Is suburb Median Price a reliable metric to go by? Short answer is ‘No’!

Median Price is one of the most commonly reported property market metrics. All major media outlets and data providers use it to highlight real estate price levels in capital city and regional markets. In this article we will explore whether this metric is a reliable indicator to perform data-driven market research and assess suburbs for investment opportunities…

Vacancy Rate Metric Explained

Vacancy Rate is the percentage of vacant rental properties in an area reported at the end of quarter period. The lower the rate, the better. Low rates are indicative of under-supplied markets with upward pressure on rents and cash-flow yield. It’s much easier to find tenants in these markets.

Developing Property Investment Strategy during and post COVID-19

This is the third video playlist and blog post in the Over and Above series. In this post we explain all the ins and outs of planning and due diligence commonly performed by successful strategy-minded investors. Summary of the videos below:

Video 1: Maybe you would like to achieve $2000 a week passive income. Or increase your net worth to $4 million dollars. Whatever lifestyle you want to create – you need to define it and work out a plan as to how you’re going to get there. Because by identifying the goal and setting out the roadmap, you will have checkpoints and markers that will allow you to measure your performance – and know what it’s time to pick up the pace, pull in the discretionary spending, or evaluate your portfolio. It is through this ongoing evaluation and critical analysis that you will be able to take a birds eye view of the grand plan – the overall objective – and work with professionals to strategise the right next move to get you closer to the end goal.

Video 2: The common belief that there is going to be a small pool of investors who are going to be snapping up a whole lot of bargains under market value post COVID-19 – I am not so certain. It is my opinion that demand will continue to outweigh supply in markets that are currently experiencing heat. These markets possess strong local economies, multiple employment nodes, strong infrastructure and vacancy rates hovering well under 1%. Remembering the key fundamentals to purchasing property is going to be paramount to remove the temptation of buying the potential “bargain” in a town or city that does not possess the essential growth drivers for long term

Announcing New HtAG® Team Member

We have seen a couple of very good years at HtAG. The organization has experienced substantial growth — we have gone from 200 subscribers in 2018 to an excess of 1,700 this year. There are many new features in the pipeline and we are also looking at expanding internationally, bringing data science to property investors in New Zealand and Asia.

On that note, we are ecstatic to announce that Vedran Maric has been appointed to the role of Head of Finance and will be joining the HtAG board of directors. Mr. Maric has spent the last 11 years with Citibank Australia undertaking a variety of senior roles.

Introducing Key Property Market Metrics

In this video post we introduce you to the key metrics that real estate professionals use when evaluating a property market for “investability”. The 5 videos in the playlist are summarised below.

  1. Understanding the days on market for a local area could be the most powerful piece of data you get your hands on. Firstly, when buying, by understanding this key metric, you are provided an indication of the stability or volatility of a region. If the days on market are high, it can indicate that the demand is low. You will need to do further research to understand why, to be able to make an educated decision as to whether a region is investable from a purchasing perspective.
  1. Vacancy rates should be one of the first factors an investor considers before purchasing in a local area. Vacancy rates will also give you an idea of supply and demand in an area . When vacancy rates are low, you can feel confidence that you property will be tenanted quickly. Target vacancy rates of 3% or lower to reduce the risk of your property being vacant for extended periods and maximise the opportunity for a constant flow of rental income.
  1. As your first property builds up equity, you can leverage the equity in that property to purchase subsequent properties. Capital growth is king and is what will allow you to continue to utilise this strategy – either through capital growth or manufacturing growth or a combination of the two. By leveraging equity, this will allow you to hang onto your cash and still invest in property now, to continue building your portfolio.
  1. There are two types of yield to consider – gross yield and net yield. A gross yield does not take into account any expenses – from repayments, to property managements fees, maintenance, rates or insurance. Your net yield is the yield you achieve after these expenses have been factored in and demonstrates a positive or negative cashflow position. Gross yield is the simplest metric for all investors – but it is absolutely crucial for investors to control the costs associated with their investment to arrive at their net yield position.
  1. Investing in property in regional suburbs throughout Australia can minimise your risk profile and maximise your investment outcomes, along with forming a secure foundation for first time and experienced investors alike, achieved through lower entry costs. These key regional suburbs generally appeal much more to the masses as a more affordable market, which when coupled with growth drivers and fundamentals, can put pressure on property prices and rents, attracting higher yields and potential for capital growth. Careful, professional due diligence should be carried out to understand comparable recent sales in the region, days on market, vacancy rates and rental yields – all critically important, before deciding on a regional area in which to invest.

