Australian Buyers Agent Services L29 Chifley Tower, Sydney, NSW, 2000 Ph: 1300 319 809 Comparative Market Analysis Contact Details Australian Buyers Agent Services Mobile: 1300 319 809 Email: info@austbas.com.au Property Details 61 102 MILLER ST, PYRMONT, NSW, 2009 Lot: 61 DP/SP: / 61131 Area(m2): 6503 Dwelling: Unit 2 2 1 Street rating: 8 out of 10 The Residex Price Estimate is $595,600 Report generated 05-11-09 11:11:55
Residex Price Estimate Residex has determined a Price Estimate for this property of $595,600. This estimate is derived from the results of various tests. The 5 main tests used look at 1) comparable sales, 2) how this property compares to others in the street, 3) the median value for the suburb, 4) the land area and 5) the upgraded sale price. The information below shows the results of each of these tests: Test 1 Comparable Sales Description Value based on sales in the local area of properties which have comparable attributes. Test Value $573,900 Test 2 Street Rating The price based on comparative street rating. $605,700 Test 3 Median Value The price based on the median value of properties in the immediate area. $557,000 Test 4 Area m2 The price based on dwelling values per sq metre of land (note this does not apply for units and only applies when we have the land area for the property). n/a Test 5 Upgraded Sale Price The price based on capital growth in the suburb and the property's last sale price. $596,500 Test Summary The graph below shows the results of each of the above tests in a visual format. The horizontal line illustrates the Residex (Right) Price Estimate and its alignment to the different test values. 2
Sales History for 61 102 MILLER ST, PYRMONT Sale Date Sale Price Upgraded Sale Price Vacant Land Data Validity 27/07/2009 $585,000 $596,500 N C 22/10/1999 $377,000 N C Street Rating Information for MILLER ST Street Rating Value The table on the left shows the range of values for the street and their associated rating. 10 > $ 783,000 9 $ 643,000 8 $ 606,000 7 $ 589,000 6 $ 577,000 5 $ 567,000 4 $ 554,000 3 $ 539,000 2 $ 515,000 1 $ 451,000 0 < $ 411,000 This property has been rated as a 8 out of 10 when compared to other properties in the street. This rating has been established by considering the following factors: # The number of bedrooms # The floor area of the property # The size of the land # The condition and appearance of the property # The age of the property # The outlook and views of the property The rating is highly relevant in determining the Residex Price Estimate for this property as it allows up to date analysis of the condition and unique features of the property. If you feel the rating for this property is too high or too low, please contact Australian Buyers Agent Services and ask them to produce the report with your updated rating. Current Medians (Units) Median Values (End of Last Quarter) Median Rent (End of Last Quarter) Area Amount Area Amount Yield SYDNEY $ 427,000 PYRMONT, 2009 $557,000 SYDNEY $420 5.1% PYRMONT, 2009 $580 5.7% Capital Growth Area 3yrs Ago 2yrs Ago 1yr Ago SYDNEY 3.6% 0 8.2% PYRMONT, 2009 6.3% 5.3% 9.3% 3
Demographics for PYRMONT Location of PYRMONT 4
Recent Comparable Sales Dist. Address Beds Area m2 Sale Price Transfer Date Upgraded Sale Data Price Validity 0.96 709/45-49 Shelley St, Sydney 2 - $591,300 16/06/2009 $605,500 C 0.96 316/45-49 Shelley St, Sydney 2 - $535,000 19/06/2008 $538,900 C 0.96 216/45-49 Shelley St, Sydney 2 - $520,000 19/06/2008 $523,800 C 0.96 601/45-49 Shelley St, Sydney 2 - $672,500 27/07/2009 $675,300 C 0.96 605/45-49 Shelley St, Sydney 2 - $710,000 06/12/2007 $733,300 C 0.96 312/45-49 Shelley St, Sydney 2 - $395,000 17/02/2009 $415,100 C 0.96 805/45-49 Shelley St, Sydney 2 - $755,000 