Hi there i’m josh mangelson senior research analyst here at prd today, i’m really excited to be able to release the bexley north market update for the second half of 2020 and we’d love to share a few key findings with you now to start off with. In q3, 2020 baxley north recorded a median house price of 1.24 million dollars in a median unit price of 682 000. This represents annual price growth of 6.9 percent for houses and 12 percent of the units, suggesting that the market has remained highly resilient.
Despite cover 19. average vendor discounts have now swung to favor sellers with a premium of 5.3 for houses and 2 1 for units in the 12 months to q3, 2020 This suggests that buyers are now achieving sale prices above their initial list prices, making an excellent opportunity to sell within bexley north in terms of local project development. An estimated 18.4 million dollars worth of projects are set to commence across the second half of 2020, primarily focusing on infrastructure development, [, Music ] for the investor.
A median house rental price of 630 dollars per week is an increase over the previous 12 months, while average days to let a property have declined by over 30 now sitting at just 23 days for a rental property to access a full copy of this report. Please head over to www.prd.com thank you! [ Music, ]
