Property Panther
November 15, 2023

Postcode: 2018, NSW - Sale Price Report

Posted on November 15, 2023  •  5 minutes  • 903 words
Property analysis sections

Welcome

Welcome to the Property Panther 2018 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.


Who is this useful for?

Home Buyers:

Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.

Investors:

Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.

Sellers:

Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.


Location Overview

Welcome to the vibrant postcode 2018 in NSW, where the suburbs of Rosebery and Eastlakes offer a dynamic housing market and an attractive lifestyle. With a range of diverse housing options and an abundance of local amenities, this bustling area caters to the needs of modern property buyers, making it an exciting destination to explore in the 2018 sale market.

Last Month Property Summary

In 2018 in NSW, there is a shift towards a buyer’s market as the median days on market increased from 32.5 to 52.0 and the median sold price also increased from $941,725.5 to $1,485,000.0, while the number of new sold listings decreased from 22 to 18.

52▲60%Median Sold Days on Market18▼−18%Sold Properties$1.5M▲58%Median Sold Price

Property Type Breakdown

In postcode 2018 in NSW, Australia, apartments or units dominated the property stock with a whopping 76% of sale listings, making it an attractive option for those seeking a low-maintenance urban lifestyle.

76%17%5%2%
Apartment / Unit / FlatHouseTownhouseOtherLive Sale Listings by Property Type

Property Demand - Time On Market

Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.

Time On Market - Overall

This chart shows how many properties were sold in postcode 2018 during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.

1015202500.511.52
Range of Days on MarketDays on MarketProperties Sold

The average monthly change in the Days on Market for properties in postcode 2018 during the period shown below was 1 days.

This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.

Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023010203040506070
Property Median Sold Days On MarketMonthProperty Median Sold Days On Market

Time On Market - By Property Type

051015202500.511.52
Days on Market by Property TypeDays on MarketProperties Sold

Jan 2022Jul 2022Jan 2023Jul 2023050100150200
ApartmentHouseUnitProperty Median Sold Days On MarketMonthProperty Median Sold Days On Market

Time On Market - By Suburb

20 – 20
20 – 20
20 – 21
21 – 21
21 – 21
21 – 21
21 – 21
21 – 22
22 – 22
22 – 22

Property Transaction Volume

Transaction Volume - Overall

Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023051015202530
Properties SoldMonthProperties Sold

Transaction Volume - By Property Type

Jan 2022Jul 2022Jan 2023Jul 2023024681012141618
ApartmentHouseUnitProperties SoldMonthProperties Sold

Transaction Volume - By Suburb

4 – 4
4 – 4
4 – 4
4 – 5
5 – 5
5 – 5
5 – 5
5 – 6
6 – 6
6 – 6

Property Price

Price - Overall

This chart shows the distribution of property sale prices in postcode 2018 during the month of September. Each bar in the chart represents a range of prices for properties sold.

0.6M0.8M1M1.2M1.4M00.511.52
Range of Property Sold PriceSold PriceNumber of Properties

The average monthly change in the median sold price of properties in postcode 2018 during the period shown below was $-5870. The trend shows a decrease in the median sold price over time.

Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 202300.2M0.4M0.6M0.8M1M1.2M1.4M1.6M
Property Median Sold PriceMonthProperty Median Sold Price

Price - By Property Type

0.7M0.8M0.9M1M00.511.52
Property Prices by Property TypeProperty PriceProperties Sold

Jan 2022Jul 2022Jan 2023Jul 202300.5M1M1.5M2M2.5M
ApartmentHouseUnitProperty Median Sold PriceMonthProperty Median Sold Price

Price - By Suburb

$663,500 – 693,025
$693,025 – 722,550
$722,550 – 752,075
$752,075 – 781,600
$781,600 – 811,125
$811,125 – 840,650
$840,650 – 870,175
$870,175 – 899,700
$899,700 – 929,225
$929,225 – 958,750

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