Intro to Property Investment by a Real Estate Professional

Are you just starting your property investment journey? Or are you a one time investor looking for the next opportune moment? Either way we encourage you to listen to the YouTube playlist created specifically for those aiming to adopt a professional approach to property investment and learn from a team with proven results.

This playlist is a compilation of 4 videos by Over and Above Buyer’s Agents. The playlist is a great introduction into the growth mindset that you will need to acquire in order to achieve and maintain long-term financial success through investing in property market.

Video 1: The top 2% of investors in this country are spending countless hours getting their strategy together before they even consider looking at properties. They’re lining up their professional property team and having everyone work collectively to build a strategy that suits their personal situation, income, requirements and objectives. Professional investors minimise their risk profile and position themselves to be able to leverage the success of their property portfolio.

Video 2: Not all suburbs are investable suburbs. There are many critical elements to identifying a high performance investable suburb. These include government spending, population growth, employment, low vacancy rates, affordability and projected cashflow – the higher the rental yields, the greater your net cashflow position. By combining these 6 fundamental factors, you’ll position yourself amongst the top 2% of investors who invest backed by data and statistics, rather than emotion.

Video 3: The first reason most investors never reach their full potential is that they purchased the first property with no long term plan. If they have experienced negative gearing, this often paralyses the next step. Or perhaps they have never assessed how their property is truly performing to understand if there is enough equity to leverage into another asset. Planning, strategising and measuring performance are three critical factors most investors skip over and as a result, never reach their full investment potential.

Video 4: More often than we would probably like, life throws a few curve balls at us all – and it makes us question if we’re truly ready or if it’s the right time. It all comes down to mindset. It’s not always going to be the right time. It’s not always going to feel comfortable and it certainly won’t always be convenient. But this is all part of the journey of life and the longer you wait for the perfect time to get started in property investing, you will continue to realise that nothing changes if nothing changes.

Do you have questions or comments? Feel free to post them in the comment section below.

Days on Market (DoM) and Discounting Metrics Explained

Days on Market (DoM) and Discounting are important metrics used by real estate professionals to gauge market demand. Over the last 3 months, our data analysts made good progress integrating additional data sources into our dataset, which enabled us to incorporate these 2 metrics into HtAG reports and dashboards.

Our dev team are now focusing on enabling this feature on the site, targeting an early December deadline. In this post, we are releasing the preliminary Q3 DoM/Discounting report for 3,342 suburbs to the public. The table below summarises these 2 metrics for house, townhouse, unit and land sales in Q3.

Please read till the end to see the top performing market in Australia right now. I also hope you can help me answer the questions in the last paragraph.

Deep Dive into the HtAG Algorithm with The Investor Lab

Did you know that you can outperform other investors by predicting the future of the property market? What if there is a way for you to foresee how it will be doing in the next three or four years? If you are an existing HtAG Subscriber you may already know that as unreal as it sounds, it is possible.

Matt and Sasha had a lot of fun chatting with Goose from the Investor Lab about machine-learning algorithm and how it’s different from AI… What makes the human element essential to this kind of technology… Why there are multiple growth drives that factor in… And lots, lots more!

