Distressed Property of the Week

7/39 Kenyon Street, Fairfield NSW 2165 

The vendor is now accepting offers from $359,950 on this 2-bedroom apartment located in Fairfield. This has been reduced from $374,950.00 when it was originally advertised in May 2022. The vendor is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale. The apartment currently has a tenant in place on a lease for 6 months.

According to Sam Kourouche from Professionals Real Estate - Fairfield; the apartment is located next to cafe's, public transport and the school and leisure centre. The second floor unit comprises of two bedrooms, one bathroom and features two balconies.

Now, let’s look at the numbers to gauge the property's financial appeal. Over the last 12 months, the vacancy rate for postcode 2165 has decreased to 1.4% in June 2022 from 3% in June 2021. Asking sales prices for units have decreased 9.9% over the last 12 months to 28 June 2022. The gross rental yield on units currently sits at 4.7%.  

However, asking rents for units in postcode 2165 have increased over the year by 7.5%. You can view recent sales in 2165 here. Given these figures, arm yourself with the latest market research, enabling you to possibly drive a harder bargain with the seller, who is clearly keen to get this property off their hands.

Monitor this market market and others with SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.

Auction Results

for week ending 26 June 2022
Full individual auction results can be found on our website:

Auction Listings*

for week ending 3 July 2022

* The above counts of auctions represent most recent known auction dates for the coming week.

Real Estate Realities

Mansion at Walt Disney World Resort, Complete with a Millennium Falcon-Themed Home Theater, Asks US$15 Million

An Orlando, Florida Disney-themed estate has been listed for sale for US$15 million. The 0.75-acre estate is "located in the guard-gated community of Golden Oak at Walt Disney World Resort, just five minutes from the front gate of the Magic Kingdom." 

The owners purchased the estate in 2013 for US$952,60 and according to listing agent Chris Christensen of Premier Sotheby’s International Realty’s Southwest Orlando office there is only one neighbour, so the estate "offers a lot of privacy".

The 11,000 square foot Mediterranean style residence was built in 2019 and features Disney themed stained glass windows at the entry. The inside of the property boasts a Millennium Falcon-themed home theatre and according to Christensen "a marble fireplace that’s hand carved to replicate the one in the rental apartment above the theme park’s iconic Cinderella castle."

According to the listing the property consists of seven bedrooms, 10 bathrooms, game room and a dining room with separate indoor/outdoor sections. The grounds feature a detached guest house as well as "a swimming pool with a hot tub, a waterfall and a waterslide, a covered courtyard, a summer kitchen and a gazebo overlooking the pond at the back of the property."

More . . .

SQM Research Housing Indexes

SQM Research Weekly Asking Prices Index

Week ending 28 Jun 2022		Asking Price	Chg on prev wk	Rolling month % chg	12 mth % chg
Sydney	All Houses	1,693.3	-9.3	-3.2%	8.5%
	All Units	720.0	3.9	0.8%	4.8%
	Combined	1,237.3	-3.1	-2.4%	4.7%
Melbourne	All Houses	1,171.7	-5.3	-0.8%	10.0%
	All Units	586.2	-2.3	-0.4%	4.0%
	Combined	957.6	-4.2	-1.0%	5.5%
Brisbane	All Houses	925.4	-7.1	-0.5%	34.0%
	All Units	450.9	0.6	-0.2%	14.2%
	Combined	774.1	-4.6	-0.6%	27.8%
Perth	All Houses	762.2	-5.6	0.3%	10.3%
	All Units	406.5	1.3	0.7%	4.2%
	Combined	673.2	-3.9	0.3%	8.2%
Adelaide	All Houses	722.1	-3.4	0.9%	26.2%
	All Units	352.0	2.7	0.9%	8.7%
	Combined	637.5	-2.0	0.8%	22.8%
Canberra	All Houses	1,091.6	-2.9	-0.3%	35.4%
	All Units	554.3	3.5	3.6%	16.9%
	Combined	877.7	-0.4	0.5%	28.9%
Darwin	All Houses	653.5	3.0	1.2%	8.8%
	All Units	354.8	2.2	0.9%	-5.1%
	Combined	549.8	2.7	1.1%	5.0%
Hobart	All Houses	763.9	0.0	-0.9%	17.4%
	All Units	462.4	3.3	2.6%	11.5%
	Combined	706.9	0.6	-0.6%	15.7%
National	All Houses	815.3	0.5	0.4%	18.6%
	All Units	487.6	2.1	0.5%	15.7%
	Combined	730.5	0.9	0.3%	16.7%
Cap City Average	All Houses	1,198.3	-6.2	-2.3%	11.1%
	All Units	604.6	2.9	0.6%	5.5%
	Combined	993.0	-3.1	-1.9%	7.6%

Next update: 5 Jul 2022

SQM Research Weekly Rents Index

Week ending 28 Jun 2022		Rent	Chg on prev wk	Rolling month % chg	12 mth % chg
Sydney	All Houses	826.0	2.0	2.8%	20.9%
	All Units	526.2	1.8	2.3%	14.5%
	Combined	625.4	1.8	3.1%	17.6%
Melbourne	All Houses	561.8	0.2	0.6%	8.7%
	All Units	430.5	2.5	2.1%	18.8%
	Combined	477.4	1.7	1.9%	15.3%
Brisbane	All Houses	619.0	6.0	2.8%	21.2%
	All Units	437.8	3.2	2.2%	12.8%
	Combined	530.0	4.6	3.1%	19.0%
Perth	All Houses	587.3	2.7	0.9%	12.4%
	All Units	439.5	0.5	1.6%	10.0%
	Combined	519.7	1.7	1.3%	11.3%
Adelaide	All Houses	525.5	2.5	0.2%	17.5%
	All Units	372.8	1.2	0.9%	13.6%
	Combined	474.3	2.1	0.8%	17.9%
Canberra	All Houses	770.1	-5.1	0.5%	8.3%
	All Units	566.1	-0.1	2.0%	13.1%
	Combined	656.9	-2.3	1.5%	11.3%
Darwin	All Houses	645.7	1.3	-4.4%	5.8%
	All Units	484.2	10.8	7.3%	8.3%
	Combined	551.1	6.9	1.8%	8.0%
Hobart	All Houses	525.9	2.1	-0.6%	13.8%
	All Units	468.6	4.4	2.4%	11.9%
	Combined	505.3	2.9	0.5%	13.6%
National	All Houses	589.0	1.0	1.7%	15.3%
	All Units	447.0	6.0	1.6%	12.0%
	Combined	510.0	3.8	2.1%	13.7%
Cap City Average	All Houses	661.0	0.0	1.5%	15.8%
	All Units	478.0	2.0	2.4%	14.9%
	Combined	548.9	1.2	2.4%	15.7%

Next update: 4 Jul 2022