RESIDENTIAL RESEARCH - Knight Frank€¦ · RESIDENTIAL RESEARCH A REVIEW OF KEY RESIDENTIAL...

RESIDENTIAL RESEARCH

A REVIEW OF KEY RESIDENTIAL INDICATORS ACROSS MAJOR AUSTRALIAN CITIES

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2

Economic growth was recorded

at 3.1% annual growth in March

2018. Unemployment across

Australia was 5.4% in the June

2018 quarter. The official cash

rate target remained unchanged

at 1.50% on 8 August 2018. In

June 2018 housing finance

annual growth fell 0.4%. Annual

growth for residential building

approvals was up 3.6% in June

2018.

Australian house values were

down 1.0% in the year ending

June 2018 (falling 1.0% in the

last quarter) to $802,000.

Apartment values were down

2.2% over the year ending June

2018 (falling 0.4% in the last

quarter) to $554,500 (excl.

Greater Darwin).

In the year ending June 2018, the

volume of house sales across

Australia fell 8.1% to 317,907;

whilst 96,094 apartment sales

were recorded (falling by 14.2%).

Gross rental yields for

Australian houses were stable in

Q2 2018 averaging 4.20%; whilst

apartments were down 10 bps to

average 4.30%.

Australian house rents rose

1.3% to $400 per week in the

year ending June 2018; whilst

apartment rents rose 5.0% to

$420 per week.

The weighted average total

residential vacancy for

Australian capital cities was last

recorded at 2.6% in March 2018;

down 30 bps over the year.

Knight Frank Residential Research

National Key Economic Indicators

Australian cities remain some of the most

liveable in the world according to The

Economist Intelligence Unit’s Global

Liveability Index in 2018. Four of

Australia’s capital cities ranked in the top

12 out the 140 cities.

The index saw Melbourne rank the

highest in Australia in 2nd place,

performing 0.9 points better (at 98.4) than

in 2017, despite being d isplaced by

Vienna after seven consecut ive years in

the top spot. Sydney moved up to 5th

place, from 11th, with a score of 97.4.

Adelaide (10th place) and Perth (12th)

saw their score remain the same,

although this year many global cities

have seen improvements in their ranking

due to increas ing stability. Brisbane’s

score was slightly elevated at 94.3;

ranking in 22nd position.

For house and apartment price growth,

Hobart continued to be the best

performing capital city, followed by

houses in Canberra and Adelaide. With

an established risk-adverse lending

environment, overall capital values fell

this quarter in Australia. This was

dominated by the cooling Sydney and

Melbourne markets, following doub le-

digit growth in recent years. Given both

cities have strong economies and

significant populat ion growth, it’s likely

by the end of 2019, most new stock will

be absorbed and price growth will return.

Annual Capital Growth & Gross

Rental Yield & Median Capital Value Greater Capital Cities, Gold Coast LGA & Australia

(excl . Greater Darwin), as at 30 June 2018

AU (102)

SYD (64)

MEL (50)

BNE (77)

PER (115)

ADE (95)

CAN (58)

HOB (53)

DAR (137)

GC (82)

AU (101)SYD (66)

MEL (77)

BNE (124)

PER (135)ADE (121)

CAN (86)

HOB (37)

DAR (262)

GC (100)

-18%

-16%

-14%

-12%

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

22%

24%

2.50% 3.50% 4.50% 5.50% 6.50%

APARTMENTS

HOUSES

(X) AVE DAYS ON MARKET

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

Mar-

17

Sep

-17

Mar-

18

Jun-1

7

Dec-1

7

Jun-1

8

Aug

-17

Feb

-18

Aug

-18

Jun-1

7

Dec-1

7

Jun-1

8

Jun-1

7

Dec-1

7

Jun-1

8

GROSS DOMESTIC

PRODUCT,

ANNUAL GROWTH

UNEMPLOYMENT RATE CASH RATE TARGET HOUSING FINANCE,

ANNUAL GROWTH,

BY VALUE

(excl. refinancing)

TOTAL BUILDING

APPROVALS ANNUAL

GROWTH

(houses & apartments)

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3

RESEARCH

Market Trends in Greater Sydney Over the year ending June 2018, capital

growth decreased 4.5% for houses;

falling 1.4% over the past quarter to a

median value of $1,144,000. Apartment

values fell 3.5% over the past year,

decreasing 0.5% in the last quarter to a

median of $737,000.

