QMR Spring Farm & Elderslie- October 2015

Spring Farm & Elderslie

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 Rhonda Ekinci 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 with the skyrocketing demand for registered

23 Ingham Street, Spring Farm SOLD BY $670,000 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.

RHONDA EKINCI 0402 696 228

FOR PROPERTY ADVICE AND HELP IN SPRING FARM AND SURROUNDING SUBURBS

3

SPRING FARM - Sales Statistics (Houses) Year

# Sales

Median

Growth

Low

High

1997

1

$ 1,050,000

0.0 %

$ 1,050,000

$ 1,050,000

1998

7

$ 88,000

-91.6 %

$ 82,000

$ 226,850

1999

19

$ 95,000

8.0 %

$ 85,000

$ 243,000

2000

8

$ 280,000

194.7 %

$ 130,000

$ 350,000

2001

12

$ 284,500

1.6 %

$ 145,000

$ 305,000

2002

4

$ 366,250

28.7 %

$ 330,000

$ 474,000

2003

8

$ 341,500

-6.8 %

$ 265,000

$ 555,000

2004

9

$ 428,000

25.3 %

$ 307,000

$ 8,650,000

2005

3

$ 385,000

-10.0 %

$ 320,000

$ 400,000

2006

10

$ 450,000

16.9 %

$ 260,000

$ 450,000

2007

9

$ 340,000

-24.4 %

$ 325,000

$ 412,000

2008

34

$ 370,750

9.0 %

$ 180,000

$ 2,250,000

2009

60

$ 373,250

0.7 %

$ 3,700

$ 662,000

2010

48

$ 425,000

13.9 %

$ 165,000

$ 562,000

2011

68

$ 384,900

-9.4 %

$ 40,000

$ 710,000

2012

61

$ 445,000

15.6 %

$ 215,000

$ 1,210,500

2013

89

$ 470,000

5.6 %

$ 184,000

$ 3,850,000

2014

120

$ 535,000

13.8 %

$ 220,000

$ 725,000

2015

65

$ 600,000

12.1 %

$ 60,000

$ 6,661,000

Median Sale Price

$582k

Based on 102 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

+13.3%

Current Median Price: $582,500 Previous Median Price: $514,000 Based on 216 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.

SPRING FARM - Peak Selling Periods

SPRING FARM - 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.

SPRING FARM - Median Weekly Rents (Houses) Suburb Sale Price Growth

+13.3%

Current Median Price: $582,500 Previous Median Price: $514,000

Based on 216 registered House sales compared over the last two rolling 12 month periods.

Bedroom Breakdown

Suburb Rental Yield

+4.5%

Current Median Price: $582,500 Current Median Rent: $500

Based on 108 registered House sales compared over ther last 12 months.

SPRING FARM - Median Weekly Rents (Units) Suburb Sale Price Growth

+12.4%

Current Median Price: $476,000 Previous Median Price: $423,500

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

Bedroom Breakdown

Suburb Rental Yield

+4.3%

Current Median Price: $476,000 Current Median Rent: $390

Based on 7 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.

SPRING FARM - Recently Sold Properties

Median Sale Price

Suburb Growth

# Sold Properties

Based on 102 recorded House sales within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $582,500 Previous Median Price: $514,000

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 216 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

$582k

+13.3%

9 DELAWARE ST

15 DENTON RD

CORDER DR

$680,000

Oct

2015 25 Days

$650,000

Oct

550 m²

4

2

2

11 INGHAM ST

2015 54 Days

4

453 m²

4

2

2

2015 19 Days

4

3

3

10 Days

2

$741,000

353 m²

4

2

2

2015 35 Days

610 m²

4

2

2

21 LANGSHAN ST $665,000

2015

2

Sep

Sep

465 m²

4

14 Days

$604,000

15 ANCONA AVE

Sep

2015

34 EASTON AVE

$790,000

N/A

2

Sep

11 MINORCA CCT

2015

2

31 BELMONT AVE

Sep

17 Days

$657,000

Sep

488 m²

$720,000

2015

102

$750,000

Sep

4

2

2

2015

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

526 m²

5

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.

77 MINORCA CCT

9 CAMPINE ST

112 MINORCA CCT

$600,000

Aug

2015 26 Days

$60,000

Aug

435 m²

3

2

2

52 REYNOLDS ST

2015 N/A

Aug

504 m²

-

Aug

122 Days

495 m²

4

2

2

2015

3

2

1

17 GALLINA DR

21 Days

438 m²

3

N/A

2

2

2015 18 Days

3

2

1

139 Days

-

4

49 Days

2

2

$700,000

Aug

376 m²

3

2

2

2015 9 Days

534 m²

4

2

2

12 EASTON AVE

Jul

348 m²

2015

$623,200

2015

-

$650,000

$620,000

112 SPRINGS RD

Aug

-

6 DELAWARE ST

$593,000

2015

248 m²

Aug

Aug

300 m²

N/A

$555,000

72 BELMONT AVE

Aug

2015

LOT 3320 NICHOLSON PDE

$545,000

9 Days

-

Aug

33 DELAWARE ST

2015

-

53 BANDARA CCT $695,000

2015

$217,500

$705,000

Jul

186 m²

4

2

2

2015 8 Days

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

641 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.

SPRING FARM - Properties For Rent

Median Rental Price

Rental Yield

Number of Rentals

Based on 108 recorded House rentals within the last 12 months (Oct '14 - Sep '15)

Current Median Price: $582,500 Current Median Rent: $500

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 102 recorded House sales and 108 House rentals compared over the last 12 months

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

+4.5%

$500 /w

29 BANDARA CCT

43 GARTON RD

29 ANCONA AVE

$440

$470

Oct

2015 6 Days

324 m²

3

2

1

Oct

2015

3

6 Days

407 m²

4

2

2

2015 19 Days

498 m²

4

2

2

2015 27 Days

506 m²

4

1

32 Days

2

2

2

$520 per

Sep

2015

2

16 DENTON RD $470

Sep

2

4

Sep

$485 per

3

624 m²

$520.00

43 GARTON RD

491 m²

8 Days

4 CONRAN WAY

Oct

12 ORWELL PL

28 Days

1

2015

$530 pw

Oct

2015

2

15 ANCONA AVE $515 per

11 Days

$520

Oct

11 BLAIN RD

2015

108

Sep

3

2

1

2015 40 Days

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

387 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.

15 BANDARA CCT

10 DELAWARE ST

8 LANGSHAN ST

$480 / Wk

$470 per

Sep

2015 40 Days

Sep

329 m²

3

2

1

44A EASTON AVE

2015 41 Days

Aug

363 m²

3

4

2

1

37 REYNOLDS ST

4

104 Days

1

2

2015 188 Days

392 m²

4

2

2

2

7.93 ha

4

2015 194 Days

387 m²

4

$550 / Wk

2

208 Days

2

2

2

2

29 EASTON AVE $530 / Wk

Apr

3

164 Days

Apr

$495 pw

2015

2

$540

34 REYNOLDS ST

Apr

2

28 DELAWARE ST

Apr

7 DUTTON ST

202 Days

2

2015

$500

May

2

3

$550

19 GARTON RD

4

516 m²

May

2015

$490

13.24 ha

70 Days

18 ARGENT ST

Jul

86 Days

2015

1

2015

$510 P/W

Aug

2015

171 Days

2

11 OATES PL $500

2015

$480 Per

Mar

449 m²

4

2

2

2015 215 Days

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

610 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