In this video, we cover:

  1. The origins of Higher than Average Growth [04:49]
  2. The team behind HtAG [09:11]
  3. Using past property market performance data to predict the future [11:41]
  4. Challenges in predicting the property cycle, all variables considered [15:41]
  5. How HtAG measures accuracy [18:15]
  6. AI vs machine-learning algorithms and their roles in property investing [20:09]
  7. The downside of applying technology to property investment [25:21]
  8. The biggest drivers of the growth of an area [30:02]
  9. The future of HtAG [36:16]
  10. Data interpretation still requires a human element [37:45]
  11. The only way to get your answers would be to keep probing [41:15]
  12. To train an algorithm, you have to feed it with a good diet of healthy data [42:40]

Visualising Spill Over Effect and Property Demand Profile

In part 3 of our blog series, we highlighted the benefits of GRC feature. In this post we will provide an overview of the last 2 tabs on the LGA pages. Heatmap tab is a different way of presenting the GRC information in that it permits clients to look for meaningful relationships between areas and find growth clusters in terms of their rate of change. It permits for a bird’s eye view of the council area that not only highlights the geography of growth, so to speak, but also enables customers to ascertain growth corridors within a particular locality that might possess better market fundamentals and thus be of higher investment grade. The red indicates negative YoY growth while green highlights positive YoY growth.

Introduction to Growth Rate Cycles

Determining market fundamentals from ‘behaviour of the curve’ i.e. forecasts from Part 2 in this blog series is not always sufficient. It becomes pertinent only when considered alongside the rate of growth for an area. This information can be obtained from Growth Rate Cycle tab, which we will focus on in this post.

The GRC (Growth Rate Cycle) represents the rate of growth change in median value and is a little different to the ‘property clock’ which has predominantly been used by investment professionals to determine the position of the area in a cycle. The best way to highlight this difference is to explain the philosophy behind the GRC and the property clock cycle notions…

HtAG Platform Overview Video Pt.3

This is the 3rd and final video in the HtAG Platform education series. In this video we cover off:

  • Deep dive into the forecasts graphs
  • Learning how to read the GRC graphs for council and suburbs
  • Learning how to interpret LGA heatmaps & scatter plots
  • Interpreting the Demand Profile Tab
  • Conclusion to the Camden Council case study with 3 suburbs earmarked for investment

<<< Watch Part 2 of this video <<<

<<< Watch Part 1 of this video <<<

HtAG Platform Overview Video Pt.2

This is the second part of the HtAG educational video series. We will continue with the example from Part 1 and explain the following:

  • Contextual Interpretation of HtAG data in terms of strategy and personal circumstances
  • Deep dive into GRC (Growth Rate Cycle)
  • Combination of GRC and other metrics for property market assessment
  • LGA page overview
  • Interpreting the forecast graphs for median price & rent

<<< Watch Part 1 of this video <<<

>>> Watch Part 3 of this video >>>

HtAG Platform Overview Video Pt.1

We have recorded this video to introduce HtAG customers to our platform. It explains how to apply our proprietary set of tools to perform property market research, covering most of the current features available. Each feature will be explained in detail via the screen capture, which is the format of this video series.

This is the first video in the series, in which we explain the following:

  • How to use LGA map of Australia to measure council area capital growth rates
  • LGA/Suburb Ranking table and the use of filters / optional column toggles
  • Confidence levels and their significance
  • Research considerations when using the ranking table (with an example)
  • Introduction to GRC (Growth Rate Cycle)

>>> Continue to Part 2 of this video >>>

Can you see into the future and predict real estate market trends?

AI, Machine Learning, Big Data are not only IT industry buzz words but are established technologies with real-life applications. These technologies have already solved several everyday problems in the recent decade. For example, Google Maps gets you from point A to B via an optimal route in peak traffic using Big Data and Machine Learning. … Read more

Introduction to HtAG Property Investment Platform

In this case study, the author assumes the role of a hypothetical DIY investor, who is researching the Camden Council property market. He is interested in investing in this area due to its proximity to his other investments that have performed well in the past. He recently obtained preliminary advice from an investment professional, whose rationale he would like to vet by doing his own due diligence using the HtAG platform.

