Junee Property Factsheet 2nd Half 2017
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OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
well known for its sporting history,
OVERVIEW
picturesque parks and foreshore, family-
*IMAGE* OVERVIEW
oriented lifestyle and diverse
demographics and cultures.
6.5cm HIGH Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
Change from Last Year
Half
well known for its sporting history,
10.6cm WIDE picturesque parks and foreshore, family-
Year
*IMAGE* orientedHouse sales
lifestyle and diverse
demographics and cultures.
6.5cm HIGH House median
Change from Last Year
Half
10.6cm WIDE House rents
Year
House sales
Unit sales
MARKET CONDITIONS House median
Unit median
The Kogarah* property market witnessed a record-setting median house priceHouse rents
of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional
Unit rents
annual growth figures of 20.4% and 9.6% respectively. In comparison, houses
Unit sales
MARKET CONDITIONS
in the Georges River Council area grew by 15.2% to $1,425,000 and units by
14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS**
Unit median
The
houseKogarah* property
price point market
closely witnessed
mirrors that of a record-setting
the greater LGA median
areahouse
howeverpricewith Kogarah* is set to see approx.
ofthe
$1,415,000
potential and $663,000
of stronger for units
capital in Q1 Combined
growth. 2017, resulting
withinrecord-setting
exceptional median $139.9M** of new projects commencing
Unit rents
annual
prices growth figuresgrowth
and positive of 20.4% and 9.6%
trend, respectively.
Kogarah* In comparison,
is a sought after market houses
by buyers. in the area. Mixed use development
in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated
14.1%
Averageto $738,000.
days to sell Kogarah* presents
in Kogarah* havea unique
improvedopportunity,
over thewhereby months, FUTURE
past 12their DEVELOPMENTS**
value at $102.5M** (73.3%), followed by
house price point closely mirrors that of the greater LGA area however
decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah* with is set to see approx.
residential projects, which accounted for
the potential
emerged forofhouse
stronger capitaldiscounting,
vendor growth. Combinedpivotingwith
to record-setting
7.2% above the median
listing $139.9M** of new projects commencing
approx. $20.0M** (14.3%), commercial
prices
price and
and positive
indicating growth trend,market.
a sellers’ Kogarah* is a sought
Units after market
are following by buyers.
a similar trend, in the area. Mixed use development
projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted (9.6%), for the and majority of estimated
lastly infrastructure
Average
propertydays to sell in been
Kogarah* havesignificantly
improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
market has skewed towards a sellers market. $3.9M** followed (2.8%). by
decreasing
Buyers aretoincreasingly
49 for houses and 42
willing tofor
pay units
morein Q1 2017. Athe
to secure strong trend
ideal has
properties, residential projects, which accounted for
emerged
showingfor thehouse
high vendor
level ofdiscounting,
demand and pivoting to 7.2%present
competition above the listing
within the market.approx.Currently $20.0M**the (14.3%), commercial
price and indicating a sellers’ market. Units are following a similar trend, largest development
projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure
property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The
witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%).
construction of two 11 storey buildings
Buyers are increasingly willing to pay more to secure the ideal properties,
to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the
showing the high level of demand and competition present within the market.
from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently the largest development
Kogarah* unit market as well as
and 3.8% for units. underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have construction of additional retail facilities
mixed development ($83.0M**). The
such as an RSL club buildings
development.
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
construction of two 11 storey
will add a total of 220 apartments to the
from low
400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* Theunit mainmarketresidential
as well as projects for 1 st half
and 3.8% for units. construction 2017 of include
additional the Forest Road residential
retail facilities
Sales of Sales
development ($6.8M**), which will add 6
Median Price
300 such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH $1,000,000 townhouses and 1 dwelling; as well as
The main theresidential
Bembridge Streetfor
projects apartments
1st half
200
400 $1,500,000
($5.8M**) which Road will add 23 apartments
Number ofNumber
2017 include the Forest residential
$500,000 development to theHeadingmarket. The
($6.8M**), focus
which willonaddmixed 6 use
Median Price
100
300
and residential projects reflects the high
$1,000,000 townhouses and 1 dwelling; as well as
the Bembridge interest Street and demand apartments within the area.
Junee
2000 $0 ($5.8M**) which will addfigures 23 apartments
Q4 Q1 Q2 Q3 Q4 Q1$500,000 *Kogarah
to theHeading
market.
Development
conditions for The focus
the following
encapsulate
on
suburbs:
aggregate development market
mixedRockdale,
Kogarah, use Carlton, Beverley Park
100 2015 2016 2016 2016 2016 2017 Bexley,
and residential
Monterey, Kogarah
projects
**Total project value
Bay.
represents reflects theestimate
the aggregate highvalue of all residential,
Property Factsheet
commercial, industrial, and infrastructure projects scheduled to commence in th
interest firstand
half ofdemand within the area.
0 House Unit Median House Price $0Median Unit Price
2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2nd Half Unit
2017Median House Price
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
OVERVIEW
Sydney CBD. This welcoming area is
OVERVIEWwell known for its sporting history,
OVERVIEWpicturesque parks and foreshore, family-
*IMAGE* The railway heritage town of Junee is
OVERVIEWoriented lifestyle and diverse
located just a half hour north east from
demographics and cultures.
Wagga Wagga. The14kmcharming
southtown is
6.5cm HIGH Kogarah
situated
is located
amongst the magnificent
Sydney CBD. This welcoming area
Change
of the
Riverina
is Half
region, famous
well known forfrom
for its
Last wine and
its food,
sporting
Year
history,
10.6cm WIDE rolling hills. Junee’s
picturesque parks and diverse economy
foreshore, is
family-
Year
*IMAGE* driven by a
House
demographics
number
sales of industries
oriented lifestyle and diverse
agriculture, lightand
rail cultures.
and government
including
6.5cm HIGH services. Junee is perfect for seekers of a
House median
relaxed country lifestyle.