The volume of sales tallied 44,818

houses (down 11.8%) and 27,707

apartments (down 20.4%) in the year

ending June 2018.

The average days on market for houses

stood at 64 days in the June 2018

quarter. For apartments this was 66 days.

A year earlier, this comparable period

was recorded at 46 days and 54 days,

respectively.

The auction clearance rate for the week

ending 12 August 2018 was 67.6% out of

798 scheduled auctions. This was higher

than the week prior, at 51.9% from 462

scheduled auctions, but lower than the

comparable week a year ear lier when

71.0% (out of 782 auctions) were sold.

Gross rental yields remained steady at

3.10% for houses, but rose 10 bps to

3.90% for apartments over the June

2018 quarter.

Rents remained steady for both houses

and apartments over the year ending

June 2018. Weekly median rents stood at

$550 for both houses and apartments.

Total vacancy was 2.7% as at June

2018; recording 2.8% in the Inner

Suburbs (0-10km from the CBD), 3.0% in

the Middle Suburbs (10-25km) and 2.4%

in the Outer Suburbs (25km+).

Capital Growth, Greater Sydney % annual

Gross Rental Yield & Total Vacancy

Greater Sydney %

Population in Greater Sydney

was estimated at 5.1 million

persons in June 2017,

experiencing annual population

growth of 2.0%. The

population projection is

currently set at 1.4% per annum

until 2036.

Unemployment stood at 4.1%

in Greater Sydney as at June

2018, trending 30 bps lower

than recorded in June 2017.

Gross State Product in New

South Wales (NSW) was

recorded at $557,861 million in

2016/17; 2.9% greater than the

prior year.

The value of NSW housing

finance commitments rose by

4.4% in the year ending June

2018; up from –2.8% recorded

for the previous year.

Building approvals in the year

ending June 2018 totalled

18,330 houses and 35,944

apartments in Greater Sydney.

This was trending 1.7% higher

for houses but 9.1% lower for

apartment approvals compared

to a year earlier.

Key Residential Indicators, 30 June 2018

Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Sydney Houses 1,144,000 -1.4 -4.5 44,818 3.10 550 64

Sydney Apartments 737,000 -0.5 -3.5 27,707 3.90 550 66

AUSTRALIAN RESIDENTIAL REVIEW Q3 2018

-10%

-5%

0%

5%

10%

15%

20%

25%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS VACANCY




4

Market Trends in Greater Melbourne Over the year ending June 2018, capital

growth increased 0.5% for houses; but

fell 1.8% over the past quarter to a

median value of $882,000. Apartment

values rose 0.9% over the year, although

fell 0.6% in the past quarter to a median

of $496,000.




ending June 2018.






respectively.





scheduled auctions, but lower than the




3.10% for houses, but fell 20 bps to

4.30% for apartments over the June 2018

quarter.

Rents for houses increased 2.4% and

2.5% for apartments over the year ending

June 2018. Weekly median rents stood at

$430 for houses and $410 for

apartments.






Capital Growth, Greater Melbourne % annual


Greater Melbourne %

Population in Greater

Melbourne was estimated at 4.8

million persons in June 2017,


growth of 2.7%. The



until 2036.


in Greater Melbourne as at June



Gross State Product in Victoria

was recorded at $399,009

million in 2016/17; 3.3% greater

than the prior year.

The value of Victorian housing



2018; up 1.2% recorded for the

previous year.



28,468 houses and 34,498

apartments in Greater

Melbourne. This was trending

7.6% higher for houses and

20.2% higher for apartment

approvals compared to a year

earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Melbourne Houses 882,000 -1.8 0.5 57,547 3.10 430 50

Melbourne Apartments 496,000 -0.6 0.9 19,686 4.30 410 77

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





5

RESEARCH AUSTRALIAN RESIDENTIAL REVIEW Q3 2018



scheduled auctions, and lower than the



Gross rental yields fe ll 10 bps to 4.60%

for houses, and increased 20 bps to


quarter.

Rents remained steady for houses and

apartments over the year ending June

2018. Weekly median rents stood at $400

for houses and $370 for apartments.






Capital Growth, Greater Brisbane % annual


Greater Brisbane %

Population in Greater Brisbane




growth of 2.0%. The



until 2036.


in Greater Brisbane as at June



Gross State Product in

Queensland was recorded at

$308,709 million in 2016/17;

1.8% greater than the prior year.

