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July 29, 2020, 4:03 a.m.
Australia Economic and Property Report 2020
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.
June 24, 2020, 4:13 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Brisbane
The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and median house prices grew by 1.5%, to $690,000. The number of units sold increased by 13.9%, however the median unit price softened by -1.5% to $450,000. These patterns are similar to Sydney and Melbourne, which also recorded a decline in median unit prices.
May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Nov. 27, 2019, 5:06 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Brisbane
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 growth while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. In the previous 1st Half 2019¥ report, suburbs were spread throughout Brisbane, which suggests that there are now limited options.
Nov. 12, 2019, 4:44 a.m.
Agnes Water Property Market Update 2nd Half of 2019
In Q3 2019, Agnes Water recorded a median house price of $327,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 5.6% for houses and a price softening of -33.1% for units. At the same time, total sales slowed for Q3 2019, down by -15.4% for houses to 11 sales and by -52.9% for units to 8 sales. There is potentially an undersupply of houses on the market, indicating a good time to sell.
Nov. 11, 2019, 5:40 a.m.
Q4 2019 Key Market Indicators – Queensland
Queensland’s (QLD) home loan affordability index reading was 35.5 points in the June quarter of 2019, which held relatively steady compared to the June quarter of 2018 (35.6 index points). QLD remains the most affordable state compared with New South Wales (NSW) at 26.9 index points, Victoria (VIC) at 30.7 index points, and the Australian average at 32.2 index points.
Sept. 26, 2019, 2:35 a.m.
Agnes Water Property Factsheet 1st Half of 2019
Agnes Water recorded a median house price of $400,000 and $300,000 for units in the 1st half 2019. These figures represented an annual (1st half 2018- 1st half 2019) price strengthening of 1.9% for house and 7.7% for units. Compared to the Agnes Water 2nd half 2018 Research Factsheet, which reported an annual (2nd half 2017- 2nd half 2018) median price change of -1.0% (house) and 3.0% (units), properties in Agnes Water have strengthened in value, particularly for units.