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PRD Real Estate - Your Home Of Property Research Knowledge
Feb. 17, 2019, 11:18 p.m.
Q1 2019 Key Market Indicators – New South Wales
New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRD Q1 2019 Key Market Indicator Awards for: most improved number of first home buyer loans, highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, and highest median growth in weekly family incomes. NSW also earned bronze awards nationally for lowest unemployment rate and highest nett migration.
Jan. 8, 2019, 6:35 a.m.
Beverly Hills Property Factsheet 2nd Half 2018
Located 17km south of the Sydney CBD, Beverly Hills is a mainly residential suburb. According to ABS Census 2016 27.5% of occupied private dwellings in Beverly Hills are rented, an increase from 23.9% in 2011. This is good news for investors wanting to enter the rental market.
Dec. 5, 2018, 6:31 a.m.
Ramsgate Beach Property Factsheet 2nd Half of 2018
Ramsgate Beach recorded a median house price of $1,600,000 and $750,000 for units in Q3 2018, representing an annual (Q3 2017-Q3 2018) price change of -3.8% and 2.0% respectively. Compared to the Ramsgate Beach 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) price change of 0.7% (house) and 4.2% (units), properties in Ramsgate Beach have become more affordable for buyers wanting to enter the market.
Dec. 3, 2018, 4:36 a.m.
Sydney - Affordable & Liveable Property Guide 2nd Half 2018
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.
Nov. 21, 2018, 4:39 a.m.
Q4 2018 Key Market Indicators
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.
Nov. 21, 2018, 4:21 a.m.
Q4 2018 Key Market Indicators – New South Wales
New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home buyer loans with a 68.8% increase over the past 12 months. It also achieved the silver award nationally for the highest number of first home buyer loans (as of June quarter 2018) with 7,252 such loans issued. This has been driven in part by being the only state to not decline in affordability over this period, helping it achieve the gold award nationally for the most improved home affordability loan index growth (as of June quarter 2018).
Nov. 16, 2018, 7:16 a.m.
Bexley North Property Factsheet 2nd Half of 2018
Leading into Q3 2018, the Bexley North property market recorded a median house price of $1,230,000 and $645,000 for units, which represents an annual price softening of -8.9% and -0.8%, respectively. Compared to Bexley North 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) median price change of -9.8% (house) and 16.4% (units), houses in Bexley North have relatively held their value whereas units have become more affordable. This indicates that now is the time for buyers to enter the market.
Nov. 16, 2018, 7:04 a.m.
Kingsgrove Property Factsheet 2nd Half of 2018
In the 12 months prior to Q3 2018, the Kingsgrove property market saw median house prices soften by -12.1% to $1,195,500 and unit prices strengthen by 4.7% to $672,500. By comparison, annual (Q1 2017-Q1 2018) median price growth of 3.2% (house) and -3.9% (units) was reported in the Kingsgrove 1st Half 2018 Research Factsheet. This suggests that houses in Kingsgrove have recently increased in affordability while units have increased in value.
Aug. 27, 2018, 5:49 a.m.
Q3 2018 Key Market Indicators – New South Wales
New South Wales (NSW) continues to achieve the gold award nationally for most improved number of first home buyer loans for the third quarter in a row, increasing by 80.8% over the past 12 months to March quarter 2018. This is the highest increase to date, with NSW reporting a 70.9% increase in first home buyer loans in Q1 2018 Key Market Indicators and 74.9% in Q2 2018 Key Market Indicators.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRD’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.