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Nov. 27, 2019, 5 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Sydney
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), it continued to be an exercise in minimising the decline in capital growth. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 18, 2019, 3:32 a.m.
Ramsgate Beach Property Market Update 2nd Half of 2019
In Q3 2019, Ramsgate Beach recorded a median house price of $1,250,000, and a median unit price of $666,500. This represents annual (Q3 2018 – Q3 2019) median price softening of -13.2% for houses and -4.7% for units. At the same time total house sales slowed, down by -2.4% (to 40 sales), while units sales remained steady (at 91 sales). The 6-months outlook is more positive for the Ramsgate Beach however, suggesting a return in market confidence.
Nov. 12, 2019, 5:05 a.m.
Kingsgrove Property Market Update 2nd Half of 2019
In Q3 2019, Kingsgrove recorded a median house price of $1,090,000, and a median unit price of $625,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -5.2% for houses whilst units remained stable. At the same time, total sales in both markets accelerated for Q3 2019, up by 9.3% for houses (to 141 sales) and by 1.5% for units (to 68 sales). Local confidence is returning in Kingsgrove, making now an ideal time to transact in the market.
Nov. 12, 2019, 4:34 a.m.
Bexley North Property Market Update 2nd Half of 2019
In Q3 2019, Bexley North recorded a median house price of $1,142,500, and a median unit price of $629,000. This represents annual (Q3 2018 – Q3 2019) median price change of -1.9% for houses and price growth of 1.5% for units. At the same time, total sales in both markets lifted for Q3 2019, up by 21.4% for houses to 34 sales and by 40.6% for units to 45 sales. This suggests local confidence has returned, making now an ideal time to transact in the market.
Nov. 11, 2019, 6:11 a.m.
Q4 2019 Key Market Indicators – New South Wales
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Australian average growth of 3.5% during the same period, it is above traditionally affordable states such as Queensland (QLD), South Australia, and Tasmania (TAS)
Sept. 16, 2019, 6:34 a.m.
Ramsgate Beach Property Factsheet 1st Half of 2019
Ramsgate Beach* recorded median prices of $1,135,000 (house) and $630,000 (unit) in Q1 2019. This represented annual (Q1 2018 – Q1 2019) price softening of -23.3% and -12.0% for houses and units respectively. Compared to the Ramsgate Beach 2nd Half 2018 Research Factsheet, which reported annual (Q3 2017 – Q3 2018) price changes of -3.8% (house) and 2.0% (unit), both houses and units have become more affordable in Ramsgate Beach*.
Sept. 16, 2019, 6:29 a.m.
Kingsgrove Property Factsheet 1st Half of 2019
Kingsgrove recorded a median house price of $1,126,500 in Q1 2019, representing an annual (Q1 2018-Q1 2019) softening of -12.0%. Median unit price was $628,500; which represented a relatively stable growth. Compared to the Kingsgrove Research Factsheet 2nd half 2018, which reported an annual (Q3 2017-Q3 2018) price growth of -12.1% (house) and 4.7% (units), houses have maintained its value whereas units have become more affordable. This is a comfort to house owners and an opportunity for those wanting to enter the unit market.
Sept. 16, 2019, 6:21 a.m.
Bexley North Property Factsheet 1st Half of 2019
Bexley North recorded a median house price of $1,150,850 and a median unit price of $706,250 in Q1 2019. This represents an annual (Q1 2018 – Q1 2019) change of -4.6% (house) and -3.5% (units). Compared to Bexley North Research Factsheet 2nd half 2018, which reported an annual (Q3 2017 – Q3 2018) median price change of -8.9% (house) and -0.8% (units), houses in Bexley North has strengthened in value whereas units have become more affordable. Overall there is a softening in property price within the market, which is beneficial for first home buyers.
Sept. 13, 2019, 6:55 a.m.
Beverly Hills PRD Property Market Update 2nd Half of 2019
In Q2 2019, Beverly Hills recorded a median house price of $946,250, and a median unit price of $505,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -14.0% for houses and -21.1% for units. However, in the past six months (Q4 2018 – Q2 2019) median house price growth rapidly improved, softening by just -0.5%. This suggests now is an ideal time to enter the Beverly Hills housing market, while prices remain affordable.
Sept. 3, 2019, 4:56 a.m.
Metro Strata Report 2019
With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.