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HOUSING BOOM & BUST REPORT - Out Now!
Want to know the outlook for the Australian property markets in 2021?
Well Louis Christopher's 2021 Housing Boom & Bust Report was released on 3 December 2020.
As the nation works its way out of the worldwide pandemic and out of Australia’s first recession in 30 years, forecasting the property market will be difficult but the 2021 Housing Boom and Bust report will provide an accurate, impartial and detailed guide to the Australian property market in 2021.
Key features of the 2021 Boom & Bust report will include:
- Louis Christopher's personal take on the markets
- Capital city forecasts
- Main drivers of demand and supply at present and going forward
- All leading indicators such as stock on market, vacancy rates etc
- Nearly every city and regional postcode covered re: property stats plus ratings outlook
If you are interested in where the market is heading on a national level, then this is the report for you from one of the most accurate housing market forecaster in the country.
If you’re a real estate professional, financial planner or a regular mum and dad residential property investor, you will not want to miss this report, still only priced at $59.95. Click here to purchase your report.
AUCTION RESULTS for week ending 6 December 2020
Full individual auction results can be found on our website:
AUCTION LISTINGS* for week ending 13 December 2020
* The above counts of auctions represent most recent known auction dates for the coming week. ^As at 18-Oct-20, Melbourne outdoor auctions will be allowed (max. 10 people).
DISTRESSED PROPERTY OF THE WEEK
67 Blackadder Road, Swan View, WA 6056
This 3-bedroom brick home located in the Perth suburb of Swan View, approx. 20 km from Perth CBD and 13km from Perth Airport, is selling for offers from $300,000. It last sold for $345,000 in June 2015.
The home sits on a large 731 sqm corner block and has spacious living areas, 3 bedrooms, 1 bathroom, recently remodelled kitchen, floorboards and air-conditioning. The property is fully fenced with a rear patio, shed and parking for 4 cars.
This house could represent a good opportunity for families, first home buyers and investors alike. Sitting on a large corner block, the home also presents an opportunity to either sub-divide, develop, renovate or knock-down and rebuild (STCA).
Centrally located, the home is close to all amenities including a short distance to the local IGA, Coles, Swan View Shopping Centre, Midland Gate and Centrepoint shopping centres; local schools, Midland TAFE; public transport; pubs and restaurants. It is also a short drive to the Swan Valley region with its world-class wineries and breweries, top-notch eateries and bustling markets.
Asking prices for 3-bedroom houses in postcode 6056 have increased 2.1% over the last month. Units have also seen an asking price increase of 7.0% for 2-bedroom units. Compared to 12 months ago, 3-bedroom house asking prices were down 0.3% and unit sales down 1.6%.
Whilst total property sales listings in this postcode is down 2.4% in November compared to the previous month, new listings (30 days) has increased by 8.4% in November.
Asking rents in this postcode have also increased by 0.2% for 3-bedroom houses and 3.9% for units over the month. Compared to 12 months ago, the increase for 3-bedroom houses was 14.7% and 10.3% for units.
Vacancy rates have declined from 3.1% in October 2019 to 1.0% in October 2020 indicating higher demand in this area and potential for better yields. Currently a gross rental yield of 5.3% can be achieved for 3-bedroom houses, up from 4.6% in December 2019. Unit gross rental yield is currently 5.8% for units, up from 5.2% in December 2019.
Rental listings in the area decreased 2.5% in November when compared to the previous month, and levels are 50.6% lower than November 2019.
Overall, the Perth property market has begun to recover and is set to rise in 2021. Louis Christopher’s Housing Boom & Bust Report 2021 states, “Perth remains our number one value and risk/reward play for 2021 and beyond, and all reliable indicators suggest the recovery is here.”
You can monitor this market with SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.
SQM RATINGS NEWSLETTER
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