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Market Wrap

Market Wrap

31 August 2017

 

SALES MARKET DATA

 

Quick States:

327 Houses supplied – 7.7% increase year-on-year

322 Houses sold – 1.0% increase year-on-year

258 Units supplied – 13.6% increase year-on-year

280 Units sold – 39.4% increase year-on-year

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

 

MEDIAN PROPERTY PRICE

Property Type

Median

Houses

$660,000 – 7.7% increase YoY

Townhouses

$463,500 – 4.2% increase YoY

Apartments/Units

$380,000 – 1.4% 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

7.6% increase

$395,000

3.6% increase

Greater Queanbeyan

$635,000

5.1% increase

$344,500

10.6% increase

Gungahlin

$678,750

8.3% increase

$398,450

5.2% increase

Inner North

$925,000

14.5% increase

$460,500

3.2% increase

Inner South

$1,385,000

8.1% increase

$510,000

2.2% decrease

Tuggeranong

$578,000

9.0% increase

$417,000

1.2% increase

Weston Creek

$711,000

10.8% increase

$459,975

12.5% increase

Woden Valley

$820,000

6.9% increase

$400,000

3.3% increase

*Median price has been calculated from the sales over the previous quarter. Trends are based on the moving median price change. Auction clearance rates are sourced from Australian Property Monitors 1800 817 616 APM Pty Limited.

AUCTION CLEARANCE RATES

Region

Percentage Rate

Belconnen

81%

Inner South

74%

Inner North

73%

Woden Valley

72%

Gungahlin

68%

Tuggeranong

63%

Weston Creek

36%

Greater Queanbeyan

31%

 

RENTAL MARKET DATA

 

Quick States:

397 Houses listed – 8.2% increase year-on-year

389 Houses leased – 5.1% increase year-on-year

852 Units listed – 17.2% increase year-on-year

825 Units leased – 3.9% increase year-on-year

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

 

 WEEKLY RENT BY DISTRICT

District

Days to lease

Houses

YoY

Units & Townhouses

YoY

Belconnen

26

$480

6.2% increase

$390

4% increase

Greater Queanbeyan

36

$520

8.5% increase

$300

2.6% increase

Gungahlin

36

$550

6.9% increase

$400

4.6% increase

Inner North

26

$570

8% increase

$440

5.7% increase

Inner South

35

$650

4.2% increase

$480

6.1% increase

Tuggeranong

28

$490

5.3% increase

$410

1.6% increase

Weston Creek

25

$520

4.4% increase

$395

2.5 decrease

Woden Valley

37

$550

6.7% increase

$380

3.8% increase

 

WEEKLY RENT BY PROPERTY TYPE

Property Type

Price

YoY

 

4+ bedroom house

$620

5.9% increase

2-3 bedroom house

$460

4.5% increase

2-3 bedroom unit

$440

6.7% increase

1 bedroom unit

$365

5.4% increase

 

DATE SOURCE:  Allhomes.com.au