Change from Last
Half
Year
10.6cm WIDE Change
House rents
from Last Year
Year
Half
House sales Year
Unit sales
MARKET CONDITIONS House
Housesales
median
MARKET CONDITIONS
The Kogarah* property market witnessed a record-setting median house price
Unit median
House
Housemedian
rents price
The Junee* property market recorded a median price of $237,500 for
of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional
houses, representing annual price growth of 10.3% to 1st half 2017. Unit rents
annual growth figures of 20.4% and 9.6% respectively. In comparison, houses House rents
House prices in the township of Junee* were identical to the Junee Shire Unit sales
MARKET CONDITIONS
in the Georges River Council area grew by 15.2% to $1,425,000 and units by
Council ($237,500). This suggests both Junee* and the larger local
14.1% to $738,000. Kogarah* presents a unique opportunity, FUTURE DEVELOPMENTS**
government area provides an affordable option for those wanting towhereby
enter their Land sales
Unit median
The
houseKogarah*
price property
point market
closely witnessed
mirrors that a
of
the property market, without compromising on positive growth. Land record-setting
the greater median
LGA area house
however price with Kogarah* is set to see approx.
of $1,415,000
the
median pricesand
potential ofover $663,000
stronger for units
the capital
past in Q1 Combined
12growth.
months 2017,
to 1resulting
st half with inrecord-setting
2017 exceptional
grew to median Land median $139.9M** price of new projects commencing
Unit rents
annual
prices growth
and figures
positive of 20.4%
growth and
trend, 9.6%
Kogarah* respectively.
$102,750, in part reflecting the small data sample size and varying land is a soughtIn comparison,
after market houses
by buyers. in the area. Mixed use development
in the Georges
dimensions River Council
transacting duringarea grew by 15.2% to $1,425,000 and units by
Q2 2017. accounted for the majority of estimated
14.1%
Average to $738,000.
days to sell Kogarah*
in Kogarah*presents have a unique
improved opportunity,
over thewhereby
past 12their months, FUTURE FUTURE DEVELOPMENTS**
value DEVELOPMENTS**
at $102.5M** (73.3%), followed by
house
Days price
on market
decreasing point
to 49 closely
for for
houses, mirrors
houses from that
andlistingof
42 for the greater
to sale,
unitshave LGA
in Q1 seen area
2017. however
a decrease with
A strong trend has Kogarah* is set to see approx.
residential projects, which accounted for
the
over potential
the past
emerged forof12 stronger
housemonths capital
vendor growth.
2017;Combined
to 1st discounting,
half now at anwith
pivoting to record-setting
average
7.2%ofabove94 days. median
the listing Projects
$139.9M** of
commencing new projects
in commencing
the(14.3%),
Junee LGA
approx. $20.0M** commercial
prices
price and
Leading andintopositive
1st halfgrowth
indicating 2017, trend,market.
average
a sellers’ Kogarah*
vendorUnits is a sought
discounts in after
Junee*
are following market
ahave by buyers.
similar trend, during
in the 2016 area. and
Mixed 2017 usehave been focused
development
projects which contributed $13.5M**
seen
howevera partial widening
slightly lower, to sitting
-5.1%. at This
0.8%.is goodThisnews for buyers,
signifies that the indicating
Kogarah* on infrastructure
accounted for the bymajority
the stateofgovernment.
estimated
that sellers are likely to be more willing to further negotiate on initial
(9.6%), and lastly infrastructure
Average days to sell in Kogarah* have improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
property market has been skewed significantly towards a sellers market.
asking prices. This affordability. $3.9M** followed (2.8%). by
decreasing
Buyers aretoincreasingly
49 forfurther
houses confirms
and 42
willing
Junee*’s
tofor
pay units
more in Q1 2017. Athe
to secure strong
ideal trend has
properties, An infrastructural
residential projects, projectwhich of accounted
major for
emerged
showing for house
theinhigh vendor
levelhave discounting,
of demand and pivoting to
competition 7.2% above
present the listing
within the market. significance
approx. $20.0M** includes the expansion
(14.3%), commercial of the
Median
price andrents
indicating Junee*a sellers’ remained
market. Units relatively stable, now
are following at $260
a similar per
trend, Junee Currently the
Correctional Centre.largest The development
project
projects which contributed $13.5M**
week. Vacancyslightlyrates have declined to 8.4%, which suggests a greater has underway is the Kogarah RSL Club
however
Median rents
lower,
have
sitting
remained
at 0.8%.
relatively
This signifies
stable,
that the Kogarah*
whereby houses have (9.6%), and lastly infrastructure and is
an estimated value of $220M
demand for
property marketrental properties.
has been skewed Additionally,
significantlyyields over the
towards period have
a sellers market. due mixed
for completion development
in early ($83.0M**).
2019. The The
witnessedtoaremain slight strong
increase inhave
median rent to $635 and units softening slightly contributing $3.9M** (2.8%).
continued and grown to 5.7%
Buyers are increasingly willing to pay more to secure the ideal properties, in 1 st half 2017. construction
facility has a strong engagement with the of two 11 storey buildings
to $480
These over the yields
solid past 12 months. Astute investors however are still benefiting
showing the rental
high level of and demandaffordable house
and competition prices provide
present ideal
within the market. local community will add a
Currently the largest development
and totaleven of provides
220 apartments to the
from low vacancy
conditions for investors rates of 1.2%
seeking and healthy
to enter the market. rental yields of 2.5% for housesscholarships Kogarah* for young unit residents
market asinwell the as
and 3.8% for units. underway is the Kogarah RSL Club
area. The expansion
construction will
of positively
additional effect
retail facilities
JUNEE
Median rents SHIRE
have remained COUNCIL relatively GROWTH
stable, whereby houses have mixed
the local development
economy and ($83.0M**).
create The
further
such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
75 over the past 12 months. Astute investors however$300,000
to $480 are still benefiting
constructionopportunities
employment
will add a total
of two 11 storey
of 220 apartments
buildings in
for residents
to the
the Junee The area. main residential projects for 1 st half
from low400 vacancy rates of 1.2% and healthy rental yields of$250,000 2.5% for$1,500,000
houses Kogarah* unit market as well as
and603.8% for units.
