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REB Awards training and education program finalists revealed

June 03, 2020Reporter

REB is pleased to announce the finalists for the Training and Education Program of the Year category at this year’s REB Awards. ...

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top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

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Have you experienced sexual harassment or bullying in the workplace?

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Total votes: 19
The voting for this poll has ended on: April 30, 2020
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Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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CoreLogic’s national top 5 suburbs list: both up and down

07 June 2019 Tim Neary

The latest CoreLogic Property Pulse report provides a top five suburb list across each of the states where the total value of sales is the highest, the largest declines in total sales values and what suburbs have actually seen the greatest increase in the value of sales.

The report compares sales over the 12 months ending February 2019 to the same 12-month period in 2018.

Transactional

Across NSW, suburbs in the capital city region of Sydney have seen the largest transactional value declines, with St Leonards topping this list with a significantly lower number of sales year-on-year resulting in a 78.4 per cent reduction in sales value.

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“While the prestigious suburb of Mosman has the greatest total transaction values, with $1.3bn worth of sales over the year to February 2019, this is substantially lower than the same period last year when $1.7bn worth of homes transacted,” the report said.

“To put this into perspective, if the average commission is approximately 1.5 per cent to 3.0 per cent, this would be a shared loss of commission of up to $1m for agents in just this suburb. While Sydney suburbs have recorded quite a decline in the value of sales, regional NSW has a number of suburbs where the total value of sales has doubled over the year.”

Declines

Similar to NSW, Victoria’s capital city region is reporting the greatest declines in the total value of sales, while regional parts of the state have seen the greatest increases.

“Melbourne’s Campbellfield has seen the greatest decline in the value of sales year-on-year, down by 56.2 per cent, while Carnegie comes in close with declines across a larger dollar value, down by 49.7 per cent over the 12 months, resulting in a reduction in transaction value of $179m.

The report found that the regional suburbs of Heyfield and Lucas have seen turnover double over the same period.

“Although with property values much lower across these regions, this makes up a much lower dollar value turnover relative to the capital city regions, particularly in comparison to the lower year-on-year sales values across the highest sales value list.”

Coastal

Regional coastal suburbs of Queensland have recorded the greatest value of transactions over the year, comprising of both Sunshine Coast and Gold Coast suburbs; however, turnover is lower across all regions.

“Although transaction volumes are lower, Noosa Heads has seen the value of properties that have transacted increase by 3.8 per cent,” the report said.

“Contrary to the declines are the capital city suburbs of Spring Mountain and Joyner where the value of turnover is higher over the year to February. Jacobs Well on the Gold Coast and Berrinba in Brisbane have recorded the greatest declines in transactional values down up to 65 per cent.”

City

The report said that across South Australia, the majority of suburbs making up all three lists were situated in Adelaide.

“Of the highest sales value suburbs, Prospect and Mount Barker were the only two suburbs where the total value of sales was higher in February 2019 compared to a year earlier.

“Bowden, however, recorded the greatest uplift, with almost double the value of sales year-on-year. The regional suburb of Risdon Park South saw the greatest reduction in sales values over the past 12 months, down by 47.3 per cent. However, the overall value of properties turning over in this region is lower than the remaining four capital city suburbs in this list.”

Perth suburbs

“Across Western Australia, the Perth suburbs of Treeby, Helena Valley and Wandi have seen the value of sales higher over the year,” the report said.

“Treeby with the total value of sales up by 162 per cent year-on-year is the suburb with the greatest increase. Perth’s Scarborough and Claremont made up the top two highest total value of sales list over the year to February 2019, also being the only two suburbs in the top five list where sales value turnover was higher than the 12 months ending February 2018.”

It also found that Gidgegannup saw the largest decline in total sales value across the state over the year.

Duo

The report found that all three of Tasmania’s top list include suburbs across both regional and capital city parts of the state.

It said the highest total value of sales was Sandy Bay, although the suburb saw a lower turnover value over the year. Lindisfarne in Hobart not only made up one of the highest transactional value suburbs but also the greatest increase in the total value of sales year-on-year, up by 80 per cent.

“The regional suburb of Mowbray saw the greatest decline in the value of sales across the state, although in terms of volumes there was only six fewer sales, indicating substantially lower valued properties transacting.”

Humpty Doo

Across the Northern Territory, the report found that Humpty Doo and Gillen saw the greatest value of sales, higher than figures from a year earlier.

“While Moulden had a lower total dollar value of sales than Humpty Doo and Gillen, the value of sales increased by 88.6 per cent over the year, coming in just above the 86.7 per cent increase in total sales value across Humpty Doo. Desert Springs in regional NT saw half the value of sales over the year compared to one year earlier.”

Lowest

The Australian Capital Territory has actually seen some of the lowest transactional value decline suburbs, according to the report, with the greatest decline seen across Issacs with a 36.8 per cent decline in the value of sales year-on-year.

“While the top two highest value of sales was recorded across Kambah and Ngunnawal, increasing by 8.5 per cent and 5.3 per cent, respectively, over the 12 months to February 2019. In terms of highest percentage value increase, Higgins recorded an increase in the total value of sales of 63.9 per cent in February 2019.”

CoreLogic’s national top 5 suburbs list: both up and down
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