Property Market Outlook for Mildura LGA, VIC

Mildura is a regional city of Victoria with a population of over 53,878. Mildura is located 475 kilometers north west of Melbourne, about half way between Adelaide and Melbourne. The city is famously known as a major horticultural centre notable for its grape production. It supplies 80% of Victoria’s grapes.

The key industries within the LGA are dryland farming, irrigated horticulture (table grapes, wine grapes, dried grapes, citrus and vegetables), tourism, food and beverage manufacturing, transport and logistics, retail, health and community services

In 2016, 61% of the working population worked full-time and 28% part-time.

More Mildura Rural City residents worked in retail, health care and social assistance than any other industry in 2016.

Property Market Outlook for Mitchel Shire, VIC

Mitchell Shire is located in central Victoria, about 30-90 kilometres north of the Melbourne CBD and is one of the fastest growing regional municipalities in Victoria.

The city had a population of 46,082 as of 2019 and is expected to reach 270,000 in the next 25-30 years. Most growth is expected in the southern townships of Beveridge, Kilmore, Kilmore East and Wallan.

18,407 people living in Mitchell Shire in 2016 were employed, of which 62% worked full-time and 36% part-time.

More Mitchell Shire residents worked in construction than any other industry in 2016 and features a large portion of technicians and trades workers.

In Mitchell Shire there were 452 residential buildings approved to be built in the financial year 2019-20 Feb FYTD.

Property Market Outlook for Hume City, Victoria

Hume City is a part of the Melbourne metropolitan area and is one of the fastest-growing and culturally-diverse communities in Victoria. The city is situated on Melbourne’s north-west fringe, between 15 and 45 kilometres from the Melbourne CBD.

The city had a population of 233,471 as of 2019 and residents come from more than 160 different countries and speak approximately 140 languages.

It is made up of a mix of new and established residential areas, major industrial and commercial precincts and vast expanses of rural areas and parkland. The Melbourne International Airport accounts for 10 per cent of the total area of Hume City.

Property Market Outlook for Wyndham City

Wyndham City is located in the outer south-western suburbs of Melbourne and is one of the fastest growing areas in Victoria.

Compared to the national average, there is greater buyer demand for houses in Wyndham City compared to units.

Across Wyndham City, the greatest demand is for three and four bedroom houses, with two and three bedroom units making up only a small portion of the demand profile in the area. There is also some small demand for three bedroom semi-detached housing.

Four bedroom homes makeup the largest demand sector of the market in Wyndham City.

As of Q2 2020 the rental gross yield for houses and units is 3.66% and 4.55% respectively, with (gross) yields on houses rising by 1.22%…

What is the impact of COVID-19 on the Australian real estate market?

In recent weeks several leading real estate bodies published detailed assessments of the COVID-19 impact on the Australian property market. The consensus is that, although the sales activity has significantly decreased, it is too early to conclude whether the property prices have been impacted. Based on current data, median prices remain steady despite the restrictions imposed on the real estate industry and the general recessional trends in the economy.

In this article, we will take a close look at the latest sales data in major Australian capital cities – Sydney, Melbourne, Brisbane, Adelaide, Perth and Canberra. We will establish the market trends before the spread of the pandemic early in the year and compare them to values reported in March, April and early May. These 3 months signify the introduction and subsequent easing of COVID-19 restrictions throughout the country. Therefore analysis of property market data during this period, will provide us with a valuable insight into the impact of the pandemic on the Australian real estate market…

Buying properties “below market value”?

This notion has always been the gold nugget of property investing. What it essentially means is that one realizes profit or capital gain upon purchasing the property because the value for which it was acquired was less than what the property is ‘actually’ worth.

However, the term is a little obscure because the real or ‘true’ market value of a property is realized upon the sale of that property; essentially we do not know how much a property is worth and what its ‘market value’ is before it is sold.

This means that buying ‘below market value’ is more a matter of opinion than it is a matter of fact—that fact that a property sold for less than it is worth cannot be objectively determined as one has no avenue of knowing and subsequently having a widespread consensus on the plausibility of the two figures (i.e. the actual worth of a property and the selling price).

