Victoria

LH Benchmark_Nineteenth_Ed

Price Trends Gross value of sales – rolling 12 months Residential houses (Less than 4 Ha) 12000 9000 6000 3000 MAR 08 MAR 09 MAR 10 MAR 11 MAR 12 2500 1875 1250 625 2500 1875 1250 625 1400 1050 700 350 300 225 150 75 8 | www.landmarkharcourts.com.au 2018 2017 29,015 27,975 350,000 326,000  7.4%  3.4% 2018 2017 7,939 8,583 149,000 148,000  0.7%  5.7% 2018 2017 3,938 4,416 400,000 374,000  7.0%  6.9% 2018 2017 683 982 640,420 637,500  0.5%  17.6% 2018 2017 16 24 1,275,000 3,275,626 q–61.1%  162.4% Regional Victoria recorded a 0.9% slip in the number of settled house and rural property sales over the twelve months ending March 2018. The fall in settled sales was attributable to a 10.2% drop in rural and agricultural property sales, while conditions were stronger across the regional house market, where sales activity was 3.7% higher over the past twelve months. In value terms, the twelve months ending March 2018 saw $15.8 billion in settled house and rural property sales across regional Victoria which was an increase of $529 million (+3.4%) on the previous year. The rise in the overall value of sales was due to a 10.2% lift in the gross value of residential house sales which more than offset a 10.7% reduction in the gross value of rural and agricultural property sales. Across the sub-regions of the state, the Latrobe-Gippsland region recorded the most residential house sales over the twelve months ending March ’18, with 6,727 settled sales; up 6.0% from a year prior. The Shepparton region recorded a larger rise in sales activity, with a 12.7% surge in settled sales over the year. The Latrobe-Gippsland region also recorded the highest number of rural and agricultural property sales. Over the twelve months ending March 2018 there were 3,216 rural property sales which was a 2.8% increase in settled sales over the year. MAR 13 MAR 14 MAR 15 MAR 16 Left axis: Total value of sales $ (millions) Right axis: Number of sales MAR 17 30000 22500 15000 7500 MAR 18 0 0 Agriculture/Rural Less than 40 Ha MAR 08 MAR 09 MAR 10 MAR 11 MAR 12 MAR 13 MAR 14 MAR 15 MAR 16 MAR 17 15000 11250 7500 3750 MAR 18 0 0 Agriculture/Rural 40 Ha to 100 Ha MAR 08 MAR 09 MAR 10 MAR 11 MAR 12 MAR 13 MAR 14 MAR 15 MAR 16 MAR 17 5000 3750 2500 1250 MAR 18 0 0 Agriculture/Rural 100 Ha to 1,000 Ha MAR 08 MAR 09 MAR 10 MAR 11 MAR 12 MAR 13 MAR 14 MAR 15 MAR 16 MAR 17 1200 900 600 300 MAR 18 0 0 Agriculture/Rural 1,000 Ha+ MAR 08 MAR 09 MAR 10 MAR 11 MAR 12 MAR 13 MAR 14 MAR 15 MAR 16 MAR 17 MAR 18 0 40 30 20 10 0 Victoria


LH Benchmark_Nineteenth_Ed
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