Like Spacious. Independent and unbiased property price tracker.
Free and paid memberships for transparent property market trends and analysis. Team in Brisbane.
We have had a substantial increase in emails asking can we remove property listings that have price decreases or have sold under listing. We are not removing them as this is public information.
Seems like fear setting into the market, given most areas are on a downwards trend
Just had another agent from Melbourne asking to take down a property that hadn't sold and didn't want people to see the reduction in listing price. Saying "I can't understand why it's on your site" because it's in the public domain and therefore public. It's called transparency.
Melbourne house prices are bouncing back with the strongest quarterly growth in two and a half years. The values of homes in some suburbs have soared by more than 20 per cent but unit prices have taken a hit.
@MelinaSarris7
#7NEWS
More and more requests coming through to remove sold properties from our site as they don't want to show their reduced sale price.
First point, this is good news as we are getting more and more visibility, and competing with the big corporates. The second, it's public
The fact people are celebrating an annual increase in inflation from 3.6 to 3.8 shows the bias out there in the market. We will remove all bias and bring you property market transparency. Our new members area to launch very soon!
#inflation
#rba
The property listing map of
#Melbourne
, so many -20% decreases (black) and -10% (dark red) on the original listing price. The decline continues and it is not slowing down.
See more at
#realestate
#auspol
Funny that we have a few agents demanding that we remove listings from our site (when they are public records) as they don't like the price transparency.
A friend reached out to us and asked should I buy:
- House to buy is $1.1m with a deposit of $200k.
- Stamp duty and costs $40k
- Needs $940k home loan at say 6.44%
- Repayments $6k per month
Currently rents the same property for $3,250 a month and gets $833 per month in
Sold for $930k in 2022 and now back on the market for offers over $900k, started at $1.05m
Plenty of examples in our selling under section of property selling under last sold price. Not many people talk about it but we will show you the facts.
Also so many companies/people in Australia are connected with the property lobby in some way. Spachus is truly independent and serves the people. We are just a small team trying to make a difference in a biased world.
Further comment, the emails also say that they have contacted their real estate agent asking for them to take the listing down. Our site is independent of the real estate industry and our big selling point.
There are currently 751 property listings in
#Melbourne
for sale under the last sold price. The most we have ever recorded for one city.
#sellingunder
#realestate
Another one in
#Hobart
:
- Sold in Oct 2021 for $2.225m
- Listed for $2.35m
- Now reduced to $1.7m (28% discount)
- Difference from last sold price - $525,000!
Lots of fake stories and comments about interest rate cuts in Australia. We are the last to raise and will be the last to cut.
Could it be that people are worried about the huge amount of debt in the system and people already struggling?
We are honoured to have so many great people supporting Spachus and the 100k impressions on our median house price post.
The next few months are going to be amazing and with even more transparent data and our new members area.
Cheers, Spachus Team
Places like this have dropped in price across
#Melbourne
, from $990,000 to $770,000. That's a 22% drop to a realistic price.
We see this happening to the Brisbane area in future, as prices are out of control.
Looks like the steam has come out of the property market with the exception of
#Perth
.
Last 3 months:
#Brisbane
, people are no longer paying over the listing price.
#GoldCoast
is selling a median $5,000 under.
#SunshineCoast
is now $10,000 under.
#Sydney
now $12,000 under.
A
Also, the requests are "please remove as a matter of urgency". I think we have more priorities than your request, like building features for our users to see more transparent data.
Fact check: A media example of pumping the property market, the 90% stats come from REIWA.
It's actually 66% and a median of $11,000 over, see our website.
The Greens just secured new laws to stop investors hoarding homes on Airbnb for profit - freeing up housing in Victoria for renters and first home-buyers.
These include a property investor levy and new powers for local councils and owners corps.
Next step: rent freeze!
Interesting how the suggestion of property prices falling has such a big negative reaction. Unless you bought recently (last 18 months) then you have nothing to worry about. The median property gain is $250,000.
Most areas in Aus are selling below listing price and this has
#Ballarat
:
Sold for $870k in April 2022
Listed $820k
Reduced to $770k
Difference: -$100k loss minimum
20 listings found selling under the last sold price.
