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…
Tag: Real estate 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…
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…
New listings rose, sold properties decreased, and days on market increased in January, as to be expected following the Christmas holidays. Sold properties also decreased when compared with January of 2024. Median sold prices rose with the Newcastle LGA now at $974K, Lake Macquarie: $867K, Port Stephens: $840K, and Maitland: $770K. *Local data sourced from…
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…
Data from REA Group shows a drop in sold volume for September, when traditionally we expect to see a lift coming into the Spring market. Across the Newcastle LGA, sales dipped to 224 in September from 244 in August and 250 in September of 2023. Other local LGAs followed suit: Lake Macquarie down to 251 from 265…