Wednesday 7th August Time: 7pm The Hunter Room Panthers World of Entertainment 123 Mulgoa Road, Penrith
2Ďł47 AND 2Ďł50 POSTCODES DAYS ON MARKET
2747 AND 2750 POSTCODES UNIT SALES CYCLE 600
$350,000
SIX MONTHS TO JUNE 2013
Number of sales Median
$288,000
500
$300,000
120 days plus 15% $250,000
$200,000 300 $150,000
483
200
375 291
290 229
100
293
281 214
288
234
220
391 308 268
263
270
$100,000 291
242
263
2013 APR
2012 APR
2012 OCT
2011 OCT
2011 APR
2010 APR
2010 OCT
2009 APR
2009 OCT
2008 APR
2008 OCT
2007 OCT
2007 APR
2006 APR
2006 OCT
2005 APR
2005 OCT
2004 OCT
$0
2004 APR
30 days or less 46%
$50,000
0
2003 OCT
90 to 120 days 10%
259
161
2003 APR
Median sale price
Number of sales
400
60 to 90 days 23% 30 to 60 days 6%
Half year period Prepared by PRDnationwide Research. Source: PDS
The unit price cycle began to improve in 2008 with the median price rising by 6.7% in the last 12 months alone. Since the October quarter stock levels have steadily declined and an immediate impact on price was registered. 30% of unit sales are within the $300,000 - $349,999 price point. A significant increase from previous years, indicating buyers are looking for newer or renovated properties.
PAGE 2
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46% of unit sales in the last 6 months sold in 30 days or less. The component of stock that remained on the market for 120 days or more was minimal compared to other markets across NSW. Lower stock levels, increased rental yields and lack of new projects have all contributed to an active market with excellent prospects for future growth.
379 High Street, Penrith
The
Boom
SALE
How can I buy at the Boom Sale? Why the Boom Sale? In the past we have bought you the Clearance Sales and Red Alert. These sales represented the state of the Real Estate market at the time. “There were more sellers than buyers. Days on market were up over 60. Prices were stagnant. Investors were not interested”. Today all of the above factors have been turned on their head. “We have way more buyers than sellers. Days
on market for units are under 10! Prices in some markets are rising weekly. Investors make up 70% of the market!” Research, the media and industry experts are all predicting 2013 is the year that Penrith will experience dramatic price increases. Local agents, Valuers and Solicitors all agree that we have already seen prices begin to rise. The question is if you don’t buy now how much will it cost you by this time next year?
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The sale will be held in the “Hunter Room” Panthers World of Entertainment, 7pm on the 7th August 2013. We understand today’s lifestyle makes time management an impossible task so the sale will be live streamed around the world making it possible for you to bid from the comfort of your lounge room or office. Technology is great for making life manageable however it won’t give you a feel for how much your competitors at the sale really want the same property as you. To get the full experience, as in anything in life, you just can’t beat attending on the night. Genuine offers before the sale may be considered. All of our vendors are spending money to sell their properties by the deadline date of 7th August. They are serious about selling at today’s price. The question is, are you serious about investing in your fi nancial future?
379 High Street, Penrith
PAGE 3
211
Entry Level Investment
TO BE SOLD
Penrith 1/16 Thurston Street Two bedroom units in this marketplace can range in price from low $200,000’s right up and exceeding $300,000. This opportunity will be at the more affordable end but is still packed with value. Prime location with the centre of CBD and the new ‘Thornton Development’ only moments away. • Small complex of 8
• Lock up garage
• First floor location
• Renovated kitchen and bathroom
• Front position, north facing
• Rent potential $285 per week
PAGE 4
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/prdpenrith
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 11-11.45am
PRDnationwide Penrith 1800 BUYING prd.net.au
379 High Street, Penrith
211
The Perfect Start for your Investment Portfolio
TO BE SOLD
Penrith 11/11-13 Hemmings Street This neat and tidy unit is situated in a popular location in a secure complex with well maintained grounds. Located close to Penrith CBD and public transport. This property offers views west to the mountains and south over Penrith. Investors have the opportunity for the current long term tenant to stay on. • Two bedrooms
• Split system air conditioner
• Additional secure storage
• Single lock up garage
• Built in wardrobes to both bedrooms
• Internal laundry
www.prd.net.au
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 11-11.45am
PRDnationwide Penrith 1800 BUYING prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 5
211
Much more than your standard unit
TO BE SOLD
Penrith 5/3 The Crescent In fact, I think ‘terrace’ best describes this two bedroom property that has both impressive dimensions and a standout floor plan totaling 87sqm - that’s big! Set over three levels the chance to create more value is on offer with a trendy renovation. A must see. • Single lock-up garage • Two bedrooms • Own personal foyer
• Great natural light and outlook
• Close to CBD and ‘Thornton Developments’
• Rent potential of $300 per week
PAGE 6
www.prd.net.au
/prdpenrith
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 11-11:45am
PRDnationwide Penrith 1800 BUYING prd.net.au
379 High Street, Penrith
211
WOW!!!!
