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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.
July 23, 2018, 6:07 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2018
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to the increased unit supply, confirming a return towards a more sustainable market. Now is the time for buyers to enter the market and capitalise on opportunities of affordability. Prospective houses buyers looking for affordable options should look toward Sydney’s south-western suburbs. A particularly attractive market for investors can be found in Parramatta, which experienced a 20.8% in annual growth and is expecting a further $297.2M of investment in the 1st half of 2018.
May 28, 2018, 4:35 a.m.
Q2 2018 Key Market Indicators – New South Wales
New South Wales has again earned the gold award nationally for most improved number of first home buyer loans in the PRDnationwide Q2 2018 Key Market Indicator Awards. For 2 consecutive quarters NSW has achieved the gold award nationally for most improved number of first home buyer loans, with a 74.9% increase over the past 12 months to the December quarter of 2017. Surprisingly, this result surpasses NSW’ previous achievement in quarter 2 (70.9% increase over 12 months to the September quarter of 2017).
May 24, 2018, 12:15 a.m.
Ramsgate Beach Property Factsheet 1st Half of 2018
The Ramsgate Beach property market continues to show positive capital growth over the past 12 months to Q1 2018, with median house price growing by 0.7% to $1,595,500 and median unit price growing at a stronger rate of 4.2% to $755,500. Compared to the 2nd half 2017 Ramsgate Beach research report positive growth in both median house and units prices has softened (1.9% and 12.6% previously), which indicates a return to more sustainable growth and increased affordability for first home buyers.
May 24, 2018, 12:03 a.m.
Kingsgrove Property Factsheet 1st Half of 2018
The Kingsgrove property market recorded a median house price of $1,300,000 and $614,500 for units in Q1 2018, which represents an annual price change of 3.2% and -3.9% respectively. Over the same period of time (Q1 2017 – Q1 2018), house prices in the combined Local Government Area (of Georges River Council, Bayside Council, and Canterbury-Bankstown Council) changed by -0.7% to $1,150,000 and unit prices grew by 2.4% to $686,000.
May 14, 2018, 12:23 a.m.
Ready, Set, Go Regional 2018
The PRDnationwide ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.
April 27, 2018, 7:11 a.m.
Bexley North Property Factsheet 1st Half 2018
The Bexley North property market recorded a median house price of $1,200,000 in Q2 2018, representing an annual price change of -9.8% (Q2 2017 – Q2 2018). Similarly, house prices in The Bayside Council experienced a contraction of -9.0% to $1,320,000. This is reflective of Sydney’s cooling in property prices, suggesting a return towards a more sustainable market. Now is the time for house buyers to enter the market and capitalise on increased affordability.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 7:15 a.m.
Q1 2018 Key Market Indicators – New South Wales
New South Wales wins the gold award for most improved number of first home buyer loans for the period of September quarter 2016 - September quarter 2017, reporting an extraordinary growth of 70.9%. This is an unexpected result considering the comparative prices between Sydney and other capital cities, however it is an encouraging sign for the state as it shows that current land release and first home buyer policies are working. Furthermore, New South Wales takes out the silver award for the highest number of first home buyer loans for the September quarter 2017, registering 6,775 first home buyer loans.
Dec. 5, 2017, 2:14 a.m.
Q4 2017 PRD Key Market Indicators - New South Wales
Believe it or not… New South Wales’ (NSW) home loan affordability decreased at a slower rate in comparison to Victoria, -1.5% versus -2.0% respectively, over the past 12 months (to June 2017). This is the first time this has happened in 3 years, potentially suggesting a shift in unaffordability in Melbourne and the return of sustainable rate of price growth in Sydney. The PRDnationwide Q4 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRDnationwide Key Economic Indicators cover both national and state level data.