Spring 2016 Buyer s Guide. Home Loans. The essential reference guide for home buyers and investors. Released September 2016

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1 Spring 2016 Buyer s Guide The essential reference guide for home buyers and invesrs Released September 2016 Home Loans

2 Copyright Notice Copyright RP Data Pty Ltd trading as CoreLogic Ownership of copyright We own the copyright in: (a) this Report; and (b) the material in this Report Copyright licence We grant you a worldwide, non-exclusive, royalty-free, revocable licence : (a) download this Report from the website on a computer or mobile device via a web browser; (b) copy and sre this Report for your own use; and (c) print pages from this Report for your own use. We do not grant you any other rights in relation this Report or the material on this website. In other words, all other rights are reserved. For the avoidance of doubt, you must not adapt, edit, change, transform, publish, republish, distribute, redistribute, broadcast, rebroadcast, or show or play in public this website or the material on this website (in any form or media) without our prior written permission. Permissions You may request permission use the copyright materials in this Report by writing the Company Secretary, Level 21, 2 Market Street, Sydney, NSW Enforcement of copyright We take the protection of our copyright very seriously. If we discover that you have used our copyright materials in contravention of the licence above, we may bring legal proceedings against you, seeking monetary damages and/or an injunction sp you using those materials. You could also be ordered pay legal costs. If you become aware of any use of our copyright materials that contravenes or may contravene the licence above, please report this in writing the Company Secretary, Level 21, 2 Market Street, Sydney NSW Disclaimer In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources. The publication is supplied on the basis that while CoreLogic believes all the information in it is deemed reliable at the time of publication, it does not warrant its accuracy or completeness and the full extent allowed by law excludes liability in contract, rt or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have the amount paid CoreLogic for the supply of such information. This data cannot be reproduced without the permission of CoreLogic. Spring 2016 Buyer s Guide

3 Spring housing season is here The remains mixed from region region At the beginning of Spring, the estimated value of the housing asset class was $6.7 trillion, making housing the nations largest asset class by a significant margin. Growth in the overall value of Australian housing is being pushed higher by increasing dwelling values as well as a record amount of new housing being added the. Importantly, housing is one of the primary wealth drivers for Australian households, comprising more than half of Australian household wealth. The Australian housing is in the fourth year of a strong capital gains cycle, with capital city dwelling value increasing by a cumulative 39.9 per cent since dwelling values started rising in June While growth conditions remain strong, at least at a macro level, we are now seeing a slowing trend in the pace of capital gains after the annual rate of value growth peaked in July 2015 at 11.1 per cent. By the end of August 2016, the annual rate of growth has reduced 7.0 per cent across the combined capital cities. While the headline rate of growth remains solid at 7.0 per cent per annum, there is a great deal of diversity in housing conditions from region region. Differences in economic and demographic facrs around the country have resulted in substantial differences in housing demand. Rolling annual and quarterly change in capital city home values, combined capital cities 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Aug 98 Aug 00 Aug 02 Aug 04 Aug 06 Aug 08 Aug 10 Aug 12 Aug 14 Aug 16 Rolling quarterly change Rolling annual change Spring 2016 Buyer s Guide 1

4 There s been a 7.0% rise in housing value in capital cities over the past 12 months Outside of the capital cities, regional areas connected with the mining and resources secr have recorded a substantial decline in housing conditions, while many of the coastal and lifestyle s are showing consistent increases in transaction numbers and dwelling values. The capital city housing s are also returning a varied performance, as can be seen from the graph below which shows the capital gain or loss over the twelve months ending August At one end of the spectrum we have Sydney and Melbourne where dwelling values continue trend substantially higher, although the growth trend has been moderating in both cities since the middle of Annual change in housing values, capital cities Combined capitals Canberra Darwin Hobart Perth Adelaide 7.0% 7.6% -4.2% 6.5% -4.2% 2.8% At the other end of the spectrum are the cities where values have softened over the past year. In stark contrast Melbourne and Sydney s housing s, dwelling values are down by 4.2 per cent in both Perth and Darwin over the past year due weaker economic conditions and a downturn in migration rates from both overseas and interstate. There are some early signs that housing conditions are gathering some momentum in Canberra and Hobart, with these cities showing a considerably stronger pace of capital gains compared with a year ago. Adelaide s housing has showed a reasonably consistent and sustainable rate of growth in dwelling values, despite a weakened local economy, while Brisbane s housing has recorded a moderate rise in the trend rate of growth as the South East Queensland economy gradually improves and interstate migration starts move higher. Prospective home buyers should be aware of the vastly different housing performance from region region. Conditions will vary substantially, not just across the broad regions, but also from suburb suburb and street street. Brisbane 5.5% Melbourne Sydney 11.1% 9.5% Spring 2016 Buyer s Guide 2

5 House sales cool across the What are the facrs influencing the slowdown in activity? Nationally, CoreLogic estimates there were almost 455,000 house and unit sales settled over the twelve months August 2016, which, despite the lowest mortgage rates since 1960, is 10.8 per cent lower compared with the same period a year ago. While there will be some upwards revision in these numbers as the large number of off the plan units move through their settlement phase, the slowdown in activity is occurring across each of the capital cities varying degrees. The lower number of dwelling sales can be attributed a number of facrs including affordability constraints in some s, tighter lending conditions, and in some cases a shortage of sck available for sale. Number of house and unit sales, national 50,000 40,000 30,000 20,000 10,000 0 Aug 91 Aug 96 Aug 01 Aug 06 Aug 11 Aug 16 House Sales Unit Sales Year on year change in transaction numbers (year Aug 15 v Aug 16) The largest year on year fall in transaction numbers has been seen in the Northern Terriry where there have been 22 per cent fewer sales over the past year. Markets where value growth remains strong, like New South Wales and Vicria have also seen a substantial decline in sales activity which is likely more attributable low advertised sck levels and higher prices preventing some segments from participating in the due affordability constraints % -1.1% -4.9% -8.0% -8.8% -10.8% -12.8% -14.6% -22.1% NSW VIC QLD SA WA TAS NT ACT AUS Spring 2016 Buyer s Guide 3

