HORSHAM MARKET OVERVIEW
We are pleased to present our latest report compiled by our PRDnationwide research division.
Key Highlights
• In the past 12 months ending February 2012, the median house price increased by 11.3 per cent, to $210,000.
• Over the past ten years, sellers have realised an average capital growth return of 8.4 per cent per annum, through an average holding period of 7.4 years.
• The final vacant land median price recorded for the February 2012 six month period was $100,500, equating to an increase of $53,000 in just three years.
• Due to a lack of prime land potential buyers are assessing established homes as more viable, hence an increase in recent activity in the $300,000 plus price range.
For the full report click here.
For a free appraisal of your property, contact me here.
Wednesday, May 2, 2012
Wednesday, February 8, 2012
Great start!
It's been an amazing start to 2012 already, with massive numbers of buyers out and about right through January and early this month.
We have seen a real surge in interest from investors across the board and demand for brick veneer town units, townhouses and particularly executive homes is extremely strong. This is evidenced by a large number of recent sales between $300,000 and $500,000 in Horsham.
This week we release our latest property market research which has some interesting trends developing.
For further details on buying, selling or investing in this region, call your PRDnationwide - your home of property knowledge.
We have seen a real surge in interest from investors across the board and demand for brick veneer town units, townhouses and particularly executive homes is extremely strong. This is evidenced by a large number of recent sales between $300,000 and $500,000 in Horsham.
This week we release our latest property market research which has some interesting trends developing.
For further details on buying, selling or investing in this region, call your PRDnationwide - your home of property knowledge.
Wednesday, January 11, 2012
Welcome 2012!
In our first year with PRDNationwide, we were pleased to finish in the Top 10 offices nationally.
We have no doubt the National Branding and Network brought more buyers to our doors we we were able to convert into sales for our Vendors.
Many real estate markets around the country struggled in 2011, but Horsham remained very strong.
After a slightly slow first quarter start, mainly due to the floods, we recorded our highest ever consecutive six months in sales (April to September) and our annual sales volume finished up overall on the previous year.
Our average days on market in 2011 to clear new listings was just 30 days , with around 98% of the asking price being achieved on average which is exceptional.
Rental demand continued to remain strong, and in the last quarter of 2011 we had an average 0% vacancy rate ( no empty houses! ) which made our investors extremely happy.
Looking ahead we have water back in the recreational lakes and the farmers have filled the bins so there are plenty of smiling faces around. Rental demand continues to climb, investors are bombarding us on the internet, and there has been a surge in sales in the $300,000 - $500,000 range indicating confidence in our local market.
We look forward to an exciting year in real estate and please feel free to call us on 53820000 if there is anything in real estate we can do to help you.
We have no doubt the National Branding and Network brought more buyers to our doors we we were able to convert into sales for our Vendors.
Many real estate markets around the country struggled in 2011, but Horsham remained very strong.
After a slightly slow first quarter start, mainly due to the floods, we recorded our highest ever consecutive six months in sales (April to September) and our annual sales volume finished up overall on the previous year.
Our average days on market in 2011 to clear new listings was just 30 days , with around 98% of the asking price being achieved on average which is exceptional.
Rental demand continued to remain strong, and in the last quarter of 2011 we had an average 0% vacancy rate ( no empty houses! ) which made our investors extremely happy.
Looking ahead we have water back in the recreational lakes and the farmers have filled the bins so there are plenty of smiling faces around. Rental demand continues to climb, investors are bombarding us on the internet, and there has been a surge in sales in the $300,000 - $500,000 range indicating confidence in our local market.
We look forward to an exciting year in real estate and please feel free to call us on 53820000 if there is anything in real estate we can do to help you.
Monday, February 14, 2011
What's the market really doing?
The market has really lifted in February with lots of new listings, increased buyer activity and more sales - particularly in the $200 - $400 range.
PRD for those that do not know stands for Property Research and Development.
Our research department has studied the sales data and tells us that after a period of strong growth stretching through the earlier half of the decade, the Horsham house market seemed to have reached a plateau in more recent years.
This type of growth is in close alignment with a regular real estate cycle, where a market experiences strong growth for a number of years and then cools
for a duration before taking off again. With this in mind and the
strong performance of many other markets throughout regional
Victoria, the Horsham house market should commence seeing
significant growth again in the short to medium term.
The average growth over the last ten years was 7%.
In Ararat the median price has continued to surge, recording a tweleve month growth of 20.7% and a 13.5% improvement in sales volume. Of particular interest is the shift to wards more sales in the higher price brackets indicating strong confidence in the community.
Full reports on Horsham and Ararat are available for free from us upon request.
Regards,
Wes Davidson CEA ( REIV)
Director
PRD for those that do not know stands for Property Research and Development.
Our research department has studied the sales data and tells us that after a period of strong growth stretching through the earlier half of the decade, the Horsham house market seemed to have reached a plateau in more recent years.
This type of growth is in close alignment with a regular real estate cycle, where a market experiences strong growth for a number of years and then cools
for a duration before taking off again. With this in mind and the
strong performance of many other markets throughout regional
Victoria, the Horsham house market should commence seeing
significant growth again in the short to medium term.
The average growth over the last ten years was 7%.
In Ararat the median price has continued to surge, recording a tweleve month growth of 20.7% and a 13.5% improvement in sales volume. Of particular interest is the shift to wards more sales in the higher price brackets indicating strong confidence in the community.
Full reports on Horsham and Ararat are available for free from us upon request.
Regards,
Wes Davidson CEA ( REIV)
Director
Sunday, February 6, 2011
Junior Basketball Tournament this weekend .
This weekend (as major sponsor) we welcome people from all over the state to Horsham for the Junior Basketball Tournament. We hope you enjoy the weekend and encourage you to stay, shop and play in our wonderful region.
We will still be working of course, and available to show you through any properties that may be of interest. Horsham is a great place to invest with high rental returns and very low vacancy rates.
For further details on real estate in this area, ask a local.
Wes Davidson Real Estate Pty.Ltd - PRDNationwide.
We will still be working of course, and available to show you through any properties that may be of interest. Horsham is a great place to invest with high rental returns and very low vacancy rates.
For further details on real estate in this area, ask a local.
Wes Davidson Real Estate Pty.Ltd - PRDNationwide.
Thursday, January 20, 2011
New Website About to be released
Wes Davidson Real Estate - PRDnationwide is about to launch our new website reflecting our new corporate branding.
You will still be able to access our site using the www.wesdavidson.com.au address, but the new site is much more enhanced with extra features.
We would love your feedback once the new site is launched next week.
You will still be able to access our site using the www.wesdavidson.com.au address, but the new site is much more enhanced with extra features.
We would love your feedback once the new site is launched next week.
Tuesday, January 18, 2011
Flood Update
Business is returning to normal now but all mid week opens this week have been cancelled as we let the water recede.
Our phones are manned and we are ready to take your calls for appraisals, sales or rental enquiries.
Congratulations to the SES and other flood crisis authorities for an outstanding job.
Our phones are manned and we are ready to take your calls for appraisals, sales or rental enquiries.
Congratulations to the SES and other flood crisis authorities for an outstanding job.
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