Pimpama QMA - April_June19

QUARTERLY MARKET REPORT APRIL - JUNE 2019

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What’s happening in our local property market Strongest growth Most traded Fastest sellers Pimpama Upper Coomera Oxenford 1.6% 455 sales 31 days Pimpama Upper Coomera Oxenford 17.3% 84 sales 54 days At LJ Hooker Coomera our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of 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 2,756 properties listed for Over the past month, about $2,213,000 in units and $17.65m sale, over the past 12 months, which is higher than the same time in houses has been sold in Upper Coomera with $28.75m and last year. This has impacted sales with 1,397 taking place over the $235.16m respectively sold over the past 12 months. past 12 months. Looking at the house market, the best performing suburb, over the past 12 months, has been Pimpama which has seen Pimpama has demonstrated the strongest price growth for units its median sales price grow by 1.6%. The median sales price of a with prices rising 17.3% over the past 12 months. The median sales home in Pimpama is now $468,500. Upper Coomera saw its median price for units in Pimpama is now $398,900 and with a median rent of house sales price grow by 1.0% with the median price now sitting at $375 a week, they offer a rental yield of 5.7%. $485,000 and Coomera eased -0.4% across 253 individual sales with a median of $535,000. The highest median housing rents in our area are $480 per week in Oxenford and for units $410 per week in Upper Coomera. Housing The most traded suburb for houses in our area has been Upper rental yields in Upper Coomera are currently 5.2% demonstrating why Coomera with 455 homes sold over the past 12 months and it also the area is popular with investors. had the most unit sales with 84 transactions. House prices in Upper Coomera have remained relatively stable with growth of 1.0% and The time it takes to sell a house in our region ranges from 31 days now have a median price of $485,000. in Oxenford to 75 days in Pimpama, and the shortest median time to sell a unit is 54 days in Oxenford. Top performing local suburbs Pimpama 237 $468,500 1.6% 0.3% 455 $485,000 1.0% 1.9% Houses Upper Coomera 253 $535,000 -0.4% 3.5% Coomera 27 $398,900 17.3% 2.2% 35 $311,500 1.1% 1.3% Pimpama 84 $340,000 0.5% -0.2% Units Oxenford Annual Change over 10 years Upper Coomera Number sold (12 months) Median Price Median Growth 12 months LJ Hooker Coomera

This month it’s all about Upper Coomera ● One of the most popular suburbs in our region is Upper Over 12-month period Suburb snapshot Houses Units Coomera where 741 houses were listed for sale over the past (1 Apr 2018 to 31 Mar 2019) 455 84 year. Houses in Upper Coomera have an average land size of Number Sold 679 square metres. Median Sale Price $485,000 $340,000 Annual Change in Median Price 1.0% 0.5% ● The suburb also has a large apartment market with 141 units Median Asking Rent $460 $410 listed for sale over the past year. Indicative Gross Rental Yield 5.2% 6.5% Total Listings 741 141 ● The suburb is tightly held with residents typically holding their Average Days on Market 42 62 house for 8.0 years. Total Value of Sales $235.16m $28.75m ● The median value of houses in Upper Coomera is $491,698. This is higher than the median sales price which is currently $485,000. ● Over the past 12 months, buyer interest has eased with 455 houses sold this year compared to 569 sales last year. ● Houses are typically selling within 42 days. ● Sales prices have stabilised by 1.0% over the past 12 months and vendors are typically discounting by -5.4% to secure a sale. ● All of this means it is now a good time to buy in Upper Coomera. Our local area expertise – investing Upper Coomera is the second best yielding unit suburb in our area with units that cost around the median price of $340,000 returning 6.5% with For housing investors, the best buying in our area can be found in Upper median asking rents of $410 per week, while Coomera also is worth Coomera where houses are returning a 5.2% yield, while units in Oxenford watching with returns of 6.3% based on a median price of $300,000 and are returning a 6.9% yield - making it a good place for savvy investors to rents of $380 per week. look for inflation-beating returns. For those interested in investing in houses, also consider Oxenford where The median price of a house in Upper Coomera currently is $485,000 prices have eased -3.3% while yields are 5.1% - which could be a cash and average rents are $460 per week whereas median unit prices are flow positive investment. $311,500 in Oxenford with rents of $380 per week. This means it could be possible to purchase a cash-positive investment unit. Unit prices in Oxenford have grown slightly by 1.1% over the past year, meaning rental returns are supported by reasonable capital growth. Highest yielding suburbs in our area Suburb Number Median Change in Median Median Indicative Gross Sold Sale Price Price Asking Rent Rental Yield Over 12-month period Upper Coomera $485,000 1.0% 5.2% (1 Apr 2018 to 31 Mar 2019) 455 $493,250 -3.3% $460 5.1% Houses Oxenford 215 $468,500 1.6% $480 5.1% Pimpama 237 $311,500 1.1% $440 6.9% 35 $340,000 0.5% $380 6.5% Oxenford 84 $300,000 -4.8% $410 6.3% 63 $380 Units Upper Coomera Coomera LJ Hooker Coomera

