CMA

Comparative Market Analysis

1/27 Kurrawa Avenue Point Clare NSW 2250 Prepared for Anne Goulston on 31st October 2019

Alan Bowler McGrath Gosford Suite 3/7 Riverside Park 69 WEST GOSFORD NSW 2250 m: 0408496198 w: 0243461453 alanbowler@mcgrath.com.au

The Proprietor 1/27 Kurrawa Avenue Point Clare NSW 2250

31st October 2019 Dear Reader, Thank you for the opportunity to appraise your property.

Careful consideration has been taken to provide you with an appraisal for your property in today’s market conditions.

To establish a market value, I have carefully considered the premises, size, location, along with current market conditions and similar properties recently sold or currently on the market.

Should you have any questions relating to the information contained within this appraisal, please do not hesitate to contact me on the details below.

If I can be of any further assistance, please do not hesitate to contact me on the details below. I look forward to working with you to achieve your real estate goals.

Yours Sincerely,

Alan Bowler McGrath Gosford Suite 3/7 Riverside Park 69 Central Coast Hwy WEST GOSFORD NSW 2250 m: 0408496198

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

Your Property 1/27 Kurrawa Avenue Point Clare NSW 2250 -

-

-

1,108m2

-

Your Property History 31 Jul, 2006

-

Sold for $1,500,000

Introducing Alan Bowler Enthusiastic, highly organised and a possessing a wealth of experience, Alan Bowler is passionate about the area he lives and works in. Alan’s connection to the Greater Gosford area runs deep: his mother established a local real estate business, and Alan has inherited a passion for the area and its people from her. Alan began working in real estate at only 17, and this gives him an incredible insight into the local property market and clients’ needs. After participating in over 1,500 property transactions and selling in

