The Tasmanian Property Market

Transcription

1 The Tasmanian Property May 2007 Statistical Local Area Review Unauthorised reproduction of any part of this report prohibited s moving annual median sale price for houses rose from last month to $295,250, an increase of 7.4% from May last year. House sales increased 4.1% from the same time last year, to 230. The moving annual median sale price for units/flats/townhouses in increased by 12.0% to $232,250 from May 2006 to May Over that same time period, the number of units/flats/townhouses sold increased 10.8% to 72 sales. The moving annual median sale price for land rose 9.5% for the year - to $109,795 - with land sales falling 40.7% to 32 over the same period. s moving annual median sale price for houses rose by 7.3% to $234,375 from May 2006 to May Over the year, house sales decreased 2.1% to 95. There was an increase of 4.5% in the moving annual median sale price for units/flats/townhouses in over the year to $192,438, with sales volume rising 8.3% from May Over that same period, the moving annual median sale price for land in decreased by 5.0% to $95,729, with total land sales rising 21.4% from the same time last year. North-West moving annual median sale prices for houses improved in Burnie (7.5%), Ulverstone (25.4%) and Devonport (3.2%) over the year. Compared with May 2006, the monthly median was up in Ulverstone (10.0%), Devonport (1.4%), but down in Burnie (-11.8%). volume of houses compared to the same time last year were up in Burnie (46.7%) and Ulverstone (7.1%), but down in Devonport (-12.0%). The moving annual median sale price for land was up in Burnie (12.0%) and down in Ulverstone (-2.4%) and Devonport (-0.2%) from May Land sales were up in Burnie (33.3%) and Devonport (400.0%), whilst down in Ulverstone from the same time last year. Rental : Vacancy rates rose across the State in May 2007 (2.3% state-wide). From last month, and decreased 0.2%, and the North West Centres decreased 0.1%. Median rental price per week for two bedroom units in rose $25 to $225 per week, while three bedroom house rental prices dropped $5 to $265 per week. s median rental prices per week for two bedroom units rose $5 last month to $170, with 3 bedroom houses rising $7 to $230. In the North West, rentals rose $5 to $135 for units, and remained steady at $190 for houses. City Monthly Median $ 000 Monthly and Moving Annual Median Prices: May 2007 (Residential Houses) Annual % Change in Median Monthly % Change in Median Moving Annual Median $ 000 Annual % Change in Moving Annual Median Vacancy Rate (%) Monthly % Change in Vacancy Rate Burnie Ulverstone Devonport * The Vacancy Rate for the areas of Burnie, Ulverstone, and Devonport are calculated by combining information from all three areas. Note:,, and the North-West figures on this page refer to the statistical local areas as defined on page 11. 1

