Local Market Report April 2018

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

What’s happening in our local property market Strongest growth Most traded Fastest sellers Willow Vale Upper Coomera Oxenford 16.3% 489 sales 22 days Coomera Coomera Oxenford 12.5% 339 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 2,114 properties listed for sale, over the past 12 months, which is higher than the same timelast year. This has impacted sales with 2,122 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 16.3%. The median sales priceof a home in Willow Vale is now $930,000. Oxenford saw its median house sales price grow by 7.5% with the median price now sittingat $532,000 and Upper Coomera grew 6.9% across 489 individual sales with a median of $495,000.The most traded suburb for houses in our area has been Upper Coomera with 489 homes sold over the past 12 months while Coomerahad the most unit sales with 339 transactions. House prices in Upper Coomera have performed well with growth of 6.9% and now havea median price of $495,000.Over the past month, about $1,097,000 in units and $8,568,000 in houses has been sold in Upper Coomera with $73.04m and$265.59m respectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 12.5% over the past 12 months. The median salesprice for units in Coomera is now $422,500 and with a median rent of $410 a week, they offer a rental yield of 5.7%.The highest median housing rents in our area are $550 per week in Willow Vale and for units $410 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 22 days in Oxenford to 145 days in Willow Vale, and the shortest median timeto sell a unit is 29 days in Oxenford.Top performing local suburbs Willow Vale 19 $930,000 16.3% 2.4% 187 $532,000 7.5% 2.6%Houses Oxenford 489 $495,000 6.9% 2.3% Upper Coomera 339 $422,500 12.5% 4.4% 172 $380,000 7.0% 1.4% Coomera 115 $325,000 2.7% 2.2%Units Upper Coomera Annual Change over 10 years OxenfordNumber sold (12 months) Median Price Median Growth 12 months Coomera

This month it’s all about Upper Coomera Over 12-month period (1 Jan 2017 to 31 Dec 2017) Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Upper Coomera Number Sold 489 172 where 614 houses were listed for sale over the past year. Houses in Median Sale Price $495,000 $380,000 Upper Coomera have an average land size of 715 square metres. Annual Change in Median Price Median Asking Rent 6.9% 7.0%d The suburb also has a large apartment market with 175 units listed Indicative Gross Rental Yield $450 $395 for sale over the past year. Total Listings 5.1% 6.1% Median Days on Market 614 175d The suburb is tightly held with residents typically holding their house Total Value of Sales for 7 years. 42 41 $265.59m $73.04md The median value of houses in Upper Coomera is $497,557. This is higher than the median sales price which is currently $495,000.d Over the past 12 months, buyer interest has eased with 489 houses sold this year compared to 558 sales last year.d Houses are typically selling within 42 days.d Sales prices have grown by 6.9% 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 good time to buy in Upper Coomera.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 movedare returning a 5.1% yield, while units in Upper strongly by 7.5% while yields are 5.0% - whichCoomera are returning a 6.1% yield - making could be a 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 Coomera Price* Yield*per week. This means it could be possible to Upper Coomerapurchase a cash-positive investment unit. Coomera 489 $495,000 6.9% $450 5.1% OxenfordUnit prices in Upper Coomera have jumped by 187 $532,000 7.5% $480 5.0%7.0% over the past year, meaning investors whobought a year ago have seen good gains and 109 $450,000 -5.7% $430 4.9%good rental returns. 172 $380,000 7.0% $395 6.1%Coomera is the second best yielding unit suburbin our area with units that cost around the 339 $422,500 12.5% $410 5.7%median price of $422,500 returning 5.7% withmedian asking rents of $410 per week, while 115 $325,000 2.7% $360 5.5%Oxenford also is worth watching with returns of5.5% based on a median price of $325,000 andrents of $360 per week.Coomera

Make a move and you could WIN* $1,000,000 There are now 1 million more reasons to tap into 90 Years Of Experience. Get a market update or list your property for sale before April 30 2018, and you could be spinning the prize wheel for a chance to win $1,000,000 to spend with us. Make your move now. *Terms and conditions apply, see win.ljhooker.com.au for details. Authorised under permit numbers ACT TP 17/02636, NSW LTPS/17/20764, SA T17/2453. © LJ Hooker Corporation Limited.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