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 »
The NSW Government has announced stamp duty will be temporarily scrapped for first-home buyers purchasing newly-built properties worth up to $800,000 and heavily discounted for homes priced up to $1 million.
Commencing August 1, the threshold above which stamp duty will be charged on new homes for first-home buyers will increase from the current $650,000 … 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 »
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 »
What the new first home buyer concessions mean for the Newcastle property market
As has been widely reported, July 1 marked the first day of the NSW Government’s increase to support packages for first home buyers. Designed to bring some much- need relief for first home buyers entering the market – who often face stiff competition from investors … Read the full post »
Walkom Real Estate Property Management Newcastle.
If you have property in Newcastle that you wish to manage then contact our office.
Tenant selection is an important step when renting a property. Marketing the property is a vital process in securing a tenant. Hundreds of dollars can be lost in delaying a lease on your vacant house or apartment. We use all the available media … Read the full post »