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Australian Economic Property Report 2019

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Nov. 27, 2019, 5:06 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Brisbane

A key finding of this report is that the majority (5 out of 6) of the affordable and liveable suburbs are on the north side of the Brisbane River. These suburbs have the best possible median price growth while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. In the previous 1st Half 2019¥ report, suburbs were spread throughout Brisbane, which suggests that there are now limited options.

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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. 27, 2019, 3:11 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Canberra

A key finding in this report was that units in Canberra were more affordable to residents who wanted to buy in suburbs with high liveability aspects, whereas houses were more expensive. House buyers need to be prepared to pay a 75% premium on top of the Australian Capital Territory (ACT) state average home loan3 to ensure high liveability, whereas unit buyers only needed to pay 10% extra. This is interesting, as the premiums needed to reach the Canberra Metro median price were 65% (houses) and 14% (units). This suggests the need to ensure that affordable housing stock areas are supported by the required infrastructure.

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Nov. 27, 2019, 2:09 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Perth

A key finding in this report was that liveability comes at a high price in Perth. A premium percentage of 140% for houses and 60% for units needed to be added to the average Western Australia (WA) state average home loan3, in order to identify suburbs that satisfy liveability criteria. This is above the levels needed to reach Perth’s median house and unit price (94% for houses and 26% for units). Perth joins Adelaide, Canberra and Hobart in this regard.

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Nov. 22, 2019, 5:14 a.m.

Coolum Beach PRD Market Update 2nd Half 2019

In Q3 2019, Coolum Beach recorded a median house price of $667,000, and a median unit price of $423,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -11.9% for houses and a price growth of 6.5% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -3.0% for houses to 32 sales and by -54.2% for units to 22 sales.

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

Lismore PRD 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. 21, 2019, 1:39 a.m.

Caboolture PRD Market Update 2nd Half 2019

In Q3 2019, Caboolture recorded a median house price of $344,000, and a median unit price of $190,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.4% for houses and a price growth of 18.8% for units. At the same time total sales slowed, by -56.9% for houses (59 sales) and by -33.3% for units (14 sales). Now is an ideal time to transact, with affordable houses for first home buyers and higher capital growth for unit sellers.

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Nov. 21, 2019, 1:27 a.m.

Bribie Island PRD Market Update 2nd Half 2019

In Q3 2019, Bribie Island recorded a median house price of $476,000, and a median unit price of $312,000. This represents annual (Q3 2018 – Q3 2019) median price softening for both property types, of -2.6% for houses and -11.4% for units respectively. At the same time, total sales slowed for Q3 2019, down by -50.4% for houses (to 61 sales) and by -42.2% for units (to 48 sales). Properties in Bribie Island has become more affordable, good news for first home buyers.

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

Dapto PRD Market Update 2nd Half of 2019

In Q3 2019, Dapto recorded a median house price of $570,000, and a median unit price of $520,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -7.3% for houses and -5.5% for units. At the same time, sale transactions increased by 6.1% for houses (to 122 sales) and slowed by -4.8% for units (to 20 sales). Increased affordability and decreased competition from buyers suggest now as a time to consider purchasing property in Dapto.

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Nov. 21, 2019, 12:55 a.m.

Tuggerah PRD Market Update 2nd Half of 2019

In Q3 2019, Hamlyn Terrace recorded a median house price of $587,000, and a median unit price of $430,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.1% for houses and -5.5% for units. At the same time total house sales slowed, by -2.8% for houses (to 451 sales), while units increased by 21.3% (to 97 sales). A more affordable and slower house market suggests now is a good time to transact, benefitting both buyers and sellers.