6 Average selling time (days), combined capital cities Jul 06 Jul 08 Jul 10 Jul 12 Jul 14 Jul 16 Average vendor, combined capital cities Jul 06 Jul 08 Jul 10 Jul 12 Jul 14 Jul 16 0% -2% -4% -6% -8% -10% Focusing on advertised sck levels, CoreLogic estimates the tal number of new homes advertised for sale is currently 5.8 per cent lower than a year ago across the capital cities while tal listings are 5.4 per cent higher. The cities where conditions have softened (Perth and Darwin) are showing elevated sck levels while Sydney and Melbourne are seeing tal listings which remain relatively low with very low levels of new sck additions being added the. The shortage of listing is likely adding some amount of urgency the in these areas which is contributing the upwards pressure on prices. With housing demand showing some moderation, there has been a recent trend wards homes taking slightly longer sell. Despite the recent rise in the average number of days on, vendor ing rates remain largely unchanged across the combined capital city. The lack of new properties advertised for sale is having a positive impact on the auction. The average clearance rate has been recorded at in excess of 70 per cent for each of the past nine weeks indicating strong demand while volumes are much lower than a year ago. Auction clearance rates, combined capital cities 90% 5,000 80% 4,000 70% 3,000 60% 2,000 50% 40% 1,000 30% 0 Sep 08 Sep 09 Sep 10 Sep 11 Sep 12 Sep 13 Sep 14 Sep 15 Sep 16 Number of auctions Clearance rate -10.8% Decrease in number of home sales over past year +5.4% Increase in number of capital city homes advertised for sale over past year Spring 2016 Buyer s Guide 4

7 Questions and Answers? What s a median value? CoreLogic estimates the value of virtually every residential property each week. The median value is simply the median, or middle estimated value of houses or units within the specified region. Before calculating the median value we filter out value estimates that we aren t confident about and haven t reported a median statistic where there were fewer than fifty valid valuation estimates within the suburb and ten sales over the year. A median value measure tends provide a much more reliable and stable reading about the typical value of a house or unit within a region compared with a median sale price which is based on only those homes that have sold within the specified region over a given period.? What is the vendor? Moniring property advertisements is a core part of CoreLogic s business. We gather listings data from online and print media, match the listings against our property ownership database, de-duplicate the listings and count them for our sck on measurements. Apart from tracking the advertising hisry of any home that has been listed for sale, a useful bi-product of this data is work out what the difference is between the original asking price on a property compared with the ultimate selling price (ie the contract price). The vendor is simply this difference expressed as a percentage. For example, if a house was originally advertised for sale at $500,000 and eventually it sold for $480,000, the vendor would be 4 per cent. Note that we don t calculate a vendor figure if there is fewer than ten observations of a listing and sale pair over the period and auction sales are excluded from the calculation.? What about time on? Our time on statistics are calculated in a similar way the vendor. Time on, or the median selling time of a house or unit, provides an indication about how long a property takes sell within the specified region. A faster selling time implies a fairly hot while a longer days on figure would normally indicate sedate conditions. Note that we don t calculate a time on figure if there is fewer than ten observations of a listing and sale pair over the period and auction sales are excluded from the calculation. Spring 2016 Buyer s Guide 5

8 ? What is the median? This figure provides an indication about the typical weekly rents being offered within the region. Asking rents are derived from rental listings. Where there are fewer than ten observed rental advertisements over the period, a rental statistic has not been calculated.? What s the gross rental? The gross rental is calculated by dividing the annualised advertised rental price of a property by its estimated value. The is gross as it does not take in account any expenses associated with the rental income such as the commission the property manager, interest costs on the mortgage or maintenance on the property. A net can be calculated on individual properties by subtracting any costs from the annualised rental estimate on the property then dividing the net rent by the tal purchase price. Spring 2016 Buyer s Guide 6

9 State & Terriry Summaries Spring 2016 Buyer s Guide

10 New South Wales, Council regions Houses NSW s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Blackwn 4,130 $660, % 27 $ % Wyong 3,608 $481, % 28 $ % Lake Macquarie 3,599 $489, % 39 $ % Gosford 3,196 $625, % 25 $ % Shoalhaven 2,873 $445, % 57 $ % Penrith 2,838 $607, % 20 $ % Newcastle 2,716 $521, % 32 $ % Wollongong 2,503 $621, % 28 $ % Campbellwn 2,342 $554, % 19 $ % The Hills Shire 2,328 $1,211, % 34 $ % Sutherland Shire 2,234 $1,101, % 31 $ % Liverpool 2,092 $724, % 32 $ % Bankswn 1,964 $875, % 37 $ % Ku-ring-gai 1,688 $1,934, % 34 $ % Blue Mountains 1,611 $569, % 29 $ % Camden 1,606 $684, % 20 $ % Port Macquarie-Hastings 1,601 $478, % 43 $ % Maitland 1,506 $392, % 62 $ % Tweed 1,500 $522, % 65 $ % Hornsby 1,487 $1,163, % 32 $ % Spring 2016 Buyer s Guide 8

