New South Wales

Benchmark April18

Landmark Harcourts Benchmark | 5 The number of residential house and rural property sales across the regional areas of New South Wales was 4.8% lower over the twelve months to November 2017, with a 1.5% rise in residential sales helping to offset a 17.5% reduction in rural property sales. In raw numbers, there were 63,907 settled sales recorded across both sectors over the twelve month period. While the volume of sales tracked lower over the year, the gross value of sales increased by 4.3% to reach $31.344 billion. The higher gross value amount was attributable to an 8.7% increase in the value of residential housing sales which rose from $20.6 billion in 2016 to reach $22.4 billion over the twelve months ending November 2017. The total value of rural sales fell by 4.9% over the year to be down $458.7 million. Across the rural sector of the market, 57% of sales over the past year were for properties with a land area less than 40Ha, however on a gross value basis, this sector accounted for a much smaller 27.4% of the market. The biggest jump in market activity across the residential sector was recorded across the Far West and Orana region where transaction numbers were 11.3% higher year on year, followed by the New England & North West region (+11.1%) and the Riverina (+10.1%). Across the rural sector, transactional activity has reduced across each of the sub-regions over the year. Price Trends Gross value of sales – rolling 12 months 2017 2016 45,596 44,943 443,000 415,000  6.7%  6.4% 2017 2016 10,437 13,333 185,000 182,000  1.6%  1.7% 2017 2016 5,861 6,488 436,000 400,000  9.0%  12.0% 2017 2016 1,760 2,063 674,857 630,000 7.1%  13.3% 2017 2016 253 310 1,809,600 1,549,552  16.8%  31.7% Residential houses (Less than 4 Ha) 25000 18750 12500 6250 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 Agriculture/Rural Less than 40 Ha 3500 2625 1750 875 Agriculture/Rural 40 Ha to 100 Ha 4000 3000 2000 1000 Agriculture/Rural 100 Ha to 1,000 Ha 2500 1875 1250 625 Agriculture/Rural 1,000 Ha+ NOV 13 NOV 14 NOV 15 1200 900 600 300 Left axis: Total value of sales $ (millions) Right axis: Number of sales NOV 16 50000 37500 25000 12500 NOV 17 0 0 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 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 7000 5250 3500 1750 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 2500 1875 1250 625 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 400 300 200 100 NOV 17 0 0 New South Wales


Benchmark April18
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