The diversity in the housing market highlights

December Property Snapshot Infographic

The capital city housing markets remain extremely diverse. Home values have recorded strong growth over the past year in Sydney and Melbourne, moderate growth in Brisbane and Canberra while values have fallen across each of the remaining capital cities with much greater falls in Perth and Darwin. More recently we have seen signs of falling values in Sydney and slowing value growth in Melbourne while markets such as Brisbane and Canberra continue to record low levels of value growth. Outside of the capital cities, regional markets linked to the resources sector are generally seeing home values and transactions remain weak. On the other hand, coastal and lifestyle markets are generally bouncing back with both values and buyer demand generally lifting.


The diversity in the housing market highlights the different growth drivers that are evident from region to region. The economies of Sydney and Melbourne are relatively sheltered from the downturn in the resources sector and have benefited from a very healthy services sector and positive population inflows while the mining states and territories are experiencing softer economic conditions and a sharp wind down in population growth.The annual expansion in investor related housing credit has now dropped to a pace that is lower than APRA’s mandated 10% growth per annum while credit growth for owner occupiers is expanding. With many banks now placing a premium on investment mortgage interest rates and also increasing mortgage rates and serviceability limits on all mortgages we are seeing evidence of a cooling in investment housing demand. While investor demand appears to be slowing, owner occupier demand is rising as many banks switch their focus to this market segment.


The cumulative effect of tighter lending conditions, more expensive mortgage rates for investors and lower yields, as well as natural affordability constraints and higher levels of new housing supply, is likely to continue to impact the Sydney and Melbourne housing markets resulting in a further slowdown in these cities. On the other hand South-East Queensland looks set to see further increases in housing demand and potentially stronger value growth. Hobart and Canberra also appear better set for value growth over 2016 due to improving housing and economic conditions and relatively more affordable housing compared to Sydney and Melbourne.

MEDIAN VALUES AND GROWTH RATES
Perth $510k -3.7%
Adelaide $420k -0.1%
Melbourne $610k 11.2%
Darwin $520k -3.6%
Brisbane $475k 4.1%
Sydney $800k 11.5%
Canberra $585k 4.1%
Hobart $350k -0.7%
City House Price Percentage Growth
Median prices are based on sales over the three months to December 2015 and the figure is the combined median for houses and units. Percentage growth is calculated on the change in the CoreLogic RP Data Home Value Index between 31 December 2014 and 31 December 2015.
NUMBER OF HOMES FOR SALE
18140 NEW LISTINGS
102420 TOTAL LISTINGS
These results are calculated across capital city properties that have been advertised for sale over the past 28 days. A new listing is one which has not been advertised for sale over the past 6 months.
AVERAGE TIME ON MARKET

Time on market is the average number of days between when a property is first listed for sale and the contract date
Sydney
Houses Units
30 29
Days Days
Melbourne
Houses Units
30 31
Days Days
Brisbane
Houses Units
56 62
Days Days
Adelaide
Houses Units
52 58
Days Days
Perth
Houses Units
77 83
Days Days
Hobart
Houses Units
47 42
Days Days
Darwin
Houses Units
87 102
Days Days
Canberra
Houses Units
26 53
Days Days
VENDOR DISCOUNTING
The Rate of Vendor discounting is the average percentage difference between the original listing price and the final selling price
Sydney
-5.2%
-4.7%
Melbourne
-4.6%
-5.0%
Brisbane
-5.2%
-4.9%
Adelaide
-5.4%
-5.7%
Perth
-6.2%
-7.7%
Hobart
-6.1%
-6.1%
Darwin
-7.4%
-8.9%
Canberra
-3.2%
-4.4%
Advertisements

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
This entry was posted in LJ Gilland Real Estate Pty Ltd. Bookmark the permalink.