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Dec. 10, 2020, 6:24 a.m.

Hervey Bay Property Market 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.

Dec. 10, 2020, 6:20 a.m.

PRD Maryborough Property Market Update 2nd Half of 2020

In Q3 2020, Maryborough recorded a median house price of $230,000, which represents a median price growth of 3.4% over the past 12 months (Q3 2019 – Q3 2020). During the same period, total sales slightly softened by -1.7%, recording 118 sales. This could be due to a combination of low stock and/or COVID-19 restrictions. That said median price growth amidst COVID-19 shows the resilience within regional markets, as well as potentially with an undersupply in the near future. Now is an ideal time to sell in Maryborough, particularly as there is a shortage in near future residential developments.

Dec. 10, 2020, 6:16 a.m.

Ramsgate Beach Property Market Update 2nd Half of 2020

In Q3 2020, Ramsgate Beach recorded a median house price of $1,500,000, and a median unit price of $712,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 18.7% for houses and 7.5% for units. Between Q3 2019 – Q3 2020 total unit sales increased by 20.2% (to 131 sales), while houses remained steady with 46 sales. Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Ramsgate Beach, thus creating an ideal market for real estate transactions.

Dec. 10, 2020, 5:50 a.m.

Lake Macquarie Property Market Update 2nd Half of 2020

In Q3 2020, Lake Macquarie recorded a median house price of $677,500, and a median unit price of $510,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 5.4% for both houses and units. Between Q3 2019 – Q3 2020 total sales increased, by 17.8% for houses (to 199 sales) and by 11.4% for units (to 49 sales). Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Lake Macquarie, thus creating an ideal market for real estate transactions.

Dec. 10, 2020, 5:40 a.m.

Buninyong Property Update 2nd Half of 2020

In Q3 2020, the Buninyong area recorded a median house price of $623,000. This represents annual (Q3 2019 – Q3 2020) median house price growth of 6.3%. Between Q3 2019 – Q3 2020 sales declined by -53.8% for houses (to 6 sales), however this is potentially due to low levels of stock on the market and/or COVID-19 conditions. Positive median price growth amidst COVID-19 indicate a resilient market, and potentially an undersupply of house stock. Now is an opportune time to transact in the Buninyong market.

Dec. 10, 2020, 5:40 a.m.

Buninyong Property Market Update 2nd Half of 2020

In Q3 2020, the Buninyong area recorded a median house price of $623,000. This represents annual (Q3 2019 – Q3 2020) median house price growth of 6.3%. Between Q3 2019 – Q3 2020 sales declined by -53.8% for houses (to 6 sales), however this is potentially due to low levels of stock on the market and/or COVID-19 conditions. Positive median price growth amidst COVID-19 indicate a resilient market, and potentially an undersupply of house stock. Now is an opportune time to transact in the Buninyong market.

Dec. 10, 2020, 5:34 a.m.

PRD Mildura Property Update 2nd Half of 2020

In Q3 2020, the Mildura area recorded a median house price of $330,000 and a vacant land median price of $130,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.2% for house and 6.6% for vacant land. Between Q3 2019 – Q3 2020 sales declined by -26.5% for houses (to 119 sales), however vacant land sales increased by 32.3% (to 41 sales). Positive median price growth amidst COVID-19 indicate a resilient market. Now is an opportune time for first home buyers to enter the market and build their dream home, through accessing multiple Federal and State government incentives.

Dec. 10, 2020, 5:34 a.m.

Mildura Property Market Update 2nd Half of 2020

In Q3 2020, the Mildura area recorded a median house price of $330,000 and a vacant land median price of $130,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.2% for house and 6.6% for vacant land. Between Q3 2019 – Q3 2020 sales declined by -26.5% for houses (to 119 sales), however vacant land sales increased by 32.3% (to 41 sales). Positive median price growth amidst COVID-19 indicate a resilient market. Now is an opportune time for first home buyers to enter the market and build their dream home, through accessing multiple Federal and State government incentives.

Dec. 10, 2020, 5:28 a.m.

Bargara and Coastal Property Update 2nd Half of 2020

In Q3 2020, the Bargara and Coastal area recorded a median house price of $383,000 and a median unit price of $312,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 2.1% for house, and a -20.5% decline for units. Total sales between Q3 2019 – Q3 2020 declined by -31.5% for houses (to 63 sales) and by -3.1% for units (to 31 sales), due to low levels of stock on the market and COVID-19 conditions. Now is an opportune time to enter the market, as positive median house price growth suggest market resilience and units have now become more affordable.

Dec. 10, 2020, 5:27 a.m.

Bargara and Coastal Property Market Update 2nd Half of 2020

In Q3 2020, the Bargara and Coastal area recorded a median house price of $383,000 and a median unit price of $312,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 2.1% for house, and a -20.5% decline for units. Total sales between Q3 2019 – Q3 2020 declined by -31.5% for houses (to 63 sales) and by -3.1% for units (to 31 sales), due to low levels of stock on the market and COVID-19 conditions. Now is an opportune time to enter the market, as positive median house price growth suggest market resilience and units have now become more affordable.