Your Property News May 2021

One of the factors, and arguably the major one, that is fueling our current growth in the housing market is the tightness of supply of properties for sale. To add context to how tight the market is currently, lets take the microscope to two postcodes in our local market to see how tightly each suburb is held.

Ascot – 4007

Area – 2.7 km2
Residences
- Houses – 1,334 Units – 1,610
Sold Properties in the last 6 months
- Houses – 60 (4.49%) Units – 51 (3.16%)
Advertised Properties
- Houses – 17 (1.2%) Units – 23 (1.42%)

Hamilton – 4007

Area – 3.7 km2
Residences
- Houses – 1,168 Units – 3,650
Sold Properties in the last 6 months
- Houses – 47 (4.02%) Units – 99 (2.71%)
Advertised Properties
- Houses – 21 (1.8%) Units – 116 (3.18%)

Clayfield – 4011

Area – 2.9 km2
Residences
- Houses – 1,585 Units – 3,350
Sold Properties in the last 6 months
- Houses – 61 (3.8%) Units – 94 (2.8%)
Advertised Properties
- Houses – 22 (1.3%) Units – 40 (1.2%)

Hendra – 4011

Area – 2.6 km2
Residences
- Houses – 2,061 Units – 385
Sold Properties in the last 6 months
- Houses – 46 (2.9%) Units – 7 (1.8%)
Advertised Properties
- Houses – 19 (1.2%) Units – 2 (0.5%)

** All data sourced from CoreLogic – as at 8 May 2021

Couple this with the average time in a property expanding from 7 years to 12 years, this adds context to why it is hard to find your next home in our area. It also explains why it’s a sellers’ market.

If you have made the decision to move or would like to explore your options, we would love to help you achieve a premium price for your current home. Our door is always open – You are our focus.

Regards
Amanda
0438 767 439

FOR SALE

5/58 St Pauls Terrace, Spring Hill
For Sale

Commercial space with front and rear access
21 sqm – 11 sqm shop, 6 sqm storage and 4 sqm powder room and exclusive use car park
View by Appointment
Click here for more information