In response to the above, at HtAG, we offer a little bit of a different take on the buying below market value notion. Firstly, by focusing on real time data used in highlighting investment quality of suburbs, one deals with what has been one of the major issues with the property advisory sector, namely the gaps in the subjective opinion of advisers and the advice given on the back of conflicting interests…

HtAG Feature Plan for 2020 and Beyond

Our mission is to provide pertinent and accurate property investment data easily accessible to everyone irrespective of their property investment experience, professional background, and/or financial backing.

For this reason, we strive to think of innovative ways to present and arrange property data so that it provides more insight to our clients and assists them in making informed investment decisions. We endeavour to highlight a ‘new fond’ meaningfulness in different property data sets that were previously considered as either irrelevant or insignificant (or not significant enough).

To this end, our business modus vivendi is to arrange, organise and present data in different ways not only to highlight the potential of suburbs and LGAs but, more importantly, to provide a more attuned ‘lens’ for perceiving and understanding current and future market dynamics…

Outlook for Greater Geelong Housing Market

Today, Geelong stands as an emerging health, education and advanced manufacturing hub although the region has lost some of its heavy manufacturing operations in recent years.

Population increases over the last decade were due to growth in service industries, as the manufacturing sector has declined. Redevelopment of the inner city has occurred since the 1990s, as well as gentrification of inner suburbs, and currently has a population growth rate higher than the national average.

Greater Geelong has been growing steadily with 2019 seeing 2.66% growth. Compared to the national average, there is greater buyer demand for houses in Greater Geelong City compared to units.

Across Greater Geelong City, the greatest demand is for three- and four-bedroom houses, with two- and three-bedroom units making up only a small portion of the demand profile in the area.

Three-bedroom homes makeup the largest demand sector of the market in Greater Geelong City. However, there is strong growth in demand for rental units, with the rents growing at 3.76% since Q2 2019. As of Q2 2020 the rental yield for houses and units is 3.21% and 3.99% respectively.

Property Market Outlook for Greater Bendigo, VIC

Bendigo rose to prominence in the 1850s as one of the key areas that benefited from the Victorian gold rush. During the 19th century it was the highest producing goldfield in Australia and the largest gold-mining economy in eastern Australia.

The main retail centre of Bendigo is the central business district, with the suburbs of Eaglehawk, Kangaroo Flat, Golden Square, Strathdale, and Epsom also having shopping districts.

Greater Bendigo has been growing steadily with 2019 seeing 1.77% growth.

Compared to the national average, there is greater buyer demand for houses in Greater Bendigo City compared to units.

Across Greater Bendigo City, the greatest demand is for three and four bedroom houses, with two and three bedroom units making up only a small portion of the demand profile in the area.

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…

Property Market Outlook for Melton City, VIC

Located 35km west of Melbourne’s CBD, Melton is an area that continues to grow rapidly as the city’s population continues to expand outward into the Melbourne-Ballarat growth corridor.

There is no major central business district in the area, however, High Street is the main activity centre. The construction industry is the major economic contributor to the area, making up roughly 23% of total output. Construction is also the largest employer with 3,855 jobs contributing 15% of total employment.

Compared to the national average, there is greater buyer demand for houses in Melton compared to units. Across Melton City, the greatest demand is for three and four bedroom houses, with two and three bedroom units making up only a small portion of the demand profile in the area. Four bedroom homes makeup the largest demand sector of the market in Melton City.

Emerging Trends in the Casey City Housing Market

Named after the 16th Governor-General of Australia, Lord Casey, the municipality came into existence as a result of the merger between some parts of the City of Berwick, Shire of Cranbourne and the City of Knox. Being the most populous city in Victoria, Casey City has a thriving real estate market with a big demand for houses to both own and rent as well as a somewhat smaller demand for units.

