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PRD Real Estate - Your Home Of Property Research Knowledge
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 PRDnationwide’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.
July 23, 2018, 6:07 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2018
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to the increased unit supply, confirming a return towards a more sustainable market. Now is the time for buyers to enter the market and capitalise on opportunities of affordability. Prospective houses buyers looking for affordable options should look toward Sydney’s south-western suburbs. A particularly attractive market for investors can be found in Parramatta, which experienced a 20.8% in annual growth and is expecting a further $297.2M of investment in the 1st half of 2018.
May 28, 2018, 4:35 a.m.
Q2 2018 Key Market Indicators – New South Wales
New South Wales has again earned the gold award nationally for most improved number of first home buyer loans in the PRDnationwide Q2 2018 Key Market Indicator Awards. For 2 consecutive quarters NSW has achieved the gold award nationally for most improved number of first home buyer loans, with a 74.9% increase over the past 12 months to the December quarter of 2017. Surprisingly, this result surpasses NSW’ previous achievement in quarter 2 (70.9% increase over 12 months to the September quarter of 2017).
May 24, 2018, 12:15 a.m.
Ramsgate Beach Property Factsheet 1st Half of 2018
The Ramsgate Beach property market continues to show positive capital growth over the past 12 months to Q1 2018, with median house price growing by 0.7% to $1,595,500 and median unit price growing at a stronger rate of 4.2% to $755,500. Compared to the 2nd half 2017 Ramsgate Beach research report positive growth in both median house and units prices has softened (1.9% and 12.6% previously), which indicates a return to more sustainable growth and increased affordability for first home buyers.
May 24, 2018, 12:03 a.m.
Kingsgrove Property Factsheet 1st Half of 2018
The Kingsgrove property market recorded a median house price of $1,300,000 and $614,500 for units in Q1 2018, which represents an annual price change of 3.2% and -3.9% respectively. Over the same period of time (Q1 2017 – Q1 2018), house prices in the combined Local Government Area (of Georges River Council, Bayside Council, and Canterbury-Bankstown Council) changed by -0.7% to $1,150,000 and unit prices grew by 2.4% to $686,000.
May 14, 2018, 12:23 a.m.
Ready, Set, Go Regional 2018
The PRDnationwide ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.