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Australian Economic Property Report 2019

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Nov. 18, 2019, 2:15 a.m.

Camden Haven PRD Market Update 2nd Half of 2019

In Q3 2019 Camden Haven recorded a median house price of $538,500, and a median unit price of $355,000, an annual (Q3 2018 – Q3 2019) median price growth of 8.8% for houses and a softening of -7.2% for units. Total annual sales improved for Q3 2019, up by 31.0% for houses (to 55 sales) and by 100.0% for units (to 10 sales). Low unit sales make this data volatile, but there is a real increase in capital growth for houses as price growth is not due to undersupply.

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Nov. 18, 2019, 1:53 a.m.

Kogarah PRD Market Update 2nd Half of 2019

In Q3 2019, Kogarah recorded a median house price of $1,128,000, and a median unit price of $629,950. This represents annual (Q3 2018 – Q3 2019) median price softening of -10.8% for houses and price stability for units. At the same time, total sales improved for Q3 2019, up by 22.4% for houses (to 71 sales) and by 38.1% for units (to 163 sales). A 6-month price growth is also evident for both property types, thus now an ideal time to transact in Kogarah.

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Nov. 12, 2019, 5:05 a.m.

Kingsgrove Market Update 2nd Half of 2019

In Q3 2019, Kingsgrove recorded a median house price of $1,090,000, and a median unit price of $625,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -5.2% for houses whilst units remained stable. At the same time, total sales in both markets accelerated for Q3 2019, up by 9.3% for houses (to 141 sales) and by 1.5% for units (to 68 sales). Local confidence is returning in Kingsgrove, making now an ideal time to transact in the market.

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Nov. 12, 2019, 4:54 a.m.

Coffs Harbour Market Update 2nd Half of 2019

In Q3 2019, Coffs Harbour recorded a median house price of $529,000, and a median unit price of $390,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -1.1% for houses and price growth of 7.9% for units. At the same time total house sales for Q3 2019 were up by 1.8% to 287 sales, while total unit sales slowed by -2.9% to 102 sales. This suggests the current market continues to offer a positive environment to buy and sell property in.

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Nov. 12, 2019, 4:44 a.m.

Agnes Water Market Update 2nd Half of 2019

In Q3 2019, Agnes Water recorded a median house price of $327,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 5.6% for houses and a price softening of -33.1% for units. At the same time, total sales slowed for Q3 2019, down by -15.4% for houses to 11 sales and by -52.9% for units to 8 sales. There is potentially an undersupply of houses on the market, indicating a good time to sell.

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Nov. 12, 2019, 4:34 a.m.

Bexley North Market Update 2nd Half of 2019

In Q3 2019, Bexley North recorded a median house price of $1,142,500, and a median unit price of $629,000. This represents annual (Q3 2018 – Q3 2019) median price change of -1.9% for houses and price growth of 1.5% for units. At the same time, total sales in both markets lifted for Q3 2019, up by 21.4% for houses to 34 sales and by 40.6% for units to 45 sales. This suggests local confidence has returned, making now an ideal time to transact in the market.

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Nov. 12, 2019, 4:23 a.m.

Burleigh Heads Market Update 2nd Half of 2019

In Q3 2019, Burleigh Heads recorded a median house price of $795,000, and a median unit price of $480,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.8% for houses and a growth of 3.2% for units. At the same time sales transactions slowed, by -31.1% for houses and by -44.3% for units. However, over the last six months Burleigh Heads has begun to see an increase in buyer activity, which has led to a spike in houses prices.

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Nov. 11, 2019, 6:21 a.m.

Q4 2019 Key Market Indicators – Tasmania

There is a changing property landscape in Tasmania (TAS), particularly in terms of home loan affordability and first home buyers. In the March quarter of 2019, TAS recorded a 13.1% annual growth in the number of first home buyer loans, earning it a gold award nationally in the Most Improved Number of First Home Buyer Loans category.

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Nov. 11, 2019, 6:21 a.m.

Q4 2019 Key Market Indicators – South Australia

South Australia (SA) recorded 1,588 first home buyer loans in the June quarter of 2019, which was a 10.2% increase in the past 12 months. Not only does this earn the state a silver award nationally in the Most Improved Number of First Home Buyer Loans category (in the PRD Q4 2019 Key Market Indicator Awards), but it is also in contrast to the -7.6% declining pattern nationwide.

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Nov. 11, 2019, 6:19 a.m.

Q4 2019 Key Market Indicators – Victoria

ictoria (VIC) has earned a gold award nationally in the Highest Nett Migration category in PRD’s Q4 2019 Key Market Indicator Awards, recording an additional 35,227 people in the March quarter of 2019. This represents a 0.9% growth in the past 12 months.