Ingleburn Property Market Update 1st Half of 2022

In Q4 2021, Ingleburn recorded a median house price of $910,000, and a median unit price of $501,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 34.1% for houses and 10.7% for units. Between Q4 2020 – Q4 2021 total sales slowed down, by -32.3% for houses (to 329 sales) and increased by 53.8% for units (to 140 sales). There is strong demand in Ingleburn with high absorption rates of new listings. There are real returns to capital investment in the house market and an undersupplied unit market. This makes now an ideal time to sell your home at a premium in Ingleburn

Average vendor discounts between Q4 2020 and Q4 2021 have tightened for both property types, to -0.8% for houses and -1.8% for units. Market conditions in Ingleburn are shifting toward sellers, where buyers have less power to negotiate below the initial listing price. There is still time to enter the market before vendor discounts reach premium levels in Ingleburn.

In December 2021, house rental yields in Ingleburn¥ were recorded at 3.0%. In the 12 months to Q4 2021, the median house rental price increased by 5.3% to reach $500 per week, while average days on the market declined by -4.3% (to 22 days). Ingleburn presents rental yields greater than the Campbelltown LGA and Sydney Metro for both houses and units, along with increasing rental growth and decreasing days on the market. Overall this indicates a strong rental market.

4+ bedroom houses have provided investors with +9.1% rental growth annually, with a median rent of $600 per week.

Also in December 2021, Ingleburn recorded a vacancy rate of 1.1%, below that of Campbelltown LGA (1.2%) and Sydney Metro (2.6%). Vacancy rates in Ingleburn have remained below the Real Estate Institute of Australia’s healthy benchmark of 3.0% since December of 2019 and trended under 1.5% for the past 18 months. This confirms there is a healthy level of rental demand and investors can be confident of a conducive investment environment in Ingleburn.