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Nov. 21, 2019, 1:39 a.m.
Caboolture PRD Market Update 2nd Half 2019
In Q3 2019, Caboolture recorded a median house price of $344,000, and a median unit price of $190,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.4% for houses and a price growth of 18.8% for units. At the same time total sales slowed, by -56.9% for houses (59 sales) and by -33.3% for units (14 sales). Now is an ideal time to transact, with affordable houses for first home buyers and higher capital growth for unit sellers.
Nov. 21, 2019, 1:27 a.m.
Bribie Island PRD Market Update 2nd Half 2019
In Q3 2019, Bribie Island recorded a median house price of $476,000, and a median unit price of $312,000. This represents annual (Q3 2018 – Q3 2019) median price softening for both property types, of -2.6% for houses and -11.4% for units respectively. At the same time, total sales slowed for Q3 2019, down by -50.4% for houses (to 61 sales) and by -42.2% for units (to 48 sales). Properties in Bribie Island has become more affordable, good news for first home buyers.
Nov. 21, 2019, 1:21 a.m.
Dapto PRD Market Update 2nd Half of 2019
In Q3 2019, Dapto recorded a median house price of $570,000, and a median unit price of $520,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -7.3% for houses and -5.5% for units. At the same time, sale transactions increased by 6.1% for houses (to 122 sales) and slowed by -4.8% for units (to 20 sales). Increased affordability and decreased competition from buyers suggest now as a time to consider purchasing property in Dapto.
Nov. 21, 2019, 12:55 a.m.
Tuggerah PRD Market Update 2nd Half of 2019
In Q3 2019, Hamlyn Terrace recorded a median house price of $587,000, and a median unit price of $430,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.1% for houses and -5.5% for units. At the same time total house sales slowed, by -2.8% for houses (to 451 sales), while units increased by 21.3% (to 97 sales). A more affordable and slower house market suggests now is a good time to transact, benefitting both buyers and sellers.
Nov. 21, 2019, 12:38 a.m.
Port Stephens PRD Market Update 2nd Half of 2019
In Q3 2019, Port Stephens recorded a median house price of $620,000, and a median unit price of $415,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -11.3% for houses and -11.6% for units. There has been a clear improvement over the past 6 months however, with median prices showing notably less severe softening, of -7.5% for houses and -1.6% for units. This suggests that confidence is returning, and the market is recovering.
Nov. 21, 2019, 12:28 a.m.
Wagga Wagga PRD Market Update 2nd Half of 2019
In Q3 2019, Wagga Wagga recorded a median house price of $372,500, and a median unit price of $261,250. This represents annual (Q3 2018 – Q3 2019) median price growth of 0.4% for houses and a price softening of -3.3% for units. At the same time total house sales increased by 13.4% (297 sales), while units slowed by -3.3% (29 sales). Confidence is returning in the Wagga Wagga house market, while units have become more affordable for first home buyers.
Nov. 21, 2019, 12:18 a.m.
Tamworth PRD Market Update 2nd Half of 2019
In Q3 2019, Tamworth recorded a median house price of $339,500, and a median unit price of $185,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -6.2% for houses and -35.8% for units (low unit sales make this a volatile statistic). At the same time total sales slowed, by -14.4% for houses (214 sales) and by -45.0% for units (11 sales). With properties becoming more affordable and less competition in the market, now is the time to buy.
Nov. 18, 2019, 4:34 a.m.
Maroubra PRD Market Update 2nd Half of 2019
In Q3 2019, Maroubra* recorded a median house price of $1,670,000, and a median unit price of $817,750. This represents annual (Q3 2018 – Q3 2019) median price softening of -8.1% for houses and -6.8% for units. At the same time total house sales improved by 2.5% to 81 sales, whilst unit sales remained unchanged at 138 sales. Increased buyer activity suggests confidence is returning to Maroubra*, which should lift price growth in the near future.
Nov. 18, 2019, 4:17 a.m.
Morisset PRD Market Update 2nd Half of 2019
In Q3 2019, Morisset recorded a median house price of $550,000, and a median unit price of $375,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 2.8% for houses and a price softening of -8.8% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -4.0% for houses to 96 sales and by -71.4% for units to 2 sales. With less competition in the market now is the time for buyers to act.
Nov. 18, 2019, 4:03 a.m.
Oatley PRD Market Update 2nd Half of 2019
In Q3 2019, Oatley recorded a median house price of $1,200,000, and a median unit price of $632,500. This represents annual (Q3 2018 – Q3 2019) median price softening of -7.9% for houses and growth of 7.2% for units. At the same time total house sales improved for Q3 2019, by 9.4% to 93 sales, whilst units slowed by -16.5% to 76 sales. Houses are more affordable for buyers, and there is a potential undersupply in units – good news for unit owners.