Bateau Bay Market Report

UNRIVALLED, MARKET LEADING REAL ESTATE EXPERTISE

BUYING

SELLING

INVESTING

REAL ESTATE

MARKET REPORT BATEAU BAY, NSW J U LY, 2 0 2 0

RENTING

CEO MESSAGE NATIONAL

Unrivalled, Market Leading Expertise

What impact has the events that have occurred in the first six months of this year had on the property markets in Australia?

The impact of the COVID-19 pandemic has certainly had a devastating mortality, health, financial and economic impact across the world.

Whilst Australia has not been immune from the fallout caused by the virus, we have been extremely fortunate compared with other countries.

What impact has the events that have occurred in the first six months of this year had on the property markets in Australia?

This is always a difficult question to answer as the respective markets are all very different, however there are some common themes that have emerged which I have briefly articulated below.

To date the severity of issues caused by COVID-19 don’t appear to have impacted the market as much as anticipated. By owners holding off selling their properties into the current market, it has created a shortfall in supply which has resulted in prices not falling as dramatically as first thought, and in some markets, not falling at all.

Whilst there are some residential markets that have a current oversupply of rental stock and are suffering from reduced rents, those that aren’t over supplied, continue to experience solid conditions.

Further matters that the residential markets are currently benefitting from, include the historically low interest rate environment and the HomeBuilder Stimulus Package.

In the main the “flight to quality” for securely leased properties continues. The low interest rate environment coupled with the current uncertainly in the equity markets, means that the current arbitrage between the yield for well leased properties and the cost of borrowing, remains extremely attractive to investors.

Where there are signs of some potential deterioration in the commercial markets it is for properties that have significant leasing risk or vacancy, particularly if they are in those sectors worst hit by COVID-19.

Some retail sectors have been hit particularly hard, and in some locations, this will lead to an oversupply of occupiable space.

The biggest issue facing the office sector is what percentage of the white-collar workforce will return to an office following the pandemic. The anticipated reduction in the number of office-based staff, will be offset in part, by the need to provide more space per employee, to allow for the ongoing social distancing requirements.

The winners of the current conditions are the Industrial and Logistics sectors. As more and more consumers moved away from physical shopping and online, the need for quality warehouse space increased dramatically. The biq question will be, as social distancing regulations continue to lift, will consumers return in large numbers to the shops?

The early anecdotal evidence suggests they are.

Despite the challenging conditions, we have been able to maintain our staff levels across the country and we have worked even harder as we continue to care for the increased needs of our clients’ during this period.

I would like to take this opportunity to thank all our clients for their continued support of MMJ Real Estate, now and into the future.

Let’s get this year behind us and hope for an annus mirabilis in 2021.

Chris Johnson CEO, MMJ Real Estate

OUR PEOPLE

At MMJ we aim to deliver a market leading, superior service through an outstanding team.

Our team is highly experienced and has the right attitude and training to deliver results to our clients.

We focus on building long term relationships with a wide variety of clients to provide an integrated tailored service that is effective and maximises your property developments value.

MMJ retain their high level of staff because of the culture within the company. They provide the right environment where people are more likely to succeed and reach their potential. And when they do, its our clients that see the benefit.

Our staff align themselves with the industry’s best by subscribing and joining key industry associations .

We attract, recruit and retain the best people in real estate. Our clients benefit from the edge and exceptional service that our people exemplify.

OUR PEOPLE ARE HIGHLY EXPERIENCED, FOCUSED AND DRIVEN BY RESULTS. Š MMJ Real Estate mmj.com.au

A significant factor to our proven results is our diverse range of specialist personnel.

Our staff are specialists in all areas of commercial & residential property including sales, management, leasing, town planning, valuation, marketing, project marketing and consultancy .

Offering such niche services means our clients get tailored, targeted and effective results in the shortest possible time frame, whilst maximising the value in their asset.

