Eagle Vale
MARKET REPORT QUARTERLY - OCTOBER 2015
02 4628 0033
www.prudential.com.au
WHAT’S HAPPENING IN YOUR LOCAL PROPERTY MARKET? What a wild ride! Hi it’s Wayne Browne here from Prudential Real Estate. Wow, what a rollercoaster the Macarthur
With spring in the air we are seeing an influx of
property market has been this last quarter. Starting out of the gates on a high we experienced a hyperactive market, with 80% of houses listed with Prudential Real Estate selling within 21 days.
properties listed on the local market. This is great news for buyers and vendors looking to sell, with greater choice of properties available. Although foot traffic at open homes has slowed a little we are still seeing quality buyers out and about and strong prices being achieved.
The RBA kept the record low 2.0% interest rate on hold across the quarter. At first this saw buyer confidence at an all time high, with high levels of foot traffic at open homes- as many as 70 people at every open! Three stand-out sales we achieved in the hyperactive market conditions this quarter include the newly-renovated family entertainer at 51 Birdsville Crescent, achieving $665,000. We also saw record high prices achieved at 14 Bowerbird Avenue selling for $620,000 and at 1 Ambrose Street, Oran Park selling for a mind-blowing $830,000! In response to the spike in lending, government agencies introduced changes to regulation which has seen the banks make changes to their lending criteria and minimum loan deposits. Together with volatility on the domestic and foreign stock markets, these changes saw a curb in investment purchasing and many first home buyers locked out of the market.
2
www.prudential.com.au
Some recently- listed gems on the market include: 9 Mariner Street, Glenfield price guide $750,000 - $810,000, 6 Moran Place, Currans Hill price guide $540,000 - $580,000 and expressions of interest are welcomed at the development site 46 & 48 Austin Avenue, Campbelltown. Recent media speculation about the end of the boom in the Sydney Property Market has seen buyers act more cautiously when making purchase decisions, slowing down the sales turnover rates we were experiencing earlier in the quarter. Out of area interest in the Macarthur continues to build with investors attracted by the development of the Glenfield to Macarthur Urban Renewal Corridor. The NSW State Government has responded to the extremely high demand in the region (which we are seeing with the skyrocketing demand for registered
26 Silica Crescent, Eaglevale SOLD BY $580,000 land), announcing the development of 35,000 new homes, as a part of the Greater Macarthur Land Release Area.
Most importantly, if you are thinking of selling now is the right time, whilst prices are high and buyers are still plentiful. If that sounds like you, call me today, I would be happy to help you.
WAYNE BROWNE 0413 718 064
FOR PROPERTY ADVICE AND HELP IN EAGLE VALE AND SURROUNDING SUBURBS
3
EAGLE VALE - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
126
$ 123,250
0.0 %
$ 1,100
$ 10,900,000
1998
141
$ 129,000
4.7 %
$ 2,000
$ 12,410,001
1999
185
$ 140,000
8.5 %
$ 10,000
$ 460,000
2000
150
$ 154,225
10.2 %
$ 62,000
$ 320,000
2001
148
$ 185,250
20.1 %
$ 2,200
$ 325,000
2002
165
$ 235,000
26.9 %
$ 1,850
$ 1,261,000
2003
124
$ 283,375
20.6 %
$ 2,200
$ 490,000
2004
80
$ 310,000
9.4 %
$ 30,000
$ 619,500
2005
72
$ 297,500
-4.0 %
$ 30,000
$ 550,000
2006
76
$ 299,000
0.5 %
$ 34,000
$ 470,000
2007
84
$ 276,500
-7.5 %
$ 135,000
$ 423,000
2008
82
$ 286,000
3.4 %
$ 85,000
$ 405,000
2009
99
$ 300,000
4.9 %
$ 71,250
$ 460,000
2010
74
$ 337,975
12.7 %
$ 62,000
$ 475,000
2011
93
$ 320,000
-5.3 %
$ 175,000
$ 495,000
2012
60
$ 336,500
5.2 %
$ 85,400
$ 470,000
2013
80
$ 351,750
4.5 %
$ 156,000
$ 510,000
2014
94
$ 427,500
21.5 %
$ 159,483
$ 575,000
2015
62
$ 520,000
21.6 %
$ 245,000
$ 704,000
Median Sale Price
$499k
Based on 90 recorded House sales within the last 12 months (Oct '14 - Sep '15) Based on a rolling 12 month period and may differ from calendar year statistics
Suburb Growth
+23.2%
Current Median Price: $499,000 Previous Median Price: $405,000 Based on 179 recorded House sales compared over the last two rolling 12 month periods
Prepared on 26/10/2015 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) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
EAGLE VALE - Peak Selling Periods
EAGLE VALE - Price Range Segments
Prepared on 26/10/2015 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) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
EAGLE VALE - Median Weekly Rents (Houses) Suburb Sale Price Growth
+23.2%
Current Median Price: $499,000 Previous Median Price: $405,000
Based on 179 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.4%
Current Median Price: $499,000 Current Median Rent: $420
Based on 55 registered House sales compared over ther last 12 months.
