Local Market Report May 2018

Coomera This report covers your local suburbs of Coomera, Pimpama, Upper Coomera and Willow Vale. May 2018Brought to you by the team at LJ Hooker Coomerapq (07) 5585 7888 ef [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 Upper Coomera 13.1% 494 sales 38 days Coomera Coomera Coomera 12.2% 325 sales 52 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 1,623 properties listed for sale, over the past 12 months, which is higher than the same timelast year. This has impacted sales with 1,792 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 13.1%. The median sales priceof a home in Willow Vale is now $905,000. Upper Coomera saw its median house sales price grow by 3.4% with the median price nowsitting at $485,000 and Pimpama grew 3.1% across 174 individual sales with a median of $491,600.The most traded suburb for houses in our area has been Upper Coomera with 494 homes sold over the past 12 months while Coomerahad the most unit sales with 325 transactions. House prices in Upper Coomera have performed well with growth of 3.4% and now havea median price of $485,000.Over the past month, about $3,467,000 in units and $13.97m in houses has been sold in Upper Coomera with $76.17m and $266.83mrespectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 12.2% over the past 12 months. The median salesprice for units in Coomera is now $429,000 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 38 days in Upper Coomera to 106 days in Willow Vale, and the shortestmedian time to sell a unit is 52 days in Coomera.Top performing local suburbs Willow Vale 18 $905,000 13.1% 2.2% 494 $485,000 3.4% 1.8%Houses Upper Coomera 174 $491,600 3.1% 1.5% Pimpama 325 $429,000 12.2% 4.2% 180 $377,250 5.1% 1.3% Coomera 151 $325,000 -13.9% -0.3%Units Upper Coomera Annual Change over 10 years PimpamaNumber sold (12 months) Median Price Median Growth 12 months Coomera

This month it’s all about Coomera Over 12-month period (1 Feb 2017 to 31 Jan 2018) Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Coomera where Number Sold 102 325 136 houses were listed for sale over the past year. Houses in Median Sale Price $448,000 $429,000 Coomera have an average land size of 548 square metres. Annual Change in Median Price Median Asking Rent -6.1% 12.2%d The suburb also has a large apartment market with 454 units listed Indicative Gross Rental Yield $430 $410 for sale over the past year. Total Listings 4.9% 5.7% Median Days on Market 136 454d The suburb is tightly held with residents typically holding their house Total Value of Sales for 5 years. 47 52 $48.09m $158.27md The median value of houses in Coomera is $530,336. This is higher than the median sales price which is currently $448,000.d Over the past 12 months, buyer interest has eased with 102 houses sold this year compared to 193 sales last year.d Houses are typically selling within 47 days.d Sales prices have eased by -6.1% over the past 12 months and vendors are typically discounting by -4.7% to secure a sale.d All of this means it is now a good time to buy in Coomera.Our 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 Upper Coomera Upper Coomera 1.7%where houses have observed a compound growth of 1.7% over the past 10 years.This igure is annualised, so it identiies that properties in the suburb have grown Pimpama 1.2%by this average amount each year. This igure also compares to the median pricechange of 3.4% over the past 12 months. Willow Vale 0.0%The median price of houses in Upper Coomera is currently $485,000. The suburbhas also performed very strongly over the past three years with a growth of 16.3%. Coomera 3.5%Of course, past growth is not a guarantee of future performance but it does give youan insight into the fundamentals. Upper Coomera 1.0%All in all, the data signals that Upper Coomera could be worth considering for yournext property purchase. Pimpama -0.7%Coomera

Since 1928 the LJ Hooker name has been synonymous with strength, innovation, reliability, dependability and progress. Contact LJ Hooker today for an obligation free market update.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