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Adelaide, SA 5000 Review
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Sarthak
Sydney
There were 882 auctions across capital cities in Australia over the weekend — this was lower than the 1,128 in the preceding weekend and the 1,533 during the same time last year. Still, the success rate remained solid at 67.5%.
The drop in auction listings was due to the weak turnout in Victoria, which currently bans onsite auctions and private inspections amid the stage four lockdown. Canberra reported the highest take-up among all capital cities. Hosting 78 auctions over the weekend, the city hit a clearance rate of 78.6%.
Sydney came second in terms of success rate, with 69.5% of the 625 auctions turning into a sale. The Real Estate Institute of Victoria (REIV) criticised the state government for keeping the "property market shut down" for an uncertain period. In a statement, REIV President Leah Calnan said the government appears to be "turning a blind eye" to the importance of a property decision in people's lives. Source: x
Auction demand still high
Turnout in auctions remain strong despite the lower number of listings
www.yourinvestmentpropertymag.com.au
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176 Views
1Mo ago
Anuj
Sydney
“Fragmented conditions in the rental market remain evident in the September quarter, with weaker unit rents compared to houses,” said Domain senior research analyst Dr Nicola Powell.
“This is particularly so in inner-city areas, which are more susceptible to changes in overseas migration and international students, tourism and job losses associated with COVID-19. Sydney Domain’s research found that unit asking rents dropped further over the September quarter, representing a 4.8 per cent decline since March, or $25 taken from the median weekly asking rent. “Since March, house and unit asking rents in the city and east region have had the largest decline in Sydney – by $125 and $80 a week, respectively. This is followed by a $70 a week reduction to unit asking rents in the lower north shore. These are the only areas in Sydney to record double-digit percentage falls over this six-month period. Tenants are now paying the same price they were in 2013.” Melbourne
The Victorian capital has seen the greatest decline in unit rents of all the capital cities – no doubt a result of the stage 4 lockdown. According to the research, unit asking rents dropped another $15 a week over the September quarter. Adelaide’s The city of churches also saw a new record over the September quarter, with Domain noting Adelaide asking rents reached $405 a week for houses and $340 for units.
“Unit rents posted the strongest quarterly gain out of all capital cities, along with Perth. Affordability is becoming stretched – rental prices have recorded the highest annual growth since 2007 for units and 2010 for houses,” Dr Powell said.
“Adelaide’s vacancy rate is once again on par with pre-pandemic March, as the estimated number of vacant rentals declines following a strong April bounce. The reduction in empty properties aligns to the easing of COVID-19 restrictions, perhaps reflecting the conversion of rentals back to holiday lets as short-term demand increases.” Continue reading at: x
Units take price hit as rental value decreases
New research by Domain has found that unit asking rents have seen the steepest annual fall nationally since 2004.
www.smartpropertyinvestment.com.au
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586 Views
13D ago
Sam2019
Sydney
Darwin reported the highest monthly growth among all capital cities in September at 1.6%, followed by Adelaide (0.8%) and Brisbane (0.4%).
However, national dwelling prices were still in the red, down by 0.1%. This decline was due to the persistent drop in Sydney and Melbourne's housing values.
Melbourne and Sydney make up around 40% of Australian’s housing stock by number and 55% by value. Declines in these two cities pushed the national figure into a fifth straight month of decline. "Remote working arrangements are no doubt a factor in supporting demand in these markets, but lifestyle opportunities and a desire for lower density housing options are also playing a part," he said. Source: x
Capital cities returning to growth
However, two of the biggest markets still dragged overall dwelling values
www.yourinvestmentpropertymag.com.au
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35 Views
24D ago
Liam
Adelaide
Adelaide is one of the most consistent property markets in Australia, given the steady demand, solid local economy, and housing affordability.
