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Residential Research

Discover Knight Frank's Residential Research

Michelle Ciesielski is a Director within the Research and Consulting team at Knight Frank Australia. Based in Sydney she produces all the residential research across Australia and contributes to global reports.

She delivers commentary on established and emerging markets encouraging intelligent investment decisions from early planning in developments, through to balanced insights for property investors. She is a thought leader and is often interviewed for TV and radio, as well as presents and takes part in panel discussions for the likes of the Property Council of Australia, Urban Development Institute of Australia, the Australian Property Institute, ANZ and DesignBuild.

Michelle has over 20 years’ experience in the property industry spanning research, consulting, spatial mapping, location planning, development and valuation. She holds a Bachelor of Commerce in Property Economics, Master in Property Development whilst being a Certified Practising Valuer and an Associate of the Australian Property Institute. She also guest lectures at the University of Technology Sydney and is a member of various committees including the National Property Conference, Kiparra Day and was on the PCA Residential Committee from 2017-18. In short, Michelle is the voice of residential research in Australia.

Michelle has just released the Australian Residential Development Review which looks at the key development drivers across low, medium and high density. With most of the Australian housing market amid correction mode, off-the-back of stricter lending hurdles, developers are now considering other options for the sites such as commercial, hotel and student accommodation. Michelle looks at how this will impact low, medium and high-density housing sectors. The key findings are:

• Residential development site sales tallied to $6.1 billion across Australia in 2018, down 36% in the past year. In 2018, offshore buyers purchased 43% of all development sites, by value.

• Across Australia, high-density site sales ranged significantly from an indicative $40,000 to $198,200/per apartment at the end of 2018; with an average of $86,200/per apartment. New apartment prices ranged from an indicative $5,500 to $13,700/sqm at this time; with an average of $8,200/sqm.

• The trend towards medium-density has tapered back in 2018 as housing becomes more affordable along the east coast. By value, the proportion of Australian medium-density development sites sold was 6.1% in 2018 compared to all sites; down from 11.7% one year earlier.

• Throughout 2018, 47,669 new low-density residential land lots were released across the major Australian capital cities, down 13.8% on the previous year. The weighted median price for a land lot stood at $320,500 in 2018; an annual increase of 6.8%.

 

Residential Market Overview

Hear from our Head of Residential Research, Michelle Ciesielski, as she provides an update on the Australian residential market

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