PRD Nationwide Real Property

Office Name *Data for the St George area is based on an amalgamation of the following suburbs: Allawah, Bardwell Park, BardwellValley, Belmore, Beverley Park, Beverly Hills, Bexley, Bexley North, Carlton, Carss Park, Clemton Park, Dolls Point, Earlwood, Hurstville Grove, Kingsgrove, Kogarah, Kogarah Bay, Monterey, Mortdale, Narwee, Oatley, Penshurst, Ramsgate, Ramsgate Beach, Rockdale, Roselands, Sandringham, and Sans Souci. Prepared by PRD Research. Source: Pricefinder. The average vendor discount for houses in St George* swung from -4.2% in the 12 months to Q4 2019 to reach a buer’s premium of +4.9%. At the same time, average vendor discounting for units tightened from -5.4% to just -0.6% in Q4 2019.This suggests that buyers are able to a slight discount below the initial list price for units, while houses typically require offers above the list price. Buyers can use this knowledge to act now and secure property in the market. Vendor Di scount House & Un i t Q4 2019 saw houses and units in St George* average 38 and 45 days to sell respectively.This is an improvement of 29.0% for houses and 30.8% for units over the previous 12 months. Such a change is indicative of the increasingly comeptitive market conditions and limited stock availabile in the market. Knowing this, buyers are encouraged to act quickly to secure property. Ave rage Days on Ma rke t House Unit Q3 2018 -3.8% -4.4% Q4 2018 -4.2% -5.4% Q1 2019 -5.0% -6.0% Q2 2019 -3.8% -4.8% Q3 2019 -0.4% -2.6% Q4 2019 4.9% -0.6% House Unit Market Trend Q3 2018 58 52 55 Q4 2018 54 65 60 Q1 2019 74 77 76 Q2 2019 67 68 68 Q3 2019 62 64 63 Q4 2019 38 45 42 12mth Change -29.0% -30.8% -30.0% 6mth Change -42.7% -33.9% -38.3% -3.8% -4.2% -5.0% -3.8% -0.4% 4.9% -4.4% -5.4% -6.0% -4.8% -2.6% -0.6% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Change from Listing to Sale Price House Unit 58 54 74 67 62 38 52 65 77 68 64 45 0 10 20 30 40 50 60 70 80 90 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Average Days on Market House Unit Market Trend

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