LMR May 2017

Coomera LocalMarket your local property reportMarket Overview May 2017It is a great time to sell in our local area. The number of listings has fallen, reducing competitionfor home sellers. There has been a drop in sales in our local market with 2,017 sales last yearcompared to 1,875 sales now. We have seen median house sales prices move within a range from-5.2% in Willow Vale to 6.3% in Upper Coomera.In houses, the best performing suburb year. At a glancecurrently is Upper Coomera with themedian sales price growing 6.3% Oxenford has demonstrated the Strongest growthover the past year. The median sales strongest price growth for units with Upper Coomeraprice of a home in Upper Coomera is prices rising 12.5% over the past year. 6.3%now $465,500. House sales prices in The median price for units in OxenfordCoomera grew 5.3% with the median is now $325,000 and with a median Most tradedprice at $476,000 and Pimpama grew rent of $350 a week, they offer an Upper Coomera3.9% across 190 individual sales with excellent rental yield of 5.6%. 518a median of $462,250. The highest median housing rents Fastest sellersThe most traded suburb for houses in our area are $508 per week in Oxenfordin our area has been Upper Coomera Willow Vale and for units $400 per 30with 518 homes sold while Coomera week in Coomera. Housing rentalhad the most unit sales with 363 yields in Oxenford are currently 5.4%transactions over the past year. demonstrating why the area is popularHouses in Upper Coomera have with investors.performed well with growth of 6.3%and now have a median price of The median time it takes to sell a$465,500. house in our region ranges from 30 days in Oxenford to 54 days in WillowOver the past month, about Vale and the shortest median time to$2,178,000 in units and $13.88m sell a unit is 41 days in Oxenford.in houses has been sold in UpperCoomera with $50.69m and$259.94m respectively sold across theHouses Top Performing Suburbs 518 $465,500 6.3% 2.9% For more information Units Upper Coomera 176 $476,000 5.3% 3.5% on our local property Coomera 190 $462,250 3.9% 0.7% market please call Pimpama 107 $325,000 12.5% 3.6% LJ Hooker Coomera on Oxenford 363 $393,000 12.3% 6% (07) 5585 7888 Coomera 124 $356,500 11.2% 0.5% PimpamaNumber sold (12 months) Median Price Median Growth 12 months Average Annual Growth 10 years

Our thoughts on long term performanceResearch shows that most people This igure also compares to the 10 year growth suburbs in our areaown a property for an average of median price change of 5.3% overseven years before they decide to the past 12 months. Suburb 10yrsell. Compound The median price of houses inThis means that while Coomera is currently $476,000. Growthunderstanding growth over the The suburb has also performedpast year is a good indicator of very strongly over the past three Coomera 2.9%current performance and if a years with a growth of 32.2%.suburb is 'hot', the longer term Upper Coomera 2.7%performance of a suburb is often a Of course, past growth is not amore reliable indicator of the value guarantee of future performance Oxenford 2.6%of a property. but it does give you an insight into the fundamentals. Coomera 5.1%The best performing suburb inour area for long term growth is Oxenford 3.3%Coomera where houses havegrown an average of 3.5% over Upper Coomera 1.2%the past 10 years. This igure isannualised, so it identiies thatproperties in the suburb havegrown by this average amounteach year.This month’s suburb profile: Upper CoomeraOne of the most popular suburbs 550 sales last year. All of this means it is now a greatin our region is Upper Coomera Houses are typically selling within time to sell in Upper Coomera.where 590 houses were listed for 36 days.sale over the past year. Houses in (12 months)Sales prices have grown by 6.3%Houses UnitsUpper Coomera have an average over the past 12 months andland size of 737 square metres. vendors are typically discounting 518 152 by -4.5% to secure a sale. $465,500 $358,900The suburb also has a largeapartment market with 142 units Number Sold 6.3% 8.8%listed for sale over the past year. Median Sale Price $440 $385 Annual Change in Median Price 5.2% 6.2%The suburb is tightly held with Median Asking Rent 590 142residents typically holding their Indicative Gross Rental Yieldhouse for 7 years. Total Listings 36 41 Median Days on Market $259.94m $50.69mThe median value of houses in Total Value of SalesUpper Coomera is $452,584. Thisis lower than the median salesprice which is currently $465,500.Over the past 12 months, buyerinterest has eased with 518houses sold this year compared toData for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damagesustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in thispublication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided asgeneral information only and is not intended as inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au