Showing posts with label transaction volume. Show all posts
Showing posts with label transaction volume. Show all posts

Thursday, January 9, 2014

Brisbane Apartment Sales Up

According to RP Data, Brisbane unit and apartment sales (that is, the number of sales) is up 16% than the same three month period a year ago.

(click on image to make bigger)
Based on RP Data’s estimates, there were 9,639 Brisbane house sales over the three months to October 2013 and 3,671 apartment sales.

Tuesday, October 29, 2013

Volume of Brisbane Apartment Sales


Saturday, September 7, 2013

RP Data sales report

Over the 2012/13 financial year, RP Data estimates that there were 328,903 houses and 122,282 units sold across the country. Based on these figures, sales volumes over the year were 13.1% higher for houses and 6.4% higher for units. The data indicates that at a national level the vast majority of transactions were for detached houses, at 72.9% of all sales.

Brisbane – house sales rose 20.9% over the year with Brisbane recording 14.8% of all capital city house sales. The lift in unit sales was more moderate at just 7.4% and unit sales across the city accounted for 13.5% of all capital city sales.

Full Report Here

Tuesday, February 12, 2013

Brisbane Real Estate Market Summary

The Brisbane real estate market is still about 10% below its peak.  And sales volumes are still down.  I guess that means that there is room for improvement.



Thursday, September 20, 2012

Prices Up? But sales volumes are down

""Real estate is a confidence thing and confidence gets zapped by uncertainty and all the information we've been getting from overseas and at home has certainly zapped confidence."  Mr Kardash also noted the median house price provided a limited snapshot of the property field, because the figure could often be skewed by an inordinate number of sales at either the low or top end of the market in a given time period.  Like Mr Matusik, he said the 4.7 per cent drop in the median house price in the 12 months to June this year reflected the majority of activity which occurred at the lower end of the market.

Mr Kardash said the Brisbane market was on the "cusp of improvement", although he noted the middle price range remained relatively stagnate.

"Just recently the market's seen a little bit of a pick-up in the very top end ... but for us, we'd be looking at all three price ranges to be showing an improvement before you could call that the industry was on the way up," he said.

Sunday, August 19, 2012

Few Optimistic Words From Real Estate Lobby Group

From an REIQ media statement, issued last night:

"Queensland home buyers retreated from the property market in the June quarter as they waited for the return of stamp duty concessions but house prices held their ground, according to the latest Real Estate Institute of Queensland (REIQ) data.The REIQ June quarter median house price report, released today, shows house prices remaining steady in the face of lower sales activity across the State. REIQ CEO Anton Kardash said there was a noticeable slow-down in activity from May to June."

REIQ is the lobby group for Queensland real estate agents, and they are reporting a slow-down and lower sales activity.  That is, nothing is selling.  (The median house price data released by REIQ, which is for houses (not apartments) is not that useful, if there are few sales.  The price data reports only on what is selling today, and not whether values for any particular property have risen or fallen.)

Sunday, June 3, 2012

RP Data Report


From a recent RP Data Report:

Brisbane values and volumes
  • Over the past 12 months, property values in Brisbane have fallen by -6.6 percent for houses and units declined by -5.4 percent, underperforming the ten year average annual growth rates of 8.0 percent for houses and 7.0 percent for units.
  • Although the combined capital cities began to record a strong rate of growth post GFC, Brisbane’s property market underperformed and has recorded limited growth in home values over the past five years.
  • Brisbane’s property market also experienced distinct cycles over the past decade, with annual property value growth recording an historic high in November 2003, then consolidating over 2004 to 2006, followed by a strong recovery prior to the GFC however, Brisbane has been underperforming since 2008.
  • Over the last five years, sales volumes have been recorded an average of 3,915 transactions per month.
  • The current sales volumes are estimated to be -24 percent lower than the five year average.
  • Brisbane’s median house price is recorded at $430,000 and the median unit price sits at $360,000 in April 2012. 
Key Statistics

  • Compared to the combined capital city average, Brisbane’s property values have been underperforming since the beginning of 2009.
  • Over the past five and ten years, Brisbane has experienced a much stronger housing market performance than it has over the past 12 months.
  • Vendor discounting rates are currently recorded at an average of -9.5 percent for houses and -7.5 percent for units. At the same time last year, discount rates were recorded at -8.9 percent for houses and -7.8 percent for units.
  • In March 2012, Brisbane houses were on the market for an average of 86 days and 58 days for units. In March 2011, houses took an average of 88 days to sell and units 66 days, highlighting a slight improvement in conditions for sellers.
  • Vendors who sold their dwellings over the past year had owned their houses for 8.7 years on average and units for 6.9 years. 
  • In June 2011, Brisbane’s estimated population was roughly 2.1 million persons, growing by 1.7 percent over the year.
  • Brisbane dwelling are each home to an average of 2.7 persons. 



Sunday, March 11, 2012

Number of Dwellings Sold in Brisbane

In Brisbane, in 2003, over 73,000 dwellings were sold.  In 2007, over 69,000 dwellings were sold in Brisbane.  However, in 2011, only 34,300 dwellings changed hands.

This was the lowest number of properties sold in any year in Brisbane in the past decade.

RP Data says:
"Clearly 2011 was a very weak year for housing transactions. The higher interest rate environment throughout much of the year and the general conservative nature of consumers were likely to be the biggest influences on such a low volume of sales. We are anticipating transaction volumes will pick up over 2012 due to slightly more favourable conditions."

See Article from RP Data