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Capital City Sale Price Analysis - very limited buying in Sydney under $1M

Capital City Sale Price Analysis - very limited buying in Sydney under $1M

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Australian Property Market Trends: An Analysis of Residential Sales in Major Cities

Comprehensive Analysis of the Australian Property Market Across Major Cities

The Australian residential property market displays significant variation in pricing across different regions, with a focus on house and unit sales in major cities such as Sydney, Melbourne, Brisbane, Perth, Adelaide, and Hobart. This report provides an in-depth look at the pricing segmentation for houses and units, offering insights into the percentage of properties sold under $1M, which serves as a benchmark for affordability.

Market Overview in Major Capitals

In Sydney, the property market is highly competitive with only 22.12% of houses and 69.27% of units selling for under $1M. This trend highlights Sydney's status as a premium market. In contrast, Melbourne shows greater accessibility, with 65.63% of houses and 84.28% of units priced under $1M. Brisbane presents a balanced market, with 63.49% of houses and 86.44% of units selling below the $1M mark.

Adelaide and Perth offer more affordable housing options with 78.01% and 76.31% of houses respectively selling under $1M. Both cities also display a high percentage of units sold under $1M, with Adelaide at 92.68% and Perth at 94.74%. Hobart shows a unique trend where all units sold are under $1M, emphasizing its position as an affordable market for buyers and investors.

Analysis of Price Segments

Price segmentation data reveals a concentration of house sales in the $600,000 to $800,000 range across several cities, indicating a strong middle-market. Units, on the other hand, commonly sell in the $400,000 to $600,000 range, particularly in cities like Hobart and Adelaide, reflecting a preference for more budget-friendly options amongst buyers.

Implications for Stakeholders

The data provided herein is crucial for stakeholders including real estate agents, property managers, investors, and policymakers. Understanding these market dynamics helps in making informed decisions about where to invest, pricing strategies, and forecasting future trends in the Australian real estate market.

This report aims to serve as a vital resource for those involved in the Australian real estate industry, offering a clear perspective on the varying market conditions across the country.

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