Bradbury
MARKET REPORT QUARTERLY - OCTOBER 2015
02 4628 0033
www.prudential.com.au
WHAT’S HAPPENING IN YOUR LOCAL PROPERTY MARKET? What a wild ride! Hi it’s Richard Esho here from Prudential Real Estate. Wow, what a rollercoaster the Macarthur
With spring in the air we are seeing an influx of
property market has been this last quarter. Starting out of the gates on a high we experienced a hyperactive market, with 80% of houses listed with Prudential Real Estate selling within 21 days.
properties listed on the local market. This is great news for buyers and vendors looking to sell, with greater choice of properties available. Although foot traffic at open homes has slowed a little we are still seeing quality buyers out and about and strong prices being achieved.
The RBA kept the record low 2.0% interest rate on hold across the quarter. At first this saw buyer confidence at an all time high, with high levels of foot traffic at open homes- as many as 70 people at every open! Three stand-out sales we achieved in the hyperactive market conditions this quarter include the newly-renovated family entertainer at 51 Birdsville Crescent, achieving $665,000. We also saw record high prices achieved at 14 Bowerbird Avenue selling for $620,000 and at 1 Ambrose Street, Oran Park selling for a mind-blowing $830,000! In response to the spike in lending, government agencies introduced changes to regulation which has seen the banks make changes to their lending criteria and minimum loan deposits. Together with volatility on the domestic and foreign stock markets, these changes saw a curb in investment purchasing and many first home buyers locked out of the market.
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www.prudential.com.au
Some recently- listed gems on the market include: 9 Mariner Street, Glenfield price guide $750,000 - $810,000, 6 Moran Place, Currans Hill price guide $540,000 - $580,000 and expressions of interest are welcomed at the development site 46 & 48 Austin Avenue, Campbelltown. Recent media speculation about the end of the boom in the Sydney Property Market has seen buyers act more cautiously when making purchase decisions, slowing down the sales turnover rates we were experiencing earlier in the quarter. Out of area interest in the Macarthur continues to build with investors attracted by the development of the Glenfield to Macarthur Urban Renewal Corridor. The NSW State Government has responded to the extremely high demand in the region (which we are seeing with the skyrocketing demand for registered
10 Kippara Place, Bradbury SOLD BY $520,000 land), announcing the development of 35,000 new homes, as a part of the Greater Macarthur Land Release Area.
Most importantly, if you are thinking of selling now is the right time, whilst prices are high and buyers are still plentiful. If that sounds like you, call me today, I would be happy to help you.
RICHARD ESHO 0402 640 330
FOR PROPERTY ADVICE AND HELP IN BRADBURY AND SURROUNDING SUBURBS
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BRADBURY - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
169
$ 118,000
0.0 %
$ 1,190
$ 700,000
1998
177
$ 130,000
10.2 %
$ 22,900
$ 575,000
1999
221
$ 132,000
1.5 %
$ 1,550
$ 911,460
2000
201
$ 150,000
13.6 %
$ 15,500
$ 1,000,000
2001
269
$ 175,000
16.7 %
$ 50,000
$ 296,000
2002
239
$ 235,000
34.3 %
$ 50,375
$ 415,000
2003
225
$ 280,000
19.1 %
$ 72,000
$ 930,000
2004
146
$ 312,000
11.4 %
$ 137,500
$ 475,000
2005
136
$ 289,000
-7.4 %
$ 35,000
$ 435,000
2006
155
$ 276,000
-4.5 %
$ 2,500
$ 430,000
2007
155
$ 273,000
-1.1 %
$ 17,000
$ 440,000
2008
158
$ 274,500
0.5 %
$ 30,000
$ 1,300,000
2009
174
$ 295,000
7.5 %
$ 25,000
$ 752,265
2010
116
$ 310,000
5.1 %
$ 120,000
$ 550,000
2011
155
$ 315,000
1.6 %
$ 41,000
$ 2,025,000
2012
155
$ 330,000
4.8 %
$ 15,000
$ 472,500
2013
180
$ 350,000
6.1 %
$ 7,000
$ 499,950
2014
211
$ 417,000
19.1 %
$ 8,000
$ 800,000
2015
155
$ 515,000
23.5 %
$ 70,691
$ 670,000
Median Sale Price
$483k
Based on 220 recorded House sales within the last 12 months (Oct '14 - Sep '15) Based on a rolling 12 month period and may differ from calendar year statistics
Suburb Growth
+20.8%
Current Median Price: $483,000 Previous Median Price: $400,000 Based on 412 recorded House sales compared over the last two rolling 12 month periods
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
BRADBURY - Peak Selling Periods
BRADBURY - Price Range Segments
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
BRADBURY - Median Weekly Rents (Houses) Suburb Sale Price Growth
+20.8%
Current Median Price: $483,000 Previous Median Price: $400,000
Based on 412 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.3%
Current Median Price: $483,000 Current Median Rent: $400
Based on 211 registered House sales compared over ther last 12 months.