11 New South Wales, Council regions Houses house value by council region Sydney Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 9

12 Sydney suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Darling Point Woollahra 15 $5,595,842 $ % Bellevue Hill Woollahra 105 $4,506, % 59 $1, % Cremorne Point North Sydney 13 $4,385,810 Dover Heights Waverley 42 $3,645, % 48 $1, % Whale Beach Pittwater 14 $3,504, % 87 Double Bay Woollahra 37 $3,392, % 33 $1, % Tamarama Waverley 15 $3,336,131 $1, % Vaucluse Woollahra 116 $3,220, % 56 $1, % Dawes Point Sydney 15 $3,209,735 Rose Bay Woollahra 67 $3,192, % 39 $1, % Wyongah Wyong 51 $426, % 40 $ % Halekulani Wyong 55 $422, % 32 $ % Budgewoi Wyong 82 $420, % 20 $ % Willmot Blackwn 39 $416, % 37 $ % Mount Vicria Blue Mountains 45 $410, % 26 $ % Watanobbi Wyong 76 $409, % 23 $ % Cann Beach Wyong 16 $406, % 28 $ % Charmhaven Wyong 68 $406, % 34 $ % Mannering Park Wyong 76 $400, % 38 $ % Gorokan Wyong 206 $397, % 27 $ % Spring 2016 Buyer s Guide 10

13 Sydney suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 11

14 New South Wales, Council regions Units Sydney s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Sydney 3,869 $815, % 31 $ % Sutherland Shire 1,705 $677, % 22 $ % Parramatta 1,651 $597, % 22 $ % North Sydney 1,287 $945, % 24 $ % Wollongong 1,254 $468, % 27 $ % Randwick 1,252 $834, % 25 $ % Warringah 1,229 $722, % 19 $ % Rockdale 1,114 $677, % 29 $ % Canterbury 1,090 $546, % 29 $ % Tweed 1,080 $356, % 57 $ % Ryde 1,061 $731, % 26 $ % Gosford 1,044 $456, % 26 $ % Canada Bay 1,036 $851, % 32 $ % Blackwn 907 $495, % 24 $ % Newcastle 881 $431, % 36 $ % Penrith 859 $441, % 18 $ % Holroyd 829 $542, % 25 $ % Willoughby 798 $890, % 26 $ % Woollahra 797 $1,033, % 28 $ % Ku-ring-gai 761 $884, % 35 $ % Spring 2016 Buyer s Guide 12

15 New South Wales, Council regions Units unit value by council region Sydney Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 13

16 Sydney suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Point Piper Woollahra 25 $2,474,591 $1, % Darling Point Woollahra 84 $2,005, % 26 $ % Millers Point Sydney 46 $1,647, % 28 $ % The Rocks Sydney 43 $1,557, % 38 $ % Cabarita Canada Bay 14 $1,489,303 $ % Milsons Point North Sydney 61 $1,389, % 38 $ % Tamarama Waverley 21 $1,383,358 $ % Huntleys Cove Hunters Hill 16 $1,379,385 Cremorne Point North Sydney 32 $1,322, % 37 $ % Seaforth Manly 11 $1,300,197 $ % Wyoming Gosford 14 $369,700 $ % Picn Wollondilly 15 $366,743 $ % Winsn Hills Parramatta 11 $360,330 Ambarvale Campbellwn 27 $358, % 15 $ % Toukley Wyong 33 $335, % 28 $ % Kaomba Blue Mountains 18 $330, % 29 $ % Wyong Wyong 15 $316, % 48 $ % Gorokan Wyong 55 $310, % 20 $ % Berkeley Vale Wyong 28 $264, % 25 $ % Vineyard Hawkesbury 11 $182,237 Spring 2016 Buyer s Guide 14

17 Sydney suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 15

18 Vicria, Council regions Houses Vicria s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Casey 4,872 $454, % 20 $ % Greater Geelong 4,182 $423, % 51 $ % Morningn Peninsula 4,061 $599, % 38 $ % Wyndham 3,804 $425, % 31 $ % Hume 2,977 $410, % 32 $ % Brimbank 2,604 $481, % 33 $ % Meln 2,493 $410, % 40 $ % Franksn 2,372 $451, % 19 $ % Yarra Ranges 2,339 $530, % 18 $ % Whittlesea 2,229 $457, % 40 $ % Boroondara 2,188 $1,874, % 29 $ % Whitehorse 2,187 $1,001, % 31 $ % Monash 2,092 $1,027, % 33 $ % Knox 2,018 $648, % 21 $ % Ballarat 1,985 $321, % 60 $ % Moreland 1,781 $750, % 30 $ % Kingsn 1,736 $795, % 29 $ % Banyule 1,720 $721, % 29 $ % Greater Dandenong 1,640 $555, % 35 $ % Cardinia 1,625 $414, % 31 $ % Spring 2016 Buyer s Guide 16

19 Vicria, Council regions Houses house value by council region Melbourne Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 17

20 Melbourne suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Toorak Snningn 169 $3,357, % 33 $1, % Deepdene Boroondara 28 $2,815,915 $ % Armadale Snningn 84 $2,586, $ % Canterbury Boroondara 114 $2,566, % 26 $ % East Melbourne Melbourne 28 $2,380,787 $ % Balwyn Boroondara 227 $2,307, % 30 $ % Malvern Snningn 129 $2,245, % 24 $ % Brighn Bayside 338 $2,223, % 38 $ % Middle Park Port Phillip 44 $2,077, % 36 $ % Camberwell Boroondara 278 $2,013, % 36 $ % Diggers Rest Meln 56 $329, % 21 $ % Badger Creek Yarra Ranges 20 $325, % 31 Rockbank Meln 67 $321, % 22 Coolaroo Hume 41 $321, % 21 $ % Lang Lang Cardinia 35 $315, % 71 $ % Franksn North Franksn 135 $312, % 20 $ % Kurunjang Meln 178 $310, % 44 $ % Millgrove Yarra Ranges 45 $294, % 31 $ % Meln South Meln 225 $278, % 53 $ % Meln Meln 151 $272, % 44 $ % Spring 2016 Buyer s Guide 18

