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Australia’s property market has proven to be quite unpredictable in the past 24 months. ‘Doom and gloom’ were predicted throughout COVID-19, yet the market flourished. Now, 2022 sees markets within markets, moving in different directions and speeds.
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The PRD First Home Buyers’ Guide 2022 is designed to help you quickly understand what is on offer to first home buyers in Australia.
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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, Ashmore a median house price of $1,001,500, and a median unit price of $627,500. This represents annual (Q4 2022 – Q4 2023) growth of 13.2% for houses and 19.9% for units. On a quarterly basis (Q3 2023 – Q4 2023), median price grew by 8.0% (houses) and 8.9% (units). Total sales decreased by -8.6% for houses and by -33.3% for units in t…
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Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale sin…
The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (…
Queensland (QLD) continues to attract new residents into the sunshine state, with 14,358 people choosing to call it home in the June quarter of 2018. This is a 7.5% increase over the past 12 months, …
Ashmore* recorded a median house price of $586,500 and $334,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -5.4% for houses and -3.5% for units. Compared to…
The future development pipeline is a cause for concern for investors and owners alike, with fears that incorrect stock selection could compound price and cause oversupply issues, due to the increased…
Between 2017 and 2018, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 5.0%, yet the median house price softened by -1.0% to $670,000. The Brisbane LGA unit market …
Queensland’s (QLD) top achievement this quarter was winning the silver award nationally for highest median weekly family income growth at 2.5% in the 12 months to June quarter 2018. QLD can boast a s…
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment inde…
The Ashmore property market record has proven to have a higher annual capital price growth when compared to the Gold Coast City Local Government Area (LGA) in Q2 2018, which suggests that those looki…
Queensland (QLD) takes out the silver award nationally for highest nett migration in the PRD Q3 2018 Key Market Indicator Awards series, recording a movement of 9,174 people as of December 2017. This…
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