QMA Oxenford July - Sep19

J ul y-Sept ember201 9 Quar t er l yMar k etRepor t

What’s happening in our local property market Strongest growth

Most traded

Fastest sellers

Pimpama 2.2%

Upper Coomera 458 sales

Oxenford 37 days

Oxenford 5.8%

Upper Coomera 84 sales

Oxenford 61 days

At LJ Hooker Coomera 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 month.

Across our local market, we have seen 2,751 properties listed for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 1,409 taking place over the past 12 months. Looking at the house market, the best performing suburb, over the past 12 months, has been Pimpama which has seen its median sales price grow by 2.2%. The median sales price of a home in Pimpama is now $470,000. Coomera saw its median house sales price grow by 1.8% with the median price now sitting at $545,000 and Upper Coomera grew 1.0% across 458 individual sales with a median of $485,000.

The most traded suburb for houses in our area has been Upper Coomera with 458 homes sold over the past 12 months and it also had the most unit sales with 84 transactions. House prices in Upper Coomera have remained relatively stable with growth of 1.0% and now have a median price of $485,000.

Over the past month, about $330,000 in units and $16.77m in houses has been sold in Upper Coomera with $28.29m and $235.71m respectively sold over the past 12 months.

Oxenford has demonstrated the strongest price growth for units with prices rising 5.8% over the past 12 months. The median sales price for units in Oxenford is now $317,500 and with a median rent of $370 a week, they offer a rental yield of 6.9%.

The highest median housing rents in our area are $480 per week in Oxenford and for units $410 per week in Upper Coomera. Housing rental yields in Upper Coomera are currently 5.2% demonstrating why the area is popular with investors.

The time it takes to sell a house in our region ranges from 37 days in Oxenford to 71 days in Coomera, and the shortest median time to sell a unit is 61 days in Oxenford.

Top performing local suburbs Pimpama

230

$470,000

2.2%

0.2%

Coomera

263

$545,000

1.8%

3.6%

Upper Coomera

458

$485,000

1.0%

1.9%

Oxenford

35

$317,500

5.8%

1.5%

Pimpama

29

$402,900

3.3%

2.2%

Upper Coomera

84

$334,500

-1.6%

0.0%

Houses

Units

Number sold (12 months)

Median Price

Median Growth 12 months

Annual Change over 10 years

LJ Hooker Coomera

This month it’s all about Upper Coomera One of the most popular suburbs in our region is Upper Coomera where 753 houses were listed for sale over the past year. Houses in Upper Coomera have an average land size of 678 square metres.

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The suburb also has a medium apartment market with 138 units listed for sale over the past year.

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The suburb is tightly held with residents typically holding their house for 8.1 years.

●

The median value of houses in Upper Coomera is $492,187.

This is higher than the median sales price which is currently $485,000.

Suburb snapshot

Houses

Units

458

84

$485,000

$334,500

Annual Change in Median Price

1.0%

-1.6%

Median Asking Rent

$460

$410

Indicative Gross Rental Yield

5.2%

6.5%

Total Listings

753

138

43

65

$235.71m

$28.29m

Number Sold Median Sale Price Over 12-month period (1 May 2018 to 30 Apr 2019)

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Over the past 12 months, buyer interest has eased with 458 houses sold this year compared to 574 sales last year.

●

Houses are typically selling within 43 days.

●

Sales prices have stabilised by 1.0% over the past 12 months and vendors are typically discounting by -5.5% to secure a sale.

Average Days on Market

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All of this means it is now a good time to buy in Upper Coomera.

Total Value of Sales

Our local area expertise – long term growth 10 year growth suburbs in our area

Research shows that most people own a property for an average of seven years before they decide to sell.

The best performing suburb in our area for long term growth is Coomera where houses have observed a compound growth of 3.4% 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 1.8% over the past 12 months.

The median price of houses in Coomera is currently $545,000. The suburb has also performed very strongly over the past three years with a growth of 18.7%.

