Rosemeadow
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 Adam Bryant 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
14 Hamlet Crescent, Rosemeadow SOLD BY $510,000 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.
ADAM BRYANT 0433 966 703
FOR PROPERTY ADVICE AND HELP IN ROSEMEADOW AND SURROUNDING SUBURBS
3
ROSEMEADOW - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
200
$ 112,000
0.0 %
$ 1,200
$ 1,351,500
1998
185
$ 120,000
7.1 %
$ 5,000
$ 1,681,660
1999
232
$ 120,000
0.0 %
$ 1,650
$ 265,000
2000
205
$ 150,000
25.0 %
$ 53,000
$ 395,000
2001
216
$ 185,000
23.3 %
$ 45,500
$ 375,000
2002
180
$ 240,000
29.7 %
$ 28,000
$ 620,000
2003
189
$ 287,500
19.8 %
$ 25,000
$ 545,000
2004
116
$ 310,500
8.0 %
$ 100,000
$ 483,900
2005
105
$ 290,000
-6.6 %
$ 105,000
$ 725,000
2006
88
$ 280,000
-3.4 %
$ 100,000
$ 760,000
2007
103
$ 280,000
0.0 %
$ 10,000
$ 425,000
2008
82
$ 272,500
-2.7 %
$ 77,000
$ 650,000
2009
135
$ 306,500
12.5 %
$ 50,000
$ 627,500
2010
86
$ 303,500
-1.0 %
$ 100,000
$ 495,000
2011
106
$ 313,250
3.2 %
$ 15,000
$ 457,500
2012
78
$ 330,000
5.3 %
$ 165,000
$ 691,000
2013
108
$ 350,000
6.1 %
$ 13,352
$ 820,000
2014
130
$ 400,000
14.3 %
$ 4,000
$ 860,000
2015
82
$ 483,500
20.9 %
$ 105,960
$ 890,000
Median Sale Price
$465k
Based on 115 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
+19.0%
Current Median Price: $465,100 Previous Median Price: $391,000 Based on 245 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.
ROSEMEADOW - Peak Selling Periods
ROSEMEADOW - 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.
ROSEMEADOW - Median Weekly Rents (Houses) Suburb Sale Price Growth
+19.0%
Current Median Price: $465,100 Previous Median Price: $391,000
Based on 245 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.4%
Current Median Price: $465,100 Current Median Rent: $390
Based on 97 registered House sales compared over ther last 12 months.
ROSEMEADOW - Median Weekly Rents (Units) Suburb Sale Price Growth
+10.9%
Current Median Price: $365,000 Previous Median Price: $329,250
Based on 41 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.8%
Current Median Price: $365,000 Current Median Rent: $340
Based on 16 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.
ROSEMEADOW - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 115 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $465,100 Previous Median Price: $391,000
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 245 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
$465k
+19.0%
34B GLENDOWER ST
193 COPPERFIELD DR
4 REYNALDO PL
$460,000
Oct
2015 18 Days
$510,000
Oct
364 m²
3
1
1
6 LEONTES CL
3
34 Days
576 m²
4
1
1
2015 24 Days
-
-
-
626 m²
3
24 Days
1
$492,500
688 m²
3
1
1
2015 34 Days
564 m²
4
1
1
6 CANIDIUS ST $497,000
2015
1
Sep
Sep
560 m²
N/A
$571,000
8 DESDEMONA ST
Sep
2015
73 LORENZO CRES
$510,000
N/A
3
Oct
19 JUBILEE CCT
2015
1
31 ARCHIBALD CRES
Oct
23 Days
$380,000
Oct
2015
$532,500
2015
115
$570,000
Sep
582 m²
3
1
-
2015 25 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
600 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.
10 AGRIPPA ST
9 PROSPERO CL
76 ARCHIBALD CRES
$510,000
Sep
2015 17 Days
$242,500
Sep
606 m²
3
1
2
31 ANTHONY DR
2015 N/A
Sep
783 m²
4
Aug N/A
585 m²
-
-
-
2015
3
1
1
7 CALIBAN PL
51 Days
572 m²
4
1
1
2015 5 Days
3
1
1
34 Days
1
11 Days
723 m²
3
1
2
$573,000
Aug
598 m²
4
1
1
2015 N/A
561 m²
3
1
1
17 MARIAN DR
Aug
901 m²
2015
$660,000
2015
1
$575,000
$571,300
3 FLAVIUS ST
Aug
30 Days
3
29 FITZGIBBON LANE
$541,000
2015
512 m²
Aug
Aug
682 m²
25 Days
$528,000
4 FERDINAND PL
Aug
2015
35 HORATIO ST
$520,000
7 Days
2
Aug
57 LORENZO CRES
2015
1
56 ANTHONY DR $503,000
2015
$560,000
$788,500
Aug
523 m²
4
2
2
2015 40 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
655 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.
ROSEMEADOW - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 97 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $465,100 Current Median Rent: $390
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 115 recorded House sales and 97 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+4.4%
$390 /w
34B GLENDOWER ST
34B GLENDOWER CL
31 ARCHIBALD CRES
$380
$380 Weekly
Oct
2015 3 Days
Oct
364 m²
3
1
1
12 GADSHILL PL
3
4 Days
3
1
1
2015 17 Days
606 m²
3
1
2
2
2015 19 Days
1
1
17 Days
307 m²
3
1
1
ROSEMEADOW $370
Oct
2
2015
$375
Oct
5
4
Oct
8B MONTAGUE PL
612 m²
688 m²
$390
Oct
350 m²
7 Days
27 GADSHILL PL
$700
18 Days
1
2015
$390
29 CANIDIUS ST
2015
1
10 AGRIPPA ST
Oct
15 Days
$450 Per
Oct
2015
$350
2015
97
Oct
3
1
1
2015 25 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
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.
FABIAN PL
3 TITANIA PL
4A VALENTINE PL
$370 Weekly
Oct
2015 25 Days
$470
Sep
651 m²
3
1
-
3 CORDELIA ST
2015 34 Days
Aug
508 m²
4
3
1
-
2015 165 Days
3
1
1
25 CAWDOR PL
2015 279 Days
3
1
2015 207 Days
600 m²
3
1
417 Days
1
3
Oct
759 m²
4
2
1
2014 364 Days
655 m²
2
1
2
27 GADSHILL PL $380 per
Sep
645 m²
$400 per
$460 p.w.
2014
1
$330
14 MARIAN DR
Sep
1
17 MARIAN DR
385.00 Per
405 Days
1
Jan
3
3
$440
Mar
2014
1
5 IRAS PL
602 m²
632 m²
Apr
612 m²
$375
215 Days
81 Days
24 LORENZO CRES
May
562 m²
1/8 VERNON CL
2015
2
2015
$370 Weekly
May
151 Days
2
59 DEMETRIUS RD $360
2015
$380 Weekly
Jul
567 m²
3
2
1
2014 453 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
307 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