SQM Research Weekly Newsletter
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SQM Research Residential Newsletter - 
Tuesday 24 November 2020
Property Explorer
Research Reports
Distressed Properties Report
Funds Research
Boom and Bust 2021 Report
Black Dragon's
Words for the Week

“Humor is almost always anger with its make-up on.” 

Stephen King

Real Estate Realities 

HILDA report shows home ownership sliding, incomes falling and inequality rising

Australian households are stuck in a debt spiral with their debt rising faster than their asset base, according to a new report.

And the possibility of home ownership is slipping from the grasp of more people as property prices rise faster than incomes.

The latest Household, Income and Labour Dynamics in Australia (
HILDA) report produced by the University of Melbourne’s Melbourne Institute, found that average household debt rose by 104% between 2002 and 2018 to reach $213,496, while household assets rose 64% to reach $1.37 million.

The rise in debt over the period is largely attributed to property – the percentage of people with a home loan rose from 33.8 to 36.3 over the  survey’s 16 years.

Investment property debt was carried by 7.7% of households in 2002, but this had risen to 11% by 2018.

Despite the rise in the numbers of people with mortgages, the rate of home ownership actually fell.

In 2002, 68.1% of people owned a home.

But by 2018 this had fallen to 63.9%, while the proportion of individuals 18 and over fell 4.9 percentage points to 51.9%.

Home ownership has declined through the generations. In the early 1970s, 27% of 25- to 28-year-olds owned a house. The figure was only 16% in 2018.

There has also been an increase in households with mortgages higher than home values: 2.8% in 2018 compared to 1.3% in 2002.


HOUSING BOOM & BUST REPORT - out early December

Want to know the outlook for the Australian property markets in 2021?

Well Louis Christopher's 2021 Housing Boom & Bust Report is due for release by 9 December or earlier.

As the nation works its way out of the worldwide pandemic and out of Australia’s first recession in 30 years, forecasting the property market will be difficult but the Housing Boom and Bust report will provide an accurate, impartial and detailed guide to the Australian property market in 2021.  

Key features of the 2021 Boom & Bust report will 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
  • Nearly every city and regional postcode covered re: property stats plus ratings outlook

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. 

If you’re a real estate professional, financial planner or a regular mum and dad residential property investor, you will not want to miss this report, still only priced at $59.95.

AUCTION RESULTS for week ending 22 November 2020

Full individual auction results can be found on our website: 

AUCTION LISTINGS* for week ending 29 November 2020



Rest of Week




Rest of Week


Sydney 813 159   All NSW 964 238 Auctions in NSW
Melbourne^ 796 164   All VIC 848 178 Auctions in VIC 
Brisbane 71 51   All QLD 125 120 Auctions in QLD 
Perth 5 7   All WA 14 14 Auctions in WA 
Adelaide 78 56   All SA 80 59 Auctions in SA 
Canberra 75 26   All ACT 75 26 Auctions in ACT 
Darwin 1 5   All NT 1 5 Auctions in NT 
Hobart 1 0   All TAS 3 1 Auctions in TAS

* The above counts of auctions represent most recent known auction dates for the coming week.  ^As at 18-Oct-20, Melbourne outdoor auctions will be allowed (max. 10 people).