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

Comparables Map: Sales & Listings

Your Property

For Sale

Recently Sold

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

Comparables Map: Sales

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

Comparable Sales 5/9 Kurrawa Avenue Point Clare NSW 2250 3

2

1

Sold Date 28-Mar-19 DOM 32 Distance 0.12km

4,998m2 Price Change First Listing Last Listing

3

2

Sold Date 09-May-19 DOM 37 Distance 0.14km

0% $850,000 $850,000

740m2 Price Change First Listing Last Listing

4

2

Sold Date 11-Apr-19 DOM 30 Distance 0.19km

-

4

2

Sold Date 01-Mar-19 DOM 358 Distance 0.33km

2

2

Sold Date 18-Sep-19 DOM 28 Distance 0.52km

DOM = Days on market

RS

= Recent sale

753m2 Price Change First Listing Last Listing

2

Sold Price

$800,000

-

Year Built -

-

3

Sold Price

$2,350,000

363m2 -

Year Built 2000

-

4

75 Victory Parade Tascott NSW 2250 3

$1,425,000

$1,500,000

1,034m2 Price Change First Listing Last Listing

Year Built 1975

25 Coogee Road Point Clare NSW 2250 5

1

259.39

270m2 Price Change First Listing Last Listing

Year Built -

Sold Price

49 Kurrawa Avenue Point Clare NSW 2250 4

$850,000

-

41 Kurrawa Avenue Point Clare NSW 2250 4

Sold Price

Sold Price

RS

$945,000

236m2 -10% $1,050,000 $945,000

Year Built 1960

UN = Undisclosed Sale

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

5

Comparable Sales 14 Eulalia Avenue Point Frederick NSW 2250 5

3

2

Sold Date 29-Mar-19 DOM 11 Distance 1.14km

1,610m2 Price Change First Listing Last Listing

3

1

Sold Date 08-Mar-19 DOM 24 Distance 1.25km

-2.5% $4,000,000 -

651m2 Price Change First Listing Last Listing

3

2

Sold Date 29-May-19 DOM 86 Distance 1.32km

4

4

Sold Date 06-Apr-19 DOM 171 Distance 1.4km

2

2

Sold Date 27-Jun-19 DOM 16 Distance 1.53km

DOM = Days on market

RS

= Recent sale

639m2 Price Change First Listing Last Listing

$1,150,000

7

Sold Price

$2,450,000

278.18 -

Year Built 1979

$2,400,000

8

Sold Price

$2,450,000

252m2 -

Year Built 1970

$2,350,000

57 Bayline Drive Point Clare NSW 2250 4

-

938m2 Price Change First Listing Last Listing

6

Year Built 1950

85A Albany Street Point Frederick NSW 2250 4

Year Built 2002

Sold Price

-

1,291m2 Price Change First Listing Last Listing

$3,900,000

238m2

47 Albany Street Point Frederick NSW 2250 5

563m2

58 Albany Street Point Frederick NSW 2250 5

Sold Price

9

Sold Price

$980,000

168.33 8.9% $900,000 $950,000

Year Built 1980

UN = Undisclosed Sale

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

10

Comparable Sales 68 Brisbane Water Drive Koolewong NSW 2256 4

2

4

Sold Date 19-Oct-19 DOM 145 Distance 2.19km

DOM = Days on market

RS

= Recent sale

741m2 Price Change First Listing Last Listing

Sold Price

$1,675,000

4.7% $1,600,000 -

Year Built -

UN = Undisclosed Sale

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

11

Comparables Map: Listings

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

Comparable Listings 43 Kurrawa Avenue Point Clare NSW 2250 4

2

4

Listing Price $1,850,000

669m2

-

Listed Date

29-Jun-17

Year Built -

DOM

695 days

Distance

0.15km 1

40B Albany Street Point Frederick NSW 2250 4

2

2

Listing Price $2,250,000 $2,450,000

980m2

258m2

Listed Date

18-Mar-19

Year Built 1975

DOM

228 days

Distance

1.16km 2

1 Albany Street Point Frederick NSW 2250 4

3

3

Listing Price New To Market

1,836m2

345m2

Listed Date

23-Oct-19

Year Built 1990

DOM

9 days

Distance

1.28km 3

125B Albany Street Point Frederick NSW 2250 4

3

5

Listing Price $2,600,000

560m2

-

Listed Date

11-Sep-19

Year Built -

DOM

51 days

Distance

1.54km 4

3/3 Lynn Avenue Point Frederick NSW 2250 3

2

Listing Price $950,000

2

1,119m2

-

Listed Date

07-Jul-18

Year Built -

DOM

322 days

Distance

1.64km 5

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

Comparable Listings 65 Masons Parade Point Frederick NSW 2250 3

2

Listing Price $2,700,000

3

1,716m2

1,716m2

Listed Date

19-Oct-18

Year Built -

DOM

225 days

Distance

1.93km 6

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

Point Clare Demographic Suburb Insights

3.7 k Population

-2% 5 years population change

11.5 years Average length of ownership

The size of Point Clare is approximately 4.6 square kilometres. It has 8 parks covering nearly 26.8% of total area. The population of Point Clare in 2011 was 3,809 people. By 2016 the population was 3,731 showing a population decline of 2.0% in the area during that time. The predominant age group in Point Clare is 40-49 years. Households in Point Clare are primarily couples with children and are likely to be repaying $1800 $2399 per month on mortgage repayments. In general, people in Point Clare work in a professional occupation. In 2011, 75% of the homes in Point Clare were owner-occupied compared with 72.4% in 2016.

Currently the median sales price of houses in the area is $695,000.

