PROPERTY FACTSHEET PROPERTY WATCH REPORT GOLD COAST Surfers Paradise Fourth Quarter INNER NORTH (ACT) 2 nd QUARTER 2015
MARKET OVERVIEW AVERAGE DAYS ON MARKET Days on Market 150 100 50 0 5.0% House House trend Unit Unit trend AVERAGE VENDOR DISCOUNT 2015 OVERVIEW KEY FACTS Unum The ACT-Inner scessu quam North tuam property obus, market diissero has shown pubi senatia mixed Scia growth Ifecons in recent cerehen years. iamditilnem nonde concust erunique The pastrehem 24 months am Romnenterdiu has seen both menatque house median cae crum pricesconvess up 4.9%, essenti and unit lnerfec mediantamenem prices down popteridena, -2.4%. quit. The same period has shown a Omnesicia Alari sultorunum num es decrease in sale volumes, suggesting iussuli befactem fac vir ina, que perid that subdued demand has dampened nes nero prit. Maiost iaes hi, conicae price growth. trati, ta ret; iaete orununt iliissendam. iussuli Price decrease befactem fac hasvir been ina, matched que peridby Dierum a downward omperena, trendperemei in the ilissen list-to-sale terraed price - emendies the housese average ipior in tam list-to-sale pro. price is now at +0.7%, while unit average list-to-sale price has dipped into negative territory, currently at - 1.0% below asking price. Vendor Discount 0.0% -5.0% -10.0% -15.0% House House trend Unit Unit trend 10 YEAR CAPITAL GROWTH $800,000 $700,000 House sales House median House trend Unit sales Unit median Unit trend 2015 Average days on market have trended down over the past 24 month period houses now average 54 days and HEADING units average 72 days on market. These trends suggest that buyers are stalling investment in ACT-Inner North, which is at its most affordable in recent years. The market is set for buyers entering the market or those looking for long-term investments. $803,000 60 50 $600,000 Median Price $500,000 $400,000 $300,000 $434,063 40 30 20 Sale Volume $200,000 $100,000 10 $0 0 2005 2006 2007 2008 2009 2010 2011 2012 2015 Source: APM PriceFinder
INVESTMENT ANALYSIS QUARTERLY RENTAL PERFORMACE Median Rent $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 35.0% Median rent p.w. Annual change 27.6% 30.0% 25.0% 5.7% -2.0% 20.0% 0.0% 15.0% $740 10.0% $560 $480 5.0% $380 0.0% -5.0% 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Annual Change KEY FACTS ACT-Inner North average rental yields are estimated at 3.35% for houses and 4.35% for units. Four bedroom rentals have recorded the greatest average annual change in median rent, up 27.6%, and have also commanded the greatest median rent price at $740 p.w. Population growth is predicted to increase at an annual average rate of 1.7%, or about 6,000 new residents per year. $398M of new developments are slated for the first half of 2015 showing strong investments in the local area. Mixed use projects and residential developments will add 616 new dwellings to the local market. POPULATION GROWTH PROPERTY CLOCK 600,000 Count of Persons 500,000 400,000 300,000 200,000 100,000 0 2011 2016 2021 2026 2031 TOP 5 NEW PROJECTS 1 st HALF 2015 Black Mountain Property Consolidation Project: $195.0M Canberra House Redevelopment: $47.2M, 191 Units Cape Street Mixed Use Development: $46.8M, 224 Units FCCA Building: $30.0M Australian Capital Territory LGA Olims Mercure Canberra : $14.2M ACT Inner North ESTIMATED RENTAL YIELD House Rental Yield Unit Rental Yield Average Ainslie 3.9% 2.4% 3.2% Braddon 2.7% 5.1% 3.9% Dickson 3.5% 5.0% 4.3% Lyneham 3.8% 4.7% 4.3% O Connor 3.5% 4.2% 3.9% Turner 2.7% 4.7% 3.7% Heading Sydney Metro 3.2% 4.3% 3.8% Source: NSW Department of Housing, APM PriceFinder, Cordell Database, ACT Local Government
SALES BY PRICE MAP 2015 Source: Pricefinder, GoogleMaps, BatchGEO Disclaimer: Map captures house sales with complete addresses accurate for geocoding purposes.
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