SELLING IN THE CURRENT ENVIRONMENT
SUMMARY
• Australians may be making decisions based on mixed media reports .
• 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 a safe 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 .
We are concerned that our clients may make decisions to stay out of the real estate market based on media reports that often paint a negative picture . 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 two months has shown that these processes are working very effectively .
National Home Value Index September 2020 |
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Month |
Quarter |
Annual |
Total return |
Median value |
Sydney |
-0.3% |
-1.6% |
7.7 % |
10.6 % |
$ 859,943 |
Melbourne |
-0.9% |
-3.3% |
3.1 % |
6.7 % |
$ 666,796 |
Brisbane |
0.5 % |
0.0 % |
3.8 % |
7.8 % |
$ 449,803 |
Adelaide |
0.8 % |
0.9 % |
3.6 % |
7.8 % |
$ 449,803 |
Perth |
0.2 % |
-0.3% |
-1.0% |
3.3 % |
$ 445,717 |
Hobart |
0.4 % |
0.3 % |
6.4 % |
11.8 % |
$ 489,059 |
Darwin |
1.6 % |
2.3 % |
1.9 % |
9.2 % |
$ 398,885 |
Canberra |
0.4 % |
1.5 % |
6.3 % |
11.3 % |
$ 644,581 |
Combined capitals |
-0.2% |
-1.5% |
4.9 % |
8.3 % |
$ 635,196 |
Combined regional |
0.4 % |
0.5 % |
4.3 % |
9.1 % |
$ 397,791 |
National |
-0.1% |
-1.1% |
4.8 % |
8.5 % |
$ 554,372 |
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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 .