Quarterly Market Report - Upper Coomera West

Oct ober-December201 9 Quar t er l yMar k etRepor t

What’s happening in our local property market Strongest growth

Most traded

Fastest sellers

Pimpama 5.6%

Upper Coomera 454 sales

Oxenford 39 days

Oxenford -2.8%

Coomera 72 sales

Upper Coomera 76 days

Property prices have eased according to the latest Queensland data from CoreLogic but what does that mean for buyers and sellers in our local area?

At LJ Hooker Coomera we've noticed that there are two big drivers occurring in the market currently. The first is that despite price softening, economic indicators have increased buyer demand and confidence. This has been created by lower interest rates, tax cuts and a subtle easing in credit policy, together with a stable federal government post election. This means buyers are active and Across our local market, we have seen 2,744 properties listed for sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 1,384 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 5.6%. The median sales price of a home in Pimpama is now $491,000. Upper Coomera saw its median house sales price grow by 0.0% with the median price now sitting at $485,000 and Coomera eased -1.9% across 262 individual sales with a median of $525,000.

The most traded suburb for houses in our area has been Upper Coomera with 454 homes sold over the past 12 months while Coomera had the most unit sales with 72 transactions. House prices in Upper Coomera have remained relatively stable with growth of 0.0% and now have a median price of $485,000.

Over the past month, about $408,000 in units and $19.1m in houses has been sold in Upper Coomera with $21.23m and $234.16m respectively sold over the past 12 months.

Oxenford has demonstrated the the lowest price falls for units with prices falling -2.8% over the past 12 months. The median sales price for units in Oxenford is now $308,500 and with a median rent of $377 a week, they offer a rental yield of 6.8%.

The highest median housing rents in our area are $470 per week in Oxenford and for units $410 per week in Upper Coomera. Housing rental yields in Coomera are currently 5.4% demonstrating why the area is popular with investors.

The time it takes to sell a house in our region ranges from 39 days in Oxenford to 73 days in Coomera, and the shortest median time to sell a unit is 76 days in Upper Coomera.

Top performing local suburbs Pimpama

220

$491,000

5.6%

1.0%

Upper Coomera

454

$485,000

0.0%

1.8%

Coomera

262

$525,000

-1.9%

2.9%

Oxenford

32

$308,500

-2.8%

0.8%

Upper Coomera

63

$330,000

-2.9%

-0.1%

Pimpama

24

$375,000

-6.1%

1.1%

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 771 houses were listed for sale over the past year. Houses in Upper Coomera have an average land size of 734 square metres.

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The suburb also has a large apartment market with 130 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 $504,111.

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

Suburb snapshot

Houses

Units

454

63

$485,000

$330,000

Annual Change in Median Price

0.0%

-2.9%

Median Asking Rent

$460

$410

Indicative Gross Rental Yield

5.3%

6.8%

Total Listings

771

130

54

76

$234.16m

$21.23m

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

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Over the past 12 months, buyer interest has eased with 454 houses sold this year compared to 550 sales last year.

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Houses are typically selling within 54 days.

●

Sales prices have stabilised by 0.0% over the past 12 months and vendors are typically discounting by -6.3% 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 2.6% 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 -1.9% over the past 12 months.

The median price of houses in Coomera is currently $525,000. The suburb has also performed very strongly over the past three years with a growth of 9.8%.

Suburb Over 12-month period (1 Oct 2018 to 30 Sep 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

2.6%

Upper Coomera

1.7%

Oxenford

1.6%

Pimpama

0.9%

Oxenford

0.7%

Upper Coomera

-0.3%

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 10 Jax Court Upper Coomera QLD 4209 Sale Price: $340,000 Sale Date: 3 Oct 2019 Area: 602m2 Attributes: 4 Beds, 2 Baths, 2 Lock Up Garages

7 Lone Pine Circuit Upper Coomera QLD 4209 Sale Price: $340,000 Sale Date: 2 Dec 2019 Area: 630m2 Attributes:

25 Skyridge Drive Upper Coomera QLD 4209 Sale Price: $350,000 Sale Date: 5 Nov 2019 Area: 2,762m2 Attributes: 3 Beds, 1 Baths, 2 Lock Up Garages

