Toggle Menu Header

Justprop Team member

Justprop Team member

Content team at Justprop.com.au,

Some good news for the buyers in the coming months as more properties listed for sale

1Mo ago 0 Replies 134 Views
Property buyers can expect some respite from surging Sydney home prices in March and April as homeowners bring more properties to the market.
The current low listings environment has been a significant driver of the 10.5 per cent jump in home prices recorded over the past six months.
There are currently fewer Sydney homes for sale than in Brisbane, despite the Harbour City being double its size, and current listing volumes are down a quarter from this time last year.
Demand, meanwhile, skyrocketed following two cash rate cuts last year and relaxed lending policies from banks.

Property buyers can expect some respite from surging Sydney home prices in March and April as homeowners bring more properties to the market.
The current low listings environment has been a significant driver of the 10.5 per cent jump in home prices recorded over the past six months.
There are currently fewer Sydney homes for sale than in Brisbane, despite the Harbour City being double its size, and current listing volumes are down a quarter from this time last year.
Demand, meanwhile, skyrocketed following two cash rate cuts last year and relaxed lending policies from banks.

The low supply, high demand environment was a particularly heavy blow for auction buyers – upward of 40 bidders have been registering for some Sydney auctions this year, resulting in record prices.
But housing experts said the bumper prices were emboldening owners to finally list, which would take pressure off of buyers – many of who have been searching for a home since last year.

Details inside:

Share on:
Tags: Sale

Top Contributors Last 30 days

1 Joshua
2 Simon
3 Steve

Related Posts

ACT: Ginninderra Village, biggest tourist hub of ACT is on market for sale

It’s not every day that a whole village is offered for sale – especially in the heart of one of Canberra’s most popular tourism precincts. Ginninderra Village, in Nicholls, spans 11,984 square metres and comprises six single-storey buildings with a history of specialty arts and crafts, hospitality and other retail offerings. It is slap bang in the middle of one of the ACT’s biggest tourist hubs Gold Creek Village, the long-term home to popular attractions including Cockington Green, the Australian Reptile Centre, the Bird Walk, Federation Square, the George Harcourt Inn and the National Dinosaur Museum. Read more:x Historic Ginninderra Village 10 kilometres from Ca... It's got a long history as a tourist destination, and some buildings date back more than a century. www.commercialrealestate.com.au
Joshua
Joshua
1Mo ago 43 Views

Iconic farm for sale for first time in 200 years: Tasmania Property News

A HISTORIC Fingal Valley grazing property has hit the market for the first time since the original land grant in the 1820s. Cullenswood has been the home of the Legge family for two centuries including former Break O’Day Council mayor Robert Legge and his partner Jean. Colonel William Vincent Legge was born at the property in the 1840s.It is currently owned by Cullenswood Pty Ltd.Cullenswood is set on 2590ha of land across four titles and with 1300ha of arable land. The nine-bedroom homestead dates back to 1827 and was built from stone and timbers off the farm. Its gardens are home to some of the largest redwood trees in the Southern Hemisphere. Cullenswood also has its own roadside church, a local landmark dating back to 1847. Get more information fromx Historic Cullenswood on the market for first time ... This 2590ha Fingal Valley farm has a rich heritage and it offers everything that agriculture investors are looking for. www.realestate.com.au
John
John
2Mo ago 121 Views

Top three houses with tennis court for sale in Gold Coast

If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis courts.IF the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are three of the best properties on the Gold Coast market with tennis courts: 1. A tropical oasis awaits at 44-48 North Point Ave, Kingscliff.Price: $6.995 million This is unique because it is the only property available with a tennis court on the beachfront between Byron Bay and the Gold Coast 2. 11-19 Hidden Court, KingsholmePrice: $1.795 million The northern Gold Coast is home to many acreage retreats so it’s no surprise to find a luxury hideaway complete with a tennis court.On top of a ridge and offerings views to Moreton Bay and Stradbroke Island is a resort-style five-bedroom property on the market at $1.795 million. 3. 1 Winchester St, SouthportAuction: February 2 The European-inspired estate features a raft of luxury features including a pool, tennis court, two gazebos and a dining pavilion. For more informationx Top three houses for sale on the Gold Coast with t... If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis... www.realestate.com.au
Simon
Simon
2Mo ago 82 Views

Brick Floor - A new real estate start up guaranteeing house sale at agreed price

There's a new real estate start-up promising to reduce the stress of selling your home. Brick Floor guarantees to buy a seller's property - at a fixed price - before the "For Sale" sign is even posted. As CEO Dean Fraser explains, it enables the vendor to test the market and run a competitive sales campaign, with the knowledge of having a definite buyer waiting in the wings. Read More:x New real estate start-up guarantees housing sale p... There's a new real estate start-up promising to reduce the stress of selling your home. www.9news.com.au
InvestAus
InvestAus
2Mo ago 108 Views

The best houses for sale in Tasmania under $500,000

If you’d like to join people living in Tasmania, here are list of super-cute houses ready for sale under $500,000 on the Apple Isle that’ll help you beat the heat.  The best and cutest houses for sale in Tasmania fo... While most of us are sweltering, the good burghers of Tasmania are enjoying cooler temperatures. If you’d like to join them, here are some super-cute houses that won't break the bank. www.domain.com.au
Royal
Royal
2Mo ago 176 Views

