Brisbane Affordable & Liveable Property Guides 1st Half 2020
Brisbane Metro offers unique opportunities. House owners can be more confident of their property value, as real capital growth has transpired, whereas unit buyers can capitalise on a more affordable market. For the first time in the Affordable & Liveable Property Guide series, the percentage premium added to the Queensland average home loan to identify highly liveable suburbs is -1% for units. This suggests that not only is the Brisbane Metro unit market more affordable, but that the cost of liveability have also decreased.
Hobart Affordable & Liveable Property Guides 1st Half 2020
A key finding in this report was that in order to identify affordable and liveable areas, rental performance of suburbs was reconsidered. Suburbs that had a vacancy rate marginally above Hobart Metro’s already tight vacancy rate were allowed, as well as suburbs with unit rental yields below Hobart Metro’s average.
Melbourne Affordable & Liveable Property Guides 1st Half 2020
A key finding in the Affordable and Liveable Melbourne Property Guide 1st Half 2020 report is that most of the affordable and liveable suburbs identified continue to be spread out overall, with some concentration to the north of the Melbourne CBD. These suburbs have ticked the right boxes regarding the best possible affordability while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities.
Sydney Affordable & Liveable Property Guides 1st Half 2020
The Sydney Metro market has shifted to return towards its previous trend of an increasingly premium property market. This is especially evident at the extremities of the price point analysis, with 0.0% of suburbs falling below $500,000, and suburbs above $2,000,000 accounting for a record 27.6% of available suburbs. An increase in affordability was a feature of the 2nd Half 2019 report, however the 1st half of 2020 signals a return to the trend previously seen in the 2nd Half 2018 and 1st Half 2019 reports, with declining affordable options.
Brisbane - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018/191 the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 8.1%. During this time, the median house price remained stable, growing by 0.7% (to $675,000) and showing market resilience. The Brisbane LGA unit market has seen a sustainable level of price growth, with a median price of $450,000 in 2018/191.
Melbourne - Affordable & Liveable Property Guide 1st Half 2019
The Melbourne Metro house median price slightly softened by -0.4% between 2017 and 2018/20191, whereas the median unit price remained resilient, growing by 1.7% during the same time frame. Although a softening in the housing market was predicted, further growth in the unit market was not. Affordable house and unit options can be found in the north, south and east of Melbourne Metro, which opens the market up to more first home buyers.
Sydney - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
Hobart - Affordable & Liveable Property Guide 1st Half 2019
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
Affordable & Liveable Property Guide 2nd Half 2018 - Brisbane
Brisbane: Between 2017 and 2018, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 5.0%, yet the median house price softened by -1.0% to $670,000. The Brisbane LGA unit market has also become affordable as prices softened by -1.0% to $439,000 in 2018.
Affordable & Liveable Property Guide 2nd Half 2018 – Melbourne
Melbourne Metro house median price experienced a softening of -8.1% from 2017 to 2018, median unit prices softened at a more moderate rate of -2.6%. House and unit buyers looking for affordable options should target the north-east and south-east.
Affordable & Liveable Property Guide 2nd Half 2018 – Sydney
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
Affordable & Liveable Property Guide 2nd Half 2018 – Hobart
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