21 Melbourne suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 19

22 Vicria, Council regions Units Vicria s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Melbourne 3,400 $499, % 59 $ % Glen Eira 1,599 $578, % 37 $ % Snningn 1,568 $569, % 40 $ % Port Phillip 1,556 $563, % 46 $ % Boroondara 1,413 $579, % 39 $ % Kingsn 1,406 $492, % 32 $ % Moreland 1,369 $456, % 42 $ % Whitehorse 1,062 $615, % 41 $ % Monash 1,002 $606, % 38 $ % Yarra 997 $569, % 39 $ % Darebin 969 $425, % 38 $ % Greater Geelong 881 $316, % 60 $ % Bayside 871 $799, % 35 $ % Maroondah 860 $467, % 23 $ % Franksn 855 $322, % 33 $ % Greater Dandenong 845 $328, % 49 $ % Banyule 819 $518, % 32 $ % Morningn Peninsula 795 $415, % 48 $ % Moonee Valley 709 $474, % 37 $ % Maribyrnong 660 $414, % 53 $ % Spring 2016 Buyer s Guide 20

23 Vicria, Council regions Units unit value by council region Melbourne Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 21

24 Melbourne suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Brighn Bayside 222 $948, % 53 $ % Balwyn North Boroondara 58 $929,186 $ % Middle Park Port Phillip 23 $904,800 $ % Brighn East Bayside 86 $893, % 26 $ % Beaumaris Bayside 76 $887, % 40 $ % Mont Albert North Whitehorse 42 $880, % 53 $ % Kooyong Snningn 11 $869,560 $ % Canterbury Boroondara 50 $839, % 30 $ % Black Rock Bayside 69 $819, % 31 $ % Toorak Snningn 230 $809, % 29 $ % Pakenham Cardinia 117 $280, % 37 $ % Meln West Meln 40 $277, % 50 $ % Kurunjang Meln 12 $270, % 113 $ % Cranbourne Casey 92 $269, % 43 $ % Franksn North Franksn 12 $268,511 Koo Wee Rup Cardinia 14 $251, % 32 Meln Meln 49 $244, % 77 $ % Meln South Meln 43 $233, % 49 $ % Albion Brimbank 51 $231, % 53 $ % Junction Village Casey 13 $227,785 Spring 2016 Buyer s Guide 22

25 Melbourne suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 23

26 Queensland, Council regions Houses Queensland s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Brisbane 16,605 $620, % 28 $ % Gold Coast 8,215 $571, % 35 $ % Moren Bay 7,939 $427, % 39 $ % Sunshine Coast 5,457 $520, % 49 $ % Logan 5,456 $398, % 36 $ % Ipswich 3,575 $322, % 47 $ % Redland 2,945 $489, % 42 $ % Toowoomba 2,907 $357, % 49 $ % Cairns 2,507 $391, % 52 $ % Townsville 2,401 $328, % 70 $ % Fraser Coast 1,966 $309, % 87 $ % Bundaberg 1,358 $294, % 67 $ % Noosa 1,240 $598, % 76 $ % Mackay 1,035 $347, % 82 $ % Gympie 958 $295, % 71 $ % Rockhampn 911 $289, % 69 $ % Scenic Rim 761 $422, % 86 $ % Gladsne 584 $337, % 79 $ % Lockyer Valley 574 $320, % 94 $ % Southern Downs 551 $264, % 90 $ % Spring 2016 Buyer s Guide 24

27 Queensland, Council regions Houses house value by council region South East Queensland Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 25

28 Brisbane suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Teneriffe Brisbane 24 $1,584, % 46 Ascot Brisbane 85 $1,417, % 55 $ % New Farm Brisbane 61 $1,376, % 57 $ % Hamiln Brisbane 79 $1,256, % 68 $ % Bulimba Brisbane 125 $1,176, % 45 $ % Chandler Brisbane 20 $1,145, % 70 St Lucia Brisbane 92 $1,139, % 38 $ % Hawthorne Brisbane 98 $1,119, % 40 $ % Burbank Brisbane 23 $1,085, % 66 Pallara Brisbane 11 $1,057,680 Macleay Island Redland 97 $252, % 114 $ % Ebbw Vale Ipswich 11 $250, % 58 $ % Basin Pocket Ipswich 31 $244, % 29 $ % One Mile Ipswich 52 $244, % 60 $ % Gailes Ipswich 32 $244, % 43 $ % Lamb Island Redland 17 $238, % 110 $ % Dinmore Ipswich 20 $236, % 88 $ % Riverview Ipswich 52 $236, % 42 $ % Leichhardt Ipswich 67 $232, % 56 $ % Russell Island Redland 122 $218, % 154 $ % Spring 2016 Buyer s Guide 26