VIC: Feb 2020 Melbourne market update

Despite the recent downturn, Melbourne continues to record a high rate of seller satisfaction, beating other major capital city markets across Australia. How will the Victoran capital fare for the rest of the new year? RateMyAgent’s latest Price Expectation Report, which surveyed more than 40,000 Australians, showed a significant increase in overall national satisfaction, led by an explosive recovery in metropolitan Melbourne and Sydney, where satisfaction rates rose five to six times higher in just 12 months. According to RateMyAgent’s CEO Mark Armstrong, the results show just how far the property market has recovered, with happiness doubling in the year nationally, strong gains in metro areas and a surging Victorian market leading the charge. “As we look to the year ahead there are plenty of reasons for optimism,” Mr Armstrong highlighted. The peak in happiness was seen most significantly across the Victorian market, with the state (55 per cent) overtaking Tasmania (51 per cent) this quarter as Australia’s happiest state. Apart from leading in seller satisfaction, Victoria’s Melbourne also has the second-highest median price in Australia, giving buyers the confidence to venture to Melbourne’s fringes, which are expected to display accelerated growth moving forward. In the top 20 happiest places nationally, Victoria has taken out the most regions (11), followed by NSW (seven) and Tasmania (two). Victoria holds six of the top 10 regions nationally. Property values CoreLogic’s February 2020 Home Value Index has found a rebound in the pace of capital gains across the Australian housing market throughout the month, seeing the national index rise by 1.1 per cent. The strongest capital gains were recorded in Sydney, at 1.7 per cent to $872,934, and Melbourne, at 1.2 per cent to a median house value of $689,088. On an annual basis, both cities have returned to double-digit annual growth rates, with values up by 10.9 per cent and 10.7 per cent, respectively. According to CoreLogic, the latest results “continue the recovery trend that has been running since June last year”. Melbourne was highlighted as being the “most recent city to stage a nominal recovery, with housing values surpassing the September 2017 peak last month”. The Victorian capital joins Brisbane ($503,265), Canberra ($631,862), Hobart ($488,968) and Adelaide ($439,453) in reporting housing values at record highs. For investors who are looking for more affordable entry points to the capital city markets, CoreLogic’s head of research Tim Lawless said that they find it more practical to narrow down their property search by examining lower quartile values. The lower quartile – or the most affordable 25 per cent of properties in a region – would provide a better view of the market entry point, according to him. Supply and demand According to the latest days on market data from the Real Estate Institute of Victoria (REIV), the average Melbourne house takes 34 days to be sold – down from 42 days from the corresponding period in 2019. Outer Melbourne is the fastest selling area in Metro Melbourne, with suburbs in the outer ring taking just 33 days to sell on average, followed by Middle Melbourne with 34 days and Inner Melbourne with 41 days on market. Outside the city, regional Victoria homes are seeing 55 days on average. This is down from the 57 recorded in November 2019. Warranwood and Montrose in Melbourne’s east have the shortest waiting periods across the state, with the average property taking just 15 and 16 days to sell, just over two weeks. Rental market Low vacancy rates continue to put pressure on leaseholders, ultimately affecting renters across Victoria, according to data collated by the Real Estate Institute of Victoria (REIV). Median rent for houses in Melbourne remained at $480 per week, but median rent for apartments saw an increase, with the average price now sitting at $445 a week. Still, Victoria’s rental market remains tough after another month of low vacancy rates, with the metro remaining at 2.2 per cent and regional vacancy rates for January being 1.7 per cent. “There is a strong demand for more rental properties, and sadly many families are still struggling to get a rental home,” Ms Calnan said. With new rental laws being introduced by the Victorian government, landlords are apprehensive about how the regulations will affect them, adding to the rental shortage in Victoria. Strategy Despite affordability issues, early interest and activity from investors seeking “premium” investment opportunities in 2020 have been recorded in Melbourne – a sign that such assets will only increase in popularity in the months to come, according to Colliers International Melbourne. The company’s metro sales director Ted Dwyer and associate director Ben Baines have indicated that despite a marked decrease in activity around “trophy” assets in 2019, premium investments were still considered a lucrative investment. In fact, appetite for these assets saw Victoria receive a 70 per cent clearance rate. This result is only expected to go higher through 2020. The Colliers International metro sales team reported 119 premium investment transactions in Victoria for 2019 – a total of almost $365 million worth of sales. Activity was most prominent in the metro region, where investors competed for service stations, banks and fast-food assets. The average yield for premium metro assets last year was 5.27 per cent, while regional assets achieved an average yield of 6.4 per cent. Details inside: x Property market update: Melbourne, February 2020 Despite the recent downturn, Melbourne continues to record a high rate of seller satisfaction, beating other major capital city markets across Australia. How will the Victoran capital fare for the res... www.smartpropertyinvestment.com.au
Steve
Steve
11D ago 18 Views
6 online
Sukhvinder Kaur
Sumeet
Clarissa Woody
Akash Jain
Shikha
and more ...