Halls Head’s market remained steady in August with prices continuing to climb despite fewer sales and
limited rental supply across the suburb.
SALES
There were 21 residential sales recorded during the month which was down slightly from July and 36.4
percent lower than the same time last year. The median house price rose to $790,000 reflecting an annual
increase of 12.9 percent.
LISTINGS
Listings increased to 27 properties for sale at the end of August which is 3.8 percent higher than last year.
While supply has lifted slightly the market remains competitive due to ongoing buyer demand.
LAND
Land activity was minimal with only a small number of sales recorded. The median land price rose to
$570,000 based on limited transactions. Five blocks were listed for sale by month’s end.
SALES TIME ON MARKET
Homes sold quickly with a median of just 9 days on market which is three days faster than July and still well below long term averages. Land settled in a median of 11 days
RENTALS
RENTALS
Rental activity slowed with 17 leases signed in August. The median rent for houses remained steady at $640 per week maintaining its 6.7 percent annual growth.
RENTALS TIME ON MARKET
There were 12 properties listed for rent at the end of August. Homes leased in a median of
20 days suggesting continued rental demand despite lower volumes.
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