Home values increased by 1.0% in September 2016 with values 2.9% higher over the third quarter

  • Combined capital city home values increased by 1.0% in September with values rising in all capital cities except for Perth and Darwin
  • Home values were 2.9% higher over the three months to September 2016 with home values in Brisbane, Perth and Darwin falling over the quarter
  • Over the first nine months of 2016, capital city home values have increased by 8.6% and Perth and Darwin are the only cities in which values have fallen
  • Over the past 12 months, combined capital city home values have increased by 7.1% which is up from a recent low of 6.1% at the end of July
  • Across the individual capital cities, the annual change in home values have been recorded at +10.2% in Sydney, +9.0% in Melbourne, +3.0% in Brisbane, +6.5% in Adelaide, -7.0% in Perth, +8.7% in Hobart, -6.0% in Darwin and +9.0% in Canberra
  • Capital city house values have increased by 7.3% over the past year compared to a 6.1% increase in unit values


Settled home sales have continued to trend lower

  • Over the 12 months to September 2016 it is estimated that there were 326,662 houses and 128,432 units sold and settled nationally with house sales -9.3% lower and unit sales -14.9% lower over the year
  • Across the combined capital cities there were an estimated 197,108 houses and 92,986 units sold over the 12 months to September 2016. House sales are -12.5% lower over the year while unit sales are down -17.2%.
  • Most capital cities are seeing the number of sales trending lower however, there are signs in Perth that sales are stabilising while they are starting to rise in Adelaide and Darwin
  • It is important to note, the large volume of off-the-plan sales currently means there is a high likelihood unit sales volumes will be revised higher over the coming years, these properties will be entered into the database at their contract date but will not be available until they have settled.


Selling time and discounting levels for homes have been steady over recent months

  • The typical capital city house is currently selling after 49 days compared to 38 days a year ago while the typical capital city unit takes 48 days to sell compared to 36 days a year ago
  • The average level of discount is recorded at 5.8% for houses and units compared to 6.1% for houses and 5.4% for units 12 months ago
  • Auction clearance rates have rebounded in 2016 and have been sitting at above 75% for the past five consecutive weeks


New listings are much lower than a year ago while total listings are at similar levels

  • Over the past 28 days there were 45,634 new homes listed for sale nationally and 27,337 of these were listed across the capital cities
  • New listings are 0.5% higher than they were a year ago nationally and -2.6% lower across the combined capital cities
  • There were 231,650 total listings nationally over the past four weeks and 103,739 total capital city listings
  • Nationally, total listings are -1.9% lower than a year ago while they are 3.4% higher across the combined capital cities
  • In Sydney in particular there a significantly fewer new listings than there were at the same time a year ago


Economic data remain mixed

  • New lending to both investors and owner occupiers has fallen from recent peaks with investor lending recording a much greater decline however, investment lending increased in July
  • Total housing credit is rising however, investment credit growth continues to slow and is now increasing at a rate which is less than half that of APRAs 10% threshold for annual growth although monthly data shows growth in investor credit is picking-up
  • The rate of population growth at a national level is lower than recent highs but has steadied over recent quarters thanks to improving net overseas migration
  • Dwelling approvals eased a little in August but remain at historically high levels
  • Consumer sentiment remains at a fairly neutral setting
  • The unemployment rate was recorded at 5.6% in August although employment growth continues to be largely driven by part-time rather than full-time employment
  • The Reserve Bank left official interest rates on hold at 1.5% in October 2016



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. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
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