Property Market Outlook for Whittlesea City, VIC

Located in the Northern suburbs of Melbourne is the City of Whittlesea. With a land area of approximately 490 sq. km, the City of Whittlesea features urban as well as rural areas with majority of population concentrated in the urban areas.

The economy of the City of Whittlesea is divided into construction, healthcare, manufacturing and retail trade in the urban areas while farming and grazing are characteristic of the rural areas. A substantial amount of construction projects indicate growth in Whittlesea City with building approvals valued at $645m as of 2019-2020 Jan fiscal year to-date.

The City of Whittlesea is one of the most promising LGA in Melbourne in terms of growth, a trend that is expected to continue in the future. In Australia, it is among the fastest growing municipalities while the fourth largest local government in Victoria…

2020-2021 Property Market Outlook for Ballarat, VIC

Ballarat is the largest city of the Central Highlands of Victoria and is the third largest inland city in Australia. Ballarat first came to prominence as a gold boom town in the 1850s and the wealth of the mining industry is reflected in the fine historic buildings in the city centre. At a distance of around 120 km from the centre of Melbourne, Ballarat offers commuters a cheaper alternative to big city living. The average house sales price here is just shy of A$474,000, which compares to an average of A$1,153,000 in Mooney Valley City, A$982,000 in Marybyrnong City, and A$1,473,000 in the Melbourne City LGA. The city is also a centre of commerce in its own right, offering plenty of local employment opportunities. This economic duality means that the local housing market has always been successful…

2020-2021 Property Market Outlook for Mornington Peninsula Shire, VIC

The local government area (LGA) of Mornington Peninsula Shire juts out between Port Philip Bay and Western Port Bay to the south of Melbourne. The environment ranges from the commuter towns of Mornington and Mount Eliza, to country locations such as Red Hill and the vacation spots of Dromana and Tootgarook. This is a desirable location filled with high-value homes. The property market in Melbourne hasn’t been doing very well recently and the gravitational pull of the state’s capital has dragged nearby property markets down, too. Only LGAs away from Melbourne, such as Greater Geelong City, Surf Coast Shire, Bass Coast Shire, and South Gippsland Shire have managed to experience property price rises.

2020-2021 Property Market Outlook for Moreton Bay, QLD

The local government area (LGA) of Moreton Bay occupies an enviable position between Brisbane City to the south and the Sunshine Coast to the north. The LGA includes the facilities of its major towns—Burpengary, Morayfield, and Caboolture – along with rolling countryside and accessible beaches. Areas like Moreton Bay, to the north of Brisbane offer a stable place for property investment.
As can be seen in the map below, areas to the north of Brisbane are faring better in the current property market for houses than the LGAs to the south of Queensland’s capitol.

2020-2021 Property Market Outlook for The Shire of Hornsby, NSW

The local government area (LGA) of the Shire of Hornsby lies on the northern edge of Sydney’s urban area. Property values in the LGA are very closely tied to the economic success of the county’s largest city. After experiencing very strong price growth, the Sydney property boom is going through a period of correction. As can be seen in the map below, Sydney’s urban area has started to experience price falls. The attractiveness of property in the Shire of Hornsby has been reduced by the market price correction. It has been one of the worst hit LGAs in the region.

2020 Property Market Outlook for Central Coast, NSW

The Central Coast Council area lies between the urbanisations of Sydney and Newcastle and is commutable to both cities. The proximity to major commercial centres, good work prospects, and attractive costal communities makes this local government area one of the most expensive for housing in the country. As can be seen in the map below, property in the urban area of Sydney has been falling in value recently. By a ripple effect, the Central Coast has also seen falls, but to a lesser extent than areas closer to the centre of Sydney.

2019-2020 Property Market Outlook for Lake Macquarie, NSW

The City of Lake Macquarie is within the Greater Newcastle Area, being adjacent to the City of Newcastle local government area (LGA). At a distance of 150 km, Sydney is easy to reach from Lake Macquarie. However, the housing market of the LGA isn’t treated as part of Sydney’s commuter belt and is more influenced by economic developments in Newcastle. As the map below shows, Lake Macquarie property performance has not been dragged down by the downturn in the Sydney urban area, where a correction from previous overheating has seen negative growth.

2019-2020 Property Market Outlook for Blacktown, NSW

Blacktown lies on the edge of the crowded urban area of Sydney. This local government area (LGA) is less densely packed than nearby localities just a few kilometres to the East. Despite being more spacious than inner Sydney, the LGA’s property market did not perform as well as those city centre districts in 2019.

2019-2020 Property Market Outlook for Canberra

The property market in the Australian Capital Territory has not performed as well in 2019 as the area’s neighbouring zones, notably, the Yass Valley and Snowy Monaro regional council zones. A factor to note when comparing the property markets in these areas is that of sales volume. The ACT is a larger market than neighbouring LGAs. Sales by house and unit market segments for 2018-2019 register in the thousands, whereas surrounding council areas only experience sales in the hundreds per property type.

Selling or Buying? Tools for Estimating your Home’s Value.

The ability to appropriately estimate the value of your home can help you with determining if your investment has appreciated in value. You can use that information to inform your decision on whether to sell now or wait. If you plan to keep the property as a rental, its estimated value can also assist in calculating how much to rent it for.