NATIONAL HOUSING VALES Dwelling values rose 2.2% from July to September, the largest quarterly increase since May 2024 (also 2.2%).* Annual growth trended higher for the fourth consecutive month, 4.8% in the 12 months to September (up from 3.7% for the 2024-25 financial year). LOCAL MARKET Days on market dropped to 28 days for the…
Category: Market update
Spring selling season is set for a boost in eligible buyers thanks to the Federal Government’s expanded Home Guarantee Scheme. From October 1 the scheme, which allows eligible first home buyers to avoid lenders mortgage insurance while purchasing a home with a 5% deposit, will now: – scrap income and place limits, and – raise…
We’re seeing a clear rise in demand for pre-market sales. More and more buyers are enquiring about pre-market opportunities and asking to join mailing lists. A period of high interest rates and limited borrowing capacity led savvy buyers to seek out opportunities early and beat the crowds. For sellers, advertising a property pre-market to database…
Realestate.com.au’s (REA) mid-year report is in. Houses in NSW sold fastest in two local suburbs: Beresfield tied for first with a median of 18 days on market over the last 6 months, while Cardiff South tied for third, with a median of 19 days on market. Nationally, the median days on market were 37…
Cotality (previously CoreLogic) has just released their June quarter insights. The market shows a positive inflection in national housing values since February, aligned with the first rate cut in over four years. The real catalyst, according to Executive Research Director Tim Lawless, was the anticipation of rate cuts. “We were already seeing housing values moving…
Carrington, Stockton, Tighes Hill and Hamilton were Newcastle’s top-growth suburbs over the last year, according to realestate.com.au’s article examining satellite cities outperforming their capital counterparts. MONTHLY HIGHLIGHTS: – 5 interested parties – Last sold in Sep 2020 for $5 million – Originally built in 1970; renovated in 2021; buyers plan to knock down and redevelop (residential).…
Sales Trends – March 2025 Median Days on Market *Local data sourced from realestate.com.au MONTHLY HIGHLIGHT:
New listings lifted in February across all four local LGAs. Sold listings also rose but weren’t as strong as February of last year (except for Maitland, which performed similarly: 140 sales vs. 141 last Feb). February sales are still higher than in 2023 across all four local LGAs, and similar to that of 2022, the…
Sold properties increased in November across the Newcastle, Maitland and Port Stephens LGAs by 6%, 15% and 25% respectively (Newcastle: 278, Maitland: 166, Port Stephens: 128). This was expected after the boom in new listings in October at the height of the Spring Selling Season. The Lake Macquarie LGA reported a slight drop in sales…
We are pleased to report that sold volume rose in October across all four local LGAs, most notably Newcastle and Lake Macquarie. Data from REA Group shows 262 properties sold in the Newcastle LGA in Oct, up from 224 in Sept, 244 in Aug, and also up from 254 in Oct of 2023. 300 properties…