Laurieton Research Factsheet 2nd Half 2017

The Camden Haven property market recorded a median house price of $519,000 and $400,000 for units in Q3 2017, representing impressive double digit annual price growth of 10.4% and 23.1% respectively. Over the same period of time the Port Macquarie – Hastings LGA also witnessed positive annual price growth for houses and units, by 5.8% to $534,250 and 15.9% to $400,000 respectively. The Camden Haven unit market proves to be a premium market when compared to the wider LGA, however also returning higher capital growth. The Camden Haven house market is more affordable when compared to the LGA, uniquely combined with higher capital growth. This makes it suitable for first home buyers wanting to enter the market.

Median rents have improved over the past 12 months, growing by 12.0% to $420 for houses and 2.8% to $325 for units. This is good news for investors, especially with a continuously low vacancy rate, at 2.2% in October 2017. This is on par with Sydney’s vacancy rate (2.1%), and combined with exceptional rental yields of 4.4% (houses) and 4.6% (units), makes The Camden Haven* an ideal place for positive long term investment returns.

The Camden Haven is set to see approx. $59.4M of new projects commencing between 2016 - 2017. Residential projects accounted for the majority of the development value (83.3%), totaling an estimated $49.5M of projects. This is followed by infrastructure at approx. $4.9M (8.4%) and commercial projects at approximately $4.8M (8.3%).

Residential subdivision lots and house sites development drives the main proportion of project value, to allow for new homes to be built and cater for increasing demand. In total 1322 lots are planned, spread over 7 projects. 16 units, 3 townhouses, and 3 dwellings are also planned for the market.