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Oct. 12, 2020, 2:03 a.m.
Macquarie Park Property Market Update 2nd Half of 2020
In Q2 2020, Macquarie Park recorded a median house price of $1,610,000, and a median unit price of $836,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 11.8% for houses and 19.5% for units. Between Q2 2019 - Q2 2020 total sales slowed, by -24.6% for houses (to 86 sales) and by -62.7% for units (to 106 sales). Lower sale numbers are expected amidst COVID-19, but double-digit price growth suggest a highly resilient market. With healthy price growth and limited competition in the market, now is the time to sell in Macquarie Park.
Oct. 12, 2020, 1:41 a.m.
Palm Beach Property Market Update 2nd Half of 2020
Palm Beach recorded a median house price of $915,000 and a median unit price of $545,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 11.6% for houses and 6.3% for units. Between Q2 2019 - Q2 2020 sales increased, by 60.5% for house (to 69 sales) and by 1.3% for units (to 79 sales). The Palm Beach property market shows great resilience during COVID-19, from a price growth and demand perspective. There many opportunities for first home, with ample government incentives.
Sept. 29, 2020, 2:15 a.m.
Casino Property Market Update 2nd Half 2020
Casino recorded a median house price of $298,000 and a median unit price of $224,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 3.1% for houses, and high growth of 12.0% for units. Between Q2 2019 - Q2 2020 sales were stable for house (at 42 sales) but declined for units (to 2 sales). A softening in demand was expected due to COVID-19, however price growth for both property types showed market resilience. Now is an ideal time for first home buyers to enter the market, with less competition and government incentives at hand.
Sept. 28, 2020, 10:22 p.m.
Glenorchy Property Market Update 2nd Half of 2020
In Q2 2020, Glenorchy recorded a median house price of $436,500, and a median unit price of $355,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 7.5% for houses and of 14.5% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -35.4% for houses (to 104 sales) and by -54.1% for units (to 34 sales). A softer demand is expected due to COVID-19, however price growth in both property types indicate high resilience. With reduced competition, now is the time to transact in Glenorchy.
Sept. 28, 2020, 6:18 a.m.
Derwent Valley Property Market Update 2nd Half of 2020
In Q2 2020, Derwent Valley recorded a median house price of $362,500, and a median unit price of $290,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 29.2% for houses and of 8.8% for units. Between Q2 2019 – Q2 2020 total sales in both markets slowed, by -58.7% for houses (to 19 sales). Softer demand is expected due to COVID-19, also potentially due to low stock availability. That said high median house price growth during this time suggest market resilience. With limited competing stock on the market and prices up, now is the time to transact in Derwent Valley.
Sept. 28, 2020, 6:06 a.m.
Brighton Property Market Update 2nd Half of 2020
In Q2 2020, Brighton recorded a median house price of $380,000, and a median unit price of $295,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 6.2% for houses and of 9.3% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -25.8% for houses (to 46 sales) and by -44.0% for units (to 14 sales). Softer demand is expected due to COVID-19, however there is also the potential of low stock availability. Positive price growth indicates market resilience amidst COVID-19, thus less competition in the market, now is the time to transact in Brighton.
Sept. 28, 2020, 5:44 a.m.
Hobart Property Market Update 2nd Half of 2020
In Q2 2020, Hobart recorded a median house price of $758,500, and a median unit price of $457,500. This represents annual (Q2 2019 – Q2 2020) median price softening of -1.5% for houses and of -16.8% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -28.8% for houses (94 sales) and by -62.5% for units (44 sales). Softer demand is expected due to COVID-19 conditions, however there has also been limited new stock in the market. With more affordable prices now is the time for first home buyers to act.
Sept. 28, 2020, 5:22 a.m.
Roseville-Lindfield Property Market Update 2nd Half of 2020
In Q2 2020, Roseville-Lindfield recorded a median house price of $1,900,000, and a median unit price of $1,050,000. This represents annual (Q2 2019 – Q2 2020) median price softening of -6.9% for houses and price growth of 34.6% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -17.9% for houses (to 78 sales) and by -65.9% for units (to 44 sales). Slower demand is expected due to COVID-19, however a relatively resilient median house price and growth in median unit price builds confidence in the market.
Sept. 28, 2020, 5:15 a.m.
Roseville-Lindfield Market Update 1st Half of 2020
In Q4 2019, Roseville-Lindfield recorded a median house price of $2,484,000, and a median unit price of $890,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 7.0% for houses and a slight softening of -2.7% for units. Between Q4 2018 – Q4 2019, total sales for houses saw a minor dip of -1.4% (to 71 sales), whilst units increased strongly by 39.3% (to 78 sales). Roseville-Lindfield continues to operate as a premium housing market, with limited supply pushing up prices, thus buyers must act quickly to secure stock.
Sept. 9, 2020, 12:15 a.m.
First Home Buyers' Guide 2020
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.