Market Report
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Hello and welcome to our quarterly update on the Market Report We really are very lucky as residents of the northern Central Coast.
Mark Millington
Our relaxed coastal lifestyle affords convenient access to Sydney, and the southern shores of Lake Macquarie providing a dazzling array of beaches, sports, lifestyle, cultural and recreational pursuits – all set against the backdrop of a nature lovers paradise – the hinterland that contours our western edge. Thanks to the Reserve Bank’s June decision to keep official cash rates
on hold at 2.5 per cent, mortgage rates are widely available below 5 per cent. This has led to the highest levels of housing affordability in over a decade for Australians. Locally, the property market continues to perform well, with realistic buyers and sellers rapidly reaching agreement on prices. This environment makes it a win/ win for both buyers and sellers – while affordability is high, demand remains in accord with supply. So, if you’re looking to buy, sell or rent, give us a call. We put you first.
Great tips for when purchasing a property If you want to make an offer, be certain that you can follow through by having the following items confirmed. • A pre-approval of finance from your bank or lending institution. • Your own property sold, or at least assessment for value and possible sale time. • You have a solicitor or conveyancer selected. • Determine how you will be paying the 10% deposit and associated costs. • An idea of settlement times required before you take possession. • Before you purchase any property - in particular a new home - it is important that you receive a copy of a Pest and Building Report from a qualified inspector. • Don’t be alarmed if your bank or lending institution request a valuation by a registered property valuer. This is normal practice of bank or lending institution, and serves as confirmation of the agreed sale price. • Preparation is the key. Understand your rights and have everything in place Whether you are considering purchasing property in the near future, or are currently in the process of buying a home through another company and in need of advice, please feel free to call any of the Lakeshores First National property consultants with any questions you may have.
Market Report Properties Sold LD
LD
SO
SO
$351,000
3 1 2
53 Imga Street, Gwandalan
$335,000
3 1 2
58 Aldinga Road, Gwandalan
LD
LD
SO
SO
$355,000
3 2 2
17 Halcyon Street, Mannering Park
$620,000
4 2 2
119 Griffith Street, Mannering Park
Market Data Mannering Park
Wyee Point
Gwandalan
Summerland Point
Chain Valley Bay
Lake Munmorah
How many properties have sold over the last quarter?
20
4
27
21
11
34
What is the highest price paid in the last quarter?
$855,000
$405,000
$645,000
$2,820,000
$610,000
$743,000
What is the average price paid in the last quarter?
$375,250
$353,250
$615,074
$519,857
$400,545
$362,397
What is the lowest price paid in the last quarter?
$100,000
$250,000
$168,000
$192,000
$275,000
$160,000
How many properties are on the market?
23
15
36
26
14
46
What is the average weekly rental?
