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Feb. 3, 2021, 11 a.m.

Major City Market Update 1st Half 2021

The PRD Major City Market Update 1st Half 2021 reports are available for Brisbane, Sydney, Melbourne, Hobart, Canberra, Perth, and Gold Coast. These reports provide key statistical information for first home buyers, investors, and the property industry.

Dec. 15, 2020, 6 a.m.

Agnes Water Property 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. 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.

PRD Nundah Property 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, 2:30 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 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, 2:12 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, 6:25 a.m.

Hervey Bay Property 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.