Local Market Report - September 2021

localmarket Your local property reportThis report covers your local suburbs of Coomera, Pimpama and Upper Coomera September 2021 07 5593 0044 LJ Hooker Property Hub [email protected] propertyhub.ljhooker.com.au

What’s happening in our local property market Strongest growth Most traded Fastest sellers Coomera Upper Coomera Upper Coomera 14.3% 629 sales 18 days Coomera Coomera Upper Coomera 11.5% 130 sales 24 days The property market has continued to perform strongly despite the Covid pandemic and lockdowns across capital cities. According to CoreLogic, the Australian national home value index rose 6.1% for the June quarter. This is down from a recent peak of 7.0% in the three months to May, but still excellent growth. The combined capital city home values finished the quarter 6.2% higher and combined regional housing values rose 6.0%. Across the 2021 financial year, Australian dwelling values rose 13.5% - the highest annual growth rate since April 2004. Across our area, there were 1,999 listings advertised in the past 12 months compared to the rolling 12 month listings of 1,840 reported last quarter. Let's take a look at the rest of the data for our local market. Across our local market, we have seen 1,999 properties listed for Over the past month, about $3,656,000 in units and $37.4m in houses sale, over the past 12 months, which is higher than the same time has been sold in Upper Coomera with $37.39m and $363.77m last year. This has impacted sales with 1,923 taking place over the 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 Coomera which has seen Coomera has demonstrated the strongest price growth for units with its median sales price grow by 14.3%. The median sales price of a prices rising 11.5% over the past 12 months. The median sales price home in Coomera is now $580,000. Upper Coomera saw its median for units in Coomera is now $330,000 and with a median rent of $395 house sales price grow by 10.2% with the median price now sitting at a week, they offer a rental yield of 6.0%. $540,000 and Pimpama grew 5.5% across 461 individual sales with a median of $495,000. The highest median housing rents in our area are $490 per week in Upper Coomera and for units $423 per week in Upper Coomera. The most traded suburb for houses in our area has been Upper Housing rental yields in Pimpama are currently 5.1% demonstrating Coomera with 629 homes sold over the past 12 months while why the area is popular with investors. Coomera had the most unit sales with 130 transactions. House prices in Upper Coomera have performed strongly with growth of The time it takes to sell a house in our region ranges from 18 days in 10.2% and now have a median price of $540,000. Upper Coomera to 33 days in Coomera, and the shortest median time to sell a unit is 24 days in Upper Coomera. Top performing local suburbs Coomera 549 $580,000 14.3% 4.6% 629 $540,000 10.2% 2.8% Houses Upper Coomera 461 $495,000 5.5% 2.7% Pimpama 130 $330,000 11.5% 1.7% 102 $360,000 9.3% 0.6% Coomera 52 $395,000 6.8% 1.1% Units Upper Coomera Annual Change over 10 years Pimpama Number sold (12 months) Median Price Median Growth 12 months LJ Hooker Property Hub

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 680 houses were listed for sale over the past (1 Jun 2020 to 31 May 2021) 629 102 year. Houses in Upper Coomera have an average land size of Number Sold $360,000 686 square metres. Median Sale Price $540,000 9.3% Annual Change in Median Price 10.2% $423 ● The suburb also has a medium apartment market with 103 units Median Asking Rent $490 6.4% listed for sale over the past year. Indicative Gross Rental Yield 5.1% 103 Total Listings 680 24 ● The suburb is tightly held with residents typically holding their Average Days on Market 18 $37.39m house for 8.8 years. Total Value of Sales $363.77m ● The median value of houses in Upper Coomera is $647,666. This is higher than the median sales price which is currently $540,000. ● Over the past 12 months, buyer interest has lifted with 629 houses sold this year compared to 509 sales last year. ● Houses are typically selling within 18 days. ● Sales prices have grown by 10.2% over the past 12 months and vendors are typically discounting by -3.0% to secure a sale. ● All of this means it is now a great time to sell in Upper Coomera. Our local area expertise – investing For housing investors, the best buying in our area can be found in good rental returns. Pimpama where houses are returning a 5.1% yield, while units in Upper Coomera are returning a 6.4% yield - making it a good place for savvy Coomera is the second best yielding unit suburb in our area with units investors to look for inflation-beating returns. that cost around the median price of $330,000 returning 6.0% with median asking rents of $395 per week, while Pimpama also is worth The median price of a house in Pimpama currently is $495,000 and watching with returns of 5.8% based on a median price of $395,000 and average rents are $450 per week whereas median unit prices are rents of $410 per week. $360,000 in Upper Coomera with rents of $423 per week. This means it could be possible to purchase a cash-positive investment unit. For those interested in investing in houses, also consider Upper Coomera where prices have moved strongly by 10.2% while yields are 5.1% - which Unit prices in Upper Coomera have jumped by 9.3% over the past year, could be a cash flow positive investment. meaning investors who bought a year ago have seen good gains and Highest yielding suburbs in our area Suburb Number Median Change in Median Median Indicative Gross Sold Sale Price Price Asking Rent Rental Yield $495,000 5.5% 5.1% Over 12-month period Pimpama 461 $540,000 10.2% $450 5.1% (1 Jun 2020 to 31 May 2021) $580,000 14.3% $490 5.0% Houses Upper Coomera 629 $360,000 9.3% $480 6.4% Coomera 549 $330,000 11.5% $423 6.0% $395,000 6.8% $395 5.8% Upper Coomera 102 $410 Units Coomera 130 Pimpama 52 LJ Hooker Property Hub

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 Property Hub. the team 07 5593 0044 [email protected] LJ Hooker Property Hub propertyhub.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