Number of Sales
construction 2017 of include
additional the Forest Road residential
for Juneeretail is thefacilities
Median Price
More great news massive
Sales of Sales
$200,000 development ($6.8M**), which will add 6
Median Price
45 300 such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH $150,000 $1,000,000
Junee Abattoir land contract
Woolworths. Agriculture is currently theas well as
townhouses and 1
with
dwelling;
30400 The main
dominating theresidential
Bembridge
industry theStreet
ofprojects areafor apartments
and 1stwill
halfbe
200 $1,500,000
$100,000 ($5.8M**) which will add 23 apartments
Number ofNumber
2017 include the
further promoted by the contract. This Forest Road residential
$500,000 developmentHeading
to the market.for
Heading
($6.8M**), Thewhichfocus willon addmixed6 use
Median Price
15 $50,000 poses great prospects employment
300100 and residential projects reflects the high
$1,000,000 and business
townhouses opportunities
and 1 dwelling; in the
as area.
well as
0 $0 the Bembridge interest Street and demand apartments within the area.
2000 2H 1H 2H 1H 2H 1H $0 ($5.8M**) which will addfigures 23 apartments
2014 Q42015 Q1 2015 Q2 2016 Q3 Q4 Q1$500,000 *Junee market*Kogarah
data and key Development encapsulate
indicators encapsulates aggregateaggregate development market
property market
2016 2017 to the market. The focus on mixed use Carlton, Beverley Park
Heading
conditions conditions
in the township for the following
of Junee. suburbs: Kogarah, Rockdale,
100 House 2015 2016 2016 2016 Vacant 2016Land 2017 theand
Bexley,
**Estimated value is theMonterey,
residential
project’s sale/commercial
**Total projectvalue.
Kogarah
value of land
projects
value
Bay.
and construction
represents reflects
costs, it does not reflect
theestimate
the aggregate highvalue of all residential,
Median House Price Median Vacant Land Price ^2017 data captures
interest
property
commercial,
and
sales between
industrial, 01/01/2016 and
and infrastructure 31/06/2017.
projects scheduled to commence in th
Source: Cordell half ofdemand
Database., within
RealEstate.com.au, APMthe area.
Pricefinder.
0 House Unit Median House Price $0Median Unit Price
first 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
AVERAGE VENDOR DISCOUNT AVERAGE
well known for its sporting history,
OVERVIEW
OVERVIEW VENDOR
picturesque parksDISCOUNT
and foreshore, family-
0.0%
*IMAGE*
House Vacant land OVERVIEW
Average oriented
vendor lifestylereflects
discount
demographics
and diverse
the
and cultures.
average percentage difference
6.5cm HIGH Kogarah is located 14km south of the
Change from Listing to Sale Price
between
Sydneyfirst list This
pricewelcoming
and final sold
-1.9%
-1.9%
-1.9%
CBD. area is Half
-2.4%
-2.4%
-1.0% price. A Change
lower from Last
percentage differenceYear
well known for its sporting history,
10.6cm WIDE Year
-3.1%
(closer to zero) suggests buyers are
-3.6%
picturesque parks and foreshore, family-
*IMAGE* willing to purchase close to the first
-4.4%
-2.0% orientedHouse
lifestylesales
and diverse
-4.8%
-5.0%
-5.1%
asking price of a property.
demographics and cultures.
-5.6%
-3.0% 6.5cm HIGH MARKET House
KEY FACTS
Change
median
COMPARISON
from LastUNITYear
TABLE
Half
-4.0% 10.6cm WIDE
The market comparison graph provides
House rents
comparative trend for median price of
Year
House sales
house and land over the past 10 years.
Unit sales
MARKET CONDITIONS
-5.0% Suburbs profiled
House median
proximity
are chosen based on
to the main suburb analysed in
Unit median
the factsheet, which is Junee. The main
The Kogarah*
-6.0% property market witnessed a record-setting median house priceHouse rents
Overview
of $1,415,000
suburb is highlighted through a dotted
2Hand $663,000
2014 for2H
1H 2015* units in Q1
2015* 1H2017,
2016 resulting
2H 2016 in
1Hexceptional
2017* black lineUnit
graph.
rents
annual growth figures of 20.4% and 9.6% respectively. In comparison, houses
Unit sales
MARKET CONDITIONS
in the Georges River Council area grew by 15.2% to $1,425,000 and units by
HOUSE MARKET COMPARISON**
14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their
The
house Kogarah* property
price point market
closely witnessed
mirrors that of a record-setting
the greater LGA median
areahouse
however pricewith
Unit median
FUTURE DEVELOPMENTS**
Kogarah* is set to see approx.
ofthe
$1,415,000
potential and $663,000
of stronger for units
capital in Q1 Combined
growth. 2017, resulting withinrecord-setting
exceptional median $139.9M** of new projects commencing
$600,000 Unit rents
annual
prices growth
and figuresgrowth
positive of 20.4% and 9.6%
trend, Kogarah* respectively.
is a sought In comparison,
after market houses
by buyers. in the area. Mixed use development
House Median Price
in the Georges
$500,000 River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated
14.1%
Average to $738,000.
days to sell Kogarah* presents
in Kogarah* havea unique
improved opportunity,
over thewhereby months, FUTURE
past 12their DEVELOPMENTS**
value at $102.5M** (73.3%), followed by
house price
decreasing point
$400,000 closely mirrors that of the greater LGA area
to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah* however with is set to see approx.
