Research Hub

Search Articles

Featured Research

PRD Real Estate - Your Home Of Property Research Knowledge

Dec. 10, 2020, 5:23 a.m.

Bundaberg Property Market Update 2nd Half of 2020

In Q3 2020, the Bundaberg area recorded a median house price of $277,000 and a median unit price of $205,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.0% for house, and 6.5% for units. Total sales between Q3 2019 – Q3 2020 declined by -36.0% for houses (to 96 sales) and by -8.7% for units (to 21 sales), however this is due to low levels of stock on the market and/or COVID-19 conditions. Positive median house price growth suggests market resilience in the Bundaberg area, and well positioned for market recovery in 2021. Now is the time to transact.

Dec. 10, 2020, 5:04 a.m.

PRD Coffs Harbour Property Update 2nd Half of 2020

In Q3 2020, Coffs Harbour recorded a median house price of $589,500, and a median unit price of $384,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.2% for houses and of 9.7% for units. Between Q3 2019 – Q3 2020 total sales increased, by 10.9% for houses (to 309 sales) and by 6.8% for units (to 110 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 Coffs Harbour, thus creating an ideal market for real estate transactions.

Dec. 10, 2020, 5:04 a.m.

Coffs Harbour Property Market Update 2nd Half of 2020

In Q3 2020, Coffs Harbour recorded a median house price of $589,500, and a median unit price of $384,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.2% for houses and of 9.7% for units. Between Q3 2019 – Q3 2020 total sales increased, by 10.9% for houses (to 309 sales) and by 6.8% for units (to 110 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 Coffs Harbour, thus creating an ideal market for real estate transactions.

Dec. 10, 2020, 4:59 a.m.

Kogarah Property Market Update 2nd Half of 2020

In Q3 2020, Kogarah recorded a median house price of $1,225,000, and a median unit price of $675,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.3% for houses and of 9.3% for units. Between Q3 2019 – Q3 2020 sales activity slowed, by -1.3% for houses (to 75 sales) and by -10.2% for units (to 150 sales). A slowdown in activity is potentially due to low stock and/or COVID-19 restrictions. Positive growth in median property prices suggest a highly resilient market in Kogarah. With median prices increasing and limited competition on the market, now is the time to sell.

Dec. 9, 2020, 5:56 a.m.

Inner North Property Market Update 2nd Half of 2020

In Q3 2020, the Inner North recorded a median house price of $1,055,000, and a median unit price of $483,450. This represents annual (Q3 2019 – Q3 2020) median price growth of 21.0% for houses and a softening of -19.4% for units. Between Q3 2019 – Q3 2020 property sales increased, by 40.3% for houses (to 101 sales) and by 36.2% for units (to 271 sales). Strong median price growth and increased sales suggest a growing market, particularly for houses, in contrast to COVID-19 predictions. Now is an ideal time to both buy and sell houses in the Inner North.

Dec. 9, 2020, 5:17 a.m.

Wagga Wagga Property Market Update 2nd Half of 2020

In Q3 2020, Wagga Wagga recorded a median house price of $372,250, and a median unit price of $295,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 0.9% for houses and of 13.5% for units. Between Q3 2019 – Q3 2020 total sales increased, by 11.6% for houses (to 337 sales) and by 60.9% for units (to 37 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 Wagga Wagga, thus creating an ideal market for real estate transactions.

Dec. 9, 2020, 5:05 a.m.

Panania Property Market Update 2nd Half of 2020

In Q3 2020, Panania recorded a median house price of $990,000, and a median unit price of $831,500. This represents annual (Q3 2019 – Q3 2020) median price growth of 4.2% for houses and a 14.7% for units. Between Q3 2019 – Q3 2020 total house sales softened, by -29.2% (to 126 sales), while units remained stable (47 sales). Less house sales could be due to low stock on the market, which when combined with median price growth suggests an undersupply. Overall an increase property prices contrast with general COVID-19 predictions, thus there is high resilience in the Panania market.

Dec. 9, 2020, 5:01 a.m.

Docklands Property Market Update 2nd Half of 2020

In Q3 2020, the Docklands area recorded a median house price of $1,500,000 and a median unit price of $560,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 12.7% for house, and a softening of -2.6% for units. Sales between Q3 2019 – Q3 2020 declined by -40.0% for houses (to 33 sales) and by -59.5% for units (to 317 sales). This is potentially due to low levels of stock on the market and/or COVID-19 conditions. Positive median house price growth suggests market resilience in the Docklands area and is well positioned for market recovery in 2021. Now is the time to transact.

Dec. 9, 2020, 4:56 a.m.

Oatley Property Market Update 2nd Half of 2020

In Q3 2020, Oatley recorded a median house price of $1,303,000, and a median unit price of $654,250. This represents annual (Q3 2019 – Q3 2020) median price growth of 4.2% for houses and of 10.0% for units. Between Q3 2019 – Q3 2020 total sales softened, down by -22.6% for houses (to 72 sales) and by -7.4% for units (to 63 sales), potentially due to low stock in the market. Median price growth suggests market resilience, in contrast to general COVID-19 predictions. With limited competing stock in the market and prices rising, now is the time to sell in Oatley.

Dec. 9, 2020, 4:51 a.m.

Port Stephens Property Market Update 2nd Half of 2020

In Q3 2020, Port Stephens recorded a median house price of $655,000, and a median unit price of $450,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 3.1% for houses and of 4.7% for units. Between Q3 2019 – Q3 2020 total sales increased, by 37.2% for houses (to 129 sales) and by 73.9% for units (to 80 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 Port Stephens, thus creating an ideal market for real estate transactions.