Camden Haven Property Factsheet 1st Half of 2018
The Camden Haven property market continues to deliver positive capital growth to home owners, with Q1 2018 reporting a median house price of $485,000 and a median unit price of $395,000; representing annual price change of 1.0% and 9.7% respectively. Interestingly sales transactions for houses increased by 18.8% and the number of units sold was stable over this period, suggesting there is real capital growth in the market.
The Camden Haven property market continues to deliver positive capital growth to home owners, with Q1 2018 reporting a median house price of $485,000 and a median unit price of $395,000; representing annual price change of 1.0% and 9.7% respectively. Interestingly sales transactions for houses increased by 18.8% and the number of units sold was stable over this period, suggesting there is real capital growth in the market.
Median rents in Camden Haven have experienced a strong annual growth of 5.4% for units over the past 12 months to Q1 2018, currently at $295 per week. Meanwhile, house median rent has softened partially to $370 per week. Investors are benefiting from rewarding rental yields of 4.2% (house) and 4.7% (units), which is significantly higher than that of Sydney Metro at 2.8% and 3.7%, respectively. Additionally, vacancy rates in Camden Haven is at 2.7% as of December 2017, which is on par with Sydney Metro (2.6%). However, Camden Haven vacancy rates are trending downwards, which is in contrast with Sydney Metro (trending upwards). This suggests a healthier rental demand market for astute investors. Investors are strongly encouraged to secure a property now in Camden haven’s lucrative market.
Camden Haven is set to see approx. $ 33.7M worth of new projects between 2016 and 1st half 2018. The majority of investment (73.0%) will be focused on residential developments, followed by $7.5M (22.4%) of infrastructure development and $1.5M (4.5%) will be invested into commercial development. This balance of development will further improve liveability aspects for current and future residents whilst further stimulating the local economic and employment growth.