residential projects, which accounted for
the potential
emerged forofhouse
stronger capitaldiscounting,
vendor growth. Combined pivoting with
to record-setting
7.2% above the median
listing $139.9M** of new projects commencing
$300,000 approx. $20.0M** (14.3%), commercial
prices
price andand positive
indicating growth trend,market.
a sellers’ Kogarah* is a sought
Units after market
are following by buyers.
a similar trend, in the area. Mixed use development
projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah*
$200,000 accounted (9.6%), for the and majority of estimated
lastly infrastructure
Average
propertydays to sell in been
Kogarah* havesignificantly
improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
market has skewed towards a sellers market. $3.9M** followed (2.8%). by
decreasing aretoincreasingly
Buyers $100,000 49 for houses and 42
willing toforpay units
more in Q1 2017. Athe
to secure strong trend
ideal has
properties, residential projects, which accounted for
emerged
showingfor thehouse
high vendor ofdiscounting, pivoting to 7.2%present
above the listing
the market.approx.Currently $20.0M**the (14.3%), commercial
price and indicating $0 level demand and competition
a sellers’ market. Units are following a similar trend,
within largest development
projects which contributed $13.5M**
2008 2009 2010
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* 2011 2012 2013 2014 underway 2015 is the Kogarah
2016 RSL
2017 Club
Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure
property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The
witnessed a slight increase in median rent to Junee $635 and unitsOld Junee slightlycontributing
softening Marrarconstruction $3.9M** Illabo (2.8%).
AREA
Buyers XXXXXX
are increasingly willing to pay more AREA
to secureXXXXXX
to $480 over the past 12 months. Astute investors however are still benefiting
the ideal properties, of two 11 storey buildings
will add a total of 220 apartments to the
LAND MARKET COMPARISON**
showing the high level of demand and competition present within the market.
from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently
underway
the largest development
Kogarah* unit market as well as
is the Kogarah RSL Club
and 3.8% for units.
Median rents have remained relatively stable, whereby houses have construction of additional retail facilities
mixed development ($83.0M**). The
such as an RSL club buildings
development.
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
$300,000
to $480 over the past 12 months. Astute investors however are still benefiting
construction of two
will add a total of 220 apartments to the
11 storey
Unit Median Price
from low400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* Theunit main market residential
as well as projects for 1 st half
and 3.8% for units. construction 2017 of include
additional the Forest Road residential
retail facilities
$200,000
Sales of Sales
development ($6.8M**), which will add 6
Median Price
300 such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH $1,000,000 townhouses and 1 dwelling; as well as
The main theresidential
Bembridge Streetfor
projects apartments
1st half
200$100,000
400 $1,500,000
($5.8M**) which Road will add 23 apartments
Number ofNumber
2017 include the Forest residential
$500,000 development to theHeadingmarket. The
($6.8M**), whichfocus willonaddmixed
6 use
Median Price
100
300
and residential projects reflects the high
$0 $1,000,000 townhouses and 1 dwelling; as well as
2008 2009 2010 2011 2012 2013 the 2014 interest
Bembridge 2015 and
Street demand
apartments
2016 within 2017 the area.
2000 $0 ($5.8M**) which will add figures 23 apartments
Q4 Q1 Q2 Q3 Q4
Junee Q1$500,000
Old Junee toMarrar
*Kogarah
theHeading
market.
Development
conditions for The Illabo
focus
the following
encapsulate
on Kogarah,
suburbs:
aggregate development market
mixedRockdale,
use Carlton, Beverley Park
100 2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
and residential projects
**Total project value represents reflects theestimate
the aggregate highvalue of all residential,
*Disclaimer: Average Vendor Discounts for 1H 2015, 2H 2015 and 1H 2017 are indicative only due to limited data available.
interest incommercial, industrial, andsample
infrastructure projects scheduled to commence in th
firstand
half ofdemand within the area.
**The dashed line in graphs signifies a period of no sales transactions. Median prices are sporadic due to significant differences land sizes and limited size.
House
Source:0APM Unit
Pricefinder, realestate.com.au, RealMedian House
Estate Institute Price
of Australia. $0Median Unit Price
2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
OVERVIEWwell known for its sporting history,
AVERAGE DAYS ON MARKET* OVERVIEW
KEY picturesque
FACTS parks and foreshore, family-
HOUSE**
*IMAGE* OVERVIEW
oriented lifestyle and diverse
Median Sale Price: $237,500
demographics and cultures.
160
140
6.5cm HIGH Kogarah
Annual
Average
is located
Area
Sydney Days
Growth:14km
CBD.on
10.3%south of the
This welcoming
Change Market:
from Last94 area is
Year
Half
%well knownbetween
for its sporting history,
10.6cm WIDE Change First Listed Price Year
Average Days on Market
120 picturesque
and parks
Sold Price: -5.1%and foreshore, family-
*IMAGE* orientedHouse sales
lifestyle and diverse
100 KEY FACTS and
demographics VACANT
cultures.LAND**
80
6.5cm HIGH Median
Change
House median
Sale Price:
from Last$102,750
Year
Half
10.6cm WIDE KEY
AnnualFACTS UNIT* Year
142
Area Growth: 37.9%
House rents
60 Average Days on Market: 66
115
109
Median
House sales Price : $785,000
Sale
109
96
94
Annual Area
Unit Growth: 11%
92
sales
MARKET CONDITIONS
102
40
76
Average Days on Market:
66 36
66
House median
% Change between First Listed Price
20 Unit median
34
The Kogarah* property market witnessed a record-setting median house priceand Sold Price: -0.1%
House rents
of $1,415,000
0 and $663,000 for units in Q1 2017, resulting in exceptional
Unit rents
annual growth figures
2H 2014 1H of 20.4%2Hand
2015* 9.6%1H
2015 respectively.
