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Oatley Property Watch Q1 2014 Oatley Market Overview The following property watch is the result of an investigation into the historic and current residential real estate market trends of Oatley located across the local government jurisdictions of Kogarah and Hurstville Council’s. Oatley is located approximately 18 kilometres south of Sydney’s CBD and is set along Georges River providing residents a village lifestyle within the hustle of greater Sydney. With direct access to waterways and parks Oatley provides a clean and safe community with ample connectivity and services. In this property watch reports, house and unit sales cycle are analyzed and supported for the ten year period to November 2013. In the house sales cycle chart, it becomes evident that the house median price rose sharply in the beginning of November 2012 and attained a peak six months later before again declining to close November 2013. In this five year period to November 2013, the Oatley house market has recorded a 3.8 per cent annual median price growth rate as well as annual sales increase of 9.8 per cent to register a five year average of 59 transactions.

Oatley House and Unit Sales Cycle Overview House Sales

Unit Sales

House Median

House Price Point Chart

Unit Median

140

$1,200,000 2009 NOV

120

At least $1,400,000

$1,000,000 $990,000

44 36

80

48

35

42

33

$800,000 $642,500

34 42 25

60

40

38

40

29

$600,000

35 37

34 30

21

$400,000

20

80

60

50 41

20

48

75

69

62

57 48

47

47

46

45

67

63 51

8%

$1,200,000 to $1,299,999

1% 2%

$1,100,000 to $1,199,999

5%

$1,000,000 to $1,099,999

$200,000

46

34

Less than $800,000

Heading

2013 NOV

2013 MAY

2012 NOV

2012 MAY

2011 NOV

2011 MAY

2010 NOV

2010 MAY

2009 NOV

2009 MAY

2008 NOV

2008 MAY

2007 NOV

2007 MAY

2006 NOV

2006 MAY

2005 NOV

2005 MAY

2004 NOV

2004 MAY

$0

2003 NOV

0

5%

9%

8%

9%

14%

6%

28%

17%

11%

28%

15%

13%

19%

33%

20%

3%

9%

4%

0%

15%

10%

2% 2%

20%

2013 NOV

9%

5%

20%

$800,000 to $899,999

2012 NOV

11%

7%

8%

$900,000 to $999,999

75 65

2011 NOV

14%

$1,300,000 to $1,399,999

28%

18%

13%

27%

40%

25%

60%

9%

80%

100%

Proportion of total sales

Half year period

Over the previous five year period, the Oatley unit market has witnessed sound growth reporting an annual increase of 6.3 per cent in median price growth to close the November 2013 period at $642,500. Observing the unit price point chart, it becomes evident why this recent increase has taken place. In the five years since November 2009, the Oatley unit market has recorded a 23 per cent increase in sales over $800,000 paired with contractions in the sub-$500,000 market registering a dramatic 60 per cent decline to deem the sub-$500,000 unit market almost nonexistent. As well as the increasing median price across house and unit markets, the Oatley rental market has similarly registered sound increase in asking rents. Investment return for landlords has remained very strong with weekly rental prices recording $600/wk for a 3-bed house and $400/wk for a 2-bed unit entering 2014 – up on neighboring localities. The Oatley residential market has made some consistent progress in both house and unit markets over the past ten years and with no dramatic changes forecast for region and the Sydney market performing as is, we can anticipate continued returns for the savvy investor.

Unit Price Point Chart 2009 NOV At least $800,000

4%

$700,000 to $799,999

Price point

Number of sales

55

Price point

55

Median sale price

51

100

2010 NOV

9%

2010 NOV

3% 3%

7%

$600,000 to $699,999

5% 3%

$500,000 to $599,999

16%

$400,000 to $499,999

3%

6%

31%

23%

28%

56%

20%

14%

22%

18%

0%

2013 NOV

27%

9%

9%

2012 NOV

6%

9%

49%

Less than $400,000

2011 NOV

51%

21%

40%

30%

60%

33%

3%

80%

6%

5%

2%

100%

Proportion of total sales

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. © 2014

Oatley Property Watch Q1 2014  
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