27/11/2008 $785,500 C 0.96 408/45-49 Shelley St, Sydney 2 - $308,000 06/03/2007 $353,400 C 0.99 37/45 Lime St, Sydney 2 - $492,500 22/06/2007 $542,300 C 0.99 401/25 Lime St, Sydney - - $1,525,000 04/08/2009 $1,531,400 C 1.08 405/132-136 Sussex St, Sydney - - $340,000 16/12/2008 $356,700 C 1.1 54/110-116 Sussex St, Sydney 2 - $580,000 06/03/2009 $603,300 C 1.1 98/110-116 Sussex St, Sydney 2 - $580,000 06/03/2009 $603,300 C 1.1 73/110-116 Sussex St, Sydney 2 - $500,000 01/02/2007 $569,500 C 1.1 71/110-116 Sussex St, Sydney 2 - $615,000 29/06/2009 $624,800 C 1.1 86/110-116 Sussex St, Sydney - - $615,000 29/06/2009 $624,800 C 1.1 34/110-116 Sussex St, Sydney 2 - $590,000 31/07/2007 $639,500 C 1.1 76/110-116 Sussex St, Sydney - - $590,000 31/07/2007 $639,500 C 1.1 101/110-116 Sussex St, Sydney 2 - $650,000 25/06/2007 $714,500 C 1.1 95/110-116 Sussex St, Sydney 2 - $650,000 25/06/2007 $714,500 C 1.1 97/110-116 Sussex St, Sydney 2 - $650,000 25/06/2007 $714,500 C 1.1 72/110-116 Sussex St, Sydney 2 - $460,000 15/08/2008 $464,000 C 1.1 131/110-116 Sussex St, Sydney 2 - $655,000 09/05/2007 $737,400 C 1.1 23/110-116 Sussex St, Sydney - - $370,000 21/06/2007 $407,600 C 1.1 121/110-116 Sussex St, Sydney 2 - $740,000 12/09/2007 $784,500 C 1.1 114/110-116 Sussex St, Sydney 2 - $770,000 04/04/2007 $873,400 C 1.12 1006/355 Kent St, Sydney 2 - $535,000 26/04/2007 $605,000 C 1.12 106/355 Kent St, Sydney 2 - $530,000 27/06/2008 $531,700 C 1.12 2201/355 Kent St, Sydney 2 - $700,000 07/04/2009 $722,800 C 1.12 1002/355 Kent St, Sydney 2 - $370,000 04/09/2008 $376,300 C 1.13 125/361-363 Kent St, Sydney 2 - $550,000 01/06/2007 $612,800 C 1.13 88/361-363 Kent St, Sydney 2 - $550,000 20/05/2008 $560,800 C 1.13 135/361-363 Kent St, Sydney 2 - $640,000 18/05/2009 $662,500 C 1.13 302/379 Kent St, Sydney - - $520,000 16/07/2009 $524,500 C 1.13 124/361-363 Kent St, Sydney 2 - $660,000 24/08/2007 $705,300 C 1.13 109/361-363 Kent St, Sydney 2 - $685,000 11/09/2007 $726,500 C 1.13 114/361-363 Kent St, Sydney 2 - $687,000 30/08/2007 $731,600 C 1.13 154/361-363 Kent St, Sydney 2 - $680,000 06/07/2007 $743,700 C 1.13 81/361-363 Kent St, Sydney 2 - $730,000 18/01/2008 $749,000 C 1.13 118/361-363 Kent St, Sydney 2 - $800,000 09/07/2009 $809,300 C 1.13 155/361-363 Kent St, Sydney 2 - $830,000 05/10/2007 $873,600 C 1.13 156/361-363 Kent St, Sydney 2 - $906,000 07/12/2007 $935,400 C 1.16 1301/252 Sussex St, Sydney - - $290,000 21/06/2007 $319,500 C 1.18 36/281-287 Sussex St, Sydney 2 - $555,000 02/10/2007 $584,600 C 1.18 25/281-287 Sussex St, Sydney 2 - $605,000 07/10/2008 $625,500 C 1.18 37/281-287 Sussex St, Sydney 2 - $480,000 16/05/2008 $489,900 C 1.19 315/289-295 Sussex St, Sydney 2 - $520,000 19/04/2007 $588,600 C 1.19 310/289-295 Sussex St, Sydney 2 - $583,000 27/02/2008 $604,800 C 1.19 206/289-295 Sussex St, Sydney 2 - $540,000 05/10/2007 $568,300 C 1.19 196/289-295 Sussex St, Sydney 2 - $500,000 25/01/2007 $568,200 C 1.19 232/289-295 Sussex St, Sydney 2 - $510,000 15/01/2008 $523,100 C 1.19 258/289-295 Sussex St, Sydney 2 - $498,000 22/10/2007 $521,500 C 1.19 202/289-295 Sussex St, Sydney 2 - $470,000 30/11/2007 $486,400 C 1.19 54/177 Clarence St, Sydney 2 - $690,000 31/05/2007 $769,200 C 1.19 34/177 Clarence St, Sydney 2 - $695,000 10/04/2007 $787,700 C 1.19 330/289-295 Sussex St, Sydney 2 - $900,000 25/03/2009 $930,100 C 1.19 128/289-295 Sussex St, Sydney - - $930,000 08/10/2007 $977,900 C 1.19 58/177 Clarence St, Sydney 2 - $15,000 24/08/2007 $16,000 C 1.19 25/177 Clarence St, Sydney 2 - $1,500,000 21/12/2007 $1,541,100 C 1.19 26/177 Clarence St, Sydney 2 - $1,500,000 21/12/2007 $1,541,100 C 5
