206, 2024

May 2024 Round Up

June 2nd, 2024|

     May Market Update The May market update represents the end of the spring market and while there have been strong overall results across Australia’s regions with the national media price up 0.3% for the month, the Illawarra really is a tale of two cities. While places like more

205, 2024

April 2024 Round Up

May 2nd, 2024|

  This month's market update New data by research company CoreLogic showed that the Home Value Index rose by 0.6% in April, continuing a fifteen-month streak of positive returns for the Australian property market. Overall, housing has put on 11.1% since January 2023. The median house dwelling now stands more

404, 2024

March 2024 Round Up

April 4th, 2024|

  This month's market update CoreLogic’s Home Values Index (HVI) rose for the 14th straight month in March, adding 0.6% to the national median house price. But the gains have been felt unevenly across the country. While Perth put on a strong showing by rising a bumper 1.9% over more

403, 2024

February 2024 Round Up

March 4th, 2024|

  This month's market update House prices continued what appears to be their relentless creep north after 0.6% was added to the median dwelling price in February, according to CoreLogic data. That puts the median value at $1.4 million in Sydney. In the strongest monthly gain since October last more

502, 2024

January 2024 Round Up

February 5th, 2024|

  This month's market update Real estate prices continued their upward march with CoreLogic’s national house price index rising 0.4% across the nation for the first month of the new year. The market also put on another record with the difference in the price between a house and a more

3011, 2023

November 2023 Round Up

November 30th, 2023|

  This month's market update The Australian property market continued its thumping return in November, with house prices back at record highs, even though the Sydney market retreated a little. CoreLogic data in late November showed that the broad market had recovered the 7.5% losses from the dip in more

111, 2023

October 2023 Round Up

November 1st, 2023|

  This month's market update Well, well, well. Despite rising interest rates, global uncertainty and stubborn inflation, the market rose 0.9% across the board in October, putting on 7.6% nationally since January, and over 10% in Sydney. According to newly released CoreLogic data, that puts us about 0.5% away more

409, 2023

August 2023 Round Up

September 4th, 2023|

August Market Update. The housing market continued its upward trend in August, recording a 0.8% rise in national house prices for the month. That brings house prices into “firmly entrenched” recovery territory with a 4.9% increase since prices hit their floor back in February, according to the latest data more

108, 2023

July 2023 Round Up

August 1st, 2023|

July Market Update.   Although property prices posted a small gain in July, growth continued to slow for the second month as the heat comes out of a property market that has everyone scratching their heads. CoreLogic’s National Housing Index ticked up 0.7 per cent for the month of more

307, 2023

June 2023 Round Up

July 3rd, 2023|

June Market Update. Illawarra house prices enjoyed their fourth straight month of price rises after a 0.1% lift in June, bringing the median regional house price to $966,439. Units fared marginally better with a 0.4% rise bringing the median value to $681,968. CoreLogic’s head of research Tim Lawless warned more

506, 2023

May 2023 Round Up

June 5th, 2023|

May Market Update. The real estate market surged 1.2% nationally in the month of May, fuelled by low supply, higher levels of demand and, according to Tim Lawless, head of research at CoreLogic, the return of FOMO to the market (Fear of Missing Out). With listings down -15.2% from more

305, 2023

April 2023 Round Up

May 3rd, 2023|

April Market Update Illawarra house prices enjoyed a second straight month of positive returns in April with a 0.7% bump, recovering some of the 13% fall of the last 12 months. Units, however, continued a slight decline – down 0.7%. That brings the median Illawarra property price to $880,958 more

1104, 2023

March 2023 Round Up

April 11th, 2023|

  Market Update Data for the month of March surprised on the upside with a 0.2% increase in the median property prices for the Illawarra. That was followed up a few days later by the Reserve Bank’s decision to hold rates as it has a look-see to the latest more

103, 2023

February 2023 Round Up

March 1st, 2023|

Market Update Despite real estate dominating the news headlines for all the wrong reasons in the last month of summer, some of Australia’s capital cities enjoyed, wait for it … a slight bump in prices. But don’t pop the bubbly just yet. Tim Lawless, head of CoreLogic, said that more

602, 2023

January 2023 Roundup

February 6th, 2023|

  Market Update. House prices across Australia continued their decline in January according to CoreLogic RP data, with a 1% drop nationally, but the result shows that the pace of the falls are slowing with the top of the market holding up well. Tim Bartlett, Principal of Bartlett and more

512, 2022

November 2022 Roundup

December 5th, 2022|

Market Update. Nationally home values have shed another 1%, down for the seventh straight month although the decline has slowed markedly from previous months. Tim Lawless from CoreLogic says that the slowing rate of decline is due to a few factors. “Potentially we are seeing the initial uncertainty around more

211, 2022

October 2022 Roundup

November 2nd, 2022|

Market Update. CoreLogic has characterised falls in the property market as an ‘orderly descent from Covid-highs’ in its latest price update for October. Across the nation prices eased 1.2%, slowing the fall of 1.4% in September and 1.6% in August. CoreLogic’s Head of Research Tim Lawless is cautious about more

410, 2022

September 2022 Roundup

October 4th, 2022|

Market Update. Despite rising interest rates, September’s Core Logic RP data saw a slowing down in the decline of prices across the country to -1.4%. Tim Lawless from Core Logic says that most home buyers have ‘priced-in’ interest rate rises, but he warns that all eyes are on the more

109, 2022

August 2022 Roundup

September 1st, 2022|

Market Update. As expected, the monthly Core Logic housing index showed that prices continued to decline in August, with a 1.6% drop across the nation. It was the biggest monthly fall since 1983, reflecting the rise in interest rates, cost of living pressures and tighter bank lending standards. While more

808, 2022

July 2022 Roundup

August 8th, 2022|

Market Update. It’s incredible to think that it only took 7 years for the median Illawarra real estate price to double. If you bought a piece of real estate in the Illawarra in 2015, today that property would be worth twice as much. While house prices having still been rising, more

2007, 2022

Should I sell in a buyer’s market?

July 20th, 2022|

One day you are a seller, the next day a buyer. We sat down with Wollongong real estate agent, Tim Bartlett to talk about the state of the market in the Illawarra – and what vendors should know about ‘relative pricing.’   It’s a fact of life that real estate markets more

507, 2022

June 2022 Roundup

July 5th, 2022|

Market Update. After skyrocketing prices the rate of growth is now easing across Australia. The national market has moved into a rebalancing phase, predominately driven by rising interest rates. FOMO (fear of missing out) drove buyers to make quick and competitive purchases last year. With rising interest rates and more

3105, 2022

May 2022 Roundup

May 31st, 2022|

Market Update Wollongong has welcomed a total growth of 32.6% over the last 12 months. In Wollongong, the median house sale price is now $1,065,000 and the median sale price for a unit $675,000.  But it’s no secret that the national housing market has begun to slow. Due to more

3005, 2022

Storm clouds or silver linings?

May 30th, 2022|

With a record real estate run coming to an end, a potted history of housing shows a breather may not all be bad news.   Let’s start by going back three decades.   When Bartlett and Co. Property principal Tim Bartlett started in real estate in January 1990 the more