Comparative Market Analysis - Sydney Growth Properties · 2019. 6. 21. · 63/11-21 Woniora Avenue...

Comparative Market Analysis

65/3-13 Bundarra Avenue South Wahroonga NSW 2076

Prepared on 21st June 2019

SYDNEY GROWTH PROPERTIES PTY LTD

[email protected]

The Property

65/3-13 Bundarra Avenue South Wahroonga NSW 2076

23 5,953m2 -3

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

Your Property History22 Nov, 2018 - Listed for sale at Not Disclosed

6 Apr, 2018 - Listed for rent at $950 / week

29 Mar, 2018 - Listed for sale at $1,249,000

20 May, 2017 - Listed for sale at Not Disclosed

22 Jan, 2016 - Listed for sale at $1,100,000

14 Jan, 2014 - Listed for rent at $850 / week

© 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 -First Listing -

21/31-33 Millewa Avenue WahroongaNSW 2076

105m2 70m22 2 1

Sold Price $770,000

Sold Date 02-Apr-19 Year Built 2015

Distance 0.37kmDOM 14

1

Price Change -


10/5-7 Pacific Highway Wahroonga NSW2076

1,391m2 -- - -

Sold Price $675,000


Distance 0.43kmDOM -

2

Price Change -

Last Listing $640,000First Listing -

2/5-7 Pacific Highway Wahroonga NSW2076

1,407m2 90.8m23 1 1

Sold Price $675,000



3

Price Change -13.3%

Last Listing -First Listing $750,000

63/11-21 Woniora Avenue WahroongaNSW 2076

- -2 2 1

Sold PriceRS $650,000

Sold Date 07-May-19 Year Built -


4

Price Change -

Last Listing $750,000First Listing -

2/1 Aaron Place Wahroonga NSW 2076

9,381m2 108m23 2 2

Sold PriceRS $800,000

Sold Date 13-May-19 Year Built 1976


5

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


Comparable Sales

Price Change -


732/2C Munderah Street WahroongaNSW 2076

1.59ha -2 2 1

Sold Price $840,000

Sold Date 07-Mar-19 Year Built 2007


6

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


WahroongaDemographic

Suburb Insights

17.3 kPopulation

4%5 years population

change

8.9 yearsAverage length of

ownership

HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE

TYPE % TYPE % TYPE % TYPE %

Childless Couples 31.7 Owns Outright 39.7 0-15.6K 2.9 0-9 11.5

Couples with Children 56.6 Purchaser 40.9 15.6-33.8K 6.4 10-19 17.2

Single Parents 10.5 Renting 16.3 33.8-52K 6.8 20-29 9.4

Other 1.2 Other 1.6 52-78K 9.7 30-39 9.8

Not Stated 1.5 78-130K 17.4 40-49 14.5

130-182K 11.8 50-59 13.8

182K+ 33.6 60-69 9.8

70-79 7.2

80-89 5.0

1.690-99

The size of Wahroonga is approximately 9.7 square kilometres. It has 30 parks covering nearly 9.4% of totalarea. The population of Wahroonga in 2011 was 16,725 people. By 2016 the population was 17,348 showing apopulation growth of 3.7% in the area during that time. The predominant age group in Wahroonga is 10-19years. Households in Wahroonga are primarily couples with children and are likely to be repaying over $4000per month on mortgage repayments. In general, people in Wahroonga work in a professional occupation. In2011, 80.3% of the homes in Wahroonga were owner-occupied compared with 80.6% in 2016. Currently themedian sales price of houses in the area is $1,800,000.


Local Schools

SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS

Abbotsleigh Junior School

24 Woonona AvenueWahroonga NSW 2076

0.14km Combined - Non-Government 0-0

Abbotsleigh

1712 Pacific HighwayWahroonga NSW 2076

0.28km Combined Female Non-Government 0-12

Knox Grammar School -Wahroonga PreparatoryCampus2/31-33 Millewa AvenueWahroonga NSW 2076

0.34km Combined - Non-Government 0-0

Wahroonga PreparatorySchool

0.52km Primary Mixed Non-Government 1-6

St Lucy's School

21 Cleveland StreetWahroonga NSW 2076

0.74km Special Mixed Non-Government 0-0

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


Recent Market Trends

Sales by Price - 12 months (Unit)

PRICE

<200K

200K-400K

$400K-$600K

$600K-$800K

$800K-$1M

$1M-$2M

>$2M

NUMBER

0

0

3

19

10

15

2

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

Mar 2019 3 $820,000 -1.8% 55 31 $580

Feb 2019 2 $835,000 -0.6% 59 33 $580

Jan 2019 4 $840,000 -2.6% 47 35 $580

Dec 2018 9 $862,500 3.3% 55 37 $580

Nov 2018 6 $835,000 2.8% 47 37 $590

Oct 2018 5 $812,500 -0.7% 44 29 $580

Sep 2018 3 $818,500 0.9% 45 27 $580

Aug 2018 9 $811,000 -0.7% 46 30 $580

Jul 2018 6 $817,000 0.9% 45 29 $580

Jun 2018 4 $810,000 0.0% 44 25 $580

May 2018 3 $810,000 -4.7% 36 25 $580

Apr 2018 7 $850,000 -4.0% 40 27 $580


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

61

69

144

173

119

166

89

86

94

119

95

216

106

64

42

46

59

53

38

62

MEDIAN PRICE

$820,000

$885,000

$827,500

$785,000

$709,000

$635,000

$595,000

$627,500

$565,500

$551,000

$500,000

$505,000

$472,000

$517,500

$507,500

$470,000

$515,000

$407,000

$349,775

$316,500

GROWTH

-7.3%

6.9%

5.4%

10.7%

11.7%

6.7%

-5.2%

11.0%

2.6%

10.2%

-1.0%

7.0%

-8.8%

2.0%

8.0%

-8.7%

26.5%

16.4%

10.5%

27.5%

DAYS ON MARKET

55

40

47

26

30

27

59

47

42

28

48

53

92

114

102

41

76

28

-

-

LISTINGS

80

81

80

78

99

96

86

87

68

61

51

54

40

42

44

25

17

11

9

5

ASKING RENT

$585

$580

$600

$550

$550

$570

$540

$550

$510

$500

$427

$420

$365

$360

-

-

-

-

-

-


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.


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Comparative Market Analysis - Sydney Growth Properties · 2019. 6. 21. · 63/11-21 Woniora Avenue...

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