Nov. 27, 2019, 5:58 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Melbourne
A key finding in this report is that most of the suburbs are spread across the north side of the Melbourne CBD. These suburbs have ticked the right boxes in relation to the best possible affordability, whilst also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. As Melbourne’s property market starts to head towards a recovery, there are ample affordable suburbs for first home buyers to take advantage of before prices start to surge.
Nov. 11, 2019, 6:19 a.m.
Q4 2019 Key Market Indicators – Victoria
ictoria (VIC) has earned a gold award nationally in the Highest Nett Migration category in PRD’s Q4 2019 Key Market Indicator Awards, recording an additional 35,227 people in the March quarter of 2019. This represents a 0.9% growth in the past 12 months.
Sept. 3, 2019, 4:56 a.m.
Metro Strata Report 2019
With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.
Aug. 28, 2019, 7 a.m.
Q3 2019 Key Market Indicators – Victoria
Victoria (VIC) proved itself to be an extremely attractive state for investment, earning five gold awards nationally in the following categories of the PRDnationwide Q3 2019 Key Market Indicator Awards: highest number of first home buyer loans, most improved home loan affordability growth, highest number of dwelling approvals, highest weekly median family income growth, and highest nett migration.
Aug. 26, 2019, 5:15 a.m.
Ballarat Property Factsheet 1st Half of 2019
In Q1 2019 the Ballarat property market continues to reflect a strong market, with median house price growing by 12.4% over the past 12 months (Q1 2018 – Q1 2019) to $427,250. Within the same timeframe median unit price grew by 11.3%, to $285,000. Compared to Ballarat 2nd half 2018 Research Factsheet, which recorded an annual (Q3 2017 – Q3 2018) median price growth of -3.4% (house) and 13.8% (units), house values have strengthened whereas units have remained resilient.
June 27, 2019, 5:20 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2019
The Melbourne Metro house median price slightly softened by -0.4% between 2017 and 2018/20191, whereas the median unit price remained resilient, growing by 1.7% during the same time frame. Although a softening in the housing market was predicted, further growth in the unit market was not. Affordable house and unit options can be found in the north, south and east of Melbourne Metro, which opens the market up to more first home buyers.
May 20, 2019, 5:56 a.m.
Q2 2019 Key Market Indicators – Victoria
Victoria (VIC) leads the nation for first home buyers, achieving a gold award nationally for the highest number of first home buyer loans in the ‘PRDnationwide Q2 2019 Key Market Indicator Awards’, with 8,855 loans approved between the December quarters of 2017-2018. Interestingly, this represented a decline of -10.5% during the timeframe, however much of this is attributed to increasing prices in Melbourne and its immediate inner areas, as well as tighter home mortgage lending policies introduced by banks in the 2nd half of 2018.
May 20, 2019, 4:43 a.m.
Q2 2019 Key Market Indicators
Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.
March 26, 2019, 10:41 p.m.
Creswick Property Factsheet 1st Half of 2019
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It should be noted that just 3 land sales occurred in Q4 2018, which has caused a significant shift in median price. This is thus not viewed as an accurate portrayal of the current value of land in Creswick. Compared to the Creswick 2nd Half 2018 Property Factsheet, which showed annual (Q2 2017 – Q2 2018) growth of 4.6% (house) and -7.1% (land), houses in Creswick have strengthened in value, whilst land has become more affordable.
March 24, 2019, 11:29 p.m.
Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019
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 since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.