#Newcastle
penthouse apartment:
Sold in Dec 2017 for $2.15m
Listed for $1.8m
Reduced to $1.485m
Potential property loss: -$665k 🤯
Stamp duty est: -$100k
#realestate
#auspol24
Cooling of the market:
#Brisbane
has gone from selling $23,000 over listing price in the last 6 months to now only $1,000 over. Median sold price is $850,000.
See more at
#realestate
#property
Sold for $6.55m in March 2022
Listed at $6m
Reduced to $5.25m
Difference: -$1.3m loss
Owners will keep and rent out their 'investment' is not sold before 1st September.
@TheKouk
@kouk
How do you know how much experience we have? Never assume. We each have 20 years of IT and real estate experience, more agile than the big corporates and able to build things quickly and much cheaper than an expensive team. Also didn't Apple start from a garage/bedroom?
Family forced to sell three of four properties as rates rise.
"The nation’s property market is about halfway through a $350 billion wave of home loans moving from fixed to more expensive variable interest rates, according to RBA research"
We love this comment "In a year or two years’ time it probably would have been quite out of reach, hence why we tried to get in now."
Isn't it out of reach at the moment?
@alexlykos
Thank you, here for the people. Australia needs available and unbiased real estate data. Also we need more small companies to challenge the big corporates.
Property sales in
#Newcastle
:
- 77% selling under listing.
- -10 to -20% reductions.
Also many regional areas have been hit hard over the last 3 months. See our sold dashboard.
#Melbourne
sold stats for the last 3 months:
- Median Listing Price: $780,000
- Median Sold Price: $755,500
- Difference: -$24,500
71% of property is selling under listing and compared to the last 6 months is accelerating downwards.
Our new sold dashboard is in our Spachus
#Geelong
sold map over the last 6 months:
- Median listing price: $739,000
- Median sold price: $686,000
- Difference: -$53,000
Dark red is -10% to -20% listing price decrease.
Thanks to our loyal fans, you keep us going. Onwards and upwards.
A very small minority of people challenge data without their own set of data to compare. They 'feel' or have 'been told' something.
At Spachus we are here to collect the data, analyse and simply be transparent
"Property sellers are dropping their prices – if you know where to look"
Yeah that great website Spachus, always ahead of the curve.
#auspol
#auzbiz
@FendiT76
Responding to comments, here is another view of median 'house' prices only (excluding apartments, land etc) across Australia:
1 - $1,825,000 - Sydney
2 - $1,419,429 - Sunshine Coast
3 - $1,337,500 - Gold Coast
4 - $1,153,500 - Canberra
5 - $1,125,000 - Wollongong
6 -
We are having one of our best weeks at . Our weekly visitors have increased significantly to around 20,500. We also google rank now with the big corporates.
We have some major features lined up for January and February:
- Detailed suburb analysis
-
People are shocked about
#Inflation
slowing and becoming sticky. It has been pretty obvious given the amount of people still spending in restaurants and shops. Still lots of disposable income out there.
Another rate hike to come.
#rba
#Sydney
getting big price drops for recently listed property under 20 days. We haven't seen these numbers since we began recording data in June 2022.
See more at
Hi All, just finished the live show with Martin North
@DFA_Analyst
. Thanks so much to Martin and those who tuned in.
The site is back online now after a short outage. Our 3rd party software (cloud flare) thought the unnatural spike of traffic was an attack and by design decided
#Melbourne
#property
being hit by the most -20% decreases (black dots) we have seen since June 2022.
Also currently 210 properties selling below previous sold price.
See our heat maps at
Interest rates look in the normal range and there won't be any cuts in the short term. I think a lot of people forget we are not even close to the
#inflation
target of 2.5%. This means more long term pain for the over leveraged.
#RBA
#Nocuts
#InterestRates
Very humbled by all the support and love that Spachus has received over the past few months.
