Narellan
MARKET REPORT QUARTERLY - OCTOBER 2015
02 4624 4400
www.prudential.com.au
WHAT’S HAPPENING IN YOUR LOCAL PROPERTY MARKET? What a wild ride! Hi it’s Nick Gauci here from Prudential Real Estate. Wow, what a rollercoaster the Macarthur
71 Governors Way, Macquarie Links, $1,550,000 -
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.
$1,650,000 and Lot 5319 Austen Boulevard, Spring Farm $400,000 - $430,000.
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 homesas many as 70 people at every open! 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. With spring in the air we are seeing an influx of properties listed on the local market. This is great news for buyers and vendors looking to sell, with greater choice of properties available. Some recently listed gems on the market include:
2
www.prudential.com.au
Although foot traffic at open homes has slowed a little we are still seeing quality buyers out and about and strong prices being achieved. Recent sales achieved in the area attest to the quality of buyers in the market with 6 Purcell Street, Elderslie achieving a mind-blowing $1,280,000. Other noteworthy sales include 9 Delaware Road, Spring Farm, selling for $680,000 and 2 Fishburn Place, Narellan which sold for $650,000. 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
23 Ingham Street, Spring Farm SOLD BY $670,000 with the skyrocketing demand for registered 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.
NICK GAUCI 0421 639 638
FOR PROPERTY ADVICE AND HELP IN NARELLAN AND SURROUNDING SUBURBS
3
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
88
$ 479,900
15.6 %
$ 120,000
$ 635,000
2015
34
$ 593,500
23.7 %
$ 115,000
$ 1,370,000
Median Sale Price
$555k
Based on 54 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
+20.7%
Current Median Price: $555,000 Previous Median Price: $460,000 Based on 142 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.
NARELLAN - Peak Selling Periods
NARELLAN - 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.
NARELLAN - Median Weekly Rents (Houses) Suburb Sale Price Growth
+20.7%
Current Median Price: $555,000 Previous Median Price: $460,000
Based on 142 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.0%
Current Median Price: $555,000 Current Median Rent: $430
Based on 66 registered House sales compared over ther last 12 months.
NARELLAN - Median Weekly Rents (Units) Suburb Sale Price Growth
-13.8%
Current Median Price: $340,000 Previous Median Price: $394,500
Based on 11 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+5.6%
Current Median Price: $340,000 Current Median Rent: $365
Based on 6 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.
NARELLAN - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 54 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $555,000 Previous Median Price: $460,000
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 142 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
$555k
+20.7%
2 FISHBURN PL
9 COGHILL ST
3 CLINTON DR
$650,000
Oct
2015 28 Days
$860,000
Oct
676 m²
3
2
1
58 SIRIUS CCT
2015 27 Days
3
N/A
613 m²
4
2
2
2015 N/A
4
1
1
757 m²
3
1
$699,000
696 m²
4
2
2
2015 N/A
484 m²
-
23 Days
-
-
6 HANGER PL $630,000
2015
1
Sep
Aug
697 m²
26 Days
$699,000
32 SIRIUS CCT
Aug
2015
77-83 LORIMER CRES
$551,000
7 Days
1
Sep
28 WOODLAND CRES
2015
1
LOT 4 LODGES RD
Sep
$590,000
Sep
992 m²
$700,000
2015
54
$627,500
Aug
577 m²
4
2
2
2015 9 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
664 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.
1 RICHARDSON RD
22 DONCASTER AVE
77-83 LORIMER CRES
$661,000
Aug
2015 32 Days
$665,000
Aug
746 m²
3
1
2
17 SOMERSET AVE
2015 N/A
Aug
645 m²
3
Aug
11 Days
708 m²
-
-
-
2015
4
2
1
104 QUEEN ST
7 Days
765 m²
4
2
2
2015 80 Days
4
2
2
9 Days
-
8 Days
702 m²
5
2
1
$515,000
Aug
696 m²
4
1
-
2015 39 Days
233 m²
3
1
1
2 LISA CL
Jul
702 m²
2015
$595,000
2015
-
$650,239
$550,000
88 QUEEN ST
Aug
31 Days
-
9 SUNNYDALE PL
$592,000
2015
495 m²
Aug
Aug
683 m²
N/A
$650,000
58 RICHARDSON RD
Aug
2015
20 BORROWDALE CL
$595,000
12 Days
2
Aug
14 HOVELL ST
2015
1
53 WILSON CRES $115,000
2015
$699,000
$502,500
Jul
653 m²
4
1
2
2015 2 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
552 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.
NARELLAN - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 66 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $555,000 Current Median Rent: $430
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 54 recorded House sales and 66 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+4.0%
$430 /w
8 SOPHIA ST
1 SIRIUS CCT
22 DONCASTER AVE
$520
$530
Oct
4
10 Days
2
2
58 SIRIUS CCT
2015 13 Days
Oct
602 m²
4
Oct
613 m²
4
2
2
1
645 m²
3
2015 26 Days
2
151 Days
2
Sep
745 m²
3
1
2
2015 39 Days
771 m²
3
1
2
23 CLINTON DR $450 Weekly
2015
1
$430 per
May
4
18 Days
$445
249 CAMDEN VALLEY WAY
Aug
1,317 m²
2015
7 RUDD ST
$500 per
78 Days
2
Oct
48 VALLEY VIEW DR
2015
2
78 WOODLAND CRES $575 Weekly
19 Days
$450
Oct
2015
2015
66
$420
May
4,349 m²
3
1
2
2015 175 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
700 m²
3
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.
1/9 LODGES RD
6 AUBERT ST
23 CLINTON DR
$375 Per
$550
May
2015 179 Days
Mar
2,531 m²
2
1
1
8 HOVELL ST
2015 211 Days
Feb
653 m²
5
4
1
1
2014 451 Days
4
1
-
2014 489 Days
3
1
904 m²
3
2
538 Days
1
1
Jun
701 m²
3
2
1
2014 504 Days
843 m²
2
1
2
7 MOUNTAIN VIEW PL $500 per
May
696 m²
453 Days
$450
2014
-
$340 per
4 FISHBURN PL
May
1
254 CAMDEN VALLEY WAY
$410
523 Days
2
2014
$470 per
4 ST JAMES PL
2014
2
Jun
2
3
$370
2 CAMBRIDGE PL
Jul
702 m²
700 m²
Jul
473 m²
$300 per
456 Days
243 Days
8 HAMILTON PL
Aug
702 m²
14 WILSON CRES
2014
1
2015
575
Dec
320 Days
2
9 LORIMER CRES $420
2014
$420
Mar
618 m²
3
1
2
2014 588 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
686 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 4624 4400
www.prudential.com.au