Using suburb level data, we have created an algorithm to automatically generate a text based summary. This has been designed to help you understand the market using plain English and is an ideal way for us to refresh and easily add new content to Suburbtrends.
This text is available for users to copy & paste into reports and social posts. For example, valuers can use this as a convenient tool for a market summary. Buyers agents, selling agents and property managers can paste the text directly into social posts or add to Canva templates.
Example House Summary For Balmain.
The current housing market for Balmain would be considered a strong sellers market with conditions relatively stable compared to 3-months ago. Balmain 2041 has a solid average monthly sale volume with 12 average house(s) sold per month. The time taken to sell a house (days-on-market) currently is 23. This has decreased from 24 days 12-months ago. The median house price for Balmain is $2,100,000. Using the Leichhardt Sa3 regional data, we estimate a 5% change in median sale prices in the last 12-months. The median house rent price for Balmain is $800. Using the Leichhardt Sa3 regional data, we estimate a -1% change in median rent prices in the last 12-months. Rents for houses across the Leichhardt market have dropped by $5 in the last 12-months. Vacancy rates for the area are currently 2.7% with 73 fewer vacant properties compared to a year ago. Houses listed for rent are expected to stay advertised for around 20 days on average. The unemployment rate estimate for the Sydney – Inner West Sa4 was 6.5% for the December Quarter 2020.