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Dec. 15, 2020, 6 a.m.
Agnes Water Property Market Update 2nd Half of 2020
In Q3 2020, Agnes Water recorded a median house price of $390,000, and a median unit price of $250,000. This represents annual (Q3 2019 – Q3 2020) median price softening of -6.0% for both property types (house and units). House sales between Q3 2019 – Q3 2020 increased exponentially, by 175.0% (to 33 sales). However, unit sales during this time declined by -27.8% (to 13 sales). Overall, the property market in Agnes Water remained resilient amidst COVID-19, with high demand for houses. The current median price softening indicates an affordable opportunity for first home buyers to enter the market.
Dec. 11, 2020, 2:30 a.m.
Nundah Property Market Update 2nd Half of 2020
In Q3 2020, Nundah recorded a median house price of $800,000 and a median unit price of $405,000. This represents annual (Q3 2019 – Q3 2020) median price stability for both property types throughout COVID-19. However, total sales between Q3 2019 – Q3 2020 strengthened, by 22.7% for houses (to 27 sales) and by 5.5% for units (to 77 sales). This indicates that vendors are comfortable in selling their properties, knowing that they will achieve a great price due to increased demand. Those wanting to enter the market can be encouraged by stable property prices throughout COVID-19.
Dec. 11, 2020, 2:19 a.m.
Mackay Property Market Update 2nd Half of 2020
In Q3 2020, the Mackay area recorded a median house price of $350,000 and a median unit price of $250,000. This represents annual (Q3 2019 – Q3 2020) median price stability for house, however units grew exponentially by 35.0%. Total sales between Q3 2019 – Q3 2020 declined by -7.4% for houses (to 125 sales) and by -10.6% for units (to 42 sales), however this is due to low levels of stock on the market and/or COVID-19 conditions. Positive median unit price growth suggests market resilience in the Mackay area, and well positioned for market recovery in 2021. Now is the time to transact.
Dec. 11, 2020, 2:12 a.m.
Caboolture Property Market Update 2nd Half of 2020
In Q3 2020, Caboolture recorded a median house price of $365,000 and a median unit price of $190,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 5.8% for houses and 5.6% for units. Total sales between Q3 2019 – Q3 2020 softened, by -22.4% for houses (to 83 sales) and by -16.0% for units (to 21 sales). This is due to a combination of low stock on the market and COVID-19 restrictions. That said median price growth for both property types amidst COVID-19 shows market resilience. Now is an ideal time for first home buyers to enter the market, as there is currently less competition.
Dec. 11, 2020, 2:06 a.m.
Tannum Sands Property Market Update 2nd Half of 2020
In Q3 2020, Tannum Sands recorded a median house price of $350,000, and a median unit price of $200,000. This represents annual (Q3 2019 – Q3 2020) median price softening of -4.1% for house, however a 3.1% strengthening for units. House sales between Q3 2019 – Q3 2020 declined by -10.7% (to 25 sales), however demand for units have picked up, recording 6 sales in Q3 2020. Overall, the property market in Tannum Sands remained resilient amidst COVID-19, with real capital growth for units. A softer median house price indicates a more affordable market for first home buyers.
Dec. 10, 2020, 6:24 a.m.
Hervey Bay Property Market Update 2nd Half of 2020
In Q3 2020, Hervey Bay recorded a median house price of $380,000 and a median unit price of $277,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 4.3% for houses and 11.7% for units. Between Q3 2019 – Q3 2020 total sales softened, by -26.5% for houses (to 261 sales) and by -4.2% for units (to 68 sales). This is due to a combination of low stock and COVID-19 restrictions. That said median price growth for both property types amidst COVID-19 shows the resilience within a regional market, potentially with an undersupply. Now is an ideal time to transact in Hervey Bay.
Dec. 10, 2020, 6:20 a.m.
PRD Maryborough Property Market Update 2nd Half of 2020
In Q3 2020, Maryborough recorded a median house price of $230,000, which represents a median price growth of 3.4% over the past 12 months (Q3 2019 – Q3 2020). During the same period, total sales slightly softened by -1.7%, recording 118 sales. This could be due to a combination of low stock and/or COVID-19 restrictions. That said median price growth amidst COVID-19 shows the resilience within regional markets, as well as potentially with an undersupply in the near future. Now is an ideal time to sell in Maryborough, particularly as there is a shortage in near future residential developments.
Dec. 10, 2020, 6:16 a.m.
Ramsgate Beach Property Market Update 2nd Half of 2020
In Q3 2020, Ramsgate Beach recorded a median house price of $1,500,000, and a median unit price of $712,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 18.7% for houses and 7.5% for units. Between Q3 2019 – Q3 2020 total unit sales increased by 20.2% (to 131 sales), while houses remained steady with 46 sales. Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Ramsgate Beach, thus creating an ideal market for real estate transactions.
Dec. 10, 2020, 5:50 a.m.
Lake Macquarie Property Market Update 2nd Half of 2020
In Q3 2020, Lake Macquarie recorded a median house price of $677,500, and a median unit price of $510,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 5.4% for both houses and units. Between Q3 2019 – Q3 2020 total sales increased, by 17.8% for houses (to 199 sales) and by 11.4% for units (to 49 sales). Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Lake Macquarie, thus creating an ideal market for real estate transactions.
Dec. 10, 2020, 5:40 a.m.
Buninyong Property Market Update 2nd Half of 2020
In Q3 2020, the Buninyong area recorded a median house price of $623,000. This represents annual (Q3 2019 – Q3 2020) median house price growth of 6.3%. Between Q3 2019 – Q3 2020 sales declined by -53.8% for houses (to 6 sales), however this is potentially due to low levels of stock on the market and/or COVID-19 conditions. Positive median price growth amidst COVID-19 indicate a resilient market, and potentially an undersupply of house stock. Now is an opportune time to transact in the Buninyong market.