OatleyMarket Report

4th Quarter 2010

Market StatisticsOatley Recent Sales History – 4th Quarter 2010

DateAvg House Price

Waterfront

Avg House Price

Non-Waterfront

Avg Unit, Villa

T/House Price

Jan-10 $2,180,000 $899,403 $512,206

Feb-10 $1,876,667 $932,513 $513,433

Mar-10 $1,678,750 $936167 $497,344

April-10 $1,678,750 $935,330 $505,074

May-10 $1,678,750 $938,205 $504,141

Jun-10 $1,604,214 $931,038 $494,793

Jly-10 $1,604,214 $929,550 $488,793

Aug-10 $1,571,188 $925,743 $486,894

Sep-10 $1,552,167 $921,864 $485,132

Oct-10 $1,520,500 $945,259 $469,988

Nov-10 $1,520,500 $950,033 $480,544

Dec-10 $1,508,450 $961,428 $478,856

Median Sale Prices in Oatley from January 2010 Cumulative Average Sale Prices in Oatley from January 2010

DwellingApprox. Number of

PropertiesNumber of Sales % Turnover

Highest Listed

Sale Price

Houses 2,328 27 1.16% $1,810,000

Waterfront/Reserve Houses

284 2 0.70% $1,550,000

Residential Units 560 14 2.50% $590,150

Villas/Townhouses 248 3 1.21% $731,000

NB: Market statistics based on settled sales recorded with RPData and realestate.com.au during the prescribed period. Area statistics sourced from the 2006 Australian Census and domain.com.au. We have in preparing this document used our best endeavors to ensure the accuracy of all the information provided. We accept no liability or responsibility for any errors or inaccuracies and recommend that all recipients make their own enquiries to verify any information given. Properties shown may have been sold by real estate businesses other than Ray White Oatley.

Market ReviewSpring finally arrived bringing an end to the politicaluncertainty we experienced during the Winter quarter.The flood gates opened in October with an increasednumber of listings in Oatley as consumer confidenceappeared to return to the market. Auction clearancerates dropped slightly to a still respectable 70%,however, it was pleasing to see the number of dayshouses are taking to sell in Oatley fall to an average of88 days.

As the silly season approached we saw a slight drop inthe number of properties being sold during Novemberand December, however, some prices achieved werewell above this quarter’s median house price for Oatley

of $1,207,500. The top end of the market also enjoyedgood results with seven properties selling over the $1.3million mark.

With the spotlight temporarily off the property marketand focussed on retail outcomes over the Christmasperiod, property forecasts by so-called “experts” remaincontradictory for the year ahead. What we can agreeon is that in our local region, including Oatley, theforecast property sales for next year will only meet some40% of the needs of the growing local population. Thismeans healthy demand will continue to underpin ourlocal property market, which is good news all round.

Lisa Pentland, John Michaelis, Steve PentlandPrincipals, Ray White Oatley

What our clients say

Area Sales 4th Quarter 2010

63 Waratah St, Oatley$760,000

72 Algernon St, Oatley$1,550,000

33 Kitchener St, Oatley$905,000

8/32 Woonoona Pde E, Oatley$333,000

3 1 11 13 11 23 2

14 Glen Rd, Oatley$820,000

2/56 Oatley Pde, Oatley$731,000

1 Winter Pl, Oatley$861,100

3 Renown Ave, Oatley$1,810,000

3 11 114 5 25 5 23

29 Renown Ave, Oatley$891,000

6/46 Oatley Ave, Oatley$478,000

33 Llewellyn St, Oatley$1,480,000

42 Lansdowne Pde, Oatley$1,400,000

2 22 113 5 23 4 22

02 9580 7111 oatley.nsw@raywhite.com raywhiteoatley.com

It was a pleasure to deal with John and the rest of theteam. I found the customer service extremely professionaland would highly recommend Ray White Oatley to anyonewanting to sell in the St George area.

I chose to go with John after observing him and the wayhe interacted with potential buyers at open houses. Meand my partner found him very helpful with the advice heprovided in relation to purchasing properties. We foundhim warm, genuine and honest.

I have been very impressed with the overall managementof the sale of my property.

Many thanks to John and the rest of the team.

Regards.Kim Meredith

Thanks for your efforts in listing and selling my unit. Iappreciate the level of service I received and would nothesitate to recommend you guys to my friends in the area.

Regards,Steve Emmett

Thank you so much for selling our home. We wereextremely satisfied with everything Ray White Oatley did.What was promised to us from the start was carried out ina professional and personal manner.

We would certainly recommend John, Steve, Lisa andtheir team to anyone wishing to buy or sell their home.

Regards,Esma Connerton-Jones, Keith & Sandra Jones