Australian Economic and Property Report 2023
Dec. 6, 2023, 4:10 p.m.
Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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Bexley North Property Market Update 2nd Half 2023
Dec. 5, 2023, 1:55 p.m.
In Q3 2023, Bexley North recorded a median house price of $1,700,000, and a median unit price of $680,000. This represents annual (Q2 2022 – Q2 2023) median price growth of 16.0% for houses and a minor price softening of -0.4% for units. Total sales increased between Q2 2022 – Q2 2023, by 1.7% to 60 sales for houses and by 32.6% for units to 61 sa…
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Beverly Hills Property Market Update 2nd Half 2023
Dec. 5, 2023, 1:59 p.m.
In Q3 2023, Beverly Hills recorded a median house price of $1,427,500, and a median unit price of $600,000. This is annual (Q3 2022 – Q3 2023) growth of 5.2% for houses and 5.7% for units. Sales decreased between Q3 2022 – Q3 2023, by -2.0% (to 50 sales) for houses and remained stable for units (at 34 sales). Median house and unit prices did see a…
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Ramsgate Beach Property Market Update 2nd Half 2023
Dec. 5, 2023, 2:03 p.m.
In Q3 2023, Ramsgate Beach recorded a median house price of $1,817,000, and a median unit price of $765,000. This represents annual (Q3 2022 – Q3 2023) softening of -6.8% for houses and a growth of 12.5% for units. Sales increased between Q3 2022 – Q3 2023, by 21.7% (to 56 sales) for houses and by 22.1% (to 160 sales) for units. Current economic c…
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