r e s e - prd · in the ingleburn area compared to inner sydney unit yield of 3.5%. ingleburn is a...
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R E S E
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OVERVIEW
Heading*Ingleburn market data and key indicators encapsulates aggregate property market conditions in the
following suburbs: Ingleburn, Glenfield, Minto, Macquarie Field, Campbelltown, Eschol Park, Raby, St
Andrews, Bow Bowing, Kearns, Eagle Vale, Woodbine, Bradbury, Ruse, Casula, Edmondson Park,
Bardia, New Breeze, Leppington, Denham Court, Harrington Park, Gregory Hills, Oran Park, Leumeah.
**Estimated values are based on construction value provided by the relevant data authority and does
not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate
only, as per relevant data authority.
Ingleburn development areas reflect the suburbs Edmondson Park, Glenfield, Ingleburn and
Macquarie Fields only.
Source: APM Pricefinder, realestate.com.au, Cordell Database.
OVERVIEW
MARKET CONDITIONS
FUTURE DEVELOPMENTS**
Change from Last YearHalf
Year
House Sales
House Median Price
House Rental Price
Unit Sales
Unit Median Price
Unit Rental Price
CAMPBELLTOWN CITY COUNCIL GROWTH
The Ingleburn property market* recorded a median house price of
$648,000 and $480,000 for units in Q4 2016, representing an annual price
growth of 8.0% and 12.9% respectively. Over the same period of time,
house prices in the Campbelltown City Council grew by 6.3% to $595,000
and unit prices grew by 13.4% to $465,000. The Ingleburn area’s* property
prices currently sit above the Campbelltown City Council, indicating it is a
sought after market by owner occupiers and investors.
Average days to sell in the Ingleburn area* has improved in the last twelve
months, back to their original levels of 39 days (houses) and 36 days
(units) in Q4 2016. Within the same timeframe, rental average days on
market has remained relatively stable, at 30 days (houses) and 32 days
(units). Average vendor discounts have tightened for houses and units in
Q4 2016, to 0.3% and 1.4%, respectively. This suggests a competitive
market where sellers are achieving slightly above their first asking price.
Median rents in the Ingleburn area* have slightly increased in the last
twelve months to $520 per week (houses) and $400 per week (units) in Q4
2016. The number of properties being rented has increased significantly
for the area* by 39.6% (houses) and 42.4% (units), indicating that there is
a strong level of demand in the Ingleburn* rental market. Meanwhile,
house rental yields sit at 3.7% and units at 4.2%. Unit investors will benefit
in the Ingleburn area compared to inner Sydney unit yield of 3.5%.
Ingleburn is a suburb situated approx. 44
kilometres from the Sydney CBD. This
small hub is the perfect location for
families and city workers due to being
nestled between two commercial centres
– Liverpool and Campbelltown, and is
serviced by schools, commercial districts
and public transport.
The surrounding areas of Ingleburn^ is
set to see approx. $104.5M of new
projects commencing in the 1st half of
2017. Commercial projects accounted for
the majority of development value
(73.4%), totaling an estimated $76.7M.
This is followed by residential projects at
approx. $22.9M (23.9%) and industrial
projects which accounted for $2.8M
(2.7%) of total developments.
The Croatia Avenue Units is the main
residential project located in Edmondson
Park. The project, estimated at $19.9M, is
set to add 94 units to the market in an 8
storey building. The project is due to
commence construction in June 2017,
with anticipated completion in late 2019.
Another significant residential project is
located in Glenfield, the Glenfield Road
Dwellings, with an estimated construction
value of approx. $11.8M. This project,
scheduled to commence in April 2017,
will add 47 new townhouses to the
market, all being 3 bedrooms.
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Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
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AREA XXXXXX
KEY FACTS UNIT
HOUSE MARKET COMPARISON
Average vendor discount reflects the
average percentage difference between
first listed price and final sold price. A
lower percentage difference suggests
buyers are willing to purchase close to
the first asking price of a property.
AVERAGE VENDOR DISCOUNTAVERAGE VENDOR DISCOUNT**
UNIT MARKET COMPARISON
Average vendor discount reflects the
average percentage difference
between first list price and final sold
price. A lower percentage difference
(closer to zero) suggests buyers are
willing to purchase close to the first
asking price of a property.
AVERAGE VENDOR DISCOUNT
MARKET COMPARISON GRAPH
The market comparison graph provides
comparative trend for median price of
house and units over the past 10 years.
Suburbs profiled are chosen based on
proximity to the main suburb analysed in
the factsheet, which is Ingleburn. The
main suburb is highlighted through a
dotted black line graph.
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Ingleburn Campbelltown Eagle Vale Leppington*
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*Disclaimer: Leppington house median prices is inclusive of houses residing on large pieces of land.
**Ingleburn market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Ingleburn, Glenfield, Minto, Macquarie Field, Campbelltown, Eschol Park, Raby, St Andrews, Bow Bowing,
Kearns, Eagle Vale, Woodbine, Bradbury, Ruse, Casula, Edmondson Park, Bardia, New Breeze, Leppington, Denham Court, Harrington Park, Gregory Hills, Oran Park, Leumeah.
Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia.
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House Unit Overall Market Trend
OVERVIEWAVERAGE DAYS ON MARKET**
SALES AND MEDIAN PRICE**
KEY FACTS UNIT*
Median Sale Price : $785,000
Annual Area Growth: 11%
Average Days on Market: 36
% Change between First Listed Price
and Sold Price: -0.1%
HOUSE KEY FACTS Q4 2016
UNITS KEY FACTS Q4 2016
Median Sale Price: $480,000
Annual Growth: 12.9%*
Average Days on Market: 36
% Change between First Listed
Price and Sold Price: 1.4%
*Annual growth represents price growth for property transactions between Q4 2015 to Q4 2016 (inclusive).
