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Hobart
Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in profitable resales (0.1 per cent) compared to the previous quarter, while gross profits increased by $2.4bn over the same period (resales totalled $16.3bn in June 2019).CoreLogic head of residential research Eliza Owen said overall, Hobart sellers were most likely to experience gains with 98.1 per cent of properties selling for a profit over the three months to September 2019. “Hobart has experienced particularly large capital gains over the past five years and this has translated into exceptionally strong results for resellers of both houses and apartments during the past quarter,” Ms Owen said.A high proportion of resales in regional Victoria (96.6 per cent) and regional Tasmania (96.4 per cent) also delivered positive returns for sellers. The strong housing market in Hobart and regional Tasmania has also helped investor owners, who are more likely to sell at a loss than owner-occupiers, to buck the trend and enjoy greater gains than in these regions. “Over the September 2019 quarter, 98.8 per cent of investment properties resold in Hobart were profitable compared to 98.0 per cent of owner-occupied dwellings.”Nationally, 88.9 per cent of owner-occupied properties resold for a profit compared to 83.4 per cent of investor-owner properties. Overall, house resellers were more likely than unit sellers to experience gains. Nine in ten (90 per cent) houses across Australia sold for more than their previous purchase price compared to 80.2 per cent of apartments. Across the capital cities, the median hold periods for profitable house sales were highest in Perth (13.1 years) and Darwin (13.5 years) and lowest in Hobart (9.2 years) and Sydney (9.5 years). Key findings for September 2019 quarter – national 87.4 per cent of properties across the nation sold for a profit in the September 2019 quarter. Across the combined capital and regional markets, a higher proportion of houses (90 per cent) resold at a profit than units (80.2 per cent).Hobart leads the market with 98.1 per cent of homes resold turning a gross profit, followed by regional Victoria (96.6 per cent) and regional Tasmania (96.4 per cent).Hobart also recorded the highest gains for both houses and apartments with 98 per cent of house resales and 98.5 per cent of apartment resales profitable. Regional Victoria and the ACT delivered the strongest results for house resellers with 96.9 per cent of houses in these areas reselling for a profit. The greatest gains for apartment resellers were across the rest of Tasmania (96.3 per cent) and the rest of Victoria (94.2 per cent).The greatest losses for houses were recorded in Regional WA and Darwin, where 41 per cent and 39 per cent sold at a loss, followed by Perth (32.9 per cent). For units, the greatest pain was in regional WA and Darwin, where 63.7 per cent and 61.8 per cent of apartment resales were at a loss respectively.Nationally, investors were more likely to resell at a loss compared to owner-occupiers. 11.1 per cent of owner-occupied properties in Australia resold at a loss compared to 16.6 per cent of investment properties.Throughout the combined capitals, 11.1 per cent of owner-occupiers failed to resell their property for a profit compared to 17.2 per cent of investor-owned properties. The difference was greatest in Canberra, where 5.2 per cent of owner-occupied properties resold for a loss compared to 24.9 per cent of investment properties.Nationally, profitable resales were held for a median of 9.5 years while loss-making resales had a median hold period of 6.0 years. Key findings – regional Across the major coastal markets, Geelong reported the highest proportion of profit-making resales over the September 2019 quarter (98.8 per cent). Resale losses were the greatest in Bunbury (37.5 per cent) and Cairns (23.3 per cent).In the non-coastal regions, the highest proportion of profit-making resales were in Ballarat (98.6 per cent) and Bendigo (96.8 per cent) while the highest proportion of loss-making resales were in Queensland’s Toowoomba region (12.7 per cent) and the New England & North West region of New South Wales (11.5 per cent). Sydney Resale In Sydney, 90.2 per cent of dwelling resales were profitable over the September quarter. This was up from 89.1 per cent in the June quarter but down from 94.5 per cent a year ago.Mosman resellers experienced the highest gains with 98.6 per cent of all homes resold at a gross profit. This was followed by Waverley (96.3 per cent) and Hunters Hill (95.5 per cent).The lowest proportion of profit-making resales was recorded in Parramatta where 81.5 per cent of all resales turned a profit, followed by Canterbury-Bankstown (81.7 per cent) and