Coolum Beach
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Nundah 2nd Half 2017 final.pdf 1 27/07/2017 2:20 PM OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year 10.6cm WIDE picturesque parks and foreshore, family- *IMAGE* orientedHouse lifestyle sales and diverse demographics and cultures. House median 6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE House rents House sales Unit sales MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house price House 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 MARKETin the Georges River CONDITIONS Council area grew by 15.2% to $1,425,000 and units by C 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessedthat ofa record the greater-setting LGA median area house however price with M Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000capital for units growth. in Q1 Combined2017, resulting with inrecord exceptional-setting median $139.9M** of new projects commencing Y Unit rents annualprices growthand positive figures growth of 20.4%trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market housesby buyers. in the area. Mixed use development CM 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% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** MY Average days to sell in Kogarah* have improved over the past 12 months, value at $102.5M** (73.3%), followed by housedecreasing price point to 49 closely for houses mirrors andthat 42 of for the units greater in Q1 LGA 2017. area however A strong withtrend has Kogarah* is set to see approx. CY residential projects, which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial CMY prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** K however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructure of estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure 2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the (14.3%), largest commercial 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%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings 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% for houses 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 mixed developmentconstruction ($83.0M**).of additional The retail facilities witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors howeverGROWTH are still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**), which will add 6 300 such as an RSL club development. GEORGES RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high Number of Sales $1,000,000 the BembridgeinterestStreet and demand apartments within the area. 200 0 $0 ($5.8M**) which will add 23 apartments Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market Coolum Beach $500,000 to the market.conditions for The the following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales commercial, industrial, and infrastructure projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. Property Factsheet *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, 2nd Half 2017 commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW Located only 10 minutes from Sunshine Coast airport, Coolum Beach is a popular holiday destination. In the 2016 Australian census, the population of Coolum was *IMAGE* 8,497. Over the last five year Coolum Beach has seen heavy development, with 6.5cm HIGH new buildings for retail business and holiday apartments. 10.6cm WIDE Half Change from Last Year Year House Sales House Median Price MARKET CONDITIONS House Median Rent Median prices in Coolum Beach for Q3 2017 were recorded at $620,000 Unit Sales for houses and $385,000 for units, representing annual growth of 7.4% and 7.8% respectively. Over the same period of time, the Sunshine Coast Unit Median Price Overviewregion recorded median house price of $570,000, with annual growth of 3.6%. Compared to the Sunshine Coast region, the Coolum Beach house Unit Median Rent market is a premium and sought-after market. Units in the Sunshine Coast has softened to a median price of $391,250. Thus Coolum Beach FUTURE DEVELOPMENTS** offers a more affordable alternative, with higher capital growth. Coolum Beach will see approx. $26.3M of nd Over the past twelve months to Q3 2017, average vendor discount has project developments in the 2 half of remained relatively stable at -4.3% for houses and widened to -6.1% for 2017. The majority (54.4%) is allocated to units. This indicates that there is room for unit buyers to negotiate on first industrial projects, followed by mixed use list asking price in order to secure their dream property. Average days to (38.0%), and commercial projects (7.6%). sell for units has increased to 109 days, further confirming a buyer’s A key industrial project is the Venture market. Average days on market for houses has reduced 62 days, which Close Warehouse Units project ($2.5M) combined with stable vendor discounting confirms increasing demand. which includes the construction of nine In Q3 2017, average days to rent properties in the Coolum Beach market warehouse units over two-storey. The is very low for both house and units, at 18 and 17 days respectively. This project is expected to commence in indicates strong rental demand in the area. Further, the rental market in November 2017. Coolum Beach is buoyed by low vacancy rates, currently sitting at 1.7%, A major mixed used project is the Lysaght which is lower than that of Brisbane’s 3.2%. At the same time, astute Street Mixed Use Development project investors are benefiting from rental yields of 4.0% for house and 5.2% for ($5.0M) which includes proposed rezoning unit. Combined, these factors position Coolum Beach as a strong rental to allow for future industrial, commercial market, which is attractive for existing and new investors.