There was a small increase in the median house price, but caution is needed in calculating unit median because of low sale numbers, says L J Hooker boss Doug Fraser. ERWIN CHLANDA reports. Photo: New houses going up in Kilgariff.
The vacancy rate has dropped to 2% and the Housing for Real Growth Scheme was a winner, says prominent real estate figure Doug Fraser (pictured). But more government funds are needed to satisfy the increased demand for subsidised rentals. ERWIN CHLANDA reports.
And as for the year ending June 30, the local L J Hooker boss Doug Fraser says there was a marked increase in the number of houses sold but unit sales were at the lowest rate since the company started to keep records. PHOTO: Araluen, where in the June quarter 13 houses were sold but the prices dropped 17% from the March quarter, while next-door in Gillen there was the same number of sales but prices rose 2.4%.
Slight increases in prices for residential properties but abnormally high vacancy rates in the retail, commercial and industrial sector – that's where the Alice Springs real estate market is at, according the L J Hooker's Doug Fraser. ERWIN CHLANDA reports. PHOTO: Google Earth image of the industrial area and the CBD, bottom right in the picture.