Hotspotting Terry Ryder

The latest edition of the Good New Bulletin recorded 28 July 2020. Home buying intentions have improved, vacancy rates are low and first-home buyers are busy.

This Winter 2020 edition of the Price Predictor Index reflects the impact of the pandemic on property markets across Australia, including the outcomes for sales volumes and for prices. We have seen a decline in sales activity in some markets while others have maintained their previous levels of property sales, or close to them.
 
Prices overall have shown considerable resilience during the pandemic: the data from regular sources of price information, like SQM Research and CoreLogic, shows most major markets across Australia have maintained their value levels or recorded small increases, although there is evidence of decline in some parts of the Sydney and Melbourne markets. In some cases, it depends on which data source you use. The different data sources have conflicting information on the Sydney market, for example.
 
Overall, the Winter 2020 edition shows that some markets have been negatively impacted by Covid-19 while others have continued to show strength.

Many locations across Australia are thriving in the current environment. Many of them are key cities, which are strongly Covid-resistant and benefiting from the trend of people leaving the big cities and moving to lifestyle locations, while working remotely. But how do you find these strong, resilient, growth centres of the future? What research tools can you use to pinpoint the best places to buy to tap into the strongest real estate trends? In this well-timed webinar, Hotspotting founder Terry Ryder spoke with leading buyers' agent Kate Hill of Adviseable about methods of tracking down the places where buyer demand is growing and prices are rising. They discussed why certain locations are stronger than the norm and which research tools you can use to identify the hotspots of the near future.

There's lots of positive news happening in real estate markets across Australia this week.

Sydney is a very big city. There are over 700 suburbs in the Greater Sydney Area. Some, right now, are places to avoid, because of the impacts of Covid-19. But others are thriving. Because of their specific local qualities, they are great places to buy - right now. And we have just published our new FY2021 edition of the Top 5 Sydney Hotspots report to highlight where those places are and why we rate them highly in the current climate. Here’s an example. One of the best ways to gauge how well or how badly a market is handling the pandemic period is to look at vacancy rates. Vacancies have soared in some locations, such as the Sydney CBD, which they now top 15%. But in the Sutherland LGA in Sydney’s south, vacancy rates were low before the pandemic struck and they remain low. Most of the postcodes in The Shire, as it’s generally known, are well below 2%. This location is attracting good demand amid the pandemic because it offers a wonderful lifestyle based on proximity to water and to national parks, at a much lower price than the prestige markets on the North Shore or in Sydney’s inner west. The recent shutdown period has opened the eyes of many people to the possibilities of working from home. And the suburbs of The Shire are poised to attract increased demand from buyers because of this factor. If offers an enviable lifestyle at attractive prices – and still only about 45 minutes from the Sydney CBD. For all these reasons, the Sutherland LGA features prominently in our new edition of the Top 5 Sydney Hotspots report. To learn more, and to discover the other locations we like in the current climate, get yourself a copy of the new FY2021 edition of Top 5 Sydney Hotspots - https://www.hotspotting.com.au/product/top-5-sydney/

Real estate continues to deliver results that are better than the pessimistic forecasts of economists.