Adelaide also had a very low vacancy rate heading into the shutdown period: an overall vacancy rate below 1%, which means the city's rental market is well-placed to absorb the extra rental stock coming into the market because of the impact of the virus shutdown. "I see Adelaide as being one of the best capital cities in the nation for real estate investment with good prospects for future growth, as well as above-average rental yields," Ryder said. "The Adelaide market is traditionally quite stable, offering an affordable entry price with good long-term stability in property prices," she told Your Investment Property. "We are seeing more and more young interstate people buying in Adelaide to get their foot into the pr Source: x
Revealed: Most resilient city amid COVID-19
This capital city is not vulnerable to extreme price fluctuations, experts say
www.yourinvestmentpropertymag.com.au
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87 Views
5Mo ago
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
159 Views
7Mo ago
Joshua
InvestAus
Pakenham
With three interest rate cuts, tax cuts and an ease on lending from the major banks, last year proved to be a big one for buyers and it seemed as though they all had their eyes on certain suburbs.
These top selling suburbs were the cool kids of class 2019 – Pakenham in VIC topped the list with 924 sales followed by Adelaide with 612 sales.
Try out our latest interactive to see if you are living in a top selling suburb. Details inside: x
Suburbs with the most sales last year - realestate...
Are you living in a suburb where it feels like 'for sale' signs are forever appearing? New realestate.com.au data reveals the suburbs across the country with the most sales of 2019.
www.realestate.com.au
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151 Views
9Mo ago
Ronie
Melbourne
First home buyers can still snap up affordable homes in livable parts of the city, if they’re willing to look in less-familiar neighborhoods.
That’s the key take-away from People’s Choice Credit Union’s latest research on the most affordable and livable cities.
The research, which looked at both Melbourne and Adelaide, compared suburbs by median house price and a range of ‘livability factors’, including public transport coverage, proximity to the CBD, crime rates, and the number of schools.
Suburbs where the median home value was too large for an average young couple to receive a loan to purchase anything were ruled out.
While many of the suburbs which ranked highly on livability tended to be more expensive, the report found in both Adelaide and Melbourne first home buyers can find reasonably priced homes in neighboring areas. Read more:x
First-time buyers urged to check unfamiliar suburb...
First home buyers can still snap up affordable homes in liveable parts of the city, if theyâre willing to look in less-familiar neighbourhoods.
www.realestateview.com.au
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178 Views
9Mo ago
Royal
Sydney
With property prices rising, the five locations that will see even bigger growth have been revealed. With two notable cities missing. It seems there’s no stopping Sydney and Melbourne’s extremely hot property markets, with several months of strong price growth continuing into the new year.
But there are storm clouds on the horizon, a leading expert warns, with savvy investors beginning to focus their attention elsewhere.
In what’s traditionally a quiet month, the sharp real estate growth trend continued in January – and not just in the two biggest markets – with prices rising in every capital across Australia.
Median dwelling values were up 1.1 per cent in Sydney, adding to a total annual increase of 7.9 per cent, and rose 1.2 per cent in Melbourne, for a yearly rise of 8.2 per cent.
And in a sign that buyers remain extremely confident, auction clearance rates in the NSW capital for the first weekend of February were a staggering 77 per cent. Details inside:x
How high can Sydney property prices go?
It seems thereâs no stopping Sydney and Melbourneâs extremely hot property markets, with several months of strong price growth continuing into the new year.
www.news.com.au
0 Reply
176 Views
8Mo ago
Roma
Adelaide
Want to be near the city but can’t afford the CBD’s median $450 per week in rent? Relax, we’ve got you covered. Here are the 10 cheapest suburbs to rent in within 10km of town. THE city has always been a huge drawcard for renters attracted by its employment, educational and lifestyle opportunities.But living in a capital city often carries a price tag that puts it out of reach of many. In Adelaide’s case, that median price is $450 per week for houses, and $440 per week for units, according to real estate.com.au. New data from realestate.com.au reveals the 10 most affordable rental suburbs within 10km of Adelaide. And Adelaide’s northern and western suburbs dominate the list, with seven of the 10 located there. The average of the 10 SA suburbs is $348, making it the second cheapest city in the nation to live within 10km of the city.Only Western Australia is more affordable, at $328.50.In Sydney it’s a staggering $647.50, while in the NT it’s $488.80. read more detailx
Affordable Adelaide: Get the best of city life wit...
THE city has always been a huge drawcard for renters attracted by its employment, educational and lifestyle opportunities.
www.news.com.au
0 Reply
187 Views
9Mo ago
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