Jerrabomberra Property Report S P R I N G 2 0 2 2 Courtesy of Ray White Queanbeyan | Jerrabomberra
We are continuing to move into a much more normal market than what we have experienced over the past two years. Depending on what data set you are using, the extent of the slowdown differs however there is consensus that as interest rates rise, we are at the start of a new cycle. Strong inflation, rising interest rates and a subsequent economic slowdown that results in rising unemployment will be challenging for pretty much everyone. A slow down to fast house price growth in contrast will be a relief to most. The fact is people buy and sell houses every day. They upsize, downsize, move away and move home as everyone’s personal circumstances are different. Selling is a personal decision. Our job has always been the same. To create competition for our sellers - and we can do that in any market. The process remains the same: to market our properties as far and widely as possible for our sellers. We’ve never lost sight of that. If you are considering a move, we can help you to achieve the best possible sales outcome. We invite you to get in touch and experience the Ray White difference for yourself. Brad O’Mara Director Ray White Queanbeyan | Jerrabomberra Australia’s median house price increased by 32% from March 2020 to December 2021, making it the fastest period of price growth we have ever experienced. Since the end of last year, the market has slowed considerably. WHAT’S HAPPENING IN OUR MARKET?
Are you curious to know the new value of your property in today’s market? Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. Ray White Queanbeyan | Jerrabomberra 19 Monaro Street Queanbeyan NSW 2620 Brad O’Mara Director 0402 343 771 brad.omara@raywhite.com HOW MUCH IS MY PROPERTY WORTH? Contact us to arrange your obligation free market appraisal 02 6299 4333 | raywhitequeanbeyan.com.au SAMPLE SAMPLE SAMPLE Ben Mills Sales Executive 0420 304 431 ben.mills@raywhite.com
RECENT SALES IN YOUR AREA SOLD $1,775,000 SOLD $1,650,000 SOLD $1,600,000 SOLD $1,575,000 SOLD $1,300,000 SOLD $1,251,000 SOLD $1,100,000 SOLD $1,100,000 3 3 5 2 3 5 3 3 5 2 3 4 2 2 4 2 2 4 2 2 4 2 2 4 12 Lakeview Gardens, Jerrabomberra 35 Balcombe Street, Jerrabomberra 8 Lakeview Gardens, Jerrabomberra 24 Balcombe Street, Jerrabomberra 44 Stringybark Drive, Jerrabomberra 17 Forest Drive, Jerrabomberra 6 Wentworth Court, Jerrabomberra 6 Sweetgum Place, Jerrabomberra
RECENT ACTIVITY IN YOUR AREA SOLD $910,000 SOLD $715,000 SOLD $680,000 FOR SALE $1,200,000-$1,250,000 FOR SALE $1,050,000-$1,100,000 UPCOMING AUCTION AUCTION AUCTION 2 2 3 1 1 3 1 2 3 2 2 5 2 2 4 3 2 6 3 2 5 3 3 4 31 Unwin Avenue Jerrabomberra 1/15 Darmody Place Jerrabomberra 6/9-15 Torpy Place Jerrabomberra 12 Frangipani Place, Jerrabomberra 1 Stringybark Drive, Jerrabomberra 10 Myrtle Close, Jerrabomberra 138 Halloran Drive, Jerrabomberra 5 Balcombe Street, Jerrabomberra
FAST FACTS 32 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Jerrabomberra has increased 49.7% which equates to a compound annual growth rate of 8.41%. HOUSES SOLD LAST QUARTER HOUSES MEDIAN DAYS ON MARKET SALES UNITS SOLD LAST QUARTER HOUSES MEDIAN $1,100,000 HIGHEST $1,560,000 LOWEST $595,000 UNITS MEDIAN $650,000 HIGHEST $782,500 LOWEST $545,000 Source: Core Logic RPData 25 May - 25 August 2022 6 2. 30 JERRABOMBERRA $900K 80 $1.1M 100 $1.3M 120 $700K 60 2018 2019 2020 2021 2022 MEDIAN HOUSE SALE PRICE NUMBER SOLD LEASE MEDIAN HOUSE (4 BED) $830 MEDIAN UNIT (2 BED) $570 RENT PER WEEK
Exceptional to deal with Ray White Queanbeyan was a pleasure to deal with in purchasing my new home. They had great knowledge of the property and the current market. They were exceptional to work with and guided me through every step of the way. I would have no hesitation in recommending Ray White Queanbeyan | Jerrabomberra. Thank you Ray White for making this experience so stress free. Sonya Highly impressed Mike recently sold our Queanbeyan home, achieving a very quick sale at a price beyond our expectations. During the process we were impressed with Mike’s friendly & helpful advice, realistic approach, diligent attention to detail and excellent communication. We would highly recommend Mike to anybody seeking to sell their property. Carolyn Genuine, attentive service Ben is a rare gem in today’s market. He is genuine and listened to our needs. We bought the property with Ben so it was an easy decision to engage him when selling our home. He did a great job and we are happy. Looking for our new home interstate and speaking with many real estate agents, I can say with confidence that they do not even come close to Ben’s service. Dom Ultimate professional We had no hesitation in deciding to list with Brad O’Mara. We had sold a property around six years ago with Brad as our agent and it was a well thought out and seamless campaign that achieved the desired results. We were hopeful that we could achieve a similar outcome with our new listing and we were not left disappointed. Brad was knowledgeable and precise in his market knowledge of our area, honest in his appraisal on the value of our property and delivered a result in line with his price guides and our expectations. We were well informed at every step of the way and had a full understanding of the auction process prior to the big day. I can not speak highly enough of the professionalism displayed by Brad and his team. Chris A WORD FROM OUR CLIENTS
YOUR RAY WHITE TEAM Ray White Queanbeyan | Jerrabomberra 19 Monaro Street, Queanbeyan NSW 2620 02 6299 4333 queanbeyan.nsw@raywhite.com raywhitequeanbeyan.com.au Brad O’Mara Director 0402 343 771 brad.omara@raywhite.com Mike Boyle Sales Executive 0425 544 664 mike.boyle@raywhite.com Ben Mills Sales Executive 0420 304 431 ben.mills@raywhite.com
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