Annerley Home Value Hits $711,000

The REIQ recently reported the latest housing market statistics which showed median house price in Annerley hitting $711,000, sliding -1.3% over the last 12 months but jumping by 35.8% over the last 5 years. There were 22 houses sold during the 2nd quarter of 2018 in the suburb.

“We are currently experiencing very strong activity currently in the Annerley house market,” says Geoff Sellars of Ray White Annerley.

“There is an oversupply of buyers and a shortage of homes listed for sale. Open home numbers have been strong and resulted in many owners achieving above expectations with a number of exceptional sales recently. Units are still proving to a tighter market but those well-priced, well-presented properties still selling. We are starting to see signs of days on market lengthening compared to this time last year.”