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April 2, 2019, 6:43 a.m.
Toowoomba Research Factsheet 1st Half of 2019
Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to the Toowoomba 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) median price change of -6.2% (house) and 3.4% (units), houses have strengthened in value and units have become more affordable. This represents a resilient market and an ideal time for buyers to step into the market.
March 26, 2019, 10:53 p.m.
Surfers Paradise Research Factsheet 1st Half of 2019
Surfers Paradise recorded a median unit price of $390,000 in Q4 2018. This is an annual (Q4 2017-Q4 2018) price growth of 2.6%. Compared to the Surfers Paradise 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) median price change of -2.6%, units in Surfers Paradise have strengthened in value and are in high demand. Overall this represents a resilient market for unit owners in Surfers Paradise.
March 26, 2019, 10:40 p.m.
Creswick Research Factsheet 1st Half of 2019
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It should be noted that just 3 land sales occurred in Q4 2018, which has caused a significant shift in median price. This is thus not viewed as an accurate portrayal of the current value of land in Creswick. Compared to the Creswick 2nd Half 2018 Property Factsheet, which showed annual (Q2 2017 – Q2 2018) growth of 4.6% (house) and -7.1% (land), houses in Creswick have strengthened in value, whilst land has become more affordable.
March 26, 2019, 7:13 a.m.
Kenmore Research Factsheet 1st Half of 2019
The house market in Kenmore experienced 4.8% annual (2017-2018) growth, recording a median price of $859,000 in 2018. That said the unit market has softened, by -2.9% to $607,000. Between 2017 – 2018 median prices in Brisbane Local Government Area (LGA) slightly softened by -0.9% to $685,000 for houses and by -3.6% to $434,000 for units. When compared to the Brisbane LGA, Kenmore is a premium property market. That said buyers and investors in Kenmore are rewarded with double digit price growth, as opposed to a softening in median price growth as evidenced in the wider Brisbane LGA.
March 26, 2019, 7 a.m.
Runaway Bay Research Factsheet 1st Half of 2019
Runaway Bay recorded a median house price of $757,000 and $403,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) median price softening of -12.5% for houses and -13.3% for units. Compared to the Runaway Bay 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) price change of 19.8% (house) and -13.7% (units), houses in Runaway Bay have become more affordable. Now is an ideal time for first home buyers to tap into the market and take advantage of a softening market.
March 24, 2019, 11:29 p.m.
Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.
March 14, 2019, 7:11 a.m.
Tumbarumba Research Factsheet 1st Half of 2019
In Q4 2018, Tumbarumba recorded a median house price of $175,000. This represents an annual (Q4 2017 – Q4 2018) price change of -21.0%. The 2nd Half 2018 Tumbarumba Property Factsheet reported annual (Q2 2017 – Q2 2018) price growth of -10.1% for houses, meaning the past 6 months has resulted in more affordability within the Tumbarumba house market. It is important to note that in regional areas fluctuations in median house price are expected due to low sale volumes, as well as often large variations in the scale of rural land affecting land sale prices also.
March 13, 2019, 7:15 a.m.
Southport Research Factsheet 1st Half 2019
Southport recorded a median house price of $605,000 and $367,500 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price growth of 0.4% for houses and a softening of -3.9% for units. Compared to the Southport 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) median price change of 3.9% (house) and -4.7% (units), units in Southport have slightly strengthened in value and houses have become more affordable. Overall this represents a resilient market and an ideal environment for buyers.
March 12, 2019, 7:11 a.m.
Bendigo Research Factsheet 1st Half of 2019
The median house price in Bendigo was $374,000 in Q4 2018, which represented annual (Q4 2017 – Q4 2018) median price growth of 6.9%. During this timeframe the number of houses sold declined by -24.3%, which suggests an undersupply of houses. On the other hand, the median unit price in Bendigo softened by -4.4% over the past 12 months to Q4 2018 to $258,000. During this time, the number of units sold declined by -35.0% which suggests that the market is saturated and that there is a strong preference towards houses.
March 5, 2019, 5:10 a.m.
Tumut Research Factsheet 1st Half of 2019
The median house price in Tumut during Q4 2018 was $222,500, whilst the median vacant land price was $101,500. This represents annual (Q4 2017 – Q4 2018) price growth of -7.3% (house) and 12.8% (land). The Tumut 2nd Half 2018 Research Factsheet reported growth of 7.2% (house) and -5.2% (land) annually to Q2 2018. Comparing growth levels, houses in Tumut have become more affordable, whilst land has strengthened in value. Sellers can capitalise on vacant land value upswing, whilst buyers have an opportunity to purchase homes in a cooler market.