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June 22, 2021, 6:19 a.m.
Ramsgate Beach Property Market Update 1st Half of 2021
In Q1 2021, Ramsgate Beach recorded a median house price of $1,800,500, and a median unit price of $764,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 19.2% for houses and 14.9% for units. Between Q1 2020 – Q1 2021 total sales increased, by 78.6% for houses (to 50 sales) and by 37.8% for units (to 135 sales). With median prices rising even amidst increasing sales activity, there is real returns in capital growth in Ramsgate Beach. Now is an ideal time to transact in Ramsgate Beach, particularly those looking to sell their home.
June 22, 2021, 6:16 a.m.
Kingsgrove Property Market Update 1st Half of 2021
In Q1 2021, Kingsgrove recorded a median house price of $1,525,000, and a median unit price of $620,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 18.7% for houses and a price softening of -3.9% for units. Between Q1 2020 – Q1 2021 total sales improved strongly, by 44.2% for houses (to 137 sales) and by 54.8% for units (to 108 sales). Median price growth and increased sales suggest real returns in capital investment in the housing market, whereas units have become slightly more affordable for first home buyers in Kingsgrove. Now is the time to transact in the market.
June 22, 2021, 6:12 a.m.
Beverly Hills Property Market Update 1st Half of 2021
In Q1 2021, Beverly Hills recorded a median house price of $1,285,000, and a median unit price of $797,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 14.7% for houses and 27.5% for units. Between Q1 2020 and Q1 2021 total sales increased, by 28.2% for houses (to 50 sales) and by 95.5% for units (to 43 sales). With median price growth occurring in conjunction with increased sales activity in both markets, there is real returns on capital investment in Beverly Hills. Now is the time to transact in Beverly Hills, particularly for sellers looking at benefiting from the market.
May 28, 2021, 6:35 a.m.
Bexley North Property Market Update 1st Half of 2021
In Q1 2021, Bexley North recorded a median house price of $1,467,500, and a median unit price of $744,250. This represents annual (Q1 2020 – Q1 2021) median price growth of 14.4% for houses and of 18.1% for units. Between Q1 2020 – Q1 2021 total house sales were steady, with 48 sales, while unit sales increased by 8.7% (to 50 sales). Median price growth occurring despite either stable or increased sales activity suggests there is real returns on capital investment in Bexley North. Now is the time to transact, particularly sellers looking to benefit from the market.
May 25, 2021, 1:09 p.m.
National Affordable & Liveable Property Guide 1st Half 2021
The PRD Affordable and Liveable Property Guides 1st Half 2021 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights and highlights of the market and report on many key indicators to create a holistic picture of property conditions in each capital city.
March 24, 2021, 5:27 a.m.
PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.
March 9, 2021, 1:39 a.m.
First Home Buyers’ Guide 2021
The ‘PRD First Home Buyers’ Guide 2021’ 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, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.
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.