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Joshua

Joshua

Adelaide
Adelaide is renowned for its steady rental market but the scales are tipping when it comes to prices, with some suburbs seeing rents jump as high as others have seen them plunge in the past year. New data from realestate.com.au reveals the suburbs with the largest increases and decreases in rent for houses over the past 12 months. Tusmore in the city’s east recorded the highest increase with its median weekly rent climbing 28.3 per cent to $590, which was based on 10 houses listed for rent in the period. Its neighbour Hazelwood Park came in close second with a 26 per cent increase to a median of $630 each week, followed by Marryatville with 23.2 per cent growth to $468 per week. At the other end of the scale, Unley Park experienced the largest decline at 20.1 per cent to a median weekly rent of $563, based on 12 houses listed for rent throughout the year. Hyde Park (18.8 per cent to a median of $483 a week) and College Park (18.4 per cent to a median of $518 a week) rounded out the top three. TOP 10 SUBURBS WITH LARGEST INCREASES (Suburb, median weekly rent (12 months), no. of rental listing (12 months), year-on-year weekly rent change) Tusmore – $590, 10, 28.3 per cent Hazelwood Park – $630, 14, 26 per cent Marryatville – $468, 10, 23.2 per cent Maylands – $540, 18, 20 per cent Royston Park – $540, 13, 20 per cent Myrtle Bank – $595, 29, 17.1 per cent Coromandel Valley -$473, 30, 16.8 per cent Tennyson – $650, 17, 16.5 per cent Malvern – $650, 35, 16.1 per cent Bellevue Heights – $480, 34, 15.7 per cent TOP 10 SUBURBS WITH LARGEST DECREASES (Suburb, median weekly rent (12 months), no. of rental listing (12 months), year-on-year weekly rent change) Unley Park – $563, 12, down 20.1 per cent Hyde Park – $483, 41, down 18.8 per cent College Park – $518, 10, down 18.4 per cent Medindie – $660, 17, down 17.5 per cent Wayville – $468, 20, down 14.1 per cent Aldgate – $500, 29, down 13.0 per cent Cheltenham – $350, 19, down 7.9 per cent Park Holme – $400, 59, down 7.0 per cent Netherby – $610, 22, down 6.9 per cent Walkerville – $590, 27, down 6.8 per cent Read more:x The top 10 South Australian suburbs where rents ar... Are you a renter or an investor? New data has revealed the suburbs where prices have jumped or fallen across Adelaide. Will you be jumping for joy or tightening your purse strings? See the full list h... www.realestate.com.au
0 Reply 25 Views 16D ago
Justprop Team member

Justprop Team member

Baulkham Hills
BONDI or Manly might be what the world thinks of when it comes to living in Sydney but locals who actually want the Australian dream of a family home with a backyard go to one place — Baulkham Hills. The suburb, which is split between the Hills Shire and Parramatta councils, was the most popular area in the country for families wanting four-bedroom houses. It was also the most coveted location for buyers of all house types in the Greater Western Sydney area, with buyer demand nearly doubling since 2019, according to a realestate.com.au measure of online search activity. Adjacent suburbs North Rocks, Winston Hills, Kings Langley and Castle Hill rounded out the top five most viewed suburbs more than 15km west of the CBD. “Baulkham Hills is off the charts right now,” realestate.com.au chief economist Nerida Conisbee said. “It’s always been popular with families but now it’s huge.” The increased interest in the northwest coincided with the opening of the Sydney Metro Northwest train line in May last year. The line connects much of the region to Sydney’s north shore and beyond. Housing experts said the region’s increased popularity was also due to its proximity to Sydney’s second CBD at Parramatta — and the big houses on large blocks. Additional Australian Post Office data revealed the region accounted for the bulk of suburbs with the most requests to redirect mail from newly moved NSW families and households between 2013 and 2019. Kellyville residents used the most redirect services, followed by Castle Hill, Port Macquarie, Mosman and Baulkham Hills. One of the biggest contributors to Kellyville’s growth was the North Kellyville housing estate, which effectively doubled the size of the suburb. MOST REQUESTS FOR RE-DIRECT MAIL SERVICE 2013-2019 Kellyville Castle Hill Port Macquarie Mosman Baulkham Hills Source:x Most popular suburbs for big house buyers: Baulkha... Demand has shot through the roof in one area of Sydney, which is now the most popular location in the country for those seeking a four-bedroom house with a backyard. www.realestate.com.au
0 Reply 25 Views 18D ago
Joshua

