Local Market Report August 2018

Coomera This report covers your local suburbs of Coomera, Oxenford, Pimpama, Upper Coomera and Willow Vale. August 2018Brought to you by the team at LJ Hooker Coomerapq (07) 5585 7888 ef [email protected] xw coomera.ljhooker.com.au

What’s happening in our local property market Strongest growth Most traded Fastest sellers Willow Vale Upper Coomera Oxenford 27.1% 494 sales 27 days Coomera Coomera Oxenford 22.3% 305 sales 29 daysAt LJ Hooker Coomera our goal is to provide you with the information you need to make conident decisions aboutproperty - whether you are buying, selling, investing or renting. We have created this report which details local marketconditions and how property is performing in your area which at times can be very different to the combined performanceof the capital cities. Let us help you stay on top of changes in your local property market every month.Across our local market, we have seen 2,070 properties listed for sale, over the past 12 months, which is lower than the same timelast year. This has impacted sales with 2,113 taking place over the past 12 months. Looking at the house market, the best performingsuburb, over the past 12 months, has been Willow Vale which has seen its median sales price grow by 27.1%. The median sales priceof a home in Willow Vale is now $1,032,500. Oxenford saw its median house sales price grow by 6.1% with the median price nowsitting at $536,000 and Upper Coomera grew 4.0% across 494 individual sales with a median of $495,000.The most traded suburb for houses in our area has been Upper Coomera with 494 homes sold over the past 12 months while Coomerahad the most unit sales with 305 transactions. House prices in Upper Coomera have performed well with growth of 4.0% and now havea median price of $495,000.Over the past month, about $2,676,000 in units and $12.56m in houses has been sold in Upper Coomera with $75.5m and $250.1mrespectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 22.3% over the past 12 months. The median salesprice for units in Coomera is now $495,000 and with a median rent of $420 a week, they offer a rental yield of 5.7%.The highest median housing rents in our area are $483 per week in Oxenford and for units $420 per week in Coomera. Housing rentalyields in Upper Coomera are currently 5.1% demonstrating why the area is popular with investors.The time it takes to sell a house in our region ranges from 27 days in Oxenford to 87 days in Willow Vale, and the shortest median timeto sell a unit is 29 days in Oxenford.Top performing local suburbs Willow Vale 18 $1,032,500 27.1% 4.6% 211 $536,000 6.1% 2.0%Houses Oxenford 494 $495,000 4.0% 1.8% Upper Coomera 305 $495,000 22.3% 4.9% 195 $390,000 6.8% 1.1% Coomera 111 $331,000 4.1% 2.0%Units Pimpama Annual Change over 10 years OxenfordNumber sold (12 months) Median Price Median Growth 12 months Coomera

This month it’s all about Oxenford Over 12-month period (1 May 2017 to 30 Apr 2018) Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Oxenford where Number Sold 211 111 272 houses were listed for sale over the past year. Houses in Median Sale Price $536,000 $331,000 Oxenford have an average land size of 1,088 square metres. Annual Change in Median Price Median Asking Rent 6.1% 4.1%d The suburb also has a medium apartment market with 120 units Indicative Gross Rental Yield $483 $360 listed for sale over the past year. Total Listings 5.0% 5.5% Median Days on Market 272 120d The suburb is tightly held with residents typically holding their house Total Value of Sales for 10 years. 27 29 $125.21m $36.65md The median value of houses in Oxenford is $522,328. This is lower than the median sales price which is currently $536,000.d Over the past 12 months, buyer interest has lifted with 211 houses sold this year compared to 205 sales last year.d Houses are typically selling within 27 days.d Sales prices have grown by 6.1% over the past 12 months and vendors are typically discounting by -5.0% to secure a sale.d All of this means it is now a great time to sell in Oxenford.Our local area expertise – investingFor housing investors, the best buying in our area For those interested in investing in houses, alsocan be found in Upper Coomera where houses consider Oxenford where prices have grownare returning a 5.1% yield, while units in Upper 6.1% while yields are 5.0% - which could be aCoomera are returning a 6.2% yield - making cash low positive investment.it a good place for savvy investors to look forinlation-beating returns. Highest yielding suburbs in our areaThe median price of a house in Upper Coomera Suburb Number Median Sale Change Median Indicativecurrently is $495,000 and average rents are Upper Coomera Sold* Price* in Median Asking Rent* Gross Rental$450 per week whereas median unit prices are Oxenford$380,000 in Upper Coomera with rents of $395 Pimpama Price* Yield*per week. This means it could be possible to Upper Coomerapurchase a cash-positive investment unit. Coomera 494 $495,000 4.0% $450 5.1% OxenfordUnit prices in Upper Coomera have done well, 211 $536,000 6.1% $483 5.0%growing 2.4% over the past year, meaning rentalreturns are supported by reasonable capital 195 $475,000 -3.1% $430 4.8%growth. 183 $380,000 2.4% $395 6.2%Coomera is the second best yielding unit suburbin our area with units that cost around the 305 $495,000 22.3% $420 5.7%median price of $495,000 returning 5.7% withmedian asking rents of $420 per week, while 111 $331,000 4.1% $360 5.5%Oxenford also is worth watching with returns of5.5% based on a median price of $331,000 andrents of $360 per week.Coomera

Thinking about a spring move?It may not feel like it but spring is just around the corner. So if you’re thinking of selling, this comingspring, it’s best to start planning now.An LJ Hooker Market Update will give you the perfect understanding of what’s happening with yourproperty in today’s market.Know what your property is worth in today’s market.Ask the team at LJ Hooker Coomera. (07) 5585 7888 [email protected] coomera.ljhooker.com.au Coomera Data 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 damage sustained 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 this publication 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 as general information only and is not intended as inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au