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Comparative Market Analysis - Sydney Growth Properties · SYDNEY GROWTH PROPERTIES SELECTED...
Transcript of Comparative Market Analysis - Sydney Growth Properties · SYDNEY GROWTH PROPERTIES SELECTED...
Comparative Market Analysis
15 Corona Road Fairfield West NSW 2165
Prepared on 22nd May 2019
SYDNEY GROWTH PROPERTIES PTY LTD
The Property
15 Corona Road Fairfield West NSW 2165
13 556m2 -1
SYDNEY GROWTH PROPERTIESSELECTED PROPERTIES FOR INVESTORS - DEVELOPERS & 1ST HOMEBUYERS
Your Property History8 May, 2019 - Listed for sale at Not Disclosed
22 Oct, 2018 - Sold for $0
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Comparables Map: Sales
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Comparable Sales
Price Change -7.4%
Last Listing $750,000First Listing $830,000
3 Roylston Street Fairfield West NSW2165
556m2 90m25 2 1
Sold PriceRS $768,800
Sold Date 05-Mar-19 Year Built 1960
Distance 0.28kmDOM 113
1
Price Change -
Last Listing $660,000First Listing -
40 Hawkesbury Street Fairfield WestNSW 2165
556m2 100m23 2 2
Sold PriceRS $660,000
Sold Date 10-Apr-19 Year Built 1965
Distance 0.42kmDOM 63
2
Price Change -
Last Listing $650,000First Listing -
20 Hawkesbury Street Fairfield WestNSW 2165
556m2 111m24 2 1
Sold Price $688,000
Sold Date 09-Mar-19 Year Built 1960
Distance 0.48kmDOM 27
3
Price Change -
Last Listing -First Listing -
1 Gardiner Crescent Fairfield West NSW2165
645m2 128m23 1 1
Sold PriceRS $662,500
Sold Date 11-May-19 Year Built 1960
Distance 0.58kmDOM 27
4
Price Change -
Last Listing $849,950First Listing -
13 Gardiner Crescent Fairfield West NSW2165
948m2 136m23 1 2
Sold PriceRS $800,000
Sold Date 02-May-19 Year Built 1980
Distance 0.69kmDOM 39
5
= 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.
Comparable Sales
Price Change -6.7%
Last Listing $599,000First Listing $600,000
29 Atherton Street Fairfield West NSW2165
563m2 86m23 1 1
Sold Price $560,000
Sold Date 11-Mar-19 Year Built 1960
Distance 0.75kmDOM 48
6
Price Change -
Last Listing -First Listing -
5 Norfolk Avenue Fairfield West NSW2165
563m2 123m23 1 1
Sold PriceRS $562,000
Sold Date 13-Apr-19 Year Built 1950
Distance 0.88kmDOM 27
7
Price Change -
Last Listing -First Listing -
32 Rawson Road Fairfield West NSW2165
588m2 259m25 4 4
Sold PriceRS $750,000
Sold Date 18-May-19 Year Built 2009
Distance 0.91kmDOM 34
8
Price Change -
Last Listing -First Listing -
14 Cottrell Place Fairfield West NSW2165
560m2 315m25 2 2
Sold PriceRS - UN
Sold Date 15-May-19 Year Built 2000
Distance 0.93kmDOM 52
9
Price Change -17.3%
Last Listing $565,000First Listing $665,000
273 Smithfield Road Fairfield West NSW2165
556m2 110m24 1 1
Sold PriceRS $550,000
Sold Date 10-May-19 Year Built 1950
Distance 0.98kmDOM 94
10
= 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.
Comparable Sales
Price Change -
Last Listing -First Listing -
27 Brentwood Street Fairfield West NSW2165
556m2 117m23 1 2
Sold Price $702,000
Sold Date 13-Mar-19 Year Built 1960
Distance 1.02kmDOM 38
11
Price Change -15.6%
Last Listing $640,000First Listing $640,000
8 Bramley Street Fairfield West NSW2165
563m2 90m23 1 1
Sold Price $540,000
Sold Date 18-Mar-19 Year Built 1950
Distance 1.17kmDOM 36
12
Price Change -
Last Listing $730,000First Listing $730,000
32 Kalora Avenue Fairfield West NSW2165
575m2 127m23 2 2
Sold PriceRS - UN
Sold Date 13-May-19 Year Built 1960
Distance 1.24kmDOM 47
13
Price Change -
Last Listing -First Listing -
17 Tyrell Crescent Fairfield West NSW2165
582m2 123.41m23 1 3
Sold PriceRS $625,000
Sold Date 06-Apr-19 Year Built 1960
Distance 1.25kmDOM 25
14
= 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.
