csobrien1966

How is The South?

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    Just thought I would share some information with you if you live down South.

     

    Median House Prices

     

    Seaford Rise 2010.........+2.9% and 2011.............-2.8% with 91 sales for the year.

     

    Seaford.......2010.........+8.4% and 2011.............-.1% with 64 sales for the year.

     

    Moana.........2010........-5.3% and 2011..............+7.6% with 50 sales for the year.

     

    All figures are from RP Data

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    Hi there,

    Thanks for this. I am surprised about Moana...is this to do with not having the rail link whilst Seaford will soon have it?

     

    Dare I ask how Port Noarlunga and Christies Beach have fared in these difficult times?

     

    If you have any figures for these suburbs I would really appreciate you posting them on here?

     

    Thanks very much.

     

    Tamara

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    Check out this site... it has all suburbs and all price movements..

     

    http://www.abelrealty.com.au/_excel/LGAFrames2011_12.htm

     

    I sometimes wouldn't take too much notice of the price movements though on a 1 off basis, only because they work on average house sales, so if an expensive house is sold, it can make a difference to the average. Look at areas like Hallet Cove, some houses sold will be $1M plus, this can massively affect the average, but if in a period no high level houses are sold then it would look like the suburb was less attractive and going backwards.

     

    I feel sorry for estate agents, without any 2 houses being alike how do you value them ? I've seen houses in Morphett Vale with pool, 4 bedrooms, Spa, Fantastic fitted kitchen etc.. looking the biz, being offered for $400K, then round the corner an average 3 bed with small rooms, and basic fittings is sold for $350K. I guess there a logic to house prices but it seems difficult to follow.

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    Check out this site... it has all suburbs and all price movements..

     

    http://www.abelrealty.com.au/_excel/LGAFrames2011_12.htm

     

    I sometimes wouldn't take too much notice of the price movements though on a 1 off basis, only because they work on average house sales, so if an expensive house is sold, it can make a difference to the average. Look at areas like Hallet Cove, some houses sold will be $1M plus, this can massively affect the average, but if in a period no high level houses are sold then it would look like the suburb was less attractive and going backwards.

     

    I feel sorry for estate agents, without any 2 houses being alike how do you value them ? I've seen houses in Morphett Vale with pool, 4 bedrooms, Spa, Fantastic fitted kitchen etc.. looking the biz, being offered for $400K, then round the corner an average 3 bed with small rooms, and basic fittings is sold for $350K. I guess there a logic to house prices but it seems difficult to follow.

     

     

     

    TOTALLY AGREE ROB

     

    Seaford Rise would have only needed say 2 x $450,000 homes actually settle in December and this figure would be a +

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    TOTALLY AGREE ROB

     

    Seaford Rise would have only needed say 2 x $450,000 homes actually settle in December and this figure would be a +

     

    You are looking at the individual house price as it's median and not mean?

     

    Cheers,

    Cooler

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    You are looking at the individual house price as it's median and not mean?

     

    Cheers,

    Cooler

     

    You are spot on.. I was incorrectly looking at the mean...

     

    But the market figures can still be distorted, when i was selling up at Mawson Lakes, there was almost no movement on any house over $500K, but the lower value homes were still trickling along, this would still show a decreased market trend, but doesn't necessarily mean the value has gone down.

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    You are spot on.. I was incorrectly looking at the mean...

     

    But the market figures can still be distorted, when i was selling up at Mawson Lakes, there was almost no movement on any house over $500K, but the lower value homes were still trickling along, this would still show a decreased market trend, but doesn't necessarily mean the value has gone down.

     

    Funny, the UK use mean and median is used. We live in Sellicks and I guess the house sales are less and median is probably the best average, to use. But, that could easily change if a new development was started.

     

    cheers,

    Cooler

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