Owen Chen Sunnybank Market Update February 2016

Sunnybank

January 2016 Residential Market Report Proudly brought to you by your Sunnybank specialist Owen Chen

Hello.

At Place Estate Agents the goal is to be the best in the world at selling residential real estate in Brisbane. Key to this achieving this goal is attracting high caliber individuals to the team and we are excited to announce that we (pictured above: Mr. Owen Chen, Ms. Ping Han and Ms. Jess Chia); have joined Place to establish the company’s newest office; Place Sunnybank. Owen, Ping and Jess share the same mantra of service excellence and quality that forms the DNA of Place and its people.

Place Sunnybank will be owned and operated by both Owen and Ping; Owen will direct the sales office alongside Ping, who will act as principal, with administration led by Owen’s executive assistant Jess. The trio are experts in the Sunnybank region, having harnessed 50 per cent of the suburb’s market share over the past three years.

Owen is a peak performer with 10 years’ experience in real estate and stands as his previous network’s number one residential sales agent in Queensland. In 2015, Owen was named the network’s International Gold Medalist, which placed him in the world’s top 0.25 per cent of agents for the network.

Across Brisbane, the Place brand has become synonymous with real estate excellence and we are looking forward to the continued delivery of excellence to the Sunnybank region under the Place brand.

Owen Chen 0413 081 780 owenchen@eplace.com.au

Market wrap.

It’s a great time to own property in Sunnybank.

The 2016 property market is very positive, and currently we’re

market soften slightly during the last quarter of 2015, which is

seeing the highest median price we’ve seen in years. With the

historically normal for this period, and since then we’ve seen

benchmark remaining high in the region, Sunnybank continues

stable progress.

to deliver stability with homes selling at a premium price.

Let me explain how we got here.

During 2010 to 2012, we saw steady, lower prices in the market with a median price of $482,500. But within only one year, this

Sunnybank is currently benefiting from years of steady growth, which is resulting in great success and excellent opportunities for buyers in the market, with Sunnybank currently experiencing peak market conditions.

price saw an upswing to quickly reach $620,000 which was

I understand that buying, selling and investing in property is one

ranked as the median price during 2013.

of the biggest decisions of people’s lives. Therefore, my goal

Many factors came together to spark this price hike – firstly, this was the result of overall strong market momentum which led to strong competition between buyers during auctions. With so

is to empower you by delivering quality property information to ensure you have the necessary tools to make the most informed decisions.

much competition, buyers were forced to make quick decisions

While this report can help you understand the value found in

so they wouldn’t miss out on their dream home.

your suburb, each individual home value differs and it’s important

Additionally, this growth from 2013 stemmed from excellent economic conditions. With the dollar value remaining historically

to consider many factors including property attributes and comparable sales.

low, we saw increased buying power, and, combined with low

Please call me to arrange an appraisal, where I’ll be happy to

interest rates, we saw an increase of investors and first home

help you understand the individual value of your property.

buyers enter the market which fuelled strong growth and activity.

Looking at 2014 to 2015, the market remained steady and we saw an 8 per cent increase in house prices. We saw the

I’m looking forward to hearing from you. Owen Chen.

