admin-ajax.php

30 things to know about the Melbourne, Sydney and Brisbane property markets

A quick 4 minute read.

Here’s what going on in the 3 biggest Australian property markets at present:

10 things you should know about the Melbourne Property Market:

  1. Sales volumes continue to rise. melbourne
  2. Both house and attached dwellings values are rising. The median house sale value is $770,000 and the median attached dwelling sale value is $564,000.
  3. House values rose 8.8% over last 12 months. Attached values rose by 5.3%.
  4. The number of houses listed for sale is falling; steady for attached stock.
  5. Resale dwelling supply is falling, dropping to about a four month supply for houses and around three months for attached dwellings.
  6. The rental vacancy rate continues to fall. It is now under 2%.
  7. Weekly rents continue to grow. The median weekly house rent is $515 and $400 per week for attached dwellings.
  8. Rents lifted by 2.7% for houses and 5.3% for attached stock over last year.
  9. Gross rental yields are now 3.3% and 3.5% respectively.
  10. Housing to buy is increasingly expensive, with a 6.7 dwelling price to household income ratio. Tenants are paying 23% of their income in rent.

10 things you should know about the Sydney Property Market:

  1. Sales volumes are now falling.
  2. Both house and attached dwellings values are rising. The median house sale value is $1,134,000 and the median attached dwelling sale value is $720,000.
  3. House values rose 12% over the last 12 months. Attached values rose by 8.6%. (Based on a data source we can trust). 
    ad_pia
  4. The number of houses listed for sale is falling; rising a bit for attached stock.
  5. Resale dwelling supply remains very tight, with under a three month supply on the market.
  6. As does the rental vacancy rate, which is still under 2%.
  7. Weekly rents continue to grow. The median weekly house rent is $720 and $530 per week for attached dwellings.
  8. Rents lifted by 4.3% for houses and 1.9% for attached stock over last year.
  9. Gross rental yields are low and falling, being 3.2% and 3.7% respectively.
  10. Housing to buy is increasingly expensive, with an 8.6 dwelling price to household income ratio. Tenants are paying 28% of their income in rent.

10 things you should know about the Brisbane Property Market:

  1. Strong lift in house sales. Attached dwelling sales now falling.brisbane-1251488_1920
  2. House values are still rising, with attached values now falling. The median house sale value is $513,000 and the median attached dwelling sale value is $399,000
  3. House values rose just 2.6% over last year. Attached values fell by 0.3%.
  4. The number of houses listed for sale is steady; whilst rising for attached stock.
  5. Resale dwelling supply has fallen for houses but is rising now for attached dwellings. They both average about a six month supply at present.
  6. The rental vacancy rate is rising. It is now over 3%.
  7. The median weekly house rent is $420 and $370 for attached dwellings.
  8. Rental growth is very low – often showing little to no change on an annual basis.
  9. Gross rental yields are now 4.1% for houses and 4.8% for attached dwellings.
  10. Housing is quite affordable to buy, with a 4.5 dwelling price to household income ratio. Tenants are paying just 19% of their income in rent.


icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive


'30 things to know about the Melbourne, Sydney and Brisbane property markets' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!