According to the "Australian Financial Review", although the new outbreak in NSW caused North Beach to fall into lockdown over the weekend, as Christmas is approaching, the housing auction markets in Sydney and Melbourne are still very hot, and auction clearance rates are still strong. .

According to Domain data, 566 houses in Sydney were auctioned this time, with an initial clearance rate of 74.9%. In Melbourne, 864 houses were auctioned, and the initial clearance rate was 75.7%. Residents of North Beach have been asked to avoid unnecessary travel from the weekend.

The NSW Real Estate Institute therefore called for the offline auctions originally scheduled to be converted to online. From 5 pm on Saturday, the lockdown of the North Beach local government area includes the prohibition of public auctions and house inspections, and the lockdown order will continue until Wednesday.

SQM Research founder and analyst Louis Christopher said that the uncertainty in the Sydney housing market is not enough to dampen the enthusiasm of buyers. "At this stage, I don't think we have seen a large number of buyers withdraw or lose confidence. Everyone is still very confident that the epidemic will be contained. NSW has done a good job in controlling the previous epidemic.

We have a good opportunity to control the spread of the epidemic. I think the confidence of buyers will not be affected by the new epidemic, but it depends on the subsequent development of the epidemic. "In South Coogee, a house by the late architect Tony Corkill sold for A$10.55 million, which is far above the reserve price. This house has views of Coogee Beach and Wedding Cake Island.

After Corkill's death in November, the beachfront mansion bought by the couple 30 years ago was listed for sale at a reserve price of A$8.8 million. The sales agent is Michael Pallier of Sotheby's, who sold a house worth A$34.5 million in the past three days.
"I have never seen this before. Usually everyone is out at this time. Now it is only 6 days before Christmas." Another winner of the weekend was Ray White Group NSW Chief Executive Andrew McCulloch, whose house in Bowral is at auction. It was sold for A$2.25 million. McCulloch said: "Places like Bowral and rural areas have actually benefited. Everyone wants to escape the city and move to a place with more space." AMP chief economist Shane Oliver said that the time of the outbreak in NSW coincided with the traditional depression of the housing market. He also happens to be a resident of Avalon, the epicenter of the epidemic. "If the epidemic breaks out at other times, the housing market may be facing disaster." Even in the worst case, the entire Sydney has implemented stricter lockdown measures, and it may have been out of the lockdown at the end of January, which will happen to be when the housing market is back to life. . The housing market has been stable during the previous blockade, and demand has rebounded rapidly, which has helped boost everyone's confidence.
A COVID-19 pandemic has plunged the otherwise sluggish Australian real estate market into a further depression, and housing prices in Australia's major capital cities have fallen. Both the media and the real estate industry are lamenting "Another cold winter is coming!"

However, in the midst of the bad news about real estate, there is a region in Australia that not only has not fallen in house prices, but has continued to rise, with huge development potential. And this region is Queensland!
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Authoritative agencies predict that since the outbreak of the epidemic in March, the overall Australian real estate market has fallen into a downturn. Only Queensland’s real estate demand has steadily increased, and housing prices in some areas have risen by 20%, and this appreciation trend will continue for several years.

Let's analyze the data in detail

A few days ago, CoreLogic released the latest data. It can be seen that in July this year, the transaction volume of Brisbane's real estate soared by 21% in one month, and the price of real estate also rose by 23%. The total transaction amount was an astonishing 14 Billion Australian dollars, the increase exceeded all regions in Australia.

Westoac’s forecast also confirms this. At the beginning of the outbreak, Westpac predicted that Australian house prices would fall at least 10% this year. Only Queensland housing prices are not affected by the fall, especially Brisbane, where housing prices will maintain a steady growth trend in the next few years.

Real estate research expert Simon Pressley predicts that in the next 12 months, real estate in parts of Queensland will appreciate at least 10% or more. In some popular areas, such as Brisbane and the Gold Coast, the 20% rise is a conservative estimate.

This is the development potential of the Queensland real estate market. The prosperity of the real estate market can also quickly boost the local employment rate and fully stimulate the local economic development of Queensland.

It can effectively help Queensland recover the economic situation that was hit by the epidemic.

As for why parts of Queensland will become people's first choice.

First of all, it benefits from the good environment of Queensland. Whether it is Brisbane or the Gold Coast, it is one of the most beautiful cities in Australia, and the climate is more suitable for living.

The epidemic has changed Australia's existing office model. In the future, home office or remote office may become the mainstream. This allows people to have more choices in where to live, and areas with a more pleasant environment and climate will become the first choice.
The pace of life in Queensland is also what many people yearn for. It is not as busy as Sydney and Melbourne, and it is more in line with Australians' nature of loving freedom.

