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.

Property Market Outlook for Casey City, Victoria

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.

What are Sydney’s top performing council areas and suburbs?

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…

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 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.

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.