2016 2H 2016In comparison,
1H 2017* houses
Unit sales
MARKET CONDITIONS
in the Georges River Council area grew by 15.2% to $1,425,000 and units by
House Vacant Land Overall Market Trend
14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS**
Unit median
The
houseKogarah* property
price point market
closely witnessed
mirrors that of a record-setting
the greater LGA medianareahouse however pricewith Kogarah* is set to see approx.
ofthe
$1,415,000
potential and $663,000
of stronger for units
capital in Q1 Combined
growth. 2017, resulting withinrecord-setting
exceptional median $139.9M** of new projects commencing
SALES AND MEDIAN PRICE*
annual
prices growth figuresgrowth
and positive of 20.4% and 9.6%
trend, Kogarah* respectively.
is a sought In comparison,
after market houses
by buyers.
Unit rents
in the area. Mixed use development
in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated
14.1%
Average to $738,000.
days to sell Kogarah*
in Kogarah*presents havea unique
improved opportunity,
over thewhereby
past 12their months, FUTURE DEVELOPMENTS**
value at $102.5M** (73.3%),
house 60
price point closely mirrors that of the greater LGA area however with $300,000followed by
decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah* is set to see
residential approx.
projects, which accounted for
the potential
emerged forofhouse
stronger capitaldiscounting,
vendor growth. Combined pivoting with
to record-setting
7.2% above the median
listing $139.9M** of new projects(14.3%),commencing
approx. $20.0M** commercial
prices
price and indicating a sellers’ market. Units are following a similarbuyers.
and positive growth trend, Kogarah* is a sought after market by trend, in the area. Mixed use development
projects which contributed $13.5M**
however50 slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted (9.6%), for the and majority of estimated
$250,000
lastly infrastructure
Average
propertydays to sell in been
Kogarah* havesignificantly
improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
market has skewed towards a sellers market. $3.9M** (2.8%). by
followed
decreasing
Buyers aretoincreasingly
49 for houses and 42
willing tofor
pay units
more in Q1 2017. Athe
to secure strong
ideal trend has
properties, residential projects, which accounted for
emerged
showingfor thehouse
high vendor
level ofdiscounting,
demand and pivoting to 7.2%present
competition above the within listing
the market.approx.Currently $20.0M**the (14.3%), commercial
40 indicating a sellers’ market. Units are following a similar trend,
price and largest development
$200,000
projects which 47 contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure
property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The
Median Price
Number of Sales
witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%).
construction of two 11 storey buildings
Buyers 30are increasingly willing to pay more to secure the ideal properties,
to $480 over the past 12 months. Astute investors however are still benefiting
showing the high 56 level of demand and competition present within the market. will add a total of 220$150,000 apartments to the
from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently the largest development
Kogarah*
51underway is the Kogarah RSL Club unit market as well as
and 3.8% for units. 47
Median rents have remained relatively stable, whereby houses have construction of additional retail facilities
44 mixed development ($83.0M**). The
20 such as an RSL club development.
$100,000
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still 37 benefiting
construction of two 11 storey buildings
will add a total of 220 apartments to the
from low
400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* Theunit mainmarketresidential
as well as projects for 1 st half
and 3.8% for units. construction 2017 of include
additional the Forest Road residential
retail$50,000
facilities
10
Sales of Sales
development ($6.8M**), which will add 6
Median Price
17 17
such as an RSL club development.
300
GEORGES RIVER COUNCIL GROWTH 13
9 $1,000,000
7
14
townhouses and 1 dwelling; as well as
The main theresidential
Bembridge Streetfor
projects apartments
1st half
200
400 $1,500,000
0 ($5.8M**) which Road will add$0 23 apartments
Number ofNumber
2017 include the Forest residential
2H 2014 1H 2015 2H 2015 1H$500,000
2016 2H 2016 to the ($6.8M**), 1H 2017
Heading
development market.
Heading The focus
which will on
addmixed 6 use
Median Price
100
300
and residential projects reflects the high
$1,000,000 townhouses and 1 dwelling; as well as
House Sales Vacant Land Sales Median House Price Medianinterest VacantandLand demand Pricewithin the area.
the Bembridge Street apartments
2000 $0 ($5.8M**) which will add
figures 23 apartments
Q4 Days on Q1Market for Q2
1H 2015 and Q3 Q4 onlyQ1 due$500,000 to the
*Kogarah
market.
Development
conditions for The focus
encapsulate
on
aggregate development market
mixedRockdale,
use Carlton, Beverley Park
Heading
*Disclaimer: Average 1H 2017 are indicative to limited data available. the following suburbs: Kogarah,
100
**Junee 2015
market data and 2016
key indicators 2016
encapsulates2016
aggregate
Source: APM Pricefinder, Realestate.com.au, SQM Research.
2016
property market 2017
conditions in the suburb of Junee only. Bexley,
and residential
Monterey, Kogarah
projects
**Total project value
Bay.
representsreflects theestimate
the aggregate highvalue of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in th
interest firstand
half ofdemand within the area.
0 House Unit Median House Price $0Median Unit Price
2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
well known for its sporting history,
RENTAL MARKET ANALYSIS* OVERVIEW
picturesque parks and foreshore, family-
HOUSE *IMAGE* OVERVIEW
KEY FACTS HOUSE**
oriented lifestyle and diverse
demographics and cultures.
6.5cm HIGH Kogarah is located
Median Rent:
Sydney CBD.
Rental Yield:
Change
$26014km
This
5.7%
p/w south of the
welcoming
from Last
area is
Year
Half
well known for its sporting history,
10.6cm WIDE
1-2 Bedroom Bedroom Breakdown:
picturesque
1-2 Bed: 28%, parks and 49%,
3 Bed: foreshore, family-
4+ Bed:
Year
*IMAGE* 3 Bedroom 24% House
oriented sales
lifestyle and diverse
demographics and cultures.
