Ingleburn Property Market Update 2nd Half of 2021

In Q2 2021, Ingleburn recorded a median house price of $800,000, and a median unit price of $480,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 17.6% for houses and 9.1% for units. Between Q2 2020 – Q2 2021 total sales in both markets increased, by 41.4% for houses (to 335 sales) and by 86.6% for units (to 153 sales). Median price growth combined with an increase in the number of sales indicate a highly demanded market, where there is real return in capital investment. Now is an ideal time for owner occupiers and downsizers to be active in the Ingleburn market.

Average vendor discounts between Q2 2020 and Q2 2021 have tightened for both property types, to -0.8% for houses and -3.3% for units. Ingleburn offers unique opportunities, wherein sellers can now achieve a final sale price closer to their first list price, yet buyers can still benefit from a discount.

In June 2021, house rental yields in Ingleburn were recorded at 3.1%. In the 12 months to Q2 2021, the median house rental price increased by 4.4% to reach $470 per week, while average days on the market declined by -12.5% (to 21 days). Overall this represents a strong rental market throughout COVID-19.

3-bedroom houses have provided investors with +7.3% rental growth annually, with a median rent of $440 per week.

Also in June 2021, Ingleburn recorded a low vacancy rate of 1.0%, similar to that of Campbelltown LGA (1.1%) and well below Sydney Metro (2.8%). Current vacancy rates in Ingleburn is one of the lowest recorded in the past three years, well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, even amidst COVID-19 conditions. There is a healthy ongoing level of rental demand, investors can be confident of a conducive investment environment in Ingleburn.