Predicted Future of Key Economic Factors Capital Growth Area Next 5 Years Next 8 Years SYDNEY 2% p.a. 4% p.a. PYRMONT -0% p.a. 3% p.a. The graph opposite shows the predicted capital growth for SYDNEY. Rental Returns SYDNEY The graph opposite shows the predicted rental yield for SYDNEY. Home Loan Rate Area Next 5 Years Next 8 Years SYDNEY 6% p.a. 7% p.a. The graph opposite shows the predicted home loan rate for SYDNEY. Inflation Rate (CPI) Area Next 5 Years Next 8 Years SYDNEY 3% p.a. 3% p.a. The graph opposite shows the predicted inflation rate for SYDNEY. 6
Median Values Across the Metropolitan Region Other Reports to Help with Your Decision Making LOOKING FOR THE BEST GROWTH AREAS? Residex uses the most up-to-date and accurate statistical growth prediction methods available to produce Top 100 reports which reduces Australia's 10,000 plus suburbs to those we predict will be amongst the highest capital growth performers over the next 8 years. NOT SURE WHERE TO INVEST? Look in Residex's Best Rent Report and you ll find the top 100 Australian suburbs and towns for rental yield and predicted capital growth. Residex's researchers and statisticians have analysed 10,000 plus suburbs around Australia to locate the 100 best areas for astute investors. WHERE TO BUY? WHEN TO SELL? HOW MUCH TO PAY? The Residex Reports detail key data such as typical (median) values, number of sales, capital growth and rental returns for every suburb in the state of your choice. Complete with Residex's expert advice on how to get the most out of this data, this report is the most thorough and up-to-date analysis available of the property market in your state. To find out more about these reports, contact Australian Buyers Agent Services on 1300 319 809 or email info@austbas.com.au 7
Company Details Company Name Australian Buyers Agent Services ABN Address L29 Chifley Tower, Sydney, NSW, 2000 Contact Name Australian Buyers Agent Services Phone 1300 319 809 Fax 1300 558 231 Mobile 1300 319 809 email info@austbas.com.au Web If you have any questions about this report, or the property, please contact Yenktesh Reddy on 1300 319 809. Our standard marketing process is outlined in the enclosed document. 8
What if I don't agree with the Residex Price Estimate? Residex has a high level of accuracy with its Residex Price Estimate. In fact, the Residex Price Estimate will in more than 90% of instances be within 10% of the final selling price if correct data has been provided. If you think the Residex Price Estimate is too high or too low, we recommend you use the guide below to walk you through the valuation process and establish your own highly accurate price estimate. Start: Do you have a rough idea of the value of the property Yes No Does the Residex Price Estimate seem reasonable? Yes Now look at the comparable sales list and select up to 3 of the most similar properties to your property and that have a value close to that of the Residex Price Estimate. No No Look at the 5 test values that appear on page 2 and select the values which are closest to each other. There should be 2 or 3 which are within 10% of each other. This provides you with a value range. Do you think this value range is Yes Now look at the comparable sales list and select up to 3 of the most similar properties to your property and that value fits within your value range. Finish: You should now be able to establish an accurate estimate for your property. If you are still having difficulties in obtaining a price estimate or you have any queries regarding the estimate you have established using this help, please contact one of Residex's helpful advisors by emailing info@residex.com.au. 9
