SQM Research Weekly Newsletter
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SQM Research Residential Newsletter 
Tuesday 10 March 2020
Property Explorer
Research Reports
Distressed Properties Report
Funds Research
Boom and Bust 2020 Report

Black Dragon's
Words for the Week

“Slow down and think. Panic doesn’t solve problems; it just creates new ones.”  

Jason Fry, The Last Jedi

Real Estate Realities 

Free toilet paper used to lure buyers out on quiet Melbourne long weekend

Sellers have made light of the coronavirus-induced panic shopping that has gripped the country by offering free toilet paper for the opening bidders at two auctions in Melbourne this weekend.

The owners of 23 Wingrove Street, Cheltenham, who sold with Ray White Cheltenham, offered a 24-pack of 3-ply Kleenex, with a young couple making the first bid from four registered bidders.

But a developer was the eventual buyer, after a winning offer of $950,500 – $120,500 above the reserve.

Selling agent Kevin Chokshi said the developers may look to build townhouses on the block.

The idea for the toilet paper giveaway came from a colleague, he said.

“You have to just think in the moment,” Mr Chokshi told Domain.

At 21 Ajax Drive, Wheelers Hill, sold through Ray White Glen Waverley, the vendor offered up a six-pack of gold-labelled toilet paper to the opening bidder from the five who had registered.

  Upcoming Auctions Listings
The SQM Research website is now providing listings of upcoming residential property auctions in all states.

Properties for sale by auction are listed by suburb with auction date and times and also have a link to websites to view the listing details.  The list below represents the most recent known auction dates for the coming week.

Note: The auctions listed are preliminary and current at the time of publication.  This list may well change during the week based on new listings or some properties may have sold prior, or are withdrawn or have been rescheduled.  Please check the listing ad to ensure auction times have not changed.



813 / 70 River Road, Ermington NSW 2115

Located approximately 19km north-west of Sydney’s CBD, is this near new 2-bedroom, 2 bathroom apartment in River Road, Ermington.  Selling for a price guide of $610,000, the apartment has been on sale since February 2020 where it went to auction with a price guide of $600,000.

Completed in 2016, this 91 sqm (approx.) apartment is within the urban water front community known as the Royal Shores which offers resort style living.  Perched on the water’s edge of the Parramatta River, it offers easy access to the river boardwalk, cycle way and parks, Rydalmere ferry wharf, West Ryde train station and local bus routes.  The complex is also close to Rhodes Shopping Centre, Sydney Olympic Park, Homebush DFO, local restaurants and a selection of schools. 
The apartment has a bright, open plan living and dining area with engineered timber tiles, a kitchen with Caesar Stone bench tops and SMEG stainless steel appliances, 2 spacious bedrooms with built-in robes, 2 bathrooms, an open balcony, reverse cycle air conditioning, video intercom security system and a secure car space with a lock-up storage cage.  Strata levies are approximately $850 per quarter.
SQM data shows current
asking price for apartments in postcode 2115 range from $700k to $740k and has been increasing with a 5.7% rise over 12 months and a 1.6% increase over the month.  With an asking price guide of $610,000, this apartment could be a good bargain and a good entry point for first home buyers or savvy investors. 
The lower asking price for this 70 River Rd, apartment could indicate there is still an oversupply of apartments in this area.  In 2018, Ermington, along with neighbouring Ryde, Harris Park, Homebush and Carlingford, was named one of
17 Sydney suburbs declared ‘danger’ markets for buying property due to high supply of new apartment projects in the area.  But with decreasing apartment completions in 2019 and continuing population growth, there could be an undersupply looming.
In the past, this suburb had its fair share of public housing and with it comes some social issues, but the suburb has gone through a transformative phase over the past few years and now has more families and young professional couples moving into the area leading to an increase in rental demand and asking rents.

Weekly rents in the area have increased by 8.6% over the last month after a 4.6% decline over 12 months.  In comparison, the Sydney region rents for apartments have declined 0.2% over the month and a 1.3% decline over 12 months.
Investors can expect rents of approx. $530 to $535 per week for postcode 2115.  A
gross rental yield of 3.7% can be achieved for apartments in this area. The vacancy rate in this area is currently 2.3%.

For a more indepth look at the property market for 2020, subscribe to Christopher’s Boom and Bust Report 2020.

SQM website also features free property data that is now more interactive, easier to navigate and user-friendly, so keep monitoring this market’s growth at SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.