KEY PERSONNEL

LYNNE COWELL

ROGER WORLAND

Principal

Licensee in Charge

lynne.cowell@mmj.com.au

roger.worland@mmj.com.au

0409 154 040

0408 283 567

Vanessa Martin

TRACY KILGANNON

Property Manager

Property Manager

vanessa.martin@mmj.com.au

tracy.kilgannon@mmj.com.au

02 4334 2261

02 4334 2261

Unrivalled, Market Leading Expertise

MS A DH AL T IAG H T S AR LK E EHT I G BATEAU BAY, NSW HOUSES

UNITS

$659,776

$467,229

median value

median value

-2.9%

-6.38%

Previous 12 Months

Previous 12 Months

ANNUAL GROWTH RATE

ANNUAL GROWTH RATE

179 HOUSE SALES Over 12 month rolling period

19 UNIT SALES Over 12 month rolling period

Information sourced from domain.com.au, realestate.com.au & Corelogic Data current as at 30 June 2020

© MMJ Real Estate mmj.com.au

SUBURB PROFILING BATEAU BAY, NSW

P O PU L AT I O N

12,146 +3.4%

AVE R AG E AG E

60+

5 Ye a r P o p u l a t i o n c h a n g e .

OWN

RENT

75%

25%

F A M I LY

SINGLE

47 %

53%

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© MMJ Real Estate mmj.com.au

R E C E N T LY

sold

A selection of recently sold property in Bateau Bay, NSW.

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MARTIN MORRIS & JONES PTY LTD Ground Floor 6-8 Regent Street, WOLLONGONG NSW 2500 AUS Ph: +61 (4160)68380 Fax: +61 (2) 4226 2040 Email: katie.rollinson@mmj.com.au

RECENT SALES BATEAU BAY, NSW

Property List

89 Bateau Bay Road Bateau Bay NSW 2261 Sale Price: $785,000

Sale Date: 18 Jun 2020

Zoning: Residential

Area: 573m2

Land use:

Attributes: 3 Beds, 1 Baths, 1 Car Spaces

98A Bateau Bay Road Bateau Bay NSW 2261 Sale Price: Not Disclosed

Sale Date: 19 Jun 2020

Zoning: Low Density Residential

Area: 306m2

Land use:

Attributes: 3 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites

22A Castlereagh Crescent Bateau Bay NSW 2261 Sale Price: $550,000

Sale Date: 19 Jun 2020

Zoning: Residential

Area: 355m2

Land use: Single Res Dwelling

Attributes: 3 Beds, 1 Baths, 1 Car Spaces

242 Cresthaven Avenue Bateau Bay NSW 2261 Sale Price: Not Disclosed

Sale Date: 23 Jun 2020

Zoning: Residential

Area: 532m2

Land use: Single Res Dwelling

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Want to know what your property is worth in today’s market?

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© Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

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MARTIN MORRIS & JONES PTY LTD Ground Floor 6-8 Regent Street, WOLLONGONG NSW 2500 AUS Ph: +61 (4160)68380 Fax: +61 (2) 4226 2040 Email: katie.rollinson@mmj.com.au

RECENT SALES BATEAU BAY, NSW

246 Cresthaven Avenue Bateau Bay NSW 2261 Sale Price: $710,000

Sale Date: 11 Jun 2020

Zoning: Residential

Area: 541m2

Land use:

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 1 Ensuites

24 Curzon Avenue Bateau Bay NSW 2261 Sale Price: $590,000

Sale Date: 4 Jun 2020

Zoning: Residential

Area: 569m2

Land use: Single Res Dwelling

Attributes: 2 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages

14 Elewa Avenue Bateau Bay NSW 2261 Sale Price: $872,000

Sale Date: 12 Jun 2020

Zoning: Residential

Area: 461m2

Land use: Single Res Dwelling

Attributes: 5 Beds, 2 Baths, 2 Car Spaces

5 Epsom Place Bateau Bay NSW 2261 Sale Price: $785,000

Sale Date: 18 Jun 2020

Zoning: Residential

Area: 619m2

Land use: Single Res Dwelling

Attributes: 4 Beds, 3 Baths, 2 Car Spaces

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Unrivalled, © Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Market Leading Expertise Commonwealth Governments. All rights reserved.

