House price increase from trough ... so far

Discussion in 'Property Market Economics' started by wombat777, 1st Aug, 2019.

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  1. sash

    sash Well-Known Member

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    Yep spot on...that is what people don't realize.

    A 400sqm block which is dead flat in premuim location can be worth more than a slopy 600sqm block in the same location...assuming they can't develop any further on the 600sqm...even if one could it might not go for much more.

    I see a lot of amateurs chasing development blocks when they could buy a 400sqm lot with crappy house bowl it over and put a new one on it! And it will be worth more...
     
    sash, 24th Dec, 2019
    #161
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  2. Triton

    Triton Well-Known Member

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    Thanks, yes as I suspected it's very tricky, so I'm not sure how people use it to determine value. Would only apply if you are comparing same shape blocks on the same streets. You would also need to have a very good understanding of local development rules.
     
    Triton, 25th Dec, 2019
    #162
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  3. wombat777

    wombat777 Well-Known Member

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    Update of chart and summary table. Data is sourced from core logic but chart has been rebased to the election date.

    Looks like Sydney and Melbourne will both close the year up 5.44% Year on Year. A stunning turn around.

    Brisbane +0.69% YoY
    Adelaide -0.22% YoY
    Perth -6.45% YoY

    All markets trending upwards over last 28 days ( by 0.42% to 1.64% ).

    Screen Shot 2019-12-27 at 12.35.35 pm.png

    Screen Shot 2019-12-27 at 12.31.24 pm.png
     
    wombat777, 27th Dec, 2019
    #163
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  4. wombat777

    wombat777 Well-Known Member

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    Update of chart and summary table. Data is sourced from core logic but chart has been rebased to the election date.

    Sydney finished the year up 5.34% YoY, Melbourne 5.31% YoY and Brisbane 0.62%. Adelaide almost recovered the losses in 2019.


    Screen Shot 2019-12-31 at 11.29.39 am.png


    Screen Shot 2019-12-31 at 11.30.06 am.png
     
    wombat777, 31st Dec, 2019
    #164
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  5. God_of_money

    God_of_money Well-Known Member

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    @wombat777 Love to see direct comparison 2010 data - sydney/melbourne vs logan 4114 :)
     
    God_of_money, 31st Dec, 2019
    #165
  6. wombat777

    wombat777 Well-Known Member

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    Just don't have the data for that.
     
    wombat777, 31st Dec, 2019
    #166
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  7. Bombers86

    Bombers86 Well-Known Member

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    Just a query to see if we will get 2020 updates of the Core Logic info? The information was a great insight. Understand though if you can't be bothered continuing on!
     
    Bombers86, 12th Jan, 2020
    #167
  8. wombat777

    wombat777 Well-Known Member

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    Thanks, at this point I don't think I will bother. There is plenty of reporting and commentary from various media sources.

    It was however a useful exercise in tracking the recovery from a slump. I'm pleased that the analysis was perhaps helpful.
     
    wombat777, 12th Jan, 2020
    #168
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  9. Realist35

    Realist35 Well-Known Member

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    Hey guys, what's everyone assumption average house price growth for Melbourne and Brisbane over the next 10 years? I think 7% for Melbourne and 6% for Brisbane.

    Please tune your crystal ball before answering :)
     
    Realist35, 12th Jan, 2020
    #169
  10. Angel

    Angel Well-Known Member

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    Next ten years! Are you dreamin'?
     
    Angel, 12th Jan, 2020
    #170
  11. Realist35

    Realist35 Well-Known Member

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    ??
     
    Realist35, 12th Jan, 2020
    #171
  12. Omnidragon

    Omnidragon Well-Known Member

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    Depends where. Sold a inner city terrace for $900k end of 2015. Just got sold $890k two months ago
     
    Omnidragon, 13th Jan, 2020
    #172
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  13. petewargent

    petewargent Buyer's Agent

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    Post-election price change (CoreLogic)

    Sydney +10.90%
    Melbourne +10.58%
    Brisbane & Gold Coast +2.52%
    Adelaide +0.70%
    Perth -3.51%
    5 Capital City Average +7.60%

    upload_2020-1-14_6-40-50.png
     
    petewargent, 14th Jan, 2020
    #173
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  14. petewargent

    petewargent Buyer's Agent

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    Prices +0.9pc in Jan-2020
    Sydney +1.12pc
    Melbourne +1.18pc
    Brisbane & Gold Coast +0.62pc
    Adelaide +0.25pc
    Perth +0.12pc

    upload_2020-2-2_8-1-22.png
     
    petewargent, 2nd Feb, 2020
    #174
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  15. Realist35

    Realist35 Well-Known Member

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    Any clue on how Brisbane growth compared to that of GC?
     
    Realist35, 2nd Feb, 2020
    #175
  16. petewargent

    petewargent Buyer's Agent

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    CoreLogic will report the split tomorrow morning
     
    petewargent, 2nd Feb, 2020
    #176
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  17. Bombers86

    Bombers86 Well-Known Member

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    Thanks @petewargent I find this info very informative.
     
    Bombers86, 12th Feb, 2020
    #177
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  18. mickyyyy

    mickyyyy Well-Known Member

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    @wombat777 Any update on charts?

    Good to chat to you at the last meet at wenties :)
     
    mickyyyy, 14th Feb, 2020
    #178
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  19. petewargent

    petewargent Buyer's Agent

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    More of the same really...

    Since election:

    Sydney +12.4pc
    Melbourne +12.0pc
    Brisbane +3.2pc
    Adelaide +0.9c
    Perth -3.3pc

    Sydney & Melbourne both +0.7pc in the first two weeks of Feb-20, and Brisbane +0.3pc:

    upload_2020-2-14_19-12-11.png
     
    petewargent, 14th Feb, 2020
    #179
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  20. Scaphella

    Scaphella Well-Known Member

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    FFS Perth o_O
     
    Scaphella, 14th Feb, 2020
    #180
    petewargent likes this.
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