TO BE SOLD
Jamisontown 11/17 Preston Street That is the only word that truly describes this amazing, fully renovated top floor apartment. It even has a balcony with roll down shutters to create a private outdoor room. Tastefully styled with the finest quality fittings and stunning décor. Gourmet kitchen is an entertainer’s delight. Large open plan living area. • Plenty of internal storage • 2 good size bedrooms • Ducted air conditioning
• Well maintained complex
• Remote access lock-up garage
• Potential for $350 per plus
www.prd.net.au
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 12-12:45pm
PRDnationwide Penrith 1800 BUYING prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 7
Competitive fixed price packages for all your conveyancing needs At Adams & Partners our property team makes one promise, we will p o de yyou ou with t our best every time. Our firm has been built upon the provide basis of looking g after our clients. The goal of our whole department is to provide friendly friend d and efficient service to all of our clients.
Contact our Conveyancing Team % 4722 6600 443 High St Penrith www.adamslawyers.com.au
311
Sought after single level villa
TO BE SOLD
Penrith 8/58-60 Castlereagh Street You’re not limiting your marketplace when a property is set over a single level and with more tenants liking the opportunity - the better the return will be. This villa is single level and has a paved low maintenance courtyard and has had the third bedroom adapted to suit a range of purposes. • Three bedroom floor plan
• Lock-up garage with internal access
• Ducted air-conditioning
• Lovely well designed complex
• Walk to shops in less than 5 minutes
• Rent potential $340 per week
www.prd.net.au
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 12-12:45pm
PRDnationwide Penrith 1800 BUYING prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 9
432
4 Bedroom Duplex
TO BE SOLD
Glenmore Park 24/10 Paperbark Close Situated in a quiet cul-de-sac this stunning home is nearing completion. With 2 balconies and a huge courtyard there is plenty of room to relax and enjoy. Room to park a caravan or boat. Enjoy sweeping mountain views from the upstairs balcony. Private and secure. Quality Throughout. Ideal long term investment! • 3 bathrooms
• Built ins plus huge walk-in robe
• 2 main beds with ensuites
• Garage plus parking for 2
• Communal BBQ area
• Internal storage
PAGE 10
www.prd.net.au
/prdpenrith
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 2-2.45pm
PRDnationwide Penrith 1800 BUYING prd.net.au
379 High Street, Penrith
Artist Impression 322
Buy today off the plan!
TO BE SOLD
Kingswood 1/45 Jones Street Due for completion in early 2014 this is a great chance to buy at today’s prices and benefit from the rising market. Well known local builder. Only 7 in the complex and 6 are already sold! Fantastic high demand location within easy walk of Railway, Nepean Hospital and the University of Western Sydney.
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 1-1:45pm
• 3 bedroom, ensuite and built-ins
• Private courtyard
PRDnationwide Penrith
• Double garage
• Open plan design
• Ducted air-conditioning
• Quality inclusions
1800 BUYING prd.net.au
www.prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 11
You see the child, we see the potential We are in the business of getting to know people and building choices into their lives. Synergy Accounting
p: 02 4732 6555 e: admin@synacc.com.au w: www.synacc.com.au
Business advisers | Accountants | Financial Planners
111
You won’t believe the size!
TO BE SOLD
Jamisontown 8/29-35 Preston Street This amazing apartment has huge living area’s making it ideal for professional couples. The architect sacrificed a bedroom to provide more space to live. Lovely modern complex close to Panthers with intercom security access and sunny central balcony. Currently rented for $315 per week. • Lock-up garage
• High yield rent return
• Lift access
• Amazing gourmet kitchen
• Private balcony
• Spacious 9ft ceilings
www.prd.net.au
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 12-12:45pm
PRDnationwide Penrith 1800 BUYING prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 13
322
Crown on Higgins!
TO BE SOLD
Penrith 7/18-24 Higgins Street Luxuriously appointed executive apartment in highly sought after location. Lift access from the basement. Spacious open plan layout with sliding door access to private courtyard. Great Central location. Only 2 minutes walk to the main street and 5 minutes to the Railway Station.
