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May 14, 2020, 11:35 p.m.
Lismore Market Update 1st Half of 2020
In Q1 2020, Lismore recorded a median house price of $422,000, and a median unit price of $325,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses and 21.5% for units. Between Q1 2019 – Q1 2020 total sales slowed for house, by -11.7% to 144 sales, but increased for units, by 92.9% to 27 sales. The property market in Lismore is showing signs of growth, particularly for units. There is a unique opportunity for house owners, whereby they can be more confident of their property value.
May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.
April 15, 2020, 12:54 a.m.
Palm Beach Market Update 1st Half of 2020
Palm Beach recorded a median house price of $907,000 and a median unit price of $552,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 6.5% for houses and 14.7% for units. Between Q4 2018 – Q4 2019, total sales strengthened by 11.8% for houses (to 38 sales) and by 4.8% for units (to 66 sales). The Palm Beach market is strong, with an increase in demand and high capital growth. Now is the time to transact in the market, particularly for first home buyers before prices become unaffordable.
April 15, 2020, 12:47 a.m.
Tumbarumba PRD Market Update 1st Half of 2020
In the 2nd half of 2019, Tumbarumba recorded a median house price of $189,000, and a median vacant land price of $47,500. This represents an annual (2nd half of 2018 – 2nd half of 2019) median price softening of -1.6% for houses and growth of 5.5% for vacant land. During this time sales slowed, by -33.3% for houses (to 30 sales) and by -37.5% for land (to 10 sales). Limited land sales make this data more volatile, however Tumbarumba remains a highly affordable option for home and land buyers alike.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 26, 2020, 6:19 a.m.
Robina PRD Market Update 1st Half of 2020
Robina recorded a median house price of $740,000 and a median unit price of $465,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 9.4% for houses and 3.3% for units. Between Q4 2018 – Q4 2019 total sales strengthened by 5.6% for houses (to 57 sales) and by 11.1% for units (to 100 sales). Current market conditions in Robina have started to strengthen, as demand is beginning to increase. Robina is heading towards a recovery and now is the time for buyers and sellers to transact.
March 26, 2020, 6:13 a.m.
Runaway Bay PRD Market Update 1st Half of 2020
Runaway Bay recorded a median house price of $735,000 and a median unit price of $450,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price softening of -2.4% for houses and growth of 0.4% for units. Between Q4 2018 – Q4 2019 total sales strengthened by 38.3% for houses (to 112 sales) and by 14.1% for units (to 211 sales). Market conditions in Runaway Bay have started to recover, with demand increasing. Now is the time for first home buyers to enter the market, while prices are still affordable.
March 26, 2020, 6:07 a.m.
Tumut PRD Market Update 1st Half of 2020
In Q4 2019, Tumut recorded a median house price of $295,000, and a median vacant land price of $131,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 31.1% for houses and 27.8% for vacant land. Despite a recent slowdown in the number of sales, to 51 for houses and 7 for vacant land in Q4 2019, overall 2019 saw the highest number of recorded transactions in over 17 years in Tumut. Now is the time to transact, as there is less competition for buyers and proven capital growth for home owners.
March 20, 2020, 5:02 a.m.
Kyogle PRD Market Update 1st Half of 2020
In Q4 2019 Kyogle recorded a median house price of $305,000 and a median land price of $172,000. This represents annual (Q4 2018 – Q4 2019) median price softening of -12.9% for houses and a growth of 13.2% for land. Over the same period, demand softened for houses by -32.5% (to 27 sales), however land demand was stable (at 7 sales in Q4 2019). Current market conditions in Kyogle provides great opportunity for first home buyers, as there is less competition and higher affordability in the housing market.