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
- Oxley, 18.7 days
- Higgins, 21 days
- Downer, 21.2 days
- Flynn, 21.3 days
- Dickson, 22.2 days
- Evatt, 22.4 days
- Scullin, 24 days
- Cook, 24.5 days
- Fraser, 24.7 days
- Spence, 25.2 days
Townhouses/Apartments
- Calwell, 22.8 days
- Weston, 23.3 days
- Cook, 23.3 days
- Deakin, 25.4 days
- Pearce, 26.7 days
- Stirling, 28.4 days
- Page, 36.3 days
- Forde, 38.7 days
- Monash, 41 days
- 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