EOFY Snapshot - RWSC

2023

M A R K E T R E P O R T S H O A L H A V E N

WELCOME

Welcome to the Ray White South Coast financial year report. We have compiled information that we hope you will find valuable as a property owner.The last financial year has seen a very turbulent property market, with both the very highs of the real estate cycle and significant retraction soon thereafter. With offices spread throughout the Shoalhaven there has been several standouts over the past 12 months.

The coastal markets have seen the greatest gains since 2020 with Callala Beach, rising by 80% in just 3 short years. Other coastal markets such as Huskisson, Vincentia, Currarong and Callala Bay have also seen significant growth, but on the flip side, up to 30% in the same period. Central markets that run between Bomaderry, North Nowra, Nowra and Worrigee saw excellent gains but not to the extent that the coastal markets did. Markets surrounding Nowra gained as much as 20% particularly in areas such as Bangalee, Tapitallee, Cambewarra and South Nowra. Looking historically the property prices peaked in September 2022 with the market showing the greatest gains also showing the greatest falls.

The coastal markets benefit from regional migration as well as the Covid induced holiday home boom which has now started to correct itself for a number of factors. Since 2022 we have seen prices retract up to 30% in areas such as Callala Beach with non Waterfront

properties showing the greatest falls. The Nowra region however has not been impacted as significantly given the more moderate rises over the course of the last 3 years.

Markets further to the south such as Sussex Inlet, Berrara and Cudmirrah have also seen price adjustments downwards approximately 14% in the past 12 months Major factors that have influenced price changes over the last 8 months include multiple interest rate rises coupled with lower regional migration and supply issues.

Our view over the next 12 months is that property prices will start to stabilise and early indications suggest that more buyers are now entering into the market albeit at the newly adjusted price expectations. With more property coming to market there will be more competition for sellers over the coming 12 months.

Other factors that will affect the property market over the next 12 months will continue to be high construction costs driving people to existing homes, cost of living pressures with increases in power, fuel and grocery prices.We remained positive however with the Shoalhaven being a highly attractive area for families and retirees. With our natural beauty stunning beaches and now easy access back to major capital cities such as Sydney and Canberra, the Shoalhaven will continue to be very high on a property purchase destination for many

INSIGHTS

Two speed markets running side by side with lifestyle property less in favour as the rush to buy a holiday home declines

Markets are stabilising after huge price rises from 2020 - 2022. The declines now recorded in most suburbs.

Rental market is steady but not recording the demands that Sydney has experienced due to lower incomes and raising rents.

Improvements to infrastructure such as Nowra bridge upgrades and Jervis Bay fly over will make the Shoalhaven a popular destination into the future.

Slow land releases will keep pressure on demand for new subdivisions however with increasing prices, the take up will be steady.

Huge migration numbers into the next year will drive demand and push people into regional areas such as the Shoalhaven

A trend towards duplexes, villas and units will continue as people chose to down size into retirements and move into more affordable housing.

ousing affordability still remains a great sue with a need to speed up the planning rocess at a state government and local ouncil level

With improved highway infrastructure, ccess to the Shoalhaven will keep prestige roperty such as waterfront homes high on he shopping list for Sydney buyers keeping rices buoyant.

More Buyers, Greater Competition

With over 30 dedicated staff, 25+ years in real estate and five offices – your Ray White South Coast team hold more open homes and auctions than any other agency in the Shoalhaven – creating more competition to achieve a premium price for your property.

International Exposure

And as part of Australasia’s largest real estate group, we can also connect you to buyers from all over the world. This international exposure is an added dimension no other agency can rival.

I T Your Local Advantage

T H E R I G H T F

Ray White South Coast are committed to delivering the best possible service, with local staff offering tailored marketing plans for residential, lifestyle, and waterfront properties as well as being area specialists for property management

We know first hand what makes the region and the lifestyle attractive. What’s more, we know what motivates buyers in the local market. Our comprehensive database ensures that your property is presented to more genuine buyers. When you choose an agent at Ray White, you get the support of our full team Our unique structure encourages all agents to work together to achieve the best price for your property.

OUR VALUES

Leadership

It’s not limited to a select few but can be developed and exhibited by anyone willing to embrace their innate abilities, inspire others, and make a positive impact. We inspire, are visible and cultivate excellence in ourselves and others

Curiosity

There is no such thing as a bad curiosity. The only bad thing is no curiosity. We believe in embracing the infinite nature of our potential, constantly pushing boundaries and achieving new heights through curiosity and innovation We recognise that our potential knows no bounds, as the closer we approach it, the further we push, propelling ourselves to new heights of achievement.

Further Together

If you want to go fast, go alone. If you want to go further, go together. We understand that if we want to go beyond limits and reach ambitious milestones, we must work as a cohesive team. By fostering collaboration across our specialist teams, we leverage diverse expertise to drive collective problem-solving, innovation, and shared success. Together, we maximise our potential, break down barriers, and forge a path towards meaningful impact

OUR PEOPLE

Over 200 years combined experience in one team.

Craig Hadfield Director

Julie Gauci Director

Jess Szalai General Manager

David Thorpe Sales

Neil Weatherill Sales

Vinny Cannon Sales

Glenn Brandon Sales

Crystal Brandon Sales

Wal Galbraith Sales

OUR PEOPLE

Leaha Davis Sales

Annie Martin Sales

Angela Henry Sales

Kyle Morton Sales

Tony Garard Sales

Daniel Smith Sales

Mitch Klein Sales

Scott Crisafi Sales

Simon Barnes Sales

OUR PEOPLE

Tracey James PM Team Leader

Samara Maynard PM Team Leader

Jordan Hamilton Customer Care

Daniel Darrington Customer Care

Brodie Chapman Customer Care

Julie Wouters Customer Care

Caleb Hotstone Leasing

Caitlin Steinhour Leasing

Chloe Danby Commercial

SHOALHAVEN

R E N T A L S T A T I S T I C S

The median rent in the Shoalhaven is $480 per week and the median rental yield is 3.78%.

Stock on market for houses and townhouses has changed 1.92% compared to last year.

HAPPY INVESTORS HEALTHY RETURNS

At Ray White South Coast, we’re all about maximising your investment, advising you proactively on the market, choosing the right tenants and looking after your property as if it were our own.

We approach property investing with a high degree of attention to detail and care – a sort of experience you would expect from a boutique property agency – and a methodical approach to the numbers – which you’d expect from a well-resourced property analyst and advisor.

We manage more properties and investors’ portfolios in the South Coast than any other agency. Therefore, we meet more tenants and know precisely what return a property is truly capable of achieving.

CLIENT

96%

Our clients are the most important part of our business.

CLIENT REVIEWS

Julie Gauci Director

I highly recommend Julie and her team for their professionalism and responsiveness

Wal Galbraith Sales

He was informative and listened to what we were saying and heard what we wanted out of sale

Jordan Hamilton Customer Care

He keeps his promises to follow up, makes every effort to resolve issues and maintain solid client relationships

Annie Martin Sales

Annie proved to be very professional in her dealings with us. She kept us informed along the process of our sale.

A pleasure to deal with

Brian - Vendor

Leaha Davis Sales

Bought my first home with the assistance of Leaha. Kind, honest and respectful with the viewing, negotiation and exchange process.

Matt - Purchaser

Caitlin Steinhour Leasing

Caitlin has the best customer service. She was very helpful, she showed us around the house, had a great smile and was very respectful

Chris - Tenant