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July 26, 2021, 4:54 a.m.
Macquarie Park Property Market Update 2nd Half of 2021
In Q2 2021, Macquarie Park (which throughout this report includes Macquarie Park, North Ryde, Epping, West Ryde, and Eastwood) recorded a median house price of $2,100,000 and a median unit price of $876,500. This is an annual (Q2 2020 – Q2 2021) median price growth of 23.5% for houses and 6.4% for units. Between Q2 2020 – Q2 2021 total sales increased, by 103.1% for houses (to 197 sales) and by 83.3% for units (to 363 sales). With median price growth and an increase in the number of sales there is real returns in investment. Macquarie Park presents an opportunity for owner-occupiers.
July 26, 2021, 3:40 a.m.
Albury Property Market Update 2nd Half of 2021
In Q2 2021, Albury recorded a median house price of $410,000, and a median vacant land price of $160,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 22.0% for houses and 3.2% for land. Between Q2 2020 and Q2 2021 total sales fluctuated, up by 17.0% for houses (to 282 sales) and by -64.3% for land (to 35 sales). Homeowners can benefit from real returns in investment, as house price growth is accompanied by higher transaction volumes. There is an undersupply in vacant land. Overall, now is ideal to sell as demand is exceeding supply levels in Albury.
July 26, 2021, 3:36 a.m.
Bungendore Property Market Update 2nd Half of 2021
In Q2 2021, Bungendore recorded a median house price of $815,000, and a median vacant land price of $389,000. This represents annual (Q2 2020 –Q2 2021) median price growth of 16.0% for houses and 21.6% for land. Between Q2 2020 and Q2 2021 total sales in both markets slowed, by -3.2% for houses (to 30 sales) and only one recorded sale for vacant land. Price growth in both property types coupled with declining stock indicate a potential undersupply in Bungendore. There is an absence in ready-to-sell stock in the development pipeline, thus now is an ideal time for stand-alone dwelling owners to sell.
July 26, 2021, 1:33 a.m.
Caboolture Property Market Update 1st Half of 2021
In Q1 2021, Caboolture recorded a median house price of $400,000, and a median unit price of $290,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 15.1% for houses and a significant 31.8% growth for units. Between Q1 2020 – Q1 2021 total sales increased, by 45.4% for houses (to 157 sales) and by 40.6% for units (to 45 sales). Median price growth alongside increased sales suggests real returns on capital investment in Caboolture. Now is the time to transact, particularly for owner-occupiers looking to benefit from a highly demanded market.
July 26, 2021, 1:29 a.m.
Mildura Property Market Update 1st Half of 2021
In Q1 2021, Mildura recorded a median house price of $350,000 and a median vacant land price of $185,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 10.2% for houses and significant 40.2% growth for vacant land. Between Q1 2020 – Q1 2021 total sales increased, by 4.4% for houses (to 167 sales) and by 6.1% (to 35 sales) for vacant land. Median price growth alongside increased sales suggests real returns on capital investment in Mildura. Now is the time to transact, particularly for owner-occupiers looking to benefit from a highly demanded market.
July 25, 2021, 11:35 p.m.
Bribie Island Property Market Update 1st Half of 2021
In Q1 2021, Bribie Island recorded a median house price of $579,000, and a median unit price of $384,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 12.4% for houses and 9.1% for units. Between Q1 2020 – Q1 2021 total sales declined, by -13.1% for houses (to 106 sales) and by -1.4% for units (to 73 sales). Median price growth alongside declining sales suggest an undersupplied market, particularly for houses. Now is the time to transact, particularly for owner-occupiers looking to benefit from a highly demanded market.
July 25, 2021, 11:31 p.m.
Buninyong Property Market Update 1st Half of 2021
In Q1 2021, Buninyong recorded a median house price of $730,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 12.1% for houses. Between Q1 2020 – Q1 2021 total sales increased, by 70.0% for houses (to 17 sales). Median price growth and increased sales suggests real returns on capital investment in Buninyong. Most of the residential supply is in the form of land lots, which will suit those wanting to build, however there is an opportunity in the ready-to-sell market. Now is the time to transact, for owner-occupiers looking to benefit from a highly demanded market.
July 25, 2021, 11:27 p.m.
Mackay Property Market Update 1st Half of 2021
In Q1 2021, Mackay* recorded a median house price of $355,000, and a median unit price of $260,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 10.9% for houses and 18.2% for units. Between Q1 2020 – Q1 2021 total sales increased, by 30.7% for houses (to 200 sales) and by 4.3% for units (to 49 sales). Median price growth alongside increased sales suggest there are real returns on capital investment in Mackay*. Now is an ideal time to transact, particularly for vendors looking to benefit from a highly demanded market.
July 25, 2021, 11:23 p.m.
Agnes Water Property Market Update 1st Half of 2021
In Q1 2021, Agnes Water* recorded a median house price of $430,000, and a median unit price of $300,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 15.7% for houses, however units softened by -20.0%. Between Q1 2020 – Q1 2021 total sales in both markets surged, up by 19.2% for houses (to 31 sales) and by 483.3% for units (to 35 sales). There is real returns in the house market, as price growth occurred in conjunction with an increase in sales activity. Thus an ideal time to transact. First home buyers are encouraged to take this affordable opportunity within the unit market.
July 23, 2021, 6:27 a.m.
Tannum Sands Property Market Update 1st Half of 2021
In Q1 2021, Tannum Sands recorded a median house price of $377,000, and a median unit price of $180,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 10.9% for houses, however units softened by -12.2%. Between Q1 2020 – Q1 2021 total sales increased for house, up by 2.3% (to 45 sales), however remained stable for units at 4 sales. There are real returns in capital investment in the house market, as price growth occurred alongside an increase in sales activity. Thus, an ideal time to transact. First home buyers are encouraged to take this affordable opportunity within the unit market.