Narellan Quarterly Market Report - April 2015
What’s happening in your local property market?
Market Report - Narellan From NICK GAUCI, your local property expert in Narellan
It’s a BOOM out there! Hi, its Nick here from Prudential Real Estate. Welcome to our latest quarterly report for Narellan in 2015. Over the last three months we’ve seen a spectacular property boom! With another cut to interest rates, consumer confidence is at an all time high so it’s a n e x c i t i n g t i m e f or N a r e l l a n homeowners to cash-in while the local market is hot.
by the first weekend on the market, this quarter. As I write this update there are only three properties available for sale in Narellan. So, right now, any home in Narellan coming on the market today would be very popular with buyers as demand is very strong. This will inevitably mean a fantastic sale price as was recently the case with one 4-
Spring Farm. Buyers are encouraged to make offers above $653,900. The property is registered and ready to commence building a 4 bedroom, 2 bathroom, double garage home. First home buyers should be thrilled by the news that land releases are ongoing in such suburban areas as Appin, Oran Park and Spring Farm, but building blocks are selling up fast. As we reflect on what has occurred in the first quarter of 2015, we can’t wait to see what the second quarter will bring. So if you are looking to make a move, call me now. Thanks for your time, I’m Nick and I look forward to speaking with you soon.
Contact me today for property advice and help in NARELLAN and surrounding suburbs NICK GAUCI
M: 0421 639 638 4 Longley Avenue, Elderslie now FOR SALE with Prudential Real Estate We have seen an increase in buyers attending our open homes with over 70% being investors. This is not a surprise, as Realestate.com.au stated in a recent blog that Campbelltown ranked 7th on the top ten most searched suburbs for New South Wales. Achieving higher than anticipated sales prices in the last quarter, it is an encouraging time for homeowners to consider selling. If you’re not thinking of selling right now I would be locking in my mortgage rate with your bank. Interest rates are unlikely to go lower so now's the time to nail down your repayments for the next 12 months. Need help with this? Call me at any time. The Narellan market has been crowded with demand with most houses selling
bedroom home located next to Studley Park Golf Course which sold for an amazing $860,000. Wow! This fact should not discourage buyers as this trend is slowly curbing and there are still great value properties popping onto the market, across the Macarthur region. Recently-listed gems include the charming and elegant, four bedroom, family home at 4 Longley Avenue, Elderslie which is now available for inspection at offers above $640,000. This property is a stunner. Another amazing property we have recently listed is lot 5135 Springs Rd, Spring Farm. This 468 sq. metre building block together with a house and land package is beautifully positioned within the sought after Riverside Estate,
NARELLAN - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
99
$ 145,000
0.0 %
$ 16,000
$ 1,485,000
1998
94
$ 165,500
14.1 %
$ 45,000
$ 312,500
1999
106
$ 185,000
11.8 %
$ 14,000
$ 335,000
2000
80
$ 217,000
17.3 %
$ 5,000
$ 359,000
2001
113
$ 234,000
7.8 %
$ 80,000
$ 540,000
2002
94
$ 279,750
19.6 %
$ 67,000
$ 1,450,000
2003
114
$ 346,500
23.9 %
$ 70,000
$ 1,200,000
2004
48
$ 361,548
4.3 %
$ 60,000
$ 3,250,000
2005
53
$ 353,000
-2.4 %
$ 192,500
$ 3,125,000
2006
76
$ 355,000
0.6 %
$ 137,500
$ 500,000
2007
54
$ 325,000
-8.5 %
$ 117,500
$ 490,000
2008
49
$ 325,000
0.0 %
$ 100,000
$ 911,400
2009
56
$ 340,000
4.6 %
$ 130,000
$ 485,000
2010
51
$ 375,000
10.3 %
$ 180,000
$ 605,000
2011
93
$ 387,000
3.2 %
$ 126,402
$ 520,000
2012
55
$ 370,000
-4.4 %
$ 7,000
$ 3,500,000
2013
60
$ 415,000
12.2 %
$ 75,000
$ 770,000
2014
87
$ 479,900
15.6 %
$ 120,000
$ 635,000
2015
5
$ 500,000
4.2 %
$ 465,000
$ 619,500
Median Sale Price
$491k Based on 72 recorded House sales within the last 12 months (Apr '14 - Mar '15) Based on a rolling 12 month period and may differ from calendar year statistics
Suburb Growth
+12.8% Current Median Price: $490,750 Previous Median Price: $435,000 Based on 139 recorded House sales compared over the last two rolling 12 month periods
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
NARELLAN - Peak Selling Periods
NARELLAN - Price Range Segments
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
NARELLAN - Median Weekly Rents (Houses) Suburb Sale Price Growth
+12.8% Current Median Price: $490,750 Previous Median Price: $435,000 Based on 139 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.6% Current Median Price: $490,750 Current Median Rent: $430 Based on 80 registered House sales compared over ther last 12 months.