21 Damian Leeding Way Upper Coomera QLD 4209 Sale Price: $375,000 Sale Date: 26 Oct 2019 Area: 285m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

2/3 Studebaker Street Upper Coomera QLD 4209 Sale Price: $377,500 Sale Date: 27 Oct 2019 Area: 169m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

8 Isaac Street Upper Coomera QLD 4209 Sale Price: $390,000 Sale Date: 12 Oct 2019 Area: 250m2 Attributes: 3 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages

4 Erskine Street Upper Coomera QLD 4209 Sale Price: $390,000 Sale Date: 24 Oct 2019 Area: 488m2 Attributes: 3 Beds, 1 Baths, 2 Car Spaces, 2 Lock Up Garages

6 Worth Court Upper Coomera QLD 4209 Sale Price: $405,000 Sale Date: 23 Oct 2019 Area: 450m2 Eq. Building Area: 154.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

11 Mersey Street Upper Coomera QLD 4209 Sale Price: $431,000 Sale Date: 12 Dec 2019 Area: 350m2 Eq. Building Area: 16.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

46 Annabelle Crescent Upper Coomera QLD 4209 Sale Price: $451,000 Sale Date: 13 Dec 2019 Area: 602m2 Eq. Building Area: 22.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

25 Coachella Crescent Upper Coomera QLD 4209 Sale Price: $468,000 Sale Date: 12 Nov 2019 Area: 512m2 Eq. Building Area: 241.5479m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

4 Yarrambat Rise Upper Coomera QLD 4209 Sale Price: $470,000 Sale Date: 30 Oct 2019 Area: 488m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

16 Annabelle Crescent Upper Coomera QLD 4209 Sale Price: $470,000 Sale Date: 28 Oct 2019 Area: 697m2 Eq. Building Area: 222.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

1 Picton Court Upper Coomera QLD 4209 Sale Price: $472,000 Sale Date: 14 Nov 2019 Area: 688m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

33 Conjola Crescent Upper Coomera QLD 4209 Sale Price: $474,250 Sale Date: 5 Oct 2019 Area: 450m2 Eq. Building Area: 195.0964m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

6 Stanfield Drive Upper Coomera QLD 4209 Sale Price: $480,000 Sale Date: 25 Nov 2019 Area: 707m2 Attributes: 4 Beds, 1 Baths, 2 Car Spaces, 2 Lock Up Garages

23 Torrington Street Upper Coomera QLD 4209 Sale Price: $490,000 Sale Date: 15 Oct 2019 Area: 438m2 Attributes: 4 Beds, 2 Baths, 5 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

17 Ferricks Court Upper Coomera QLD 4209 Sale Price: $490,000 Sale Date: 20 Dec 2019 Area: 700m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

12 Millet Place Upper Coomera QLD 4209 Sale Price: $490,000 Sale Date: 13 Dec 2019 Area: 667m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

12 San Gabriel Crescent Upper Coomera QLD 4209 Sale Price: $491,000 Sale Date: 18 Nov 2019 Area: 435m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

7 Mungana Drive Upper Coomera QLD 4209 Sale Price: $491,500 Sale Date: 8 Nov 2019 Area: 753m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

25 Butcher Bird Circuit Upper Coomera QLD 4209 Sale Price: $498,000 Sale Date: 20 Dec 2019 Area: 585m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

14 Acton Place Upper Coomera QLD 4209 Sale Price: $499,000 Sale Date: 8 Nov 2019 Area: 714m2 Attributes: 5 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

25 Greendragon Crescent Upper Coomera QLD 4209 Sale Price: $499,000 Sale Date: 14 Oct 2019 Area: 627m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

13 Lysterfield Rise Upper Coomera QLD 4209 Sale Price: $508,000 Sale Date: 11 Nov 2019 Area: 1,026m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

3 Greendragon Crescent Upper Coomera QLD 4209 Sale Price: $510,000 Sale Date: 30 Oct 2019 Area: 627m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

3 Abercrombie Crescent Upper Coomera QLD 4209 Sale Price: $525,000 Sale Date: 18 Oct 2019 Area: 645m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

