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PRD Real Estate - Your Home Of Property Research Knowledge
Sept. 16, 2019, 6:29 a.m.
Kingsgrove Property Factsheet 1st Half of 2019
Kingsgrove recorded a median house price of $1,126,500 in Q1 2019, representing an annual (Q1 2018-Q1 2019) softening of -12.0%. Median unit price was $628,500; which represented a relatively stable growth. Compared to the Kingsgrove Research Factsheet 2nd half 2018, which reported an annual (Q3 2017-Q3 2018) price growth of -12.1% (house) and 4.7% (units), houses have maintained its value whereas units have become more affordable. This is a comfort to house owners and an opportunity for those wanting to enter the unit market.
Sept. 16, 2019, 6:21 a.m.
Bexley North Property Factsheet 1st Half of 2019
Bexley North recorded a median house price of $1,150,850 and a median unit price of $706,250 in Q1 2019. This represents an annual (Q1 2018 – Q1 2019) change of -4.6% (house) and -3.5% (units). Compared to Bexley North Research Factsheet 2nd half 2018, which reported an annual (Q3 2017 – Q3 2018) median price change of -8.9% (house) and -0.8% (units), houses in Bexley North has strengthened in value whereas units have become more affordable. Overall there is a softening in property price within the market, which is beneficial for first home buyers.
Sept. 13, 2019, 6:55 a.m.
Beverly Hills PRD Property Market Update 2nd Half of 2019
In Q2 2019, Beverly Hills recorded a median house price of $946,250, and a median unit price of $505,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -14.0% for houses and -21.1% for units. However, in the past six months (Q4 2018 – Q2 2019) median house price growth rapidly improved, softening by just -0.5%. This suggests now is an ideal time to enter the Beverly Hills housing market, while prices remain affordable.
Sept. 3, 2019, 4:56 a.m.
Metro Strata Report 2019
With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRD Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.
Aug. 28, 2019, 6:33 a.m.
Q3 2019 Key Market Indicators – New South Wales
ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.
June 27, 2019, 6:34 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
May 20, 2019, 6:37 a.m.
Q2 2019 Key Market Indicators – New South Wales
May 20, 2019, 4:43 a.m.
Q2 2019 Key Market Indicators
Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.
March 24, 2019, 11:29 p.m.
Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.
March 5, 2019, 1:34 a.m.
Manufactured Home Estates: An Affordable Retirement Option?
The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (ABS), during 2016 there were 3.7 million Australians aged over 65 years, representing 15% of the population. This is a significant increase from the 1976 ABS figure of 1.3 million people aged over 65 years, representing only 9% of the population.