Sunnybank Sales by Owen Chen 2011

38 Altandi Street

23 Arcoona Street

202 Beenleigh Road

4 Aralia Street

23 Waloden Place

206 Beenleigh Road

44 Turton Street

27/141 Station Road

21 Marelda Street

45 Albyn Road

3 Loben Street

22 Agnes Street

49 Devenish Street

31 Lavinia Street

225 Beenleigh Road

57 Everest Street

31 Narooma Street

23 Pinecone Street

6 Selvage Street

32 Kimmax Street

239 Turton Street

64 Everest Street

34 Lavinia Street

29 Marelda Street

7 Arcoona Street

34 Minden Street

29 Mulgowie Street

7 Coolinda Street

41 Odin Street

3 Pictum Place

210 Station Road

71 Mains Road

42 Keats Street

35 Halse Street

23 Keats Street

71 Maud Street

44 Dema Street

38 Lavinia Street

11 Milbong Street

8/24 Altandi Street

47 Wana Street

380 Mccullough Street

67 Maud Street

71 Ardargie Street

49 Altandi Street

42 Newber Street

67 Agnes Street

1 Narooma Street

5 Pember Street

48 Newber Street

59 Maud Street

11 Lavina Street

51 Maud Street

5 Milbong Street

31 Pinecone Street

93 Valhalla Street

55 Mitchell Street

50 Lister Street

11 Minden Street

56 Odin Street

56 Arcoona Street

50 Newber Street

18 Station Road

14 Jedda Place

56 Keats Street

56 Fairbank Street

6 Dema Street

57 Lister Street

6A Ningari Street

58 Gager Street

73 Valhalla Street

7 Dianella Street

75 Turton Street

73 Turton Street

8 Nroinda Street

8 Batford Street

92 Valhalla Street

8 Lawford Street

4 Erna Court 6 Kardinia Street 6 Sunnybrae Street 727 Beenleigh Road

2012

39 Altandi Street 17 Turmba Street

2013

2014 10 Halse Street 10 Pember Street

10 Everest Street

100 Dunedin Street

11 Sherbert Street

11 Samara Street

11 Tranberg Street

12 Maud Street

12 Kythira Street

121 Turton Street

12 Samaha Street

14 Marelda Street

10 Shelley Street

189 Station Road

14 Tranberg Street

11 Dunedin Street

2 Coultis Street

15 Headland Street

118 Young Street

2 Sherrington Street

16 Littler Street

12 Kardinia Street

24/141 Station Road

16 Wen Place

140 Young Street

27 Delafield Street

17 Milbong Street

141 Lister Street

27 Vanessa Street

174 Station Road

15 Fairbank Street

273 Turton Street

19 Kylie Street

16 Aminta Street

297 Lister Street

19 Norinda Street

19 Devenish Street

3/24 Altandi Street

190 Dunedin Street

194 Mains Road

22 Mains Road

2 Aminta Street

197 Lister Street

34 Hedina Street

21 Albyn Road

2 Acorus Place

35 Kimmax Street

21 Pinecone Street

2 Julie Ann Street

84 Maud Street

2015

86 Station Road 90 Mains Road 17 Torumba Place 20 Arcoona Street 23 Sunnybrae Street 3 Naldi Street.

41 Lister Street 46 Devenish Street 83 Dixon Street

Why choose

the Owen Chen Team INDEPENDENTLY RECOGNISED AS THE TOP AGENT IN QLD

Winner of A-List Suburban Agent for 2015 across all agencies What are A-Listers?

Independently qualified by Corelogic RP Data.

VIP

50% MARKET SHARE in Sunnybank in the last 3 years.

That means 1 in every 2 houses is sold by Owen. My vendors will have the advantage of having access to my extensive client relationships.

• The top 155 agents out of the 40,000+ agents across the 1925 suburbs in Queensland

SURROUNDED BY INDUSTRY EXPERTS

• Sold more than $1.4 Billion in property across Queensland • 5.3x better than every other agent across the state • 9x better sales performance • 7x better listing performance • Vendor feedback as confident and helpful • Have direct data knowledge of their market as opposed to just opinion

EXTENSIVE CLIENT RELATIONSHIPS

Home Staging Top notch property presentation

Lawyers Allows for a smooth legal process

Top Salesperson Winner based on Income Earnt QLD/NT

Top Auction Lister 2nd Place QLD/NT

Diamond Multi-Million Dollar

Owen speaks fluent Mandarin, the first language to

90%

of the buyers in Sunnybank.

Allows for better communication to achieve a higher selling price for all his vendors.

working for you

Owen Chen Team List and sell ratio

95% $$

A team of 3, led by Owen Chen, working 24/7 for the best interest for you and your most valuable asset.

Large company With over 200 sales agents backed with a team of admin support staff and an award winning marketing team.

