Jewel Street $645,000 668m2

sources including CoreLogic RPdata. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of

4

the publication by the author. The transactions reported are for settled transactions reported during January, February & March 2016 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction.

Chapel Hill

Statistics at a glance median price for the period

number of sales for the period

total sales ($) for the period

$760k 15 $11.3m

highest price for the period

lowest price for the period

days on market for the period

$1.12m $425k 42

Chapel Hill Recent sales 31 Morningview Street $425,000 1140m2

41 Burbong Street $580,000 1012m2

-

3

-

-

10 Wirra Street $666,000 711m2 3

2

1

25 Marney Street $610,000 645m2 2

3 Widgee Place $675,000 751m2 1

4

2

1

1

93 Moordale Street $730,000 572m2 2

3

2

242A Chapel Hill Road $746,101 754m2

42 Goolman Street $760,000 761m2

1 Chantilly Street $765,000 650m2

4

4

3

2

0

2

1

2

2

1

2

81 Greenford Street $770,000 704m2

4/50 Boblynne Street $819,000 535m2

272 Chapel Hill Road $840,000 712m2

4

3

4

2

2

95 Ludlow Street $847,500 1004m2 3

2

2

2

2

2

2

15 Amberelle Place $930,000 906m2

181 Chapel Hill Road $1,115,000 1123m2

4

4

2

2

2

2

Fig Tree Pocket

Statistics at a glance median price for the period

number of sales for the period

total sales ($) for the period

$893k 12 $13.1m

highest price for the period

lowest price for the period

days on market for the period

$1.85m $550k 63

Fig Tree Pocket Recent sales 190 Kenmore Road $550,000 857m2

6 Errogie Place $731,000 831m2

4

4

1

2

2

13 Fenchurch Street $760,000 620m2

23 Botticelli Street $765,000 744m2

4

3

3

2

30 Errogie Place $920,000 1028m2 5

3

2

2

2

4

3

10 Ningana Street $1,850,000 3430m2

4

4

2

3

-

-

-

37 Donatello Street $865,000 632m2 2

21 Norman Street $1,100,000 2796m2

5/680 Jesmond Road $1,835,000 726m2 2

11 Agnes Place $760,000 943m2

5

4

2

748 Jesmond Road $1,150,000 735m2 2

5

3

2

28 Barry Groves Court $1,850,000 651m2 3

5

3

3

Kenmore Hills & Brookfieldˆ Statistics at a glance median price for the period

number of sales for the period

total sales ($) for the period

$925k 15 $16.6m

highest price for the period

lowest price for the period

days on market for the period

$2.2mˆ $520k 97

Kenmore Hills & Brookfieldˆ Recent sales 11/9 Pamela Place $520,000 306m2

6 Stoneybrook Street $703,500 980m2

16 Mirbelia Street $710,000 856m2

3

5

4

2

2

439 Bielby Road $793,000 711m2 4

3

2

2

252 Bielby Road $885,000 18030m2 2

4

2

2

2

261 Bielby Road $930,000 707m2 3

4

2

2

9/157 Brookfield Road $980,000 1202m2

211 Rafting Ground Road $1,300,000 12130m2

60 Tinarra Crescent $1,600,000 11200m2

4

4

5

3

2

2

2

2

2

30 Drysdale Crescentˆ $730,000 1147m2

34 Drysdale Crescentˆ $818,000 1039m2

61 Boscombe Roadˆ $925,000 10120m2

4

4

-

2

2

3

2

-

-

71 Peronne Placeˆ $1,742,000 10000m2

26 Westridge Streetˆ $1,800,000 10310m2

50 Bundaleer Streetˆ $2,200,000 48740m2

5

5

6

^ Indicates Brookfield sales.

3

3

3

1

4

2

Pullenvale & Pinjarra Hills* Statistics at a glance median price for the period

number of sales for the period

total sales ($) for the period

$1.01m 15 $12.56m

highest price for the period

lowest price for the period

days on market for the period

$2.72m* $680k* 112

Pullenvale & Pinjarra Hills* Recent sales 73 Airlie Road $890,000 10000m2 4

4

2

288 Grandview Road $910,000 31510m2

70 Herron Road $925,000 10130m2

3

5

1

58 Bainbridge Drive $1,010,000 4000m2

88 Primley Street $1,100,000 40120m2

5

-

3

2

230 Obrien Road $1,170,000 40450m2 4

3

-

3

3

2

35/48 Olivia Place $1,125,000 2500m2 -

5

4

2

128 Red Cedar Road $1,250,000 10100m2 2

4

2

3

2832 Moggill Road* $680,000 10120m2

2949 Moggill Road* $780,000 41310m2

44 Glenhurst Street* $2,720,000 81300m2

4

3

5

* Indicates Pinjarra Hills sales.

2

2

1

2

4

6

Kathy de Jong Phil Zabaks 0418 985 969

0403 753 518

Kathy has been involved in real estate for more

Meet Phil Zabaks, a proud western-suburbs local

than 20 years, both as an avid investor and

who thrives on being an active leader in the

through her previous career of 25-plus years in the

community. He is renowned for his strong values

banking, financing and conveyancing sectors.

and it’s these ideals that drive him to provide his

Kathy’s ability to connect, listen and communicate

clients with unmatched service and advice.

effectively with people has greatly benefited her in

Phil is a successful real estate sales professional in

her chosen field. It gives her clients the confidence

Brisbane’s western suburbs; his market knowledge

that they have entrusted the right agent with their

combined with his innovative marketing tactics

most important asset.

led him to Fairfax Media and Domain to drive their

With her exceptional negotiating skills, Kathy has proven time and again that she can obtain premium results for both sellers and purchasers, while her strong professional work ethic has resulted in a satisfied and happy client base.

Responsive and supportive every step of the way, you can feel confident and assured when you choose Kathy to market and sell your property.

You will receive thoroughly professional service coupled with honesty and integrity. Kathy happily goes the extra mile for her clients.

With a positive attitude, refreshing honesty, and a genuine passion for property and people, you can expect and receive the exceptional service that has won Kathy the respect and trust of many home owners.

advertising strategies. With the ultimate goal to increase Domain.com.au’s Queensland market share, Phil spent two very successful years as a ‘high performer’, finishing in the top 5 per cent of all sales personnel, nationally.

With his vast experience, both in the field and behind the scenes, Phil understands the importance of implementing effective advertising strategies in order to get your home in front of not just more people, but the right people.

When you meet Phil, you will find that he is a genuine, honest and friendly agent who you can trust with your most prized possession – your home.

You want Phil on your team.

Property Management: The Key to Professional Property Management Contact our property management team Call 0487 006 222 or email graceville.rentals@harcourts.com.au to reserve your place.

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