Comparative Market Analysis...9 Jun, 2013 - Listed for rent at $825 / week 30 Nov, 2004 - DA for...

Comparative Market Analysis

26 Gwawley Parade Miranda NSW 2228

Prepared on 27th June 2019

SYDNEY GROWTH PROPERTIES PTY LTD

[email protected]

The Property

26 Gwawley Parade Miranda NSW 2228

36 697m2 190m22

SYDNEY GROWTH PROPERTIESSELECTED PROPERTIES FOR INVESTORS - DEVELOPERS & 1ST HOMEBUYERS

Your Property History25 Jun, 2019 - Listed for sale at Auction Preview

15 May, 2019 - Listed for rent at $800 / week

20 Oct, 2014 - Sold for $990,000

29 Sep, 2014 - Listed for sale at AUCTION, UNLESS SOLD PRIOR

9 Jun, 2013 - Listed for rent at $825 / week

30 Nov, 2004 - DA for Additions, Alterations for $20,000

© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

Floor Plan


Comparables Map: Sales


Comparable Sales

Price Change -

Last Listing $1,200,000First Listing -

158A Parraweena Road Miranda NSW2228

313m2 176m24 3 1

Sold PriceRS $1,190,000

Sold Date 26-Apr-19 Year Built 2017

Distance 0.16kmDOM 30

1

Price Change -

Last Listing $1,090,000First Listing $1,250,000

137 Parraweena Road Miranda NSW 2228

550m2 121m24 2 2

Sold PriceRS - UN



2

Price Change -

Last Listing -First Listing -

1 Frances Place Miranda NSW 2228

562m2 204m26 2 1

Sold PriceRS - UN

Sold Date 14-May-19 Year Built 1970


3

Price Change -

Last Listing $950,000First Listing $1,189,000

35 Milford Road Miranda NSW 2228

550m2 -3 1 1

Sold PriceRS - UN

Sold Date 03-Jun-19 Year Built -


4

Price Change -20%

Last Listing -First Listing $1,000,000

23 Goodacre Avenue Miranda NSW 2228

556m2 110m23 1 2

Sold Price $800,000



5

= Recent saleDOM = Days on market RS UN = Undisclosed Sale


Comparable Sales

Price Change -


82 Kareena Road Miranda NSW 2228

809m2 246m25 3 1

Sold PriceRS - UN

Sold Date 20-Jun-19 Year Built 2019


6

Price Change -


493 Kingsway Miranda NSW 2228

920m2 117m23 1 1




7

Price Change -


15 Garnet Road Miranda NSW 2228

556m2 -3 2 2

Sold PriceRS $940,000

Sold Date 21-May-19 Year Built -


8

Price Change -


143 Bellingara Road Miranda NSW 2228

826m2 -3 1 2




9

Price Change -


5 Macartney Street Miranda NSW 2228

570m2 132m24 2 1

Sold Price $1,145,000



10



Comparable Sales

Price Change -3.4%


10 Anzac Street Miranda NSW 2228

645m2 104m24 3 1




11

Price Change -


275A The Boulevarde Miranda NSW2228

379m2 202m25 3 1




12

Price Change -


268 The Boulevarde Miranda NSW 2228

556m2 276m26 3 2

Sold PriceRS - UN



13

Price Change -


154 Sylvania Road Miranda NSW 2228

575m2 164m23 2 1

Sold PriceRS - UN



14

Price Change -


154B Sylvania Road Miranda NSW 2228

291m2 -3 2 1

Sold Price $1,130,000

Sold Date 03-Apr-19 Year Built -

Distance 1.85kmDOM -

15



Comparable Sales

Price Change -


2B Clifford Road Miranda NSW 2228

613m2 -4 3 2


Sold Date 15-Jun-19 Year Built -

Distance 2kmDOM 26

16



MirandaDemographic

Suburb Insights

15.3 kPopulation

6%5 years population

change

10.1 yearsAverage length of

ownership

HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE

TYPE % TYPE % TYPE % TYPE %

Childless Couples 33.7 Owns Outright 32.1 0-15.6K 3.8 0-9 13.0

Couples with Children 46.8 Purchaser 31.4 15.6-33.8K 13.8 10-19 10.4

Single Parents 18.0 Renting 32.7 33.8-52K 12.1 20-29 11.8

Other 1.5 Other 1.3 52-78K 13.6 30-39 14.4

Not Stated 2.6 78-130K 23.5 40-49 13.7

130-182K 12.8 50-59 12.0

182K+ 10.7 60-69 9.3

70-79 7.4

80-89 6.2

1.790-99

The size of Miranda is approximately 4.8 square kilometres. It has 13 parks covering nearly 4.9% of total area.The population of Miranda in 2011 was 14,435 people. By 2016 the population was 15,272 showing apopulation growth of 5.8% in the area during that time. The predominant age group in Miranda is 30-39years. Households in Miranda are primarily couples with children and are likely to be repaying $1800 - $2399per month on mortgage repayments. In general, people in Miranda work in a professional occupation. In 2011,64.2% of the homes in Miranda were owner-occupied compared with 63.5% in 2016. Currently the mediansales price of houses in the area is $1,120,000.


