SHOALHAVEN CITY COUNCIL GROWTH OVERVIEW FUTURE DEVELOPMENTS**

Transcription

1

2 Number of Sales Median Price OVERVIEW Sanctuary Point is located approx. 2km of Sydney. The area is home to predominately elderly couples and well established families seeking a relaxed lifestyle. The area offers picturesque views to St Georges Basin and Booderee National Park. Change from Last House Sales Year Half Year House Median Price MARKET CONDITIONS The Sanctuary Point* market recorded a median price of $4, for houses and $34, for units, representing a respective price change of -4.3% and 9.7% between the past 12 months to Q Dwelling prices in the area* sit slightly below the Shoalhaven City Council median of price of $469, for houses and $385, for units. This indicates that the Sanctuary Point* market provides a more affordable entry point for those seeking to purchase a dwelling in the area. Average days on market for houses in Q4 216 saw a slight decline from the same period in the previous annum, now situated at 41 days. Average vendor discounts remained tight leading into Q4 216, situated at -.6% for houses and -1.4% for units. This indicates a strong demand for both houses and units in the Sanctuary Point area, in which buyers are willing to pay close to seller asking prices to secure their ideal property. Median rents in the Sanctuary point area* have seen a relatively stable trend over the past 12 months to Q4 216, with houses renting for $35 per week. Units over the same period, saw a slight softening to $22 per week respectively. Over the annum the Sanctuary Point area saw a declining vacancy rate, situated at 1.1%.This reflects the substantial rental demand level present throughout the wider Illawara region of New South Wales, and the desirable nature of the Sanctuary Point* area. SHOALHAVEN CITY COUNCIL GROWTH Q3 215 Q4 215 Q1 216 House Median House Price Q2 216 Q3 216 Q4 216 $5, $4, $3, $2, $1, $ Unit Median Unit Price House Rental Price Unit Sales Unit Median Price Unit Rental Price FUTURE DEVELOPMENTS** The Sanctuary point area* is set to see an approx. $91. M of projects commence over the first half of 217. Residential accounted for the vast majority of development over the period totaling $56.4 M (62.%). Commercial projects accounted for $3.6 M (33.7%), followed by infrastructure $2.1 M (2.3%) and mixed use at approx. $1.8 M (2.%). The main project seen over the first half of 217 is the Bayswood retirement living village, which has an estimated value of $54.8 M. This project is anticipated to commence in February 217 and will see 166 units added to the market. Other residential projects include the Norwa Street Residential apartment building (8 units) and Island point Road units (3 units), both of which scheduled to commence in early 217. Currambene St Shop Top Housing is a mixed use project, set to add 8 units into the market. *Sanctuary Point market data and key indicators encapsulates aggregate property market conditions the following suburbs: Sanctuary Point, St Georges Basin, Heading Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. **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. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW

3 Unit Median Price House Median Price Change from Listing to Sale Price -2.5% -3.1% -1.2% -3.% -4.% -3.8% -3.3% -3.1% -1.% -.6% -1.4% 3.7% AVERAGE VENDOR DISCOUNT* 5.% 4.% 3.% 2.% 1.%.% -1.% -2.% -3.% -4.% -5.% House Unit Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 AVERAGE VENDOR DISCOUNT Average Average vendor vendor discount discount reflects reflects the the average average percentage percentage difference difference between between first listed first list price price and and final final sold price. A price. lower A lower percentage percentage difference difference suggests (closer buyers to zero) are suggests willing to buyers purchase are close to willing theto first purchase asking close price to the of first a property. asking price of a property. MARKET COMPARISON GRAPH KEY FACTS UNIT The market comparison graph provides comparative trend for median price of house and units over the past 1 years. Suburbs profiled are chosen based on proximity to the main suburb analysed in the factsheet. The main suburb is highlighted through a dotted black line graph, which is Sanctuary Point. HOUSE MARKET COMPARISON $8, $7, $6, $5, $4, $3, $2, Sanctuary Point** St Georges Basin Huskisson Vincentia AREA XXXXXX UNIT MARKET COMPARISON $6, $5, $4, $3, $2, $1, Sanctuary Point** St Georges Basin Huskisson Vincentia Disclaimer: *Sanctuary Point market data and key indicators encapsulates aggregate conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia.