The value of Queensland

housing finance commitments

rose by 0.4% in the year ending

June 2018; up from 3.9%

recorded for the previous year.


ending June 2018 totalled 4,715

houses and 10,620 apartments

in Greater Brisbane. This was

trending 20.4% higher for

houses but 15.5% lower for


to a year earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Brisbane Houses 566,500 -0.1 2.0 32,469 4.60 400 77

Brisbane Apartments 379,000 -1.2 -6.4 11,013 5.10 370 124

Market Trends in Greater Brisbane Over the year ending June 2018, capital

growth increased 2.0% for houses;

although falling 0.1% over the past

quarter to a median value of $566,500.

Apartment values fell 6.4% over the year,

decreasing 1.2% in the past quarter to a

median of $379,000.




ending June 2018.



quarter. For apartments this was 124

days. A year earlier, this comparable

period was recorded at a similar 73 days

and 123 days, respectively.



-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





6



35 scheduled auctions. This was lower


scheduled auctions, and lower than the



Gross rental yields were steady at

4.30% for houses, and up 10 bps to


quarter.

Rents decreased 2.8% for houses but

remained steady for apartments over the

year ending June 2018. Weekly med ian

rents stood at $350 for houses and $300

for apartments.


2018; down from 7.3% one year earlier.

Capital Growth, Greater Perth % annual


Greater Perth %

Population in Greater Perth was

estimated at 2.1 million persons

in June 2017, experiencing

annual population growth of

1.0%. The population

projection is currently set at

2.5% per annum until 2036.


in Greater Perth as at June

2018, trending 40 bps higher



Western Australia was recorded

at $233,152 million in 2016/17;

2.7% lower than the prior year.

The value of Western Australian


fell by 8.9% in the year ending

June 2018; improving on the

–10.2% recorded for the

previous year.



11,075 houses and 4,738

apartments in Greater Perth.

This was trending 10.7% lower

for houses and 9.3% lower for


to a year earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Perth Houses 556,500 -0.4 -1.0 26,325 4.30 350 115

Perth Apartments 379,000 3.4 1.7 3,309 4.60 300 135

Market Trends in Greater Perth Over the year ending June 2018, capital

growth decreased 1.0% for houses

falling 0.4% over the past quarter to a

median value of $556,500. Over this

year, apartment values increased 1.7%,

rising 3.4% in the past quarter to a

median of $379,000.




ending June 2018.





period was recorded at 116 days and 143

days, respectively.

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

3%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





7


Market Trends in Gold Coast LGA Over the year ending June 2018, capital

growth increased 2.1% for houses; also

rising 0.8% over the past quarter to a

median value of $625,000.

Apartment values rose 1.7% over the

year, also rising 0.7% in the past quarter

to a median of $427,000.

The volume of sales tallied 9,569 houses

(falling by 17.4%) and 8,504 apartments

(down 17.2%) in the year ending June

2018.




days.



respectively.

Gross rental yields were down 10 bps to

4.80% for houses, but remained steady

at 5.80% for apartments over the June

2018 quarter.

Rents increased 6.4% for houses and

rose 4.9% for apartments over the year

ending June 2018. Weekly median rents

stood at $500 for houses and $430 for

apartments.


2018 up from 1.7% one year ear lier.

Capital Growth, Gold Coast LGA % annual


Gold Coast LGA %

Population in the Gold Coast

LGA was estimated at 576,900



growth of 2.4%. The



until 2036.


for the Gold Coast LGA as at 31

March 2018, trending 70 bps

lower than recorded a year

earlier.


Queensland was recorded at

$308,709 million in 2016/17;


The value of Queensland



June 2018; up from 3.9%



ending July 2018 totalled 2,614

houses and 3,258 apartments in

the Gold Coast LGA.


LGA Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Gold Coast Houses 625,000 0.8 2.1 9,569 4.80 500 82

Gold Coast Apartments 427,000 0.7 1.7 8,504 5.80 430 100

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8


0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS




8

Market Trends in Greater Adelaide Over the year ending June 2018, capital


although falling 0.5% over the past

quarter to a median value of $535,000.

Apartment values rose 0.9% over the

year, but fell 1.9% in the past quarter to a

median of $313,000.


houses (up 1.2%) and 4,209 apartments

(up 10.5%) in the year ending June 2018.






days, respectively.



88 scheduled auctions.

This was slightly higher than the week

prior, at 67.3% from 57 scheduled

auctions, but lower than the comparable

week a year earlier when 72.9% (out of

87 auctions) were sold.