Suburb Over 12-month period (1 May 2018 to 30 Apr 2019)

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.

10yr Compound Growth

Coomera

3.4%

Upper Coomera

1.8%

Oxenford

1.3%

Pimpama

1.7%

Oxenford

1.3%

Upper Coomera

-0.4%

Houses

Units

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

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

LJ Hooker Coomera

Sold Properties 15 Michigan Drive Oxenford QLD 4210 Sale Price: $260,000 Sale Date: 14 Jul 2019 Area: 323m2 Approx Attributes: 2 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

8/11 Vine Court Oxenford QLD 4210 Sale Price: $290,000 Sale Date: 21 Aug 2019 Area: 355m2 Approx Attributes: 3 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

10/8 Hercule Court Oxenford QLD 4210 Sale Price: $295,000 Sale Date: 20 Sep 2019 Area: 444m2 Approx Attributes: 2 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

12/45 Village Way Oxenford QLD 4210 Sale Price: $300,000 Sale Date: 2 Jul 2019 Area: 287m2 Approx Attributes: 2 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

7/15 Adventure Avenue Oxenford QLD 4210 Sale Price: $300,000 Sale Date: 13 Sep 2019 Area: 252m2 Approx Attributes: 2 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

2/30 Broadway Drive Oxenford QLD 4210 Sale Price: $330,000 Sale Date: 17 Sep 2019 Area: 245m2 Approx Attributes: 2 Beds, 1 Baths, 1 Car Spaces

1/8 Columbia Court Oxenford QLD 4210 Sale Price: $330,000 Sale Date: 17 Jul 2019 Area: 364m2 Approx Attributes: 3 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

2/18 Illusion Court Oxenford QLD 4210 Sale Price: $340,000 Sale Date: 16 Sep 2019 Area: 378m2 Approx Attributes: 4 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

2/3 Cinema Street Oxenford QLD 4210 Sale Price: $348,000 Sale Date: 5 Sep 2019 Area: 285m2 Approx Attributes: 3 Beds, 1 Baths, 1 Car Spaces

1050/6 Crestridge Crescent Oxenford QLD 4210 Sale Price: $350,000 Sale Date: 7 Jul 2019 Area: 166m2 Approx Eq. Building Area: 120.774m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

2/16 Goldwyn Way Oxenford QLD 4210 Sale Price: $355,000 Sale Date: 27 Jul 2019 Area: 456m2 Approx Attributes: 3 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

1/11 Epic Court Oxenford QLD 4210 Sale Price: $375,000 Sale Date: 7 Aug 2019 Area: 364m2 Approx Attributes: 3 Beds, 1 Baths, 1 Car Spaces, 2 Lock Up Garages

1/2 Theatre Street Oxenford QLD 4210 Sale Price: $375,000 Sale Date: 20 Sep 2019 Area: 360m2 Approx Attributes: 3 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites

16 Crestridge Crescent Oxenford QLD 4210 Sale Price: $455,000 Sale Date: 17 Jul 2019 Area: 606m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

4 Pinedale Street Oxenford QLD 4210 Sale Price: $482,000 Sale Date: 2 Sep 2019 Area: 863m2 Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 2 Lock Up Garages

15 Meadowvale Street Oxenford QLD 4210 Sale Price: $499,999 Sale Date: 23 Jul 2019 Area: 630m2 Eq. Building Area: 238.0m2 Attributes: 4 Beds, 3 Baths, 4 Car Spaces, 2 Ensuites

34 Cobb & Co Drive Oxenford QLD 4210 Sale Price: $500,000 Sale Date: 15 Jul 2019 Area: 616m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

32 Palmerston Drive Oxenford QLD 4210 Sale Price: $500,000 Sale Date: 23 Aug 2019 Area: 700m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

6 Buchanan Circuit Oxenford QLD 4210 Sale Price: $503,500 Sale Date: 9 Aug 2019 Area: 600m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