Joshua

Newtown
Homes in Sydney’s inner west and northern beaches have become Australia’s most fiercely contested properties as a record listings slump turns the heat on buyers. The regions together accounted for six of the nation’s 10 most competitive suburbs to buy property over the past three months, measured by the extent demand outweighed supply. The increased competition put the squeeze on buyers, forcing them to increase their price offers to beat out rival home seekers. The inner west median property price surged 16 per cent over the past year, while on the northern beaches the increase was 13 per cent, representing rises of more than $100,000 in what were already some of the country’s most expensive markets. Inner west hub Newtown was the nation’s most in demand suburb to buy a house, while northern beaches enclave Collaroy was the top draw for unit buyers. Listings in these areas were down more than a quarter from last year while the number of buyers actively for looking homes tripled, according to the realestate.com.au data. The buyer surge followed three interest rate cuts late last year, with the Reserve Bank of Australia announcing another cash rate cut earlier this week. Other increasingly popular suburbs – and where buyers were scrambling for a depleted pool of properties – were Stanmore, Annandale and Lilyfield in the inner west and Beacon Hill and North Narrabeen on the northern beaches. Read more:x Australia’s most popular suburbs: Newtown and Co... A once working class suburb now famed for its cafes and bar scene has become Australia’s most in-demand suburb for house buyers, with a Sydney beach suburb the top choice of unit buyers. www.realestate.com.au
0 Reply 31 Views 25D ago
Steve

Steve

Sydney
Long-term property investors can purchase a mix of affordable and prestigious places, with new research showing the different ends of the spectrum topped the property market for decade growth. The research commissioned by the Property Investment Professionals of Australia (PIPA) and CoreLogic showed, despite popular belief, a mixture of metropolitan and rural areas topped the list. CoreLogic head of research Tim Lawless said investors were likely to find that, over the next 10 years, the best-performing markets are quite different. “Just as they were over the earlier decade where, for example, mining regions and regional coastal markets were some of the strongest performing areas,” he said. The city location with the highest annual capital growth in the nation over the past decade was Lakemba in the Canterbury region of Sydney. Prices in Lakemba have grown by 8.4 per cent annually, with median house values doubling over the period growing to about $881,000. The second placer was also in Sydney, this time in the Oatlands-Dundas Valley region of Carlingford, where house values grew by an average 8.1 per cent each year over the past decade. Its median house value has soared from $662,000 to $1.41 million over the past decade, according to the data. Source:x Best-performing suburb of the decade revealed Long-term property investors can purchase a mix of affordable and prestigious places, with new research showing the different ends of the spectrum topped the property market for decade growth. www.smartpropertyinvestment.com.au
0 Reply 79 Views 30D ago
Sam2019

Sam2019

Kambah
When it comes to moving house, it appears that homeowners and renters alike are drawn to neighbouring suburbs – and in Canberra, staying within the same district. Data from Australia Post reveals the moving habits of residents in our capital cities – based on those who used the mail redirection service between March 2013 and December 2019 – and there’s a distinct pattern. In Canberra, Kambah was the suburb with the most number of movers across the period, with the majority coming from nearby Wannaissa (241), followed by Gordon (136) and Monash (119). All of these suburbs are within the Tuggeranong district and typically represent movements of upsizers, downsizers or buyers seeking more bang for their buck, around their existing communities. Kambah’s median sale price is $590,000, compared to $500,229 in Gordon, where buyers would likely be upgrading from; and Monash’s $625,000, which could indicate a move to save on money or finding to a similarly priced home with more space or features. Wannaissa’s median price of $588,750 makes it more of a neutral move. Renters moving to Kambah would be paying $500 per week, as well as Monash, compared to $510 in Wannaissa and $470 in Gordon. Canberra’s top five most moved-to suburbs 1. Kambah (from Wannaissa, Gordon and Monash)2. Ngunnawal (from Gungahlin, Bonner and Amaroo)3. Harrison (from Franklin, Gunghalin and Bonner)4. Casey (from Ngunnawal, Nicholls and Gungahlin)5. Kingston (from Griffith, Barton and Narrabundah) Details inside:x Which Canberra suburbs do people move to the most?... Data from Australia Post shows where homeowners and renters move to most in Canberra, and which suburbs they’re coming from. Here’s the top five. www.realestate.com.au
0 Reply 52 Views 1Mo ago
Joshua

Joshua

Sydney
When students at Sydney's first high-rise high school leave for the day, there's no mass exodus of kids running out the gates and onto the streets of the Parramatta CBD. Instead the $225 million public school staggers start and finish times to manage up to 2000 students' movements throughout the 17-floor building. Timetabling is one of many quirks at Arthur Phillip High School, which opened its campus this month after cost blow-outs and delays. But the "one-of-a-kind" school is still dividing experts over its open-plan classrooms and approach to co-teaching. Arthur Phillip will not operate at full capacity until it settles into its new space. Just 1100 of 2000 possible students are enrolled this year. "We've certainly had a lot of interest from the wider community about coming here, but we’re going to take our time slowly to grow into our own," Ms Claus said. "I can’t begin to describe what this new school means for my students in terms of the opportunities. I feel truly blessed." Education Minister Sarah Mitchell said the "world-class education facility" was designed for high density and population growth in Parramatta, and replicating the model would depend on community needs. Read more:x Staggered start for students at Sydney's new high-... Timetabling is one of many quirks at Arthur Phillip High School, which opened this month and is still dividing experts over its open-planned classrooms and co-teaching. www.smh.com.au
0 Reply 39 Views 1Mo ago
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