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Ingleburn Market Update 1st Half 2025

In Q4 2024, Ingleburn* recorded a median house price of $1,050,000and a median unit price of $585,000.This is a 12-month (Q4 2023- Q4 2024) price growth of 20.7% for houses and 4.5%for units. Comparing Q4 2023 and Q4 2024,total sales declined by -25.1% for houses (to 328sales in Q4 2024)and by -7.1% forunits (to 118sales in Q4 2024) This confirms there is an undersupplied market, particularly forhouses, which creates a buffer against higher interest rates. With continuous price growth, this is an ideal opportunity for owners to capitalise on investments There is a significant amount of new stock planned; however, this will take time to build. 45 $1.05M $585K

FROM LAST

MEDIAN PRICE HOUSE RENTAL PRICE

PRICE Q4 2024

Ingleburn£ will see approximately$1.7B ofnewprojectscommencing constructionin2025

PRICE Q4 2024

AVERAGE DAYS ON MARKET Q4 2024

There are multiple residential and mixed-use projects planned for 2024 that will help boost supply, including:

• 1 Bugden Place Mixed Use Buildings Stages 1 & 2(761 Apartments)

• 22-23Queen Street Mixed Use Development (558 Apartments)

• 62Central Avenue Appartements – Oran Park Residential Buildings 3A & 3B(177 Apartments)

• Tranche 26 Oran Park Dwellings & Residential Subdivision Stages 1-3 (73 Dwellings & 59Residential Lots)

There is a significant amountof incoming ready-to-go supply in the pipeline. This will be greatly beneficial in answering current demand and will assist in ensuring a more sustainable price growth in the Ingleburn area.

AVERAGE VENDOR DISCOUNT*

Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.

Average vendor discounts between Q4 2023and Q4 2024 have further widened, to a discount of -4.3% for houses. This indicate the market continuing to favour the buyer.A similar trend is seen in the unit market, with buyers now averaging a -5.5% discount. It is interesting to see that there is still a discount even in an undersupplied market. Considering a high amount in the number of ready-tosell stock planned for 2025,discounts are expected to continue along this trend.

The suburb of Ingleburn has moved on par with the wider Campbelltown Local Government Area (LGA) in median house price for the past 5 years. This trend has continued in 2023and 2024 The same trend is evident for units, with both the suburb and LGA growing at the same pace.

Most of the homes sold in Ingleburn* across 2024were spread across the most affordable price bracket of $899,999and below (30.0%) and the premium price point, of $1.2Mand above (23.7%). Similarly, units had most sales (31.3%) in the premium price point of $650,000and above, with strong sales (25.5%) in the affordable price point of less than $499,999.Thus, a home for every budget

MARKET COMPARISON

The market comparison graph provides a comparative trend for median price of houses and units over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Ingleburn.

PRICE BREAKDOWN 2024

to $549,999

to $599,999 $600,000 to $649,999 $650,000 and above

RENTAL GROWTH 2025€

House rental yields in Ingleburn¥ was 3.4%as of December 2024, which is slightly above the Campbelltown LGA (3.4%) and Sydney Metro (2.7%) average. Further, median house rental price in Ingleburn¥ increased by 7.7% in the past 12 months to Q4 2024,at $700per week. In the same timeframe the number of houses rented also increased, by 18.5%(to 615 houses in Q4 2024). This indicates a highly demanded house rental market in Ingleburn¥ .

3-bedroom houses have provided investors with +9.1%rental growth annually, achieving a median rent of $600per week.

Ingleburn¥ recorded a vacancy rate of 1.6% in December 2024,below the Campbelltown LGA average of 2.7% and Sydney Metro’s 2.1%. Vacancy rates have fluctuated in the past 12 months, but overall showed an increasing trend, due to more investors entering the market. However, a 1.6% vacancyrate is still below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental homes in Ingleburn¥. This suggests a conducive environment for investors, even with a higher entry price in the past 12months to Q4 2024.

RENTAL VACANCY RATES 2025

Ingleburn (2565) Campbelltown LGA Sydney Metro REIA 'Healthy' Benchmark

Ingleburn (2565)¥

PROJECT DEVELOPMENT MAP 2025 ₳

INGLEBURN

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REFERENCES

* Ingleburn sales market data and key indicators encapsulates aggregate property market conditions within the suburbs of Bardia, Ingleburn, Denham Court, Macquarie Fields, Minto, Campbelltown, and Oran Park.

** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.

# 2024 encapsulates sales transactions for the 2024 full year (01/01/2024 – 31/12/2024).

€ Annual rental growth is a comparison between Q4 2023 (01/10/2023 – 31/12/2023)and Q4 2024 (01/10/2024 – 31/12/2024) house median rent figures.

¥ Ingleburn rental market data encapsulates aggregate property conditions within the postcode of 2565.

§ Rental yields shown are as reported as of December 2024.

₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.

£ Projects refers to the top developments within the suburb of Bardia, Ingleburn, Denham Court, Macquarie Fields, Minto, Campbelltown, and Oran Park.

µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.

ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.

Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.

Disclaimer: PRD 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. PRD 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.