What’s happening in our local property market
Strongest growth
Most traded Fastest sellers
Maudsland 165 sales
Maudsland 16 days
Across our area, there were 262 listings advertised in the past 12 months compared to the rolling 12 month listings of 256 reported last quarter. Let's take a look at the rest of the data for our local market.
Across our local market, we have seen 262 properties listed for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 219 taking place over the past 12 months. Looking at the house market, the best performing suburb, over the past 12 months, has been Gaven which has seen its median sales price grow by 33.3%. The median sales price of a home in Gaven is now $1,500,000. Maudsland saw its median house sales price grow by 17.2% with the median price now sitting at $1,055,000 and Mount Nathan eased -7.1% across 17 individual sales with a median of $1,440,000.
The most traded suburb for houses in our area has been Maudsland with 165 homes sold over the past 12 months and it also had the most unit sales with 1 transactions. House prices in Maudsland have performed strongly with growth of 17.2% and now have a median price of $1,055,000.
Top performing local suburbs
Housing rental yields in Maudsland are currently 4.1% demonstrating why the area is popular with investors.
There is not sufficient data discuss the time it takes to sell a home in our region.
This month it’s all about Maudsland
● One of the most popular suburbs in our region is Maudsland where 184 houses were listed for sale over the past year. Houses in Maudsland have an average land size of 1,318 square metres.
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● The suburb is tightly held with residents typically holding their house for 7.4 years.
● The median value of houses in Maudsland is $1,079,127. This is higher than the median sales price which is currently $1,055,000.
● Over the past 12 months, buyer interest has lifted with 165 houses sold this year compared to 137 sales last year.
● Houses are typically selling within 16 days.
● Sales prices have grown by 17.2% over the past 12 months and vendors are typically discounting by -5.5% to secure a sale.
● All of this means it is now a great time to sell in Maudsland.
Our local area expertise – investing
For housing investors, the best buying in our area can be found in Maudsland where houses are returning a 4.1% yield, while units in Gaven are returning a 5.0% yield - making it a good place for savvy investors to look for inflation-beating returns.
For those interested in investing in houses, also consider Gaven where prices have moved strongly by 33.3% while yields are 3.9% - although this would most likely require a negative gearing investment strategy.
in our
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Median Sale Price
Annual Change in Median Price
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Indicative Gross Rental Yield
Total Listings
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