Harrington Park NSW Property Investment

## 1. Investment Verdict Hold – the key figure is the median house price of approximately $1,567,301 (sole source – OnTheHouse). At this price level the market shows no clear upside or downside, aligning with the 64 / 100 scorecard rating.

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## 2. Market Overview - Median house price: approximately $1,567,301 (sole source – OnTheHouse). - Growth trend: not supplied in the data set. - Days on market: not supplied.

*Interpretation* – With only a median price and no trend or speed‑of‑sale data, the market appears neutral. Buyers face a high entry price, while sellers can command that price but have no evidence of rapid turnover. The balance suggests a “wait‑and‑see” stance, reinforcing the Hold recommendation.

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## 3. Rental Market - Vacancy rate: not supplied. - Weekly rent: not supplied. - Gross yield: not supplied. - Demand rating: not supplied.

*Interpretation* – The absence of rental metrics means we cannot calculate yield or assess tenant demand. The 64 / 100 investment scorecard implies moderate rental appeal, but investors should obtain current vacancy and rent figures before committing to a rental strategy.

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## 4. Short‑Term Rental Opportunity - STR nightly rate: not supplied. - Occupancy rate: not supplied. - Estimated annual STR revenue: not supplied.

*Interpretation* – Without STR data, we cannot model short‑term returns. Given the high median house price and lack of tourism‑specific information, a conservative approach would favour long‑term rental (LTR) until STR performance data becomes available.

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## 5. Infrastructure & Growth Drivers - Known projects, transport links, employment base: not supplied.

*Interpretation* – No concrete infrastructure or employment information is provided, so we cannot identify specific demand catalysts or constraints. Investors should monitor council releases and transport authority announcements for future developments.

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## 6. Bull Case If the suburb receives new infrastructure, a diversified employment hub, or a measurable price‑growth trend, the median house price could rise. Assuming a modest 5 % annual capital appreciation (a common benchmark for stable growth suburbs), the median could move to around $1,645,666 within 12 months. This scenario would improve both capital‑gain potential and rental yield prospects.

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## 7. Risks | Risk | Data‑Based Indicator | Potential Impact | |------|----------------------|------------------| | Vacancy risk | Vacancy rate not provided | Uncertainty around rental income stability. | | Single‑employer dependency | Employment base not supplied | If the local job market relies on one major employer, any downsizing could depress demand. | | Supply pipeline | No data on new housing approvals | A surge in new dwellings could increase competition and cap price growth. | | Interest‑rate sensitivity | General market condition | Higher rates could reduce buyer affordability, pressuring the $1.57 m median price. |

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## 8. The Play - Entry range: Target purchases near the median – roughly $1.5 m to $1.6 m, acknowledging the figure is from a sole source. - Minimum yield to target: With no rent data, aim for a gross yield of at least 3 % to cover holding costs and provide a modest return. - Watch signals: 1. Release of any official median price updates (peer‑validated data). 2. Publication of vacancy and rent statistics for the suburb. 3. Announcement of new infrastructure or major employer projects. 4. Changes in interest‑rate policy that could affect buyer capacity. - Recommended strategy: Adopt a hold‑and‑monitor approach. Acquire a property at the lower end of the $1.5 m–$1.6 m band if the seller offers a price below the sole‑source median and if the buyer can secure a yield ≥ 3 %. Continue to track rental market data and any infrastructure announcements; be prepared to shift to a more aggressive acquisition or divestment stance if the suburb’s fundamentals improve or deteriorate.