TABLE OF CONTENTS

Chief Executive Officer - Project Marketing j.coppini@oliverhume.com.au

FOREWORD

2020 has been a tumultuous year for all aspects of life in Australia, and for it’s various industries including the property market.

What began and remains, first and foremost, a health crisis, has made 2020 unrecognisable to how people thought the year would develop.

While the virus remains a threat, life is returning to normal with some jurisdictions more advanced than others in achieving pre-virus social, economic and other conditions.

The property market has faced a range of challenges this year but has, for the most part, proved relatively resilient.

While extensive Government and Reserve Bank of Australia (RBA) support has been important so too has underlying confidence in the Australian economy and property market.

This is especially the case given the long-term nature of the property market and the confidence needed to transact on assets with holding periods, mostly, of a medium to long term nature.

Across the broader residential market and on a national basis, sales volumes continue to rebound, having come under pressure in recent months.

Residential prices, having moderated, now show signs of steady increase in many capital cities.

The fortunes of land markets have not been too dissimilar to the broader market.

Sales in the Victorian land market remain steady, having experienced both extreme highs and lows due to a range of factors including the economic impacts of the virus but also significant Government and RBA support through the very successful HomeBuilder scheme, the first home loan deposit scheme and low interest rates. Prices have moderated but now appear to have stabilised.

Queensland land sales and prices remain steady and expected to be a key beneficiary of a return to normal when interstate migration returns to normal.

Looking ahead, Victoria is now easing restrictions and the state has faced one of its toughest economic and property market environments in living memory.

However, as with the previous lockdown, the property industry has shown to be agile and innovative including, but not limited to, the use of new technologies in facilitating project marketing and sales.

Having access to real-time data - combined with the skill set, knowledge and wisdom to interpret and understand information and analysis, is arguably, more important today than ever before.

Providing our clients, stakeholders and strategic partners with the latest data and insights to better anticipate the future and make the right strategic decisions is a key priority for Oliver Hume.

In these uncertain times this latest quarterly report is an invaluable tool for understanding current and emerging trends in the property market. The report includes a range of data and indicators, including our own proprietary property intelligence, compiled and analysed by our specialist in-house research team.

WESTERN AUSTRALIA

Darwin

NORTHERN TERRITORY

SOUTH AUSTRALIA QUEENSLAND

Brisbane

Gold Coast

Adelaide NEW SOUTH WALES

Sydney

VICTORIA

Canberra

Melbourne

TASMANIA Hobart