2 Facts The REIT would like to thank the following agencies listed below in contributing to the Facts Reports. Please note that the agencies have been listed by location only and sell outside of the areas listed. HOBART City Battery Point & Heritage Real Estate, Blu edge Property, Charlotte Peterswald for Property, Corkhill & Associates, Denman Freeman Real Estate, Edwards Windsor Real Estate, Elders Brown & Banks, Fall & Associates, Fruit Property, George Self Property, Knight Frank, LJ Hooker, LJ Hooker Sandy Bay, Nest Property, Peterswalds Partners, Petrusma & Partners Sandy Bay, Raine & Horne, Ray White, Ricky Courtney Real Estate, Roberts, Roberts Sandy Bay, Salamanca Realty, White House Realty Kingston Huon Valley Elders Southern Town & Country, Elders Southern Town & Country Kingston, LJ Hooker Huon Valley, LJ Hooker Kingston, LJ Hooker Margate, Metro Realty, Petrusma & Partners Huonville, Petrusma & Partners Kingston, Raine & Horne Kingston, Roberts Kingston, Tasmanian Private Realty, Tasmanian Private Realty Kingston Northern Suburbs Elders Southern Midlands, LJ Hooker Glenorchy, McGregor First National, North Shore Realty, Petrusma & Partners Northern Suburbs, PRD Nationwide Realty, Roberts Brighton & Country, Roberts Glenorchy, Whites Real Estate Professionals Eastern Shore Eastern Shore First National, Fall & Associates, LJ Hooker Bellerive, Macquarie Real Estate Eastern Shore, Petrusma & Partners Howrah, Petrusma & Partners Lindisfarne, PMM Real Estate, PRD Nationwide Eastern Shore, Raine & Horne Eastern Shore, Roberts Eastern Shore, Roberts Southern Beaches, Sunny Real Estate Midway Point Sorell Richmond Petrusma & Partners Sorell, Professionals Sorell, Raine & Horne Sorell, Roberts Sorell, South East First National, Sunny Real Estate Midway Point, Wellington Auctioneers LAUNCESTON 41 Degrees Real Estate, Bushby First National, Deloraine First National, Elders, Harcourts, Harcourts Midlands, Harcourts North East, Harcourts Northern Midlands, Harcourts Tamar, Property Solutions, LJ Hooker Deloraine, LJ Hooker, North East First National, Northern Professionals Real Estate, Peter Bushby Real Estate, PRD Nationwide, Raine & Horne, Ray White, Resort Brokers, Richardson & Wrench, Roberts Central Highlands, Roberts Deloraine, Roberts, Roberts Regional North, Roberts Scottsdale, Roberts Tamar Valley, Roberts Tas Rural, Statewide Real Estate, Towns Shearing Real Estate, Weedon Real Estate, Woolcock Partners East Coast LJ Hooker Bicheno, LJ Hooker St Helens, Roberts St Helens NORTH WEST Burnie Burnie First National, City & Rural First National, Elders Burnie, Emu Bay Real Estate, Roberts Burnie Penguin Ulverstone Action Realty, Bloomfield First National, Elders VJ Woodhouse Real Estate Ulverstone and Penguin, Roberts Ulverstone Shearwater Devonport Best Properties, Collins Realty, Day & Halliwell First National, John Ackroyd Real Estate, Harcourts Devonport & Shearwater, LJ Hooker Devonport, LJ Hooker Shearwater, Raine & Horne Devonport, Roberts Devonport, Roberts Shearwater, Sushames Real Estate Wynyard Smithton D & L Poke Real Estate, Elders Real Estate Smithton, PRD Nationwide Trevor Spinks, Roberts Wynyard 2

3 Statistical Local Area (SLA) Overview for Tasmania Houses Flats Units Town Houses Land Moving Annual Median Monthly Median Price Range Number of Houses Flats Units Town Houses Land Moving Annual Median Monthly Median Price Range Number of North West Burnie Houses Units/Flats Land Moving Annual Median Monthly Median Price Range Number of Ulverstone Houses Units/Flats Land Moving Annual Median Monthly Median Price Range Number of Devonport Houses Units/Flats Land Moving Annual Median Monthly Median Price Range Number of Monthly Quartile Figures (Houses) Monthly Quartile Figures Burnie Ulverstone Devonport Median Lower Quartile Upper Quartile Number of Enquiries Enquiries South North North West More 36.0 % 62.5 % 37.5 % Same 44.0 % 12.5 % 37.5 % Less 20.0 % 20.0 % 25.0 % Number of Listings Listings South North North West More 40.0 % 11.1 % 25.0 % Same 32.0 % 11.1 % 62.5 % Less 28.0 % 77.8 % 12.5 % 3

4 Residential House Prices - May 2007 Median List $ Median Sell $ Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Median List $ Median Sell $ Area Area Area Area Area Area Area Area Area Area Median List $ Median Sell $ Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential House Median Price Median $ South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 Area North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 4

5 Residential Unit/Flat/Townhouse Prices - May 2007 Median List $ Median Sell $ Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Median List $ Median Sell $ Year Area Area Area Area Area Area Area Area Area Area Median List $ Median Sell $ Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential Unit/Flat/Townhouse Median Price Median $ South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 North 7 Area North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 5

6 Residential Land Prices - May 2007 Median List $ Median Sell $ Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Median List $ Median Sell $ Area Area Area Area Area Area Area Area Area Area Median List $ Median Sell $ Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast Residential Land Median Price Median South 1 South 2 South 3a South 3b South 4 South 5a South 5b South 6 South 7 South 8 North 1 North 2 North 3 North 4 North 5 North 6 Area North 7 North 8 North 9 North 10 Burnie Ulverstone Devonport Circular Head Railton Latrobe Penguin Wynyard West Coast 6

