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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Wollongong September 2018
The month in review: Wollongong
By Herron Todd White
Is there such a thing as a Spring Selling Season in the Illawarra? Empirical data shows a small level of support, with data collected for house sales over the past five years through the Illawarra (Wollongong, Shellharbour, Kiama and Shoalhaven LGAs) indicating three peak selling periods: February/ March; May; and November.
There does appear to be a winter slump in house sale numbers with June, July and August being relatively quiet months. An increase starts to be seen with the introduction of spring in September, rising through to the November peak.
The coming spring months will be interesting for the Illawarra residential property market. While the market hasn’t stopped (properties are still selling) demand is much softer than it has been in recent years and as such price growth is limited. In some areas we are aware of a slight decline in sale prices, particularly where vendors are very motivated to sell. Vendors and agents will be hoping that spring can spark the market back to life.
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.