Market Update September 2022 by LJ Hooker Solutions Gold Coast

September2022September2022 MarketUpdateMarketUpdate

Across our local market, we have seen 2,692 properties listed for sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 2,809 taking place over the past 12 months. Looking at the house market, the best performing suburb, over the past 12 months, has been Oxenford which has seen its median sales price grow by 36.0%. The median sales price of a home in Oxenford is now $755,000. Upper Coomera saw its median house sales price grow by 33.3% with the median price now sitting at $720,000 and Pimpama grew 24.8% across 731 individual sales with a median of $622,500.

The property market has continued to perform strongly despite the Covid pandemic and lockdowns across capital cities. According to CoreLogic, the Australian national home value index rose 6.1% for the June quarter. This is down from a recent peak of 7.0% in the three months to May, but still excellent growth. The combined capital city home values finished the quarter 6.2% higher and combined regional housing values rose 6.0%.

The highest median housing rents in our area are $650 per week in Oxenford and for units $495 per week in Pimpama. Housing rental yields in Oxenford are currently 4.4% demonstrating why the area is popular with investors.

The time it takes to sell a house in our region ranges from 9 days in Oxenford to 13 days in Pimpama, and the shortest median time to sell a unit is 9 days in Oxenford.

Coomera has demonstrated the strongest price growth for units with prices rising 38.8% over the past 12 months. The median sales price for units in Coomera is now $458,000 and with a median rent of $468 a week, they offer a rental yield of 5.2%.

Across the 2021 financial year, Australian dwelling values rose 13.5% - the highest annual growth rate since April 2004. Across our area, there were 2,692 listings advertised in the past 12 months compared to the rolling 12 month listings of 2,729 reported last quarter. Let's take a look at the rest of the data for our local market.

Strongest growth Most traded Fastest sellers What’s happening in our local property market Top performing local suburbs Houses Units Number sold (12 months) Median Price Median Growth 12 months Annual Change over 10 years OxenfordUpperCoomeraPimpamaUpperOxenfordCoomeraCoomera 30167573115111374 $720,000$755,000$622,500$458,000$479,000$434,000 36.0%33.3%24.8%38.8%33.2%27.6% 4.7%3.6%4.2%5.5%7.1%6.3% LJ Hooker Coomera

38.8%Coomera36.0%Oxenford 151Coomera731Pimpamasalessales 9Oxenford9Oxenforddaysdays

Over the past month, about $3,530,000 in units and $32.36m in houses has been sold in Pimpama with $54.97m and $480.37m respectively sold over the past 12 months.

The most traded suburb for houses in our area has been Pimpama with 731 homes sold over the past 12 months while Coomera had the most unit sales with 151 transactions. House prices in Pimpama have performed strongly with growth of 24.8% and now have a median price of $622,500.

● All of this means it is now a great time to sell in Upper Coomera. 2022)Apr30to2021May(1 Upper CoomeraUpperOxenfordOxenfordCoomeraCoomeraCoomera 2.7%2.9%4.2%5.8%6.2%6.7%

● Houses are typically selling within 13 days.

Themonths.median price of houses in Upper Coomera is currently $720,000. The suburb has also performed very strongly over the past three years with a growth of 48.5%.

● Over the past 12 months, buyer interest has lifted with 675 houses sold this year compared to 634 sales last year.

The best performing suburb in our area for long term growth is Upper Coomera where houses have observed a compound growth of 6.7% over the past 10 years. This figure is annualised, so it identifies that properties in the suburb have grown by this average amount each year. This figure also compares to the median price change of 33.3% over the past 12

● One of the most popular suburbs in our region is Upper Coomera where 743 houses were listed for sale over the past year. Houses in Upper Coomera have an average land size of 708 square metres.

● Sales prices have grown by 33.3% over the past 12 months and vendors are typically discounting by -4.3% to secure a sale.

$538.06m$55.3m$720,000$479,00067511333.3%33.2%$620$4954.4%5.4%743981310

● The suburb also has a large apartment market with 98 units listed for sale over the past year.

