Suburb Spotlight Glenfield, Sydney
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Glenfield Overview Glenfield is a residential estate located just one hour or 40 km south west of the Sydney CBD. Approximately 20 Custodians invested in Glenfield, all of them during 2012. Custodian identified Glenfield as an area with the potential for significant capital growth. In addition to the strong market fundamentals underpinning the Sydney Market, Glenfield ticked all the boxes: • Borders the prestigeous Hurlston Agricultural High School as well as other top quality public schools, private schools and the University of Western Sydney. • The highly desirable golf course lifestyle. • The abundance of local infrastructure. • Proximity to local employment hubs of Camden and Campbelltown. • Accessibility to Glenfield Train Station and Hume Motorway.
It is understood that each Custodian within the Glenfield locality has experienced an uplift of $100,000- $130,000 in Capital Gains.
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Over 20 Custodians have purchased in Glenfield. ALL have experienced an estimated capital growth in the vicinity of $100,000$130,000 in just 3 years.
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Recent independent bank valuations conducted in the estate for Custodian clients have supported this. Assuming that 10% deposits were made, they have all doubled or tripled their initial cash investments in just two years. The median house price data for Glenfield is also illustrative of the positive growth story.
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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 Glenfield in 2012 have seen capital increases of $100,000-$130,000 with the bulk of their returns coming from the land component of their investments. Most Custodian investors purchased the land component of their Glenfield investment for $275,000 for a 450m2 allotment. Similar blocks have recently been trading for $400,000. There is no doubt that the Custodian clients who purchased in Glenfield have timed the markets well. However, property is a long-term game and clients need to be thinking about how they can best use their equity gains to further build their portfolios. Diversification with several properties across various geographical locations and sub markets is a good strategy for shielding your portfolio from cyclical downturns and creating consistent long term returns.
Source: www.realestate.com.au
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These capital gains have been supported by recent Mortgage Security Valuations undertaken by bankassigned valuers. These favourable valuations are allowing Custodian clients to access their equity and ultimately duplicate into the next property on their portfolio building journey.
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Recent Comparable Land Sales in Glenfield On a dollar per square metre basis the story is just as compelling. In the recent “State of The Land Report” The Urban Development Institute of Australia highlights how the average dollar per square metre for land in Sydney has increased dramatically as lot sizes decrease and average lot prices increases. Illustrated below:
Median Land Price and Size
Sydney Greenfield Lot Production Year
Lots Year Released End Stock
Median Median Lot Size Price ($) (m²)
Per m² land price
2009
2503
1076
520
$269,000
$518
2010
3526
1266
524
$293,500
$560
2011
3890
1449
498
$294,500
$592
2012
4640
1870
508
$295,000
$580
2013
6690
494
509
$323,500
$636
2014
8597
342
450
$339,750
$755
Source: NLSP
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Established Capital Benchmarks The highly desirable lifestyle amenity of the Glenfield area has attracted many families to the area, so much so that there is an 85 percent owner-occupier rate. These owner-occupiers continue to buy, build and upgrade thus accelerating the growth in the surrounding properties. Sales as high as $800,000 have recently been witnessed. Some examples of established capital benchmarks adjacent to Custodian client properties in Glenfield are shown below:
14 Grenada Road, Glenfield Area: 450m2 Price: $850,000 Sale Date: 27 Feb 2015
5 Moresby Avenue, Glenfield Area: 560m2 Price: $688,000 Sale Date: 14 Oct 2014
24 Boddingtons Road, Glenfield Area: 316m2 Price: $668,500 Sale Date: 10 Mar 2015
All information is current and accurate as at April 2015.
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Comparable Sales When assessing your capacity to expand your portfolio the banks will engage valuers to estimate the ‘fair market value’ of your property. These valuations are conducted using sales evidence of recently transacted properties. In 2015, Glenfield has seen some quite favourable sales comparable to Custodian stock. These encouraging sales are characteristic of the booming nature of the Sydney residential market and highlight the impressive growth of these estates. Examples are shown below:
2 Mariner Street, Glenfield Area: 458m2 Price: $658,500 Sale Date: 8 Dec 2014
8 Mariner Street, Glenfield Area: 455m2 Price: $640,500 Sale Date: 16 Feb 2015
10 Hillsborough Crescent, Glenfield Area: 452m2 Price: $666,000 Sale Date: 15 Nov 2014
All information is current and accurate as at April 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:
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service@custodian.com.au
PO Box 2256 Nerang, MDC, Queensland 4211 1800 174 999 service@custodian.com.au www.custodian.com.au