Property Median

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Balwyn North is the only suburb outside Sydney with an $1 million plus apartment median price in the six months to June 30.
Sydney now has 16 of the nation's 17 suburbs where apartments have a $1 million median - up from nine last year, according to Australian Property Monitors.
Sydney's top-priced apartment suburb is Point Piper with a $1,615,000 median, just ahead of Milsons Point on $1.6 million.  
 
$1,615,000 -Point Piper
$1,600,000 - Milsons Point
$1,525,000 - Darling Point
$1,350,000 - Millers Point
$1,265,000 - Cremorne Point
$1,252,500 - Double Bay
$1,230,000 - Cabarita
$1,230,000 - The Rocks
$1,180,000 - Rozelle
$1,164,000 - Edgecliff
$1,100,000 - Kirribilli
$1,075,000 - Clovelly
$1,070,000 - Ramsgate Beach
$1,060,000 - Caringbah South
$1,015,000 - Huntleys Cove
$1,010,000 - Manly
$1,000,000 - Balwyn North (VIC)
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jchancellor-FAypfDUnLy

Balwyn North the only suburb outside Sydney with $1 million apartment median price 

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How are these for solid property investment fundamentals: detached houses cost well under the national average price of $475,000 ~ rental yields of 6% plus ~ population growth rate in line with the national average ~ controlled rates of new housing supply ~ average household income well above the national average ~ average age lower than the national average. How many locations can you think of with better credentials?
For the fifteen year period ending December 2014, the average annual change in median house values in this location was 6.5% and, when combined with median yields of 6.4%, the total return gives this location a ranking which puts it amongst Australia’s Top 40% (209th out of 550 local government jurisdictions). In fact, the historical performance of this property market since the year 2000 was on par with Sunshine Coast and Ballarat, better than the highly desirable South Perth, equal to or better than twenty-nine of Melbourne’s thirty-one LGAs, and better than all of Sydney’s forty-three LGAs. 
Keen to know where this location is?
The main industries supporting the economy of this location are tourism, agriculture, and the defence force. The outlook for these economies at this juncture in the Asian Century, where an unprecedented rise in the number of people about to enter the middle class beckons, is super exciting. It’s little wonder that the Australian federal government and lots of wealthy foreign investors are actively pursuing funding options for new infrastructure investment in the region. 
With current rents all but covering the holding costs on an investment property in this location, just imagine the potential for future capital growth. 
<a href="/images/2015/11/26/900_KatherineNT_PropertyMarket_1999-2014.jpg" target="_blank">Click to enlarge</a>
 <img src="/images/2015/11/26/900_KatherineNT_PropertyMarket_1999-2014.jpg" alt="">
If this hasn’t got the motivated property investor licking their lips I don’t know what will!
World champion athletes Cadel Evans and Leisel Jones were born in this location is probably insufficient information for people to correctly guess the name of this location. Ok, I’ll cease with the suspense. The location that I have described is the Northern Territory regional town of Katherine!
Now, I bet your investment appetite has suddenly dissipated. 
I have just created a real-life set of circumstances to illustrate that too few property investors have an ability to understand and remain focused on the important fundamentals that count most when selecting a location to invest in. The fundamentals described above are real; they are impressive. And if, when I revealed the name of this location, it was a suburb within a capital city I suspect this report would be promptly shared with so many family and friends that it would accelerate within Google’s search engine faster than one could say ‘hotspot’.
Instead of making decisions on investment fundamentals, almost all property investors will immediately be drawn to a map and their personal feelings upon receipt of the name of a location. Often without even realising it, the heart immediately over-rules the head and we begin to ask ourselves questions like ‘would we live there?’ Whether we personally would live in Katherine, Kingston or Kogarah is as subjective as selecting T-bone, trout, or tofu from the restaurant menu.
Located 320 kilometres (a 3 hour drive) south east of Darwin, Katherine is positioned along the nationally significant freight link connecting Darwin to Adelaide. In addition to the national highway, a railway line connects also runs past Katherine. 
Katherine is the Northern Territory’s fifth most populous local government authority (after Darwin, Palmerston, Alice Springs, and Litchfield). 
Katherine has developed in to the primary service centre for a total regional population of 24,000 and an area almost the size of Victoria. Essential social infrastructure is well established, including modern retail facilities, hospital, schooling, sports grounds, parks and gardens as well as several Commonwealth and Territory Government services.
The main industries supporting Katherine’s economy are agriculture, tourism, defence, government (primary industries), and mining.  
RAAF Base Tindal, located adjacent to Katherine civilian airport, is significant for Australia’s air combat defence and fast jet base. The RAAF personnel and families contribute approximately 2,200 people to Katherine’s population and this is expected to increase with the potential of the Delamere Bombing Range and the Bradshaw Range.
The region is adventure territory, offering unique attractions such as Kakadu and Nitmiluk national parks, Katherine Gorge, ancient (indigenous) rock paintings, caves, fishing and camping experiences. Katherine is exceptionally popular for the ‘grey nomads’ (the fast growing number of baby boomers who enjoy long and affordable holidays while taking in the unique sights that Australia offers). 
With approximately 300,000 visitors per year, the retail facilities of Katherine are more than adequate. 
Plentiful water supply and vast open planes makes this prime agricultural land. The environment consists of a warm, tropical climate, spectacular gorges and rainforests, and heavy monsoonal rains in summer. Flash flooding from the Katherine River can occur although it is quite sheltered from the potentially destructive cyclonic winds.
This is one of Australia’s biggest beef cattle regions. Vegetables, mangoes, hay and other field crops are also grown. The NT Department of Primary Industries employs approximately 40 people in Katherine in predominantly research-related roles. With the rapid rise of Asia’s middle class and the resultant huge demand for agricultural products (especially proteins), the Top End is attracting increasing interest from the federal government and foreign investors for investment in primary infrastructure such as irrigation, roads, and rail.
Once a prime gold mining region, the main mined commodities today are lead, zinc, limestone and gravel. 
Several primary schools, a 600-student public high school, an expanding Catholic college, and Charles Darwin university campus cater for the educational needs while the Katherine District Hospital services the health needs of the region
Katherine has already outperformed most high profile property markets over the last fifteen years. Current fundamentals would suggest that the potential for the next fifteen years is better again. Property investors who are unable to challenge the status quo and focus on fundamentals, not the name, are only short-changing themselves.
<a href="/images/2015/11/26/700_darwin.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/26/700_darwin.jpg" alt="">
 
