LJHookerQuarterlyMarketReport

Gosford | East Gosford | Lisarow
This report covers your local suburbs of East Gosford, Gosford, Kariong,
Lisarow, Narara, Niagara Park, North Gosford, Ourimbah, Point Frederick,
Springield and Wyoming.
August
2017
Brought to you by the team at LJ Hooker Gosford | East Gosford | Lisarow
LJ Hooker Gosford
(02) 4324 1234
gosford@ljh.com.au
gosford.ljhooker.com.au
LJ Hooker East Gosford
(02) 4322 5522
eastgosford@ljh.com.au
eastgosford.ljhooker.com.au
LJ Hooker Lisarow
(02) 4329 1234
lisarow@ljh.com.au
lisarow.ljhooker.com.au

What’s happening in our local property market
Strongest growth Most traded Fastest sellers
Gosford
44.9%
Ourimbah
19.4%
Wyoming
179 sales
Gosford
179 sales
Gosford
7 days
Ourimbah
9 days
At LJ Hooker Gosford | East Gosford | Lisarow our goal is to provide you with the information you need to make conident
decisions about property - whether you are buying, selling, investing or renting. We have created this report which details
local market conditions and how property is performing in your area which at times can be very different to the combined
performance of the capital cities. Let us help you stay on top of changes in your local property market every month.
Across our local market, we have seen 1,193 properties listed for sale, over the past 12 months, which is lower than the same time
last year. This has impacted sales with 1,382 taking place over the past 12 months. Looking at the house market, the best performing
suburb, over the past 12 months, has been Gosford which has seen its median sales price grow by 44.9%. The median sales price of
a home in Gosford is now $923,500. Ourimbah saw its median house sales price grow by 26.6% with the median price now sitting at
$690,000 and Point Frederick grew 22.3% across 12 individual sales with a median of $1,250,000.
The most traded suburb for houses in our area has been Wyoming with 179 homes sold over the past 12 months while Gosford had
the most unit sales with 179 transactions. House prices in Wyoming have performed strongly with growth of 11.5% and now have a
median price of $546,500.
Over the past month, about $428,000 in units and $7,337,000 in houses has been sold in Wyoming with $6,658,000 and $96.63m
respectively sold over the past 12 months.
Ourimbah has demonstrated the strongest price growth for units with prices rising 19.4% over the past 12 months. The median sales
price for units in Ourimbah is now $424,000 and with a median rent of $355 a week, they offer a rental yield of 4.9%.
The highest median housing rents in our area are $640 per week in Point Frederick and for units $420 per week in East Gosford.
Housing rental yields in Wyoming are currently 4.4% demonstrating why the area is popular with investors.
The time it takes to sell a house in our region ranges from 7 days in Gosford to 31 days in Ourimbah, and the shortest median time to
sell a unit is 9 days in Ourimbah.
Top performing local suburbs
Gosford
17
$923,500
44.9%
21.3%
Ourimbah
51
$690,000
26.6%
7.3%
Houses
Point Frederick
12
$1,250,000
22.3%
6.4%
Ourimbah
21
$424,000
19.4%
5.9%
East Gosford
95
$605,000
12.5%
5.8%
Units
North Gosford
45
$450,000
12.2%
5.3%
Number sold (12 months) Median Price Median Growth 12 months Annual Change over 10 years
Gosford | East Gosford | Lisarow

This month it’s all about Wyoming
d One of the most popular suburbs in our region is Wyoming where
177 houses were listed for sale over the past year. Houses in
Wyoming have an average land size of 682 square metres.
d The suburb also has a small apartment market with 18 units listed
for sale over the past year.
d The suburb is tightly held with residents typically holding their house
for 9 years.
d The median value of houses in Wyoming is $569,067. This is higher
than the median sales price which is currently $546,500.
d Over the past 12 months, buyer interest has eased with 179
houses sold this year compared to 187 sales last year.
d Houses are typically selling within 14 days.
d Sales prices have grown by 11.5% over the past 12 months and
vendors are typically discounting by -4.9% to secure a sale.
d All of this means it is now a good time to buy in Wyoming.
Over 12-month period (1 May 2016 to 30 Apr 2017)
Suburb snapshot Houses Units
Number Sold
Median Sale Price
Annual Change in Median Price
Median Asking Rent
Indicative Gross Rental Yield
Total Listings
Median Days on Market
Total Value of Sales
179
$546,500
11.5%
$440
4.4%
177
14
$96.63m
18
$426,500
9.4%
$390
4.5%
18
10
$6,658,000
Our local area expertise – investing
For housing investors, the best buying in our area can be found in Wyoming where houses are returning a 4.4% yield, while units in Niagara Park
are returning a 5.1% yield - making it a good place for savvy investors to look for inlation-beating returns.
The median price of a house in Wyoming currently is $546,500 and average rents are $440 per week whereas median unit prices are $410,000
in Niagara Park with rents of $420 per week. This means it could be possible to purchase a cash-positive investment unit.
Narara is the second best yielding unit suburb in our area with units that cost around the median price of $433,500 returning 5.1% with median
asking rents of $385 per week, while Lisarow also is worth watching with returns of 5.1% based on a median price of $440,000 and rents of
$410 per week.
For those interested in investing in houses, also consider Ourimbah where prices have moved strongly by 26.6% while yields are 4.3% - which
could be a cash low positive investment.
Highest yielding suburbs in our area
Yields over 12 months (1 May 2016 to 30 Apr 2017)
Houses
Units
Suburb
Wyoming
Ourimbah
Narara
Niagara Park
Narara
Lisarow
Number
Sold
179
51
138
4
31
10
Median
Sale Price
$546,500
$690,000
$565,000
$410,000
$433,500
$440,000
Change in
Median Price
11.5%
26.6%
6%
NA
5.2%
3.5%
Median
Asking Rent
$440
$430
$460
$420
$385
$410
Indicative Gross
Rental Yield
4.4%
4.3%
4.3%
5.1%
5.1%
5.1%
Gosford | East Gosford | Lisarow

Thinking about a spring move?
It may not feel like it but spring is just around the corner. So if you’re thinking of selling, this coming
spring, it’s best to start planning now.
An LJ Hooker Market Update will give you the perfect understanding of what’s happening with your
property in today’s market.
Know what your property is worth in today’s market.
Ask the team at LJ Hooker Gosford | East Gosford | Lisarow.
LJ Hooker Gosford
(02) 4324 1234
gosford@ljh.com.au
gosford.ljhooker.com.au
LJ Hooker East Gosford
(02) 4322 5522
eastgosford@ljh.com.au
eastgosford.ljhooker.com.au
LJ Hooker Lisarow
(02) 4329 1234
lisarow@ljh.com.au
lisarow.ljhooker.com.au
Gosford | East Gosford | Lisarow
Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.
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through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general
information only and is not intended as inancial advice. For our complete terms and conditions of use, go to www.corelogic.com.au