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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.

Sept. 3, 2020, 5:04 a.m.

Broome Property Market Update 2nd Half of 2020

In the 1st half of 2020, Broome recorded a median house price of $435,000, and a median unit price of $253,750. This represents annual (H1 2019 – H1 2020) median price softening of -3.3% for houses and price growth of 2.5% for units. During this time total sales slowed, by -34.9% for houses (to 41 sales) and by -20.0% for units (to 8 sales). Broome property market price growth has proven to be relatively resilient during COVID-19, and with few competing properties now is the time to transact in the market.

Sept. 3, 2020, 4:57 a.m.

Beverly Hills Property Market Update 2nd Half of 2020

In Q2 2020, Beverly Hills recorded a median house price of $1,217,500, and a median unit price of $756,500. This represents strong annual (Q2 2019 – Q2 2020) median price growth of 25.2% for houses and of 41.4% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -28.3% for houses (to 33 sales) and by -53.8% for units (to 12 sales). Beverly Hills property market price growth has proven to be extremely resilient during COVID-19, and with few competing properties now is the time to transact in the market.

Sept. 3, 2020, 4:40 a.m.

Burleigh Heads Property Market Update 2nd Half of 2020

Burleigh Heads recorded a median house price of $785,000 and a median unit price of $490,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 0.6% for houses, and stable growth for units. Between Q2 2019 - Q2 2020 sales declined, by -38.2% for house (to 110 sales) by -57.5% for units (to 114 sales). Market conditions shows clear signs of resilience throughout COVID-19, as price growth remained stable despite a decline in sales. Now is the time for first home buyers to enter the market.

Sept. 3, 2020, 4:18 a.m.

Tannum Sands Property Market Update 1st Half of 2020

In Q1 2020, Tannum Sands recorded a median house price of $341,000, and median unit price of $205,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses, and slight softening for units by -2.4%. Between Q1 2019 – Q1 2020 total sales increased for houses, by 30.3% to 43 sales, however demand for units were at 4 sales. The Tannum Sands property market is showing signs of resilience, particularly in the house market as the increase in price was not due to less stock, signifying real capital growth.

Sept. 3, 2020, 4:09 a.m.

Nundah Property Market Update 1st Half of 2020

In Q1 2020, Nundah recorded a median house price of $793,000, and median unit price of $365,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 3.0% for houses and a softening of -8.8% for units. Between Q1 2019 – Q1 2020 total sales declined for houses, by -17.4% to 19 sales, however sales increased for units, by 22.2% to 66 sales. Nundah shows signs of resilience and unique opportunities, as house owners can be more confident of their asset value and unit buyers can find more affordable properties.

Sept. 3, 2020, 4:03 a.m.

Wagga Wagga Property Market Update 1st Half of 2020

In Q1 2020, Wagga Wagga recorded a median house price of $371,500, and a median unit price of $271,750. This represents annual (Q1 2019 – Q1 2020) median price growth of 0.8% for houses and a very slight price softening of just -0.1% for units. Between Q1 2019 – Q1 2020 total sales in both markets improved, by 8.8% for houses (to 260 sales) and by 55.6% for units (to 28 sales). With steady to moderate price growth and increased sales activity, Wagga Wagga proves itself as a resilient market. Now is the time to transact.

Sept. 3, 2020, 3:57 a.m.

Maryborough Property Market Update 1st Half of 2020

In Q1 2020, Maryborough recorded a median house price of $230,000. This represents annual (Q1 2019 – Q1 2020) median house price growth of 1.0%. Further, between Q1 2019 – Q1 2020 total house sales increased by 19.4% (to 129 sales). The Maryborough property market continue to show resilience and real capital growth, as an increase in price was not due to an undersupply in housing stock. Maryborough is an ideal market for both first home buyers and investors, as it provides both affordability and capital growth.

Sept. 3, 2020, 3:51 a.m.

Central Coast Property Market Update 1st Half of 2020

In Q1 2020, Hamlyn Terrace recorded a median house price of $620,000, and a median unit price of $465,000. This is an annual (Q1 2019 – Q1 2020) median price growth of 5.1% for houses and a price softening of -2.1% for units. Between Q1 2019 – Q1 2020 total house sales slowed by -8.5% (to 377 sales), while unit sales increased by 1.2% (to 82 sales). Opportunities exists in both markets. With the median house price increasing despite less sales, now is the time to sell. Unit buyers can benefit from more affordable pricing.

Sept. 3, 2020, 3:44 a.m.

Port Stephens Property Market Update 1st Half of 2020

In Q1 2020, Port Stephens recorded a median house price of $695,000, and a median unit price of $460,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.2% for houses and of 3.7% for units. Between Q1 2019 – Q1 2020 total sales in both markets increased, by 4.4% for houses (to 95 sales) and by 9.7% for units to 68 sales. The Port Stephens market has proven to be resilient with real capital growth, as both market sales and prices increased simultaneously. Now is an ideal time to transact in Port Stephens.