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PRD Real Estate - Your Home Of Property Research Knowledge
May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Nov. 27, 2019, 5 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Sydney
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), it continued to be an exercise in minimising the decline in capital growth. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 18, 2019, 3:32 a.m.
Ramsgate Beach Property Market Update 2nd Half of 2019
In Q3 2019, Ramsgate Beach recorded a median house price of $1,250,000, and a median unit price of $666,500. This represents annual (Q3 2018 – Q3 2019) median price softening of -13.2% for houses and -4.7% for units. At the same time total house sales slowed, down by -2.4% (to 40 sales), while units sales remained steady (at 91 sales). The 6-months outlook is more positive for the Ramsgate Beach however, suggesting a return in market confidence.
Nov. 12, 2019, 5:05 a.m.
Kingsgrove Property Market Update 2nd Half of 2019
In Q3 2019, Kingsgrove recorded a median house price of $1,090,000, and a median unit price of $625,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -5.2% for houses whilst units remained stable. At the same time, total sales in both markets accelerated for Q3 2019, up by 9.3% for houses (to 141 sales) and by 1.5% for units (to 68 sales). Local confidence is returning in Kingsgrove, making now an ideal time to transact in the market.
Nov. 12, 2019, 4:34 a.m.
Bexley North Property Market Update 2nd Half of 2019
In Q3 2019, Bexley North recorded a median house price of $1,142,500, and a median unit price of $629,000. This represents annual (Q3 2018 – Q3 2019) median price change of -1.9% for houses and price growth of 1.5% for units. At the same time, total sales in both markets lifted for Q3 2019, up by 21.4% for houses to 34 sales and by 40.6% for units to 45 sales. This suggests local confidence has returned, making now an ideal time to transact in the market.
Nov. 11, 2019, 6:11 a.m.
Q4 2019 Key Market Indicators – New South Wales
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Australian average growth of 3.5% during the same period, it is above traditionally affordable states such as Queensland (QLD), South Australia, and Tasmania (TAS)
Sept. 16, 2019, 6:34 a.m.
Ramsgate Beach Property Factsheet 1st Half of 2019
Ramsgate Beach* recorded median prices of $1,135,000 (house) and $630,000 (unit) in Q1 2019. This represented annual (Q1 2018 – Q1 2019) price softening of -23.3% and -12.0% for houses and units respectively. Compared to the Ramsgate Beach 2nd Half 2018 Research Factsheet, which reported annual (Q3 2017 – Q3 2018) price changes of -3.8% (house) and 2.0% (unit), both houses and units have become more affordable in Ramsgate Beach*.