Page 3

RECENT SALES BATEAU BAY, NSW

MARTIN MORRIS & JONES PTY LTD Ground Floor 6-8 Regent Street, WOLLONGONG NSW 2500 AUS Ph: +61 (4160)68380 Fax: +61 (2) 4226 2040 Email: katie.rollinson@mmj.com.au

1 Jonathon Close Bateau Bay NSW 2261 Sale Price: $800,000

Sale Date: 23 Jun 2020

Zoning: Residential

Area: 601m2

Land use: Single Res Dwelling

Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 4 Lock Up Garages

40 Masefield Avenue Bateau Bay NSW 2261 Sale Price: $750,000

Sale Date: 16 Jun 2020

Zoning: Residential

Area: 556m2

Land use: Single Res Dwelling

Attributes: 3 Beds, 2 Baths, 2 Car Spaces

31 Point Street Bateau Bay NSW 2261 Sale Price: $1,540,000

Sale Date: 23 Jun 2020

Zoning: Undetermined Or Village

Area: 645m2

Land use: Single Res Dwelling

Attributes: 5 Beds, 2 Baths, 2 Car Spaces

6 Rushby Street Bateau Bay NSW 2261 Sale Price: Not Disclosed

Sale Date: 12 Jun 2020

Zoning: Residential

Area: 531m2

Land use: Single Res Dwelling

Attributes: 4 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages

Want to know what your property is worth in today’s market?

mmj.com.au/worth ©

MMJ Real Estate mmj.com.au © Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Page 4

RECENT SALES BATEAU BAY, NSW

MARTIN MORRIS & JONES PTY LTD Ground Floor 6-8 Regent Street, WOLLONGONG NSW 2500 AUS Ph: +61 (4160)68380 Fax: +61 (2) 4226 2040 Email: katie.rollinson@mmj.com.au

5 Sanctuary Place Bateau Bay NSW 2261 Sale Price: Not Disclosed

Sale Date: 15 Jun 2020

Zoning: Residential

Area: 648m2

Land use:

Attributes: 5 Beds, 3 Baths, 2 Car Spaces

58 Sierra Avenue Bateau Bay NSW 2261 Sale Price: $840,000

Sale Date: 19 Jun 2020

Zoning: Low Density Residential

Area: 556m2

Land use:

Attributes: 3 Beds, 3 Baths, 2 Car Spaces, 1 Ensuites

18 Talara Avenue Bateau Bay NSW 2261 Sale Price: Not Disclosed

Sale Date: 2 Jun 2020

Zoning: Residential

Area: 556m2

Land use: Single Res Dwelling

Attributes: 3 Beds, 1 Baths, 1 Car Spaces, 1 Lock Up Garages

Want to receive our market reports straight to your inbox?

mmj.com.au/bateaubay

Unrivalled, © Copyright 2020 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Market Leading Expertise Commonwealth Governments. All rights reserved.

Page 5

WHAT IS YOUR PROPERTY WORTH IN TODAY’S MARKET.

Want to know what your property is worth in today’s market?

mmj.com.au/worth © MMJ Real Estate mmj.com.au

We are so please we chose Lynne to sell our property, her knowledge of the local area, her advice on getting the property ready for the market was great.

Vendor Review - Karen. S

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R E C E N T LY

leased A selection of recently leased property by MMJ Real Estate

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Stocklist

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R E C E N T LY

leased

BATEAU BAY, NSW MMJ Real Estate Bateau Bay

05 July, 2020

BATEAU BAY

Bed 4

Bath 2

Car 1

Bed 4

Bath 2

Car 4

26 Northview Drive Four bedroom Property (Entrance Berne St) This four bedroom home in Bateau Bay consists of: * Three Bedrooms on the top level all with built ins. * One Bedroom downstairs with separate lounge, small kitchenette and bathroom. * Bathroom with separate toilet upstairs.

