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 October 2020 |
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Month |
Quarter |
Annual |
Total return |
Median value |
Sydney |
0.1 % |
-0.6% |
6.1 % |
8.8 % |
$ 860,955 |
Melbourne |
-0.2% |
-2.2% |
0.7 % |
4.1 % |
$ 666,240 |
Brisbane |
0.5 % |
0.9 % |
3.5 % |
7.5 % |
$ 510,353 |
Adelaide |
1.2 % |
2.0 % |
4.4 % |
8.5 % |
$ 455,425 |
Perth |
0.6 % |
0.9 % |
0.0 % |
4.3 % |
$ 456,267 |
Hobart |
1.0 % |
1.6 % |
6.5 % |
11.9 % |
$ 498,073 |
Darwin |
1.2 % |
3.9 % |
2.8 % |
9.4 % |
$ 398,910 |
Canberra |
1.0 % |
1.9 % |
6.8 % |
11.8 % |
$ 656,739 |
Combined capitals |
0.2 % |
-0.5% |
3.7 % |
7.1 % |
$ 638,264 |
Combined regional |
0.9 % |
1.3 % |
4.8 % |
9.6 % |
$ 403,181 |
National |
0.4 % |
-0.1% |
3.9 % |
7.6 % |
$ 559,254 |
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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 .