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Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD [email protected]

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Page 1: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

Comparative Market Analysis

5 Mona Street Allawah NSW 2218

Prepared on 24th April 2019

SYDNEY GROWTH PROPERTIES PTY LTD

[email protected]

Page 2: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

The Property

5 Mona Street Allawah NSW 2218

14 670m2 -1

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

Your Property History14 Apr, 2015 - Listed for rent at P.O.A.

5 Jul, 2012 - Listed for rent at $560 / week

22 May, 2010 - Listed for rent at $550 / week

28 Aug, 1987 - Sold for $143,000

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

Page 3: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

Comparables Map: Sales

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

Page 4: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

Comparable Sales

Price Change -

Last Listing -First Listing -

77 Bellevue Parade Allawah NSW 2218

481m2 -3 1 -

Sold Price  $1,080,000

 

Sold Date 27-Oct-18 Year Built -

Distance 0.37kmDOM 26

1

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

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

Page 5: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

AllawahDemographic

Suburb Insights

5.7 kPopulation

6%5 years population

change

15.6 yearsAverage length of

ownership

HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE

TYPE % TYPE % TYPE % TYPE %

Childless Couples 36.6 Owns Outright 26.1 0-15.6K 4.6 0-9 11.1

Couples with Children 43.9 Purchaser 25.3 15.6-33.8K 11.6 10-19 8.8

Single Parents 15.7 Renting 46.0 33.8-52K 12.6 20-29 21.2

Other 3.3 Other 0.4 52-78K 16.8 30-39 18.5

Not Stated 2.6 78-130K 27.2 40-49 11.8

130-182K 11.4 50-59 12.1

182K+ 6.9 60-69 9.1

70-79 4.8

80-89 2.2

0.490-99

The size of Allawah is approximately 0.6 square kilometres. It has 3 parks covering nearly 1.1% of total area.The population of Allawah in 2011 was 5,365 people. By 2016 the population was 5,692 showing a populationgrowth of 6.1% in the area during that time. The predominant age group in Allawah is 20-29 years.Households in Allawah are primarily couples with children and are likely to be repaying $1800 - $2399 permonth on mortgage repayments. In general, people in Allawah work in a professional occupation. In 2011, 58%of the homes in Allawah were owner-occupied compared with 51.4% in 2016. Currently the median sales priceof houses in the area is $1,251,100.

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

Page 6: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

Local Schools

SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS

St Raphael's Catholic PrimarySchool80 George Street SouthHurstville NSW 2221

0.61km Primary Mixed Non-Government 0-6

Hurstville Adventist School

24-28 Wright Street HurstvilleNSW 2220

0.71km Primary Mixed Non-Government 0-6

Hurstville Public School

80 Forest Road HurstvilleNSW 2220

0.72km Primary Mixed Government 0-6

Georges River CollegeHurstville Boys CampusKenwyn Street Hurstville NSW2220

0.9km Secondary Male Government 7-10

Sydney Technical High School

684 Forest Road Bexley NSW2207

0.93km Secondary Male Government 7-12

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

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

Page 7: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

Recent Market Trends

Sales by Price - 12 months (House)

PRICE

<200K

200K-400K

400K-600K

600K-800K

$800K-$1M

$1M-$2M

>2M

NUMBER

0

0

0

0

1

11

0

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

Jan 2019 - $1,251,100 0.0% - 3 $597

Dec 2018 3 $1,251,100 -3.9% - 3 $610

Nov 2018 2 $1,302,200 4.2% - 3 $610

Oct 2018 2 $1,250,000 -7.1% - 4 $620

Sep 2018 2 $1,346,100 -3.2% - 6 $630

Aug 2018 1 $1,390,000 6.7% - 5 $650

Jul 2018 2 $1,302,200 -3.3% - 3 $640

Jun 2018 3 $1,346,100 -3.2% - 4 $620

May 2018 4 $1,390,000 0.0% - 4 $620

Apr 2018 2 $1,390,000 1.1% - 7 $620

Mar 2018 2 $1,375,500 -8.4% - 9 $625

Feb 2018 - $1,501,000 0.0% - 7 $625

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

Page 8: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

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

23

18

24

22

17

18

11

21

25

25

13

24

13

11

15

24

23

20

20

25

MEDIAN PRICE

$1,251,100

$1,501,000

$1,200,000

$1,290,000

$918,000

$827,500

$753,700

$772,000

$740,000

$675,000

$630,000

$579,000

$570,000

$600,000

$590,000

$620,000

$500,000

$416,000

$371,000

$345,000

GROWTH

-16.6%

25.1%

-7.0%

40.5%

10.9%

9.8%

-2.4%

4.3%

9.6%

7.1%

8.8%

1.6%

-5.0%

1.7%

-4.8%

24.0%

20.2%

12.1%

7.5%

1.5%

DAYS ON MARKET

-

-

40

34

-

-

-

59

32

27

-

78

-

-

-

-

-

-

-

-

LISTINGS

16

24

18

21

13

13

12

22

19

19

10

11

11

3

9

6

2

1

1

1

ASKING RENT

$597

$625

$565

$560

$580

$505

$530

$480

-

-

-

-

-

-

-

-

-

-

-

-

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

Page 9: Comparative Market Analysis - Sydney Growth …...Comparative Market Analysis 5 Mona Street Allawah NSW 2218 Prepared on 24th April 2019 SYDNEY GROWTH PROPERTIES PTY LTD info@sydneygrowthproperties.com.au

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.

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.

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