Bond:

$1920.00 Contact:

Vanessa Martin

$480.00 pw

BATEAU BAY 31 Poplars Avenue LARGE FAMILY HOME

This property consists of four bedrooms all with built in robes, main bathroom plus an ensuite, large family room plus a good sized separate lounge room plus a formal dining room that could be used as an office if you choose.

Double lock up garage plus a large shed in the back yard that could be used for storage or a table tennis table,games room or work shop.

The house is situated near the end of a family friendly cul de sac.

Bond:

$2360.00 Contact:

Tracy Kilgannon

$590.00 pw

BATEAU BAY 9 Woodside Court

Bed 3

Bath 1

Car 1

As New This lovely renovated home is all brand new and ready to be lived in.

The home is in a great position being close to schools, shops and transport.

This three bedroom home has ceiling fans throughout, a dishwasher, Air conditioning and everything brand new. The

Contact:

Vanessa Martin

$480 pw

BATEAU BAY 28 Berne Street

Bed 4

Bath 2

Car 2

Lovely family home in a great street ready to go!

This is truly a lovely property with lots of great features including: * Large living space opening onto front and back covered decks perfect for entertaining or to take in the elevated views. * Timber floorboards in living spaces and carpet in the bedrooms.

Bond:

$2600.00 Contact:

Tracy Kilgannon

$650 pw

MMJ Real Estate Bateau Bay 570 The Entrance Road, Bateau Bay NSW 2261

www.mmj.com.au/bateaubay (02) 4334 2261 | bateaubay@mmj.com.au

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5/07/2020, 5:24 pm

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R E C E N T LY

leased

BATEAU BAY, NSW MMJ Real Estate Bateau Bay

05 July, 2020

BATEAU BAY 2/7 Augustus Close

Bed 3

Bath 1

Car 2

LOVELY DUPLEX IN QUIET CUL DE SAC This property has three bedrooms, 2 with large built in robes, three way bathroom with a bath tub, reverse cycle air conditioning, dishwasher, single lock up garage and freshly painted throughout.

This is a lovely fresh and clean property with a great rear yard including a deck for entertaining. Pets will be considered.

Bond:

$1840.00 Contact:

Tracy Kilgannon

$460 pw

BATEAU BAY 4 Parklands Close

Bed 4

Bath 2

Car 2

Bed 4

Bath 2

Car 2

Large family home in great location This large family home consists of : * Three bedrooms upstairs all with built ins, the main bedroom has a walk in wardrobe. * Downstairs is self contained one bedroom with built in wardrobe, Bond:

$2560.00 Contact:

Vanessa Martin

$550 pw

BATEAU BAY 50 Marlowe Road Family Home

This property consists of 4 bedrooms, built in robes,front deck, garage, new air conditioning, walk in robe, ensuite to main bedroom and a secure rear yard.

This home offers a rumpus room/teenagers retreat/ guest accommodation or you could use this space as a separate home office, the choices are endless;there is a kitchenette, bedroom, extra living area plus a bathroom, this section has its own separate entrance.

Bond:

$2200.00 Contact:

Tracy Kilgannon

$550.00 pw

BATEAU BAY

Bed 3

Bath 1

Car 1

17 Aurora Place FAMILY HOME IN QUIET LOCATION Three bedroom home all bedrooms have builtins and main has a walk in robe. Lots of storage. Two way bathroom, floating floorboards in living areas, large fully fenced backyard. Undercover entertaining area off lounge room.

Extra large single garage with internal access and good sized internal laundry. Easy walk to shops, transport and local school.

Please contact the office for a viewing.