7 Price $000 Price $000 Price Distribution For House Price SLA per Price Bracket 7 per Price Bracket per Price Bracket < Price $000 Price Distribution For Unit/Flat/Townhouse SLA per Price Bracket per Price Bracket per Price Bracket < per Price Bracket Price Distribution For Land SLA YTD* per Price Bracket YTD* per Price Bracket < *Year to Date YTD*

8 Area Buyer Profile House BUYER TYPE (%) First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer HOBART Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area SLA ALL LAUNCESTON Area Area Area Area Area Area Area Area Area Area SLA ALL NORTH WEST COAST Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast SLA ALL State-Wide SLA State-Wide ALL State-Wide House Buyer Profile Statistical Local Area State-Wide House Buyer Profile All Areas First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer First Home Buyer 2+ Home Buyer Developer Investor Retiree No Answer 8

9 Area Buyer Location - House - Vendor Paid Advertising BUYER TYPE (%) Local Suburb or Town Same City Intrastate Interstate & Overseas No Answer No Yes No Answer HOBART Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area SLA ALL LAUNCESTON Area Area Area Area Area Area Area Area Area Area SLA ALL NORTH WEST COAST Burnie Ulverstone Devonport Circular Head Railton/Sheffield Latrobe Penguin/Forth Wynyard/Waratah West Coast SLA ALL State-Wide - SLA State-Wide - ALL State-Wide House Buyer Profile Statistical Local Area Vendor Paid Advertising Statistical Local Area Local Suburb or Town Same City Intrastate Interstate & Overseas No Answer No Yes No Answer 9

10 % Multiple Listing Service Sold Before Auction Method of Sale Sold After Auction Houses Auction Conjunctional Sole Agency Open Listing Tender North West State-wide % Multiple Listing Service Sold Before Auction Sold After Auction Units / Townhouses / Flats Auction Conjunctional Sole Agency Open Listing Tender North West State-wide % Multiple Listing Service Sold Before Auction Sold After Auction Land Auction Conjunctional Sole Agency Open Listing Tender North West State-wide Rental Vacancy Rate % Month Year Time To Let <1 week 1-2 weeks >2 weeks 13.0 % 63.0 % 24.0 % 18.2 % 72.7 % 9.1 % 19.2 % 53.9 % 26.9 % Property Type Median Rent Levels (SLA): : : North West Coast: Median: Range: Median: Range: Median: Range: 1 brm unit brm unit brm unit only 2 brm house brm house brm house

11 Suburb Median Rent Number Rented Rent Levels By Area: Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area Area Area 3a Area 3b Area Area 5a Area 5b Area Area Area Suburb Median Rent Number Rented Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Area Area Area Area Area Area Area Area Area Area Suburb Median Rent Number Rented Number of Bedrooms 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Burnie Ulverstone Devonport Circular Head Railton / Sheffield Latrobe Penguin / Forth Wynyard / Waratah West Coast Survey Coverage : 62 Agents submitted returns for May The sales report for all areas is based on 282 house sales, 77 unit/flat/townhouse sales and 64 land sales. The sales report covering the statistical local area (SLA) is based on 230 house sales, 72 unit/flat/townhouse sales and 32 land sales. An aggregate rent roll of 6901 properties provided the data for the rental report. : 24 Agents submitted returns for May The sales report for all areas is based on 136 house sales, 30 unit/flat/townhouse sales and 27 land sales. The sales report covering the statistical local area (SLA) is based on 95 house sales, 26 unit/flat/townhouse sales and 17 land sales. An aggregate rent roll of 3032 reported properties provided the data for the rental report. : 24 Agents submitted returns for May The sales report for all areas is based on 91 house sales, 15 unit/flat/townhouse sales and 24 land sales. The sales report covering the statistical local area (SLA) is based on 59 house sales, 13 unit/flat/townhouse sales and 9 land sales. An aggregate rent roll of 2455 properties provided the data for the rental report. 11