$352.00
$472.00
$324.00
$373.00
$384.00
$335.00
/DNHVKRUHV PROPERTY ADDRESS SUMMERLAND POINT 17 Anembo Ave 3 Bambara Ave 16 Boat Harbour Cres 21 Boat Harbour Cres 117 Cams Blvd 130 Cams Blvd 4 Cudgee Ave 37 Ginganup Rd 16-18 Gordon Ave 38b Gordon Ave 44 Gordon Ave 16 Kullaroo Rd 157 Kullaroo Rd 12 Mariner Cl 6 Muraban Rd 48 Muraban Rd 57 Muraban Rd 12 Murrumbong Rd 41 Tradewinds Ave 63 Yeramba Rd 117 Yeramba Rd GWANDALAN 58 Aldinga Rd 11 Bell Brae Ave 17 Billbabourie Rd 30 Collendina Rd 48 Collendina Rd 2 Coral Fern Way 19 Coral Fern Way
SUMMARY
AREA
SALE DATE
PRICE
2 bed 2 bath 2 car 4 bed 2 bath 2 car 5 bed 2 bath 2 car 3 bed 2 bath 2 car 3 bed 2 bath 1 car 0 bed 0 bath 1 car 2 bed 1 bath 2 car 1 bed 1 bath 2 car 5 bed 5 bath 6 car 3 bed 1 bath 2 car 4 bed 2 bath 4 car 5 bed 1 bath 1 car 4 bed 3 bath 1 car 4 bed 2 bath 2 car 2 bed 2 bath 1 car 3 bed 1 bath 2 car Vacant Land 2 bed 2 bath 2 car 4 bed 2 bath 2 car 4 bed 2 bath 2 car 2 bed 2 bath 4 car
797sqm 506 sqm 698 sqm 570 sqm 506 sqm 519 sqm 538 sqm 632 sqm 1524 sqm 794 sqm 499 sqm 506 sqm 506 sqm 583 sqm 519 sqm 519 sqm 537 sqm 512 sqm 551 sqm 556 sqm 1265 sqm
24/02/2014 01/03/2014 24/02/2014 25/03/2014 07/02/2014 20/03/2014 03/03/2014 11/02/2014 22/02/2014 02/04/2014 22/03/2014 01/02/2014 07/03/2014 20/03/2014 13/02/2014 13/03/2014 19/03/2014 19/02/2014 01/04/2014 18/03/2014 13/02/2014
$272,500 $390,000 $500,000 $449,000 $410,000 $195,000 $255,000 $412,000 $2,820,000 $352,500 $480,000 $360,000 $825,000 $430,000 $280,000 $444,000 $192,000 $450,000 $410,000 $400,000 $590,000
3 bed 1 bath 1 car 4 bed 2 bath 2 car 2 bed 1 bath 1 car 2 bed 1 bath 2 car 3 bed 3 bath 2 car 3 bed 1 bath 2 car 4 bed 2 bath 2 car
588 sqm 970 sqm 506 sqm 670 sqm 506 sqm 696 sqm 717 sqm
17/03/2014 31/03/2014 26/02/2014 25/03/2014 01/03/2014 17/01/2014 07/03/2014
$335,000 $545,000 $335,000 $269,000 $385,000 $540,000 $542,000
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Market Report PROPERTY ADDRESS GWANDALAN 32 Coral Fern Way 36 Coral Fern Way 20 Dulkara St 79 Gamban Rd 154 Gamban Rd 53 Imga Rd 11 Mistral Cl 14 Moonah Pl 17 Murraba Crs 33 Murraba Crs 49 Murraba Crs 18 Orana Rd 19 Parraweena Rd 32 Ulooloo Rd 36 Ulooloo Rd 43 Winbin Crs 164 Winbin Crs 15a Yearnin St WYEE POINT 20 Benamba St 16 High St 28 Mulwala Dr 11 Saddlers Way CHAIN VALLEY BAY 39 Dale Ave 9 Elsinore Ave 21 Elsinore Ave 29 Elsinore Ave 17 Leumeah Ave 18 Lloyd Ave 20 Sunset Pde 7 Tarwhine Ave
SUMMARY
AREA
SALE DATE
PRICE
Vacant Land Vacant Land 3 bed 1 bath 2 car 2 bed 1 bath 1 car 3 bed 1 bath 1 car 3 bed 1 bath 2 car 5 bed 2 bath 2 car 4 bed 2 bath 1 car 2 bed 2 bath 2 car 3 bed 1 bath 2 car 3 bed 1 bath 2 car 2 bed 1bath 2 bed 1 bath 2 car 2 bed 1 bath 1 car 3 bed 2 bath 1 car 3 bed 1 bath 1 car 4 bed 2 bath 2 car 3 bed 1 bath 1 car