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 1-1:45pm
• 3 bedrooms all with b-ins
• Ducted air conditioning
PRDnationwide Penrith
• Ensuite to the main
• Rent return of $400 per week
• 2 parking spaces + storage
• Stone bench tops
1800 BUYING prd.net.au
PAGE 14
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379 High Street, Penrith
322
Top Floor Apartment
TO BE SOLD
Penrith 31/282 High Street This huge open plan apartment is located right in the heart of town. Modern complex with lift access. Enjoy city living in a quiet peaceful environment. Stylish decor with latest appointments including floating floors and a huge wrap around decked balcony. Represents excellent value. • 3 bedrooms all with b-ins
• Rent return of $400 plus per week
• Ensuite bathroom
• Air conditioning
• 2 parking spaces
• Gas appliances
www.prd.net.au
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 1-1:45pm
PRDnationwide Penrith 1800 BUYING prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 15
In today’s competitive lending market you can literally save tens of thousands just by making sure you have a competitive loan available at any given time. Banks and Lenders constantly change the products they offer and sifting through the information is costly and time consuming.
That’s why you need me!
I have access to over 30 lenders with competitive packages to suit your needs, starting with variable rates from 4.99%*. This service if free of charge to you. *conditions apply
Call David Seager - Prestige Mortgages - 0411 107 776 David Seager of Prestige Mortgages is an authorised Credit Representatives of Mortgage Wisdom Australia Ltd – Australian Credit Licence no. 377272 - Credit Representative Number: 376276.
321
Everything you need in one complex
TO BE SOLD
Liverpool 4/4 Riverpark Road This town house is sure to tick all the boxes. Located within a five minute walk to Liverpool Railway station and Westfield Shopping Centre. Relax by taking a short stroll to the river and serene parkland settings. A must to inspect if you are looking for a complete lifestyle experience.
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 3-3:45pm
• 3 bedrooms, 2 bathrooms
• Single garage–internal access
PRDnationwide Penrith
• Lounge, dining and kitchen
• Internal laundry and 2nd W/C
• Private courtyard
• Tennis court and pool
1800 BUYING prd.net.au
www.prd.net.au
/prdpenrith
379 High Street, Penrith
PAGE 17
322
Brand new - nearing completion
TO BE SOLD
Glenmore Park 25/10 Paperbark Close Be the first to own this spectacular duplex situated in a quiet cul-de-sac. Everything about this one is bigger than average. Seperate lounge and dining, huge bedrooms, 2 balconies plus courtyard and upstairs mountain view. Room for extra off street parking. The ideal property for those looking to downsize.
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
Saturday 2-2:45pm
• 3 enormous bedrooms
• Ducted air
PRDnationwide Penrith
• Walk in robe plus storage
• Potential for $480 per week
• Garage plus 2 parking spaces
• Full depreciation schedule
1800 BUYING prd.net.au
PAGE 18
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379 High Street, Penrith
IN 16 8 SO W L EE D K S
Projects
Projects sales in the Penrith market have been steadily increasing all year. In May our team negotiated $2,913,800 worth of sales. By June, this figure rose to $4,377,000. July is already showing signs of eclipsing this amount. Darren Latty We are currently marketing projects in Kingswood, 0414 620 532 Penrith, Werrington and Glenmore Park. Enquiry is darren@prd.net.au at record levels across all sections of the market. Investors currently make up 40% of sales. First Home buyers make up the bulk of enquiry. The problem is there is absolutely no stock in the $300,000 - $400,000 range. Developers are on the phone daily trying to source land for development. We desperately need well positioned high density units close to transport. Our database of qualified buyers has seen off the plan sales succeed, where in the past, developers have had to rely on Investment Company sales. The level of demand from developers indicates that their Research is telling them the same as ours is. Prices are on the rise, activity is strong right across the market and the simple fact is now is the time to buy, buy, buy!
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379 High Street, Penrith
PAGE 19
TO BE SOLD
Residential Development Site! Penrith 6 & 8 John Tipping Grove
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm By Appointment
KEY ATTRIBUTES
ZONING OBJECTIVES
• Total area 1290sqm with a wide 30m frontage.
• Situated in the proposed R4 residential precinct.
View
• Fantastic central location only 500m to Westfields Penrith.
• Proposed to provide high density housing in close proximity to major amenities.
PRDnationwide Penrith
• Two rentable homes.
• Currently zoned 2D low-medium density.
• Stunning mountain views.
Darren Latty Sales Team, 0414 620 532 darren@prd.net.au
• High demand location that ticks all the boxes for all markets.
PAGE 20
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379 High Street, Penrith
TO BE SOLD
Centre of Town
Penrith 42 & 44 Station Street KEY ATTRIBUTES • 29m frontage to Station Street and 39m frontage to Henry Street with a total area of 1182sqm.
• To be sold as a going concern with vendor lease back at attractive terms. ZONING OBJECTIVES
• 500m to Penrith Railway Station, diagonally opposite westfields.
• Zoned B3 under review for the planned Penrith CityWide Local Environmental Plan.
