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Australian Economic Property Report 2019

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Aug. 23, 2019, 6:56 a.m.

PRD Tumut Market Update 2nd Half of 2019

In Q2 2019, Tumut recorded a median house price of $279,000, and a median vacant land price of $135,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 8.3% for houses and 12.5% for vacant land. At the same time, total sales slowed for Q2 2019, by -16.3% for houses (to 67 sales) and by -45.5% for vacant land (to 12 sales). Increasing property values and less competition in Tumut creates an ideal environment for buyers to act.

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Aug. 22, 2019, 7:16 a.m.

PRD Nundah Research Factsheet 1st Half of 2019

Nundah * recorded a median house price of $665,000 and $400,000 for units in Q1 2019. This represented an annual (Q1 2018-Q1 2019) price softening of -13.6% for houses and a slight strengthening of 0.3% for units. Compared to the Nundah* 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) price change of -3.0% (house) and 0.8% (units), houses have become more affordable, whilst units have shown relatively stable growth throughout the year.

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Aug. 22, 2019, 7:01 a.m.

Tannum Sands Research Factsheet 1st Half of 2019

Tannum Sands* recorded a median house price of $303,500 and a median unit price of $190,000 in the 1st half of 2019. These figures represented an annual (1st Half 2018 – 1st Half 2019) price strengthening of 4.7% for house and 14.3% for units. Compared to the 2nd Half 2018 Tannum Sands Research Factsheet, which reported annual (2nd Half 2017 – 2nd Half 2018) median price changes of -1.0% (house) and 13.0% (units), properties in Tannum Sands* have seen a strengthening in value, in particular units.

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Aug. 22, 2019, 6:49 a.m.

Ipswich Research Factsheet 1st Half 2019

In the 1st half of 2019 Ipswich*, which in this report includes the suburbs of Ipswich, Booval, Brassall, Bundamba, Newtown & Silkstone, recorded a median house price of $320,00 and of $220,000 for units in Q1 2019, which represented annual (Q1 2018 – Q1 2019) price softening of -1.5% and -23.5% respectively. When compared to the Ipswich* 2nd Half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) price change of 1.0% (house) and 9.8% (unit), properties have recently become more affordable in Ipswich*.

Factsheet 1st Half 2019

Aug. 21, 2019, 7:11 a.m.

Peregian Springs Research Factsheet 1st Half 2019

Peregian Springs* recorded a median prices of $695,000 fot houses and $547,000 for units in Q1 2019. This represents an annual (Q1 2018-Q1 2019) strengthening of 2.6% for houses and a softening of -4.6% for units. When compared to the Peregian Springs* 2nd Half 2018 Research Factsheet, which reported an annual (Q3 2017-Q3 2018) median price change of 1.6% (house) and 18.2% (units), units in Peregian Springs* are now more affordable whilst houses have proved resilient.

Factsheet 1st Half 2019

Aug. 21, 2019, 6:54 a.m.

Werribee Research Factsheet 1st Half of 2019

Werribee* recorded a median house price of $490,000 in Q1 2019, and a median unit price of $376,000. This represents annual (Q1 2018 – Q1 2019) median price movements of -3.4% in houses, and -4.2% in units. When compared to the 2nd Half 2018 Werribee Property Factsheet, which recorded annual (Q3 2017 – Q3 2018) median price growth of +10.0% in houses and a minor softening of -0.8% in units, property in Werribee* has recently become more affordable.

Factsheet 1st Half 2019

Aug. 21, 2019, 6:19 a.m.

Mildura Research Factsheet 1st Half of 2019

Mildura* recorded a median house price of $306,250 and $233,250 for units in Q1 2019. This shows an annual (Q1 2018 – Q1 2019) significant price resilience of 14.5% for house and 3.7% for units. When compared to the Mildura* 2nd Half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price change of 9.4% (house) and 10.5% (unit), properties in Mildura* have strengthened as vendors are achieving great results in property transactions.

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Aug. 20, 2019, 7:14 a.m.

Wagga Wagga Research Factsheet 1st Half of 2019

Q1 2019 saw Wagga Wagga* record a median house price of $360,000, along with a median unit price of $265,000. This resulted in an annual (Q1 2018 – Q1 2019) price shift of -4.0% in houses and price growth in units of 23.3%. When compared to the 2nd Half 2018 Wagga Wagga Research Factsheet, which reported annual (Q3 2017 – Q3 2018) median price changes of 4.2% and -17.0% for houses and units respectively, houses in Wagga Wagga* have become more affordable whilst units have exhibited significant price growth. It is important to note that a limited number of sales transactions within the unit market on a quarterly basis means more volatile shifts in median price occurrence.

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Aug. 20, 2019, 7:04 a.m.

Newcastle Research Factsheet 1st Half of 2019

Newcastle’s* median house price was $717,500 in Q1 2019, and the median unit price was recorded at $510,000. This represents annual (Q1 2018 – Q1 2019) price changes of -2.4% and -17.1% for houses and units respectively. When compared to the 2nd Half 2019 Newcastle Property Factsheet, which reported annual (Q3 2017 – Q3 2018) price growth of 6.8% (house) and 13.2% (unit), both houses and units in Newcastle* have recently become more affordable.

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Aug. 19, 2019, 6:43 a.m.

Mackay Research Factsheet 1st Half 2019

Mackay* recorded a median house price of $330,000 and $267,500 for units in Q1 2019. This shows an annual (Q1 2018 – Q1 2019) price resilience of 2.6% for house and 2.9% for units. When compared to the Mackay* 2nd Half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price change of 1.7% (house) and -4.9% (unit), properties in Mackay* have strengthened as vendors are achieving great results in property transactions.