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SQM Research Newsletter - Tuesday 11 June 2019
Property Valuations
Research Reports
Distressed Properties Report
Funds Research
Boom and Bust 2019 Report

Black Dragon's
Words for the Week

"I have no special talent. I am only passionately curious."

Albert Einstein

Real Estate Realities 

People in the US use car parking spaces for offices

People in the US are occupying parking spaces to show alternative ways of using them.

People have been posting images of themselves using the hashtag #WePark showing themselves working in car parking spaces in San Francisco.

The group pays for the space and creates makeshift offices, using Wi-Fi from free internet zones or by using their mobile phones as hotspots.

The movement has since spread further afield to France.

WePark was started by Victor Pontis after he set up a desk in a parking space last week.

The entrepreneur told the BBC that the idea for WePark came from Twitter.

"Somebody posted a photo of a truck that someone set up with bike parking on it and somebody mentioned 'What if you could work out of a parking spot?' I thought it was a pretty funny idea and I decided to do it last Thursday," he said.

After his successful test, he decided to invite others to join him at a spot near San Francisco's City Hall. Around 30 people turned up throughout the day.

He said: "I think it's saying that we have prime real estate in our city and some of the nicest areas with the most sun and really close to transit or close to a park or close to a lot of shops and right now we're using that for street parking and charging either $3 or $2 an hour and there are a lot of other uses for that.



99A Railway Terrace, Ascot Park SA 5043

This 3-bedroom, 1-bathroom, townhouse with courtyard, was built in 2003 and was initially offered at $405,000 to $425,000 in February 2019.  Its asking price is now reduced to $379,000 to $399,000.  Not a bad price given that the current Asking Price for all houses in post code 5043 is approx. $475,000 to $482,000.  Over the last 12 months, house asking prices have decreased by 0.2% in this postcode however, over the last month there has been a minor but promising 0.1% increase. 

Sitting on a 238 sqm block of land, with a floor area of 112 sqm, this townhouse offers 3 spacious bedrooms, lounge area with a 9ft (2.74m) coffered ceiling, separate laundry, additional separate toilet, a low maintenance courtyard and reverse cycle ducted air-conditioning and an 8 panel solar system.

The home is located close to Ascot Park train station, quality schools, Castle Plaza and Marion Shopping Centres, Adelaide CBD and local beaches.  It is a low maintenance home in a group of three and on a quiet, family friendly street.  It would suit first home buyers, down-sizers and investors alike.

This is a high demand suburb where the Vacancy Rate is a very low 0.5%.  You can achieve rents of $400 - $411 per week in this postcode for houses.  Over the last month, rents have increased 3.7% for 3 bedroom houses in this area and units have increased 7.9%.  Gross Rental Yield is 4.44% for houses and 5.46% for units.

Currently Adelaide’s housing market is one of the most stable in the country and as at 28 May 2019, Adelaide was the only capital city to record increases over the month in both houses and units at 0.2% and 0.4% respectively.

Keep monitoring this market and other areas by accessing free property data at SQM’s website. Also consider the Property Valuation product for more in-depth data and property price estimator.


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.

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SQM Research Weekly Asking Prices Index
Week ending: 11 Jun 2019 Asking Price Chg on
prev wk
Rolling month
% chg
12 month
% chg
Sydney All Houses 1,226.7 3.1  0.5%  -10.3% 
All Units 685.0 1.3  0.4%  -5.5% 
Melbourne All Houses 936.6 4.8  0.1%  -6.7% 
All Units 541.0 -0.1  -0.1%  -0.2% 
Brisbane All Houses 617.9 0.5  -0.1%  0.8% 
All Units 371.9 0.3  -0.1%  -2.6% 
Perth All Houses 653.4 -1.8  -1.5%  -4.3% 
All Units 384.7 0.7  0.2%  -3.5% 
Adelaide All Houses 512.6 -0.6  0.0%  0.0% 
All Units 301.7 0.3  0.4%  -0.2% 
Canberra All Houses 809.8 -0.4  0.8%  1.7% 
All Units 430.9 0.8  1.4%  4.7% 
Darwin All Houses 591.4 -0.5  0.4%  -0.0% 
All Units 355.9 -0.4  -0.5%  -5.6% 
Hobart All Houses 520.7 3.3  1.4%  9.2% 
All Units 304.1 1.9  -1.0%  -0.7% 
National All Houses 566.9 -0.2  0.2%  -0.9% 
All Units 373.1 -1.4  -0.1%  0.3% 
Cap City Average All Houses 908.7 3.7  0.8%  -7.0% 
All Units 560.2 0.9  0.5%  -3.3% 
Next update: 18 Jun 2019
SQM Research Weekly Rents Index
Week ending: 4 Jun 2019        Rent        Chg on
    prev week
  Rolling month
% chg
   12 month
% chg
Sydney All Houses      691.4 0.6  0.3%  -3.8% 
All Units 503.5 -0.5  -0.4%  -3.8% 
Melbourne All Houses 540.0 -0.0  -0.7%  1.8% 
All Units 423.9 0.1  0.7%  3.2% 
Brisbane All Houses 459.4 0.6  0.3%  2.4% 
All Units 371.1 -0.1  -0.3%  0.5% 
Perth All Houses 450.7 1.3  0.8%  7.4% 
All Units 336.4 -0.4  -0.0%  3.5% 
Adelaide All Houses 394.1 0.9  0.5%  3.7% 
All Units 306.0 2.0  1.1%  2.1% 
Canberra All Houses 618.4 -4.4  -1.9%  -1.8% 
All Units 459.2 -1.2  0.5%  1.6% 
Darwin All Houses 504.3 7.7  1.0%  -4.7% 
All Units 371.8 -0.8  -0.6%  -7.9% 
Hobart All Houses 429.2 2.8  1.1%  8.7% 
All Units 381.2 -8.2  5.1%  8.7% 
National All Houses 440.0 1.0  -0.2%  0.9% 
All Units 373.0 5.0  1.6%  3.9% 
Cap City Average All Houses 555.0 2.0  0.4%  0.4% 
All Units 441.0 0.0 0.2%  -0.7% 

Next update: 12 Jun 2019

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