• Key corner site with unrivalled exposure and access to amenities.
• To provide a wide range of services and activities in line with it’s key commercial core location.
www.prd.net.au
/prdpenrith
Date
Wednesday 7th August 2013,
Venue
Panthers World of Entertainment ‘The Hunter Room’ at 7pm
View
By Appointment
PRDnationwide Penrith Darren Latty Sales Team, 0414 620 532 darren@prd.net.au Matthew Neale 0420 808 349 matthew@prd.net.au
379 High Street, Penrith
PAGE 21
Residential Sales Expectations for 2013 are enormous as the team set a sales record in May which they smashed in June. When we say record don’t forget our business has been trading since 1977! We have expanded the sales team in 2013 and made major changes to its structure. Daniel Latty has moved into the role as Sales Manager with a goal of increasing the teams knowledge and skill set. Major changes have been made in how property is marketed and how the enquiries generated are dealt with. Our Buyers Hotline ensures every buyer who calls our team is answered immediately by a sales representative who can answer questions and book an appointment to view. What makes our team so exciting is the fact that we recognise changes in the marketplace and act to ensure our clients get the best result. The days of whacking up a sign and waiting for the phone to ring have been eclipsed by professional marketing strategies designed to ensure the maximum price is achieved within a pre-determined time frame. Sales records are great but the record we pride ourselves on is our days on the market. Before you consider who should sell your next property ask the vital questions first! Daniel Latty 0417 047 458 daniel@prd.net.au
PAGE 22
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379 High Street, Penrith
Property Management Natalie De Chellis 0420 371 107 natalie@prd.net.au
Natalie De Chellis has recently been promoted as our Business Development Manager (BDM). The new role combines her decades of experience managing property for clients with the need to actively work with property owners to ensure their Real Estate investment is a profitable enterprise. The Rental Market is constantly changing as more past tenants make the decision to buy. The flow through effect to vacancy rates means that as agents we need to broaden the search for good quality tenants. Our team prides itself on understanding how market forces can impact everything. Without a strategic marketing plan for rental properties there is every chance you have a property sitting vacant for longer than necessary or even worse – rent it out below market value. Before you buy your next investment (or first) we highly recommend giving Natalie a call.
www.prd.net.au
Commercial
Matthew Neale 0420 808 349 matthew@prd.net.au
/prdpenrith
Opportunity is the buzz word in the Penrith Commercial market today. As Penrith looks to expand to meet the demands of a regional city, enquiries from a wide range of National Franchise companies, Developers and Government departments have increased. All are seeking the opportunity to develop or grow our CBD and in many cases they are finding it difficult to locate that ideal site. Location, land size, zoning policies and owners expectations are all influencing how soon we can expect to see genuine change. Our team expanded again in 2013 to focus on retail letting in the CBD. This long neglected sector is showing signs of increased activity. Brenden, our Leasing Manager, has had great success with a number of properties that have been vacant for years. Luke Bellotti our industrial specialist for the Eastern Nepean region achieved an auction result $200,000 above the reserve for the sale of a property in Christine Street, St Marys. Our auction clearance rate of 100% has been maintained for the past 18 months.
379 High Street, Penrith
PAGE 23
Your success is built on our Teamwork! OPEN HOME LIST 11/11-13 Hemmings Street, Penrith
Sat 11.00 – 11.45am
1/6 Thurston Street, Penrith
Sat 11.00 – 11.45am
5/3 The Crescent, Penrith
Sat 11.00 – 11.45am
8/29-35 Preston St, Jamisontown
Sat 12.00 – 12.45pm
11/17 Preston Street, Jamisontown
Sat 12.00 – 12.45pm
8/58 Castlereagh Street, Penrith
Sat 12.00 – 12.45pm
31/282 High Street, Penrith
Sat 1.00 – 1.45pm
7/24-28 Higgins Street, Penrith
Sat 1.00 – 1.45pm
1/45 Jones Street, Kingswood
Sat 1.00 – 1.45pm
24/10 Paperbark Close, Glenmore Park Sat 2.00 – 2.45pm Selling property in today’s competitive market requires specialised market knowledge of every aspect within the Real Estate market. To determine the highest and best use for your valuable asset you need to consider which market will pay the best price.
25/10 Paperbark Close, Glenmore Park Sat 2.00 – 2.45pm 4/4 Riverpark Road, Liverpool
Sat 3.00 – 3.45pm
Is the commercial value higher than the residential value? Does your property have development potential? What strategy will achieve the best price? PRDnationwide Penrith have specialised teams working together under the one roof to ensure you get the best possible result every time.
www.prd.net.au
/prdpenrith
379 High Street, Penrith
Ph: 02 4732 3711