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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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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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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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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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Area Characteristics Sydney's Lower North Shore is known for its peaceful and leafy suburbs. The Lane Cove and Willoughby LGAs are bordered by Sydney Harbour in the south and Lane Cove River in the w…
The purpose of this Hotspot report is to identifies suburbs of Brisbane that have the potential to perform over the coming year. Suburbs have been chosen based on current pricing levels, infrastructu…
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