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Sept. 3, 2020, 3:16 a.m.
Panania Property Market Update 1st Half of 2020
In Q1 2020, Panania recorded a median house price of $1,000,000, and a median unit price of $822,500. This represents annual (Q1 2019 – Q1 2020) median price growth of 17.0% for houses and 25.6% for units. Between Q1 2019 – Q1 2020 total house sales slowed by -25.8% to 98 sales, whilst unit sales increased by 60.0% to 40 sales. With median price growing strong despite mixed sales activity (i.e in the number sales), there is high resilience in the Panania market and now is an ideal time to transact.
Sept. 3, 2020, 2:17 a.m.
Oatley Property Market Update 1st Half of 2020
In Q1 2020, Oatley recorded a median house price of $1,315,000, and a median unit price of $655,100. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.5% for houses and of 7.4% for units. Between Q1 2019 – Q1 2020 total house sales marginally slowed, by -1.6% to 63 sales, whilst units increased by 4.1% to 51 sales. With sales remaining fairly steady in the house market and increasing demand for units, yet property prices showing positive growth, now is the time to transact in the Oatley market.
Sept. 3, 2020, 2:08 a.m.
Carina-Carindale Property Market Update 1st Half of 2020
In Q1 2020, Carina/Carindale recorded a median house price of $820,000, and median unit price of $472,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 5.8% for houses and slight resilience of 0.4% for units. Between Q1 2019 – Q1 2020 total sales declined for houses, by -39.1% to 39 sales, however demand picked up for units by 37.2% to 59 sales. The property market in Carina/Carindale is showing signs of resilience, through the increase in unit demand and median price growth for both property types.
Sept. 3, 2020, 1:58 a.m.
Newcastle Property Market Update 1st Half of 2020
In Q1 2020, Newcastle recorded a median house price of $750,000, and a median unit price of $572,500. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.0% for houses and of 9.4% for units. Between Q1 2019 – Q1 2020 house sales slowed slightly by -2.3% to 127 sales, while units increased by 6.5% to 82 sales. With property values increasing despite mixed levels of market activity (i.e sales), Newcastle proves to be a resilient market with continuing capital growth. Now is the time to enter the market.
Sept. 3, 2020, 1:51 a.m.
Morisset Property Market Update 1st Half of 2020
In Q1 2020, Morisset (postcodes 2264 and 2265) recorded a median house price of $542,000 and a median unit price of $347,500. This is an annual (Q1 2019 – Q1 2020) median price softening of -3.2% for houses and of -35.0% for units. Note that only 4 units were sold in Q1 2020, resulting in volatile annual price growth. Between Q1 2019 – Q1 2020 total house sales slowed by -3.7% to 79 sales. With more affordable median sale prices and less competition in the market, now is an ideal time to enter the Morisset market.
Sept. 3, 2020, 1:43 a.m.
Caboolture Property Market Update 1st Half of 2020
In Q1 2020, Caboolture recorded a median house price of $346,000, and median unit price of $201,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 0.3% for houses and 0.5% for units. Between Q1 2019 – Q1 2020 total sales declined for houses, by -8.8% (to 93 sales), however increased for units, by 25.0% (to 25 sales). The Caboolture property market is showing signs of resilience through capital growth and increase in demand. Now is a great opportunity to transact in the Caboolture property market.
Sept. 3, 2020, 1:35 a.m.
Maidstone Property Market Update 1st Half of 2020
In Q1 2020, Maidstone recorded a median house price of $714,000, and median unit price of $635,000. This represents annual (Q1 2019 – Q1 2020) median price softening of -4.8% for houses and a growth of 30.8% for units. Between Q1 2019 – Q1 2020 total sales increased by 38.5% for houses (to 18 sales) and by 43.8% for units (to 23 sales). The Maidstone property market is resilient, evident through the increase in demand for both property types. Maidstone is a great place to invest in and benefit from future capital gains.
Sept. 3, 2020, 1:28 a.m.
Maroubra Property Market Update 1st Half of 2020
In Q1 2020, Maroubra recorded a median house price of $1,900,000, and a median unit price of $890,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses and 7.2% for units. Between Q1 2019 – Q1 2020 total sales in the house markets remained steady with 68 sales, whilst units saw an increase of 13.0% (to 113 sales). With the market showing positive indicators, and real capital growth in both house and unit markets, now presents a great time to both buy and sell in Maroubra.
Sept. 3, 2020, 1:17 a.m.
Liverpool Property Market Update 1st Half of 2020
In Q1 2020, Liverpool recorded a median house price of $762,500, and a median unit price of $516,500. This represents annual (Q1 2019 – Q1 2020) median price growth of 1.7% for houses and a price softening of -2.5% for units. Between Q1 2019 – Q1 2020 total house sales slowed by -13.1% (to 279 sales), while unit sales increased by +19.4% (to 111 sales). With price recovery now evident in the house market, and with less stock available, now is a good time to transact property in Liverpool.
Sept. 3, 2020, 1:11 a.m.
Buninyong Property Market Update 1st Half of 2020
In Q1 2020, Buninyong recorded a median house price of $500,000, and vacant land median price of $292,000. This represents annual (Q1 2019 – Q1 2020) median price softening of -9.1% for houses. Between Q1 2019 – Q1 2020 total sales slowed, by -52.6% for houses (to 9 sales). The Buninyong property market is showing signs of a market cooling, and more affordable prices. This provides an ideal opportunity for first home buyers to enter the current market and secure their dream home.