Suburb Spotlight Pemulwuy, Sydney
2
Pemulwuy Overview Pemulwuy is a suburb located approximately 30km west of Sydney and is part of the scenic city of Holroyd. Approximately 10 Custodians invested in Pemulwuy during 2011. Pemulwuy was in fact one of the first Sydney suburbs Custodian put clients in to. In addition to the strong market fundamentals underpinning the Sydney Market, Pemulwuy ticked all the boxes: •
Fantastic amenity
•
The abundance of local infrastructure
•
Located only 6km from Parramatta CBD
•
Accessibility to train lines and Western motorway
•
Excellent capital benchmarks in close proximity to the estate
•
Top quality public schools and Christian private schools
In addition, the Lakewood estate is located only 7km from the University of Western Sydney and is inclose proximity to Greystanes Shopping Centre, Wentworth Plaza, Wetherill Park and Blacktown Mega Centre.
“
Land prices in Pemulwuy have more than doubled since Custodians purchased only a few years ago!
”
It is understood that each Custodian who purchased in the Pemulwuy has experienced an uplift of $310,000 (55%) - $345,000 (65%) in Capital Growth. Recent sales, comparable to Custodian stock, have transacted as high as $900,000 with an average of $875,000. Every Custodian who purchased in Pemulwuy did so up to $565,000 with an average of $550,000. Assuming 10% deposits, Custodian’s have not only doubled or tripled their initial cash deposits; they have increased more than fivefold over this 1 - 4 year period.
1
2
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 Pemulwuy have seen capital increases of $310,000 - $345,000 with the bulk of their returns coming from the land component of their investments. Custodian has been providing properties within Pemulwuy since approximately 2011. House and land packages could be purchased for $550,000 with land selling on average for $290,000 for a 450m2 allotment. Most Custodian investors purchased in Pemulwuy for under $650 per square metre. Recent land sales in the estate are now pushing the $1,450 per square metre mark – meaning prices have more than doubled! Furthermore, land in Pemulwuy has outperformed the wider Sydney land market.
“
Land in Pemulwuy has outperformed the wider Sydney land market.
”
There is no doubt that the Custodian clients who purchased in Pemulwuy have timed the markets well. However, 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.
3
Recent Comparable Land Sales in Pemulwuy Currently, house and land packages are selling for upwards of $850,000-$900,00 for a four bedroom, two bathroom two car garages on a 450m2 allotment. 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. Recent Comparable Land Sales -
4
Year
Land Size
Avg. Land Price
$/m2
2011
450 m
2
$ 290,000
$644
2013
450 m
2
$ 360,000
$800
2015
512 m
2
$ 650,000
$1,444
Established Capital Benchmarks Some examples established capital benchmarks adjacent to Custodian Clients in Pemulwuy are tabled below:
20 Pugh Avenue, Pemulwuy Area: 420m2 Price: $650,000 Sale Date: 6 Dec 2014 Amenities: Vacant Land 20 Watkin Tench Parade, Pemulwuy Area: 593m2 Price: $670,000 Sale Date: 13 Dec 2014 Amenities: Vacant Land 16 Muttong Street, Pemulwuy Area: 455m2 Price: $820,000 Sale Date: 1 Dec 2014 Amenities: 4 Bed / 2 Bath / 2 Car 14 Karuk Street, Pemulwuy Area: 480m2 Price: $980,000 Sale Date: 8 Apr 2015 Amenities: 4 Bed / 2 Bath / 2 Car 13 Grazier Circuit, Pemulwuy Area: 367m2 Price: $961,000 Sale Date: 20 Jan 2015 Amenities: 5 Bed / 3 Bath / 2 Car All information is current and accurate as at May 2015.
5
Comparable Sales History The properties below are comparable re-sales which have recently sold within Pemulwuy. They give a good indication of what your property may be worth today.
220 Driftway Drive, Pemulwuy Area: 386m2 Price: $1,007,500 Sale Date: 4 Oct 2014 Amenities: 5 Bed / 3 Bath / 2 Car
24 Grazier Circuit, Pemulwuy Area: 509m2 Price: $1,100,000 Sale Date: 1 Dec 2014 Amenities: 5 Bed / 2 Bath / 2 Car
24 Tuabilli Street, Pemulwuy Area: 397m2 Price: $1,270,000 Sale Date: 9 Nov 2014 Amenities: 5 Bed / 3 Bath / 2 Car
20 Spotted Gum Place, Greystanes Area: 759m2 Price: $1,270,000 Sale Date: 9 Nov 2014 Amenities: 4 Bed / 2 Bath / 4 Car
All information is current and accurate as at May 2015.
6
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
7
PO Box 2256 Nerang, MDC, Queensland 4211 1800 174 999 service@custodian.com.au www.custodian.com.au