4+ Bedroom
6.5cm HIGH House median
Change from Last Year
Half
10.6cm WIDE House rents
Year
KEY FACTS House sales
Unit sales
MARKET CONDITIONS
Median rent for houses have remained relatively stable over the last 12
months to 1H 2016, currently at $260 per week. Vacancy rates in the House median
Junee postcode 2663 have seen a decrease from the previous year, to Unit median
The Kogarah*
8.4% property
as of June 2016.market witnessed
This suggest a record-setting
an increase median house priceHouse rents
in rental demand.
Overview
of $1,415,000
Additionally, and
yields$663,000
in Junee for unitsstrong
remain in Q1at2017,
5.7%,resulting
which sit in exceptional
well above Unit rents
annual growth figures of 20.4% and 9.6% respectively. In comparison,
Sydney’s gross rental yield of 3.5% for houses. A decline in vacancies houses
Unit sales
MARKET
in the
andGeorges CONDITIONS
River
strong yields Council
is great area
news for grew byand
current 15.2% to $1,425,000
prospective and units by
investors.
14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS**
Unit median
The
house Kogarah* property
price point market
closely witnessed
mirrors that of a record-setting
the greater LGA median
areahouse
however pricewith Kogarah* is set to see approx.
ofthe MEDIAN RENT AND AVERAGE DAYS ON MARKET*
$1,415,000
potential and $663,000
of stronger for units
capital in Q1 Combined
growth. 2017, resulting withinrecord-setting
exceptional median
Unit rents $139.9M** of new projects commencing
annual
prices growth figuresgrowth
and positive of 20.4% and 9.6%
trend, Kogarah* respectively.
is a soughtIn comparison,
after market houses
by buyers. in the area. Mixed use development
in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority
120 270 of estimated
14.1%
Average to $738,000.
days to sell Kogarah* presents
in Kogarah* havea unique
improved opportunity,
over thewhereby
past 12theirmonths, FUTURE DEVELOPMENTS**
value at $102.5M** (73.3%), followed by
house price point
decreasing to 49closely mirrorsand
for houses that42 of for
theunits
greater LGA2017.
in Q1 area however
A strongwith trend has Kogarah* is set to see approx.
residential projects, which accounted for
the potential of stronger capital growth. Combined
emerged for house vendor discounting, pivoting to 7.2% above the with record-setting median
listing $139.9M** of new projects commencing
approx. $20.0M** (14.3%), commercial
Median Rent ($) / Average Days on Market
prices
price100and
and positive
indicating growth trend,market.
a sellers’ Kogarah* is a sought
Units after market
are following a similarby buyers.
trend, in the area. Mixed use development
projects which contributed 265 $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted (9.6%), for the andmajority of estimated
lastly infrastructure
Average
propertydays to sell in been
Kogarah* havesignificantly
improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
market has skewed towards a sellers market. $3.9M** followed (2.8%). by
decreasing
Buyers aretoincreasingly
49 for houses and 42
willing tofor
pay units
more in Q1 2017. Athe
to secure strong
idealtrend has
properties, residential projects, which accounted for
emerged for house vendor discounting, pivoting to 7.2% above the listing
80 the high level of demand and competition present within the market.approx.Currently $20.0M**the (14.3%), commercial
Number of Rentals
showing largest 260
development
price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure
property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The
witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%).
construction of two 11 storey buildings
Buyers60are increasingly willing to pay more to secure the ideal properties, 255
to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the
showing the high level of demand and competition present within the market. Currently the largest development
from low vacancy rates of 1.2% and healthy rental yields of 2.5% 108for houses Kogarah* unit market as well as
and 3.8% for units. 101 underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have construction of additional retail facilities
mixed development ($83.0M**). The
such as an RSL club buildings
development.
GEORGES RIVER COUNCIL GROWTH
witnessed40 a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
73
construction of two 11
81storey
will add a total of 220 apartments to the
250
from low 65 The main residential projects for 1 st half
400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* unit market as well as
and 3.8% for units. construction 2017 of include
additional the Forest Road residential
retail facilities
Sales of Sales
development ($6.8M**), which will add 6
Median Price
20
300 42 such as an RSL club development. 245
GEORGES RIVER COUNCIL GROWTH $1,000,000 townhouses and 1 dwelling; as well as
The main theresidential
Bembridge Streetfor
projects apartments
1st half
200
400 $1,500,000
($5.8M**) which Road will add 23 apartments
Number ofNumber
2017 include the Forest residential
0 $500,000 development to theHeadingmarket. The
($6.8M**), focus
which 240
will on
addmixed 6 use
Median Price
100
300 2H 2014 1H 2015 2H 2015 1H
$1,000,000 2016 2H 2016
townhouses Heading
and residential
and 1H
1 2017
dwelling;projectsas reflects
well as the high
the Bembridge interest Street and demand apartments within the area.
2000 House $0 Median House Rent
($5.8M**) which will addfigures 23 apartments
Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the
*Kogarah
market.
Development
conditions for The focus
encapsulate
on
aggregate development market
mixedRockdale,
use Carlton, Beverley Park
Heading
the following suburbs: Kogarah,
100
*Disclaimer: 2015
Rental market 2016
analysis and 2016
key market 2016
indicators
**Key Facts figures refers to 1H 2016 rental transactions.
2016
encapsulates 2017
aggregate property market conditions in the suburb of
and residential
Junee
Bexley, only.
Monterey, Kogarah
projects
**Total project value
Bay.
represents reflects theestimate
the aggregate highvalue of all residential,
Source: APM Pricefinder, Realestate.com.au, SQM Research. commercial, industrial, and infrastructure projects scheduled to commence in th
interest firstand
half ofdemand within the area.
0 House Unit Median House Price $0Median Unit Price
2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
HOUSE SALES BY PRICE MAP Q2 2017* well known for its sporting history,
OVERVIEW
picturesque parks and foreshore, family-
*IMAGE* OVERVIEW
oriented lifestyle and diverse
demographics and cultures.