SIMON PRESSLEY IS MANAGING DIRECTOR OF <a href="https://www.propertyology.com.au/" target="_blank">PROPERTYOLOGY</a>, AN REIA HALL OF FAME INDUCTEE, PROPERTY MARKET ANALYST, ACCREDITED PROPERTY INVESTMENT ADVISER, AND BUYER’S AGENT. PROPERTYOLOGY WORKS EXCLUSIVELY WITH PROPERTY INVESTORS TO PURCHASE PROPERTIES IN STRATEGICALLY CHOSEN LOCATIONS ALL OVER AUSTRALIA.
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spressley-sBoeMhannA

Focus on the property investment fundamentals, not the name: Simon Pressley

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The median house price in Brisbane is up 4.3 percent year on year and up 1.6 percent from the final quarter of last year, according to a new report by JLL.
JLL's residential market report for February 2016 said the median apartment price is up 1.8 percent year on year, but stayed unchanged for the last quarter.
The report found Brisbane's inner suburbs are in high demand , with median house prices above $800,000. 
The inner suburbs are in high demand, with median house prices above $800,000. with prices dropping to $550,000 10km or further from the CBD and $400,000 20km or further.
"On average, properties are taking 58-63 days to sell; a day or two longer than last month, but an improvement on the 75-day selling period characteristic of 2015," the report noted.
"Listings are clearing, with total house listings down 12.5%. New house listings are down 8.8% on last year while total apartment listings are down 3.8%. Rental levels for houses have been falling since the beginning of the year."
<a href="/images/2016/02/16/Screen%20Shot%202016-02-16%20at%2011.50.18%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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<a href="/images/2016/02/16/Screen%20Shot%202016-02-16%20at%2011.54.35%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/16/Screen%20Shot%202016-02-16%20at%2011.54.35%20AM.png" alt="">
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mick.cee-iDmgDDAmu8

Median Brisbane house price up 4.3 percent year on year: JLL

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Darwin is the slowest selling market in Australia according to CoreLogic.
Its vendors need to offer the highest discount on asking price to secure a sale.
<a href="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%2011.42.43%20AM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%2011.42.43%20AM.jpg" alt="">
 
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j.ballantyne1990-6AQqhLzZaK

Sydney the quickest selling market with Darwin property time on market at 98 days: CoreLogic

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Just $500 stands between Australia's two cheapest capital cities when it comes to apartment prices.
Adelaide sits as having a $338,000 median apartment price. It is $337,500 in Hobart.
There is a $30,000 gap when it comes to the difference in median prices for houses between Hobart and Adelaide, according to CoreLogic.
Sydney sits as the priciest capital city.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/29/Capital%20city%20prices.jpg" alt="">
In Adelaide, <a href="https://www.realestate.com.au/property-apartment-sa-adelaide-125698758" target="_blank">108/271-281 Gouger Street</a> (pictured above) has been listed with a $338,000 to $348,000 price guidance.
In Hobart, <a href="https://www.realestate.com.au/property-retirement+living-tas-claremont-126656210" target="_blank">61/57 Cadbury Road, Claremont</a> (pictured below) has been listed with a $340,000 price guidance. It is a retirement village option.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/19/be1d7acefadb4661912ad57c013bf528.jpg" alt="">
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