Archive for the ‘Market Report’ Category

Investor Activity Softens

CoreLogic’s latest report on Investor Activity in the Australian Property Market reveals that there hasn’t just been a softening during the COVID19 pandemic; in fact, investor activity has been falling since early 2015, across all Australian states.

The main reason attributed to this is the macro-prudential policies that were implemented in Australian mortgage lending, which did tighten lending criteria and exclude some would-be investors from commencing or growing their portfolio.

The latest … Read the full post »

Australian Property Market Update

CoreLogic has just released the latest Australian Property Market Report reflecting on activity and prices across the nation in September, and whilst last month home values declined in Sydney and Melbourne; it is a mixed bag as the other six capitals all records a life in home values, and regional markets are continuing to perform strongly.  See below graph (source: CoreLogic)

At … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Regional Housing Market and COVID-19

Whilst the unfolding events surrounding the COVID-19 pandemic continue to escalate in Victoria, along with pockets of outbreak in New South Wales; Queensland is still faring very well in comparison, and our state government continues to monitor the situation closely.

The million-dollar question is ‘what impact is this having on the property market’?  Well, there has been a noticeable slowdown in Victoria in particular, as well as a drop in prices.  … Read the full post »

Winter Outlook for Property Market

According to some leading property analysts across the nation, and indeed many agents experiencing a surge in enquiry as the COVID-19 restrictions ease; this winter could prove a more active market than anticipated.

The spring season is normally the most popular time to sell homes, with the weather warming and gardens in full bloom; however, confidence is starting to trickle back into the market, as many are now seeing some light … Read the full post »

Property Market Update – Reaction to COVID-19

Since the government shutdown non-essential services and placed a temporary ban on auctions and open for inspections, and essentially halted the economy in response to COVID-19; as expected, the property market has been impacted.

From a values perspective, the CoreLogic hedonic index has been showing a loss of momentum in housing value growth rates since mid-March. Data through to mid-April has seen a continuation in this trend, with the combined capital … Read the full post »

COVID-19 and The Real Estate Industry

Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property.

Australia’s leading real estate researcher and analyst CoreLogic explores fundamentals of housing to better understand outcomes in the current climate. It has found:

Housing … Read the full post »

COVID-19 – Is it affecting the market yet?

Right now everyone is asking us how the market is being affected by COVID-19 and if it is a good time to sell or whether buyers have pulled back. Since Saturday, we have put three of our current listings to contract. If you were considering selling in the next few weeks or months, we would recommend to do in now as we have active buyers looking to buy right away.

At … Read the full post »

Mount Coolum Update

Property Market:

Australia’s leading real estate portal Realestate.com.au release some figures about the Mount Coolum market, as at September 4, 2019, labelling it a Sellers’ Market.  See snapshot below:

Sales

The median house price is $598,000

3 bedroom homes – $570,000, 4 bedroom – $620,000

The median unit price is $415,000

2 bedroom – $388,944, 3 bedroom – $447,500

Rentals

The median rental for a house is $530 per week

3 bedroom – $490 p/w, 4 bedroom – $650 … Read the full post »

Autumn Market Update

As we enter the second quarter of the year, we FINALLY have some lovely Autumnal cooling in the evenings, without compromising the brilliant sunshine of the days…the property market has also cooled off somewhat, but the Sunshine Coast region, particularly along the coastal strip is still one of the nation’s strongest performers.

We continue to hear and read about the weakening of the market, with some predictions of catastrophic price decline; … Read the full post »

Housing Demand 2019!

According to respected property commentator and analyst Michael Matusik, first home buyers and downsizers will be the key drivers in demand for housing this year. These two market segments are looking for certain features in property.

What are first home buyers looking for?

Most first home buyers KEY driver is affordability; bank lending is tightening up and house prices, despite the current fall in some capital cities, … Read the full post »

QLD Market Still Going Strong

The latest REIQ Market Monitor indicates that many sectors of the Queensland market are still going strong, with 11 suburbs reaching an annual rate of growth of more than 20%; Mount Coolum was eight on that list, with 21.9% annual growth and a median price of $670,000.  Yaroomba, just up the road, was ranked 13 with a 19.7% growth and an annual median price of $749,000.  Minyama was the only … Read the full post »

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