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PRD Real Estate - Your Home Of Property Research Knowledge
Dec. 10, 2020, 6:16 a.m.
Ramsgate Beach Property Update 2nd Half of 2020
In Q3 2020, Ramsgate Beach recorded a median house price of $1,500,000, and a median unit price of $712,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 18.7% for houses and 7.5% for units. Between Q3 2019 – Q3 2020 total unit sales increased by 20.2% (to 131 sales), while houses remained steady with 46 sales. Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Ramsgate Beach, thus creating an ideal market for real estate transactions.
Dec. 8, 2020, 6:21 a.m.
Kingsgrove Property Update 2nd Half of 2020
In Q3 2020, Kingsgrove recorded a median house price of $1,150,000, and a median unit price of $609,500. This represents annual (Q3 2019 – Q3 2020) median price growth of 0.4% for houses and a minor price softening of -1.7% for units. Between Q3 2019 – Q3 2020 sales slowed, by -8.3% for houses (to 122 sales) and by -6.7% for units (to 70 sales). Median prices have shown relative stability despite COVID-19 conditions, and a slowdown in market activity. This creates a good opportunity to transact property in Kingsgrove.
Dec. 8, 2020, 5:52 a.m.
Bexley North Property Update 2nd Half of 2020
In Q3 2020, Bexley North recorded a median house price of $1,240,000, and a median unit price of $682,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.9% for houses and of 12.0% for units. Between Q3 2019 – Q3 3030 total house sales increased, by 45.7% to 51 sales, while units slowed by -24.4% to 31 sales. Growth in median house price and increasing sales suggest real capital growth in the area, in contrast to general COVID-19 predictions. There is potentially an undersupply of units in Bexley North. Now is a good opportunity to transact in the market.
Nov. 25, 2020, 6:19 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Sydney
Median property prices in Sydney Metro increased by 7.2% for houses to $1,630,000 from 2019 to 20201 and increased by 3.2% to $795,000 for units during the same period. By comparison, from 2018 to 2019 the median house price in Sydney Metro softened by -4.2%, and the median unit price softened by -3.5%. Sydney Metro’s median price growth is in contrast with COVID-19 predictions, which solidifies its market strength.
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, 4:57 a.m.
Beverly Hills Property Update 2nd Half of 2020
In Q2 2020, Beverly Hills recorded a median house price of $1,217,500, and a median unit price of $756,500. This represents strong annual (Q2 2019 – Q2 2020) median price growth of 25.2% for houses and of 41.4% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -28.3% for houses (to 33 sales) and by -53.8% for units (to 12 sales). Beverly Hills property market price growth has proven to be extremely resilient during COVID-19, and with few competing properties now is the time to transact in the 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.
July 7, 2020, 3:18 a.m.
Beverly Hills Property Update 1st Half of 2020
Strong capital growth and an increase in market activity suggests now is the time to buy and sell in Beverly Hills.
July 7, 2020, 2:58 a.m.
Ramsgate Beach Property Update 1st Half of 2020
A rapid increase in median house price growth paired with limited sales suggest a potential undersupply, thus now is an ideal time to sell in Ramsgate Beach.