SQM Research Weekly Newsletter
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Distressed Properties Report
Research Reports
Postcode Snapshot
Boom and Bust 2021 Report
Property Explorer
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Distressed Property of the Week

6/537 Liverpool Road Strathfield NSW 2135

The vendor is now accepting offers from $575,000 on this 2-bedroom apartment, located in Strathfield. The property last sold in January 2016 for $650,000 where the vendor is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale. 

According to David Pisano from LJ Hooker Strathfield, this 2-bedroom apartment is located within a block of 12 apartments. The north facing unit comes complete with an undercover balcony and a shared rooftop, whilst allowing easy access to public transport, schools and parklands.

If you think it is a good deal, make sure you crunch the numbers first. In postcode 2135, the vacancy rate has decreased over the last 12 months to 4.6% in October 2021 from 6.3% in October 2020. Asking rents have fallen 0.1% over the last 12 months to 12 October 2021. The gross rental yield on 2-bedroom units currently sits at 3.7%.

However, asking sales prices for units have grown over the year by 3%. You can view recent sales in 2135 here. Given these figures, equip yourself with the latest market research, as you could possibly drive a harder bargain with the seller.

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.

Vacancy Rates Remain Steady in September

Vacancy Rates Remain Steady in September

SQM Research today has revealed national residential property rental vacancy rates rose to just 1.7% over the month of September 2021. Vacancy rates remained largely steady over the month of September, albeit remaining in favour of landlords for most capital cities with the exception of Melbourne and inner Sydney.

Vacancy Rates
The total number of vacancies Australia-wide now stands at 59,345 residential properties, up from 58,856 in August. Sydney and Brisbane’s vacancy rate rose to 2.7% and 1.4% in September from 2.6% and 1.3% in August. In Adelaide, Perth, Darwin, Canberra and Hobart the vacancy rate remained below 1.0%, while Melbourne’s rate remained constant yet elevated. Vacancy rates rose in the Sydney CBD and Melbourne CBD to 8.2% and 8.4%.

Over the month to 12 October 2021, national asking rents rose 0.6% for houses to $536 per week and units rose by 1.7% to $409 a week. Capital city rents rose by 0.2% for houses over the past 30 days and are up by 10.2% over the past 12 months. Rents for units rose by 0.2% over the past 30 days and up by just 2.9% for the past 12 months.

Louis Christopher, Managing Director of SQM Research said:
“Rental vacancy rates were little changed in September, and were generally favouring landlords except for the Sydney CBD and large parts of Melbourne. As NSW and Victoria come out of lockdown and back to some sense of normality we expect some movement in the rental market. CBD locations may well improve for property owners as overseas students return to our shores. However, regional vacancy rates may also rise as longer term city dwellers seek a return to a larger choice of amenities, family and friends.”

Auction Results

for week ending 10 October 2021

Full individual auction results can be found on our website:

Auction Listings*

for week ending 17 October 2021

CITY Saturday   Rest of Week STATE Saturday   Rest of Week   Link
Sydney 659   379 All NSW 768   496   Auctions in NSW
Melbourne 1067   494 All VIC 1197   541   Auctions in VIC
Brisbane 126   83 All QLD 223   182   Auctions in QLD
Perth 17   8 All WA 17   12   Auctions in WA
Adelaide 135   59 All SA 136   62   Auctions in SA
Canberra 71   50 All ACT 71   50   Auctions in ACT
Darwin 2   2 All NT 2   3   Auctions in NT
Hobart 0   0 All TAS 1   0   Auctions in TAS

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

Real Estate Realities

Justin Timberlake and Jessica Biel List Their Lavish L.A. Home for $35M

Justin Timberlake and Jessica Biel’s estate located just off Mulholland Drive has been put on the market for US$35 million. The estate was purchased back in 2002 by Timberlake for US8.3 million from Helen Hunt.

The 13,530-square-foot Spanish villa is situated at the end of a cul-de-sac and boasts nine bedrooms, including a guesthouse. Over the past decade, Timberlake and Biel have made extensive renovations to the property. The modern interior of the home “combines contemporary finishes with rustic elements.” The home includes a gourmet kitchen, a dressing room, four fireplaces, a theatre and a home gym.

The villa offers nearly complete privacy to the owners, due to the surrounding canyons. The estate provides additional security, thanks to the massive gates and guardhouse. The expansive estate “includes a meadow and farm-to-table vegetable gardens.” Other outdoor options include a tennis court, outdoor living room and a 85 foot long pool.

More ...

Black Dragon's Words for the Week

“Make each day your masterpiece.” 

~ John Wooden

SQM Research Housing Indexes

SQM Research Weekly Asking Prices Index

Week ending
12 Oct 2021
Asking Price Chg on
prev wk
Rolling month
% chg
12 mth
% chg
Sydney All Houses 1,700.2 11.3  2.9%  27.8% 
All Units 713.5 1.5  1.6%  5.6% 
Melbourne All Houses 1,108.9 4.1  0.8%  7.9% 
All Units 571.8 1.6  1.1%  1.1% 
Brisbane All Houses 750.2 6.8  3.2%  15.5% 
All Units 400.2 0.2  1.3%  6.2% 
Perth All Houses 702.2 1.3  0.9%  5.1% 
All Units 388.3 -0.2  -0.4%  1.9% 
Adelaide All Houses 610.8 3.0  1.9%  16.2% 
All Units 321.2 -1.8  -1.1%  3.9% 
Canberra All Houses 863.2 32.4  2.0%  7.0% 
All Units 496.4 4.7  1.7%  7.3% 
Darwin All Houses 638.9 8.1  2.7%  9.3% 
All Units 370.2 4.5  1.4%  7.2% 
Hobart All Houses 674.1 -1.5  0.8%  18.3% 
All Units 442.3 3.0  1.6%  10.0% 
National All Houses 713.8 -3.4  1.6%  19.0% 
All Units 444.0 1.0  1.5%  11.9% 
Cap City Average All Houses 1,150.3 0.1  1.5%  18.6% 
All Units 588.3 -2.8  1.7%  4.4% 

Next update: 19 Oct 2021

SQM Research Weekly Rents Index

Week ending
12 Oct 2021
Rent      Chg on
prev wk
   Rolling month
% chg
     12 mth
% chg
Sydney All Houses 702.9 1.1  -0.2%  14.9% 
All Units 466.8 1.2  0.4%  3.2% 
Melbourne All Houses 524.6 -0.6  0.9%  1.8% 
All Units 374.0 0.0  0.3%  -4.1% 
Brisbane All Houses 527.1 -2.1  0.1%  12.8% 
All Units 397.3 0.7  0.3%  5.4% 
Perth All Houses 525.6 0.4  0.7%  11.1% 
All Units 399.5 -1.5  0.4%  10.3% 
Adelaide All Houses 455.4 0.6  1.0%  9.2% 
All Units 338.5 -3.5  -0.8%  7.4% 
Canberra All Houses 723.4 2.6  1.6%  16.0% 
All Units 514.1 -0.1  0.4%  7.2% 
Darwin All Houses 602.2 -2.2  0.8%  14.4% 
All Units 462.9 -2.9  0.2%  25.5% 
Hobart All Houses 487.2 7.8  3.1%  7.2% 
All Units 435.0 9.0  2.4%  13.7% 
National All Houses 536.0 1.0  0.6%  15.8% 
All Units 409.0 1.0  1.7%  10.8% 
Cap City Average All Houses 581.0 -1.0  0.2%  10.2% 
All Units 423.0 0.0 0.2%  2.9% 

Next update: 20 Oct 2021

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