Sold Properties 1/2 Tayla Street Pimpama QLD 4209 Sale Price: $293,000 Sale Date: 13 May 2019 Area: 179m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 12/45 Christopher Street Pimpama QLD 4209 Sale Price: $325,000 Sale Date: 18 Jun 2019 Area: 194m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 28 Carnarvon Court Pimpama QLD 4209 Sale Price: $346,000 Sale Date: 31 May 2019 Area: 227m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 42 Brookfield Street Pimpama QLD 4209 Sale Price: $365,000 Sale Date: 18 Apr 2019 Area: 388m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 23 Oakwood Street Pimpama QLD 4209 Sale Price: $378,000 Sale Date: 1 Apr 2019 Area: 164m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 1 Ensuites © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

19 Denham Circuit Willow Vale QLD 4209 Sale Price: $380,000 Sale Date: 11 May 2019 Area: 460m2 Eq. Building Area: 139.3546m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 2/21 Moss Terrace Pimpama QLD 4209 Sale Price: $380,000 Sale Date: 15 Apr 2019 Area: 164m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 2/18 Cranberrie Crescent Pimpama QLD 4209 Sale Price: $390,000 Sale Date: 9 May 2019 Area: 173m2 Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 1 Ensuites 34 Parkland Circuit Pimpama QLD 4209 Sale Price: $390,000 Sale Date: 17 May 2019 Area: 250m2 Attributes: 4 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites 11 Mclachlan Circuit Willow Vale QLD 4209 Sale Price: $399,000 Sale Date: 28 Jun 2019 Area: 406m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 12 Pyrite Street Pimpama QLD 4209 Sale Price: $403,000 Sale Date: 17 Jun 2019 Area: 426m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

11 Cairnlea Drive Pimpama QLD 4209 Sale Price: $405,000 Sale Date: 30 May 2019 Area: 450m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 26 Freedman Drive Willow Vale QLD 4209 Sale Price: $417,000 Sale Date: 13 Apr 2019 Area: 415m2 Eq. Building Area: 148.6449m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 7 Salzburg Road Pimpama QLD 4209 Sale Price: $425,000 Sale Date: 27 May 2019 Area: 518m2 Eq. Building Area: 213.677m2 Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 2 Lock Up Garages, 1 Ensuites 19 Freedman Drive Willow Vale QLD 4209 Sale Price: $435,000 Sale Date: 11 Apr 2019 Area: 477m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 17 Gainsborough Drive Pimpama QLD 4209 Sale Price: $492,000 Sale Date: 10 Jun 2019 Area: 375m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces 3 Belconnen Drive Pimpama QLD 4209 Sale Price: $499,999 Sale Date: 23 Apr 2019 Area: 406m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

