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July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.
July 23, 2018, 6:07 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2018
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to the increased unit supply, confirming a return towards a more sustainable market. Now is the time for buyers to enter the market and capitalise on opportunities of affordability. Prospective houses buyers looking for affordable options should look toward Sydney’s south-western suburbs. A particularly attractive market for investors can be found in Parramatta, which experienced a 20.8% in annual growth and is expecting a further $297.2M of investment in the 1st half of 2018.
July 13, 2018, 12:41 a.m.
Kogarah Property Factsheet 1st Half 2018
Kogarah recorded a median house price of $1,233,750 and $670,000 for units in Q1 2018, which represents an annual price change of -11.2% and -0.7% respectively. House prices in the Georges River Local Government Area (Q1 2017-Q1 2018) softened by -18.2% to $1,285,000 and unit prices grew by 3.7% to $723,000. The partial softening in Kogarah is on par with Sydney's cooling in property prices, which suggest a return to more sustainable level of growth. Now is the time for first home buyers to secure their dream property in a blue-chip residential area.
June 8, 2018, 6:02 a.m.
Kogarah Research Factsheet 2nd Half 2017
The Kogarah property market witnessed a record-setting median house price of $1,458,500 and $683,900 for units in Q3 2017, resulting in exceptional double digit annual growth figures of 12.8% and 10.3% respectively. In comparison, houses in the Georges River Council area grew by 2.3% to $1,355,000 and units by 5.1% to $686,000. Kogarah proves itself to be a premium market when compared to wider LGA, both in terms of selling price and capital growth.
June 8, 2018, 6:02 a.m.
Kogarah Property Factsheet 1st Half 2017
The Kogarah property market has witnessed exceptional performance over the past 12 months to Q1 2017 with strong demand for housing spurring exceptional annual price growth.