EAGLE VALE - Median Weekly Rents (Units) Suburb Sale Price Growth
+12.7%
Current Median Price: $442,500 Previous Median Price: $392,475
Based on 18 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.3%
Current Median Price: $442,500 Current Median Rent: $365
Based on 9 registered Unit sales compared over ther last 12 months.
Prepared on 26/10/2015 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) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
EAGLE VALE - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 90 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $499,000 Previous Median Price: $405,000
Based on recorded House sales within the 12 months (Oct '14 - Sep '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 179 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
$499k
+23.2%
26 ZEOLITE PL
48 CINNABAR ST
83 EMERALD DR
$530,000
Oct
2015 N/A
$596,000
Sep
814 m²
4
1
2
52 EMERALD DR
2015 48 Days
3
644 m²
3
1
2
2015 23 Days
3
1
1
612 m²
3
N/A
1
$540,000
603 m²
4
2
2
2015 12 Days
699 m²
3
1
1
26 SILICA CRES $500,000
2015
1
Aug
Aug
326 m²
35 Days
$615,000
70 MALACHITE RD
Aug
2015
12 DOLOMITE PL
$450,000
16 Days
1
Sep
55B CORNELIAN AVE
2015
1
15 ALMANDINE PL
Sep
27 Days
$460,000
Sep
561 m²
$530,000
2015
90
$580,000
Aug
592 m²
3
2
1
2015 34 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
965 m²
4
2
1
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
139 GOULD RD
29 AQUAMARINE DR
24 HARCOURT PL
$435,000
Aug
2015 N/A
$520,000
Aug
561 m²
3
1
1
129 GOULD RD
2015 N/A
Aug
561 m²
-
Aug
13 Days
1,005 m²
4
2
6
2015
4
1
4
108 GOULD RD
8 Days
571 m²
3
1
1
2015 25 Days
4
3
2
7 Days
4
7 Days
788 m²
4
2
2
$704,000
Jul
582 m²
3
1
1
2015 27 Days
1,148 m²
3
1
3
4 AGATE PL
Jul
685 m²
2015
$521,000
2015
1
$685,000
$570,000
2 HARCOURT PL
Jul
82 Days
3
13 OPAL PL
$645,000
2015
546 m²
Jul
Jul
633 m²
14 Days
$458,000
22 GRANITE PL
Jul
2015
5 SALTPETRE CL
$580,000
19 Days
-
Jul
21 CHALCEDONY ST
2015
-
62 DOBELL RD $680,000
2015
$545,000
$660,000
Jul
601 m²
3
2
1
2015 N/A
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
764 m²
4
2
2
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
EAGLE VALE - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 55 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $499,000 Current Median Rent: $420
Based on recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 90 recorded House sales and 55 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+4.4%
$420 /w
24 HARCOURT PL
139 GOULD RD
19 GRANITE PL
$450 per
$480.00 per
Oct
2015 5 Days
Oct
547 m²
3
1
4
3 DOLOMITE PL
2015 8 Days
561 m²
3
3
1
1
2015 20 Days
831 m²
3
2
1
1
2015 76 Days
2
2
29 Days
880 m²
3
1
1
7 BAUXITE PL
Aug
1
2015
$430 Weekly
Aug
4
4
Sep
11 PERIDOT CL
638 m²
570 m²
$420
Oct
604 m²
9 Days
15 EPIDOTE CL
$400
75 Days
2
2015
$440.00
8A CIPOLIN CL
2015
1
43 LIMONITE PL
Oct
12 Days
$400
Oct
$390
2015
55
$420
Aug
750 m²
3
1
1
2015 83 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
611 m²
3
1
1
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
7 CIPOLIN CL
15 ASHTON CL
9 GRAPHITE PL
$350
$410
Jul
2015 98 Days
Mar
612 m²
3
1
1
15 EPIDOTE CL
2015 225 Days
Feb
699 m²
3
Jan
287 Days
3
1
1
2
2014 403 Days
