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Sept. 3, 2020, 6:21 a.m.

Tumbarumba Property Market Update 2nd Half of 2020

In H1 2020, Tumbarumba recorded a median house price of $227,500, and a median vacant land price of $65,000. This represents annual (H1 2019 – H1 2020) median price growth of 24.3% for houses and of 41.3% for land. During H1 2019 – H1 2020 total sales slowed, by -40.0% for houses (to 15 sales) and by -81.3% for land (to just 3 sales). Slowing in sales activity is expected due to COVID-19, however median price growth recorded during this time suggest the strong value of properties in the area, and potentially pent-up demand.

Sept. 3, 2020, 6:10 a.m.

Tweed Coast Property Market Update 2nd Half of 2020

Tweed Coast recorded a median house price of $905,000 and a median unit price of $587,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price softening of -0.3% for houses, however units grew by 15.1%. Between Q2 2019 - Q2 2020 sales declined, by -11.3% for house (to 55 sales) and by -47.4% for units (to 40 sales). A decline in demand and cooling market conditions were expected due to COVID-19, however there is price resilience in the market. Now is an ideal opportunity for first home buyers to enter the market, with less competition and government incentives.

Sept. 3, 2020, 6:04 a.m.

Hurstville Property Market Update 2nd Half of 2020

In Q2 2020, Hurstville recorded a median house price of $1,638,000, and a median unit price of $760,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 26.0% for houses and of 11.9% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -37.0% for houses (to 17 sales) and by -30.6% for units (to 43 sales). High price growth shows market resilience and value amidst COVID-19. Currently there is limited competition in the market, thus now is an ideal time to transact in Hurstville.

Sept. 3, 2020, 5:58 a.m.

Hurstville Property Market Update 1st Half of 2020

In Q4 2019, Hurstville recorded a median house price of $1,435,000 and a median unit price of $680,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 26.4% for houses and a softening of -14.5% for units. Between Q4 2018 – Q4 2019 house sales increased by 45.0% (29 sales) and unit sales increased by 15.3% (68 sales), indicating an increase in demand and market recovery in Hurstville. That said units in Hurstville have become more affordable, making now a good opportunity to enter the market.

Sept. 3, 2020, 5:48 a.m.

Coolangatta PRD Market Update 2nd Half of 2020

Coolangatta recorded a median house price of $661,000 and a median unit price of $425,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 2.1% for houses, and a softening of -2.9% for units. Between Q2 2019 - Q2 2020 sales declined, by -44.7% for house (to 954 sales) and by -53.7% for units (to 977 sales). Market conditions shows signs of resilience throughout COVID-19, with positive price growth for houses and only a slight softening for units, despite the expected decline in demand.

Sept. 3, 2020, 5:42 a.m.

Hunter Valley Property Market Update 2nd Half of 2020

In Q2 2020, Hunter Valley recorded a median house price of $470,000, and a median unit price of $325,000. This represents a slight annual (Q2 2019 – Q2 2020) median price softening of -3.1% for houses and growth of 1.6% for units. Between Q2 2019 – Q2 2020 total house sales slowed, by -9.7% (to 155 sales), while unit sales increased by 45.5% (to 16 sales). Overall, the Hunter Valley market remains in a fairly steady position amidst COVID-19 conditions, which is encouraging for current owners and perspective buyers.

Sept. 3, 2020, 5:32 a.m.

Southport Property Market Update 2nd Half of 2020

Southport recorded a median house price of $545,000 and a median unit price of $382,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median price for houses softened by -9.0%, however units grew by 2.0%. Between Q2 2019 - Q2 2020 sales declined, by -48.8% for house (to 44 sales) and by -52.8% for units (to 159 sales). There is market resilience throughout COVID-19, as price grew for units, and aligned with most expectations, demand declined. Now is ideal for first home buyers, particularly with more affordable house prices.

Sept. 3, 2020, 5:25 a.m.

Tumut Property Market Update 2nd Half of 2020

In Q2 2020, Tumut recorded a median house price of $260,000, and a median vacant land price of $75,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 5.6% for land and a price softening of -6.5% for houses. Between Q2 2019 – Q2 2020 total sales slowed, by -5.5% for houses (to 55 sales) and by -55.6% for land to 4 sales. These conditions are expected due to current COVID-19 limitations. With limited competing stock in the market, buyers must act quickly in Tumut to capitalise on its affordability.

Sept. 3, 2020, 5:18 a.m.

Bungendore Property Market Update 2nd Half of 2020

In Q2 2020, Bungendore recorded a median house price of $780,000, and a median vacant land price of $339,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 5.8% for houses and of 10.2% for units. During Q2 2019 – Q2 2020, total house sales improved, by 33.3% to 24 sales, while 3 vacant land sales were recorded. Overall, this suggests Bungendore as a highly resilient market during COVID-19 conditions, particularly with median house price growth and increased sales activity. Now is the time to transact.

Sept. 3, 2020, 5:12 a.m.

Ashmore Property Market Update 2nd Half of 2020

Ashmore recorded a median house price of $580,000 and a median unit price of $353,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median price for houses was stable, however units grew by 8.3%. Between Q2 2019 - Q2 2020 sales declined, by -48.3% for house (to 30 sales) and by -53.7% for units (to 25 sales). Current market conditions shows clear signs of resilience throughout COVID-19, as price growth remained stable despite a decline in demand. This is a great opportunity for those looking to enter the Ashmore market.