Local Market Report December- 18 Coomera

localmarketYour local property reportThis report covers your local suburbs of Coomera, Oxenford, Pimpama, UpperCoomera and Willow Vale 2018December(07) 5585 7888 LJ Hooker [email protected]

What’s happening in our local property market Strongest growth Most traded Fastest sellers Willow Vale Upper Coomera Oxenford 12.2% 528 sales 37 days Pimpama Upper Coomera Oxenford 8.7% 87 sales 34 daysAt LJ Hooker Coomera our goal is to provide you with the information you need to make confident decisionsabout property - whether you are buying, selling, investing or renting. We have created this report which detailslocal market conditions and how property is performing in your area which at times can be very different tothe combined performance of the capital cities. Let us help you stay on top of changes in your local propertymarket every month.Across our local market, we have seen 2,843 properties listed Over the past month, about $2,213,500 in units and $14.19m infor sale, over the past 12 months, which is higher than the houses has been sold in Upper Coomera with $30.07m andsame time last year. This has impacted sales with 1,582 taking $269.64m respectively sold over the past 12 months.place over the past 12 months. Looking at the house market,the best performing suburb, over the past 12 months, has Pimpama has demonstrated the strongest price growthbeen Willow Vale which has seen its median sales price grow for units with prices rising 8.7% over the past 12 months. Theby 12.2%. The median sales price of a home in Willow Vale is median sales price for units in Pimpama is now $393,950 andnow $872,500. Coomera saw its median house sales price with a median rent of $375 a week, they offer a rental yield ofgrow by 3.8% with the median price now sitting at $525,000 5.7%.and Oxenford grew 2.7% across 261 individual sales with amedian of $515,000. The highest median housing rents in our area are $480 per week in Oxenford and for units $400 per week in UpperThe most traded suburb for houses in our area has been Coomera. Housing rental yields in Upper Coomera areUpper Coomera with 528 homes sold over the past 12 months currently 5.1% demonstrating why the area is popular withand it also had the most unit sales with 87 transactions. investors.House prices in Upper Coomera have remained relativelystable with growth of 1.0% and now have a median price of The time it takes to sell a house in our region ranges from 37$485,000. days in Oxenford to 96 days in Coomera, and the shortest Top performing local suburbs Suburb Number Median Change in Annual Change Sold Sale Price Median Price over 10 yearsOver 12-month period Willow Vale 21 $872,500 12.2% 1.2% (1 Sep 2017 to 31 Aug 2018) Houses Coomera 270 $525,000 3.8% 2.8% Oxenford 261 $515,000 2.7% 1.4% Pimpama 24 $393,950 8.7% 1.1% Units Oxenford 40 $318,750 1.4% 1.1% Upper Coomera 87 $338,000 -0.5% -0.3% LJ HOOKER COOMERA

This month it’s all about Willow Vale● One of the most popular suburbs in our region is Willow Vale Over 12-month period Suburb snapshot Houses Units where 53 houses were listed for sale over the past year. (1 Sep 2017 to 31 Aug 2018) 21 1 Houses in Willow Vale have an average land size of 393 Number Sold square metres. Median Sale Price $872,500 $162,500 Annual Change in Median Price 12.2% -56.9%● The suburb also has a small apartment market with 3 units Median Asking Rent $425 $373 listed for sale over the past year. Indicative Gross Rental Yield 4.2% Total Listings 53 5.0%● The suburb is tightly held with residents typically holding their Average Days on Market 43 3 house for 7.2 years. Total Value of Sales NA $16.13m● The median value of houses in Willow Vale is $669,918. $162,500 This is lower than the median sales price which is currently $872,500.● Over the past 12 months, buyer interest has lifted with 21 houses sold this year compared to 20 sales last year.● Houses are typically selling within 43 days.● Sales prices have grown by 12.2% over the past 12 months and vendors are typically discounting by -6.4% to secure a sale.● All of this means it is now a great time to sell in Willow Vale.Our local area expertise – investingFor housing investors, the best buying in our area can be found Upper Coomera is the second best yielding unit suburb in ourin Upper Coomera where houses are returning a 5.1% yield, area with units that cost around the median price of $338,000while units in Oxenford are returning a 7.2% yield - representing returning 6.7% with median asking rents of $400 per week, while Coomera also is worth watching with returns of 6.6% based ongreat opportunity to lock in strong inflation busting returns. a median price of $326,500 and rents of $380 per week.The median price of a house in Upper Coomera currently For those interested in investing in houses, also consideris $485,000 and average rents are $450 per week whereas Oxenford where prices have grown 2.7% while yields are 5.1% -median unit prices are $318,750 in Oxenford with rents of $380per week. This means it could be possible to purchase a cash- which could be a cash flow positive investment.positive investment unit.Unit prices in Oxenford have grown slightly by 1.4% over thepast year, meaning rental returns are supported by reasonablecapital growth. Highest yielding suburbs in our areaOver 12-month period Suburb Number Median Change in Median Indicative (1 Sep 2017 to 31 Aug 2018) Upper Coomera Sold Sale Price Median Price Asking Rent Gross Rental $485,000 528 $515,000 1.0% $450 5.1% $460,000 2.7% $480 5.1% Houses Oxenford 261 $318,750 -7.1% $430 5.0% Pimpama 278 $338,000 1.4% $380 7.2% $326,500 -0.5% $400 6.7% Oxenford 40 -1.2% $380 6.6% Units Upper Coomera 87 Coomera 72 LJ HOOKER COOMERA

SATISFIED CUSTOMOST 2018TS MERS EAL ESTATE AGENR” Real estate is not about houses, it’s about people.” - Sir Leslie HookerFor 90 years people have been at the core of our business.We’re extremely proud to be the winner of the prestigiousCanstar award for the Most Satisfied Real Estate Customers.You’ll always be at the centre of everything we do. KNOW WHAT YOUR PROPERTY IS WORTH IN TODAY’S MARKET. Ask the team at LJ Hooker Coomera. THE TEAM (07) 5585 7888 [email protected] LJ HOOKER COOMERA coomera.ljhooker.com.au 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