1 Jane Lane Oxenford QLD 4210 Sale Price: $518,000 Sale Date: 12 Sep 2019 Area: 833m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 4 Lock Up Garages, 1 Ensuites

20 Graywillow Boulevard Oxenford QLD 4210 Sale Price: $540,000 Sale Date: 18 Jul 2019 Area: 650m2 Eq. Building Area: 241.5479m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

31 California Drive Oxenford QLD 4210 Sale Price: $572,000 Sale Date: 26 Aug 2019 Area: 1,017m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

3 Broxbourne Place Oxenford QLD 4210 Sale Price: $580,000 Sale Date: 12 Aug 2019 Area: 705m2 Eq. Building Area: 76.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

12 Missouri Way Oxenford QLD 4210 Sale Price: $587,000 Sale Date: 26 Jul 2019 Area: 1,392m2 Eq. Building Area: 3.88m2 Attributes: 5 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

37 Shannon Brook Grove Oxenford QLD 4210 Sale Price: $600,000 Sale Date: 11 Jul 2019 Area: 690m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

3 Oceanis Drive Oxenford QLD 4210 Sale Price: $640,000 Sale Date: 13 Sep 2019 Area: 780m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

7 Indiana Court Oxenford QLD 4210 Sale Price: $658,370 Sale Date: 29 Jul 2019 Area: 1,263m2 Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 1 Ensuites

26 Princeton Street Oxenford QLD 4210 Sale Price: $659,000 Sale Date: 15 Aug 2019 Area: 685m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

11 Flinders Park Court Oxenford QLD 4210 Sale Price: $670,000 Sale Date: 1 Jul 2019 Area: 2,118m2 Attributes: 5 Beds, 2 Baths, 3 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

7 California Drive Oxenford QLD 4210 Sale Price: $700,000 Sale Date: 17 Aug 2019 Area: 2,060m2 Attributes: 3 Beds, 2 Baths, 3 Car Spaces, 2 Lock Up Garages, 1 Ensuites

12 Riversdale Road Oxenford QLD 4210 Sale Price: $700,000 Sale Date: 23 Jul 2019 Area: 4,367m2 Attributes: 4 Beds, 1 Baths, 6 Car Spaces, 1 Lock Up Garages

15 Rushcutter Avenue Oxenford QLD 4210 Sale Price: $765,000 Sale Date: 28 Aug 2019 Area: 602m2 Attributes: 5 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

46 California Drive Oxenford QLD 4210 Sale Price: $775,000 Sale Date: 1 Jul 2019 Area: 1,320m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

24 Temple Island Circuit Oxenford QLD 4210 Sale Price: $795,000 Sale Date: 17 Sep 2019 Area: 704m2 Eq. Building Area: 287.9994m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

7 Mendooran Court Oxenford QLD 4210 Sale Price: $820,000 Sale Date: 14 Jul 2019 Area: 5,035m2 Attributes: 4 Beds, 2 Baths, 6 Car Spaces, 6 Lock Up Garages

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Disclaimer 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) 2019. 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.

Š Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

ÂŽ

Agency of the Year

Suburb: Upper Coomera QLD LJ Hooker Coomera

Mark Armstrong CEO & Co-Founder, RateMyAgent

ratemyagent.com.au is Australia’s leading real estate agent review website; helping sellers make informed, confident decisions about choosing the right real estate agent to sell their property. Held on a national scale, The Agent of the Year Awards identify the leading real estate professionals in the country using customer reviews and transaction results as leading measures of success.

Property Sales Award Winner 2019

2018

S ER M

MO ST

IED CUS TISF TO SA

R

TS

EA N LE STATE AGE

”

Real estate is not about houses, it’s about people.”

- Sir Leslie Hooker

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.

Know what your property is worth in today’s market.

Ask the team at LJ Hooker Coomera. the team (07) 5585 7888 coomera@ljh.com.au LJ Hooker Coomera coomera.ljhooker.com.au

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