Strathfield (83.7 per cent). Melbourne Resale 93.0 per cent of Melbourne properties resold for a gross profit over the September quarter. This is up from 92.2 per cent in the June quarter but down from 95.2 per cent a year ago.Macedon Ranges recorded the highest proportion of profit making resales with 100 per cent of all homes resold incurring a gross profit, followed by Moorabool (98.9 per cent) and Melton (98.3 per cent).The lowest proportion of profit-making resales was in the Melbourne council area (67.1 per cent). Next were Stonnington (79.1 per cent) and Port Phillip (84.5%). Brisbane Resale 87.9 per cent of Brisbane resales recorded a gross profit over the September quarter, up from 87.2 per cent over the June quarter. This was down from 90.8 per cent over the same period last year.Only 63.5 per cent of unit resales made a gross profit over the quarter compared to 94.6 per cent of houses.The Scenic Rim experienced the greatest gains, with 93.6 per cent of properties reselling at a gross profit. The next most profitable areas were Moreton Bay (90.8 per cent) and Redland (90.4 per cent).The lowest proportion of profit-making resales was recorded across the Lockyer Valley council, with 82.9 per cent of resales turning a gross profit, followed by Brisbane council area (86.1 per cent) and Somerset (87.5 per cent). Adelaide Resale 89.2 per cent of resales across Adelaide were sold for a gross profit over the September quarter, down from 91.8 per cent over the June quarter.92.4 per cent of Adelaide house resales sold for a profit and 76.4 per cent of unit resales were profitable.The highest proportion of profit making resales was recorded in the Adelaide Hills (96.6 per cent of dwellings were profitable), followed by Mitcham (94.3 per cent).Adelaide council area had the lowest proportion of profit making resales with 70.2 per cent of dwellings resold at a gross profit. Perth Resale 63.6 per cent of Perth dwelling resales turned a gross profit over the September quarter (up from 63.3 per cent in June). A year ago, 68.8 per cent of homes in Perth resold at a gross profit.67.1 per cent of houses were resold at a profit compared with 48.0 per cent of units.81.8 per cent of resales turned a profit in Claremont, followed by Cottesloe (81.3%).The lowest proportion of profit making resales were recorded in Perth council area (32.3 per cent) followed by Belmont (52.8 per cent) and Mandurah (56.7 per cent). Hobart Resale Hobart had the highest proportion of profitable resales, with 98.1 per cent of all resales over the September quarter recording a gross profit.Three areas recorded 100 per cent of resales at a gross profit: Brighton, Derwent Valley and Glenorchy. The lowest proportion of profit-making resales was in Hobart council, where 95.7 per cent of properties resold at a gross profit. Darwin Resale Profit-making resales in Darwin tracked at 51.7 per cent over the September quarter (up from 50.4 per cent of resales in June). Canberra Resale In Canberra, 89.3 per cent of properties sold for more than their original purchase price in the September quarter 2019.78.9 per cent of resales recorded a gross profit compared with 96.9 per cent of house sales. source: EliteAgentx Hobart leads the way as resale prices on the rise Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest Co... eliteagent.com
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Royal

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Over the past year, Brisbane has become the “safe choice” for property investors looking to avoid the negative impacts of the declines in Sydney and Melbourne. Will the Queensland capital continue to offer good opportunities in 2020? Brisbane has ended 2019 on a high as it finished the year with positive annual growth of a total 2.8 per cent, Streamline Property’s Melinda Jennison pointed out.Most property analysts believe that Brisbane will see positive results in 2020 – even predicting that the capital city will see the greatest national gains in house prices, ultimately leading to a 20 per cent increase in median house price by 2022. While house prices are expected to continue rising as a result of increasing migration rates and healthy levels of housing affordability, the value of apartments is likely to remain flat for a while. Dwelling pricesPropertyology’s Simon Pressley said that median dwelling values over the next five years are likely to outgrow the previous five.Further, the growth will be more widespread as opposed to being concentrated in only a select few locations. Supply and demandOver the year in Brisbane, Ms Jennison noted that high demand was consistently better for inner city suburbs compared with fringe suburbs. 