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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.
March 12, 2019, 7:12 a.m.
Bendigo Property Factsheet 1st Half of 2019
The median house price in Bendigo was $374,000 in Q4 2018, which represented annual (Q4 2017 – Q4 2018) median price growth of 6.9%. During this timeframe the number of houses sold declined by -24.3%, which suggests an undersupply of houses. On the other hand, the median unit price in Bendigo softened by -4.4% over the past 12 months to Q4 2018 to $258,000. During this time, the number of units sold declined by -35.0% which suggests that the market is saturated and that there is a strong preference towards houses.
March 5, 2019, 1:34 a.m.
Manufactured Home Estates: An Affordable Retirement Option?
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 (ABS), during 2016 there were 3.7 million Australians aged over 65 years, representing 15% of the population. This is a significant increase from the 1976 ABS figure of 1.3 million people aged over 65 years, representing only 9% of the population.
Feb. 17, 2019, 11:02 p.m.
Q1 2019 Key Market Indicators – Victoria
Victoria (VIC) continues to prove itself as “the winning state” as we enter 2019, earning the highest number of gold awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards. VIC earned gold awards nationally for: highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, highest growth in median weekly family income, and highest nett migration.
Dec. 7, 2018, 12:53 a.m.
Bendigo Rental and Investment Report 2nd Half 2018
The Bendigo rental market continues to serve investors well, particularly for houses. Median house rental price increased by 7.0% over the past 12 months to Q3 2018, to $320 per week. During this time the number of houses rented also increased, by 64.0%. This suggests real growth in investment returns and that median house rental price increase was not due to a scarcity in the market. Average days on market for have declined, by -7.0% for houses and by -22.0% for units. This suggests there is now quicker uptake of rental properties, which is good news for investors and confirms Bendigo as an investment hotbed.
Dec. 3, 2018, 4:51 a.m.
Melbourne - Affordable & Liveable Property Guide 2nd Half 2018
Melbourne Metro house median price experienced a softening of -8.1% from 2017 to 2018, median unit prices softened at a more moderate rate of -2.6%. House and unit buyers looking for affordable options should target the north-east and south-east.
Nov. 21, 2018, 5 a.m.
Q4 2018 Key Market Indicators – Victoria
Victoria (VIC) has proven itself to be a top performer in 2018, earning the most medals in the PRDnationwide Key Market Indicators Q4 2018 Awards, and positioning itself as a market leader in many areas. It’s most notable achievement is in the first home buyer loans category, where VIC took out two medals nationally, a gold award for highest number of first home buyer loans and a silver award for the most improved number of first home buyer loans.
Nov. 21, 2018, 4:39 a.m.
Q4 2018 Key Market Indicators
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 index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.
Aug. 27, 2018, 6:51 a.m.
Q3 2018 Key Market Indicators – Victoria
Property prices in regional Victoria (VIC) increased by 6.5% over the past 12 months to the 1st half of 2018, as recorded in the PRDnationwide Australia Economic and Property Report 2018. The same report indicated a -1.6% and -0.5% decline in property prices in VIC’s capital city and metro areas respectively. Overall the combination of the above price movements has resulted in positive property price growth.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.