Wide Bay

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Across the Wide Bay region, overall sales are 2% lower year-on-year with 97 fewer sales transacting when compared to February 2018, according to the latest CoreLogic Regional Report.
CoreLogic suggests that Wide Bay was the only Queensland region where both house and unit values increased over the 12 months to March 2019.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/%20https:/www.propertyobserver.com.au/images/2019/6/5/wide%20bay%202.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%202.jpg" alt="">
Source: CoreLogic
Its house values increased by 0.7% over the 12 months to March 2019, while unit values are up 3.8% over the same period.
<img src="https://www.urban.com.au/images/2019/6/5/wide%20bay%203.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/5/wide%20bay%204.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%204.jpg" alt="">
Source: CoreLogic
The average time it takes to secure a sale for homes across the region has improved year-on-year, with the average house selling five days faster, and the average unit selling two days faster over the 12 months to February 2019.
The average vendor discounting levels are similar year-on-year for houses, while for units, the average discount offered to secure a sale has reduced from -7.7% to -6.3% when compared to February 2018.
<a href="https://www.propertyobserver.com.au/images/2019/6/5/wide%20bay%205.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%205.jpg" alt="">
Source: CoreLogic
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j.ballantyne1990-6AQqhLzZaK

House and unit values rise in Wide Bay: CoreLogic

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Median values have remained flat across the Wide Bay region over the past two years, and movements have been minimal over the past 12 months, according to CoreLogic's regional market report.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.38%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.38%20AM.png" alt="">
Detached house values are up 0.7 per cent, while unit values have fallen by 1.2 per cent. Sales activity is also steady over the year, with 5,264 residential homes sold across the region over the year ending May 2016, slightly lower than the 5,335 over the preceding 12 months.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.47%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.47%20AM.png" alt="">
Across the rental market, rental rates have remained flat over the year for houses, at $290/week, while unit rents have risen by 1.8 per cent to $280/week.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.59%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.19.59%20AM.png" alt="">
Indicative gross rental yields across the region have improved slightly over the year, up from 5.6 per cent to 5.7 per cent for houses and from 6.0 per cent one year ago to 6.1 per cent currently for units.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.20.09%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2011.20.09%20AM.png" alt="">
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