PRD Lismore

72 Molesworth Street, Lismore, NSW 2480

02 6624 7700

PRD Kyogle

81 Summerland Way Kyogle, NSW, 2474

02 6632 3380

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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.

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Nov. 21, 2019, 1:51 a.m.

Lismore Property Market Update 2nd Half of 2019

In Q3 2019, Lismore recorded a median house price of $416,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% for houses and a growth of 14.6% for units. Between Q3 2018-Q3 2019 total house sales slowed by -20.9%, to 167 sales in Q3 2019, and total unit sales remained stable, at 21 sales in Q3 2019. That said there has been a slight lift in market confidence in the past 6 months.

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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)

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Sept. 16, 2019, 1:44 a.m.

Kyogle Property Market Report 2nd Half of 2019

In Q2 2019, Kyogle recorded a median house price of $300,000, and a median vacant land price of $165,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -11.8% for house and -1.5% for land. During this time total sales slowed, by -35.7% for house (to 18 sales) and by -62.5% for vacant land (to 3 sales). Limited sales makes the market seem more volatile. Higher affordability and less competition creates an ideal environment for buyers to act.

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Aug. 28, 2019, 6:33 a.m.

Q3 2019 Key Market Indicators – New South Wales

ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.

Factsheet 1st Half 2019

July 4, 2019, 6:46 a.m.

Northern Rivers Property Factsheet 1st Half of 2019

The Northern Rivers* area recorded a median house price of $410,000 in Q1 2019, and a median unit price of $330,000. This represents annual (Q1 2018 – Q1 2019) price shifts of -6.3% (house) and 5.8% (unit). These figures indicate units have shown superior short-term capital growth retention capacity, whilst houses have become more affordable for first time home buyers.

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June 27, 2019, 6:34 a.m.

Sydney - Affordable & Liveable Property Guide 1st Half 2019

Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.

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June 3, 2019, 3:37 a.m.

Kyogle Property Factsheet 2nd Half 2018

Compared to the wider Kyogle Local Government Area (LGA), houses are secured at a premium price in the Kyogle property market, and with stronger annual growth. This is good news for owner-occupiers and investors who are seeking a property market with reliable growth.

Factsheet 1st Half 2019

June 3, 2019, 3:37 a.m.

Kyogle Property Factsheet 1st Half of 2019

Q4 2018 saw Kyogle record a median house price of $270,000. This represents an annual (Q4 2017 – Q4 2018) price softening of -2.7%. The 2nd Half 2018 Kyogle Property Factsheet reported an annual (Q2 2017 – Q2 2018) media price growth of 5.2% for houses. Thus, the last 6 months has resulted in improved affordability within the area. In the 12 months to Q4 2018, the number of house sales recorded in Kyogle softened by 54.7% to sit at 10 sales for the quarter. This suggests there is limited supply in Kyogle, meaning buyers should act quickly to secure property.

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June 3, 2019, 3:37 a.m.

Kyogle Property Factsheet 1st Half 2017

Kyogle offers buyers a more affordable entry price compared to nearby towns, without compromising on positive annual growth. Demand is increasing, resulting in properties selling faster and often at full asking price. Low vacancy rates of 0.8% suggests investors can be confident of future returns.