14 Bundoora Street Upper Coomera QLD 4209 Sale Price: $530,000 Sale Date: 4 Oct 2019 Area: 495m2 Attributes: 4 Beds, 3 Baths, 4 Car Spaces, 2 Lock Up Garages

5 Benz Link Upper Coomera QLD 4209 Sale Price: $535,000 Sale Date: 28 Oct 2019 Area: 450m2 Eq. Building Area: 1941.6735m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

3 Nandina Court Upper Coomera QLD 4209 Sale Price: $540,000 Sale Date: 12 Oct 2019 Area: 627m2 Eq. Building Area: 183.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

47 Butcher Bird Circuit Upper Coomera QLD 4209 Sale Price: $542,500 Sale Date: 14 Nov 2019 Area: 629m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

4 Macklin Court Upper Coomera QLD 4209 Sale Price: $550,000 Sale Date: 18 Oct 2019 Area: 923m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

9 Bishopwood Court Upper Coomera QLD 4209 Sale Price: $570,000 Sale Date: 1 Oct 2019 Area: 717m2 Attributes: 4 Beds, 2 Baths, 3 Car Spaces, 2 Lock Up Garages, 1 Ensuites

13 Phaeton Street Upper Coomera QLD 4209 Sale Price: $580,000 Sale Date: 1 Oct 2019 Area: 613m2 Eq. Building Area: 176.5158m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

22 Phaeton Street Upper Coomera QLD 4209 Sale Price: $585,000 Sale Date: 8 Oct 2019 Area: 403m2 Eq. Building Area: 222.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

10 Gullwing Drive Upper Coomera QLD 4209 Sale Price: $590,000 Sale Date: 24 Oct 2019 Area: 600m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces

57 Bridie Drive Upper Coomera QLD 4209 Sale Price: $605,000 Sale Date: 15 Oct 2019 Area: 680m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

50 Macleay Circuit Upper Coomera QLD 4209 Sale Price: $615,000 Sale Date: 29 Nov 2019 Area: 695m2 Eq. Building Area: 260.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

8 Rainlily Crescent Upper Coomera QLD 4209 Sale Price: $615,000 Sale Date: 9 Oct 2019 Area: 625m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

23 Arondel Circuit Upper Coomera QLD 4209 Sale Price: $615,000 Sale Date: 14 Nov 2019 Area: 650m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

56 Candlebark Circuit Upper Coomera QLD 4209 Sale Price: $620,000 Sale Date: 25 Nov 2019 Area: 607m2 Eq. Building Area: 279.0m2 Attributes: 4 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

28 Jagera Drive Upper Coomera QLD 4209 Sale Price: $635,000 Sale Date: 15 Oct 2019 Area: 1,069m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces

25 Conestoga Way Upper Coomera QLD 4209 Sale Price: $655,000 Sale Date: 18 Nov 2019 Area: 613m2 Attributes: 5 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

8 Saddle Back Street Upper Coomera QLD 4209 Sale Price: $695,000 Sale Date: 16 Oct 2019 Area: 752m2 Eq. Building Area: 195.0964m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

20 Phaeton Street Upper Coomera QLD 4209 Sale Price: $740,000 Sale Date: 24 Oct 2019 Area: 403m2 Eq. Building Area: 327.0m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces

18 Greenview Drive Upper Coomera QLD 4209 Sale Price: $810,000 Sale Date: 1 Nov 2019 Area: 802m2 Attributes: 5 Beds, 2 Baths, 3 Car Spaces, 3 Lock Up Garages, 1 Ensuites

9 Capelily Street Upper Coomera QLD 4209 Sale Price: $862,000 Sale Date: 17 Nov 2019 Area: 969m2 Eq. Building Area: 425.0m2 Attributes: 4 Beds, 3 Baths, 6 Car Spaces

© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

58 Lone Pine Circuit Upper Coomera QLD 4209 Sale Price: $950,000 Sale Date: 13 Nov 2019 Area: 820m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages

25 Isetta Court Upper Coomera QLD 4209 Sale Price: $1,250,000 Sale Date: 16 Oct 2019 Area: 2,386m2 Eq. Building Area: 18.5806m2 Attributes: 4 Beds, 3 Baths, 3 Car Spaces, 1 Ensuites

© Copyright 2020 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) 2020. 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 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

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.

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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