Local Schools

SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS

Miranda North Public School

162B The Boulevarde MirandaNSW 2228

0.6km Primary Mixed Government 0-6

Endeavour Sports HighSchool81-83 The BoulevardeCaringbah NSW 2229

0.6km Secondary Mixed Government 7-12

Caringbah High School

85 Willarong Road CaringbahNSW 2229

1.0km Secondary Mixed Government 7-12

Taren Point Public School

93 Woodlands Road TarenPoint NSW 2229

1.1km Primary Mixed Government 0-6

Our Lady Star of the SeaCatholic School44-50 Kiora Road MirandaNSW 2228

1.2km Primary Mixed Non-Government 0-6

Property is within school catchment area Property is outside school catchment area


Recent Market Trends

Sales by Price - 12 months (House)

PRICE

<200K

$200K-$400K

400K-600K

$600K-$800K

$800K-$1M

$1M-$2M

>$2M

NUMBER

0

2

0

4

18

83

5

PERIOD PROPERTIES SOLD MEDIAN PRICE GROWTH DAYS ON MARKET LISTINGS ASKING RENT

Mar 2019 12 $1,120,000 -2.6% 58 51 $725

Feb 2019 18 $1,150,000 -6.1% 53 54 $730

Jan 2019 11 $1,225,000 -2.0% 52 54 $750

Dec 2018 12 $1,250,000 -0.4% 50 47 $735

Nov 2018 14 $1,255,000 -1.8% 50 54 $740

Oct 2018 13 $1,277,500 -1.7% 39 52 $700

Sep 2018 10 $1,300,000 0.0% 37 44 $720

Aug 2018 14 $1,300,000 -1.5% 34 42 $730

Jul 2018 10 $1,320,000 -0.4% 32 36 $720

Jun 2018 19 $1,325,000 -1.1% 32 35 $725

May 2018 17 $1,340,000 0.0% 32 37 $710

Apr 2018 14 $1,340,000 -0.7% 32 42 $700


Long Term Market Trends

PERIOD

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

PROPERTIES SOLD

164

211

189

166

155

132

107

125

124

136

103

131

131

117

105

109

139

173

110

143

MEDIAN PRICE

$1,120,000

$1,350,000

$1,227,500

$1,200,000

$920,000

$809,000

$722,500

$715,000

$701,000

$634,000

$570,000

$592,500

$538,500

$555,000

$600,000

$620,000

$517,625

$424,000

$388,000

$380,000

GROWTH

-17.0%

10.0%

2.3%

30.4%

13.7%

12.0%

1.0%

2.0%

10.6%

11.2%

-3.8%

10.0%

-3.0%

-7.5%

-3.2%

19.8%

22.1%

9.3%

2.1%

16.0%

DAYS ON MARKET

58

32

39

38

24

21

30

36

36

19

36

54

40

73

75

17

-

-

-

-

LISTINGS

148

145

142

112

108

86

89

99

114

99

81

108

119

107

99

60

2

6

2

1

ASKING RENT

$700

$710

$650

$670

$625

$600

$595

$550

$570

$490

$470

$450

$380

$380

-

-

-

-

-

-


Disclaimer

Contains property sales information provided under licence from the Land and Property Information(“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider bythe LPI.

The Appraisal Amount contained in the report may have been manually provided by the Agent; or may bebased on an automated valuation model estimate provided by CoreLogic ('AVM Estimated Value'). AVMEstimated Values are current at the date of the publication only. It is computer generated and is not aprofessional appraisal of the subject property and should not be relied upon in lieu of appropriateprofessional advice. The accuracy of the methodology used to develop the AVM Estimated Value, theexistence of the subject property, and the accuracy of the AVM Estimated Value and all rule sets providedare estimates based on available data and are not guaranteed or warranted. CoreLogic excludes all liabilityfor any loss or damage arising in connection with the Appraisal Amount and/or AVM Estimated Value.

Product Data licensed by CoreLogic under a Creative Commons Attribution licence. For details regardinglicence, data source, copyright and disclaimers, seewww.corelogic.com.au/aboutus/thirdpartyrestrictions.htmlAll information relating to Schools provided by CoreLogic is as a courtesy only. CoreLogic does not makeany representations regarding the accuracy or completeness of the data. You should contact the Schooldirectly to verify this information.

A floor plan of a property is indicative only and may not be complete or accurate. Any floor plan that isproduced is not intended or designed to replace the certificate of title or land survey.

Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic doesnot warrant the accuracy or completeness of the data and information contained in this publication and tothe full extent not prohibited by law excludes all for any loss or damage arising in connection with thedata and information contained in this publication.


Date post:	25-Aug-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

Comparative Market Analysis...9 Jun, 2013 - Listed for rent at $825 / week 30 Nov, 2004 - DA for...

Documents