QMR Narellan- October 2015

Narellan

MARKET REPORT QUARTERLY - OCTOBER 2015

02 4624 4400

www.prudential.com.au

WHAT’S HAPPENING IN YOUR LOCAL PROPERTY MARKET? What a wild ride!

Hi it’s Nick Gauci here from Prudential Real Estate.

Wow, what a rollercoaster the Macarthur

71 Governors Way, Macquarie Links, $1,550,000 -

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.

$1,650,000 and Lot 5319 Austen Boulevard, Spring Farm $400,000 - $430,000.

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 homesas many as 70 people at every open!

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.

With spring in the air we are seeing an influx of properties listed on the local market. This is great news for buyers and vendors looking to sell, with greater choice of properties available. Some recently listed gems on the market include:

2

www.prudential.com.au

Although foot traffic at open homes has slowed a little we are still seeing quality buyers out and about and strong prices being achieved. Recent sales achieved in the area attest to the quality of buyers in the market with 6 Purcell Street, Elderslie achieving a mind-blowing $1,280,000. Other noteworthy sales include 9 Delaware Road, Spring Farm, selling for $680,000 and 2 Fishburn Place, Narellan which sold for $650,000.

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

23 Ingham Street, Spring Farm SOLD BY $670,000 with the skyrocketing demand for registered 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.

NICK GAUCI 0421 639 638

FOR PROPERTY ADVICE AND HELP IN NARELLAN AND SURROUNDING SUBURBS

3

NARELLAN - Sales Statistics (Houses) Year

# Sales

Median

Growth

Low

High

1997

99

$ 145,000

0.0 %

$ 16,000

$ 1,485,000

1998

94

$ 165,500

14.1 %

$ 45,000

$ 312,500

1999

106

$ 185,000

11.8 %

$ 14,000

$ 335,000

2000

80

$ 217,000

17.3 %

$ 5,000

$ 359,000

2001

113

$ 234,000

7.8 %

$ 80,000

$ 540,000

2002

94

$ 279,750

19.6 %

$ 67,000

$ 1,450,000

2003

114

$ 346,500

23.9 %

$ 70,000

$ 1,200,000

2004

48

$ 361,548

4.3 %

$ 60,000

$ 3,250,000

2005

53

$ 353,000

-2.4 %

$ 192,500

$ 3,125,000

2006

76

$ 355,000

0.6 %

$ 137,500

$ 500,000

2007

54

$ 325,000

-8.5 %

$ 117,500

$ 490,000

2008

49

$ 325,000

0.0 %

$ 100,000

$ 911,400

2009

56

$ 340,000

4.6 %

$ 130,000

$ 485,000

2010

51

$ 375,000

10.3 %

$ 180,000

$ 605,000

2011

93

$ 387,000

3.2 %

$ 126,402

$ 520,000

2012

55

$ 370,000

-4.4 %

$ 7,000

$ 3,500,000

2013

60

$ 415,000

12.2 %

$ 75,000

$ 770,000

2014

88

$ 479,900

15.6 %

$ 120,000

$ 635,000

2015

34

$ 593,500

23.7 %

$ 115,000

$ 1,370,000

Median Sale Price

$555k

Based on 54 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

+20.7%

Current Median Price: $555,000 Previous Median Price: $460,000 Based on 142 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.

NARELLAN - Peak Selling Periods

NARELLAN - 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.

NARELLAN - Median Weekly Rents (Houses) Suburb Sale Price Growth

+20.7%

Current Median Price: $555,000 Previous Median Price: $460,000

Based on 142 registered House sales compared over the last two rolling 12 month periods.

Bedroom Breakdown

Suburb Rental Yield

+4.0%

Current Median Price: $555,000 Current Median Rent: $430

Based on 66 registered House sales compared over ther last 12 months.

NARELLAN - Median Weekly Rents (Units) Suburb Sale Price Growth

-13.8%

Current Median Price: $340,000 Previous Median Price: $394,500

Based on 11 registered Unit sales compared over the last two rolling 12 month periods.

Bedroom Breakdown

Suburb Rental Yield

+5.6%

Current Median Price: $340,000 Current Median Rent: $365

Based on 6 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.

