Liverpool PRD Market Update 2nd Half of 2019

In Q3 2019, Liverpool recorded a median house price of $740,000, and a median unit price of $472,650. This represents annual (Q3 2018 – Q3 2019) median price softening -3.9% for houses and -7.1% for units. At the same time, total house sales improved for Q3 2019, up 9.0% for houses to 422 sales, while units slowed by -7.1% to 145 sales. The Liverpool market has been relatively resilient to the wider price adjustments across Sydney, making it ideal to buy in.

Average vendor discounts between Q3 2018 and Q3 2019 have tightened for both property types, to -4.5% for houses and -6.9% for units. Market conditions in Liverpool continue to favour buyers, where sellers are still willing to negotiate below their initial listing price. This makes now an ideal time to enter the market, while such discounting is still on offer.

Over the past 12 months, house rental yields in Liverpool remained fairly steady, sitting at 3.4% in June 2019, above Sydney Metro’s 2.9% average. This suggests the Liverpool house rental market is in a healthy position.

4+ bedroom houses have proven to be the most resilient for investors, achieving a median rent of $570 per week. A -11.9% reduction in house rental market activity in the 12 months to Q3 2019 has contributed to this slight shift.

Liverpool recorded a vacancy rate of 4.0% in June 2019, sitting slightly above the Real Estate Institute of Australia's healthy benchmark of 3.0%. Investors are encouraged to sign tenants on longer-term leases to help account for this.