HIGHER PRICE ACHIEVED

World Champion Salesperson 2nd Place ( Gross Commission)

您好 LANGUAGE SKILLS

LARGE TEAM

2014 - 2015 Awards (previous network)

Top 0.25% across the network internationally

28 days

Reduce the risk of contract crashes

HIGH SUCCESS RATE

International Gold Medalist

Average days on the market only

Home Loan Brokers

• Deliver excellent customer service

HIGH PERFORMING AGENT

SELLS FASTER

SOCIAL MEDIA

13.7%

higher selling price (average)

$739,000

$650,000

Owen Chen’s average sale

Other agents’ average sale

Effective use of social media across mutiple platforms

Facebook Wechat

Sunnybank HIGHEST SALE PRICE

$3.25m

$270,000

NUMBER OF PROPERTIES FOR SALE

AVERAGE TIME ON THE MARKET

LOWEST SALE PRICE

74 days

77 properties

Top 20 Sales for the quarter

◊

Street Address

Bed

Bath

Car

Land Size

Sale Date

Sale Price

1

21, 25 & 29 Newber Street

8

3

6

1012m2

Oct-15

$3,250,000

2

168 Young Street

5

3

2

600m2

Oct-15

$1,200,000

3

45 Dixon Street

2

1

1

855m2

Nov-15

$1,190,000

4

237 Mccullough Street

7

2

2

718m2

Oct-15

$1,150,000

5

141 Lister Street ◊

3

1

2

1012m2

Nov-15

$1,000,000

6

15 Fairbank Street ◊

4

2

2

848m2

Oct-15

$995,000

7

23 Sunnybrae Street ◊

5

2

2

1158m2

Dec-15

$975,000

8

17 Torumba Place ◊

4

3

2

1277m2

Nov-15

$970,000

9

1 Maud Street

3

1

2

1004m2

Oct-15

$900,000

10

11 Devenish Street

4

3

2

691m2

Nov-15

$895,000

11

83 Dixon Street ◊

7

4

2

799m2

Dec-15

$870,000

12

19 Devenish Street ◊

3

1

2

787m2

Oct-15

$851,000

13

67 Agnes Street

3

1

2

1012m2

Oct-15

$850,000

14

29 Mulgowie Street ◊

3

2

2

834m2

Oct-15

$846,000

15

7 Dianella Street ◊

4

2

2

692m2

Nov-15

$802,800

16

8 Batford Street ◊

3

2

2

556m2

Oct-15

$756,000

17

12 Thor Street

3

1

1

584m2

Nov-15

$750,000

18

20 Arcoona Street ◊

4

1

1

630m2

Dec-15

$740,000

19

38 Lavinia Street ◊

3

2

2

607m2

Nov-15

$730,000

20

2 Julieann Street

3

1

1

579m2

Nov-15

$700,000

Proudly SOLD by Owen Chen & Team

84 MAUD STREET

50 LISTER STREET

Top 10 Sales for 2015 Street Address

Bed

Bath

Car

Land Size

Sale Date

Sale Price

1

21, 25 & 29 Newber Street

8

3

6

1012m2

Oct-15

$3,250,000

2

2/4 Altandi Street

4

5

2

1403m2

25-Sep-15

$1,990,000

3

1 Woodhaven Court

4

2

4

830m2

12-Sep-15

$1,850,500

4

16 Fairbank Street

6

6

3

1012m2

25-Sep-15

$1,600,000

5

29 Boorman Street

5

3

2

1012m2

14-Sep-15

$1,436,000

6

84 Maud Street ◊

1

1

2

2888m2

24-Jul-15

$1,350,000

7

118 Young Street ◊

3

3

2

1296m2

5-Jun-15

$1,258,000

8

50 Lister Street ◊

7

4

3

1098m2

9-May-15

$1,235,000

9

168 Young Street

5

3

2

600m2

22-Oct-15

$1,200,000

10

45 Dixon Street

2

1

1

855m2

30-Nov-15

$1,190,000

3 4 9

7 10

1 5 8 2

6

*About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external 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 the publication by the author. The transactions reported are for settled transactions reported during October, November & December 2015 and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Owen Chen & Place Sunnybank by datachurp.

Familiar face, new place.

Owen Chen 0413 081 780 owenchen@eplace.com.au

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