Local Market Report - November 2018

Coomera This report covers your local suburbs of Coomera, Oxenford, Pimpama, Upper Coomera and Willow Vale. November 2018Brought to you by the team at LJ Hooker Coomeraqp (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 Upper Coomera Upper Coomera Oxenford 2.9% 504 sales 34 days Coomera Coomera Oxenford 25.5% 300 sales 29 daysAt LJ Hooker Coomera our goal is to provide you with the information you need to make confident 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 2,003 properties listed for sale, over the past 12 months, which is lower than the same timelast year. This has impacted sales with 1,910 taking place over the past 12 months. Looking at the house market, the best performingsuburb, over the past 12 months, has been Upper Coomera which has seen its median sales price grow by 2.9%. The median salesprice of a home in Upper Coomera is now $499,000. Oxenford saw its median house sales price grow by 2.7% with the median pricenow sitting at $535,500 and Pimpama eased -2.0% across 224 individual sales with a median of $485,000.The most traded suburb for houses in our area has been Upper Coomera with 504 homes sold over the past 12 months while Coomerahad the most unit sales with 300 transactions. House prices in Upper Coomera have performed well with growth of 2.9% and now havea median price of $499,000.Over the past month, about $3,608,483 in units and $14.87m in houses has been sold in Upper Coomera with $62.05m and $255.26mrespectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 25.5% over the past 12 months. The median salesprice for units in Coomera is now $510,000 and with a median rent of $430 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 $430 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 34 days in Oxenford to 61 days in Willow Vale, and the shortest median timeto sell a unit is 29 days in Oxenford.Top performing local suburbs Upper Coomera 504 $499,000 2.9% 1.7% 204 $535,500 2.7% 1.9%Houses Oxenford 224 $485,000 -2.0% 1.3% Pimpama 300 $510,000 25.5% 4.8% 242 $399,900 22.1% 1.4% Coomera 112 $335,000 6.3% 1.8%Units Pimpama Annual Change over 10 years OxenfordNumber sold (12 months) Median Price Median Growth 12 months Coomera

This month it’s all about Upper Coomera Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Upper Coomera Number Sold 504 175 where 591 houses were listed for sale over the past year. Houses in Upper Coomera have an average land size of 685 square metres. Median Sale Price $499,000 $371,000d The suburb also has a large apartment market with 174 units listed Annual Change in Median Price 2.9% -0.8% for sale over the past year. Median Asking Rent $450 $395d The suburb is tightly held with residents typically holding their house for 7.3 years. Indicative Gross Rental Yield 5.1% 6.2%d The median value of houses in Upper Coomera is $467,411. This is Total Listings* 591 174 lower than the median sales price which is currently $499,000. Median Days on Market 35 53d Over the past 12 months, buyer interest has lifted with 504 houses sold this year compared to 495 sales last year. Total Value of Sales $255.26m $62.05md Houses are typically selling within 35 days.d Sales prices have stabilised by 2.9% over the past 12 months and vendors are typically discounting by -4.9% to secure a sale.d All of this means it is now a great time to sell in Upper Coomera. Over 12-month period (1 Aug 2017 to 31 Jul 2018) *Listings period is Oct 2017 to Sep 2018Our local area expertise – long term growth 10 year growth suburbs in our areaResearch shows that most people own a property for an average of seven years Suburb 10yrbefore they decide to sell. CompoundThis means that while understanding growth over the past year is a good indicatorof current performance and if a suburb is 'hot', the longer term performance of a Growthsuburb is often a more reliable indicator of the value of a property as an investment.The best performing suburb in our area for long term growth is Willow Vale where Willow Vale 2.6%houses have observed a compound growth of 2.6% over the past 10 years. Thisfigure is annualised, so it identifies that properties in the suburb have grown by this Oxenford 1.8%average amount each year. This figure also compares to the median price change of-3.7% over the past 12 months. Upper Coomera 1.6%The median price of houses in Willow Vale is currently $905,000. The suburb hasalso performed very strongly over the past three years with a growth of 66.1%. Coomera 3.6%Of course, past growth is not a guarantee of future performance but it does give youan insight into the fundamentals. Oxenford 1.5%All in all, the data signals that Willow Vale could be worth considering for your nextproperty purchase. Pimpama 1.1%Coomera

Make your dream holiday happenWin a luxury holiday for two to an iconic Australian destination worth $10,000*To celebrate LJ Hooker’s 90th Birthday, we’re offering you the chance of a dream holiday for two.Have a free property appraisal by November 30 2018.Visit 90years.ljhooker.com.au or speak to your local LJ Hooker agent for more details. LJ Hooker 2018. NSW - LTPS/18/27743 ACT - TP/18/01726 SA - T18/1576. *Terms and conditions available at 90years.ljhooker.com.au/terms. 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 financial advice. For our complete terms and conditions of use, go to www.corelogic.com.au