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Dec. 10, 2020, 5:34 a.m.

Mildura Property Market Update 2nd Half of 2020

In Q3 2020, the Mildura area recorded a median house price of $330,000 and a vacant land median price of $130,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.2% for house and 6.6% for vacant land. Between Q3 2019 – Q3 2020 sales declined by -26.5% for houses (to 119 sales), however vacant land sales increased by 32.3% (to 41 sales). Positive median price growth amidst COVID-19 indicate a resilient market. Now is an opportune time for first home buyers to enter the market and build their dream home, through accessing multiple Federal and State government incentives.

Dec. 10, 2020, 5:27 a.m.

Bargara and Coastal Property Market Update 2nd Half of 2020

In Q3 2020, the Bargara and Coastal area recorded a median house price of $383,000 and a median unit price of $312,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 2.1% for house, and a -20.5% decline for units. Total sales between Q3 2019 – Q3 2020 declined by -31.5% for houses (to 63 sales) and by -3.1% for units (to 31 sales), due to low levels of stock on the market and COVID-19 conditions. Now is an opportune time to enter the market, as positive median house price growth suggest market resilience and units have now become more affordable.

Dec. 10, 2020, 5:23 a.m.

Bundaberg Property Market Update 2nd Half of 2020

In Q3 2020, the Bundaberg area recorded a median house price of $277,000 and a median unit price of $205,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.0% for house, and 6.5% for units. Total sales between Q3 2019 – Q3 2020 declined by -36.0% for houses (to 96 sales) and by -8.7% for units (to 21 sales), however this is due to low levels of stock on the market and/or COVID-19 conditions. Positive median house price growth suggests market resilience in the Bundaberg area, and well positioned for market recovery in 2021. Now is the time to transact.

Dec. 10, 2020, 5:04 a.m.

Coffs Harbour Property Market Update 2nd Half of 2020

In Q3 2020, Coffs Harbour recorded a median house price of $589,500, and a median unit price of $384,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.2% for houses and of 9.7% for units. Between Q3 2019 – Q3 2020 total sales increased, by 10.9% for houses (to 309 sales) and by 6.8% for units (to 110 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 Coffs Harbour, thus creating an ideal market for real estate transactions.

Dec. 10, 2020, 4:59 a.m.

Kogarah Property Market Update 2nd Half of 2020

In Q3 2020, Kogarah recorded a median house price of $1,225,000, and a median unit price of $675,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.3% for houses and of 9.3% for units. Between Q3 2019 – Q3 2020 sales activity slowed, by -1.3% for houses (to 75 sales) and by -10.2% for units (to 150 sales). A slowdown in activity is potentially due to low stock and/or COVID-19 restrictions. Positive growth in median property prices suggest a highly resilient market in Kogarah. With median prices increasing and limited competition on the market, now is the time to sell.

Dec. 9, 2020, 5:56 a.m.

Inner North Property Market Update 2nd Half of 2020

In Q3 2020, the Inner North recorded a median house price of $1,055,000, and a median unit price of $483,450. This represents annual (Q3 2019 – Q3 2020) median price growth of 21.0% for houses and a softening of -19.4% for units. Between Q3 2019 – Q3 2020 property sales increased, by 40.3% for houses (to 101 sales) and by 36.2% for units (to 271 sales). Strong median price growth and increased sales suggest a growing market, particularly for houses, in contrast to COVID-19 predictions. Now is an ideal time to both buy and sell houses in the Inner North.

Dec. 9, 2020, 5:17 a.m.

Wagga Wagga Property Market Update 2nd Half of 2020

In Q3 2020, Wagga Wagga recorded a median house price of $372,250, and a median unit price of $295,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 0.9% for houses and of 13.5% for units. Between Q3 2019 – Q3 2020 total sales increased, by 11.6% for houses (to 337 sales) and by 60.9% for units (to 37 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 Wagga Wagga, thus creating an ideal market for real estate transactions.

Dec. 9, 2020, 4:45 a.m.

Liverpool Property Market Update 2nd Half of 2020

In Q3 2020, Liverpool recorded a median house price of $740,000, and a median unit price of $487,000. This represents annual (Q3 2019 – Q3 2020) median price softening of -1.3% for houses and growth of 0.4% for units. Between Q3 2019 – Q3 2020 total sales slowed, down by -0.6% for houses (to 491 sales) and by -23.4% for units (to 160 sales), potentially due to low stock on the market. Despite a minor slowing in the house market, Liverpool has remained resilient in the face of COVID-19, making now a good time to continue to transact in the market.

Dec. 8, 2020, 6:27 a.m.

Newcastle Property Market Update 2nd Half of 2020

In Q3 2020, Newcastle recorded a median house price of $815,000, and a median unit price of $610,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.9% for houses and of 23.2% for units. Between Q3 2019 – Q3 2020 total sales increased, by 5.6% for houses to 150 sales and by 46.8% for units to 138 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 Newcastle, thus creating an ideal market for real estate transactions.

Dec. 8, 2020, 6:20 a.m.

Kingsgrove Property Market Update 2nd Half of 2020

In Q3 2020, Kingsgrove recorded a median house price of $1,150,000, and a median unit price of $609,500. This represents annual (Q3 2019 – Q3 2020) median price growth of 0.4% for houses and a minor price softening of -1.7% for units. Between Q3 2019 – Q3 2020 sales slowed, by -8.3% for houses (to 122 sales) and by -6.7% for units (to 70 sales). Median prices have shown relative stability despite COVID-19 conditions, and a slowdown in market activity. This creates a good opportunity to transact property in Kingsgrove.