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More Videos by PRDnationwide
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.
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 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.