CoreLogic National housing Update September 2018
September Market Outlook
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Adelaide September 2018
Brisbane September 2018
Canberra September 2018
Darwin September 2018
Gold Coast September 2018
Melbourne September 2018
Newcastle September 2018
Perth September 2018
Regional NSW September 2018
Regional NT September 2018
Regional QLD September 2018
Regional VIC September 2018
South West WA September 2018
Sydney September 2018
Tasmania September 2018
Wollongong September 2018
CoreLogic NSW housing Update September 2018
CoreLogic QLD housing Update September 2018
CoreLogic SA housing Update September 2018
CoreLogic VIC housing Update September 2018
CoreLogic WA housing Update September 2018
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Regional NT September 2018
The month in review: Regional NT
By Herron Todd White
The Alice Springs market traditionally enjoys a livelier period during the spring months and heading into December with sales numbers generally well up on the previous quarter, including over recent years when the market has been declining.
Being a transient location, this is in part due to the comings and goings as people relocate towards the end of the year however as the chilly mornings and frosts leave us, the presentation of well-kept gardens shines through and spring proves the best time to sell.
The market has shown mixed results in recent months which is likely to continue. Recent shining lights include the rural residential market with more sales above the $1 million mark and the Old East Side area continuing to be popular.
Units continue to be generally soft, more so for older 1980s 2-bedroom townhouses which have continued to decline in value however more are starting to sell which is a positive sign. New and modern units have proved more resilient with good demand and stable price levels.
We look forward to the traditional uplift over the next couple of months particularly after an extended period of stabilisation and with some new developments starting construction it will be another interesting quarter.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.