IN BRIEF

The median sale price for houses has surged, closing the September 2010 six month period at $181,000 culminated from a total of 108 transactions.

The median sale price for vacant land closed the September 2010 six month period at $78,000 culminated from a total of 15 transactions.

IN BRIEF

Strong population growth of 2% over the past year.

House prices increase by 3 4% per annum over the past 5 years.

59% of units sell for between $150,000 and $250,000.

IN BRIEF

The Greater Bendigo LGA’s current population growth rate of 2.1% equates to a requirement for a further 1,816 new dwellings.

The median sale price for houses in the region closed the March 2010 six month period at $255,000, culminated from a total of 781 transactions.

The median sale price for units closed the March 2010 six month period at $210,000, culminated from a total of 115 transactions.

IN BRIEF

Median price has surged 10.5% to register $315,000 over the six month to September 2009.

The greatest population growth recorded for a suburb from June 2007 to June 2008 within the Geelong Area was Moolap with a staggering 10.2% per annum.

The increasing popularity of apartment living in the Geelong Area can be attributed to the low maintenance lifestyle associated with living in a central location amid high amenity.

IN BRIEF

The Greater Geelong LGA’s current population growth rate of 2.1% equates to a requirement for a further 1,818 new dwellings.

The regions median sale price for houses closed the March 2010 six month period at $341,500, culminated from a total of 799 sales.

The median sale price for units closed the March 2010 six month period at $255,000, culminated from a total of 298 transactions.

IN BRIEF

The median sale price for houses has surged, closing the September 2010 six month period at $255,000 culminated from a total of 397 transactions.

The median sale price for vacant land closed the September 2010 six month period at $164,000 culminated from a total of 74 transactions.

Lara units represent an emerging market, with a growing level of sale and a stabilising investment option.

IN BRIEF

The Macedon Ranges current population growth rate of 2.6% per annum equates to a requirement for 391 new dwellings in 2010.

Median sale price for the house market has surged in recent times, closing the March 2010 six month period at $358,500. This figure was achieved from a total 281 transactions.

Median sale price for the Macedon Ranges unit market has also continued to perform, closing the March 2010 six month period at $252,000, culminated from a total 38 transactions.

IN BRIEF

The Maryborough house market’s median sale price closed the September 2010 six month period at $157,000, culminated from a total of 96 transactions.

The median price has recorded a ten year growth rate of 9.6% per annum, appreciating by $94,000 since September 2000.

The 96 house sales recorded throughout the September 2010 six months has remained steady to the regions five year average level of activity.

IN BRIEF

The Melton LGA’s current population growth rate of 8.2% equates to a requirement for 2,733 new dwellings in 2010.

Median sale price for the Melton house market has continued to surge, closing the March 2010 six month period at $320,000. This figure was achieved from a total of 961 transactions.

Median sale price for the Melton unit market has also continued to perform, closing the March 2010 six month period at $251,000, culminated from a total of 114 transactions.

Confidence

Macroeconomic Climate

Equities & Commodities Prices

Housing Prices

Dwelling Market

Demographics

Housing Finance & Labour Market

Retail trade & Petrol Prices

Scope

This report analyses the property market within the Riverina region of New South Wales. It focuses on the regions demographics, characteristics and the performance of the house, unit and land markets within the area.

IN BRIEF

Warrnambool’s current population growth rate of 1.8% per annum equates to a requirement for a further 216 new dwellings for the region in 2010.

The median sale price for houses in the region has surged in recent months, closing the March 2010 six month period at $312,250, culminated from a total of 280 transactions.

The median sale price for units closed the March 2010 six month period at $235,000, culminated from a total of 61 transactions.

BLUE skies look to be ahead for Rockhampton’s construction workers, such as John Murphy, with more than $1 billion worth of key projects in the pipeline or surging ahead. As the global economic crunch threatens jobs cross Australia, Rockhampton’s business and community leaders yesterday said they were very much getting on with the job of uilding a bright future for the city.

This year's report takes a global view of property markets. Last year we encouraged investors to look beyond the backyard. Now Australian investors are actively joining the race around the world for opportunities and yield. In peaking domestic property markets, property values at home are more sensitive this year to interest rates and government policy. The race is well and truly underway to find attractive alternatives. As Australia's economy becomes more subject to overseas influences, our property markets, particularly office and industrial, are also moving in sync with global markets.

Leasing demand continued to strengthen in Melbourne's Metropolitan office market in the six months to October, both for pre-lease opportunities and for speculative developments. Approximately 25,000m� of speculative and pre-committed space is currently under construction in the Inner East region with a further 22,000m� in either the planning stage or awaiting planning approval.

The purpose of this Property Watch report is to assess suburbs of Melbourne that have potential to perform over the coming year. Suburbs in the Melbourne metropolitan area, the Mornington Peninsula and Bass Coast, and Geelong regions (highlighted in yellow) were analysed. In choosing the hotspots, a number of factors have been considered such as the average annual growth in a suburbs median house and unit price over three years, infrastructure, property and demographic trends, among others. In addition, the hotspot picks for last year are analysed to see how they perform.

Doom and gloom has surrounded inner Melbourne’s residential property market since the much-hyped boom ended, but to what degree is this gloom warranted?

In the last twelve months we have covered residential development in planning for inner city Melbourne and Melbourne's middle suburbs, and now it is outer Melbourne's turn.

In general the area has a slightly older demographic with the average age of 38 years in the councils of Pittwater and Warringah compared to 36 years across the Sydney Metropolitan Area.