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.

Average vendor discounts between Q1 2019 and Q1 2020 have tightened for both property types, to -1.5% for houses and -5.1% for units. Market conditions in Liverpool have shifted to favour sellers especially in the house market. Now is the time to transact, sellers can achieve a closer price to first list and buyers can capitalise on current discounts.

Over the past 12 months, house rental yields in Liverpool softened slightly to sit at 3.1% in December 2019. That said this is still a level above the Sydney Metro average of 2.7%. This suggests the house rental market is in a healthy position overall.

4+ bedroom houses have provided investors with the best rental outcome annually, with a median rent of $540 per week.

Liverpool recorded a vacancy rate of 3.4% in December 2019. This is a position slightly above the Real Estate Institute of Australia's healthy benchmark of 3.0%, however it is below Sydney Metro’s 3.6% average for the same period. This confirms there is a steady rental demand in Liverpool, and with a lower median entry price to Sydney Metro this presents an affordable and conducive environment for investors.