® HtAG Market Updates

HTAG Property Market Reports for LGAs and Suburbs in Australia

Announcing New HtAG® Team Member

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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.

Property Market Outlook for Mildura LGA, VIC

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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

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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

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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

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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?

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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”?

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.