29 Brisbane suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 27

30 Queensland, Council regions Units Queensland s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Gold Coast 11,558 $375, % 52 $ % Brisbane 11,060 $421, % 41 $ % Sunshine Coast 3,022 $374, % 65 $ % Moren Bay 2,130 $312, % 71 $ % Cairns 1,440 $221, % 66 $ % Logan 1,290 $250, % 55 $ % Noosa 873 $480, % 85 $ % Redland 773 $355, % 59 $ % Townsville 551 $256, % 78 $ % Toowoomba 517 $276, % 64 $ % Ipswich 498 $258, % 79 $ % Fraser Coast 318 $246, % 91 $ % Douglas 315 $251, % 86 $ % Whitsunday 210 $284, % 98 $ % Bundaberg 198 $247, % 97 $ % Mackay 139 $233, % 116 $ % Gladsne 105 $267, % 117 $ % Livingsne 104 $312, % 87 $ % Rockhampn 91 $280, % 80 $ % Scenic Rim 74 $254, % 68 $ % Spring 2016 Buyer s Guide 28

31 Queensland, Council regions Units unit value by council region South East Queensland Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 29

32 Brisbane suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Tennyson Brisbane 11 $1,030,589 $ % Brookwater Ipswich 103 $629, % 70 $ % Bardon Brisbane 36 $598, % 31 $ % Newstead Brisbane 122 $597, % 79 $ % Bulimba Brisbane 138 $589, % 43 $ % Teneriffe Brisbane 207 $577, % 41 $ % Mount Ommaney Brisbane 16 $566, % 111 $ % New Farm Brisbane 267 $555, % 38 $ % Kenmore Brisbane 39 $550, % 77 $ % Point Lookout Redland 27 $535,658 East Ipswich Ipswich 13 $214,701 $ % Goodna Ipswich 38 $213, % 69 $ % Redbank Ipswich 14 $211, % 82 $ % Bellbird Park Ipswich 14 $202,356 $ % Caboolture South Moren Bay 14 $202,262 $ % Beenleigh Logan 95 $198, % 42 $ % Woodridge Logan 145 $196, % 48 $ % Beachmere Moren Bay 15 $183, % 174 Bethania Logan 44 $172,722 Deagon Brisbane 14 $129, % 85 $320 Spring 2016 Buyer s Guide 30

33 Brisbane suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 31

34 South Australia, Council regions Houses South Australia s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Onkaparinga 3,201 $346, % 47 $ % Salisbury 2,320 $309, % 43 $ % Port Adelaide Enfield 2,140 $405, % 47 $ % Tea Tree Gully 1,772 $385, % 42 $ % Charles Sturt 1,730 $504, % 50 $ % Marion 1,600 $449, % 41 $ % Playford 1,433 $238, % 67 $ % Mitcham 1,119 $570, % 48 $ % Campbellwn 930 $524, % 49 $ % West Torrens 887 $519, % 44 $ % Burnside 688 $843, % 56 $ % Adelaide Hills 677 $561, % 64 $ % Alexandrina 665 $348, % 97 $ % Mount Barker 618 $399, % 68 $ % Unley 522 $781, % 54 $ % Norwood Payneham St Peters 495 $694, % 45 $ % Mount Gambier 486 $232, % 94 $ % Gawler 484 $310, % 65 $ % Holdfast Bay 479 $651, % 55 $ % Vicr Harbor 466 $361, % 98 $ % Spring 2016 Buyer s Guide 32

35 South Australia, Council regions Houses house value by council region Adelaide Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 33

36 Adelaide suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Unley Park Unley 27 $1,631, % 149 $ % Medindie Walkerville 17 $1,559, % 64 $ % College Park Norwood Payneham St Peters 13 $1,445,000 Saint Peters Norwood Payneham St Peters 64 $1,206, % 44 $ % Rose Park Burnside 12 $1,178,245 Toorak Gardens Burnside 34 $1,159, % 85 $ % Leabrook Burnside 22 $1,155,501 $ % Malvern Unley 50 $1,124, % 56 $ % Tennyson Charles Sturt 15 $1,095,081 $ % Fitzroy Prospect 14 $1,093,363 Elizabeth Playford 19 $231, % 41 $ % Munno Para Playford 57 $223, % 51 $ % Elizabeth East Playford 83 $221, % 70 $ % Elizabeth Grove Playford 28 $207, % 30 $ % Elizabeth South Playford 29 $206, % 42 $ % Elizabeth Park Playford 86 $204, % 70 $ % Elizabeth Downs Playford 101 $194, % 66 $ % Smithfield Plains Playford 29 $193, % 92 $ % Davoren Park Playford 103 $179, % 51 $ % Elizabeth North Playford 51 $175, % 55 $ % Spring 2016 Buyer s Guide 34

37 Adelaide suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 35

38 South Australia, Council regions Units South Australia s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Charles Sturt 905 $344, % 59 $ % Adelaide 732 $412, % 52 $ % Marion 658 $321, % 45 $ % Port Adelaide Enfield 589 $290, % 57 $ % Holdfast Bay 568 $392, % 65 $ % Salisbury 451 $244, % 73 $ % West Torrens 435 $309, % 54 $ % Unley 422 $376, % 42 $ % Norwood Payneham St Peters 387 $372, % 42 $ % Burnside 353 $396, % 32 $ % Onkaparinga 339 $261, % 55 $ % Mitcham 248 $327, % 49 $ % Playford 247 $156, % 54 $ % Campbellwn 214 $329, % 58 $ % Tea Tree Gully 198 $285, % 56 $ % Prospect 121 $314, % 48 $ % Mount Gambier 111 $172, % 100 $ % Gawler 74 $216, % 68 $ % Whyalla 70 $166, % 171 $ % Walkerville 66 $406, % 58 $ % Spring 2016 Buyer s Guide 36

39 South Australia, Council regions Units unit value by council region Adelaide Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 37

