Roaring Regions - Top 10 Affordable Regional Areas 2024
March 28, 2024, 5:17 p.m.
As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
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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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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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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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