Ingleburn
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 Chelsea Jeffries-Wilson 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
4/6 Allard Place, Ingleburn SOLD BY $445,000 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.
CHELSEA JEFFRIES-WILSON 0413 718 014
FOR PROPERTY ADVICE AND HELP IN INGLEBURN AND SURROUNDING SUBURBS
3
INGLEBURN - Sales Statistics (Houses) Year
# Sales
Median
Growth
Low
High
1997
289
$ 143,000
0.0 %
$ 35,000
$ 3,112,100
1998
255
$ 152,000
6.3 %
$ 3,950
$ 1,720,000
1999
294
$ 163,250
7.4 %
$ 67,500
$ 1,481,000
2000
305
$ 181,500
11.2 %
$ 5,516
$ 551,600
2001
317
$ 222,000
22.3 %
$ 83,334
$ 1,630,000
2002
292
$ 270,025
21.6 %
$ 5,000
$ 1,200,000
2003
282
$ 325,000
20.4 %
$ 1,540
$ 3,000,000
2004
172
$ 346,000
6.5 %
$ 4,400
$ 3,752,500
2005
178
$ 330,000
-4.6 %
$ 35,000
$ 1,020,000
2006
167
$ 305,000
-7.6 %
$ 10,000
$ 1,370,000
2007
186
$ 315,000
3.3 %
$ 30,000
$ 1,045,000
2008
179
$ 307,000
-2.5 %
$ 75,000
$ 570,000
2009
205
$ 330,000
7.5 %
$ 12,500
$ 930,000
2010
192
$ 349,975
6.1 %
$ 70,000
$ 790,000
2011
198
$ 352,000
0.6 %
$ 17,500
$ 3,165,000
2012
178
$ 367,000
4.3 %
$ 8,000
$ 1,650,000
2013
208
$ 408,000
11.2 %
$ 50,000
$ 1,540,000
2014
248
$ 492,000
20.6 %
$ 180,000
$ 2,450,000
2015
171
$ 602,000
22.4 %
$ 300,000
$ 2,550,000
Median Sale Price
$588k
Based on 237 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
+25.1%
Current Median Price: $588,000 Previous Median Price: $470,000 Based on 486 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.
INGLEBURN - Peak Selling Periods
INGLEBURN - 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.
INGLEBURN - Median Weekly Rents (Houses) Suburb Sale Price Growth
+25.1%
Current Median Price: $588,000 Previous Median Price: $470,000
Based on 486 registered House sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+3.7%
Current Median Price: $588,000 Current Median Rent: $420
Based on 244 registered House sales compared over ther last 12 months.
INGLEBURN - Median Weekly Rents (Units) Suburb Sale Price Growth
+19.9%
Current Median Price: $386,000 Previous Median Price: $322,000
Based on 223 registered Unit sales compared over the last two rolling 12 month periods.
Bedroom Breakdown
Suburb Rental Yield
+4.8%
Current Median Price: $386,000 Current Median Rent: $360
Based on 89 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.
INGLEBURN - Recently Sold Properties
Median Sale Price
Suburb Growth
# Sold Properties
Based on 237 recorded House sales within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $588,000 Previous Median Price: $470,000
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 486 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
$588k
+25.1%
7 MASERATI DR
33 CARINDA ST
23 LORIKEET AVE
$580,000
Oct
2015 58 Days
$610,000
Oct
446 m²
3
2
1
42 FREEMAN CCT
2015 19 Days
3
1
403 m²
3
1
2
2015 7 Days
559 m²
3
1
1
3
1
1
4
N/A
4
$742,000
2015 41 Days
505 m²
4
$320,000
2015
2
2
4
16A BRENDA ST
Sep
344 m²
681 m²
Sep
6 MAGPIE PL
Sep
22 Days
$599,000
$513,000
24 Days
2015
12 CHIVERS PL
Sep
12 MCLAREN PL
2015
1
66 LORIKEET AVE
Sep
20 Days
$689,500
Oct
450 m²
$565,000
2015
237
$630,000
Sep
714 m²
-
-
-
2015 17 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
209 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.
16 BRADLEY ST
15 MOORHEN ST
90 CUMBERLAND RD
$500,000
Sep
2015 N/A
$800,000
Sep
658 m²
4
2
1
15 BAINBRIDGE AVE
2015 29 Days
Aug
663 m²
5
Aug
51 Days
568 m²
3
1
1
2015
2
1
1
14 BOWERBIRD AVE
12 Days
556 m²
4
1
1
2015 18 Days
4
1
2
219 Days
2
21 Days
1,153 m²
5
3
2
$655,000
Aug
615 m²
3
1
2
2015 18 Days
650 m²
3
1
1
19 ALBERT ST
Aug
558 m²
2015
$603,000
2015
1
$815,000
$650,000
6 JOWETT PL
Aug
6 Days
3
190 CUMBERLAND RD
$620,000
2015
196.04 ha
Aug
Aug
326 m²
26 Days
$520,000
21 WAGTAIL CRES
Aug
2015
29 PERCY ST
$453,700
19 Days
2
Aug
2/23 BRONZEWING ST
2015
2
40 EUROKA ST $570,000
2015
$900,000
$800,000
Aug
575 m²
4
2
1
2015 10 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
676 m²
3
2
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.
INGLEBURN - Properties For Rent
Median Rental Price
Rental Yield
Number of Rentals
Based on 244 recorded House rentals within the last 12 months (Oct '14 - Sep '15)
Current Median Price: $588,000 Current Median Rent: $420
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 237 recorded House sales and 244 House rentals compared over the last 12 months
Based on a rolling 12 month period and may differ from calendar year statistics
+3.7%
$420 /w
44 EUROKA ST
10 PERCY ST
30 MCLAREN PL
$480
$440
Oct
2015 3 Days
632 m²
5
1
-
2015 5 Days
Oct
791 m²
3
196 m²
3
2
3
1
3
6 Days
1
1
2015
4
6 Days
2
11 Days
5
1
$400
Oct
2015
1
12 MCLAREN PL $450 per
Oct
1
Oct
2015
$600 per
3
334 m²
$530
37 CARLISLE ST
5
5 Days
66 ARTHUR ALLAN DR
Oct
INGLEBURN
11 Days
1
2015
$340
Oct
2015
1
30/6 DOTTERAL PL $410
6 Days
$410
Oct
39C AUBREY ST
2015
244
Oct
1,263 m²
3
1
1
2015 11 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
344 m²
3
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.
7/2 WHIPBIRD AVE
7 CARINDA ST
22 LIVERPOOL ST
$380
$380
Oct
2015 11 Days
Oct
5,840 m²
2
1
1
39 NARDOO ST
2015 12 Days
Oct
556 m²
3
3
1
-
2015 13 Days
3
1
1
2015 20 Days
366 m²
3
1
1
2
1
558 m²
3
1
32 Days
1
1
$350 per
2015 31 Days
563 m²
3
1
1
5 RUPERT ST $415 pw
Sep
5,840 m²
14 Days
$430 per
2015
-
Sep
4 PARDALOTE ST
Sep
2
79 STANLEY RD
$380
32 Days
-
Oct
7/2 WHIPBIRD AVE
2015
1
2015
$400.00 p/w
Oct
3
2
$430
25 WILKINSON CRES
354 m²
563 m²
Oct
556 m²
$400
15 Days
12 Days
33 CARLISLE ST
Oct
556 m²
54 MCLAREN PL
2015
1
2015
$410
Oct
13 Days
1
37 NARDOO ST $390
2015
$400
Sep
828 m²
4
1
1
2015 35 Days
Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)
221 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.
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