March 24, 2021, 5:27 a.m.
PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.
March 9, 2021, 1:39 a.m.
First Home Buyers’ Guide 2021
The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.
Feb. 9, 2021, 5:26 a.m.
Ashmore Property Market Update 1st Half of 2021
In Q4 2020, Ashmore recorded a median house price of $652,000, and a median unit price of $405,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 2.9% for houses and 15.7% for units. Between Q4 2019 – Q4 2020 sales increased by 23.0% for houses (to 75 sales), however units declined by -9.1% (to 50 sales). There is a potential undersupply in the unit market, as indicated by price growth yet lower stock. Current conditions in Ashmore indicate an ideal time to sell, as vendors are achieving final sale prices closer to their expectations and average days on the market declined.
Dec. 2, 2020, 4:29 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Gold Coast
Median property prices in Gold Coast Metro increased by 1.5% for houses to $670,000 from 2019 to 20201 and increased by 3.4% for units to $450,000. Limited stock and high demand have been the major drivers in median price growth for houses, proving resilient throughout COVID-19. The Gold Coast Metro property market has continued to show steady price growth over the past five years, creating confidence. Resilience in median unit price growth indicates excess stock continues to be absorbed, with supply partly halted due to COVID-19.
Nov. 25, 2020, 6:49 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Brisbane
Median property prices in Brisbane Metro increased by 4.3% for houses to $678,000 from 2019 to 20201 and softened by -1.1% to $435,000 for units during the same period. Limited stock and high demand have supported median price growth for houses, showing resilience throughout COVID-19. A softer median unit price is expected, particularly due to the leftover oversupply from late 2016 to 2017.
Oct. 21, 2020, 4:26 a.m.
Shared Living Preferences Of Older Australians
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).
Sept. 9, 2020, 12:15 a.m.
First Home Buyers' Guide 2020
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.
Sept. 3, 2020, 5:12 a.m.
Ashmore Property Update 2nd Half of 2020
Ashmore recorded a median house price of $580,000 and a median unit price of $353,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median price for houses was stable, however units grew by 8.3%. Between Q2 2019 - Q2 2020 sales declined, by -48.3% for house (to 30 sales) and by -53.7% for units (to 25 sales). Current market conditions shows clear signs of resilience throughout COVID-19, as price growth remained stable despite a decline in demand. This is a great opportunity for those looking to enter the Ashmore market.
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.