Comparative Market Analysis - Sydney Growth Properties · SYDNEY GROWTH PROPERTIES SELECTED PROPERTIES FOR INVESTORS - DEVELOPERS & 1ST HOME BUYERS Your Property History 8 May, 2019

Comparative Market Analysis

15 Corona Road Fairfield West NSW 2165

Prepared on 22nd May 2019

SYDNEY GROWTH PROPERTIES PTY LTD

[email protected]

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

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

Comparables Map: Sales


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 Date 10-Apr-19 Year Built 1965


2

Price Change -


20 Hawkesbury Street Fairfield WestNSW 2165

556m2 111m24 2 1

Sold Price $688,000



3

Price Change -

Last Listing -First Listing -

1 Gardiner Crescent Fairfield West NSW2165

645m2 128m23 1 1


Sold Date 11-May-19 Year Built 1960


4

Price Change -


13 Gardiner Crescent Fairfield West NSW2165

948m2 136m23 1 2




5

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


Comparable Sales

Price Change -6.7%


29 Atherton Street Fairfield West NSW2165

563m2 86m23 1 1

Sold Price $560,000



6

Price Change -


5 Norfolk Avenue Fairfield West NSW2165

563m2 123m23 1 1




7

Price Change -


32 Rawson Road Fairfield West NSW2165

588m2 259m25 4 4




8

Price Change -


14 Cottrell Place Fairfield West NSW2165

560m2 315m25 2 2

Sold PriceRS - UN



9

Price Change -17.3%


273 Smithfield Road Fairfield West NSW2165

556m2 110m24 1 1




10



Comparable Sales

Price Change -


27 Brentwood Street Fairfield West NSW2165

556m2 117m23 1 2

Sold Price $702,000



11

Price Change -15.6%


8 Bramley Street Fairfield West NSW2165

563m2 90m23 1 1

Sold Price $540,000



12

Price Change -


32 Kalora Avenue Fairfield West NSW2165

575m2 127m23 2 2

Sold PriceRS - UN



13

Price Change -


17 Tyrell Crescent Fairfield West NSW2165

582m2 123.41m23 1 3




14



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.


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


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


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

-

-

-

-

-

-


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.


Documents

Comparative Market Analysis - Sydney Growth Properties · SYDNEY GROWTH PROPERTIES SELECTED PROPERTIES FOR INVESTORS - DEVELOPERS & 1ST HOME BUYERS Your Property History 8 May, 2019