Source: Corelogic
House and Unit Markets Over the 12 Months to July 2023
Houses
Best Performers
Highest change in sales vols: -11.3% Townsville (Qld)
Shortest days on market: 26 days Toowoomba (Qld)
Worst Performers
Lowest yearly growth: -20.4% Richmond-Tweed (NSW)
The best performing state was undeniably Queensland, recording four out of these seven positive house value growth regions. These included Central Queensland (2.7%), the neighbouring region of Mackay–Isaac–Whitsunday (1.2%), Toowoomba (0.7%), and the tropical region of Cairns (0.5%).
The Richmond-Tweed region again recorded the lowest yearly growth rate, from -24.2% yearly growth in our last quarterly regional report, to -20.4% over the year to July 2023.
Houses sold fastest in both the Toowoomba (Qld) with a median time on market of 26 days each.
Units
Best Performers
Shortest days on market: 22 days Toowoomba (Qld)
Lowest vendor discounts: -2.0% Toowoomba (Qld)
Worst Performers
Lowest yearly growth: -11.4% Richmond-Tweed (NSW)
Units across the Mid North Coast (NSW) region were the slowest to be sold. Currently selling quicker than any other region, with a median time on market of 22 days was the Toowoomba (Qld) region. This was followed by two other Queensland regions of Gold Coast (Qld) at 30 days, then Cairns (Qld) at 31 days
Gold Coast
Annual Dwelling Sales May 2023
House Sales -27.4%
Unit Sales -29.7%
Change in house and unit values over the year to July 2023 is recorded at:
Houses -4.4%
Units -1.7%
Vendor Discounting
Houses
Vendor Discounting (3M) Time on Market (3M)
Current: -4.3% 29 days
1 Year ago: -4.5% 24 days
Units
Vendor Discounting (3M) Time on Market (3M)
Current: -3.0% 30 days
1 Year ago: -3.8% 22 days
Sunshine Coast
Annual Dwelling Sales May 2023
House Sales -25.1%
Unit Sales -29.2%
Change in house and unit values over the year to July 2023 is recorded at:
Houses -8.8%
Units -6.4%
Vendor Discounting
Houses
Vendor Discounting (3M) Time on Market (3M)
Current: -4.4% 43 days
1 Year ago: -5.1% 28 days
Units
Vendor Discounting (3M) Time on Market (3M)
Current: -3.7% 44 days
1 Year ago: -3.3% 25 days
Toowoomba
Annual Dwelling Sales May 2023
House Sales -22.6%
Unit Sales -25.7%
Change in house and unit values over the year to July 2023 is recorded at:
Houses -0.7%
Units -4.4%
Vendor Discounting
Houses
Vendor Discounting (3M) Time on Market (3M)
Current: -4.0% 26 days
1 Year ago: -3.4% 14 days
Units
Vendor Discounting (3M) Time on Market (3M)
Current: -2.0% 22 days
1 Year ago: -3.3% 19 days
Richmond-Tweed NSW
Annual Dwelling Sales May 2023
House Sales -28.8%
Unit Sales -19.7%
Change in house and unit values over the year to July 2023 is recorded at:
Houses -20.4%
Units -11.4%
Vendor Discounting
Houses
Vendor Discounting (3M) Time on Market (3M)
Current: -6.0% 72 days
1 Year ago: -5.8% 44 days
Units
Vendor Discounting (3M) Time on Market (3M)
Current: -4.0% 51 days
1 Year ago: -2.9% 33 days