6.5cm HIGH Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
Change from Last Year
Half
well known for its sporting history,
$1.6 M
10.6cm WIDE picturesque parks and foreshore, family-
Year
*IMAGE* orientedHouse sales
lifestyle and diverse
demographics and cultures.
$40.0 M 6.5cm HIGH House median
Change from Last Year
Half
10.6cm WIDE House rents
Year
House sales
Unit sales
MARKET CONDITIONS House median
Unit median
The Kogarah* property market witnessed a record-setting median house priceHouse rents
of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional
Unit rents
annual growth figures of 20.4% and 9.6% respectively. In comparison, houses
Unit sales
MARKET CONDITIONS
in the Georges River Council area grew by 15.2% to $1,425,000 and units by
14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS**
Unit median
The
house Kogarah* property
price point market
closely witnessed
mirrors that of a record-setting
the greater LGA medianareahouse
however pricewith Kogarah* is set to see approx.
ofthe
$1,415,000
potential and $663,000
of stronger for units
capital in Q1 Combined
growth. 2017, resulting withinrecord-setting
exceptional median $139.9M** of new projects commencing
Unit rents
annual
prices growth
and positivefiguresgrowth
of 20.4% and 9.6%
trend, Kogarah*respectively.
is a soughtIn comparison,
after market houses
by buyers. in the area. Mixed use development
in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated
14.1%
Average to $738,000.
days to sell Kogarah* presents
in Kogarah* havea unique
improved opportunity,
over thewhereby
past 12their months, FUTURE DEVELOPMENTS**
value at $102.5M** (73.3%), followed by
house price point closely mirrors that of the greater LGA area
decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah* however with is set to see approx.
residential projects, which accounted for
the potential
emerged forofhouse
stronger capitaldiscounting,
vendor growth. Combined pivoting with
to record-setting
7.2% above the median
listing $139.9M** of new projects commencing
approx. $20.0M** (14.3%), commercial
prices
price and and positive
indicating growth trend,market.
a sellers’ Kogarah* is a sought
Units after market
are following by buyers.
a similar trend, in the area. Mixed use development
projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted (9.6%), for the and majority of estimated
lastly infrastructure
Average
propertydays to sell in been
Kogarah* havesignificantly
improved over the past 12 months, value atcontributing
$102.5M** (73.3%),
market has skewed towards a sellers market. $3.9M** followed (2.8%). by
decreasing
Buyers aretoincreasingly
49 for houses and 42
willing tofor
pay units
morein Q1 2017. Athe
to secure strong
ideal trend has
properties, residential projects, which accounted for
emerged
showingfor thehouse
high vendor
level ofdiscounting,
demand and pivoting to 7.2%present
competition above the listing
within the market.approx.Currently $20.0M**the (14.3%), commercial
price and indicating a sellers’ market. Units are following a similar trend, largest development
projects which contributed $13.5M**
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure
property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The
witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%).
construction of two 11 storey buildings
Buyers are increasingly willing to pay more to secure the ideal properties,
to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the
showing the high level of demand and competition present within the market.
from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently the largest development
Kogarah* unit market as well as
and 3.8% for units. underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have construction of additional retail facilities
mixed development ($83.0M**). The
such as an RSL club buildings
development.
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
construction of two 11 storey
will add a total of 220 apartments to the
from low 400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* Theunit mainmarket residential
as well as projects for 1 st half
and 3.8% for units. construction 2017 of include
additional the Forest Road residential
retail facilities
Sales of Sales
development ($6.8M**), which will add 6
Median Price
300 such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH $1,000,000 townhouses and 1 dwelling; as well as
The main theresidential
Bembridge Streetfor
projects apartments
1st half
200
400 $1,500,000
($5.8M**) which Road will add 23 apartments
Number ofNumber
2017 include the Forest residential
$500,000 development to theHeadingmarket. The
($6.8M**), whichfocus willonaddmixed
6 use
Median Price
100
300
and residential projects reflects the high
$1,000,000 townhouses and 1 dwelling; as well as
the Bembridge interest Street and demand apartments within the area.
2000 $0 ($5.8M**) which will add figures 23 apartments
Q4 Q1 Q2 Q3 Q4 Q1 $500,000 to time
*Kogarah
theperiod
market.
Development
for The focus
encapsulate
on mixed
aggregate development market
use Carlton, Beverley Park
Heading
*Disclaimer: Map captures house sales with complete addresses that were accurate for geo-coding purposes only, within the conditions
specifiedthein
following
the titlesuburbs:
of the Kogarah,
Map Rockdale,
(sales
up 100 2015
to and inclusive 2016 to 30/06/2017).
between 01/04/2017 2016 2016 2016 2017 Bexley,
and residential
Monterey, Kogarah
projects
**Total project value represents
Bay.
reflects theestimate
the aggregate highvalue of all residential,
Source: APM Pricefinder, GoogleMaps, BatchGEO.
commercial, industrial, and infrastructure projects scheduled to commence in th
interest firstand
half ofdemand within the area.
0 House Unit Median House Price $0Median Unit Price
2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.OVERVIEW
OVERVIEW
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
well known for its sporting history,
ABOUT PRDnationwide RESEARCH OVERVIEW
picturesque parks and foreshore, family-
OVERVIEW
*IMAGE*
PRDnationwide’s research division provides reliable, unbiased, and
OVERVIEW
oriented lifestyle and diverse
demographics and cultures.
6.5cm HIGH
authoritative property research and consultancy to clients in metro
and regional locations across Australia
Kogarah is located 14km south of the
Sydney CBD. This welcoming area is
Change from Last Year
Half
well known for its sporting history,
10.6cm
Our extensive research capability WIDE
and specialised approach ensures our picturesque parks and foreshore, family-
Year
*IMAGE*
clients can make the most informed and financially
about residential and commercial properties.
sounds decisions orientedHouse sales
lifestyle and diverse
demographics and cultures.
