Suburb Spotlight Rooty Hill, Sydney
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Rooty Hill Overview Rooty Hill is a 7 square kilometre residential suburb located approximately 42km west of Sydney. Approximately 4 Custodians invested in Rooty Hill during late 2010. In addition to the strong market fundamentals underpinning the Sydney Market, Rooty Hill ticked all the boxes: •
Fantastic amenity
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The abundance of local infrastructure
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Located only 20km from Parramatta CBD
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Accessibility to train lines and Western Motorway
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Excellent capital benchmarks in close proximity to the estate
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Top quality public schools and Christian private schools
In addition, Rooty Hill is located only 20km from the University of Western Sydney and is in close proximity to major retail precincts, including Blacktown Mega Centre and the Plumpton Market Place. A strong community feel is ever present with vast park lands (5 parks in close proximity) and a total of 4 schools in the immediate local area consisting of 2 primary schools and 2 secondary schools.
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Rooty Hill is located in the City of Blacktown. Over the past 40 years, 5,000 hectares of land have been released to urban development in the area, contributing an additional 170,000 people and making Blacktown the largest and fastest growing LGA by actual population in NSW. The City has a current population of 332,000. By 2036 the City is forecast to grow to 448,797 residents.
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It is understood that each Custodian who purchased in Rooty Hill has experienced an average uplift of $230,000 in Capital Growth. Recent sales, comparable to Custodian stock, have transacted as high as $700,000 with an average of $655,000. Every Custodian who purchased in Rooty Hill did so between $395,000 and $445,000 with an average of $425,000. Assuming 10% deposits, Custodian’s have not only doubled or tripled their initial cash deposits; they have increased fivefold over this 5 year period.
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Buy Land for Capital Growth True to the ‘7 Steps to Wealth’ model, the land component of your property investment is what appreciates in value. Custodians who purchased in Rooty Hill have seen average capital increases of $230,000 with the bulk of their returns coming from the land component of their investments. House and land packages in Rooty Hill could be purchased through Custodian in late 2010 for as little as $395,000 with land selling on average for $205,000 for a 400m2 allotment.
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Quarterly Market Activity Quarterly Market Activity
Recent Comparable Land Sales in Rooty Hill Most Custodian investors purchased in Rooty Hill for under $522 per square metre. Recent land sales in the estate are now pushing the $772 square metre mark – meaning prices have increased by 47%. Illustrated below: Recent Comparable Land Sales Sales (lots per quarter) Year 2010 2013
Releases (lots per quarter)
Land Size Avg. Land Price Closing Stock (lots end quarter) 452 m2 $ 256,000 450 m2
$ 265,000
2014 466 mlots released$to315,000 Greenfield growth area lot sales, the market, 2015 m2 quarter $ 360,000 and closing stock at the end451 of the Source: NLSP 2
$/m2 $567 $558 $675 $772
Currently, house and land packages are selling for $650,000 upwards for a four bedroom, two bathroom and a double lock up garage on a circa 400m2 allotment. In the recent “State of The Land Report”, The Urban Development Institute of Australia highlights how the average dollar per square metre for land in Sydney has increased Median Landsizes Price and Size dramatically as lot decrease and average lot prices increases. Illustrated below:
Median Land Price and Size
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Source: NLSP
Source: NLSP There is no doubt that the Custodian clients who purchased in Rooty Hill have timed the Quarterlywell. MarketHowever, Activity market property is a long-term investment and clients need to be thinking about how they can best use their equity gains to further build their portfolios.
Diversification with several properties across various geographical locations and submarkets is a good strategy for shielding your portfolio from cyclical downturns and creating consistent long term returns.
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Established Capital Benchmarks Some examples established capital benchmarks adjacent to Custodian Clients in Rooty Hill are tabled below:
63B Rupertswood Road, Rooty Hill Area: 420m2 Price: $640,000 Sale Date: 6 March 2015
35 Acropolis Avenue, Rooty Hill Area: 364m2 Price: $655,000 Sale Date: 17 Nov 2014
61 Parkwood Street, Plumpton Area: 433m2 Price: $635,000 Sale Date: 14 Oct 2014
All information is current and accurate as at May 2015.
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Comparable Sales History The properties below are comparable re-sales which have recently sold within Rooty Hill. They give a good indication of what your property may be worth today:
69 Rupertswood Road, Rooty Hill Area: 655m2 Price: $890,000 Sale Date: 27 April 2015
56 Charlotte Road, Rooty Hill Area: 550m2 Price: $820,000 Sale Date: 18 Feb 2015
34 Alverna Street, Rooty Hill Area: 622m2 Price: $880,000 Sale Date: 13 Sep 2014
All information is current and accurate as at May 2015.
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Request Your Complimentary Personal Property Portfolio Review To find out about what this means for your investment and to hear about the latest exciting new Custodian investment opportunities, please contact our team of property experts for your own personal ‘Property Portfolio Review’ on:
Phone: 1800 174 999 Email: service@custodian.com.au
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PO Box 2256 Nerang, MDC, Queensland 4211 1800 174 999 service@custodian.com.au www.custodian.com.au