BRADBURY - Median Weekly Rents (Units) Suburb Sale Price Growth
+13.3%
Current Median Price: $320,000 Previous Median Price: $282,500
Based on 57 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+5.0%
Current Median Price: $320,000 Current Median Rent: $310
Based on 22 registered Unit sales compared over ther last 12 months.
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. Š Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
The materials provided are distributed as an information source only. Š The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
BRADBURY - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 220 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $483,000 Previous Median Price: $400,000
Based on recorded House sales within the 12 months (Oct '14 - Sep '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 412 recorded House sales compared over the last two rolling 12 month periods
Based on a rolling 12 month period and may differ from calendar year statistics
$483k
+20.8%
27 KALYAN AVE
7 AKUNA AVE
15 MANOOKA CRES
$680,000
Oct
2015 22 Days
$555,000
Oct
560 m²
5
3
2
107 THE PKWY
2015 43 Days
3
620 m²
4
1
2
2015 18 Days
6
1
1
778 m²
4
21 Days
1
$485,500
620 m²
5
2
2
2015 22 Days
1.07 ha
4
1
1
33 CHISHOLM CRES $579,250
2015
2
Oct
Sep
575 m²
55 Days
$590,000
13 LAWN AVE
Oct
2015
21/58 GREENOAKS AVE
$566,000
24 Days
1
Oct
4 POPLAR CRES
2015
1
79 MANOOKA CRES
Oct
16 Days
$570,000
Oct
607 m²
$535,000
2015
220
$548,000
Sep
607 m²
4
1
1
2015 12 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
677 m²
4
1
2
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
2/15 BRUSHBOX PL
8 WEEMALA CRES
22 BOCKING AVE
$410,000
Sep
2015 22 Days
$475,000
Sep
3,326 m²
3
1
1
36 TALLOWWOOD CRES
2015 24 Days
Sep
592 m²
3
Sep
26 Days
582 m²
4
2
2
2015
4
2
2
22 PINAROO CRES
32 Days
670 m²
4
1
1
2015 10 Days
4
2
2
9 Days
1
7 Days
696 m²
3
1
1
$517,300
Aug
613 m²
3
1
1
2015 N/A
683 m²
3
1
1
23 LAWN AVE
Aug
569 m²
2015
$565,000
2015
1
$505,000
$626,000
22 GUISE RD
Aug
121 Days
3
73 FERN AVE
$550,000
2015
620 m²
Aug
Aug
714 m²
1 Day
$600,000
82 COACHWOOD CRES
Aug
2015
1 REIBY PL
$592,550
36 Days
2
Sep
24 DEWRANG AVE
2015
1
11 ALLIOTT ST $615,000
2015
$555,000
$532,200
Aug
613 m²
3
2
1
2015 6 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
601 m²
3
1
2
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
BRADBURY - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 211 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $483,000 Current Median Rent: $400
Based on recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Based on a rolling 12 month period and may differ from calendar year statistics
Based on 220 recorded House sales and 211 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+4.3%