2
2014 468 Days
3
1
-
3
1
431 Days
671 m²
3
1
854 Days
1
1
$400 per
Jul
633 m²
3
1
3
2014 475 Days
695 m²
3
1
2
11 DOLOMITE PL $420 / Wk
Jun
600 m²
2014
$390
2013
1
46 EMERALD DR
7 EPIDOTE CL
Apr
1
Aug
561 m²
$400.00
551 Days
3
$430 per
90 GOULD RD
2014
600 m²
$380
Jul
3
263 Days
$350 p.w.
3 MARL PL
Jul
581 m²
2015
36 EMERALD DR
$450 per
453 Days
2
Sep
880 m²
25 CHALCEDONY ST
2014
1
10 GRIFFITHS PL $420 Weekly
2015
$390 Weekly
Sep
564 m²
3
1
1
2012
1000+ Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
801 m²
4
2
2
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 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.
WHAT DO PEOPLE SAY ABOUT PRUDENTIAL REAL ESTATE?
“ “ “ “ “ “ “ 11
Above and beyond professional service. Excellent communication and friendly, personable staff. Extremely happy with the whole process and sale of our house. Thank you so so much! - Natalie Gorman
Our agents were very professional, never pushy towards us when making decisions and made the overall experience fun and exciting. They kept us as up to date as possible and we felt very informed throughout the whole process. Our agents really went above and beyond for us and massively exceeded our expectations. - Allison Carroll When a potential client is considering who to choose there is no one but Prudential. Their knowledge and professional attitude is excellent. - Robyn Rouse
Very professional as well as friendly staff. Being a first-time landlord, what I thought would be a painful process became a stress-free one as the whole process was clearly explained and we received constant feedback from our agent. - A. Allie The team work of the Prudential estate agents is fantastic, very enthusiastic and informative at all times. Never doubted that a good result would be achieved with their service. - Kevin & Carolyn Addison
Prudential Real Estate have managed my investment property for 10 years and have always been proactive and informative regarding leasing the property. I am always kept informed and the property is managed/maintained very well. Highly recommended. - Sophia Nabi Professional and passionate sales staff are who you want on your team when selling. We were confident that prudential would get us the best price out there, and they did. They are worth every cent of their competitive rate of commission. - Ashley O’Connor
www.prudential.com.au
ABOUT Prudential Real Estate has been serving the Macarthur community since 1988 and now operates five offices across the Macarthur and Liverpool. We provide guaranteed property services to our customers and clients. We achieve consistent, high quality service through our systems-based business structure.
With bounds of local knowledge and a heritage presence in the Macarthur, you can be confident that Prudential Real Estate will fulfill your every property need.
We are dedicated to constant innovation with changing technology to deliver world-class service to property sellers, buyers, investors and tenants.
LOCATIONS Campbelltown P: 02 4628 0033 Ingleburn P: 02 9605 5000 Liverpool P: 02 9822 5999 Macquarie Fields P: 02 9605 5333 Narellan P: 02 4624 4400
02 4628 0033
www.prudential.com.au