Local Market Update

Coomera This report covers your local suburbs of Coomera, Oxenford, Pimpama, Upper Coomera and Willow Vale. September 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 Oxenford Upper Coomera Oxenford 4.9% 499 sales 28 days Coomera Coomera Oxenford 22.2% 318 sales 29 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 2,214 properties listed for sale, over the past 12 months, which is higher than the same timelast year. This has impacted sales with 2,080 taking place over the past 12 months. Looking at the house market, the best performingsuburb, over the past 12 months, has been Oxenford which has seen its median sales price grow by 4.9%. The median sales price of ahome in Oxenford is now $535,000. Upper Coomera saw its median house sales price grow by 4.5% with the median price now sittingat $499,944 and Willow Vale grew 3.0% across 21 individual sales with a median of $957,500.The most traded suburb for houses in our area has been Upper Coomera with 499 homes sold over the past 12 months while Coomerahad the most unit sales with 318 transactions. House prices in Upper Coomera have performed well with growth of 4.5% and now havea median price of $499,944.Over the past month, about $1,628,000 in units and $13.08m in houses has been sold in Upper Coomera with $73.95m and $253.64mrespectively sold over the past 12 months.Coomera has demonstrated the strongest price growth for units with prices rising 22.2% over the past 12 months. The median salesprice for units in Coomera is now $495,000 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 28 days in Oxenford to 67 days in Willow Vale, and the shortest median timeto sell a unit is 29 days in Oxenford.Top performing local suburbs Oxenford 207 $535,000 4.9% 2.0% 499 $499,944 4.5% 1.8%Houses Upper Coomera 21 $957,500 3.0% 2.7% Willow Vale 318 $495,000 22.2% 4.8% 220 $397,900 12.9% 1.2% Coomera 121 $330,000 3.8% 1.9%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 Over 12-month period (1 Jun 2017 to 31 May 2018) Suburb snapshot Houses Unitsd One of the most popular suburbs in our region is Upper Coomera Number Sold 499 179 where 664 houses were listed for sale over the past year. Houses in Median Sale Price $499,944 $380,000 Upper Coomera have an average land size of 692 square metres. Annual Change in Median Price Median Asking Rent 4.5% 1.9%d The suburb also has a large apartment market with 186 units listed Indicative Gross Rental Yield $450 $395 for sale over the past year. Total Listings 5.1% 6.2% Median Days on Market 664 186d The suburb is tightly held with residents typically holding their house Total Value of Sales for 7.3 years. 37 57 $253.64m $73.95md The median value of houses in Upper Coomera is $477,160. This is lower than the median sales price which is currently $499,944.d Over the past 12 months, buyer interest has eased with 499 houses sold this year compared to 502 sales last year.d Houses are typically selling within 37 days.d Sales prices have stabilised by 4.5% over the past 12 months and vendors are typically discounting by -5.0% to secure a sale.d All of this means it is now a great time to sell in Upper 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 Oxenford where Oxenford 1.9%houses have observed a compound growth of 1.9% over the past 10 years. Thisigure is annualised, so it identiies that properties in the suburb have grown by this Upper Coomera 1.6%average amount each year. This igure also compares to the median price change of4.9% over the past 12 months. Pimpama 1.1%The median price of houses in Oxenford is currently $535,000. The suburb has alsoperformed very strongly over the past three years with a growth of 18.4%. Coomera 3.8%Of course, past growth is not a guarantee of future performance but it does give youan insight into the fundamentals. Oxenford 1.7%All in all, the data signals that Oxenford could be worth considering for your nextproperty purchase. Pimpama 1.0%Coomera

Thinking about a spring move?It may not feel like it but spring is just around the corner. So if you’re thinking of selling, this comingspring, it’s best to start planning now.An LJ Hooker Market Update will give you the perfect understanding of what’s happening with yourproperty in today’s market.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