**Ingleburn market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Ingleburn, Glenfield, Minto, Macquarie Field,
Campbelltown, Eschol Park, Raby, St Andrews, Bow Bowing, Kearns, Eagle Vale, Woodbine, Bradbury, Ruse, Casula, Edmondson Park, Bardia, New Breeze, Leppington,
Denham Court, Harrington Park, Gregory Hills, Oran Park, Leumeah.
Source: APM Pricefinder, realestate.com.au, SQM Research, Campbelltown City Council.
Median Sale Price: $648,000
Annual Growth: 8.0%*
Average Days on Market: 39
% Change between First Listed
Price and Sold Price: 0.3%
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OVERVIEW
Overview
Heading
RENTAL MARKET ANALYSIS
HOUSE UNIT
MEDIAN RENT AND AVERAGE DAYS ON MARKET*
*Disclaimer: Ingleburn market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Ingleburn, Glenfield, Minto, Macquarie Field,
Campbelltown, Eschol Park, Raby, St Andrews, Bow Bowing, Kearns, Eagle Vale, Woodbine, Bradbury, Ruse, Casula, Edmondson Park, Bardia, New Breeze, Leppington,
Denham Court, Harrington Park, Gregory Hills, Oran Park, Leumeah.
**Vacancy rates refers to an average figure for the postcodes: 2565, 2167, 2566, 2564, 2560, 2558, 2566, 2170, 2174, 2179, 2567, 2557, 2570.
Source: APM Pricefinder, realestate.com.au, SQM Research.
HOUSE KEY FACTS Q4 2016
UNITS KEY FACTS Q4 2016
Median Rent Price: $400 per week
Suburb Rental Yield: 4.2%
Average Days on Market: 32
Bedroom Breakdown:
1 Bed 11%, 2 Bed: 53%, 3+ Bed: 36%
Median Rent Price: $520 per week
Suburb Rental Yield: 3.7%
Average Days on Market: 30
Bedroom Breakdown:
2 Bed 11%, 3 Bed: 38%, 4+ Bed: 51%
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Unit Average Days Median House Rent Median Unit Rent
2 Bedroom
3 Bedroom
4+ Bedroom
1 Bedroom
2 Bedroom
3+ Bedroom
The number of properties being rented in the Ingleburn area* grew by
39.6% (houses) and 42.4% (units). Median rent for houses and units
also increased slightly over the past 12 months to Q4 2016. Average
days on market for rental properties have remained relatively stable but
still sits at tight competitive levels of 30 days (houses) and 32 days
(units). Vacancy rates** have held relatively steady at 2.5%, indicating
that strong rental demand is ongoing in the area.
KEY COMMENTS
OVERVIEWPROJECT DEVELOPMENT MAP 1st HALF 2017*
*Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
**Projects refers to the top 20 developments within the suburbs of Edmonson Park, Glenfield, Ingleburn, Macquarie Fields.
***Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
****Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRDnationwide does not hold any liability to the exact date in which each project commences.
Source: Cordell Database, BatchGeo, ESRI ArcGIS, Department of Planning and Environment NSW, Campbelltown City Council, Liverpool City Council.
Location Project** TypeEstimated
Value***
Commence
Date****
1 Ingleburn Village Shopping Centre Commercial $15,000,000 09/01/2017
2 St Francis Catholic College Commercial $3,868,000 05/06/2017
3 Stennett Rd Warehouse Commercial $3,595,000 29/05/2017
4 Edmondson Park School - Stage 1 Commercial $2,300,000 05/06/2017
5 Stennett Rd Warehouse Commercial $1,500,000 12/06/2017
6 Broadhurst Rd Factory Commercial $1,300,000 17/01/2017
7 Croatia Avenue (94 Units) Residential $19,980,000 28/06/2017
8 Glenfield Rd (47 Townhouses) Residential $11,750,000 10/04/2017
9 Glenfield Rd (78 Townhouses) - Meadowview Residential $8,320,000 13/02/2017
10 Norfolk St, Nardoo St & Ingleburn Rd (56 Apartments) Residential $8,000,000 14/03/2017
11 Glenfield Rd – Meadowview (29 Townhouses) Residential $3,750,000 20/02/2017
12 Third Av (18 Units) Residential $3,600,000 13/03/2017
13 Cambridge St (25 Units) Residential $3,500,000 12/06/2017
14 Camden Valley Way (12 Stratas) - Ardennes Stage 3C Residential $3,332,000 10/04/2017
15 Jardine Dr Subdivision (47 Lots) Residential $2,837,000 29/05/2017
16 Croatia Av Subdivision (50 Lots) Residential $2,680,000 28/02/2017
17 Third Av Dwellings (18) Residential $2,300,000 16/02/2017
18 Ardennes Estate (38 Lots) Residential $2,228,000 01/03/2017
19 Glenfield Rd Dwellings (18 Townhouses) Residential $1,690,000 06/03/2017
20 Jardine Dr Subdivision (32 lots) Residential $1,280,000 06/02/2017
73.4%
2.7%
23.9%
Commercial Industrial Residential
Overview
PRDnationwide’s research division provides reliable, unbiased, and
authoritative property research and consultancy to clients in metro
and regional locations across Australia
PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017
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Tanvir Abir
Director
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