597 sqm 597 sqm 506 sqm 506 sqm 506 sqm 512 sqm 600 sqm 506 sqm 506 sqm 506 sqm 505 sqm 519 sqm 443 sqm 689 sqm 538 sqm 519 sqm 506 sqm 409 sqm
01/03/2014 20/03/2014 28/03/2014 03/02/2014 29/01/2014 15/02/2014 03/02/2014 07/03/2014 21/01/2014 12/03/2014 09/04/2014 19/02/2014 01/04/2014 03/02/2014 24/02/2014 10/01/2014 13/01/2014 19/02/2014
$220,000 $217,000 $350,000 $265,000 $450,000 $351,000 $500,000 $335,000 $358,000 $308,000 $275,000 $216,000 $270,000 $240,000 $350,000 $250,000 $395,000 $295,000
4 bed 2 bath 2 car 3 bed 2 bath 2 car Vacant Land Vacant Land
750 sqm 399 sqm 776 sqm 2.4 acres
24/03/2014 28/03/2014 23/04/2014 10/03/2014
$412,000 $346,000 $250,000 $405,000
3 bed 1 bath 2 car 2 bed 1 bath 2 car 3 bed 1 bath 2 car 4 bed 2 bath 2 car 3 bed 1 bath 1 car 2 bed 1 bath 2 car 4 bed 2 bath 2 car 5 bed 2 bath 1 car
556 sqm 556 sqm 556 sqm 556 sqm 556 sqm 1112 sqm 639 sqm 601sqm
01/04/2014 13/02/2014 01/04/2014 20/01/2014 01/04/2014 18/03/2014 25/02/2014 04/03/2014
$380,000 $275,000 $320,000 $465,000 $335,000 $440,000 $610,000 $395,000
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/DNHVKRUHV PROPERTY ADDRESS CHAIN VALLEY BAY 36 Tarwhine Ave 8 Teragalin Dr 2 Trevally Ave MANNERING PARK 2 Barclay Ave 9 Barclay Ave 71 Campbell Prd 7 Catherine St 21 Dunvegan St 119 Griffith St 24 Gymea Crs 17 Halcyon St 38 Kenilworth St 9 Montrose Ave 16 Montrose Ave 27 Montrose Ave 1 Nepean Ave 23 Ravenswood St 25 Ravenswood St 8 Scott Rd 15 Spencer St 72 Vales Rd 81 Vales Rd 1 Warwick Ave LAKE MUNMORAH 14 Andrew St 13 Anita Ave 53 Anita Ave 28 Annabel Ave 7 Berkley Crt 12 Bodalla Rd
SUMMARY
AREA
SALE DATE
PRICE
4 bed 2 bath 2 car 4 bed 1 bath 1 car 4 bed 1 bath 1 car
601sqm 601 sqm 911 sqm
28/02/2014 23/01/2014 17/01/2014
$380,000 $391,000 $415,000
3 bed 2 bath 2 car 2 bed 1 bath 1 car 3 bed 1 bath 2 car 2 bed 2 bath 1 car 3 bed 1 bath 1 car 4 bed 3 bath 2 car 3 bed 1 bath 1 car 3 bed 2 bath 2 car Vacant Land 3 bed 1 bath 2 car 3 bed 2 bath 1car 3 bed 2 bath 2 car 4 bed 2 bath 1 car 4 bed 1 bath 1 car 3 bed 2 bath 2 car 3 bed 1 bath 2 car Shops Vacant Land Vacant Land
575 sqm 506 sqm 550 sqm 588 sqm 556 sqm 626 sqm 702 sqm 506 sqm 323 sqm 645 sqm 632 sqm 323 sqm 506 sqm 486 sqm 645 sqm 1131 sqm 563 sqm 470 sqm 619 sqm 974 sqm
14/03/2014 24/02/2014 06/01/2014 11/04/2014 31/03/2014 22/02/2014 03/01/2014 01/03/2014 03/02/2014 14/03/2014 22/01/2014 10/03/2014 25/02/2014 18/02/2014 31/03/2014 21/02/2014 11/03/2014 15/01/2014 25/03/2014 24/02/2014
