Rental Price
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R E S E OVERVIEWOVERVIEW Sanctuary Point is located approx. 200km of Sydney. The area is home to predominately elderly couples and well established families seeking a relaxed lifestyle. The area offers picturesque views to St Georges Basin and Booderee National Park. Half Change from Last Year Year House Sales House Median Price House Rental Price MARKET CONDITIONS Unit Sales The Sanctuary Point* market recorded a median price of $400,000 for houses and $340,000 for units, representing a respective price change of Unit Median Price -4.3% and 9.7% between the past 12 months to Q4 2016. Dwelling prices in the area* sit slightly below the Shoalhaven City Council median of price of Unit Rental Price $469,000 for houses and $385,000 for units. This indicates that the Sanctuary Point* market provides a more affordable entry point for those FUTURE DEVELOPMENTS** seeking to purchase a dwelling in the area. The Sanctuary point area* is set to see an approx. $91.0 M of projects Average days on market for houses in Q4 2016 saw a slight decline from commence over the first half of 2017. the same period in the previous annum, now situated at 41 days. Average Residential accounted for the vast vendor discounts remained tight leading into Q4 2016, situated at -0.6% for majority of development over the period houses and -1.4% for units. This indicates a strong demand for both houses totaling $56.4 M (62.0%). Commercial and units in the Sanctuary Point area, in which buyers are willing to pay projects accounted for $30.6 M (33.7%), close to seller asking prices to secure their ideal property. followed by infrastructure $2.1 M (2.3%) and mixed use at approx. $1.8 M (2.0%). Median rents in the Sanctuary point area* have seen a relatively stable trend over the past 12 months to Q4 2016, with houses renting for $350 per The main project seen over the first half week. Units over the same period, saw a slight softening to $220 per week of 2017 is the Bayswood retirement living respectively. Over the annum the Sanctuary Point area saw a declining village, which has an estimated value of vacancy rate, situated at 1.1%.This reflects the substantial rental demand $54.8 M. This project is anticipated to level present throughout the wider Illawara region of New South Wales, and commence in February 2017 and will see the desirable nature of the Sanctuary Point* area. 166 units added to the market. SHOALHAVEN CITY COUNCIL GROWTH Other residential projects include the 1000 $500,000 Norwa Street Residential apartment building (8 units) and Island point Road 800 $400,000 units (3 units), both of which scheduled to 600 $300,000 commence in early 2017. Currambene St Shop Top Housing is a mixed use project, 400 $200,000 set to add 8 units into the market. 200 $100,000 Price Median *Sanctuary Point market data and key indicators encapsulates aggregate Number of Sales Number property market conditions in the following suburbs: Sanctuary Point, St 0 $0 Georges Basin,Heading Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Q3 Q4 Q1 Q2 Q3 Q4 Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex 2015 2015 2016 2016 2016 2016 Inlet. **Estimated values are based on construction value provided by the House Unit relevant data authority and does not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate only. Median House Price Median Unit Price Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW AVERAGE VENDOR DISCOUNT* AVERAGEAVERAGE VENDOR VENDOR DISCOUNT DISCOUNT House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the 5.0% averageaverage percentagepercentage differencedifference between 4.0% betweenfirst listed first listprice priceand andfinal final soldsold price. A price.lower A lowerpercentage percentagedifference differencesuggests 3.0% (closerbuyers to zero)are suggestswilling to buyerspurchase are close to 2.0% willingthe tofirst purchaseasking closeprice to theof firsta property. 3.7% asking price of a property. 