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Sept. 6, 2020, 10:56 p.m.

Kyogle Property Market Update 2nd Half of 2020

Kyogle recorded a median house price of $335,000 and a median land price of $142,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) stable growth for houses, however land softened by -33.6%. Between Q2 2019 - Q2 2020 demand increased significantly, by 84.2% for houses (to 35 sales), and by 140.0% for land (to 12 sales). Stable house prices and an increase in demand for both property types amidst COVID-19 conditions indicate a resilient market. This instils confidence for current property owners and those looking to purchase in Kyogle. Now is the time to transact.

Sept. 4, 2020, 2:03 a.m.

Glenorchy Property Market Update 1st Half of 2020

In Q4 2019, Glenorchy recorded a median house price of $382,500, and a median unit price of $344,500. This represents annual (Q4 2018 – Q4 2019) median price softening of -0.8% for houses and growth of 34.2% for units. At the same time, total house sales slowed in Q4 2019, down by -23.8% (to 32 sales) while total unit sales increased by 27.3% (to 28 sales). There is a strong appetite for units, verified through high median price growth even with increase in demand. Now is the time for more residential supply to enter the market.

Sept. 4, 2020, 1:51 a.m.

Robina Property Market Update 2nd Half of 2020

Robina recorded a median house price of $685,000 and a median unit price of $445,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 7.0% for houses, however units slightly softened by -1.5%. Between Q2 2019 - Q2 2020 sales increased, by 4.8% for house (to 66 sales) and by -34.4% for units (to 59 sales). Units experienced a decline in demand and cooling market conditions due to COVID-19, however houses was resilient throughout. There are still great opportunities for first home buyers to enter the market, with ample of government incentives at hand.

Sept. 4, 2020, 1:40 a.m.

New Norfolk Property Market Update 1st Half of 2020

In Q4 2019, New Norfolk recorded a median house price of $316,000, and a median vacant land price of $85,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 19.2% for houses and 24.6% for land. Total house sales markets slowed annually, down by -31.3% to 22 sales while land sales increased by 20.0% for to 6 sales in Q4 2019. Limited land sales make this data volatile, however the market presents excellent value. There is a shortage of houses on the market, now is the time to capitalise on price growth.

Sept. 4, 2020, 1:30 a.m.

Toowoomba Property Market Update 2nd Half of 2020

Toowoomba recorded a median house price of $390,000 and a median unit price of $303,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median house price softened by -2.5%, however median unit price grew by 9.7%. In Q2 2019 - Q2 2020 total sales declined, by -9.3% for house (to 456 sales) and by -28.0% for units (to 72 sales). A decline in demand was expected due to COVID-19. However, a slight cooling in median house price and an increase for units indicates a resilient market. With a slightly more affordable house market and less competition, now is an ideal time to enter the market.

Sept. 4, 2020, 1:23 a.m.

Toowoomba Property Market Update 1st Half 2020

Toowoomba recorded a median house price of $398,000 and a median unit price of $275,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 0.5% for houses and a softening of -8.3% for units. Between Q4 2018 – Q4 2019 total sales declined, by -9.2% for houses (to 524 sales) and by -10.6% for units (to 110 sales). There is potential undersupply in the house market, as less sales are returning capital growth. Now is an ideal time for first home buyers as there is less competition in the market.

Sept. 4, 2020, 12:41 a.m.

Norwest Property Market Update 1st Half of 2020

Positioned approximately 30km north-west of Sydney, Norwest is an area which encapsulates the suburbs of Baulkham Hills, Rouse Hill, Castle Hill, and Bella Vista. These suburbs are noted particularly for their commercial precincts, which include office and retail uses, as well as strata industrial properties.

Sept. 3, 2020, 11:31 p.m.

Palm Beach Property Market Update 1st Half 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.

Sept. 3, 2020, 11:19 p.m.

Whitsundays Property Market Update 2nd Half of 2020

Whitsundays recorded a median house price of $462,000 and a median unit price of $275,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median price for houses was stable, however units grew by 13.4%. In Q2 2019 - Q2 2020 sales declined, by -27.5% for house (to 29 sales) and by -30.0% for units (to 28 sales). A decline in demand was expected due to COVID-19, but stable price growth for houses and an increase for units indicates a highly resilient market. Now is an ideal time to transact, whilst there is less competition.

Sept. 3, 2020, 11:10 p.m.

Ingleburn Property Market Update 2nd Half of 2020

In Q2 2020, Ingleburn recorded a median house price of $679,750, and a median unit price of $442,500. This represents annual (Q2 2019 – Q2 2020) median price growth of 6.2% for houses and of 6.6% for units. Between Q2 2019 – Q2 2020 total house sales slowed by -36.4% to 147 sales, while units increased by 9.8% to 67 sales. Price growth in Ingleburn indicate resilience in property value amidst COVID-19, as does the increase in unit sales. With price growth occurring and limited competition, now is the time to transact.