Definitions of Terms Comparable Sales - These are sales which have occured in the area within the last 2 years which are deemed to have similar attributes to the property of interest. Street Rating - This is a rating given to a property as to how it compares to other properties in the street. The rating is from 0 to 10 (with 0 being the worst quality property on that street and 10 being the best). For further details regarding the rating, see page 3 - Street Rating Information for MILLER ST. Median - The median is the mid point of a set of numbers. Upgraded Sale Price - This is a figure which takes the previous sale price and then adds the capital growth which has occured since that sale. Data Validity - C = Confirmed means this sale record has been received from government. U = UnConfirmed means we have received this sale from the government however the address for which it has been registered does not match any address we have in our system at the time of the last update from Australia Post. UA = UnConfirmed Agent means this sale information has collected from a real estate agent however Residex has not as of yet received a government record to confirm its validity. UR = UnConfirmed Record means this sales record has been collected from another source however Residex has not received a government record to confirm its validity. Rental Yield - The rental yield is the amount of rent you can expect to receive in a year, expressed as a percentage of a property's value. Disclaimer The Parties making available this report to you gives no warranties nor accepts any liability for any decision with respect to any decision made to invest in this property or buy or not buy the property described herein as a consequence of the use of this report. The Parties believe the statements, information, calculations, data and graphs contained herein to be correct and not misleading but give no warranty in relation thereto and expressly disclaim any liability for any loss or damage which may arise from any person acting or deciding not to act partly or wholly on the basis of any such statements, information, recommendations, calculations, data or graphs. The Parties acknowledge and operate in a manner which complies with the Privacy Act of 1988, privacy and personal Information Protection Acts relevant for the State jurisdiction of where this property is located. The Parties also acknowledge and operate in a manner which complies with any other state's legislation which is applicable to privacy and regulations made under those acts as amended from time to time. The Parties will not used Licensed Data or Licensed Data Products for Direct Marketing. 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By ordering a product from this website and having downloaded this report you are taken to have acknowledged that it is being ordered via the www.findmeahome.com.au website and you are also taken to not only have agreed to these terms but also all other terms specified in the websites of The Parties. Information provided for New South Wales properties has been developed in part by using some property information provided under licence from the State of New South Wales (Department of Lands NSW). The Department of Lands NSW makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses, damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. Products on this site may use and be based on data provided with the permission of the Department of Lands NSW, and all such licensed date products are copyright the State of New South Wales. The property sales information is provided at least monthly by Department of Lands NSW and Residex updates its data bases within 10 days of any monthly receipt of property data. Data collected from other sources is immediately included in Residex's data bases. Residex is authorised as a Sales Information Provider by the NSW Department of Lands. 10