Market News

 ADELAIDE TODAY

In Brief

- Adelaide Metro Median House Price:  $410,000.

- 13 Suburbs with a median value of $1M+, up from 11 in 2010.

- Malvern ($1.04M) and Walkerville ($1M) join the list.
 

Standout Suburbs

- Greatest Median Price Change Over 5 Years: KIDMAN PARK ↑62.9%, $202,515 to $524,400.

- 2014 Greatest Price Increase: BEACHSIDE KINGSTON PARK ↑28.4% to $744,698.

- Most Affordable suburb: ELIZABETH NORTH, median house price $173,360.

- Highest Median Price: Springfield, $1,641,000.
 

Renovation & Alteration Boom

- South Australians are spending $1M/day after three lean years.

- Unley & Parkside lead the boom.

- Lending for alterations and additions is at a ten year low.
 

Rental Round-Up

Median Rent Per Week

- Unley Park: $810

- Tusmore: $710

- Glenside: $645

- Gilberton: $613

- Davoren Park: $250 and yield 7.4%
 
 

Changes to Tenancy Agreement:

Carpets: Tenants are no longer required to steam clean when vacating the property.

Polished floorboards: Owners required to provide furniture pads to protect wooden floors.
 

 AROUND THE NATION

 

Housing Price Increase

Melbourne

7.6%

Perth

2.1%

Brisbane

4.8%

Sydney

12.4%



Australia’s Most Expensive Carpark:

$330,000 in George Street, Sydney.
 

Overseas Investment Update

- 70% of all purchases were for properties < $1million.

- 5% were for purchases > $5million.

- 50% of purchases were for apartments.
 

HOT OFF THE NET

Median House Price:

- Sydney: $723,000

- Melbourne: $561,000

- Perth: $525,000

- Darwin: $525,000

- Brisbane: $458,000

2009 - 2015:

- Sydney Prices ↑57%.

- Melbourne Prices ↑50%
 

 
            Number of houses with $1M median house price

 
STATE
 
JUNE 2014
 
JUNE 2010
NSW
248
174
VIC
56
46
QLD
13
21
WA
54
39


AROUND THE GLOBE                              

- Residential property ↑

- Most purchases are in cash.

- Ave. house $358,773 (Sept ‘14)

- 4-6 bedrooms ave. $511,493.

- Rental yield 6% - 7%.

- Tenants pay ¼ in advance.

- Landlords can take their tenants possessions for unpaid rent.
 

ISRAEL

- Ave. prices ↑ 7.42%

- Tel Aviv has the most expensive housing: Ave $642,870.

- Properties sold as bare walls only unless otherwise stated.

- Jerusalem ave. price $542,035.

Rentals-Tel Aviv

- 60sqm apartment $2,051 per month.

- Low returns: 3.72% - 3.88%
 

NETHERLANDS

- House prices ↑ after 5 yrs ↓.

- Amsterdam ave. house price ↑3.5% to $359,428.

- Rental yield 4.5 - 6.4%

- Almost impossible to evict tenants.

- Basic rental contract is unlimited in duration

 

PLACES LESS TRAVELLED

- Rwanda: All land owned by the Government.

- Lease terms 50 - 99 years.

- Laos: Foreigners can lease land up to 75 years. 

- Bhutan: 70% of land is owned by women.