2020 trendsProperty risk management will become more significant across the Brisbane property market moving forward as droughts, bushfires and a month’s worth of rain in a matter of minutes affect the capital city and the rest of the Sunshine State.According to CoreLogic CEO Lisa Claes, a property’s hazard profile will become just as significant as its physical attributes.“There will be greater demand from our customers for seamless delivery of relevant data relating to property risks in the same way they leverage property values, ownership and construction data,” she said.As a result, she believes 2020 will see further changes in the real estate industry’s operating environment with the rise of desegmentation. more to read atx Year in summary: Trends and predictions for the Br... Over the past year, Brisbane has become the “safe choice” for property investors looking to avoid the negative impacts of the declines in Sydney and Melbourne. Will the Queensland capital continue... www.smartpropertyinvestment.com.au
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Melbourne
Peace of mind is essentially assured for homeowners in the Macedon Ranges, Moorabool, Melton and Wyndham, with new research identifying the fringe regions as Melbourne’s most bulletproof markets. Not one seller lost a cent on a house or unit deal in a region on Melbourne’s fringe for most of last year, and vendors in several other areas also made stellar profits. See our bulletproof suburbs. This was the case for the previous two quarters as well.Vendors in Moorabool, Melton and Wyndham enjoyed almost flawless profitmaking rates above 98 per cent in the September quarter, and those in Casey, the Mornington Peninsula, Frankston, Cardinia, Banyule and Hobsons Bay, above 97 per cent. Across greater Melbourne, 93 per cent of homes sold in the period for more than their owners originally paid.This was up from 92.2 per cent in the previous quarter, but down from 95.2 per cent a year prior. Sellers in the Casey region remarkably earned the biggest total profit by value in the September quarter: a combined $621.23 million. Those in blue-chip Boroondara made the highest median profit of $571,500 per sale. A “weak performance of unit resales” made the CBD Melbourne’s least profitable market. Almost 33 per cent of homes sold for less than the vendors paid for them, equating to a total loss of $69.85 million. Citywide, CoreLogic found Melbourne houses had a higher profitmaking rate that units, at 96.6 per cent versus 85 per cent. BULLETPROOF SUBURBS Macedon Ranges: 100% of sales made a profit / $380,000 median profit / $71.55m total value of profit.Moorabool: 98.9% / $219,500 / $54.1mMelton: 98.3% / $225,000 / $267.33mWyndham: 98.2% / $291,450 / $456.89mCasey: 97.4% / $288,500 / $621.23mMornington Peninsula: 97.4% / $321,000 / $597.86mFrankston: 97.4% / $244,000 / $327.43mCardinia: 97.4% / $235,000 / $218.33mBanyule: 97.3% / $393,500 / $253.65mHobsons Bay: 97% / $282,000 / $189.98m Source:x Bulletproof suburbs where sellers are making bank Peace of mind is essentially assured for homeowners in the Macedon Ranges, Moorabool, Melton and Wyndham, with new research identifying the fringe regions as Melbourne’s most bulletproof markets. www.news.com.au
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Revealed: Brisbane’s cheapest rental suburbs near the CBD.TIME is running out for tenants to pay cheap rent and live close to Brisbane’s CBD, with the city fast turning into a landlords’ market. Rents are on the rise and vacancies tightening in the river city, but savvy tenants still have a window of opportunity to bag a bargain close enough to the big smoke without having to sacrifice lifestyle. The most affordable suburb to rent a house within that radius in Brisbane is Rocklea, 9km south-west of the city centre, where the median weekly rent for a three-bedder is $365. There are currently 15 properties for rent in Rocklea, with the majority being freestanding houses, townhouses and units.Chermside in Brisbane’s north also offers tenants bang for buck with a median rent of $390.The suburb is also 9km from the CBD, but has a Westfield shopping centre at its doorstep, along with plenty of transport options. The latest data released by SQM Research reveals asking rents for houses in Brisbane increased 0.9 per cent in December to $473 a week – that’s 3.4 per cent higher than they were a year ago.The rental vacancy rate increased slightly during the month, but is still tight at 2.9 per cent, and lower than the 3.2 per cent recorded the same time last year. source:-x Revealed: Cheapest rental suburbs near Brisbane CB... TIME is running out for tenants to pay cheap rent and live close to Brisbane’s CBD, with the city fast turning into a landlords’ market. www.news.com.au
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