123 / 361 Kent Street, Sydney NSW 2000
Unit 123, a 2-bedroom apartment in the Trafalgar Apartments building in Sydney’s CBD, is for sale for the first time in 18 years when it last sold for $555,000.  It is currently advertised with a price guide of $920,000 - $945,000, after it was passed-in at auction in early October 2020.
With 92 sqm on Title, the apartment comprises spacious open plan living/dining area opening to a west-facing balcony; master bedroom with its own balcony and ensuite; modern main bathroom; kitchen with quality appliances; an internal laundry, plus car space.
The interior is elegant with contemporary finishes and the balcony offers stunning views of Darling Harbour.  The building also offers resort style recreational and fitness facilities including 20m heated pool, gym, sauna and spa.
Its ideal mid-city location in Sydney’s CBD is easy walking distance to Darling Harbour, Cockle Bay Wharf, Barangaroo, George St, Pitt St Mall, The Queen Victoria Building, restaurants, cafes, entertainment, boutique shopping and parklands.  It is also an easy walk to both Wynyard Train Station, Town Hall Station and Light Rail on George Street.
The apartment has been well-maintained and presents a turn-key solution for occupiers and investors alike. 
Apartments in this postcode have a current price range from $976k to $1.2m.  Over the last month,
asking prices for apartments have had a decrease of 0.9% after a 16.6% decline over 12 months.  12 months ago, this unit would have been selling for $1.1m to $1.3m.
This area has a high percentage of renters (68.57%
ABS 2016 Censusand in May the vacancy rate had peaked at 16.2% but has since declined to 11.7% in October 2020. Pre-Covid, its November 2019 vacancy rate was 4.6%.  Total rental listings reached 1,253 in May 2020, now 828 properties have been listed for rent in November.
Nevertheless, the decline in
asking rents continues. After a 27.2% decline over 12 months, the decline is now 2.3% over the month of November for units.  Unit asking rents can range from $590 to $700 per week and an implied gross rental yield of 3.1% for units can be achieved.
With Covid-19 now seemingly under control, Sydney’s CBD is starting to see a return of tenants in the past few months and 
ABS data shows employment slowly increasing in NSW.  The area however, is still impacted by the drop-off in international travellers and students. 
Previously, this area presented good investment opportunities for investors however, in the current climate, this apartment would be better suited to owner-occupiers seeking a lifestyle of convenience and the excitement of city life. 

You can monitor this market with SQM Research’s free property data. Also consider the SQM Property Explorer 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.

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: 24 Nov 2020   Asking Price     Chg on
prev wk
  Rolling month
% chg
  12 month
% chg
Sydney  All Houses 1,373.8 13.3  2.2%  5.1% 
All Units 671.0 -0.8  -0.4%  -5.3% 
Melbourne  All Houses 1,023.1 -2.1  -0.9%  5.2% 
All Units 577.7 1.7  1.7%  4.2% 
Brisbane  All Houses 653.4 -0.8  -0.4%  3.3% 
All Units 379.8 -0.1  0.7%  2.0% 
Perth  All Houses 671.0 -1.0  -0.6%  2.7% 
All Units 380.1 0.3  -0.2%  -0.3% 
Adelaide  All Houses 534.2 1.3  1.7%  2.9% 
All Units 315.7 0.9  1.5%  4.3% 
Canberra  All Houses 813.9 3.9  0.8%  -0.1% 
All Units 471.4 -1.2  0.6%  8.5% 
Darwin  All Houses 591.8 9.0  1.3%  2.6% 
All Units 355.2 2.3  2.0%  13.0% 
Hobart  All Houses 578.1 -0.1  -1.2%  7.6% 
All Units 393.9 0.8  -2.6%  19.5% 
National  All Houses 633.2 0.8  4.0%  7.9% 
All Units 408.8 0.4  3.3%  6.3% 
Cap City Average   All Houses 992.0 6.2  0.6%  4.3% 
All Units 565.7 0.4  0.3%  -1.8% 

Next update: 1 Dec 2020 

SQM Research Weekly Rents Index
Week ending: 20 Nov 2020     Rent     Chg on
prev week
  Rolling month
% chg
    12 month
% chg
Sydney  All Houses    636.9 4.1  4.2%  -6.9% 
All Units 448.2 -1.2  -0.7%  -9.6% 
Melbourne  All Houses 513.1 -0.1  -0.3%  -3.4% 
All Units 386.5 -1.5  -0.5%  -5.4% 
Brisbane  All Houses 466.7 -0.7  -0.4%  0.7% 
All Units 377.1 -0.1  0.0%  0.1% 
Perth  All Houses 483.9 5.1  1.9%  10.2% 
All Units 364.1 1.9  0.0%  8.9% 
Adelaide  All Houses 419.4 0.6  0.6%  4.9% 
All Units 311.4 2.6  -1.2%  -0.2% 
Canberra  All Houses 633.4 -0.4  1.5%  -1.8% 
All Units 479.8 0.2  -0.1%  2.4% 
Darwin  All Houses 561.3 12.7  4.6%  11.9% 
All Units 379.5 0.5  1.9%  0.5% 
Hobart  All Houses 440.1 6.9  -1.9%  -0.1% 
All Units 392.2 3.8  3.3%  -6.0% 
National  All Houses 486.0 1.0  3.8%  8.7% 
All Units 382.0 1.0  2.7%  4.4% 
Cap City Average   All Houses 539.0 1.0  2.1%  -2.2% 
All Units 409.0 0.0 -0.5%  -5.8% 

Next update: 28 Nov 2020

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