Discover best Sydney LGAs to invest in with HtAG Analytics

A decade of economic boom encouraged businesses in the metropolis to expand, hiring staff from outside the city as the local workforce was fully employed, causing the real estate market to experience property shortages and rising prices. Developers, encouraged by house price predictions, invested heavily in new housing projects. However, as the economy cooled, expected median prices became unaffordable. While there is still population growth and demand for housing in the area, the double-digit growth in prices expected by majority of developers have proven to be unsustainable and now prices are falling. However, there is still capital growth available in Greater Sydney for those who can spot the best suburbs to invest…

Price Trends & Investor Hotspots in Ballarat LGA

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…

Real Estate Market Outlook for Inner Brisbane, QLD

We have segmented the City of Brisbane LGA into five sectors: Inner, Southern, Northern, Eastern, and Western Brisbane. This report covers the Inner Brisbane area. Overall, house prices fell in the last quarter in the City of Brisbane by 1.27 percent. Looking at the Inner Brisbane sector, the sales market for houses was very close to the average price performance for the City as a whole because it experienced a price fall of 1.3 percent. House prices fell in all sectors of the City with Southern Brisbane experiencing the largest average price drop of 2.96 percent. Western Brisbane had the smallest price fall, which was 0.03 percent. Northern Brisbane experienced a price drop of 1.45 percent and Eastern Brisbane saw the average price at sale for houses fall by 0.6 percent.

Inner Brisbane has the highest average house prices within the City. That figure is A$1.14 million, compared to A$636,00 in Southern Brisbane. The other areas of the City have median house prices that are A$704,000 in Northern Brisbane, A$796,000 in Western Brisbane, and A$807,000 in Eastern Brisbane. House sales volumes fell dramatically at the beginning of 2019 and have stayed low since then….

2020-2021 Property Market Outlook for Campbelltown, NSW

The local government area (LGA) of Campbelltown is in the urban area of Sydney. The LGA is inland from the centre of the state capitol in an area called Greater Western Sydney. Then average price of property here is $624K, which is the lowest median price of all of the LGAs in the Greater Sydney region. The low prices found in Campbelltown make it the most accessible property market in the region. The property market in Sydney rose rapidly over the last decade and overheated. Now, the region is going through a correction, with every LGA in Greater Sydney showing price falls in the last quarter, except for the internationally renowned districts at the centre of the metropolis.

Housing Market Outlook for Mornington Peninsula Shire

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.

Property Market Trends in 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.

Real Estate Market Review in 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.

Best 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.

Year 2019 market outlook for Ku-Ring-Gai, NSW

The overall property market outlook for Ku Ring Gai shows mixed demand; houses will experience a plateau in median price however, units will grow more quickly. Two-bedroom units and four-bedroom homes are the most popular across the region. The area has experienced a range of price changes indicating a diverse mix of opportunity. There is stronger demand for properties in the central area while more expensive properties in the outer areas of the region may experience a softening of sale price. Units across the region show strong demand, especially those in the central areas.

Gold Coast Property Market in years 2019-2020

The past 10 years has seen a changing market for Gold Coast City with percentage change overall four per cent lower over 10 years from 2009 – 2019. The graph below shows median price changes with ongoing uncertainty, a sharp drop from 2009 – 2012, followed by a drastic rise until a peak in 2015. Since then, there has been a sharp negative price change.

Greater Geelong Market Review for Years 2019 & 2020

The past 10 years has seen exponential growth for Greater Geelong with percentage change overall ten per cent higher over 10 years from 2009 – 2019. The graph below shows media price changes with periods of neutral growth in 2012. Growth stabilised from 2014 – 2016 at approximately four per cent year on year. In 2016, price growth accelerated from four to almost 13 per cent. In the past 15 months, price growth has slowed by approximately five per cent and will continue to decrease.

The HtAG® Service Promise

The need for HtAG arose in response to the complexity of the property investment space as well as barriers to entry for obtaining accurate and valuable information about the property market’s movements. Australian property market is comprised of a plethora of submarkets, each with its own patterns and trajectories sometimes moving to different ‘beats’ and in different directions. Organising information to compare the investment potential of these numerous submarkets is more often than not a lengthy and costly process requiring a team of professionals.