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Market Wrap - July 2016

Market Wrap - July 2016

29 July 2016 Symon Badenoch

Below are the latest June statistics for the ACT Region. 

 

We have included a list of the quickest selling suburbs for houses, townhouses and apartments along with median sales prices and average days on market.

 

In regards to the rentals we have included average days on market, how many properties rented, median rental price and how many new listings have entered the market.

 

 

 

 

 

 

 

 

SALES

QUICKEST SELLING SUBURBS

Houses

  1. Oxley, 18.7 days
  2. Higgins, 21 days
  3. Downer, 21.2 days
  4. Flynn, 21.3 days
  5. Dickson, 22.2 days
  6. Evatt, 22.4 days
  7. Scullin, 24 days
  8. Cook, 24.5 days
  9. Fraser, 24.7 days
  10. Spence, 25.2 days

 

Townhouses/Apartments

  1. Calwell, 22.8 days
  2. Weston, 23.3 days
  3. Cook, 23.3 days
  4. Deakin, 25.4 days
  5. Pearce, 26.7 days
  6. Stirling, 28.4 days
  7. Page, 36.3 days
  8. Forde, 38.7 days
  9. Monash, 41 days
  10. Fraser, 41.1 days

 

MEDIAN HOUSE PRICE FOR JUNE 2016

Property Type

Median

All

$540,750

Houses

$610,250

Townhouses

$443,500

Apartments/Units

$381,250

 

DAYS ON MARKET

District

All Houses

All Townhouse/Apartments

Belconnen

45.1

103.1

Greater Queanbeyan

204.8

148.4

Gungahlin

96.9

66.3

Molonglo Valley

250.6

246

North Canberra

38.1

105

South Canberra

46.1

126.2

Tuggeranong

67.7

73.7

Weston Creek

53.2

193

Woden Valley

46.4

90.3

 

MILLION DOLLAR SALES VOLUME

Year to date is up 5.9% on this time last year.

 

RENTALS

 

 REGIONS - AVERAGE DAYS ON MARKET

District

Houses

Townhouses & Apartments

Belconnen

30.4

22.7

Greater Queanbeyan

34.5

31.4

Gungahlin

22.1

20.2

North Canberra

31.5

28.9

South Canberra

49

31.2

Tuggeranong

25.9

24.6

Weston Creek

28.6

36.9

Woden Valley

36.2

32.3

 

1021 residential properties rented

  • Annual decrease of -14.8%
  • Quarterly decrease of -7.9%
  • Monthly decrease of -7.9%

ACT and Queanbeyan median rent $420

  • Annual increase of +5.0%
  • No month-on-month change

1198 newly listed residential properties

  • Annual decrease of -14.2%
  • Quarterly decrease of -7.7%
  • Monthly increase of +11.1%

On average a property spent 28.8 days on market (time listed to rented)

  • Annual decrease of -19.9%
  • Monthly increase of +4.5%

 

If you wish to discuss the current market or any other issues relating to your investment property feel free to give our team a call.

 

DATE SOURCE:  Allhomes.com.au