1.0% 0.0% MARKET COMPARISON GRAPH The KEYmarket FACTS comparison UNIT graph provides -1.0% 1.4% - comparative trend for median price of 2.5% - 3.0% 3.1% 3.1% 0.6% 3.3% - - -2.0% - - house and units over the past 10 years. - 3.8% 1.2% 1.0% 4.0% - - - - -3.0% Suburbs profiled are chosen based on proximity to the main suburb analysed in -4.0% the factsheet. The main suburb is highlighted through a dotted black line Change from Listingto Price SalefromChange -5.0% Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 graph, which is Sanctuary Point. HOUSE MARKET COMPARISON $800,000 $700,000 $600,000 $500,000 $400,000 House Median Price MedianHouse $300,000 $200,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Sanctuary Point** St Georges Basin Huskisson Vincentia AREA XXXXXX UNIT MARKET COMPARISON $600,000 $500,000 $400,000 $300,000 Unit Median Price Unit Median $200,000 $100,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Sanctuary Point** St Georges Basin Huskisson Vincentia Disclaimer: *Sanctuary Point market data and key indicators encapsulates aggregate conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia. AVERAGE DAYS ON MARKET** OVERVIEW 80 HOUSE KEY FACTS Q4 2016 70 Median Sale Price: $400,000 60 Annual Area Growth*: -4.3% Average Days on Market: 41 50 % Change between First Listed Price and Sold Price: -0.6% 40 75 65 67 30 57 59 KEYUNITS FACTS KEY UNIT* FACTS Q4 2016 52 55 43 Median Sale Price : $785,000 Average Days MarketonDays Average 20 42 41 Annual Area Growth: 11% Median Sale Price: $340,000 27 Average Days on Market: 36 10 Annual Area Growth*: 9.7% % Change between First Listed Price Average Days on Market: N/A and Sold Price: -0.1% 0 % Change between First Listed Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Price and Sold Price: -1.4% House Unit Overall Market Trend SALES AND MEDIAN PRICE** 250 $500,000 $450,000 200 $400,000 $350,000 150 $300,000 $250,000 228 100 200 $200,000 Price Median Number of SalesNumber 180 183 169 $150,000 50 99 $100,000 $50,000 11 10 8 18 17 3 0 $0 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 House Sales Unit Sales Median House Price Median Unit Price *Annual growth represents price growth for property transactions between Q4 2015 to Q4 2016 (inclusive). **Sanctuary Point market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Shoalhaven City Council. RENTAL MARKET ANALYSIS OVERVIEW HOUSE UNIT HOUSE KEY FACTS Q4 2016 Median Rent: $350 p/w 2 Bedroom 1 Bedroom Rental Yield: 4.6% Average Days on Market: 34 3 Bedroom 2 Bedroom Bedroom Breakdown: 1-2 Bed: 18%, 3 Bed: 54%, 4+ Bed: 4+ Bedroom 3+ Bedroom 29% UNITS KEY FACTS Q4 2016 KEY COMMENTS Interest in the Sanctuary Point* area is recorded at an average of 317 online visits per property. Median rent for houses remained stable over Median Rent: $220 p/w the past 12 months to Q4 2016, whilst it saw a slight softening for units. Rental Yield: 3.4% Vacancy rates are currently at 1.1%, lower than that of Sydney at 1.9%. Average Days on Market: 28 This indicates strong levels of rental demand. Rental yields within Bedroom Breakdown: Sanctuary Point are currently situated at 4.6% for houses and 3.4% for 1 Bed: 19%, 2 Bed: 38%, 3+ Bed: units, providing a conducive environment for solid investments. 44% MEDIAN RENT AND AVERAGE DAYS ON MARKET* 140 400 120 350 300 100 250 80 200 60 118 105 106 150 94 88 Number of RentalsNumber 40 73 100 20 50 Days Market /onRent Average ($) Median 22 17 17 11 12 10 0 0 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 House Unit HouseHeading Average Days Unit Average Days Median House Rent Median Unit Rent *Disclaimer: Sanctuary Point market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Sanctuary Point, St Georges Basin, Old Erowal Bay, Worrowing Heights, Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. Source: APM Pricefinder, realestate.com.au, SQM Research, Rental Tenancy Authority of NSW. st PROJECT DEVELOPMENT MAP 1 HALFOVERVIEW 2017* 2.3% 33.7% 62.0% 2.0% Residential Mixed Use Commercial Infrastructure Estimated Location Project** Type Commence Date^ Value*** 1 Vincentia Village Town Centre Commercial $30,000,000 12/06/2017 2 Huskisson Beach Motel Commercial $390,000 06/02/2017 3 Superior Cabinetes Scallop St Commercial $250,000 16/01/2017 4 Naval College Road Infrastructure $2,133,000 16/01/2017 5 Currambene St Shop Top Housing (8 Units) Mixed Use $1,800,000 16/01/2017 6 Bayswood Retirement Living Village (166 Units) Residential $54,804,000 01/02/2017 Nowra St Residential Apartment Building 7 Residential $1,095,000 01/02/2017 (8 Units) 8 Island Point Road Units (3 Units) Residential $500,000 06/02/2017 *Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.