NARELLAN - Recently Sold Properties

Median Sale Price

Suburb Growth

# Sold Properties

Based on 54 recorded House sales within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $555,000 Previous Median Price: $460,000

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 142 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

$555k

+20.7%

2 FISHBURN PL

9 COGHILL ST

3 CLINTON DR

$650,000

Oct

2015 28 Days

$860,000

Oct

676 m²

3

2

1

58 SIRIUS CCT

2015 27 Days

3

N/A

613 m²

4

2

2

2015 N/A

4

1

1

757 m²

3

1

$699,000

696 m²

4

2

2

2015 N/A

484 m²

-

23 Days

-

-

6 HANGER PL $630,000

2015

1

Sep

Aug

697 m²

26 Days

$699,000

32 SIRIUS CCT

Aug

2015

77-83 LORIMER CRES

$551,000

7 Days

1

Sep

28 WOODLAND CRES

2015

1

LOT 4 LODGES RD

Sep

$590,000

Sep

992 m²

$700,000

2015

54

$627,500

Aug

577 m²

4

2

2

2015 9 Days

Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)

664 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.

1 RICHARDSON RD

22 DONCASTER AVE

77-83 LORIMER CRES

$661,000

Aug

2015 32 Days

$665,000

Aug

746 m²

3

1

2

17 SOMERSET AVE

2015 N/A

Aug

645 m²

3

Aug

11 Days

708 m²

-

-

-

2015

4

2

1

104 QUEEN ST

7 Days

765 m²

4

2

2

2015 80 Days

4

2

2

9 Days

-

8 Days

702 m²

5

2

1

$515,000

Aug

696 m²

4

1

-

2015 39 Days

233 m²

3

1

1

2 LISA CL

Jul

702 m²

2015

$595,000

2015

-

$650,239

$550,000

88 QUEEN ST

Aug

31 Days

-

9 SUNNYDALE PL

$592,000

2015

495 m²

Aug

Aug

683 m²

N/A

$650,000

58 RICHARDSON RD

Aug

2015

20 BORROWDALE CL

$595,000

12 Days

2

Aug

14 HOVELL ST

2015

1

53 WILSON CRES $115,000

2015

$699,000

$502,500

Jul

653 m²

4

1

2

2015 2 Days

Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)

552 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.

NARELLAN - Properties For Rent

Median Rental Price

Rental Yield

Number of Rentals

Based on 66 recorded House rentals within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $555,000 Current Median Rent: $430

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 54 recorded House sales and 66 House rentals compared over the last 12 months

Based on a rolling 12 month period and may differ from calendar year statistics

+4.0%

$430 /w

8 SOPHIA ST

1 SIRIUS CCT

22 DONCASTER AVE

$520

$530

Oct

4

10 Days

2

2

58 SIRIUS CCT

2015 13 Days

Oct

602 m²

4

Oct

613 m²

4

2

2

1

645 m²

3

2015 26 Days

2

151 Days

2

Sep

745 m²

3

1

2

2015 39 Days

771 m²

3

1

2

23 CLINTON DR $450 Weekly

2015

1

$430 per

May

4

18 Days

$445

249 CAMDEN VALLEY WAY

Aug

1,317 m²

2015

7 RUDD ST

$500 per

78 Days

2

Oct

48 VALLEY VIEW DR

2015

2

78 WOODLAND CRES $575 Weekly

19 Days

$450

Oct

2015

2015

66

$420

May

4,349 m²

3

1

2

2015 175 Days

Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)

700 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.

1/9 LODGES RD

6 AUBERT ST

23 CLINTON DR

$375 Per

$550

May

2015 179 Days

Mar

2,531 m²

2

1

1

8 HOVELL ST

2015 211 Days

Feb

653 m²

5

4

1

1

2014 451 Days

4

1

-

2014 489 Days

3

1

904 m²

3

2

538 Days

1

1

Jun

701 m²

3

2

1

2014 504 Days

843 m²

2

1

2

7 MOUNTAIN VIEW PL $500 per

May

696 m²

453 Days

$450

2014

-

$340 per

4 FISHBURN PL

May

1

254 CAMDEN VALLEY WAY

$410

523 Days

2

2014

$470 per

4 ST JAMES PL

2014

2

Jun

2

3

$370

2 CAMBRIDGE PL

Jul

702 m²

700 m²

Jul

473 m²

$300 per

456 Days

243 Days

8 HAMILTON PL

Aug

702 m²

14 WILSON CRES

2014

1

2015

575

Dec

320 Days

2

9 LORIMER CRES $420

2014

$420

Mar

618 m²

3

1

2

2014 588 Days

Prepared on 26/10/2015 by Prudential Real Estate Campbelltown. © Property Data Solutions Pty Ltd 2015 (pricefinder.com.au)

686 m²

4

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.

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 4624 4400

www.prudential.com.au