Local Market Report October 2018

Coomera This report covers your local suburbs of Coomera, Oxenford, Pimpama, Upper Coomera and Willow Vale. October 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 Upper Coomera Upper Coomera Oxenford 3.1% 477 sales 29 days Coomera Coomera Oxenford 27.5% 292 sales 30 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 2,028 properties listed for sale, over the past 12 months, which is lower than the same timelast year. This has impacted sales with 1,787 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 3.1%. The median salesprice of a home in Upper Coomera is now $499,944. Oxenford saw its median house sales price grow by 3.0% with the median pricenow sitting at $535,000 and Willow Vale eased -1.6% across 19 individual sales with a median of $915,000.The most traded suburb for houses in our area has been Upper Coomera with 477 homes sold over the past 12 months while Coomerahad the most unit sales with 292 transactions. House prices in Upper Coomera have performed well with growth of 3.1% and now havea median price of $499,944.Over the past month, about $2,885,500 in units and $10.75m in houses has been sold in Upper Coomera with $63.7m and $241.34mrespectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 27.5% over the past 12 months. The median salesprice for units in Coomera is now $516,500 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 $650 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 29 days in Oxenford to 65 days in Willow Vale, and the shortest median timeto sell a unit is 30 days in Oxenford.Top performing local suburbs Upper Coomera 477 $499,944 3.1% 1.7% 193 $535,000 3.0% 1.9%Houses Oxenford 19 $915,000 -1.6% 2.8% Willow Vale 292 $516,500 27.5% 5.4% 208 $398,900 20.9% 1.3% Coomera 116 $331,000 4.6% 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 Coomera Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Coomera where Number Sold 116 292 131 houses were listed for sale over the past year. Houses in Coomera have an average land size of 553 square metres. Median Sale Price $449,000 $516,500d The suburb also has a large apartment market with 417 units listed Annual Change in Median Price -6.1% 27.5% for sale over the past year. Median Asking Rent $440 $430d The suburb is tightly held with residents typically holding their house for 9.6 years. Indicative Gross Rental Yield 4.9% 5.7%d The median value of houses in Coomera is $514,142. This is higher Total Listings 131 417 than the median sales price which is currently $449,000. Median Days on Market 41 63d Over the past 12 months, buyer interest has eased with 116 houses sold this year compared to 173 sales last year. Total Value of Sales $61.28m $152.45md Houses are typically selling within 41 days.d Sales prices have eased by -6.1% over the past 12 months and vendors are typically discounting by -5.3% to secure a sale.d All of this means it is now a great time to sell in Coomera. Over 12-month period (1 Jul 2017 to 30 Jun 2018) *Listings period is 1 Sep 2017 to 31 Aug 2018Our 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 3.0% 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 $499,944 and average rents are Upper Coomera Sold* Price* in Median Asking Rent* Gross Rental$450 per week whereas median unit prices are Oxenford$377,000 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 477 $499,944 3.1% $450 5.1% OxenfordUnit prices in Upper Coomera have been lat at 193 $535,000 3.0% $500 5.0%0.8% over the past year, meaning capital growthhas stalled. 198 $475,000 -3.9% $430 4.9%Coomera is the second best yielding unit suburb 168 $377,000 0.8% $395 6.2%in our area with units that cost around themedian price of $516,500 returning 5.7% with 292 $516,500 27.5% $430 5.7%median asking rents of $430 per week, whileOxenford also is worth watching with returns of 116 $331,000 4.6% $363 5.6%5.6% based on a median price of $331,000 andrents of $363 per week.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 inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au