Research shows that most people own a property for an average of seven years before they decide to sell. This means that while understanding growth over the past year is a good indicator of current performance and if a suburb is 'hot', the longer term performance of a suburb is often a more reliable indicator of the value of a property as an investment.

● The suburb is tightly held with residents typically holding their house for 9.5 years.

period12-monthOver 2022)Apr30to2021May(1 period12-monthOver

This month it’s all about Upper Coomera

All in all, the data signals that Upper Coomera could be worth considering for your next property purchase.

Of course, past growth is not a guarantee of future performance but it does give you an insight into the fundamentals.

LJ Hooker Coomera

Our local area expertise – long term growth 10 year growth suburbs in our area Suburb 10yrGrowthCompound Houses Units Suburb snapshot Houses Units Number Sold Median Sale Price Annual Change in Median Price Median Asking Rent Indicative Gross Rental Yield Total AverageListingsDays on Market Total Value of Sales

● The median value of houses in Upper Coomera is $866,643. This is higher than the median sales price which is currently $720,000.

2/4 Arondel Circuit Upper Coomera QLD 4209 Sale Price: $595,000 Sale Date: 1 Aug 2022 Zoning: NOT ZONED Area: 166m2 Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 EnsuitesEq. Building Area: 167.2255m2 LOT 2/2 Bennett Way Upper Coomera QLD 4209 Sale Price: $550,000 Sale Date: 23 May 2022 Zoning: RESIDENTIAL A (ALBERT) Area:Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 EnsuitesEq. Building Area: 149.0m2 8 Burran Avenue Upper Coomera QLD 4209 Sale Price: $640,000 Sale Date: 22 Jul 2022 Zoning: SPECIAL RESIDENTIAL (ALBERT) Area: 450m2 Land use: Single Unit Dwelling Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 1/2 Catalina Way Upper Coomera QLD 4209 Sale Price: $620,000 Sale Date: 14 Jul 2022 Zoning: SPECIAL RESIDENTIAL (ALBERT) Area:Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 EnsuitesEq. Building Area: 185.0m2 Property List © Copyright 2022 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

2/2 Catalina Way Upper Coomera QLD 4209 Sale Price: $549,000 Sale Date: 15 Aug 2022 Zoning: SPECIAL RESIDENTIAL (ALBERT) Area:Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 1 Lock Up Garages, 1 Ensuites 65/1 Grange Boulevard Upper Coomera QLD 4209 Sale Price: $500,000 Sale Date: 19 Jun 2022 Zoning: RESIDENTIAL A (ALBERT) Area:Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 EnsuitesEq. Building Area: 176.5158m2 40/24 Jessica Drive Upper Coomera QLD 4209 Sale Price: $475,000 Sale Date: 15 Aug 2022 Zoning: RESIDENTIAL A (ALBERT) Area:Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 EnsuitesEq. Building Area: 110.0m2 15/1 Koala Town Road Upper Coomera QLD 4209 Sale Price: $425,000 Sale Date: 14 Jun 2022 Zoning: SPECIAL RESIDENTIAL (ALBERT) Area: 257m2 Land use: Building Units (Primary Use Only) Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 1 Lock Up Garages, 1 EnsuitesEq. Building Area: 230.0m2 © Copyright 2022 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

Based on or contains data provided by the State of Queensland (Department of Natural Resources Mines and Energy) 2022. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws: more information at http://www.propertydatacodeofconduct.com.au/ttsvr/n/qvas-195. Pacific

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 financial advice. For our complete terms and conditions of use, go to www.corelogic.com.au Know what your property is worth in today’s market. Ask the team at LJ Hooker Coomera. the team (07) 5585 coomera@ljh.com.au7888 LJ Hooker Coomera coomera.ljhooker.com.au MOSTSATISFIEDCUSTOMERS STNAGEATETSALEER 2018 2018 For 90 years people have been at the core of our business. We’re extremely proud to be the winner of the prestigious Canstar award for the Most Satisfied Real Estate Customers. You’ll always be at the centre of everything we do. Real estate is not about houses, it’s about people. - Sir Leslie Hooker ” ”