Valuations - December 2019 - News from BrickX

BrickX properties are independently revalued every six months. The valuations for July 1, 2019 – December 31, 2019, are in. See our previous valuations here.

Quick Snapshot

It’s been a time of recovery for the Australian property market over the past six months driven by interest rates cuts and “weak” supply^[1] throughout the period. According to the CoreLogic Home Value Index, Australia has demonstrated a recovery with growth of 2.30%. Overall, the BrickX properties have grown between 0% and 6.53% over the period with the majority of our properties in Sydney and Melbourne reporting no change in valuation in the last six months (see the detailed table below). This may be a reflection of the valuation methodology (refer note below) as price improvements and market precedents are still emerging in the suburbs that our properties are located within.

Market Outlook

Looking forward, we are expecting the property market to continue its recovery, led by the capital cities, with SQM predicting double-digit gains in both Sydney and Melbourne over 2020^[2].

Summary Property Performance – December 2019

The Valuation Method – BrickX engages an independent, external valuer for our valuations every six months. Our valuations providers uses a direct comparison method utilizing comparable evidence for all properties in our portfolio. This means that valuations are based on historical sales of properties with similar characteristics in the same suburb over the period.

Valuations by Property (December 2019)

The Valuation Method – BrickX engages an independent, external valuer for our valuations every six months. Our valuations providers uses a direct comparison method utilising comparable evidence for all properties in our portfolio. This means that valuations are based on historical sales of properties with similar characteristics in the same suburb over the period.

Valuations by Property (December 2019)