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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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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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The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
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The Australian rental market has reached a point of severe stress, with many referring to current conditions as the "rental crisis". This report identifies key suburbs/areas in each capital city that hold a potential for renters. We have attempted to identify suburbs with a lower median rental price compared to the relevant capital city, as well a…
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A key finding in this report is that most of the affordable and liveable suburbs are well spread out from the Adelaide CBD. These suburbs have the best possible median price growth, while also satisf…
The PRD Affordable and Liveable Property Guides 2nd Half 2019 are available for Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth and Hobart. These guides provide valuable insights and highlight…
A key finding of this report is that the majority (5 out of 6) of the affordable and liveable suburbs are on the north side of the Brisbane River. These suburbs have the best possible median price gr…
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same metho…
A key finding in this report was that units in Canberra were more affordable to residents who wanted to buy in suburbs with high liveability aspects, whereas houses were more expensive. House buyers …
A key finding in this report was that liveability comes at a high price in Perth. A premium percentage of 140% for houses and 60% for units needed to be added to the average Western Australia (WA) st…
In Q3 2019, Coolum Beach recorded a median house price of $667,000, and a median unit price of $423,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -11.9% for houses and a p…
In Q3 2019, Lismore recorded a median house price of $416,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% for houses and a growth …
In Q3 2019, Lismore recorded a median house price of $416,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% for houses and a growth …
In Q3 2019, Caboolture recorded a median house price of $344,000, and a median unit price of $190,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.4% for houses and a pric…
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