Hurlstone Park NSW Property Investment

THE MARKET

Hurlstone Park has compounded at 0.7%/yr over 5 years — a house that cost $2,221,163 in 2021 is worth $2,300,000 today. Properties are sitting on market for 49 days (roughly balanced conditions). At the same growth rate, today's median reaches $2,381,635 by 2031.

- **Median house:** $2,300,000 | **Units:** $679,611 - **Gross yield:** 1.9% | **Net yield:** 0.4% - **5yr price CAGR:** 0.7%/yr | **3yr forecast:** 0.8%/yr - **Population:** 21,626 | **Owner-occupier rate:** 30% | **Affluence:** Very High

- **Supply pipeline:** Moderate — Strong population growth likely attracting new development approvals

RENTAL SNAPSHOT

- **Vacancy:** 2.1% (stable) | **Rental demand:** High - **Median weekly rent:** $850/wk | **Days on market:** 49 (worsening) - Balanced market — vacancy manageable but monitor trend.

SHORT-TERM RENTAL

- **Median nightly rate:** $195/night | **Occupancy:** 68% - **Estimated annual STR gross:** ~$48,399/yr - **vs long-term rent:** $44,200/yr (comparable — LTR offers simpler management)

INFRASTRUCTURE & CATALYSTS

- No major confirmed infrastructure projects on record. - **Transport:** Standard suburban transport access

BULL CASE

If Hurlstone Park maintains 3%+ annual growth and vacancy stays below 1.5%, median prices could reach $2,645,000 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Hurlstone Park pull back 10-15% from $2,300,000, with vacancy rising to 3.8% and rental yields softening as tenants gain leverage.

KEY RISKS

- Premium price point limits buyer pool and increases interest rate sensitivity

COMPARABLE MARKETS

- **Zetland** (NSW): $2,610,153 median, 2.0% yield, 8.7% 1yr growth - **Newtown** (NSW): $2,000,000 median, 2.4% yield, 6.8% 1yr growth - **Glebe** (NSW): $2,700,000 median, 1.8% yield, 3.3% 1yr growth

THE PLAY

Hurlstone Park offers balanced fundamentals but does not present an urgent buying signal. The market is in a growth phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $2,070,000 – $2,530,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.