Moss Vale Property Watch Q1 2014 Moss Vale Market Overview The following Property Watch report is a result of an investigation into the historic and current market trend of the Moss Vale residential property market for a ten year period ending December 2013. Located in the southern highlands of New South Wales approximately 70 kilometres south-west of Wollongong, Moss Vale has a built a strong reputation around its agriculture and commerce industries to be home for approximately 8,000 residents. There is evidence of acute affordable housing in Moss Vale and the Local Government Council of Wingecarribee has held several workshops since 2010 in a bid to mapping out a strategic plan to address the issue. This report will attempt to shed light on these issues through analysis of house and vacant land sales cycle.
Moss Vale House and Vacant Land Sales Cycle House Sales
House Price Point Chart
$500,000 2011 NOV
At least $500,000
$400,000 $450,000 to $499,999
Median sale price
Number of sales
$400,000 to $449,999
$350,000 to $399,999
$300,000 to $349,999
$250,000 to $299,999
$200,000 to $249,999
Less than $200,000
$0 2003 DEC
Proportion of total sales
Half year period
A look at the house sales cycle shows that in the six month period ending December 2013, 115 transactions were made resulting in a marginally smaller number than the five year average of 118 transactions. This sales consistency has resulted in some median price growth as evidenced by the house price points chart displaying noticeable shifts in the over $450,000 paired with some contraction in the markets under $350,000 since November 2011. The Moss Vale vacant land market has for the most part tracked parallel with the housing median price over the past five years. However, in the six month period to December 2013, increased disparity between the markets was evidenced, potentially attributed to investor market in the entry level vacant land market, paired with the increased enthusiasm of houses over $450,000 recording 35 per cent market share. There is evidence of unaffordability in the house price point sub group $300-500,000 which could be overturned by providing more affordable houses for residents in the area.
KEY HIGHLIGHTS HOUSE Moss Vale recording five per cent annual growth since 2008 to close the 2013 calendar year with a median price of $390,000. VACANT LAND The vacant land market witnessed consistent median price growth to record a 5.5 per cent per annum increase over the past five years.
PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research ÂŠ All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. ÂŠ 2014
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PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2013