HOUSEHOLD STRUCTURE

HOUSEHOLD OCCUPANCY

HOUSEHOLD INCOME

AGE

TYPE

%

TYPE

%

TYPE

%

TYPE

%

Childless Couples

37.4

Owns Outright

35.9

0-15.6K

4.0

0-9

13.2

Couples with Children

44.7

Purchaser

36.5

15.6-33.8K

15.5

10-19

11.8

Single Parents

17.0

Renting

23.8

33.8-52K

14.7

20-29

8.7

Other

0.6

Other

1.0

52-78K

15.7

30-39

10.0

Not Stated

3.3

78-130K

21.1

40-49

14.5

130-182K

10.4

50-59

14.4

182K+

7.9

60-69

10.0

70-79

10.4

80-89

5.8

90-99

1.1

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

Local Schools

SCHOOL ADDRESS

DISTANCE

SCHOOL TYPE

GENDER

SECTOR

YEARS

Point Clare Public School

0.36km

Primary

Mixed

Government

0-6

1.79km

Secondary

Mixed

Non-Government

7-12

1.95km

Secondary

Female

Non-Government

7-12

Gosford Public School

2.1km

Primary

Mixed

Government

0-6

Gosford East Public School

2.13km

Primary

Mixed

Government

0-6

1 Takari Avenue Point Clare NSW 2250 St Edward's Christian Brothers' College 13 Frederick Street East Gosford NSW 2250 St Joseph's Catholic College 2 Russell Drysdale Street East Gosford NSW 2250

47 York Street East Gosford NSW 2250 Property is within school catchment area

Property is outside school catchment area

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

Recent Market Trends PERIOD

PROPERTIES SOLD

MEDIAN PRICE

GROWTH

DAYS ON MARKET

LISTINGS

ASKING RENT

Jul 2019

-

-

-

-

1

$360

Jun 2019

-

-

-

-

1

$370

May 2019

-

-

-

-

1

$370

Apr 2019

-

-

-

-

2

$375

Mar 2019

1

-

-

-

2

$377

Feb 2019

-

-

-

-

2

$375

Jan 2019

-

-

-

-

1

$377

Dec 2018

-

-

-

-

1

$375

Nov 2018

-

-

-

-

2

$375

Oct 2018

-

-

-

-

2

$377

Sep 2018

-

-

-

-

2

$377

Aug 2018

1

-

-

-

1

$385

Sales by Price - 12 months (Unit) PRICE

NUMBER

<200K

0

$200K-$400K

1

400K-600K

0

600K-800K

0

$800K-$1M

1

1M-2M

0

>2M

0

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

Long Term Market Trends

PERIOD

PROPERTIES SOLD

MEDIAN PRICE

GROWTH

DAYS ON MARKET

LISTINGS

ASKING RENT

2019

2

-

-

-

4

$360

2018

8

$448,000

11.3%

-

8

$377

2017

11

$402,500

0.6%

28

7

$385

2016

14

$400,000

20.8%

32

17

$360

2015

20

$331,000

-3.9%

71

19

$350

2014

16

$344,500

-

-

16

$380

2013

9

-

-

-

11

$350

2012

8

$279,000

15.3%

57

13

$330

2011

12

$242,000

-12.0%

-

8

$300

2010

16

$275,000

-2.5%

101

15

$290

2009

16

$282,000

2.5%

-

18

$280

2008

7

$275,155

-11.5%

-

23

-

2007

16

$311,000

-

-

12

-

2006

11

-

-

-

14

-

2005

7

-

-

-

11

-

2004

8

$261,625

10.9%

-

7

-

2003

14

$236,000

-1.7%

-

3

-

2002

20

$240,000

39.7%

-

-

-

2001

17

$171,750

6.0%

-

1

-

2000

22

$162,000

9.1%

-

-

-

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

Summary 1/27 Kurrawa Avenue Point Clare NSW 2250

Appraisal price range Notes from your agent

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

Disclaimer

Contains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider by the LPI. The Appraisal Amount contained in the report may have been manually provided by the Agent; or may be based on an automated valuation model estimate provided by CoreLogic ('AVM Estimated Value'). AVM Estimated Values are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the AVM Estimated Value, the existence of the subject property, and the accuracy of the AVM Estimated Value and all rule sets provided are estimates based on available data and are not guaranteed or warranted. CoreLogic excludes all liability for any loss or damage arising in connection with the Appraisal Amount and/or AVM Estimated Value.

Product Data licensed by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see www.corelogic.com.au/aboutus/thirdpartyrestrictions.html All information relating to Schools provided by CoreLogic is as a courtesy only. CoreLogic does not make any representations regarding the accuracy or completeness of the data. You should contact the School directly to verify this information.

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.

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