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.
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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.
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Houses are typically selling within 43 days.
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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 13 Claredon Lane Pimpama QLD 4209 Sale Price: $268,000 Sale Date: 22 Jul 2019 Area: 115m2 Attributes: 2 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites
3/6 Anlaby Drive Pimpama QLD 4209 Sale Price: $305,000 Sale Date: 12 Jul 2019 Area: 130m2 Attributes: 3 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites
1/28 Armani Avenue Pimpama QLD 4209 Sale Price: $360,000 Sale Date: 29 Jul 2019 Area: 146m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
22 McLachlan Circuit Willow Vale QLD 4209 Sale Price: $390,000 Sale Date: 22 Jul 2019 Area: 465m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces
33 Waterhouse Drive Willow Vale QLD 4209 Sale Price: $393,000 Sale Date: 8 Jul 2019 Area: 424m2 Attributes: 4 Beds, 2 Baths, 1 Car Spaces
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
74 Hanover Drive Pimpama QLD 4209 Sale Price: $400,000 Sale Date: 12 Sep 2019 Area: 349m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 2 Ensuites
29 Edgeware Road Pimpama QLD 4209 Sale Price: $405,000 Sale Date: 4 Jul 2019 Area: 479m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
12 Undarra Street Pimpama QLD 4209 Sale Price: $415,000 Sale Date: 28 Aug 2019 Area: 487m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
2 Harvard Street Pimpama QLD 4209 Sale Price: $420,000 Sale Date: 28 Aug 2019 Area: 401m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces
22 Vista Crescent Pimpama QLD 4209 Sale Price: $425,000 Sale Date: 8 Aug 2019 Area: 420m2 Eq. Building Area: 185.8061m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
2 Yoorigan Lane Pimpama QLD 4209 Sale Price: $425,000 Sale Date: 2 Jul 2019 Area: 551m2 Eq. Building Area: 210.0m2 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.
20 Deepak Drive Pimpama QLD 4209 Sale Price: $435,000 Sale Date: 12 Aug 2019 Area: 702m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
8 Mulberry Terrace Pimpama QLD 4209 Sale Price: $445,000 Sale Date: 7 Aug 2019 Area: 738m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
20 Lindeman Circuit Pimpama QLD 4209 Sale Price: $450,000 Sale Date: 9 Sep 2019 Area: 324m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
15 Freedman Drive Willow Vale QLD 4209 Sale Price: $480,000 Sale Date: 31 Jul 2019 Area: 477m2 Eq. Building Area: 213.677m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
5 Butterleaf Crescent Pimpama QLD 4209 Sale Price: $480,000 Sale Date: 7 Aug 2019 Area: 375m2 Eq. Building Area: 207.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
6 Trents Court Pimpama QLD 4209 Sale Price: $500,000 Sale Date: 21 Aug 2019 Area: 709m2 Eq. Building Area: 266.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
11 Butterleaf Crescent Pimpama QLD 4209 Sale Price: $509,900 Sale Date: 18 Jul 2019 Area: 420m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
34 Whitsunday Circuit Pimpama QLD 4209 Sale Price: $534,900 Sale Date: 29 Jul 2019 Area: 420m2 Eq. Building Area: 219.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
15 Butterleaf Crescent Pimpama QLD 4209 Sale Price: $569,900 Sale Date: 6 Aug 2019 Area: 375m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
14 John Crescent Pimpama QLD 4209 Sale Price: $575,000 Sale Date: 5 Aug 2019 Area: 600m2 Eq. Building Area: 268.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
2 Epping Avenue Pimpama QLD 4209 Sale Price: $599,000 Sale Date: 16 Jul 2019 Area: 426m2 Eq. Building Area: 241.5479m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
92 Lindeman Circuit Pimpama QLD 4209 Sale Price: $616,000 Sale Date: 29 Aug 2019 Area: 545m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
11 Dewrang Drive Pimpama QLD 4209 Sale Price: $640,000 Sale Date: 28 Aug 2019 Area: 5,159m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites
86 Melville Drive Pimpama QLD 4209 Sale Price: $680,000 Sale Date: 24 Sep 2019 Area: 540m2 Eq. Building Area: 278.0m2 Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 1 Ensuites
11 Peak Crescent Pimpama QLD 4209 Sale Price: $769,463 Sale Date: 22 Jul 2019 Area: 398m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages
Š 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
A real point of difference Since 2002, LJ Hooker have enjoyed a partnership with the Qantas Frequent Flyer program. Our partnership with Qantas Frequent Flyer means that we can really take you further than you think. Earn points* if you exclusively list and sell with LJ Hooker or appoint LJ Hooker as your property manager. extend far beyond your front door. how we can help, come inside.
*You must be a Qantas Frequent Flyer member to earn Qantas Points. A joining fee may apply. Membership and the earning and redemption of Qantas Points are subject to the Qantas Frequent Flyer Terms and Conditions which can be found at qantas.com/terms. Other terms and conditions apply. See ljhooker.com.au/qantas for details. Š LJ Hooker Corporation Limited 2018 - BLSC0392.
* Please visit ljhooker.com.au/qantasconditions for terms and conditions.
2018
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”
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