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Australian Economic Property Report 2019

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Factsheet 1st Half 2019

Sept. 20, 2019, 7:03 a.m.

PRD Caboolture Research Factsheet 1st Half 2019

Caboolture recorded a median house price of $325,000 and $180,000 for units in Q1 2019. These figures represented an annual (Q1 2018-Q1 2019) price softening of -4.4% for house and -17.7% for units. Compared to the Caboolture 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price change of 0.9% (house) and -7.5% (units), properties in in Caboolture have now become more affordable. This is good news for first home buyers.

Factsheet 1st Half 2019

Sept. 20, 2019, 6:41 a.m.

Marsden Research Factsheet 1st Half of 2019

Marsden recorded a median house price of $366,000 and $240,000 for units in Q1 2019, which represented an annual (Q1 2018- Q1 2019) price softening of -4.9% and -15.8% respectively. When compared to the Marsden 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price change of 4.0% (house) and 6.0% (units), properties in Marsden* have become more affordable.

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Sept. 20, 2019, 6:20 a.m.

Hunter Valley PRD Market Update 2nd Half of 2019

In Q2 2019, Hunter Valley recorded a median house price of $485,000 and a median unit price of $330,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 4.3% for houses and a price softening of -4.3% for units. At the same time, total sales slowed for Q2 2019, by -29.4% for houses to 197 sales and by -59.4% for units to 13 sales. Now is the time to consider selling your home, with prices increasing and reduced local competition.

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Sept. 20, 2019, 6:08 a.m.

Norwest PRD Market Update 2nd Half of 2019

The median sale price for commercial property in Norwest was $7,122 per sqm as of Q2 2019. This represents a half-yearly (Q4 2018 – Q2 2019) price softening of -7.5%. The variations in median price per sqm are attributed to the various commercial offerings transacted in Norwest across the period, as well as limited transaction volumes (with a total of 18 commercial sales occurring in Q2 2019).

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Sept. 16, 2019, 6:51 a.m.

Southport PRD Market Report 2nd Half 2019

In Q2 2019, Southport recorded a median house price of $560,000 (59 sales), and a median unit price of $372,000 (95 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -3.8% (houses) and strengthening of 2.8% (units). In this time sales slowed, by -27.2% (houses) and -46.4% (units). The house market has become more affordable, ideal for first time home buyers. The unit market is now under-supplied, an opportunity for owners to sell.

Factsheet 1st Half 2019

Sept. 16, 2019, 6:34 a.m.

Ramsgate Beach Research Factsheet 1st Half of 2019

Ramsgate Beach* recorded median prices of $1,135,000 (house) and $630,000 (unit) in Q1 2019. This represented annual (Q1 2018 – Q1 2019) price softening of -23.3% and -12.0% for houses and units respectively. Compared to the Ramsgate Beach 2nd Half 2018 Research Factsheet, which reported annual (Q3 2017 – Q3 2018) price changes of -3.8% (house) and 2.0% (unit), both houses and units have become more affordable in Ramsgate Beach*.

Factsheet 1st Half 2019

Sept. 16, 2019, 6:29 a.m.

Kingsgrove Research Factsheet 1st Half of 2019

Kingsgrove recorded a median house price of $1,126,500 in Q1 2019, representing an annual (Q1 2018-Q1 2019) softening of -12.0%. Median unit price was $628,500; which represented a relatively stable growth. Compared to the Kingsgrove Research Factsheet 2nd half 2018, which reported an annual (Q3 2017-Q3 2018) price growth of -12.1% (house) and 4.7% (units), houses have maintained its value whereas units have become more affordable. This is a comfort to house owners and an opportunity for those wanting to enter the unit market.

Factsheet 1st Half 2019

Sept. 16, 2019, 6:21 a.m.

Bexley North Research Factsheet 1st Half of 2019

Bexley North recorded a median house price of $1,150,850 and a median unit price of $706,250 in Q1 2019. This represents an annual (Q1 2018 – Q1 2019) change of -4.6% (house) and -3.5% (units). Compared to Bexley North Research Factsheet 2nd half 2018, which reported an annual (Q3 2017 – Q3 2018) median price change of -8.9% (house) and -0.8% (units), houses in Bexley North has strengthened in value whereas units have become more affordable. Overall there is a softening in property price within the market, which is beneficial for first home buyers.

Factsheet 1st Half 2019

Sept. 16, 2019, 2:18 a.m.

Ettalong Beach Research Factsheet 1st Half 2019

Ettalong Beach recorded a median house price of $763,000 and median unit price of $548,000 in Q1 2019, which represented annual (Q1 2018 – Q1 2019) price softening of -4.6% (house) and -13.0% (units). Compared to the Ettalong Beach 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017-Q4 2018) price change of 0.3% (house) and -5.6% (units), properties in Ettalong Beach have become more affordable. An increase in price affordability is currently a widespread trend across New South Wales (NSW) regions, due to a softening in Sydney Metro. Thus, Ettalong Beach is performing on par with other NSW areas, good for first time home buyers.

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Sept. 16, 2019, 2 a.m.

Tweed Coast PRD Market Report 2nd Half of 2019

In Q2 2019, Tweed Coast recorded a median house price of $850,000 (43 sales), and a median unit price of $450,000 (86 sales). This represents annual (Q2 2018 – Q2 2019) median price strengthening of 0.6% for houses and a softening of -19.6% for units. During this time house sales slowed by -51.1%, however unit sales strengthened by 26.5%. The Tweed Coast unit market has become more affordable, whereas the house market is now under-supplied