QMR Raby- October 2015

Raby

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 Natasha Williams 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

17 McDonnell Street, Raby SOLD BY $580,000 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.

NATASHA WILLIAMS 0401 223 011

FOR PROPERTY ADVICE AND HELP IN RABY AND SURROUNDING SUBURBS

3

RABY - Sales Statistics (Houses) Year

# Sales

Median

1997

113

$ 141,000

1998

142

1999

Growth

Low

High

0.0 %

$ 32,500

$ 345,000

$ 154,500

9.6 %

$ 34,226

$ 272,000

144

$ 160,075

3.6 %

$ 22,500

$ 1,321,000

2000

135

$ 186,000

16.2 %

$ 5,000

$ 285,000

2001

159

$ 213,000

14.5 %

$ 15,000

$ 440,215

2002

161

$ 257,500

20.9 %

$ 47,000

$ 2,484,000

2003

140

$ 315,000

22.3 %

$ 7,500

$ 800,000

2004

82

$ 345,000

9.5 %

$ 3,700

$ 512,000

2005

78

$ 325,000

-5.8 %

$ 2,000

$ 605,000

2006

91

$ 322,000

-0.9 %

$ 230,000

$ 480,000

2007

99

$ 306,000

-5.0 %

$ 80,000

$ 2,975,000

2008

77

$ 320,000

4.6 %

$ 82,500

$ 1,150,000

2009

105

$ 317,000

-0.9 %

$ 4,950

$ 695,000

2010

71

$ 355,000

12.0 %

$ 3,600

$ 540,000

2011

100

$ 352,500

-0.7 %

$ 135,000

$ 740,000

2012

77

$ 362,500

2.8 %

$ 250,000

$ 2,500,000

2013

86

$ 392,000

8.1 %

$ 127,690

$ 760,000

2014

111

$ 450,000

14.8 %

$ 6,095

$ 625,000

2015

58

$ 548,000

21.8 %

$ 11,000

$ 1,321,000

Median Sale Price

$527k

Based on 79 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

+20.6%

Current Median Price: $527,000 Previous Median Price: $437,000 Based on 193 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.

RABY - Peak Selling Periods

RABY - 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.

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

+20.6%

Current Median Price: $527,000 Previous Median Price: $437,000

Based on 193 registered House sales compared over the last two rolling 12 month periods.

Bedroom Breakdown

Suburb Rental Yield

+4.2%

Current Median Price: $527,000 Current Median Rent: $430

Based on 56 registered House sales compared over ther last 12 months.

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

+27.3%

Current Median Price: $420,000 Previous Median Price: $330,000

Based on 13 registered Unit sales compared over the last two rolling 12 month periods.

Bedroom Breakdown

Suburb Rental Yield

+4.7%

Current Median Price: $420,000 Current Median Rent: $380

Based on 5 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.

RABY - Recently Sold Properties

Median Sale Price

Suburb Growth

# Sold Properties

Based on 79 recorded House sales within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $527,000 Previous Median Price: $437,000

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 193 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

$527k

+20.6%

81A MCDONNELL ST

46 MCDONNELL ST

36 BOOMERANG CRES

$447,000

Oct

2015 12 Days

$642,000

Oct

322 m²

3

1

1

9 THUNDERBOLT DR

2015 34 Days

3

574 m²

3

1

1

2015 41 Days

4

2

1

700 m²

5

11 Days

1

$535,000

561 m²

4

2

3

2015 40 Days

575 m²

3

1

2

8 HAWKER PL $651,500

2015

1

Sep

Aug

643 m²

49 Days

$632,500

133 SPITFIRE DR

Sep

2015

8 HAMPDEN PL

$600,000

14 Days

2

Sep

3 HAWKER PL

2015

2

3 STARFIGHTER AVE

Sep

27 Days

$613,000

Sep

654 m²

$520,000

2015

79

$535,000

Aug

666 m²

4

2

1

2015 52 Days

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

588 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.

22 MIRAGE AVE

52 KITTYHAWK CRES

29 SKYFARMER PL

$640,000

Aug

2015 20 Days

$595,000

Aug

580 m²

3

2

3

47 DE HAVILLAND CRES

2015 42 Days

Aug

569 m²

3

Aug N/A

689 m²

-

-

-

2015

4

2

2

3 SABRE PL

31 Days

633 m²

4

2

2

2015 34 Days

4

2

2

30 Days

2

31 Days

612 m²

5

3

2

$550,000

Aug

833 m²

5

2

2

2015 N/A

600 m²

3

1

1

16 ARMSTRONG ST

Aug

558 m²

2015

$585,000

2015

2

$700,000

$713,500

6 SWORDFISH AVE

Aug

27 Days

4

3 VISCOUNT CL

$574,000

2015

500 m²

Aug

Aug

707 m²

27 Days

$705,000

74 THUNDERBOLT DR

Aug

2015

19 STARFIGHTER AVE

$11,000

N/A

3

Aug

5 BEAUFIGHTER ST

2015

1

7 NEPTUNE ST $616,000

2015

$600,000

$585,000

Jul

570 m²

3

1

2

2015 5 Days

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

609 m²

4

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.

RABY - Properties For Rent

Median Rental Price

Rental Yield

Number of Rentals

Based on 56 recorded House rentals within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $527,000 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 79 recorded House sales and 56 House rentals compared over the last 12 months

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

+4.2%

$430 /w

45 THUNDERBOLT DR

32 THUNDERBOLT DR

3 BRISTOL AVE

$500.00 per

Oct

2015 5 Days

$480.00

585 m²

3

1

1

2015 17 Days

Oct

731 m²

4

587 m²

3

1

1

2015 24 Days

581 m²

4

2

1

2015 35 Days

618 m²

3

2

103 Days

2

1

1

$510

Jul

2015

1

CARIBOU PL $420

Sep

1

3

$410 per

10 SPITFIRE DR

4

600 m²

Sep

$475 P/W

819 m²

18 Days

12 NEPTUNE ST

Oct

63 BOOMERANG CRES

47 Days

3

2015

$480 Per

Oct

2015

2

37 THUNDERBOLT DR $465.00

20 Days

$420 Per

Oct

10 SKYHAWK AVE

2015

56

Apr

559 m²

3

1

1

2015 194 Days

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

586 m²

5

2

3

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 STINGRAY CL

10 BOOMERANG CRES

5 VICTOR PL

$400 per

$540 Per

Apr

2015 202 Days

Mar

585 m²

3

1

1

51 THUNDERBOLT DR

2015 210 Days

Feb

672 m²

5

4

1

-

2014 431 Days

565 m²

3

1

1

$420 Per

Jul

578 m²

3

1

1

2014 453 Days

600 m²

3

1

2

35 SWORDFISH AVE $400 / Wk

$420 / Wk

Jul

460 Days

249 Days

3 BRISTOL AVE

Aug

581 m²

46 SPITFIRE DR

2014

2

2015

$410 per

Jan

270 Days

2

6 VISCOUNT CL $390

2015

$410

May

594 m²

3

1

1

2014 529 Days

600 m²

4

2

2

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

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