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Page 1: R E S E - PRD · 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

R E S E

Page 2: R E S E - PRD · 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

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House Unit

Median House Price Median Unit Price

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.

Page 3: R E S E - PRD · 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

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%

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0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

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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Ingleburn Campbelltown Eagle Vale

*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.

Page 4: R E S E - PRD · 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

27

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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%

670

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House Sales Unit Sales Median House Price Median Unit Price

Page 5: R E S E - PRD · 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

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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House Unit House Average Days

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

Page 6: R E S E - PRD · 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

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

Page 7: R E S E - PRD · 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

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

ABOUT PRDnationwide RESEARCH

AREA XXXXXX AREA XXXXXX

Our extensive research capability and specialised approach ensures our

clients can make the most informed and financially sound decisions

about residential and commercial properties.

OUR KNOWLEDGEAccess to accurate and objective research is the foundation of all

good property decisions

As the first and only truly knowledge based property services company,

PRDnationwide shares experience and knowledge to deliver innovative

and effective solutions to our clients.

We have a unique approach that integrates people, experience, systems

and technology to create meaningful business connections We focus on

understanding new issues impacting the property industry; such as the

environment and sustainability, the economy, demographic and

psychographic shifts, commercial and residential design; and forecast

future implications around such issues based on historical data and fact.

OUR PEOPLEOur research team is made up of highly qualified researchers who

focus solely on property analysis

Skilled in deriving macro and micro quantitative information from multiple

credible sources, we partner with clients to provide strategic advice and

direction regarding property and market performance. We have the

added advantage of sourcing valuable and factual qualitative market

research in order to ensure our solutions are the most well considered

and financially viable.

Our experts are highly sought after consultants for both corporate and

government bodies and their advice has helped steer the direction of a

number of property developments and secured successful outcomes for

our clients.

OUR SERVICESOur research services span over every suburb, LGA, and state within

Australia; captured in a variety of standard and customized products

We have the ability and systems to monitor market movements,

demographic changes and property trends. We use our knowledge of

market sizes, price structure and buyer profiles to identify opportunities

for clients and provide market knowledge that is unbiased, thorough and

reliable.

Reza Karim

Principal/Licensed Real Estate

Tanvir Abir

Director

PRDnationwide Ingleburn

47B Oxford Road,

Ingleburn NSW 2565

Australia

T +61 2 9605 3433

F +61 2 9605 1412

M +61 468 472 232 (Reza)

M +61 490 044 105 (Tanvir)

E [email protected]

E [email protected]

www.prd.com.au/ingleburn

Page 8: R E S E - PRD · 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