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Oct. 1, 2019, 5:12 a.m.
Oatley Research Factsheet 1st Half of 2019
In Q1 2019, Oatley* recorded a median house price of $1,150,000 and a median unit price of $649,999. This resulted in annual (Q1 2018 – Q1 2019) price changes of -16.2% for houses and -0.1% for units. By comparison, the 2nd Half 2018 Oatley Research Factsheet reported annual (Q3 2017 – Q3 2018) growth of 4.2% (house) and 1.6% (unit), meaning that property in Oatley* has become more affordable.
Oct. 1, 2019, 3:15 a.m.
Panania Research Factsheet 1st Half of 2019
Q1 2019* saw Panania* record a median house price of $850,000 and a median unit price of $662,500. This represents annual (Q1 2018 – Q1 2019) price changes of -16.5% (house) and -3.7% (unit). When compared to the Panania 2nd Half 2018 Research Factsheet, which reported annual (Q3 2017 – Q3 2018) price softening of -1.2% and -1.6% for houses and units respectively, properties in Panania have recently increased in affordability.
Oct. 1, 2019, 3:05 a.m.
Penrith Research Factsheet 1st Half of 2019
Penrith* recorded a median house price of $645,000 in Q1 2019, and a median unit price of $455,000. This resulted in annual (Q1 2018 – Q1 2019) growth of -7.9% for houses and -13.3% for units. Compared with the 2nd Half 2018 Penrith Research Factsheet, which reported annual (Q3 2017 – Q3 2018) growth of -3.3% for houses and -4.3% for units, properties in Penrith* have recently become more affordable. This is great news for home buyers seeking to enter the market for the first time and investors who wish to act counter-cyclically in the market.
Oct. 1, 2019, 1:36 a.m.
Hervey Bay Research Factsheet 1st Half 2019
Hervey Bay, which for this research factsheet is represented by all suburbs in the postcode 4655, recorded a median house price of $363,000 and $270,000 for units in Q1 2019. These figures represented an annual (Q1 2018- Q1 2019) price growth of 3.7% (house) and 4.5% (units). Compared to the Hervey Bay 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017- Q3 2018) median price change of 7.8% (house) and -0.4% (units), houses in Hervey Bay have become more affordable while units have strengthened in value.
Oct. 1, 2019, 1:15 a.m.
Maryborough Research Factsheet 1st Half 2019
Over the past 12 months (Q1 2018 – Q1 2019) the Maryborough property market recorded a median house price of $193,000 in Q1 2019, which represented a capital growth of 1.6%. When compared to the Maryborough 2ndhalf 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) price change of -2.0%, houses in Maryborough have strengthened in value. This provides comfort to home owners, especially those who are contemplating selling their property.
Oct. 1, 2019, 1:05 a.m.
Maidstone Research Factsheet 1st Half of 2019
Maidstone* recorded a median house price of $750,000 in Q1 2019 and a median unit price of $500,000. This represented an annual (Q1 2018-Q1 2019) softening of -3.8% for houses and a strengthening of 13.8% for units. In comparison the nearby suburb of Maribyrnong recorded a median house price of $806,250 and median unit price of $471,500 in Q1 2019, which represented -20.2% (house) and -8.3% (unit) price softening over the past 12 months. Thus properties in Maidstone are more affordable and have higher capital growth potential, particularly for units.
Oct. 1, 2019, 12:23 a.m.
Inner North (ACT) Research Factsheet 1st Half 2019
The Inner North market recorded a median house price of $913,000 and median unit price of $435,000 in Q1 2019. This represents an annual (Q1 2018 – Q1 2019) price change of -5.4% (house) and -8.0% (units). Compared to the Inner North Research Factsheet 2nd Half 2018, which reported an annual (Q3 2017 – Q3 2018) price change of 18.4% (house) and 11.1% (units), the Inner North* property market has become more affordable. This is potentially due to the heavy level of new stock entering the market, indicating an ideal time for first time home buyers to enter the market.
Oct. 1, 2019, 12:15 a.m.
Kogarah Research Factsheet 1st Half 2019
Kogarah market recorded a median house price of $1,155,000 and median unit price of $637,500 in Q1 2019, which represented an annual (Q1 2018-Q1 2019) softening of -8.0% for houses and -5.9% for units. Compared to the Kogarah 2nd Half 2018 Research Factsheet, which recorded an annual (Q3 2017-Q3 2018) price softening of -3.5% (house) and -5.9% (units), houses in Kogarah have become more affordable whereas units have remained stable. This is good news for unit owners and signals an ideal time for first home buyers to enter the house market.
Sept. 30, 2019, 5:01 a.m.
Perth Market Update 2nd Half of 2019
Between 2014-2015, residential projects dominated project development in Perth. In 2017-2018 there has been a move to focus on infrastructure projects, suggesting that the local government recognised the need for improved amenities to attract residents and absorb the additional residential stock created in previous years. A slowdown in commercial project activity after 2014-2015 has slightly improved in 2017-2018, suggesting businesses are recognising the opportunities presented in Perth. There has been a slight increase in mixed-use projects for 2019-2020, suggesting Perth will benefit from increased diversity in its property market.
Sept. 30, 2019, 4:31 a.m.
Whitsunday PRD Market Report 2nd half 2019
In Q2 2019, Whitsundays recorded a median house price of $475,000 (32 sales), and a median unit price of $232,000 (27 sales). This represents annual (Q2 2018 – Q2 2019) median price growth of 15.2% for houses and 0.6% for units. During this time house sales increased by 6.7%, and unit sales declined by -38.6%. Despite a slower start to 2019 the Whitsundays’ is moving towards a more resilient market, particularly for houses. Positive capital growth over the past 12 months should build investor confidence for the rest of 2019.