19 Lindeman Circuit Pimpama QLD 4209 Sale Price: $501,000 Sale Date: 28 May 2019 Area: 375m2 Eq. Building Area: 260.1285m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces 32 Ningaloo Drive Pimpama QLD 4209 Sale Price: $536,000 Sale Date: 11 Apr 2019 Area: 441m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages 5 Moondarra Street Pimpama QLD 4209 Sale Price: $570,000 Sale Date: 30 Apr 2019 Area: 583m2 Eq. Building Area: 287.9994m2 Attributes: 4 Beds, 2 Baths, 4 Car Spaces, 4 Lock Up Garages, 1 Ensuites 35 Kalgoorlie Street Pimpama QLD 4209 Sale Price: $594,000 Sale Date: 3 Jun 2019 Area: 534m2 Eq. Building Area: 269.4188m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites 1 Yatala Street Pimpama QLD 4209 Sale Price: $670,000 Sale Date: 17 Jun 2019 Area: 683m2 Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 1 Ensuites 23 Melville Drive Pimpama QLD 4209 Sale Price: $785,000 Sale Date: 7 Jun 2019 Area: 480m2 Attributes: 5 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

38 Bunderoo Circuit Pimpama QLD 4209 Sale Price: $858,000 Sale Date: 29 May 2019 Area: 711m2 Attributes: 4 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 2 Ensuites © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Suburb Profile Report Pimpama QLD 4209 PIMPAMA 48km Distance from GPO 9.4k Population 192.5% 5 year population change 5 years Average length of ownership The size of Pimpama is approximately 41.4 square kilometres. It has 34 parks covering nearly 3.9% of total area. The population of Pimpama in 2011 was 3,211 people. By 2016 the population was 9,392 showing a population growth of 192.5% in the area during that time. The predominant age group in Pimpama is 0-9 years. Households in Pimpama are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pimpama work in a trades occupation. In 2011, 42.1% of the homes in Pimpama were owner-occupied compared with 29% in 2016. Currently the median sales price of houses in the area is $468,500. Total dwellings Total new listings* Median Value Total number currently listed 4,407 445 $449,967 320 676 55 $341,921 34 *Total number of unique properties listed for sale over the past 12 months. 02 July 2019 Page 2 © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Suburb Profile Report Pimpama QLD 4209 HOUSES: FOR SALE $$$ $543,500 The 75th percentile sale price of sales over the past 12 months within $468,500 the suburb. Upper Quartile Price* The middle sale price of all transactions recorded over the past 12 $$ months within the suburb. Note that sale prices lower than $10,000 and higher than $80,000,000 are excluded from the analysis. Median Price* The 25th percentile sale price of sales over the past 12 months within $ $415,000 the suburb. Lower Quartile Price* *Statistics are calculated over a rolling 12 month period 02 July 2019 Page 3 © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Suburb Profile Report Pimpama QLD 4209 UNITS: FOR SALE $$$ $419,950 The 75th percentile sale price of sales over the past 12 months within the suburb. Upper Quartile Price* The middle sale price of all transactions recorded over the past 12 $$ $398,900 months within the suburb. Note that sale prices lower than $10,000 and higher than $80,000,000 are excluded from the analysis. Median Price* The 25th percentile sale price of sales over the past 12 months within $ $364,500 the suburb. Lower Quartile Price* *Statistics are calculated over a rolling 12 month period 02 July 2019 Page 5 © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Suburb Profile Report Oxenford QLD 4210 u DISCLAIMER CoreLogic Disclaimer Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication. The listing prices shown represent the first and last listing price CoreLogic recorded in the advertising campaign for the property. In some instances we may have derived the price from the advertisement text. Where we have been unable to derive the price from the advertisement text (for example “Auctions”), the discount calculations will be unavailable. Census statistics are provided by the Australian Bureau of Statistics (ABS) available at http://www.abs.gov.au/ under Creative Commons Attribution 2.5 (http://creativecommons.org/licenses/by/2.5/au/legalcode). State Government Copyright Notice and Disclaimer QLD - Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2019. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws. Publisher RP Data Pty Ltd trading as CoreLogic Asia Pacific ABN 67 087 759 171 P: 1300 734 318 E: [email protected] 02 July 2019 Page 9 © Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

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SATISFIED CUSTOMOST 2018TS MERS EAL ESTATE AGENR ” Real estate is not about houses, it’s about people.” - Sir Leslie Hooker For 90 years people have been at the core of our business. We’re extremely proud to be the winner of the prestigious Canstar 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