We promise that more features, free and paid are to come. Starting with our Spachus Professional members area, let us do the property hunting for you using our smarts. Also detailed
Property sold stats for the last 3 months are in the red:
Main Cities Selling Under:
Adelaide - 62% at a median -$19,000
Canberra - 53% at -$5,000
Melbourne - 67% at -$20,000
Sydney - 54% at -$10,000
Regional Selling Under:
Ballarat - 98% at a median -$50,000
Geelong - 94%
The rental market is crazy, quick go out and buy a property the media will tell you. An alternative would be to use Spachus and track the decreases as most places in Aus are selling under listing. See our sold dashboard:
Sydney's rental madness has hit a new low, with an enclosed balcony in the city advertised for more than $350 a week. Authorities are launching an investigation, as experts warn Sydney's housing crisis is only going to get worse.
@PaulKadak
#7NEWS
@Itzkizz3
@solo_dio_
@parrapower2022
Unusual for this time of year, people may be starting to sell off as they believe it's the top of the market and a possible interest rate rise. We will do some further analysis.
We had three enquiries recently of people wanting their listings taken off the site. They don't want to show their last listing price as the property has been removed and no longer for sale.
We have deactivated the listings, however this is a public record and allows a buyer to
Excited to be back talking with Martin North
@DFA_Analyst
tomorrow evening on his Tuesday live show. The last time we spoke, Spachus had just launched and it's come so far since then. Hope you can join the show to hear what we have coming over the next few months.
We have seen comments recently about the whole
#property
market still pumping. Here is our unbiased view:
#Perth
,
#Brisbane
&
#Adelaide
- Yes, they are all selling over listing price. Everywhere else is selling under listing. We have the clear facts on our website.
Don't
This property in Springwood
#Brisbane
has been reduced 25%, from $1.1m to $850k. Now the listing says 'Distressed seller' although it was last sold in 1991 for $85k.
In 28 days we have received 404,000 impressions on this platform. Thank you for sharing Spachus. We have some awesome features to come soon. Providing you even more transparent real estate data.
We have been working hard to get you even more property information. A big data dump to come this week.
Also we are reviewing the price withheld properties and will open these up to our free and paid members to crowd source. (Idea from a loyal subscriber)
"The bank must use its "blunt" tool of interest rates to hammer out inflation"
5% here we come and what will be the impact on house prices? We will be tracking them all the way.
#Sydney
has 70 properties selling under the last sold price. The example below was sold in March 2022 for $4.38m and now reduced to $3.95m. The headline is "Priced to sell".
We are tracking the original listing price to sold price, here are some quick stats, dashboard to come soon.
#Brisbane
:
58% of property are selling under listing price
10% sell for the listing price
32% are selling above asking price
Median sale price is -$9,000 under listing
#Brisbane
Vs
#GoldCoast
property market:
Brisbane:
- 11.9% of property has been reduced from the original listing price.
- Sharp increase in listings over the past month
- 50% selling over listing price
- South Brisbane has the most price change
GC:
- 16.4% of property been
This owner bought in 2020 for $3.1m and then recently listed for $4.25m. Wanted to make a cool million, didn't sell and it is now rented for $2,000 a week.
From ours stats, expectations getting reset all over Australia.
Thank you to all our followers, we have now reached 3000! 🥳 🎉
Over the next few months we are aiming to roll out the following:
- An overall state of the market dashboard providing key indicatiors
- Expansion across all of Australia
- Searchable sold data
- Map enhancements
At Spachus we believe the
#property
market should be totally transparent for buyers and sellers.
We will keep adapting our platform to show you details that others don't want you to see i.e. decreases, last listing price, accurate suburb performance and Spachus user comments on
To give you even more property market transparency, we will soon be releasing our new agent stats section. This will provide total sales, median listing and sold prices for every tracked agent.
keeps growing:
- 311,000 tracked properties
- 5,251 members
- 52,000 website views per month
- 6,672 X followers
- 622,000 impressions on X in 28 days.
We are now opening up to advertisers and our site can tailor ads to your target audience. If you
We now have a section for sold properties by city, to compare the sold to the original listing price. Updated daily and more features to come. See more at
We are noticing a shift in
#Sydney
listing prices. From an average decrease of -1.29% (lowest in months) to -2.3% in one month. Also our map has more dark red and less green.
See property trends at
#auspol
#realestate