Roaring Regions - Top 10 Affordable Regional Areas 2024
March 28, 2024, 5:17 p.m.
As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
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Wodonga Property Market Update 1st Half of 2024
Feb. 22, 2024, 11:06 a.m.
In Q4 2023, Wodonga recorded a median house price of $560,000, and a median land price of $225,000. This represents annual (Q4 2022 – Q4 2023) price growth of 8.0% for houses but a softening of -9.4% for land. Annually and quarterly total house sales have increased, to a record high of 95 sales in Q4 2023. This suggests a high demand for houses, c…
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Albury Property Market Update 1st Half of 2024
Jan. 23, 2024, 3:53 p.m.
In Q4 2023, Albury recorded a median house price of $590,000, and a median land price of $260,000. This represents annual (Q4 2022 – Q4 2023) growth of 2.6% for houses and 18.2% for land. On a quarterly basis (Q3 2023 – Q4 2023), median price grew by 4.4% (houses) and 2.0% (vacant land). House sales increased by 7.2% in the past 12 months, but vac…
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Australian Economic and Property Report 2023
Dec. 6, 2023, 4:10 p.m.
Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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