12 List of Suburbs Included in Each Area: : Area 1 (SLA) Kingston, Blackmans Bay, Huntingfield, Browns River, Firthside, Bonnet Hill, Fern Tree, Margate Area 2 (SLA) Glenorchy, Derwent Park, Goodwood, Montrose, Rosetta, Berriedale, Chigwell, Claremont, Austins Ferry, Bridgewater, Gagebrook, Springfield, Florence Heights, Dowsings Point, Old Beach, Compton Downs Area 3a (SLA) Geilston Bay, Lindisfarne, Rose Bay, Rosny, Bellerive, Howrah, Tranmere, Otago Bay, Acton, Lauderdale, Seven Mile Beach, Montagu Bay Area 3b (SLA) Risdon Vale, Warrane, Clarendon Vale, Oakdowns, Rokeby, Mornington Area 4 (SLA) City, West, North, South, Glebe, Cascades, Mt Stuart, Area 5a (SLA) New Town, Lenah Valley Area 5b (SLA) Moonah, Lutana, East Risdon Area 6 (SLA) Battery Point, Sandy Bay, Taroona, Mt Nelson, Dynnyrne, Tolman's Hill Area 7 Cygnet, Dover, Geeveston, Huonville Area 8 Dodges Ferry, Dunalley, Lewisham, Midway Point, Sorell : Area 1 (SLA) Riverside, Trevallyn, Stephensdale Area 2 (SLA) Newnham, Mowbray, Vermont, InverMay, Ravenswood, Waverley, St Leonards, Inveresk, Rocherlea, Mayfield, Alanvale Area 3 (SLA) Newstead, Norwood, East, Punchbowl, Elphin, Richings, Queechy Area 4 (SLA) Kings Meadows, South, West, Youngtown, Prospect, Summerhill, Sandhill, Travellers Rest/Retreat, Glen Dhu, Blackstone Heights Area 5 (SLA) City, Glebe Area 6 Fingal, St Helens, St Marys, Scamander Area 7 Branxholm, Bridport, Derby, Scottsdale, Winnaleah Area 8 Carrick, Deloraine, Hagley, Hadspen, Mole Creek, Westbury Area 9 Beaconsfield, Beauty Point, Exeter, Legana Area 10 Avoca, Campbell Town, Cressy, Evandale, Liffey, Longford, Perth North West: Burnie (SLA) Acton, Brooklyn, Burnie, Camdale, Cooee, Downlands, Emu Heights, Havenview, Hillcrest, Malonga Park, Marylands, Montello, Ocean Vista, Parklands, Romaine, Shorewell, Terrylands, Uplands, West Park Grove, Wivenhoe Devonport (SLA) Ambleside, Devonport, Don, Miandetta, Quoiba, Spreyton Ulverstone (SLA) Ulverstone, Turners Beach Circular Head Marrawah, Smithton, Stanley Railton/Sheffield Railton, Sheffield, Cradle Mountain Latrobe Hawley Beach, Latrobe, Port Sorell, Shearwater Penguin/Forth Penguin, Forth Wynyard/Waratah Wynyard, Waratah, Somerset, Savage River West Coast Queenstown, Rosebery, Strahan, Zeehan Statistical Local Area (SLA): The residential sales and rental data which has been indicated as being an (SLA) is based on the same geographical classifications structures as defined and used by the Australian Bureau of Statistics. These areas are how, and the North West are defined and are indicated on the above table. New areas have been added to this report for each region, but these do not affect the SLA s that are reported each month, and reported previously. For example: the median for this report consists of areas 1 to 6, is areas 1 to 5, and the North West consists of Burnie, Devonport and Ulverstone. TASMANIAN PROPERTY MARKET is a summary of survey data from sources believed to be reliable but is not guaranteed in any way. While REIT has full confidence in Tasmanian Facts, no warranty, no guarantee, or holding out, either expressed or implied is given and persons or companies who pursue financial investment or otherwise who act on the basis of this data do so at their own risk. Subscription enquiries: research@reit.com.au Copyright 2007 Real Estate Institute of Tasmania 12