4 Number of Sales Median Price Average Days on Market AVERAGE DAYS ON MARKET** 8 OVERVIEW HOUSE KEY FACTS Q Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 House Unit Overall Market Trend Median Sale Price: $4, Annual Area Growth*: -4.3% Average Days on Market: 41 % Change between First Listed Price and Sold Price: -.6% KEY UNITS FACTS KEY UNIT* FACTS Q4 216 Median Sale Price : $785, Annual Area Growth: 11% Median Sale Price: $34, Average Days on Market: 36 Annual Area Growth*: 9.7% % Change between First Listed Price Average Days on Market: N/A and Sold Price: -.1% % Change between First Listed Price and Sold Price: -1.4% SALES AND MEDIAN PRICE** 25 $5, $45, 2 $4, $35, 15 $3, $25, $2, $15, Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 House Sales Unit Sales Median House Price Median Unit Price $1, $5, $ *Annual growth represents price growth for property transactions between Q4 215 to Q4 216 (inclusive). **Sanctuary Point market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Shoalhaven City Council.

5 Number of Rentals Median Rent ($) / Average Days on Market RENTAL MARKET ANALYSIS HOUSE UNIT 2 Bedroom 3 Bedroom 4+ Bedroom 1 Bedroom 2 Bedroom 3+ Bedroom OVERVIEW HOUSE KEY FACTS Q4 216 Median Rent: $35 p/w Rental Yield: 4.6% Average Days on Market: 34 Bedroom Breakdown: 1-2 Bed: 18%, 3 Bed: 54%, 4+ Bed: 29% KEY COMMENTS Interest in the Sanctuary Point* area is recorded at an average of 317 online visits per property. Median rent for houses remained stable over the past 12 months to Q4 216, whilst it saw a slight softening for units. Vacancy rates are currently at 1.1%, lower than that of Sydney at 1.9%. This indicates strong levels of rental demand. Rental yields within Sanctuary Point are currently situated at 4.6% for houses and 3.4% for units, providing a conducive environment for solid investments. UNITS KEY FACTS Q4 216 Median Rent: $22 p/w Rental Yield: 3.4% Average Days on Market: 28 Bedroom Breakdown: 1 Bed: 19%, 2 Bed: 38%, 3+ Bed: 44% MEDIAN RENT AND AVERAGE DAYS ON MARKET* Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 House Unit House Average Days Heading Unit Average Days Median House Rent Median Unit Rent 5 *Disclaimer: Sanctuary Point market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, SQM Research, Rental Tenancy Authority of NSW.

6 PROJECT DEVELOPMENT MAP 1 st HALF 217* OVERVIEW 2.3% 33.7% 62.% 2.% Residential Commercial Mixed Use Infrastructure Location Project** Type Estimated Value*** Commence Date^ 1 Vincentia Village Town Centre Commercial $3,, 12/6/217 2 Huskisson Beach Motel Commercial $39, 6/2/217 3 Superior Cabinetes Scallop St Commercial $25, 16/1/217 4 Naval College Road Infrastructure $2,133, 16/1/217 5 Currambene St Shop Top Housing (8 Units) Mixed Use $1,8, 16/1/217 6 Bayswood Retirement Living Village (166 Units) Residential $54,84, 1/2/217 7 Nowra St Residential Apartment Building (8 Units) Residential $1,95, 1/2/217 8 Island Point Road Units (3 Units) Residential $5, 6/2/217 *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 developments within the suburbs of Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian, Sussex Inlet. ***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 and/or is completed. Source: Cordell Database, BatchGeo, Department of Planning and Environment NSW, Shoalhaven City Council.

7 ABOUT PRDnationwide RESEARCH PRDnationwide s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro and regional locations across Australia Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. OUR KNOWLEDGE Access 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. Overview 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 PEOPLE Our 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 AREA government XXXXXX bodies and their advice has AREA helped steer XXXXXX the direction of a number of property developments and secured successful outcomes for our clients. OUR SERVICES Our 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. OUR OUR SERVICES SERVICES INCLUDE: INCLUDE: Advisory and consultancy Market Analysis including profiling and trends Primary qualitative and quantitative research Demographic and target market Analysis Geographic information mapping Project Analysis including product and pricing recommendations Rental and investment return analysis Wayne Poole, Managing Director PRDnationwide Sanctuary Point 3/18 Paradise Beach Road, Sanctuary Point NSW 254 Australia T M E wayne@prdnationwidesp.com.au Heading 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. 217

8