Victoria

Benchmark April18

Price Trends Gross value of sales – rolling 12 months Residential houses (Less than 4 Ha) 12000 9000 6000 3000 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 2500 1875 1250 625 2500 1875 1250 625 1400 1050 700 350 300 225 150 75 8 | www.landmarkharcourts.com.au 2017 2016 26,665 27,162 340,000 320,000  6.3%  3.2% 2017 2016 7,724 8,413 148,000 145,000  2.1%  5.1% 2017 2016 3,691 4,357 380,000 355,000  7.0%  3.3% 2017 2016 771 917 648,750 590,000  10.0%  11.3% 2017 2016 14 22 1,797,775 3,447,982 q–47.9%  176.0% Over the twelve months to November 2017, 38,865 property sales were recorded across the regional areas of Victoria. The number of settled sales was 4.9% lower year on year, with fewer settled sales in both the residential sector (–1.8%) and the rural sector (–11.0%). While sales activity has reduced over the year, transactional activity across the residential sector bucked the downwards trend in Shepparton, where sales were 7.1% higher compared with the previous year. Ballarat and Latrobe-Gippsland also saw a subtle rise in sales activity with a 3.8% and 1.1% lift in settled sales over the year. Despite the slippage in sales numbers, the gross value of regional sales showed a rise over the year, up 0.9% due to a 3.4% rise in the value of residential sales property sales helping to offset a 4.5% fall in the value of non-residential sales. Across the rural sector, sales activity was mostly concentrated across smaller land areas, with properties situated on 40Ha or less of land comprising 63.3% of all transactions. 30% of transactions were for rural properties with a land area of 40-100Ha, while rural properties on more than 1,000Ha comprised only 0.1% of the rural market based on transactional activity. Looking at trends in market activity across the sub-regions of regional Victoria, the Latrobe-Gippsland area recorded the highest number of sales across both the residential sector (6,132) and the rural sector (3,116). NOV 12 NOV 13 NOV 14 NOV 15 Left axis: Total value of sales $ (millions) Right axis: Number of sales NOV 16 30000 22500 15000 7500 NOV 17 0 0 Agriculture/Rural Less than 40 Ha NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 15000 11250 7500 3750 NOV 17 0 0 Agriculture/Rural 40 Ha to 100 Ha NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 5000 3750 2500 1250 NOV 17 0 0 Agriculture/Rural 100 Ha to 1,000 Ha NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 1200 900 600 300 NOV 17 0 0 Agriculture/Rural 1,000 Ha+ NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 NOV 17 0 40 30 20 10 0 Victoria


Benchmark April18
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