Housing demand has gained momentum over recent months with prices and new constructions picking up sharply, with activity particularly strong for houses and in regional markets areas such as Newcastle and The Hunter seeing a price increase of around 9%. Indications from recent months sales are seeing areas such as Byron Bay up 40%. Auction clearance … Read the full post »
Newcastle’s median house price has increased by 9.8% to $661,501 for the year to December 20, as reported by CoreLogic .
Property prices in Newcastle have increased as demand for property has risen due to the following factors; a move to the city, as buyer are seeking an improved beach side or lake side … Read the full post »
It’s a seven year high for the Westpac ‘ Time to buy a dwelling ‘ index, signalling a strong return for the housing market. The Westpac Bulletin in October 2020 says that ‘confidence in the housing market has boomed. The ‘time to buy a dwelling’ index increased 10.6%. As with the overall Index the result for NSW (now … Read the full post »
Newcastle’s great lifestyle attracts buyers and tenants during COVID-19
The coronavirus has forced changes in social behavior affecting property markets differently as VESPA buyers (Virus Escapees Seeking Provincial Australia) grow in number and target regional areas such as Newcastle and the Hunter.
In each state, inner-city property markets are still showing relatively weak performance. This is … Read the full post »
Overall, the budget has had a positive effect on the property market, via the extending the First Home Deposit Scheme, maintaining the Home Builders grant, providing tax cuts and easing the rules for obtaining credit.
The Budget released Tuesday reaffirmed an earlier government commitment to extend the existing First Home Loan Deposit scheme to support … Read the full post »
Newcastle’s property market forecast is looking more resilient for the next three years compared to Sydney and the other capital cities. Newcastle’s median house price presently, $604,000 is expected to dip by around 3%-5% to 2022 but bounce back in 2023. By comparison Sydney’s median home price now, $1,147,000 is forecast to fall by 7.9% by 2022 and … Read the full post »
Easing of restrictions RE Covid-19 : the State Government’s decision to remove some of the restrictions imposed on agents when showing and auctioning properties but warn there is no place for complacency, with community safety and social distancing remaining an ongoing priority
The team at Walkom Real Estate will be working with the key … Read the full post »
We are in unprecedented times as a result of the Covid-19 outbreak. To assist you we provide links to sites that can assist you.
Financial support is available to help you manage the affects of the coronavirus (COVID-19). The Government announced new measures recently and these can be found at Smartmoney.gov.au … Read the full post »
It is with great pleasure that I report to you on what is already shaping up to be a year of new opportunity and great growth for our local and national Real Estate markets. I know it’s an early call – but I can quite confidently say we couldn’t be more ready for it.
I hope some of the identified factors below explain some … Read the full post »
Property market conditions have strengthened in recent months, primarily in Sydney and Melbourne. With this trend typically flowing on to the Newcastle property market.
House prices are around the same as three years ago (2016/2017). There has been a general increase in house prices up 5.3% in Sydney in past 3 months. … Read the full post »