Campbelltown
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 Bobby Reynolds 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
30 Bradbury Avenue, Campbelltown SOLD BY $575,000 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.
BOBBY REYNOLDS 0413 955 522
FOR PROPERTY ADVICE AND HELP IN CAMPBELLTOWN AND SURROUNDING SUBURBS
3
CAMPBELLTOWN - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
123
$ 109,000
0.0 %
$ 5,362
$ 333,800
1998
145
$ 119,500
9.6 %
$ 6,000
$ 612,000
1999
188
$ 131,000
9.6 %
$ 5,500
$ 1,121,000
2000
153
$ 147,000
12.2 %
$ 37,500
$ 775,000
2001
200
$ 170,000
15.6 %
$ 43,828
$ 2,200,000
2002
217
$ 230,000
35.3 %
$ 11,250
$ 905,000
2003
213
$ 280,000
21.7 %
$ 5,400
$ 4,600,000
2004
155
$ 300,000
7.1 %
$ 148,313
$ 2,791,800
2005
145
$ 287,000
-4.3 %
$ 16,500
$ 2,000,000
2006
166
$ 280,000
-2.4 %
$ 2,300
$ 730,000
2007
160
$ 260,000
-7.1 %
$ 40,000
$ 1,430,000
2008
157
$ 260,000
0.0 %
$ 44,000
$ 4,500,000
2009
184
$ 295,000
13.5 %
$ 10,000
$ 3,400,000
2010
135
$ 312,000
5.8 %
$ 67,500
$ 1,550,000
2011
144
$ 310,000
-0.6 %
$ 6,000
$ 620,000
2012
131
$ 335,000
8.1 %
$ 95,000
$ 2,600,000
2013
185
$ 369,000
10.1 %
$ 3,100
$ 900,000
2014
244
$ 438,000
18.7 %
$ 2,500
$ 6,000,000
2015
151
$ 553,000
26.3 %
$ 200,000
$ 3,000,000
Median Sale Price
$530k
Based on 216 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
+26.2%
Current Median Price: $530,000 Previous Median Price: $420,000 Based on 450 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.
CAMPBELLTOWN - Peak Selling Periods
CAMPBELLTOWN - 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.
CAMPBELLTOWN - Median Weekly Rents (Houses) Suburb Sale Price Growth
+26.2%
Current Median Price: $530,000 Previous Median Price: $420,000
Based on 450 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+3.9%
Current Median Price: $530,000 Current Median Rent: $400
Based on 267 registered House sales compared over ther last 12 months.
CAMPBELLTOWN - Median Weekly Rents (Units) Suburb Sale Price Growth
+3.2%
Current Median Price: $392,000 Previous Median Price: $380,000
Based on 327 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+5.2%
Current Median Price: $392,000 Current Median Rent: $390
Based on 150 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.
CAMPBELLTOWN - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 216 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $530,000 Previous Median Price: $420,000
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 450 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
$530k
+26.2%
28 WAMINDA AVE
3 TINDALL ST
WAMINDA AVE
$680,000
Oct
2015 21 Days
$791,900
Oct
734 m²
3
2
2
50 FARNSWORTH AVE
2015 N/A
4
601 m²
4
1
1
2015 71 Days
3
1
1
24 Days
6
$610,000
556 m²
3
2
3
2015 52 Days
746 m²
4
2
2
5 SHEATHER PL $620,000
2015
1
Oct
Sep
645 m²
3
28 Days
$580,000
55 ALLMAN ST
Sep
2015
8 AUSTIN AVE
$670,000
30 Days
2
Oct
34 BRADBURY AVE
2015
2
34 MITCHELL ST
Oct
17 Days
$960,000
Oct
4,645 m²
$525,000
2015
216
$605,000
Sep
645 m²
2
1
1
2015 34 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
961 m²
4
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.
26 OXLEY ST
10 HIDCOTE RD
34 CANBERRA CRES
$555,000
Sep
2015 N/A
$765,000
Sep
764 m²
-
-
12
16 PALEY ST
2015 18 Days
Sep
338 m²
4
Sep
16 Days
313 m²
3
2
2
2015
1
1
-
24 RAYMOND AVE
21 Days
607 m²
4
N/A
2
2
2015 18 Days
3
1
1
$555,000
2015 8 Days
639 m²
4
2
10 Days
1
$530,000
3
1
1
2015
-
N/A
-
-
8 GREENWICH WALK $650,000
2015
1
Sep
645 m²
Aug
575 m²
1
$580,000
11 CENTENNIAL DR
Aug
3
MACQUARIE AVE
$510,000
2015
575 m²
Sep
Sep
326 m²
N/A
$585,000
31 VALLEY RD
Sep
2015
2 MEGALONG CRES
$300,000
N/A
2
Sep
7 STOWE AVE
2015
3
151 WAMINDA AVE $627,000
2015
$242,500
$645,000
Aug
227 m²
3
2
2
2015 4 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
285 m²
4
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.
CAMPBELLTOWN - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 267 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $530,000 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 216 recorded House sales and 267 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+3.9%
$400 /w
14 ORION ST
3-17 QUEEN ST
55 ALLMAN ST
$580
$400.00
Oct
4
3 Days
2
2
47 LINDESAY ST
2015 4 Days
Oct
6,841 m²
2
556 m²
3
1
1
2015 4 Days
2
Oct
727 m²
4
1
2
6 Days
1
5 Days
961 m²
4
2
1
CAMPBELLTOWN $150 per
Oct
2
2015
$500
2015
1
Oct
$600.00 per
2
645 m²
$520 Weekly
9 HASTINGS PL
4
4 Days
5 SHEATHER PL
Oct
6 GALILEO ST
5 Days
1
2015
$410
Oct
2015
2
20 HUME ST $460.00
4 Days
$370
Oct
2015
2015
267
Oct
740 m²
3
1
2
2015 6 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
1
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.
7 LODDON CRES
26 CANBERRA CRES
135 BROUGHTON ST
$500
525.00
Oct
2015 7 Days
Oct
607 m²
4
2
1
59 FARNSWORTH AVE
2015 7 Days
Oct
556 m²
3
4
1
1
2015 12 Days
4
2
2
2015 14 Days
4
2
645 m²
3
1
18 Days
1
1
Oct
450 m²
4
2
2
2015 14 Days
556 m²
3
1
1
2 GRANDVIEW DR $365
Oct
601 m²
13 Days
$380
2015
2
$400 per
24 RAYMOND AVE
Oct
2
7 CARCOOLA ST
$550
14 Days
1
Oct
65 BRADBURY AVE
2015
2
2015
$620 / Wk
Oct
3
4
$380
39 UNIVERSITY DR
740 m²
556 m²
Oct
285 m²
$500
13 Days
11 Days
30 BRADBURY AVE
Oct
626 m²
10 INNES ST
2015
2
2015
$550
Oct
11 Days
2
8 GREENWICH WALK $420
2015
Deposit
Oct
575 m²
3
1
1
2015 18 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
740 m²
2
1
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