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March 26, 2020, 6:19 a.m.

Robina PRD Market Update 1st Half of 2020

Robina recorded a median house price of $740,000 and a median unit price of $465,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 9.4% for houses and 3.3% for units. Between Q4 2018 – Q4 2019 total sales strengthened by 5.6% for houses (to 57 sales) and by 11.1% for units (to 100 sales). Current market conditions in Robina have started to strengthen, as demand is beginning to increase. Robina is heading towards a recovery and now is the time for buyers and sellers to transact.

March 26, 2020, 6:13 a.m.

Runaway Bay PRD Market Update 1st Half of 2020

Runaway Bay recorded a median house price of $735,000 and a median unit price of $450,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price softening of -2.4% for houses and growth of 0.4% for units. Between Q4 2018 – Q4 2019 total sales strengthened by 38.3% for houses (to 112 sales) and by 14.1% for units (to 211 sales). Market conditions in Runaway Bay have started to recover, with demand increasing. Now is the time for first home buyers to enter the market, while prices are still affordable.

March 26, 2020, 6:07 a.m.

Tumut PRD Market Update 1st Half of 2020

In Q4 2019, Tumut recorded a median house price of $295,000, and a median vacant land price of $131,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 31.1% for houses and 27.8% for vacant land. Despite a recent slowdown in the number of sales, to 51 for houses and 7 for vacant land in Q4 2019, overall 2019 saw the highest number of recorded transactions in over 17 years in Tumut. Now is the time to transact, as there is less competition for buyers and proven capital growth for home owners.

March 20, 2020, 5:02 a.m.

Kyogle PRD Market Update 1st Half of 2020

In Q4 2019 Kyogle recorded a median house price of $305,000 and a median land price of $172,000. This represents annual (Q4 2018 – Q4 2019) median price softening of -12.9% for houses and a growth of 13.2% for land. Over the same period, demand softened for houses by -32.5% (to 27 sales), however land demand was stable (at 7 sales in Q4 2019). Current market conditions in Kyogle provides great opportunity for first home buyers, as there is less competition and higher affordability in the housing market.

March 20, 2020, 2:01 a.m.

Albury PRD Market Update 1st Half of 2020

In Q4 2019, Albury recorded a median house price of $372,500, and a median vacant land price of $147,500. This represents annual (Q4 2018 – Q4 2019) median price growth of 6.4% for houses and price stability for vacant land. At the same time, total sales in both markets slowed for Q4 2019, down by -5.2% for houses to 237 sales and by -37.5% for vacant land to 40 sales. Capital growth and less sales competition makes now an ideal time to sell in Albury.

March 20, 2020, 1:54 a.m.

Casino PRD Market Update 1st Half of 2020

In Q4 2019 Casino recorded a median house price of $275,000 and a median unit price of $239,000. This represents annual (Q4 2018 – Q4 2019) median price softening of -7.3% for houses and -22.9% for units. Over the same period, demand slightly increased for houses by 6.0% (to 53 sales), however units declined in sales by -28.6% (to 5 sales). Property prices in Casino are currently more affordable, indicating that now is an ideal time for first home buyers to enter the market.

March 20, 2020, 1:44 a.m.

Bungendore PRD Market Update 1st Half of 2020

In Q4 2019, Bungendore recorded a median house price of $670,000, and a median vacant land price of $320,000. This represents an annual (Q4 2018 – Q4 2019) median price softening of -1.3% for houses and median price growth of 1.7% for vacant land. In this time total sales for houses improved by 43.5% (to 33 sales in Q4 2019) whilst vacant land sales were steady (9 sales in Q4 2019). With underlying land values and demand for houses increasing the Bungendore market is in good health to buy and sell in.

March 20, 2020, 1:36 a.m.

Coolangatta PRD Market Update 1st Half of 2020

Coolangatta recorded a median house price of $650,000 and a median unit price of $420,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 1.6% for houses and a softening of -5.6% for units. Between Q4 2018 – Q4 2019, total sales declined by -17.1% (to 1359 sales) for houses and by -19.8% (to 1680 sales) for units. There is currently less competition in Coolangatta and a more affordable unit price, which provides a great opportunity for first home buyers to enter the market.

March 20, 2020, 1:31 a.m.

Tweed Heads PRD Market Update 1st Half of 2020

Tweed Heads recorded a median house price of $670,000 and a median unit price of $430,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 2.1% for houses and a slight softening of -0.8% for units. Between Q4 2018 – Q4 2019, total sales increased by 11.1% (to 339 sales) for houses and by 21.4% (to 250 sales) for units. Market conditions in Tweed Heads shows clear signs of positivity, with an increase in demand and capital growth. Now is the time to buy and/or sell in Tweed Heads.

March 20, 2020, 1:22 a.m.

Ingleburn PRD Market Update 1st Half of 2020

In Q4 2019, Ingleburn recorded a median house price of $660,000 and a median unit price of $440,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 1.9% for houses and 1.4% for units. At the same time, total sales in both markets improved for Q4 2019, by 13.7% for houses to 240 sales and by 7.0% for units to 76 sales. The Ingleburn market is recovering, with an increase in demand and capital growth for both property types. Now is the time to transact in Ingleburn, before prices become unaffordable.