With some 778 real estate agents and 186 real estate agencies operating across the ACT find the best real estate agent to sell or manage your property can be difficult. Which Real Estate Agent helps sellers make an informed decision by comparing all Adelaide real estate agents within your property’s immediate surrounds and outlines the following information in an unbiased and free report.
Companies have good and average employees and real estate is certainly no different. We analyse all individual agents so you know exactly which agent to approach. Our report highlights those who sells:
Select Selling or Renting (in map) to show correct type of commission rate for your situation.
The figures shown are an average. Agents charge different amounts based on a range of factors including property, price and likelihood to sell.
In their last yearly property market update, issued January 2014, RP Data provided the following summary of the Canberra real estate market. We update this section every January, when the new report is issued.
“Canberra home values increased by 2.7 per cent over the 12 months to
January 2014. Canberra house values increased by 2.9 per cent over the
year compared to a 0.1 per cent rise in unit values. Canberra’s rate of
home value growth was similar to the rate recorded 12 months ago:
2.4 per cent for houses and 6.6 per cent for units. Home values reached a
record high during 2013 however, value falls were recorded towards the
end of the year. Compared to the record high levels prior to their recent
peak, house values are 1.6 per cent lower and unit values are 4.2 per
Canberra home values have recorded a compounding annual
growth rate of 8.7 per cent over the 15 years to January 2014. Breaking
this down into five year increments, January 1999 to January 2004 was
the strongest period for value growth with values rising by 149.8 per
cent. Home values rose 19.1 per cent over the five years to January 2009
and by a further 18.0 per cent over the five years to January 2014.
Canberra house sales are up but unit sales collapse
RP Data estimates that over the past year there were 4,391 Canberra
house sales and 3,078 unit sales. Annual house sales are at their highest
level since February 2012 while the number of unit sales is at its lowest
level since April 1999. The number of house sales has increased by 9.6 per
cent over the past year while unit sales have recorded an 11.6 per cent fall.
More than half of all new dwelling approvals across Canberra are for units
rather than houses, it will be interesting to see how strong demand for all
these new units are given the large fall in unit sales over the year.
Rental demand eases over the year with rental rates
falling for houses and units.
House rental rates across Canberra fell by 3.4 per cent over the past year
taking the median rent to $522 per week. Similarly, the median rental rate
for a Canberra unit is currently recorded at $423 per week after rental
rates declined by 6.1 per cent over the year. The rental market conditions
in Canberra throughout the past year were significantly weaker than over
recent years given house rents have increased at an average annual rate
of 2.6 per cent over the past five years and unit rents have increased by
2.0 per cent annually over the same period. With falling rents the typical
gross rental yield from a Canberra home has also fallen over the year.
Gross rental yields for houses have fallen from 4.7 per cent a year ago to
4.4 per cent currently. Similarly, yields for units are currently recorded at
5.2 per cent having fallen from 5.5 per cent a year ago.”