QMR Bradbury October 2015

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.

2

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

3

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