Louis Christopher's 2020 Housing Boom & Bust Report has now been released and is available for $59.95!

The Housing Boom and Bust report is accurate, impartial and detailed. Best of all it is priced so that EVERYONE from real estate agents, financial planners to regular mums and dads can access it at just $59.95. 

Key features of the 2020 Boom & Bust report include:

  • Louis Christopher's personal take on the markets 
  • Capital city forecasts 
  • Main drivers of demand and supply at present and going forward 
  • All leading indicators such as stock on market, vacancy rates etc
  • All the possible scenarios that could play out next year 
  • Nearly every city and regional postcode covered re: property stats plus ratings outlook

If you are a real estate professional or a serious residential property investor, you will not want to miss this report!

If you are interested in where the market is heading on a national level, then this is the report for you from one of the most
accurate housing market forecaster in the country. 

Click here to purchase now!


Did you know that SQM Research doesn’t only provide residential property data, we also provide research on all asset classes.  We have data and analytics on over 10,000 funds in Australia.  To find out more and to subscribe to our Fund Data tool click here.

If you would like to subscribe to our Ratings Newsletter, click here.  The newsletter provides regular updates on all funds including ratings changes and media releases, and valuable Insights into the point of view of our analysts on a variety of ratings research related topics.  And it’s completely free!

SQM Research Weekly Asking Prices Index
Week ending: 10 Mar 2020 Asking Price   Chg on
prev wk
  Rolling month
% chg
  12 month
% chg
Sydney  All Houses   1,372.1 5.8  1.2%  11.1% 
All Units 703.5 -1.8  -1.1%  0.2% 
Melbourne  All Houses 1,026.6 8.3  1.3%  9.0% 
All Units 557.3 0.7  0.8%  1.0% 
Brisbane  All Houses 655.1 3.8  1.9%  6.2% 
All Units 372.4 -1.2  -0.1%  -0.9% 
Perth  All Houses 651.9 3.0  0.4%  -1.7% 
All Units 374.9 1.5  0.1%  -3.0% 
Adelaide  All Houses 522.8 -2.0  -0.3%  1.2% 
All Units 303.5 -0.8  0.1%  0.6% 
Canberra  All Houses 815.6 -2.1  -0.2%  -0.2% 
All Units 444.2 -5.2  0.8%  5.8% 
Darwin  All Houses 566.6 2.0  -0.4%  -2.9% 
All Units 320.1 1.1  2.0%  -20.1% 
Hobart  All Houses 569.7 8.0  2.7%  13.1% 
All Units 371.5 -4.1  4.7%  13.5% 
National  All Houses 594.5 -0.1  0.9%  4.8% 
All Units 386.3 -3.5  -0.6%  3.0% 
Cap City Average  All Houses 990.4 6.4  1.7%  8.8% 
All Units 571.3 -2.4  -0.0%  0.2% 

Next update: 17 Mar 2020

SQM Research Weekly Rents Index
Week ending: 4 Mar 2020     Rent      Chg on
prev wk
  Rolling month
% chg
  12 month
% chg
Sydney  All Houses    703.1 -4.1  -0.1%  -0.5% 
All Units 500.9 -0.9  -0.2%  -1.3% 
Melbourne  All Houses 553.6 0.4  0.9%  1.7% 
All Units 423.2 -1.2  0.5%  1.0% 
Brisbane  All Houses 470.8 -0.8  -0.2%  2.8% 
All Units 378.3 -0.3  0.1%  2.0% 
Perth  All Houses 447.7 1.3  0.1%  1.7% 
All Units 341.3 3.7  1.1%  2.9% 
Adelaide  All Houses 405.8 0.2  0.0%  3.1% 
All Units 307.4 -0.4  -1.4%  1.8% 
Canberra  All Houses 630.9 -5.9  -0.5%  -1.7% 
All Units 464.7 -0.7  0.2%  2.1% 
Darwin  All Houses 456.3 3.7  -0.5%  -7.0% 
All Units 364.4 -4.4  -3.0%  -3.7% 
Hobart  All Houses 450.6 -1.6  0.4%  4.5% 
All Units 405.8 -3.8  -4.8%  10.7% 
National  All Houses 449.0 0.0 -0.7%  0.9% 
All Units 370.0 1.0  -0.5%  2.8% 
Cap City Average  All Houses 563.0 -3.0  -0.7%  0.9% 
All Units 440.0 -1.0  -0.5%  -0.2% 

Next update: 12 Mar 2020

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