4.50% for houses, and 5.20% for

apartments over the June 2018 quarter.





apartments.

Capital Growth, Greater Adelaide % annual

Gross Rental Yield

Greater Adelaide %

Population in Greater Adelaide




growth of 0.7%. The



until 2036.


in Greater Adelaide as at June



Gross State Product in South

Australia was recorded at

$101,791 million in 2016/17;


The value of South Australian



June 2018; down from 3.3%





Greater Adelaide. This was


houses and 17.4% higher for


to a year earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Adelaide Houses 535,000 -0.5 3.1 19,618 4.50 375 95

Adelaide Apartments 313,000 -1.9 0.9 4,209 5.20 300 121

-2%

-1%

0%

1%

2%

3%

4%

5%

6%

7%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS




9


Market Trends in Canberra Over the year ending June 2018, capital

growth increased 6.2% for houses; rising

3.2% over the past quarter to a median

value of $750,000. Apartment values fell

2.1% over the year, falling 1.2% in the

past quarter to a median of $415,500.


(down 4.9%) and 3,905 apartments

(down 20.7%) in the year ending June

2018.






respectively.





scheduled auctions, and the same as the




4.30% for houses, and 5.80% for

apartments over the June 2018 quarter.





apartments.

Total vacancy was 0.5% as at March

2018; falling from 1.7% one year ear lier.

Capital Growth, Canberra % annual


Canberra %

Population in the Australian Capital Territory (ACT) was

estimated at 410,300 persons in

June 2017, experiencing annual

population growth of 1.7%.

The population projection is


until 2036.


in the ACT as at June 2018,

trending 150 bps lower than

recorded in June 2017.

Gross State Product in the

ACT was recorded at $37,566

million in 2016/17; 4.6% greater

than the prior year.

The value of ACT housing



2018; up from 2.9% recorded

for the previous year.




the ACT. This was trending

13.4% higher for houses and

0.5% lower for apartment

approvals compared to a year

earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Canberra Houses 750,000 3.2 6.2 5,319 4.30 550 58

Canberra Apartments 415,500 -1.2 -2.1 3,905 5.80 450 86

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





10

Market Trends in Greater Hobart Over the year ending June 2018, capital


rising 4.2% over the past quarter to a

median value of $461,500. Apartment

values rose 22.6% over the year, and

rose 6.1% in the past quarter, to a

median of $370,000.


(down 9.4%) and 681 apartments (down

13.1%) in the year ending June 2018.






respectively.




than the week prior, with 0 from 2

scheduled auctions, and the same as the




5.10% for houses, but fell 60 bps to


quarter.





apartments.



Capital Growth, Greater Hobart % annual


Greater Hobart %

Population in Greater Hobart

was estimated at 226,900



growth of 1.1%. The



until 2036.


in Greater Hobart as at June




Tasmania was recorded at

$28,577 million in 2016/17;


The value of Tasmanian



June 2018, this was down from

13.6% recorded for the previous

year.



houses and 321 apartments in

Greater Hobart. This was


houses and 34.3% higher for


to a year earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Hobart Houses 461,500 4.2 15.9 3,934 5.10 410 53

Hobart Apartments 370,000 6.1 22.6 681 4.90 360 37

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





11





than the week prior, at 17.0% ( from 7

scheduled auctions) but lower than the



Gross rental yields were down 10 bps

to 5.00%, for houses, and up 30 bps to

6.20%, for apartments over the June

2018 quarter.

Rents decreased 3.8% for houses but

remained steady for apartments over the

year ending June 2018. Weekly med ian

rents stood at $500 for houses and $400

for apartments.



Capital Growth, Greater Darwin % annual


Greater Darwin %

Population in Greater Darwin

was estimated at 146,600



growth of 0.5%. The



until 2036.


in Greater Darwin as at June



Gross State Product in the

Northern Territory was recorded

at $25,427 million in 2016/17;


The value of Northern Territory



June 2018, improving from the

-12.2% recorded for the

previous year.


ending June 2018 totalled 473

houses and 52 apartments in

Greater Darwin. This was

trending 10.4% lower for

houses and 62.9% lower for


to a year earlier.


Greater Region Type

Median

Capital Value

($)

Capital

Growth

Last Quarter

(%)

Capital

Growth

Last Year

(%)

Sales

Volume

Last Year

(no.)

Gross

Rental Yield

(%)

Median

Weekly Rent

($)

Average

Days on

Market

(no.)