NARELLAN - Median Weekly Rents (Units) Suburb Sale Price Growth
+3.1% Current Median Price: $401,000 Previous Median Price: $389,000 Based on 10 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.5% Current Median Price: $401,000 Current Median Rent: $350 Based on 10 registered Unit sales compared over ther last 12 months.
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
NARELLAN - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
$491k
+12.8%
72
Based on 72 recorded House sales within the last 12 months (Apr '14 - Mar '15)
Current Median Price: $490,750 Previous Median Price: $435,000
Based on recorded House sales within the 12 months (Apr '14 - Mar '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 139 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
47 WILSON CRES
53 VALLEY VIEW DR
4 LINKS WAY
$860,000
May
Apr
2015 24 Days
$630,000
Apr
2015 639 m²
4
3
2
6 VISTA PL
36 Days
$498,000
2015 931 m²
4
2
2
1 MAPLE GR
10 Days
$465,000
Mar
Jan
Jan
2015
2015
18 Days
59 Days
75 Days
2
2
6 ST JAMES PL
354 m²
3
1
1
9 VISTA PL
Jan
Jan
Jan
2015
2015
N/A
37 Days
2
2
1
1
$545,000
5 Days
2
644 m²
$619,500
2015 3
1
3 VISTA PL
$500,000
727 m²
1
$495,000
2015 4
3
2 MOWATT ST
$647,000
747 m²
331 m²
984 m²
-
-
-
631 m²
3
2
2
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
6 AUBERT ST
7 RICHARDSON RD
6 BORROWDALE CL
$580,000
$491,500
$580,000
Dec
Dec
Dec
2014
2014
2014
45 Days
6 Days
653 m²
5
2
1
60 QUEEN ST
746 m²
3
1
1
8 FROST AVE
655 m²
$473,000
Dec
Nov
Nov
2014
2014
4
2
2
43 Days
4
$572,100
2014 1,043 m²
2
64 RICHARDSON RD
$595,000
19 Days
4
638 m²
3
2
2
8 Days
696 m²
4
2
3
17 WOODLAND CRES $460,000
Nov
2014 5 Days
762 m²
3
1
2
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
NARELLAN - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
$430 /w
+4.6%
80
Based on 80 recorded House rentals within the last 12 months (Apr '14 - Mar '15)
Current Median Price: $490,750 Current Median Rent: $430
Based on recorded House rentals within the last 12 months (Apr '14 - Mar '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 72 recorded House sales and 80 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
44 WOODLAND CRES
23 CLINTON DR
1/9 LODGES RD
$420 per
$420
$375 Per
May
May
May
2015
2015
2015
11 Days
18 Days
22 Days
718 m²
3
1
1
35 SOMERSET AVE
700 m²
3
1
-
6 AUBERT ST $550
Apr
Mar
Feb
2015
2015
30 Days
54 Days
86 Days
1
3
9 LORIMER CRES
653 m²
5
2
1
8 HAMILTON PL
Jul
Jul
2014
2014
2
3
2
297 Days
1
-
$300 per
Aug
4
700 m²
$370
2014 473 m²
1
14 WILSON CRES
575
295 Days
1
$420
2015 3
2
23 CLINTON DR
$430
645 m²
2,531 m²
904 m²
3
1
1
300 Days
702 m²
2
1
-
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
2 CAMBRIDGE PL
254 CAMDEN VALLEY WAY $470 per
4 ST JAMES PL $340 per
$410
Jun
Jun
May
2014
2014
2014
333 Days
701 m²
3
2
1
4 FISHBURN PL
348 Days
843 m²
2
2
7 MOUNTAIN VIEW PL
May
Mar
1
3
2
432 Days
1
2
$390
Jan
2014 3
696 m²
$500 per
2014 618 m²
367 Days
14 RUDD ST
$450
382 Days
1
2011 686 m²
4
2
2
1000+ Days
790 m²
3
1
1
Prepared on 23/05/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au) The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) May/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 04/05/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
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CAMPBELLTOWN Serving the local community since 1988 47 Queen Street, Campbelltown Phone 4628 0033 INGLEBURN Serving the local community since 2000 31-33 Oxford Road, Ingleburn Phone 9605 5000 LIVERPOOL Serving the local community since 1994 3/52-58 Memorial Avenue, Liverpool Phone 9822 5999 MACQUARIE FIELDS Serving the local community since 1994 Cnr Saywell & Fields Roads, Macquarie Fields Phone 9605 5333 NARELLAN Serving the local community since 2015 5 Somerset Avenue, Narellan Phone 4624 4400
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Recipients of this report are reminded that, although due care has been taken in the preparation of the within contained material, prospective property buyers, sellers and investors are always best served by making their own independent inquiries before entering into any real estate transaction. This report has been prepared for the sole and exclusive use of Prudential Real Estate clients and customers. The whole of the contents and design are protected by copyright. COPYRIGHT Š Michael O'Sullivan 2001-2015
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