Coupled with the excellent performance of the Queensland government in responding to the epidemic, more people have recognized the safety of Queensland.

After the epidemic, in order to stimulate the recovery of the housing market, the Australian government is bound to introduce a series of preferential policies, not only to stimulate local buyers, but also to attract more overseas buyers.

Moreover, compared with the property prices in Melbourne and Sydney, the two major cities in Queensland, Brisbane and the Gold Coast, have relatively moderate house prices and have great potential for appreciation.

Various factors have caused Queensland to become the region with the greatest real estate development potential in Australia.

Many experts predict that house prices in Brisbane and the Gold Coast will continue to rise in a few years!

The clearance rate of Queensland real estate demand far exceeds the same period last year!


If you only look at expert forecasts, then the data may not be accurate, after all, there is a speculative component.

So let's use the existing data to show you how the property transaction volume in Brisbane, the capital city of Queensland, has changed compared with the same period last year.

First, on July 18, 2020, Brisbane's property clearance rate for the week was 62%, compared with 33% in the same period last year.
Still in the midst of the epidemic, Brisbane's real estate transaction volume has also nearly doubled from the normal period last year. This is a very exaggerated figure. On August 15, the property clearance rate in Brisbane that week was 58%, compared with 43% in the same period last year

Although the transaction rate has declined compared to July, it is still ahead of last year. On September 19, Brisbane’s property clearance rate for the week was 60%, compared with 42% in the same period last year.

Moreover, the 60% transaction rate has increased compared to August. It can be seen that although the demand for real estate in Brisbane has fluctuated, it has maintained an overall upward trend.

On October 24, another month passed. The property clearance rate in Brisbane that week was 56%, compared with 33% in the same period last year.

On November 28, the Brisbane property clearance rate reached a new high of 67% that week, the highest clearance rate in several months.

On December 12, Brisbane’s property clearance rate was 66%, always in a state of high demand, while the same period last year, which was also the peak season for house purchases, was only 43%.

The property clearance rate since September also shows that the demand for Brisbane properties is rising. After all, there are only a few cities with pleasant scenery, beautiful environment, complete living facilities, developed cities, and slow pace of life. And parts of Queensland have the highest development potential for real estate in Australia. Whether it is for self-occupation after the epidemic, or investment for income, real estate in Queensland can become the best choice.

Melbourne City Rental Market
Which district has the fastest weekly rent rise or the worst fall
Merry Christmas

According to Domain reports, rents in Melbourne's most expensive suburbs have become cheaper. New data shows that in the past year, the median rents of single-family houses in expensive suburbs Armadale and Toorak have fallen the most.

According to Domain's second quarter "Rental Report", in the past year, the median weekly rent for a single house in Armadale fell by 12% to A$750. Tulake fell 10% to A$990.

Melissa Austin of Buxton Stonnington, a real estate company, said that in suburbs such as Armadale and Turak, some landlords facing financial pressure will choose to lower their rents to ensure they can quickly rent out their properties to repay their loans.

 In June, Melbourne's overall median weekly rent for detached houses fell for the first time in seven years, with a drop of 2.3%. Domain's chief economist Trent Wiltshire (Trent Wiltshire) said that relevant data in Melbourne's inner city showed a decline in the rent of independent houses in the area, while unit rents were steadily increasing. He pointed out that the housing construction boom in the outer eastern suburbs has had an impact on rents, such as Clyde North (Clyde North), Orpheus (Officer), Pakenham (Pakenham) and other suburbs have remained unchanged since last year . But not all house rents have remained stable. The inner east suburb of Deepdene, located near private schools such as Camberwell Grammar, saw the biggest weekly rent increase, reaching 22.3% to A$918. In addition, rents in urban areas near the bay are also rising. In the Mornington Peninsula, Blairgowrie’s weekly rent rose to A$475, an increase of 19%. McCrae (McCrae) rose to 440 Australian dollars, an increase of 17%.

The median weekly rent in Williamstown North has increased by 15.5% since June last year and is now $560.

Unlike the single-house rental market, in Melbourne's wealthier suburbs, the median weekly rent in the unit market remains stable. Among them, the weekly rent of Tulake and South Yarra has risen by more than 2% in the past year, reaching A$480 and A$460 respectively.

Sunshine is one of the areas with the strongest rent growth. Sunshine North has the largest increase of 12.1%, with the median price rising to AU$325. Sunshine West grew by 9.4%, with a median price of A$350.