Property market update: Northern Beaches doing well

Sydney’s Northern Beaches is one region that has seen positive growth in 2019 plus there’s been an interesting development in searches for Australian property coming out of China.

 

The Northern Beaches area, according to the ABS’ statistical definition of the region, has had an annual rebound that shows that prices are improving in premium locations. But it is taking some time for this growth to reach lower-priced areas.

If we look at buyer demand on realestate.com.au, the Northern Beaches has the highest views per listing and coming in second is Sydney’s eastern suburbs.

We are also seeing high views per listing in Melbourne. It is highly likely this will be the next region to see positive year-on-year growth.

In Melbourne, house price growth in the inner city should continue to accelerate.

North east Tasmania is still performing well with annual growth to October 2019 of 3.7%. This part of Tasmania is still extraordinarily affordable.

Launceston itself is the most expensive with a median house of just $442,500 while Scottsdale, the town seeing the strongest growth (37%) has a median house price of just $245,000.

Regional Victoria is also continuing to do well with property prices in Ballarat increasing by 3.2% and Bendigo by 1.97%

Chinese search activity has now stabilised

Property searches from potential buyers in China has been falling for a long time now but for the first time since 2016 we saw a stabilisation in search rates in October.

This was particularly apparent in Melbourne and Sydney, the main markets where Chinese buyers have had a significant influence. Interestingly, there has been a significant increase in Brisbane and Perth, although these are off a low base.

Overall, search activity from overseas is now looking the most positive it has been for some time. There are likely a number of drivers for this.

Search out of the UK and Hong Kong continues to be driven by political uncertainty while more positive media around the performance of Australian property may be helping in China, Malaysia and Singapore.

Australian developers are also likely to be doing more marketing overseas, which also helps with search activity and ultimately buyer activity.

Clearance rates

There were 894 auctions in Melbourne and 609 in Sydney this weekend – still a lot less than the same time last year (1,124 in Melbourne and 844 in Sydney).

Melbourne’s clearance rate was quite a bit lower than expected at 71%.

While Sydney remained comparatively higher at 77%.

 

Ref: Nerida Conisbee (on 12 NOV 2019). Property market update: Northern Beaches doing well. Retrieved from https://www.realestate.com.au/news/property-market-update-northern-beaches-doing-well/

 

Images from realestate.com.au

房地产市场更新:悉尼北部海岸表现良好

悉尼北部海岸是2019年实现正增长的地区,此外,来自中国的潜在买家也出现了有趣的增长。

 

根据澳洲统计局对悉尼北部海岸地区的统计,该地区的年度反弹表明,优质地区的价格正在上涨。但是,这种增长需要一些时间才能影响到低价位区域。

如果我们在网站上查看买家需求,则悉尼北部海岸的房产平均浏览次数最高,其次是悉尼的东郊。

我们还注意到墨尔本的房产同样有很高的浏览次数。很有可能这将是下一个实现同比正增长的地区

在墨尔本,内城区的房价增长应该会继续加速。

塔斯马尼亚(Tasmania)东北部仍然表现良好,到2019年10月的年增长率为3.7%。塔斯马尼亚州的房产价格仍然非常实惠。

朗塞斯顿(Launceston )的房价是最昂贵的,房屋中位价也仅为$442,500元,而增长最快的小镇斯科茨代尔(Scottsdale)(增长37%)的房屋中位价仅为$245,000元。

维多利亚地区继续表现良好,巴拉瑞特(Ballarat)的房地产价格上涨了3.2%,本迪戈(Bendigo)的房地产价格上涨了1.97%

来自中国的潜在买家表现稳定

自2016年以来,来自中国的潜在买家对房地产的搜索量一直在下降,但今年十月份我们看到搜索量首次出现稳定。

中国买家对墨尔本和悉尼这两个主要市场有着重大影响,这一点尤其明显。有趣的是,尽管布里斯班和珀斯基数较低,但市场却有显着增长。

总体而言,一段时间以来,来自海外的搜索活动看起来最为积极。可能有许多潜在买家开始对澳洲房产表现出了更大的兴趣。

英国和香港的房产搜寻继续受到政治不确定性的影响,而更多有关澳大利亚房地产表现出的积极性可能正是受到来自中国,马来西亚和新加坡的潜在买家的推动。

澳大利亚开发商也可能会在海外进行更多的营销,这也有助于搜索活动,最终有助于吸引潜在买家。

清盘率

这个周末在墨尔本有894场拍卖,在悉尼有609场拍卖–仍然比去年同期少得多(墨尔本有1,124场,悉尼有844场)。

墨尔本的清盘率比预期的低了很多,为71%。

悉尼则相对较高,为77%。

Ref: Nerida Conisbee (on 12 NOV 2019). Property market update: Northern Beaches doing well. Retrieved from https://www.realestate.com.au/news/property-market-update-northern-beaches-doing-well/

 

Images from realestate.com.au