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Market Wrap

Market Wrap

30 November 2017

 


SALES MARKET DATA

 

Quick States:

692 Houses supplied – 8.5% increase year-on-year

432 Houses sold – 0.4% increase year-on-year

420 Units supplied – 14.8% increase year-on-year

254 Units sold – 7.7% increase year-on-year

(Year-on-year monthly sales compared to monthly sales of previous year)

 

MEDIAN PROPERTY PRICE

Property Type 

Median

Houses

$669,000 – 7.4 % increase YoY

Townhouses

$467,500 – 4.5% increase YoY

Apartments/Units 

$395,000 – 0.4% decrease YoY

*Median price has been calculated from sales over the previous quarter. Trends are based on the moving median price change.

 

DISTRICT PRICE

District

House Price

YoY

Unit &

Townhouse

YoY

Belconnen

$600,000

10.0% increase

$390,500

2.5% increase

Greater 

Queanbeyan 

$645,000

6.2% increase

$330,000

13.7% increase 

Gungahlin

$699,000

7.9% increase

$429,000

12.6% increase

Inner North

$930,000

7.2% increase

$470,000

2.8% increase

Inner South

$1,285,000

12.7% increase

$475,000

4.3% decrease

Tuggeranong

$570,055

8.7% increase

$414,000

3.3% increase

Weston Creek

$670,000

5.6% increase

$440,500

3.7% increase

Woden Valley

$880,000

8.1% increase

$455,000

1.4% increase


AUCTION CLEARANCE RATES

Weston Creek

79%

Belconnen

76%

Inner North

76%

Greater Queanbeyan

74%

Gungahlin

74%

Inner South

62%

Woden Valley 

58%

Tuggeranong

57%

 

RENTAL MARKET DATA

 

Quick States:

431 Houses listed – 9.5% increase year-on-year

372 Houses leased – 1.8% decrease year-on-year

942 Units listed – 14.5% increase year-on-year

789 Units leased – 4.2% increase year-on-year

(Year-on-year monthly sales compared to monthly sales of previous year)

 

 WEEKLY RENT BY DISTRICT

District

Days to lease

YoY

Houses

YoY

Units & Townhouses

YoY

Belconnen

23

7.4% increase

$480

6.1% increase

$395

3.3% increase

Greater Queanbeyan

26

4.9% increase

$480

11.3% increase

$315

0.4% decrease

Gungahlin

23

8.5% decrease

$570

9.4% increase

$420

3.9% increase

Inner North 

29

1.4% decrease 

$570

9.4% increase

$440

6.6% increase

Inner South

23

1.5% increase

$630

5.2% increase

$460

3.5% increase

Tuggeranong

23

14.5% decrease

$470

5.1% increase

$410

2.2% increase

Weston Creek

23

5.0% increase

$540

7.1% increase

$410

0.3% decrease

Woden Valley 

27

21.9% increase

$580

10.7% increase

$400

3.0% increase

 


WEEKLY RENT BY PROEPRTY TYPE

Property Type

Price

YoY

4+ bedroom house

$610

5.4% increase

2-3 bedroom house

$475

4.8% increase

2-3 bedroom unit 

$440

6.3% increase

1 bedroom 

$370

5.4% increase


DATE SOURCE:  Allhomes.com.au