Ingleburn Research Factsheet 2nd Half 2017
Ingleburn is experiencing a strong growth within the market, of 10.9% for houses and 10.0% for units in Q2 2017. Similarly, the wider Campbelltown City Council LGA market is experiencing strong growth of 10.4% for houses and 13.1% for units. Property prices in Ingleburn currently sit above the Campbelltown LGA, with comparable annual capital growth rates. This presents Ingleburn as an increasingly demanded location that offers a more premium market. Attractive rental yields of 3.5% (houses) and 4.2% (units) presents highly desirable conditions for investors.
Project development in the Campbelltown City Council LGA region for 2nd Half 2017 is estimated at $77.5M, with a scope of residential, mixed use and industrial projects. The wide scope of projects offers a balanced portfolio for Ingleburn and will see that increasing residential demand is met with supply for the years to come. A significant Mixed Use project is the Edmondson Park Frasers Town Centre ($23.0M). Site preparations are set to commence in September 2017, for the delivery of the Town Centre Core & Residential Precinct concept plan. Future uses will include a shopping centre, parklands, homes, apartment and commercial space. The entire project is due for completion by 2023.