Unlimited Blog

MARKET REPORT | JUNE 2020

The team at Raine & Horne Potts Point | Elizabeth Bay are very excited to bring you the latest market report for June 2020 for the following suburbs.

- Darlinghurst

- Potts Point

- Paddington

- Elizabeth Bay

- Woollahra

In providing a price estimate of any property, many factors need to be taken into account. Consideration needs to be given to the location, aspect, presentation, condition, current market climate and recent sales of comparable properties. Please see below current 'trends' tin the marketplace hat have taken place in the Eastern suburbs across the last 12 months.

	Property Type	Current	Increase	Decrease		Property Type	Current	Increase	Decrease
Median Value	House	$1.97M	23.1%		Median Value	Unit/ Apartment	$1.01K	17.2%
Number of Sales	House	60		-7.7%	Number of Sales	Unit/ Apartment	195	30.0%
Median Days on Market	House	52	21.3%		Median Days on Market	Unit/ Apartment	34		-32.4%
Rental Yield	House	2.55%		-18.3%	Rental Yield	Unit/ Apartment	3.38%		-12.8%
Median Weekly Asking Rent	House	$950		-5.0%	Median Weekly Asking Rent	Unit/ Apartment	$595		-3.3%
Total Value of Sales	House	$131.14M		-26.9%	Total Value of Sales	Unit/ Apartment	$266.88M	53.7%
Number of Listings	House	38		-26.9%	Number of Listings	Unit/ Apartment	191	9.1%

	Property Type	Current	Increase	Decrease		Property Type	Current	Increase	Decrease
Median Value	House	$2.82M	34.1%		Median Value	Unit/ Apartment	$915K	8.5%
Number of Sales	House	5		-16.7%	Number of Sales	Unit/ Apartment	196	40.0%
Median Days on Market	House	n/a			Median Days on Market	Unit/ Apartment	42		-16.0%
Rental Yield	House	2.89%	4.7%		Rental Yield	Unit/ Apartment	3.39%		-7.1%
Median Weekly Asking Rent	House	$725	68.6%		Median Weekly Asking Rent	Unit/ Apartment	$545		-5.2%
Total Value of Sales	House	$29.30M		-37.2%	Total Value of Sales	Unit/ Apartment	$220.71M	32.1%
Number of Listings	House	7	16.7%		Number of Listings	Unit/ Apartment	175	4.2%

	Property Type	Current	Increase	Decrease		Property Type	Current	Increase	Decrease
Median Value	House	$2.62M	26.1%		Median Value	Unit/ Apartment	$1.00M	19.3%
Number of Sales	House	221		-18.5%	Number of Sales	Unit/ Apartment	82	49.1%
Median Days on Market	House	37		-18.5%	Median Days on Market	Unit/ Apartment	26		-54.0%
Rental Yield	House	2.73%		-12.0%	Rental Yield	Unit/ Apartment	3.19%		-5.5%
Median Weekly Asking Rent	House	$1000		-7.9%	Median Weekly Asking Rent	Unit/ Apartment	$550	0.0%
Total Value of Sales	House	$573.78M	33.6%		Total Value of Sales	Unit/ Apartment	$81.07M	42.5%
Number of Listings	House	168		-7.7%	Number of Listings	Unit/ Apartment	78	23.8%

	Property Type	Current	Increase	Decrease		Property Type	Current	Increase	Decrease
Median Value	House	$4.20M	21.6%		Median Value	Unit/ Apartment	$928K	6.9%
Number of Sales	House	1	0.0%		Number of Sales	Unit/ Apartment	145	27.2%
Median Days on Market	House	n/a			Median Days on Market	Unit/ Apartment	42	11.8%
Rental Yield	House	n/a			Rental Yield	Unit/ Apartment	3.24%		-5.8%
Median Weekly Asking Rent	House	n/a			Median Weekly Asking Rent	Unit/ Apartment	$540		-6.1%
Total Value of Sales	House	$9.75M	0.0%		Total Value of Sales	Unit/ Apartment	$193.26M		-2.7%
Number of Listings	House	4	33.3%		Number of Listings	Unit/ Apartment	162	0.0%

	Property Type	Current	Increase	Decrease		Property Type	Current	Increase	Decrease
Median Value	House	$3.23M	19.8%		Median Value	Unit/ Apartment	$1.28M	15.8%
Number of Sales	House	102	29.1%		Number of Sales	Unit/ Apartment	86	0.0%
Median Days on Market	House	48	9.0%		Median Days on Market	Unit/ Apartment	38		-19.8%
Rental Yield	House	2.42%		-10.9%	Rental Yield	Unit/ Apartment	3.01%		-8.2%
Median Weekly Asking Rent	House	$1000		-16.1%	Median Weekly Asking Rent	Unit/ Apartment	$690		-2.8%
Total Value of Sales	House	$364.09M	27.7%	-	Total Value of Sales	Unit/ Apartment	$108.16M		-14.8%
Number of Listings	House	88	8.6%		Number of Listings	Unit/ Apartment	78		-23.0%

All information contained herein is gathered from sources such as Core Logic, we deem as reliable. However, we cannot guarantee it's accuracy and persons should rely on their own enquires.