HTAG Property Market Reports for LGAs and Suburbs in Australia
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.
Vacancy Rates as well as Discounting, DoM and DoRM metrics will be included in all HtAG Store Reports starting from Jan 18, 2021.
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.
Melbourne house prices have had one of the most usual periods we have ever seen thanks to the second lockdown period across Victoria.
While Adelaide house prices might never really boom as we see in Sydney or Melbourne, they also don’t bust – which makes the city a very enticing proposition for investors looking for steady growth opportunities.
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.
Brisbane has not only been able to buck to price falls that much of the East Coast has experienced since mid-2017, but there have many many areas that have outperformed.
Perth’s property market has traditionally been one that has seen both booms and busts. However, there are a number of suburbs that have performed strongly, with even more tipped to grow in value in 2020 and beyond.
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.
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.
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.