40 Adelaide suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Urrbrae Mitcham 11 $554,497 $ % Eastwood Burnside 18 $550, % 67 $ % Norwood Norwood Payneham St Peters 108 $475, % 48 $ % Glenelg Holdfast Bay 170 $474, % 77 $ % Frewville Burnside 10 $473,103 $ % Glen Osmond Burnside 14 $473, % 63 $ % North Adelaide Adelaide 158 $464, % 57 $ % Rose Park Burnside 16 $451,660 $ % North Haven Port Adelaide Enfield 38 $447, % 78 $ % Hyde Park Unley 37 $444, % 37 $ % Salisbury North Salisbury 57 $195, % 54 $ % Salisbury Salisbury 73 $186, % 74 $ % Elizabeth East Playford 24 $166, % 64 $ % Elizabeth North Playford 48 $162, % 43 $ % Elizabeth Grove Playford 18 $153, % 34 $ % Davoren Park Playford 41 $148, % 121 $ % Elizabeth South Playford 31 $147, % 59 $ % Elizabeth Downs Playford 34 $143, % 46 $ % Elizabeth Vale Playford 13 $141, % 45 $ % Evansn Gawler 16 $134, % 42 $ % Spring 2016 Buyer s Guide 38

41 Adelaide suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 39

42 Western Australia, Council regions Houses Western Australia s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Stirling 3,073 $664, % 49 $ % Wanneroo 2,602 $449, % 61 $ % Joondalup 2,205 $610, % 44 $ % Rockingham 1,961 $403, % 72 $ % Swan 1,856 $442, % 64 $ % Mandurah 1,542 $379, % 69 $ % Canning 1,360 $582, % 45 $ % Melville 1,309 $779, % 53 $ % Cockburn 1,296 $530, % 64 $ % Armadale 1,226 $396, % 63 $ % Gosnells 1,222 $414, % 48 $ % Bayswater 855 $554, % 49 $ % Kalamunda 773 $517, % 48 $ % Busseln 613 $492, % 80 $ % Kwinana 582 $345, % 70 $ % Mundaring 558 $519, % 67 $ % Belmont 525 $515, % 60 $ % Albany 491 $393, % 98 $ % Vicria Park 443 $599, % 46 $ % Bunbury 420 $346, % 94 $ % Spring 2016 Buyer s Guide 40

43 Western Australia, Council regions Houses house value by council region Perth Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 41

44 Perth suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Peppermint Grove Peppermint Grove 14 $3,643, % 132 $1, % Dalkeith Nedlands 59 $2,341, % 56 $ % Cottesloe Cottesloe 106 $1,905, % 82 $ % City Beach Cambridge 92 $1,787, % 102 $ % Swanbourne Nedlands 57 $1,704, % 69 $ % Nedlands Nedlands 122 $1,507, % 37 $ % Applecross Melville 80 $1,430, % 72 $ % Claremont Claremont 92 $1,403, % 42 $ % Churchlands Stirling 36 $1,319, % 28 $ % Mosman Park Mosman Park 108 $1,309, % 50 $ % Armadale Armadale 208 $332, % 63 $ % Cooloongup Rockingham 108 $316, % 60 $ % Camillo Armadale 68 $314, % 44 $ % Parmelia Kwinana 83 $311, % 75 $ % Eglinn Wanneroo 15 $309, % 96 Orelia Kwinana 68 $308, % 48 $ % Calista Kwinana 34 $306, % 78 $ % Hillman Rockingham 25 $296, % 96 $ % Kwinana Town Centre Kwinana 10 $292,233 Medina Kwinana 58 $277, % 41 $ % Spring 2016 Buyer s Guide 42

45 Perth suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 43

46 Western Australia, Council regions Units Western Australia s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Stirling 1,022 $455, % 52 $ % Perth 661 $498, % 72 $ % South Perth 329 $537, % 69 $ % Bayswater 291 $403, % 49 $ % Melville 276 $531, % 55 $ % Mandurah 256 $302, % 116 $ % Belmont 227 $427, % 64 $ % Subiaco 223 $532, % 60 $ % Vicria Park 217 $482, % 76 $ % Cockburn 194 $410, % 95 $ % Rockingham 188 $317, % 92 $ % Joondalup 175 $427, % 88 $ % Fremantle 160 $546, % 88 $ % Cambridge 153 $377, % 56 $ % Bunbury 126 $304, % 97 $ % Vincent 122 $517, % 49 $ % Canning 115 $444, % 61 $ % Swan 107 $364, % 82 $ % Busseln 102 $376, % 80 $ % Claremont 96 $709, % 69 $ % Spring 2016 Buyer s Guide 44

47 Western Australia, Council regions Units unit value by council region Perth Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 45

48 Perth suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield North Fremantle Fremantle 58 $831, % 114 $ % Cottesloe Cottesloe 58 $768, % 57 $ % Claremont Claremont 96 $709, % 69 $ % Mount Pleasant Melville 19 $705, % 103 $ % Mindarie Wanneroo 11 $639,244 $ % North Coogee Cockburn 24 $636, % 76 $ % Crawley Subiaco 27 $633, % 70 $ % Nedlands Nedlands 23 $628, % 83 $ % Applecross Melville 44 $622, % 85 $ % Attadale Melville 21 $621, % 89 $ % Rockingham Rockingham 101 $342, % 111 $ % Baldivis Rockingham 26 $339, % 68 $ % Wembley Cambridge 103 $334, % 54 $ % Glendalough Stirling 38 $322, % 38 $ % Gosnells Gosnells 20 $317, % 110 $ % Girrawheen Wanneroo 13 $302, % 82 $ % Kelmscott Armadale 11 $297, % 104 $ % Wellard Kwinana 13 $287,902 Shoalwater Rockingham 41 $286, % 59 $ % Armadale Armadale 32 $274, % 50 $ % Spring 2016 Buyer s Guide 46