Fairfield WestDemographic
Suburb Insights
11.6 kPopulation
7%5 years population
change
11.2 yearsAverage length of
ownership
HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE
TYPE % TYPE % TYPE % TYPE %
Childless Couples 23.9 Owns Outright 35.9 0-15.6K 4.7 0-9 12.7
Couples with Children 51.6 Purchaser 31.7 15.6-33.8K 13.1 10-19 14.8
Single Parents 22.6 Renting 28.6 33.8-52K 17.8 20-29 14.2
Other 1.9 Other 0.3 52-78K 16.5 30-39 12.6
Not Stated 3.6 78-130K 21.1 40-49 13.6
130-182K 10.1 50-59 12.9
182K+ 6.3 60-69 9.1
70-79 7.0
80-89 2.5
0.390-99
The size of Fairfield West is approximately 3.2 square kilometres. It has 24 parks covering nearly 12.1% of totalarea. The population of Fairfield West in 2011 was 10,760 people. By 2016 the population was 11,560 showinga population growth of 7.4% in the area during that time. The predominant age group in Fairfield West is 10-19 years. Households in Fairfield West are primarily couples with children and are likely to be repaying $1800- $2399 per month on mortgage repayments. In general, people in Fairfield West work in a tradesoccupation. In 2011, 74.8% of the homes in Fairfield West were owner-occupied compared with 67.6% in 2016.Currently the median sales price of houses in the area is $712,500.
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
Local Schools
SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS
Westfields Sports HighSchool406A Hamilton Road FairfieldWest NSW 2165
0.32km Secondary Mixed Government 7-12
Fairfield West Public School
358-364 Hamilton RoadFairfield West NSW 2165
0.42km Primary Mixed Government 0-6
Fairvale High School
1 Thorney Road Fairfield WestNSW 2165
0.93km Secondary Mixed Government 7-12
Mary MacKillop CatholicCollege5 Carnarvon Street WakeleyNSW 2176
1.11km Secondary Female Non-Government 7-12
King Park Public School
31 Humphries Road WakeleyNSW 2176
1.3km Primary Mixed Government 0-6
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.
Recent Market Trends
Sales by Price - 12 months (House)
PRICE
<$200K
$200K-$400K
$400K-$600K
$600K-$800K
$800K-$1M
$1M-$2M
>2M
NUMBER
6
1
8
37
15
7
0
PERIOD PROPERTIES SOLD MEDIAN PRICE GROWTH DAYS ON MARKET LISTINGS ASKING RENT
Feb 2019 7 $712,500 -1.7% 48 29 $470
Jan 2019 6 $725,000 -0.7% 45 26 $470
Dec 2018 7 $730,000 -1.1% 41 30 $470
Nov 2018 14 $738,000 -1.1% 40 39 $470
Oct 2018 11 $746,000 -1.2% 38 32 $470
Sep 2018 6 $755,000 -0.2% 34 34 $470
Aug 2018 13 $756,500 -1.1% 32 37 $475
Jul 2018 5 $765,000 1.1% 36 41 $480
Jun 2018 7 $756,500 0.2% 39 41 $480
May 2018 17 $755,000 -0.1% 36 41 $480
Apr 2018 11 $755,500 -0.3% 37 44 $480
Mar 2018 15 $758,000 -0.3% 37 35 $480
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
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
119
163
146
128
122
142
123
152
113
149
146
130
123
109
122
173
195
253
171
211
MEDIAN PRICE
$712,500
$760,000
$712,500
$675,000
$586,000
$490,000
$430,000
$418,000
$390,000
$363,750
$322,500
$325,500
$330,000
$345,000
$373,500
$350,000
$300,000
$229,000
$197,250
$185,000
GROWTH
-6.2%
6.7%
5.6%
15.2%
19.6%
14.0%
2.9%
7.2%
7.2%
12.8%
-0.9%
-1.4%
-4.3%
-7.6%
6.7%
16.7%
31.0%
16.1%
6.6%
19.4%
DAYS ON MARKET
48
39
45
59
30
37
50
43
26
45
50
51
71
98
37
74
-
-
-
-
LISTINGS
110
138
111
119
93
115
122
144
141
131
137
133
100
97
68
20
1
1
-
-
ASKING RENT
$470
$480
$450
$450
$450
$430
$430
$400
$400
$370
$350
$290
$265
$230
-
-
-
-
-
-
© Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.
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.