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Market Wrap

Market Wrap

31 October 2017

 

SALES MARKET DATA

  • Competetive buyers across all districts have have helped to maintain strong auction performance across the month
  • Within the last 7 days, Allhomes reported 270 properties hit the Canberra market

 

Quick States:

390 Houses supplied – 2.7% increase year-on-year

403 Houses sold – 0.9% decrease year-on-year

307 Units supplied – 11.6% inc0rease year-on-year

243 Units sold – 22.5% 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 $458,000 – 4.3% increase YoY
Apartments/Units  $382,000 – 0.6% 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 $585,000 9.6% increase $387,750 2.5% increase

Greater 

Queanbeyan 

$635,000 5.8% increase $315,000 8.4% increase 
Gungahlin $720,000 8.8% increase $423,500 1.9% increase
Inner North $921,000 9.5% increase $480,000 2.5% increase
Inner South $1,350,000 14.6% increase $480,000 2.2% decrease
Tuggeranong $576,625 8.6% increase $403,500 1.5% increase
Weston Creek $668,750 7.1% increase $452,000 3.8% increase
Woden Valley $870,000 10.8% increase $430,000 4.8% 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
Inner North  88%
Belconnen 80%
Gungahlin 78%
Tuggeranong 75%
Woden Valley 71%
Inner South 70%
Greater Queanbeyan  69%
Weston Creek 60%

 

RENTAL MARKET DATA

  • The price has risen annually for both 2-3 and 4 bed plus homes 
  • The same has also applied to apartments with the median rent increasing $20 for 2-3 bedroom units
  • 1 bedroom units also increased $20 to a median price of $370

 

Quick States:

353 Houses listed – 0.3% increase year-on-year

326 Houses leased – 7% decrease year-on-year

783 Units listed – 13.2% increase year-on-year

760 Units leased – 2.2% increase year-on-year

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

 

 WEEKLY RENT BY DISTRICT

District Days to lease Houses YoY Units & Townhouses YoY
Belconnen 26 $460 5.6 increase $390 5.4% increase

Greater Queanbeyan

25 $480 11% increase $290 1.5% increase
Gungahlin 22 $550 7.9% increase $410 5.1% increase
Inner North  29 $550 8.7% increase  $440 7.9% increase
Inner South 34 $595 0.6% increase $460 4.0% increase
Tuggeranong 21 $467.5 4.9% increase $410 4.2% increase
Weston Creek 26 $520 5.9% increase $420 3.8% increase
Woden Valley  40 $545 8.8% increase $400 7.0% increase

 


WEEKLY RENT BY PROEPRTY TYPE

Property Type Price YoY
4+ bedroom house $600 4.6% increase
2-3 bedroom house $460 4.2% increase
2-3 bedroom unit  $440 7.5% increase
1 bedroom  $370 5.4% increase


DATE SOURCE:  Allhomes.com.au