49 Perth suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 47

50 Tasmania, Council regions Houses Tasmania s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Launcesn 1,160 $258, % 58 $ % Clarence 901 $372, % 30 $ % Glenorchy 719 $274, % 39 $ % Hobart 667 $505, % 18 $ % Kingborough 614 $408, % 47 $ % West Tamar 493 $304, % 68 $ % Devonport 466 $240, % 106 $ % Central Coast 367 $268, % 92 $ % Huon Valley 356 $314, % 90 $ % Burnie 301 $217, % 68 $ % Sorell 298 $281, % 91 $ % Meander Valley 292 $295, % 60 $ % Brighn 252 $212, % 66 $ % Waratah/Wynyard 243 $243, % 93 $ % Derwent Valley 208 $224, % 75 $ % Northern Midlands 201 $246, % 62 $ % Latrobe 185 $304, % 124 $ % Break O Day 163 $249, % 120 $ % Dorset 160 $218, % 118 $ % Glamorgan/Spring Bay 143 $311, % 110 $ % Spring 2016 Buyer s Guide 48

51 Tasmania, Council regions Houses house value by council region Hobart Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 49

52 Hobart suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Battery Point Hobart 22 $836, % 29 $ % Sandy Bay Hobart 166 $687, % 23 $ % Bonnet Hill Kingborough 12 $616,127 Acn Park Clarence 30 $610, % 23 Tranmere Clarence 33 $569, % 41 $ % Hobart Hobart 13 $555, % 32 $ % Otago Clarence 14 $542,126 Glebe Hobart 11 $515,398 $ % Dynnyrne Hobart 18 $511, % 20 $ % West Hobart Hobart 67 $509, % 14 $ % Goodwood Glenorchy 22 $224, % 35 $ % Chigwell Glenorchy 26 $221, % 113 $ % Primrose Sands Sorell 36 $207, % 115 $ % New Norfolk Derwent Valley 88 $201, % 75 $ % Rokeby Clarence 47 $193, % 54 $ % Risdon Vale Clarence 44 $177, % 60 $ % Bridgewater Brighn 56 $169, % 72 $ % Clarendon Vale Clarence 19 $151, % 40 $ % Gagebrook Brighn 29 $143, % 47 $ % Herdsmans Cove Brighn 17 $132,121 $ % Spring 2016 Buyer s Guide 50

53 Hobart suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 51

54 Tasmania, Council regions Units Tasmania s 20 p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Hobart 399 $350, % 29 $ % Glenorchy 235 $212, % 70 $ % Launcesn 222 $220, % 42 $ % Clarence 183 $297, % 23 $ % Kingborough 159 $291, % 29 $ % Devonport 91 $222, % 79 $ % West Tamar 79 $245, % 61 $ % Meander Valley 70 $217, % 92 $ % Central Coast 52 $235, % 85 $ % Brighn 48 $214, % 88 $ % Burnie 40 $193, % 77 $ % Waratah/Wynyard 35 $219, % 120 $ % Sorell 34 $243, % 68 $ % Northern Midlands 33 $226, % 42 $ % Latrobe 32 $243, % 104 $ % George Town 20 $197,481 $ % Huon Valley 18 $218, % 154 $ % Derwent Valley 15 $202, % 137 $ % Break O Day 14 $202,336 $ % Glamorgan/Spring Bay 14 $244,309 $ % Spring 2016 Buyer s Guide 52

55 Tasmania, Council regions Units unit value by council region Hobart Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 53

56 Hobart suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Battery Point Hobart 36 $542, % 7 $ % Hobart Hobart 58 $465, % 15 $ % Tranmere Clarence 13 $427, % 104 North Hobart Hobart 23 $420, % 12 $ % Sandy Bay Hobart 94 $372, % 38 $ % West Hobart Hobart 32 $345, % 51 $ % Dynnyrne Hobart 15 $318, % 25 $ % South Hobart Hobart 33 $313, % 53 $ % Lindisfarne Clarence 25 $312, % 56 $ % Bellerive Clarence 43 $305, % 11 $ % Mount Nelson Hobart 19 $243, % 51 $ % Midway Point Sorell 11 $237,771 $ % Rosetta Glenorchy 11 $228,556 $ % Moonah Glenorchy 24 $213,585 $ % Brighn Brighn 29 $209, % 84 $ % Glenorchy Glenorchy 79 $208, % 50 $ % Claremont Glenorchy 53 $200, % 125 $ % New Norfolk Derwent Valley 14 $198, % 105 $ % Montrose Glenorchy 15 $198, % 55 $ % Berriedale Glenorchy 11 $189,184 $ % Spring 2016 Buyer s Guide 54

57 Hobart suburbs Units unit value by suburb. $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 55

58 Australian Capital Terriry suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Forrest Canberra 13 $2,094,317 $ % Reid Canberra 14 $1,409,540 $ % Red Hill Canberra 43 $1,398, % 52 $ % Griffith Canberra 43 $1,364, % 44 $ % Yarralumla Canberra 41 $1,356, % 66 $ % Deakin Canberra 54 $1,281, % 55 $ % Campbell Canberra 37 $1,125, % 54 $ % Turner Canberra 14 $1,086,158 $ % Garran Canberra 32 $1,004,213 $ % Isaacs Canberra 18 $991,298 $ % Chisholm Canberra 59 $503, % 47 $ % Dunlop Canberra 131 $499, % 42 $ % Scullin Canberra 45 $497, % 49 $ % Latham Canberra 44 $492, % 61 $ % Higgins Canberra 35 $476, % 37 $ % Richardson Canberra 35 $470, % 54 $ % Macgregor Canberra 127 $458, % 49 $ % Holt Canberra 46 $446, % 36 $ % Ngunnawal Canberra 151 $426, % 41 $ % Charnwood Canberra 39 $400, % 49 $ % Spring 2016 Buyer s Guide 56

