Leumeah
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 Graeme Paddock 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
51 Birdsville Crescent, Leumeah SOLD BY $665,000 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.
GRAEME PADDOCK 0416 072 063
FOR PROPERTY ADVICE AND HELP IN LEUMEAH AND SURROUNDING SUBURBS
3
LEUMEAH - Sales Statistics (Houses) Year
# Sales
Median
1997
179
$ 120,000
1998
174
1999
Growth
Low
High
0.0 %
$ 44,683
$ 277,000
$ 130,000
8.3 %
$ 10,000
$ 235,000
198
$ 144,500
11.2 %
$ 5,000
$ 1,701,000
2000
170
$ 160,000
10.7 %
$ 15,000
$ 290,400
2001
217
$ 180,000
12.5 %
$ 12,700
$ 2,511,600
2002
180
$ 240,000
33.3 %
$ 75,000
$ 700,000
2003
185
$ 283,000
17.9 %
$ 2,900
$ 810,000
2004
146
$ 315,000
11.3 %
$ 7,000
$ 11,155,765
2005
125
$ 296,500
-5.9 %
$ 3,500
$ 430,000
2006
107
$ 285,000
-3.9 %
$ 100,000
$ 465,000
2007
143
$ 271,000
-4.9 %
$ 16,500
$ 410,000
2008
118
$ 285,000
5.2 %
$ 187,500
$ 482,000
2009
236
$ 329,000
15.4 %
$ 7,500
$ 715,000
2010
98
$ 317,750
-3.4 %
$ 5,000
$ 490,000
2011
146
$ 327,250
3.0 %
$ 128,000
$ 710,000
2012
116
$ 326,000
-0.4 %
$ 50,000
$ 520,000
2013
116
$ 358,500
10.0 %
$ 190,000
$ 900,000
2014
186
$ 435,000
21.3 %
$ 50,000
$ 4,300,000
2015
89
$ 526,000
20.9 %
$ 240,000
$ 875,000
Median Sale Price
$505k
Based on 154 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
+21.0%
Current Median Price: $505,000 Previous Median Price: $417,337 Based on 304 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.
LEUMEAH - Peak Selling Periods
LEUMEAH - 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.
LEUMEAH - Median Weekly Rents (Houses) Suburb Sale Price Growth
+21.0%
Current Median Price: $505,000 Previous Median Price: $417,337
Based on 304 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.1%
Current Median Price: $505,000 Current Median Rent: $400
Based on 134 registered House sales compared over ther last 12 months.
LEUMEAH - Median Weekly Rents (Units) Suburb Sale Price Growth
+10.9%
Current Median Price: $331,500 Previous Median Price: $299,000
Based on 132 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+5.3%
Current Median Price: $331,500 Current Median Rent: $340
Based on 44 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.
LEUMEAH - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 154 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $505,000 Previous Median Price: $417,337
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 304 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
$505k
+21.0%
TOWNSON AVE
6 TUROSS PL
51/100 PARKHILL AVE
$400,000
Oct
$530,000
Oct
2015
2
N/A
1
1
15 TOWNSON AVE
2015 N/A
-
558 m²
3
1
2
2015 24 Days
3
2
2
1.56 ha
2
25 Days
1
$545,000
590 m²
5
2
2
2015 21 Days
224 m²
3
2
1
58 KIPPAX AVE $675,500
2015
1
Sep
Sep
588 m²
26 Days
$602,500
4 OATES PL
Sep
2015
49 KIPPAX AVE
$485,000
44 Days
-
Oct
17 CARRINGTON CCT
2015
-
17 DEBENHAM AVE
Oct
54 Days
$310,000
Oct
664 m²
$530,000
2015
154
$530,000
Sep
623 m²
4
2
2
2015 14 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
198 m²
3
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.
66 WYANGALA CRES
28 BURRINJUCK ST
123 WYANGALA CRES
$600,000
Sep
2015 14 Days
$559,000
Sep
671 m²
4
1
2
23 TABOURIE ST
2015 23 Days
Sep
686 m²
3
Sep
26 Days
645 m²
4
1
1
2015
-
-
-
7 GILMORE AVE
N/A
626 m²
4
N/A
1
1
2015 98 Days
-
-
-
23 Days
-
N/A
645 m²
4
1
2
$593,000
Aug
714 m²
3
1
1
2015 23 Days
581 m²
4
2
1
42 DEBENHAM AVE
Aug
556 m²
2015
$531,000
2015
-
$540,000
$531,000
14 NORTHAM RD
Aug
-
33 CORUNNA AVE
$370,000
2015
645 m²
Aug
Aug
556 m²
N/A
$536,000
2 BURRILL PL
Aug
2015
118 LEUMEAH RD
$602,000
N/A
1
Aug
3 BURRANEER ST
2015
1
4 SEALE CRES $605,000
2015
$255,000
$595,000
Aug
178 m²
3
2
1
2015 37 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
638 m²
3
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.
LEUMEAH - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 134 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $505,000 Current Median Rent: $400
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 154 recorded House sales and 134 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+4.1%
$400 /w
13/3 ILLAWONG RD
79 KINGSCLARE ST
98 O`SULLIVAN RD
$315
$370
Oct
2015 5 Days
5,152 m²
2
1
1
Oct
2015 7 Days
645 m²
3
573 m²
3
2
2
2015 8 Days
7,313 m²
2
2
1
2015 10 Days
252 m²
3
2
13 Days
1
2
1
$330
Oct
2015
1
9 HUGHES ST $430 per
Oct
1
4
$380
77 LEUMEAH RD
3
575 m²
Oct
$450
556 m²
7 Days
25 WESTMORELAND RD
Oct
10 CARRINGTON CCT
12 Days
-
2015
$385
Oct
2015
1
541 PEMBROKE RD $480
8 Days
$450
Oct
161 WYANGALA CRES
2015
134
Oct
651 m²
3
1
1
2015 18 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
740 m²
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.
54 KIPPAX AVE
40 CORUNNA AVE
10 BRADFIELD ST
$550
$600
Oct
2015 20 Days
Sep
376 m²
3
2
3
17 LOORANA RD
2015 50 Days
Sep
635 m²
3
Aug
60 Days
3
1
1
1
2015 75 Days
1
2015 83 Days
3
1
1
4
1
76 Days
601 m²
3
2
127 Days
1
1
$400
Jul
816 m²
3
1
2
2015 98 Days
645 m²
3
1
1
1/4 ONSLOW PL $420
Jun
563 m²
2015
$370 / Wk
2015
2
2 WALLIS ST
4 WORONORA AVE
Jul
2
Aug
575 m²
$400
110 Days
4
$440
13 WATT ST
2015
563 m²
$370
Aug
2
55 Days
$360 per
101 WYANGALA CRES
Aug
297 m²
2015
39 LINDESAY ST
$330 p.w.
78 Days
2
Aug
714 m²
41 AMUNDSEN ST
2015
2
20 LUGARNO AVE $380 Weekly
2015
$450 Per
May
582 m²
3
1
2
2015 155 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
720 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.
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