AcreageMarketReport January 2018

acreagemarket This report covers the acreage areas of Mount Nathan, Maudsland, Guanaba, Advancetown, Clagiraba, Gaven and Nerang

ary Janu er t Quar 2018

Brought to you by Julie Morgan-Kemp 0409 691 416

jmk.nerang@ljh.com.au

nerang.ljhooker.com.au

What’s happening in our local property market At LJ Hooker Nerang our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of the capital cities. Let us help you stay on top of changes in your local property market every quarter.

House prices in Clagiraba have grown by 17.18% in the past 3 years and 1.26% last year, with a median price of median price for houses is $729,353. There were 8 houses sold last year in Clagiraba.

Gaven had a strong month, with 25 houses selling along with 2 vacant blocks of land. While the median growth fell into the negatives, this still equated to a huge $19,531,500 in sales.

With only 10 listings coming to market over the last 12 months, Guanaba had a strong result with prices growing by 15.81% in the past 3 years and 1.88% last year. The highest listing price was $3,300,000, while the highest sale achieved was $1,550,000.

Mount Nathan has continued to grow, with new land releases helping bring the suburbs popularity to the forefront. The median land price jumped a whopping 26.12%, while the highest sales price for a house was $1,289,800.

Only 4 homes were listed for sale in Advancetown, with one selling plus another under contract at time of publication.

With 9 years average length of ownership in Maudsland it is proving to be a popular place to live. With a massive 33 houses and 23 vacant blocks sold (over 2,000m2), it looks like the Maudsland is set to continue to grow.

Nerang Acreage is still proving popular with 33 sales of properties with a land size over 2000m2 over the last 12 months, totaling $27,606,600.

Local suburb performance Mount Nathan

23

$725,000

0.69%

Clagiraba

11

$688,000

1.26%

Gaven

27

$613,500

-5.62%

Guanaba

11

$730,000

1.88%

Maudsland

64

$875,000

1.88%

Nerang

33

$810,000

3.08%

Number of sold (12 months)

Median Price

Median Growth 12 months

This month it’s all about Mount Nathan Keep an eye out for next quarter’s spotlight suburb - Maudsland Mount Nathan is a popular suburb, and is tightly held with less then 40 properties offered to the market over the past 12 months The release of new estates has meant that the land sales have shot up.

Houses typically sell within 63 days, and land within 43 days The average house in Mount Nathan is rented for $648 per week and returns a rental return of 4.70%.

Compared to the same period five years ago, the median house sales price for houses increased 24.0% which equates to a compound annual growth rate of 4.4%.

Suburb Snapshot

Houses

Vacant land

23

9

$725,000

$385,525

0.69%

0.69%

Total Listings

24

11

Median Days On Market

63

43

$17,735,800

$5,413,472

Number Sold Median Sale Price Annual Change in Median Price

Total Value Of Sales

over 12-month period

Better Lifestyle Specialists When it comes to selling rural, acreage and lifestyle properties, you want a team who have a wealth of experience in working with properties that are as unique as you are.

Julie has been selling rural and acreage properties in the Nerang, Mount Nathan, Clagiraba, Advancetown, Gilston, Maudsland, Guanaba areas over 18 years.

Julie has recently joined LJ Hooker’s Rural, Acreage and Lifestyle Property Team.

“I feel privileged to have helped so many people over the years as the family home is one of the most important assets in life and to be trusted to achieve a good result is something I never take for granted.”

Whether buying or selling, you’ll know you’re in good hands with an experienced passionate and dedicated professional.

Julie Morgan-Kemp 0409 691 416 jmk.nerang@ljh.com.au

Sold.

by the Rural, Acreage and Lifestyle Property Team Sold

Sold

28b Lesley Anne Court, Maudsland

Sold

17-19 Eden Park Court, Mount Nathan

Sold

Sold

Sold

30 Pademelon Pass, Nerang

WIN*

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601 Illinbah Road, Illinbah

211 Lamington National Park Road, Canungra

25-41 Killigrew Road, Tamborine

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19-21 Gwingana Court, 56 Billabirra Visit win.ljhooker.com.au to findCrescent, out more. 1235 Tamborine - Oxenford Beechmont Nerang Road, Wongawallan

31 Winderadeen Drive, every day this Nerang

Sold 1 Byfield Court, Nerang

*Terms and conditions apply visit win.ljhooker.com.au. ^Commission to the value of $15,000. Authorised under permit numbers NSW LTPS/17/17070, ACT TP 17/01556, SA T17/1472. © LJ Hooker Corporation Limited. BLSO0359.

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2-40the Bambling 2179 Beechmont Road, Ask team atRoad, LJ Hooker Nerang.

Boyland

Beechmont

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708 Gilston Road, Gilston

97 Limerick Drive, Canungra

LJ Hooker Nerang is the #1 rated agency in the 4211 postcode as independently acknowledged by realestate.com.au, ratemyagent and RP Data (Corelogic)

(07) 5581 4422 nerang@ljh.com.au LJ Hooker’s Rural, nerang.ljhooker.com.au Acreage and Lifestyle Property Team Alex Hayes

Nerang 0414 303 783

Mark Parry

Christine Parry

Drop by and visit us at our new office: 2-4 New Street, Nerang.

Rob Maller Annie Muir Julie Morgan-Kemp

0428 122 809

0431 871 899

0418 754 175

0417 100 237

0409 691 416

Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.

CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general information only and is not intended as inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au