6.5cm HIGH House median
Half
OUR KNOWLEDGE Change from Last Year
10.6cm WIDE
Access to accurate and objective research is the foundation of all
House rents
Year
House sales
good property decisions
Unit sales
MARKET CONDITIONS
As the first and only truly knowledge based property services company,
PRDnationwide shares experience and knowledge to deliver innovative
House median
Unit median
The
and Kogarah*
effective property
solutions market
to our witnessed a record-setting median house priceHouse rents
clients.
of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional
Unit rents
We annual
have agrowth
uniquefigures
approach of 20.4% and 9.6%
that integrates respectively.
people, experience, In comparison,
systems houses
OUR
Unit sales SERVICES INCLUDE:
MARKET CONDITIONS
andin technology
the Georges
14.1% to $738,000.
understanding
to River
createCouncil
new issues
meaningful
Kogarah*
impacting
areabusiness
presents
grew byconnections
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median and consultancy INCLUDE:
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and consultancy new projects profiling commencing
rents
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accounted for the andmajority of estimated
months, FUTURE DEVELOPMENTS**
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focus
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signifies that fromthemultiple
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projects, which accounted for
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information product
mapping
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showing for
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high vendor ofdiscounting, pivoting to 7.2%present above the listing
the market.approx. $20.0M** (14.3%), commercial
added advantage of level
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valuableand andcompetition
factual qualitative market within and Currently
pricing the largest
recommendations development
price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M**
research in order to ensure our solutions are the most well considered • Project underway
Analysisisincluding the Kogarah product RSL Club
however slightly lower, sitting at 0.8%. This signifies that the Kogarah* (9.6%),
• and Rental andand lastly infrastructure
investment return
andMedian rentsviable.
financially have remained relatively stable, whereby houses have pricing
mixed recommendations
development ($83.0M**). The
property market has been skewed significantly towards a sellers market.
witnessed a slight increase in median rent to $635 and units softening slightlycontributing analysis $3.9M** (2.8%).
construction of two 11 storey buildings
Buyers are increasingly willing to pay more to secure the ideal properties, • Rental and investment return
Ourto experts
$480 over are thehighly
pastsought after consultants
12 months. for bothhowever
Astute investors corporateare andstill benefiting will add a total of 220 apartments to the
showing thebodies high level of demand and competition present within the market.
AREA
government XXXXXX and their advice has AREA
helped XXXXXX
from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently
steer the direction of a analysis
Rob the largest
Barrett,
Kogarah* Principal development
unit market as well as
number
and 3.8% of property
for units.developments and secured successful outcomes for underway is the Kogarah RSL Club
Median rents have remained relatively stable, whereby houses have mixed
construction($83.0M**).
development
of additional The
retail facilities
our clients. Rob PRDnationwide
Barrett, Principal Junee
such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
construction
83 Lorne Stof two
PRDnationwide
will
Junee
Junee NSW 2663 apartments to the
add a total of 220
11 storey buildings
OUR
from low SERVICES
400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses 83 Lorne
Kogarah* The Streetmain residential projects for 1 st half
Australiaunit market as well as
and 3.8% for units. Junee
construction 20172663
NSW include
of additional the Forest Road residential
retail facilities
Our research services span over every suburb, LGA, and state within
Sales of Sales
Australia development ($6.8M**), which will add 6
Median Price
300 captured in a variety of standard and customized products such
T +61 as an 02 RSL6924club 1371 development.
GEORGES RIVER COUNCIL GROWTH
Australia;
$1,000,000 T M +61 +61 townhouses
02718 6924 693 1371996 and 1 dwelling; as well as
We have MTheE+61 the Bembridge
418residential
main Street
693 996 projects for 1 half
rbarrett@prdjunee.com.au apartments
st
200the ability and systems to monitor market movements,
400 $1,500,000
($5.8M**) which Road will add 23 apartments
Number ofNumber
demographic changes and property trends. We use our knowledge of E2017
rbarrett@prdjunee.com.au
include the Forest residential
$500,000 to the market. The focus on
addmixed use
development Heading
($6.8M**), which will 6
Median Price
market sizes, price structure and buyer profiles to identify opportunities
100
300 www.prd.com.au/junee
for clients and provide market knowledge that is unbiased, thorough and
$1,000,000 and
www.prd.com.au/junee
townhouses residential
and 1 dwelling;projectsas reflects
well as the high
reliable.
2000 $0
Heading
the Bembridge Heading
interest and
Street demand
apartments within the area.
($5.8M**) which will addfigures 23 apartments
Q4give any Q1 Q2 to theQ3 Q4 Q1$500,000 to the
*Kogarah
market.
Development
The thefocus
encapsulate
on mixed
aggregate development market
use
PRDnationwide does not warranty in relation accuracy of the information contained in this report. If you intend
Heading
to rely forupon information contained
conditions the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park
100
herein, you must 2015 2016 2016 2016 2016 2017
take note that the Information, figures and projections have been provided by various sources and
way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable
have not
for
been
Bexley,
and residential
any
verified
Monterey,
loss or
by us.
Kogarah
projects
damage
**Total project value
We have
Bay.
reflects
resulting
represents
no
from
belief
the
the aggregateany
one
highvalue of all residential,
estimate
statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research
commercial, industrial, and©infrastructure
All medians and scheduled to commence in th
projects
volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. interest © andhalf ofdemand
2016 within the area.
0 House Unit Median House Price $0Median Unit Price
first 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market
conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
2015 2016 2016 2016 2016 2017 Bexley, Monterey, Kogarah Bay.
**Total project value represents the aggregate estimate value of all residential,
commercial, industrial, and infrastructure projects scheduled to commence in the
House Unit Median House Price Median Unit Price first half of 2017.
Source: Cordell Database., RealEstate.com.au, APM Pricefinder.You can also read
