Good morning, good afternoon, or good evening, depending on what time you’re watching this video. My name is Rachael Goldsworthy, and I’m just checking in with you on the drive home to Hawkesbury, in a different location from Queensland today. Last week I was lucky enough to catch up with Dr. Andrew Wilson from the Domain Property Group. He was kind enough to share his thoughts on the June quarter, and I thought that they’re really interesting, and I thought I’d share them with you. The Sydney median house price is edging closer to that million dollars, so that’s quite exciting for us. It’s at 995,804. Units, interestingly enough are a little bit shy of that number at 656,166.
The overall of the snapshot is that we are experiencing a lower number investors in the marketplace. Equally, we’ve got historically, the lowest interest rates that we’ve ever experienced. It’s really interesting, yet again, that the investors make up 44.3% of the marketplace, and that Parramatta is experiencing a higher vacancy rate than most. The vacancy rate across Sydney is 1.8 for houses, and it’s actually 2.2 for units. Sydney yield cycles, for Sydney are 4.1, and equally houses is 3.3. The outlook for the remainder of this year is good news for the property market with the lower interest rates predicted, and equally a 2% growth forecast.
I’m going to leave you with some local images from the Scenic Rim with the hot air balloons rising in the background, which landed in one of the local vineyards and had some breakfast there. Equally you can do that in the Hawkesbury. It’s a great thing to do. Cloud Nine run the hot air ballooning in the Hawkesbury. If you have any questions in regards to the Hawkesbury property or any of the reports, or the details of the reports I’ve given you, more than happy to chat about property. Look forward to hearing from you soon.
I’m Rachael Goldsworthy, and I look forward to catching up with you then.