Bond:

$1720.00 Contact:

Vanessa Martin

$430 pw

MMJ Real Estate Bateau Bay 570 The Entrance Road, Bateau Bay NSW 2261

www.mmj.com.au/bateaubay (02) 4334 2261 | bateaubay@mmj.com.au

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R E C E N T LY

leased

BATEAU BAY, NSW MMJ Real Estate Bateau Bay

05 July, 2020

BATEAU BAY Unit 4/236 Cresthaven

Bed 3

Bath 1

Car 1

Three bedroom townhouse Three bedroom townhouse with single lock up garage in a prime position being close to shops, transport & schools.

This home has a large living area downstairs with access to a paved rear courtyard. Neat & tidy kitchen leading into the laundry which has a second toilet.

Featuring three good size bedrooms upstairs with the main and second bedroom having a sliding door between them, which would be perfect as a nursery or study room. Large bathroom with bath and separate toilet. Plenty of storage throughout with Bond:

$1620.00 Contact:

Tracy Kilgannon

$405 pw

BATEAU BAY 19 Margherita Avenue

Bed 4

Bath 2

Car 2

Bath 1

Car 1

Short term lease This lovely home in Bateau Bay consists of: - Solid brick home in an elevated position; level rear yard - Open plan galley kitchen and dining flows to alfresco entertaining area - Main living with high ceilings, timber floors flows onto balcony

Contact:

Vanessa Martin Tracy Kilgannon

$550.00

BATEAU BAY Unit 1/125 Lakin Street

Bed 2

COSY TWO BEDROOM UNIT Two bedroom front unit in a block of only three. Includes single garage at the back of the block. Wooden floors throughout with own laundry, close to all amenities, beach and bus stop. Lawn maintenance & water included in rental. This neat little unit wont last long. Please call the office to arrange an inspection.

Bond:

$1360.00 Contact:

Vanessa Martin

$340.00 pw

CHARMHAVEN

Bed 2

Bath 1

34A Moala Parade Private and Secure This lovely granny flat has two bedrooms both with built ins. Large lounge/dining and modern kitchen. Large bathroom with laundry facilities. Ceiling fans through out and air conditioning. Plenty of outdoor space which is fully fenced and very private from the front house completes the picture. Please call the office to arrange an inspection 4334 2261.

Bond:

$1400.00 Contact:

Vanessa Martin

$350.00 pw

MMJ Real Estate Bateau Bay 570 The Entrance Road, Bateau Bay NSW 2261

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N AT I O N A L NETWORK MMJ Real Estate National Network.

NSW

ACT

Sydney

Canberra

Level 12, 75 Elizabeth St, Sydney NSW 2000 02 8256 0222 sydney@mmj.com.au

Wollongong

Ground Floor, 6-8 Regent Street, Wollongong PO Box 1167 Wollongong NSW 2500 02 4229 5555 mmjwoll@mmj.com.au

North

251-253 Princes Highway, Corrimal PO Box 152 Corrimal NSW 2518 02 4285 5999 mmjnorth@mmj.com.au

South

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Level 1, Manuka Court, 11 Bougainville Street PO Box 3611, Manuka ACT 2603 02 6260 6970 canberra@mmj.com.au

WA Perth

Level 6, 12 St Georges Terrace, Perth WA 6000 08 9325 5880 wa@mmj.com.au

VIC Melbourne

Suite 15, Level 2, 25 Claremont Street, South Yarra, VIC 3141 03 9041 0929 melbourne@mmj.com.au

Dapto

1/27 Princes Highway, Dapto 02 4261 8890 dapto@mmj.com.au

Central Coast

570 The Entrance Road, Bateau Bay

Find your nearest local office.

02 4334 2261 bateaubay@mmj.com.au

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This document has been prepared by MMJ Real Estate Pty Ltd for general information only. Information contained within this document is correct at time of printing JUNE 2020. MMJ Real Estate Pty Ltd does not warrant or represent that the information in this document is free from errors or omissions. Any interested parties should undertake their own enquiries as to the accuracy of the information. MMJ Real Estate Pty Ltd excepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information.

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