SELLING IN THE CURRENT ENVIRONMENT
SUMMARY
• Contrary to media speculation , capital city home values continue to rise for the year .
Like most property owners , you ’ ll probably have questions about what has and hasn ’ t changed in the way in which properties are being marketed in the current environment . Is now a good time to market my property for sale ? How can we continue to market and sell property in an efficient manner as our communities transition back to normal conditions ? And so on .
As Australasia ’ s largest real estate group , selling one in every nine properties across Australia , we are uniquely placed to provide our clients with relevant and timely information and data to assess current market activity . As a family owned and led business with 118 years of experience , we know that we can deliver you the highest quality solutions in today ’ s market .
As seen in the table below capital city house prices , with the exception of Perth have all recorded annual price growth .
We have successfully adapted our processes in order to safely fulfil the needs of our customers in the current environment . The process of selling has changed a little , yet our activity over the past few months has shown that these processes are working very effectively .
National Home Value Index November 2020 |
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Month |
Quarter |
Annual |
Total return |
Median value |
Sydney |
0.4 % |
0.3 % |
3.7 % |
6.3 % |
$ 860,967 |
Melbourne |
0.7 % |
-0.4% |
-0.9% |
2.5 % |
$ 672,172 |
Brisbane |
0.6 % |
1.5 % |
3.2 % |
7.2 % |
$ 515,267 |
Adelaide |
1.3 % |
3.4 % |
5.3 % |
9.4 % |
$ 459,896 |
Perth |
1.1 % |
1.9 % |
0.8 % |
5.2 % |
$ 463,846 |
Hobart |
1.4 % |
2.9 % |
5.6 % |
10.9 % |
$ 505,683 |
Darwin |
1.9 % |
4.7 % |
5.9 % |
11.7 % |
$ 405,857 |
Canberra |
1.9 % |
3.3 % |
7 % |
12.1 % |
$ 672,866 |
Combined capitals |
0.7 % |
0.7 % |
2.4 % |
5.7 % |
$ 642,863 |
Combined regional |
1.4 % |
2.8 % |
5.7 % |
10.6 % |
$ 411,129 |
National |
0.8 % |
1.1 % |
3.1 % |
6.6 % |
$ 565,474 |
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Source : CoreLogic |
6 The information is general information only , not financial advice , and does not take into account your individual objectives , financial situation or needs .