Cabarita suburb report 2018

NICHOLLS & CO

SUBURB REPORT //2018 JANUARY - JUNE

REPORT BY CAMERON NICHOLLS

A WORD FROM THE PRINCIPAL I sincerely thank you for downloading a copy of the Cabarita suburb report. The purpose of this document is to provide you with an understanding of the area you live in and that we are passionate about.

Before you read on, I would like to introduce you to my brand, Nicholls & Co Estate Agents is an independent boutique brand. I started the company with the mantra “Personalised not franchised” as I truly believe that as a self-governing brand, I am able to offer a more highly personalised service, where you deal one-on-one with the Principal of the agency. My sale campaigns are unique to each property and tailored to each and every need of my vendors. We are not bound by the somewhat strict branding guidelines that confine large franchises. Nicholls and Co is a fresh young brand and I pride myself on our cutting edge, innovative marketing initiatives.

CAMERON NICHOLLS PRINCIPAL

JUNE 2018

NICHOLLS & CO

CABARITA

Renters 18%

Cabarita is a suburb in the Inner West of Sydney, in the state of New South Wales, Australia. Cabarita is located 16 kilometres west of the Sydney central business district, in the local government area of the City of Canada Bay. Cabarita is an Aboriginal word meaning by the water.

Until 1948, an electric tramway ran down Cabarita Road to connect the suburb with Burwood, Enfield and Ashfield via Cabarita Junction near the corner of Mortlake Street.

Owner Occupiers 82% In the past, the suburb consisted of swampland and heavy industry.

Housing developments replaced the industry and the swamps were reclaimed to create golf courses.

Source: wikipedia

466 total number of houses in this suburb with a median price of $3,005,000

473 total number of units in this suburb with a median price of $1,450,000

12 YEARS average length of ownership

8.8 KM distance from GPO as the crow flies

NICHOLLS & CO

JUNE 2018

$3,050,000

$2,287,500

$1,525,000

$762,500

$0

Mar 14

Mar 15

Mar 16

Mar 17

Mar 18

MEDIAN SALE PRICE Â STATISTICS ARE MEASURED OVER A ROLLING 12 MONTH PERIOD

STATISTICS The size of Cabarita is approximately 0.5 square kilometres.

It has 3 parks covering nearly 23.2% of total area.

The population of Cabarita in 2011 was 1,928 people.

By 2016 the population was 1,970 showing a population growth of 2.2% in the area during that time.

The predominant age group in Cabarita is 60-69 years.

Households in Cabarita are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments.

In general, people in Cabarita work in a professional occupation.

In 2011, 79.3% of the homes in Cabarita were owner-occupied compared with 80.7% in 2016.

Currently the median sales price of houses in the area is $3,005,000.

NICHOLLS & CO

JUNE 2018

$1,900,000

$1,425,000

$950,000

$475,000

$0

71 02

71 02

lir pA

ya M

yr a u rb eF

71 02 en uJ 71 0 2 yl uJ 7 1 02 ts u gu A 71 02 re bm et 71 pe 0 2 S re b o tc 71 O 0 2 re bm ev 71 oN 02 re bm ec 8 1 eD 02 yr a un aJ

81 02

81 02 hc ra M

Recent Median Sale Prices (Unit)

40

30

20

10

0

90 02

In 2018, the market share for the last 6 months have improved since last year.

be F

be F

be F

be F

be F

be F

be F

be F

be F

be F

01 02

11 02

21 02

31 02

41 02

51 02

61 02

71 02

81 02

Sales per annum (House)

NICHOLLS & CO

JUNE 2018

$6.05M

$3.1M

HIGHEST SALE PRICE FOR HOUSES IN 2018

HIGHEST SALE PRICE FOR UNITS IN PAST 12 MONTHS

20%

10%

CHANGE IN MEDIAN HOUSE PRICE IN FEB 2018

CHANGE IN MEDIAN UNIT PRICE IN FEB 2018

NICHOLLS & CO

JUNE 2018

OUR PHILOSOPHY Nicholls & Co is a boutique modern agency focused on the person first and foremost and then the property.

We do not work with clients, we work with people. Through personal attention and connecting with people on a deeper level we are able to understand comprehensively how best to deliver the results desired.

The aim for every person we meet is to create a connection for life and to assist in any way possible from now and well into the future.Â

Passion, determination, etiquette and innovation are the core drivers of our business.

Being a modern agency we have the necessary fluidity to adapt to changes in the evolving world of real estate with particular focus on marketing revolutions.

0421 733 118 | 9713 7433 CAMERON@NICHOLLSANDCO.COM.A

DISCLAIMER: information contained in this report we believe to be true and has been sourced from RP Data, ABS and Wikipedia. This report is to be treated as marketing and not an in depth study