Darwin Houses 539,500 4.5 -11.8 677 5.00 500 137

Darwin Apartments 326,000 2.7 -17.2 453 6.20 400 262

Market Trends in Greater Darwin Over the year ending June 2018, capital

growth decreased 11.8% for houses;

although r ising 4.5% in the past quarter

to a median value of $539,500.

Apartment values fell 17.2% over the

year, but increased 2.7% in the past

quarter to a median of $326,000.

The volume of sales tallied 677 houses

(down 4.8%) and 453 apartments (down

21.6%) in the year ending June 2018.






days, respectively.

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8

HOUSES APARTMENTS

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Jun-1

5

Sep

-15

Dec-1

5

Mar-

16

Jun-1

6

Sep

-16

Dec-1

6

Mar-

17

Jun-1

7

Sep

-17

Dec-1

7

Mar-

18

Jun-1

8





Knight Frank Research Reports are available at KnightFrank.com.au/R esearch

RESIDENTIAL RESEARCH

Michelle Ciesielski

Director, Residential Research, Australia +61 2 9036 6659

[email protected] Ben Burston

Group Director, Research & Consulting +61 2 9036 6756

[email protected]

RESIDENTIAL

SALES, PROJECT MARKETING & PROPERTY MANAGEMENT

Sarah Harding

Head of Residential, Australia

+61 2 9036 6752 [email protected]

RESIDENTIAL SITE SALES

Paul Henley

Head of Commercial Sales, Australia +61 3 9604 4760 Paul.Hen [email protected]

Tim Holtsbaum

Director, Site Sales

+61 2 9036 6615 [email protected]

VALUATIONS & ADVISORY

RESIDENTIAL

Chris Hill

Head of Residential Valuations, Australia

+61 438 807 249 [email protected] MEDIA ENQUIRIES

Rebecca Sands

Director, PR & Communications,

Australia +61 2 9036 6833

[email protected]

Knight Frank Residential Research provides strategic advice, consultancy services and

forecasting to a wide range of clients worldwide including developers, investors,

funding organisations, corporate institutions and the pub lic sector. All our clients

recognise the need for expert independent advice customised to their specific needs.

Important Notice

© Knight Frank Australia Pty Ltd 2018 –

This report is published for general i nformation only and not to be relied upon in any way. Although high standards have

been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by

Knight Frank Australia Pty Ltd for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material

does not necessarily represent the view of Knight Frank Australia Pty Ltd in relation to particular properties or projects. Reproduction of this report in whole or in part is

not allowed without prior written approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.

Global Residential

Cities Index Q1 2018 Australian Prime

Residential Review

2018

Global House Price

Index Q1 2018

The Wealth Report

2018

Capital Growth, Key Regional Local Government Areas % annual, as at 30 June 2018

Global Liveability Index is compiled by The Economist Intelligence Unit based on 140 cities around the

world. The index is based on 30 factors spread across five areas: stability, infrastructure, education, health

care and environment. https://www.eiu.com/topic/liveability

Note: Unless stated, all references to dollars or $ refer to Australian dollars (AUD).

-20% -15% -10% -5% 0% 5% 10% 15% 20%

GLADSTONE, QLD (H)

TOOWOOMBA, QLD (A)

WAGGA WAGGA, NSW (A)

ROCKHAMPTON, QLD (A)

LAUNCESTON, TAS (A)

TOOWOOMBA, QLD (H)

ROCKHAMPTON, QLD (H)

TOWNSVILLE, QLD (H)

CAIRNS, QLD (H)

WAGGA WAGGA, NSW (H)

WOLLONGONG, NSW (A)

MACKAY, QLD (H)

WOLLONGONG, NSW (H)

SUNSHINE COAST REGIONAL, QLD (A)

SHELLHARBOUR, NSW (H)

CAIRNS, QLD (A)

NEWCASTLE, NSW (H)

SUNSHINE COAST REGIONAL, QLD (H)

LAKE MACQUARIE, NSW (A)

GREATER GEELONG, VIC (A)

LAKE MACQUARIE, NSW (H)

NEWCASTLE, NSW (A)

KIAMA, NSW (H)

LAUNCESTON, TAS (H)

GREATER GEELONG, VIC (H)

KIAMA, NSW (A)

MACKAY, QLD (A)

NOOSA, QLD (A)

(H) HOUSES

(A) APARTMENTS


http://www.knightfrank.com.au/Research

http://www.knightfrank.com.au/

http://www.knightfrank.com/blog


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