$280,000 $285,000 $355,000 $245,000 $307,000 $620,000 $490,000 $355,000 $178,000 $363,000 $520,000 $332,000 $340,000 $335,000 $310,000 $885,000 $270,000 $425,000 $100,000 $235,000
2 bed 2 bath 1 car 4 bed 4 bath 3 car 4 bed 1 bath 1 car 2 bed 1 bath 4 bed 2 bath 2 car 4 bed 2 bath 2 car
955 sqm 1182 sqm 500 sqm 607 sqm 616 sqm 563 sqm
24/04/2014 01/01/2014 16/01/2014 13/02/2014 23/01/2014 13/02/2014
$410,000 $415,000 $370,000 $282,000 $336,000 $400,000
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ÂMarket Report PROPERTY ADDRESS LAKE MUNMORAH 18 Bodalla Rd 19 Bodalla Rd 15 Delavia Dr 11 Elizabeth Bay Dr 94 Elizabeth Bay Dr 97 Elizabeth Bay Dr 116 Elizabeth Bay Dr 198 Elizabeth Bay Dr 15 Fay St 9 Hartog Ave 5 Koradji Ave 11 Lakeway Dr 2 Lawver Crs 10 Lawver Crs 14 Lawver Crs 1 Leslie Ave 11 Mercator Cl 15 Mercator Cl 9 Princeton Crt 5 Pulaski Crt 7 Radford Cl 17 Rosemount Ave 20 Rosemount Ave 2-18 Saliena Ave 58 Terence Ave 89 Terence Ave 107 Terence Ave
SUMMARY
AREA
SALE DATE
PRICE
4 bed 2 bath 2 car 3 bed 1 bath 1 car 3 bed 1 bath 2 car 5 bed 2 bath 2 car 2 bed 1 bath 1 car 3 bed 1 bath 1 car 3 bed 2 bath 2 car 2 bed 1 bath 1 car 4 bed 3 bath 3 car 4 bed 2 bath 2 car 2 bed 2 bath 1 car 4 bed 2 bath 2 car 3 bed 1 bath 1 car 3 bed 1 bath 2 car 3 bed 1 bath 2 car 3 bed 1 bath 1 car 4 bed 2 bath 2 car 4 bed 2 bath 2 car 3 bed 1 bath 2 car 3 bed 1 bath 2 car 3 bed 1 bath 1car 3 bed 1 bath 2 car 4 bed 2 bath 1 car 3 bed 1 bath 2 car 6 bed 4 bath 3 car 3 bed 2 bath 1 car 3 bed 1 bath 2 car
563 sqm 575 sqm 266 sqm 556 sqm 556 sqm 639 sqm 752 sqm 506 sqm 1021 sqm 651 sqm 695 sqm 569 sqm 373 sqm 494 sqm 446 sqm 506 sqm 594 sqm 594 sqm 411 sqm 399 sqm 354 sqm 556 sqm 563 sqm
26/02/2014 08/02/2014 23/01/2014 12/02/2014 03/03/2014 07/02/2014 01/04/2014 21/01/2014 01/03/2014 07/02/2014 04/04/2014 03/03/2014 23/01/2014 23/01/2014 23/01/2014 07/02/2014 04/04/2014 14/02/2014 14/04/2014 25/02/2014 10/03/2014 21/02/2014 02/04/2014 23/01/2014 28/02/2014 22/02/2014 03/02/2014
$466,000 $290,000 $340,000 $480,000 $256,000 $260,000 $370,000 $276,000 $565,000 $395,000 $365,000 $387,500 $335,000 $336,000 $355,000 $315,000 $525,000 $508,000 $300,000 $330,000 $260,000 $330,000 $380,000 $334,000 $680,000 $320,000 $350,000
1157 sqm 556 sqm 563 sqm
Disclaimer: We have in preparing this document used our best endeavors’ to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements. Recipients should make their own enquiries to verify the information contained in this document. This report contains sales made by First National Lakeshores & other agencies.
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