$400 /w
16 BOCKING AVE
8 PHELPS CRES
75 CAMPBELLFIELD AVE
$380
$400
Oct
2015 3 Days
613 m²
3
1
1
2015 4 Days
Oct
601 m²
4
702 m²
4
1
1
2015 8 Days
Oct
778 m²
4
2
1
2
2015 8 Days
556 m²
3
$400
2015 12 Days
1
1
1
2
22 GUISE RD $480
Oct
1
3
Oct
$430 Weekly
3
617 m²
$410 Weekly
22 BOCKING AVE
570 m²
5 Days
10 EVERGREEN AVE
Oct
73 AKUNA AVE
9 Days
1
2015
$490
Oct
2015
1
15 MANOOKA CRES $460
7 Days
$390
Oct
11 CALEY RD
2015
211
Oct
620 m²
3
1
1
2015 13 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
613 m²
3
2
1
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
21 GREEN LANE
1 REIBY PL
11 LEWIS ST
$290
$430
Oct
2015 15 Days
Oct
347 m²
3
1
1
3 PARAKA PL
2015 18 Days
Oct
701 m²
3
3
1
1
2015 27 Days
4
1
1
2015 56 Days
3
1
556 m²
3
1
57 Days
1
2
Sep
650 m²
3
1
2
2015 56 Days
557 m²
3
1
1
10 WANDARRA CRES $430 p.w.
Aug
658 m²
33 Days
$400 per
2015
1
$390 per
8 MACLEAY ST
Aug
1
52 AKUNA AVE
$400
56 Days
1
2015
$420
18 POPLAR CRES
2015
2
Sep
3
3
$400 / Wk
12 CAMPBELLFIELD AVE
Sep
4,341 m²
563 m²
Sep
558 m²
$350
34 Days
25 Days
10 EVERGREEN AVE
Sep
113 m²
2/72 CAMPBELLFIELD AVE
2015
1
2015
$480.00
Sep
27 Days
1
6 NARDANGO RD $400 per
2015
$380 Weekly
Aug
784 m²
3
2
1
2015 60 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
664 m²
3
1
-
The materials provided are distributed as an information source only. © The State of New South Wales (Land and Property Information - LPI) October/2015. Contains property sales information provided under licence from the Department of Finance and Services, Land and Property Information (LPI) Issue Date: 19/10/15 and may be combined with property attribute data and photographs from other third party data sources. Ownership information derived from Non-Government sources. Please use as a guide only. Neither Veda nor LPI make any representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Veda is authorised as a Property Sales Information provider of the Department of Finance and Services, Land and Property Information.
WHAT DO PEOPLE SAY ABOUT PRUDENTIAL REAL ESTATE?
“ “ “ “ “ “ “ 11
Above and beyond professional service. Excellent communication and friendly, personable staff. Extremely happy with the whole process and sale of our house. Thank you so so much! - Natalie Gorman
Our agents were very professional, never pushy towards us when making decisions and made the overall experience fun and exciting. They kept us as up to date as possible and we felt very informed throughout the whole process. Our agents really went above and beyond for us and massively exceeded our expectations. - Allison Carroll When a potential client is considering who to choose there is no one but Prudential. Their knowledge and professional attitude is excellent. - Robyn Rouse
Very professional as well as friendly staff. Being a first-time landlord, what I thought would be a painful process became a stress-free one as the whole process was clearly explained and we received constant feedback from our agent. - A. Allie The team work of the Prudential estate agents is fantastic, very enthusiastic and informative at all times. Never doubted that a good result would be achieved with their service. - Kevin & Carolyn Addison
Prudential Real Estate have managed my investment property for 10 years and have always been proactive and informative regarding leasing the property. I am always kept informed and the property is managed/maintained very well. Highly recommended. - Sophia Nabi Professional and passionate sales staff are who you want on your team when selling. We were confident that prudential would get us the best price out there, and they did. They are worth every cent of their competitive rate of commission. - Ashley O’Connor
www.prudential.com.au
ABOUT Prudential Real Estate has been serving the Macarthur community since 1988 and now operates five offices across the Macarthur and Liverpool. We provide guaranteed property services to our customers and clients. We achieve consistent, high quality service through our systems-based business structure.
With bounds of local knowledge and a heritage presence in the Macarthur, you can be confident that Prudential Real Estate will fulfill your every property need.
We are dedicated to constant innovation with changing technology to deliver world-class service to property sellers, buyers, investors and tenants.
LOCATIONS Campbelltown P: 02 4628 0033 Ingleburn P: 02 9605 5000 Liverpool P: 02 9822 5999 Macquarie Fields P: 02 9605 5333 Narellan P: 02 4624 4400
02 4628 0033
www.prudential.com.au