59 Australian Capital Terriry suburbs Houses house value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 57

60 Australian Capital Terriry suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Yarralumla Canberra 30 $826,800 $ % Ainslie Canberra 14 $693,458 Deakin Canberra 10 $614,953 $ % Forrest Canberra 28 $596, % 62 $ % Isaacs Canberra 24 $589, % 42 $ % Garran Canberra 22 $559, % 45 $ % Barn Canberra 75 $547,369 $ % City Canberra 103 $526, % 50 $ % Duffy Canberra 16 $522, % 100 $ % Kingsn Canberra 182 $512, % 84 $ % Jacka Canberra 26 $341,120 Downer Canberra 14 $340,266 $ % Macgregor Canberra 25 $339, % 43 $ % Lyons Canberra 33 $338, % 153 $ % Hackett Canberra 32 $325,369 $ % Hawker Canberra 21 $314, % 50 $ % Curtin Canberra 19 $310,831 $ % Campbell Canberra 28 $310,187 $ % Chifley Canberra 11 $304,203 $ % Hughes Canberra 15 $268,017 $ % Spring 2016 Buyer s Guide 58

61 Australian Capital Terriry suburbs Units unit value by suburb $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 59

62 Northern Terriry, Council regions Houses The Northern Terriry s p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Darwin 639 $603, % 72 $ % Palmersn 524 $552, % 99 $ % Alice Springs 263 $480, % 92 $ % Litchfield 191 $683, % 96 $ % Katherine 95 $402, % 99 $ % Unincorporated NT 25 $370, % 178 Barkly 13 $281,481 $ % Coomalie 11 $332,628 $ % Spring 2016 Buyer s Guide 60

63 Northern Terriry, Council regions Houses house value by council region Darwin Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 61

64 Darwin suburbs Houses Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Fannie Bay Darwin 27 $1,124, % 61 $ % Bayview Darwin 13 $1,000, % 178 $ % Marlow Lagoon Palmersn 12 $892, % 114 Lyons Darwin 32 $834, % 111 $ % Nightcliff Darwin 23 $806, % 98 $ % Parap Darwin 21 $783, % 95 $ % Marrara Darwin 10 $759,996 $ % Stuart Park Darwin 20 $753, % 78 $ % Girraween Litchfield 17 $752,413 $ % Howard Springs Litchfield 42 $730, % 94 $ % Darwin City Darwin 14 $554,126 $ % Wulagi Darwin 36 $544, % 126 $ % Malak Darwin 43 $533, % 64 $ % Anula Darwin 32 $530, % 59 $ % Karama Darwin 37 $517, % 61 $ % Driver Palmersn 31 $503, % 84 $ % Woodroffe Palmersn 37 $491, % 127 $ % Gray Palmersn 23 $465, % 90 $ % Zuccoli Palmersn 163 $457, % 56 $620 Moulden Palmersn 24 $444, % 98 $ % Spring 2016 Buyer s Guide 62

65 Darwin suburbs Houses house value by suburb. $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k 10km 20km 50km Spring 2016 Buyer s Guide 63

66 Northern Terriry, Council regions Units The Northern Terriry s p-selling council regions Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Darwin 590 $452, % 91 $ % Palmersn 191 $345, % 127 $ % Alice Springs 158 $307, % 113 $ % Unincorporated NT 14 $489,530 Katherine 9 $291,081 $ % Litchfield 5 $395,423 Spring 2016 Buyer s Guide 64

67 Northern Terriry, Council regions Units unit value by council region Darwin Inset $1m+ $900k $999k $800k $899k $700k $799k $600k $699k $500k $599k $400k $499k $300k $399k $200k $299k <$200k Spring 2016 Buyer s Guide 65

68 Darwin suburbs Units Top 10 most affordable and most expensive suburbs Suburb Council Region No. Sales (past 12 mths) Value Discount Market Asking Rent Gross Rental Yield Bayview Darwin 22 $668, % 91 $ % Fannie Bay Darwin 31 $563, % 74 $ % Larrakeyah Darwin 44 $515, % 156 $ % Stuart Park Darwin 81 $494, % 127 $ % Berrimah Unincorporated NT 14 $489,530 Darwin City Darwin 101 $484, % 82 $ % The Gardens Darwin 18 $478, % 86 $ % Parap Darwin 25 $457,650 $ % Rapid Creek Darwin 31 $444, % 78 $ % Nightcliff Darwin 72 $429, % 150 $ % Brinkin Darwin 11 $403, % 86 $ % Farrar Palmersn 11 $402,941 $ % Johnsn Palmersn 53 $402,305 $ % Millner Darwin 16 $388, % 84 $ % Leanyer Darwin 21 $381, % 55 $ % Rosebery Palmersn 19 $368,696 $ % Karama Darwin 11 $355, % 95 $ % Gray Palmersn 14 $333,364 $ % Bakewell Palmersn 28 $329, % 105 $ % Driver Palmersn 13 $321, % 127 $ % Spring 2016 Buyer s Guide 66