Get double digit growth + A house licenced to party + Why now is the best time to buy

Get double digit growth + A house licenced to party + Why now is the best time to buy

Where to find double digit growth

If you thought that Australian property markets were all doom and gloom, think again. Double-digit price growth was produced for one in every eight locations across Australia over the last 12 months.

  • The median house price increased by 10 per cent or better in 12 per cent of Australia over the year ending April 2018.
  • 67 out of 550 city councils spread across our 8 states and territories had double-digit growth
  • 45 of the 67 are located outside of Australia’s 8 capital cities
  • The 45 locations still have a median house price below $600,000
  • Full list in the blog article on RET

READ MORE

 

A house licenced to party

A RIDICULOUSLY stunning Queensland home that’s soon to sell to the highest online bidder has a licence to host 160 parties a year.

  • The auction is on August 6
  • It is in the Whitsundays
  • Almost five and a half acres
  • The property hasfive bedrooms, five ensuite bathrooms and four guest powder rooms as well as two kitchens – one for the family and the other a full commercial kitchen.
  • 160 metres of ocean frontage
  • Licenced for 160 “events” a year …READ MORE

 

Why now is the right time to buy

A reduction in demand means auction clearance results are less than stellar but savvy buyers understand that is potentially a good thing.

  • As we told you this week in Auction Insider – numbers are down but clearance rates are improving
  • Was at a 7 year low
  • Strong bidding in blue-chip areas – sub $1 to 2$M
  • Nathan Lyon sold his apartment for $1.085M after paying $1.1M in 2015 (rent free)…READ MORE

 

 

10 years on – how prices have changed

From June 2008 through June 2018, national home values have risen by a cumulative 43.9%, with the combined capital cities recording an increase of 52.6% and the combined regional markets recording growth of 16.6%.

  • Figures from Core Logic and published in YIP
  • The region to see the greatest gains in house values over the past decade was the South West region of Sydney, where values climbed 112.9%
  • The largest decline over the same duration – Outback North and South in WA, Mackay andTownsville in Queensland
  • Nationally units improved by 34.2%
  • Looking ahead – dwelling values are already falling in Sydney and Melbourne
  • Regional markets are currently outperforming capital cities
  • Cameron Kusher from Core Logic said “it seems unlikely the returns of the past decade will be replicated over the next 10 years” …READ MORE
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Kevin Turner
kevin@realestatetalk.com.au
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