Copy
SQM Research Weekly Newsletter
View this email in your browser
Twitter
Facebook
LinkedIn
Website
Distressed Properties Report
Research Reports
Postcode Snapshot
Boom and Bust 2021 Report
Property Explorer
Funds Research

Distressed Property of the Week

1420/32 Hunter Street, Parramatta NSW 2150

The vendor is accepting offers from $499,000 as of 17 September on this 1-bedroom apartment, located in Parramatta. The property was last sold in September 2016 for $510,000 and the vendor is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale. 

According to Andrew Kazzi and Jack Han of Devine Real Estate Strathfield, the 77m² 1-bedroom apartment is located in the "V by Crown" building on level 14. The modern unit features high ceilings, while allowing for easy access to public transport and Parramatta Westfield. 

If you think it is a good deal, make sure you crunch the numbers first. In postcode 2150, the vacancy rate has decreased over the last 12 months to 4.2% in September 2021 from 6% in September 2021. Asking rents have decreased 2.1% over the last 12 months to 28 September. The gross rental yield on all units currently sits at 3.7%.

However, asking sales prices for all units have decreased over the year by 2.4%. You can view recent sales in 2150 here. Given these figures, it would pay to do more research, as you could possibly drive a harder bargain with the seller.

You can monitor this market and others with SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.

Auction Results

for week ending 26 September 2021

Full individual auction results can be found on our website:

Auction Listings*

for week ending 3 October 2021

CITY Saturday   Rest of Week STATE Saturday   Rest of Week   Link
Sydney 448   348 All NSW 536   465   Auctions in NSW
Melbourne 555   323 All VIC 630   350   Auctions in VIC
Brisbane 111   63 All QLD 186   216   Auctions in QLD
Perth 7   5 All WA 8   10   Auctions in WA
Adelaide 76   68 All SA 80   76   Auctions in SA
Canberra 57   56 All ACT 57   56   Auctions in ACT
Darwin 7   3 All NT 7   3   Auctions in NT
Hobart 0   0 All TAS 0   0   Auctions in TAS

* The above counts of auctions represent most recent known auction dates for the coming week.

Real Estate Realities

Kelly Clarkson Sells Custom-Built Encino Farmhouse for $8.24 Million

Kelly Clarkson has sold her custom built Encino, California home for US$8.24 million. The sale of the 10,108 square foot estate puts her at a loss of “the $8.5 million she paid for it in 2018”. The home was first listed for sale in May 2020 for US$9.995 million.

The Farmhouse styled mansion boasts eight bedrooms, nine bathrooms, two half bathrooms and exhibits a distinct wood paneled exterior. The space is made more appealing with a “home theater, game room, fitness center, and temperature controlled wine room.” Outdoors, the estate features a large lawn space, pool, spa, outdoor kitchen, lounge area and a two story guest house complete with two bedrooms and a kitchen.

Chris Corkum and Linda Brende of Compass listed the estate on behalf of Kelly Clarkson and the buyer was represented by Craig Knizek of The Agency. Clarkson recently sold her lakefront mansion in Tennessee and a few months ago purchased a new home in the San Fernando Valley enclave of Toluca Lake.

More ...

Black Dragon's Words for the Week


"In order to write about life first you must live it"

~ Ernest Hemingway

SQM Research Housing Indexes

SQM Research Weekly Asking Prices Index

 
Week ending
28 Sep 2021
Asking Price Chg on
prev wk
Rolling month
% chg
12 mth
% chg
Sydney All Houses 1,658.0 -6.1  5.0%  21.3% 
All Units 702.5 0.1  -1.6%  3.9% 
Melbourne All Houses 1,097.8 -0.8  0.9%  6.9% 
All Units 568.0 1.3  0.2%  0.7% 
Brisbane All Houses 734.8 1.3  1.9%  13.9% 
All Units 397.4 0.9  1.1%  5.8% 
Perth All Houses 699.0 2.1  0.8%  5.1% 
All Units 388.9 -0.1  0.1%  2.0% 
Adelaide All Houses 601.7 5.3  2.3%  14.5% 
All Units 323.2 1.0  -1.2%  4.4% 
Canberra All Houses 839.0 -13.4  0.5%  3.7% 
All Units 487.6 1.9  -0.8%  6.5% 
Darwin All Houses 622.7 -2.7  1.0%  8.9% 
All Units 366.5 0.8  -0.2%  6.4% 
Hobart All Houses 678.7 7.3  2.3%  18.4% 
All Units 438.1 3.3  2.3%  8.9% 
National All Houses 711.7 7.6  2.3%  19.1% 
All Units 438.8 4.6  1.4%  10.1% 
Cap City Average All Houses 1,121.0 -7.2  1.8%  13.9% 
All Units 581.3 1.0  -1.3%  3.2% 

Next update: 5 Oct 2021

SQM Research Weekly Rents Index

 
Week ending
28 Sep 2021
Rent Chg on
prev wk
Rolling month
% chg
12 mth
% chg
Sydney All Houses 702.5 -0.5  0.2%  13.5% 
All Units 465.0 0.0  -0.2%  2.1% 
Melbourne All Houses 523.3 2.7  0.8%  1.1% 
All Units 374.0 1.0  0.9%  -4.5% 
Brisbane All Houses 529.4 0.6  2.0%  13.9% 
All Units 395.3 -0.3  -0.1%  4.8% 
Perth All Houses 521.5 1.5  -0.9%  10.8% 
All Units 403.9 2.1  2.0%  12.1% 
Adelaide All Houses 454.8 1.2  0.8%  9.9% 
All Units 342.0 0.0  1.9%  8.8% 
Canberra All Houses 710.8 -1.8  -1.5%  14.3% 
All Units 512.6 -1.6  -0.5%  7.9% 
Darwin All Houses 603.8 1.2  -0.8%  12.8% 
All Units 468.5 4.5  1.4%  27.7% 
Hobart All Houses 479.7 3.3  1.4%  6.3% 
All Units 422.0 -7.0  -2.5%  12.4% 
National All Houses 536.0 6.0  1.5%  15.5% 
All Units 408.0 2.0  2.5%  9.4% 
Cap City Average All Houses 581.0 2.0  0.5%  9.8% 
All Units 423.0 1.0  0.5%  2.4% 

Next update: 4 Oct 2021

SQM Ratings Newsletter ☆☆☆☆☆


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!

Twitter
Facebook
LinkedIn
Website
Copyright © 2021 SQM Research, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.