Hawkesbury LGA Overview New South Wales

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1 Hawkesbury LGA Overview New South Wales All suburbs in the Hawkesbury LGA Agnes Banks Ebenezer Mellong Ten Mile Hollow Berambing Fernaces Mogo Creek Tennyson Bilpin Freemans Reach Mountain Lagoon The Devils Wilderness Blaxlands Ridge Glossodia Mulgrave The Slopes Bligh Park Grose Wold Oakville Upper Colo Bowen Mountain Higher MacDonald Perrys Crossing Upper Macdonald Bucketty Hobartville Pitt Town Vineyard Cattai Kurmond Pitt Town Bottoms Webbs Creek Central Colo Kurrajong Putty Wheeny Creek Central Macdonald Kurrajong Heights Richmond Wilberforce Clarendon Kurrajong Hills Richmond Lowlands Windsor Colo Leets Vale Riverstone Windsor Downs Colo Heights Lower MacDonald Scheyville Wisemans Ferry Cornwallis Lower Portland South Windsor Womerah Cumberland Reach Maraylya St Albans Wrights Creek McGraths Hill Yarramundi

2 Top Performing Suburbs in the Hawkesbury. At Muller Real Estate, we understand the importance of understanding true value when buying or selling property. When determining the value of a property, we need to look at two factors: 1. Comparable sales evidence for similar properties in similar locations 2. Take a position on where the property sits on the cycle specific to its location and attributes. Obtaining comparable sales evidence is clearly an important factor when determining a property s value as it allows us to justify a price when attempting to list it at a certain level. Market Demand by Suburb Views per property - highest to lowest 2,000 1,800 1,600 1,400 1,200 1,

3 At Muller Real Estate, we researched data collected that analyses the performance of various pockets within the Hawkesbury and found some interesting findings which we are pleased to share. Our research allows us to delve deeper into understanding the growth potential of specific areas within the Hawkesbury when studied in terms of: 1. Rental Values 2. Sale Prices- analysing movement over a period of time between different locations: 3 Relative Affordability Undertaking a comparison with other suburbs across the state in terms of affordability. 4. Demand Analysing the amount of traffic coming through for different areas based on clicks on various website portals including realestate.com.au and domain.com.au Median Weekly Rent by Suburb Highest to lowest $700 $600 $500 $400 $300 $200 $100 What we have here is a snapshot of some of these findings, there are more revelations of interest that you may obtain by ing info@mullerre.com.au and we can also share these. We are pleased to report that the Hawkesbury rates well in each of these categories. The Hawkesbury like most of NSW has seen growth over the last five years. We are keen to see how these factors in the Hawkesbury with NSW average. For the purposes of this discussion, we have simply contrast the various suburbs in the Hawkesbury with the state average along with a comparison of performance and potential. The Hawkesbury remains a destination of choice based on lifestyle and history (Five Macquarie Towns of Castlereagh, Pitt Town, Wilberforce, Richmond and Windsor established by Governor

4 of NSW Lachlan Macquarie in 1810) for many families trying to get out of the hustle and bustle of life closer to the Sydney CBD and who can identify with the area. The Hawkesbury is also in the process of developing its transport, technological networks and has access to most if not all services around NSW. When comparing the Hawkesbury with the state, we see value both for purchasers and vendors with opportunities still for both parties based on affordability when comparing prices of similar properties. We have seen most recently the attraction to Pitt Town and the prices in this location achieved spilling into other nearby areas including McGraths Hill, Oakville and Cattai as well as closer in to Windsor and Richmond. Median House Prices by Suburb (5 year growth) High Priced Suburbs (>$1m) $3,000, $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500, Within the Hawkesbury, prices fluctuate in different areas mainly due to the sizes of the land. We have broken the Hawkesbury up into average prices from Affordable, Medium to High. For example the highest priced suburbs include Oakville, Maraylya and Windsor Downs. Oakville has been the biggest performer in the last 12 months with a substantial median price increase over the last 12 months of approximately $600,000-$700,000 to almost $2.5 million for a 4-5 bedrooms on 5 acres. Many purchasers would be banking on the potential for future redevelopment alongside Maraylya and Pitt Town. In the mid range areas from $700,000-$1,000,000 we are seeing big increases in Ebenezer, Wilberforce, Kurmond, Kurrajong and Agnes Banks. These properties are typically on the northern side of the Hawkesbury and on acreage parcels of land with older to modern style homes. There has developed a gap between areas included in the higher priced bracket to the

5 south of the bridge to the north and a typical case in point is the average house prices achieved in areas around Pitt Town when compared with Wilberforce and Ebenezer which represent outstanding value in the future for growth potential once the bridge whereabouts has been finalised. Mid Priced Suburbs ($700k to $1m) $1,200, $1,000, $800, $600, $400, $200,000 Excellent growth prospects exist in the more affordable suburbs in the Hawkesbury and these areas include Glossodia, Freemans Reach and Hobartville where properties can still be purchased from $550,000-$600,000 which is well below the state average of $980,000 and within the realms of affordability for first home owners and investors looking for solid rental returns with average rental being $400-$500 per week. Thomas Muller principal at Muller Real Estate said, that whilst the sale prices remain affordable, when combined with the amenity of the Hawkesbury, strong demand will remain bringing upward pressure on sale prices which is good for home buyers and vendors. Strong demand exists also from tenants also looking for more affordable options to live.

6 Affordable Suburbs (<$700k) $800, $700,000 $600, $500, $400,000 $300, $200, $100,000 One of the most interesting findings was that the Hawkesbury features well when studying demand by suburb, when compared with the state average the Hawkesbury is by far the best performer with notable interest being shown in Grose Wold, Yarramundi and Windsor Downs with on average three times as many clicks on realestate.com.au and domain.com.au. This interest is a good sign for these areas which is not often seen. In conclusion, the Hawkesbury continues to show good signs for future growth for each level of buyer whether wanting to invest or to occupy. We have not commented on interest rates however we are of the opinion that prices in this region have taken longer to move when compared with the rest of Sydney which has generally moved continually upward during this period whereas property prices in the Hawkesbury has tended to step up and plateau, moving differently. For more information on where your property sits in the market whether renting, selling or buying in the current market taking these important factors into account then please feel free to contact any of our friendly staff at Muller Real Estate on where we are only too happy to discuss the bigger picture with you when understanding your property s true value