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More Videos by PRDnationwide
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.
Feb. 17, 2019, 10:51 p.m.
Q1 2019 Key Market Indicators – Western Australia
Western Australia (WA) had the highest growth in home loan affordability across Australia, taking out the gold award nationally at the PRDnationwide Q1 2019 Key Economic Indicator Awards. The home loan affordability index grew by 5.3% over the past 12 months (to the September quarter of 2018), sitting at 44.0 index points. This is significantly higher than New South Wales (27.3 index points), Victoria (29.5 index points), and Queensland (35.5 index points), as well as the Australian average of 31.9 index points.
Nov. 22, 2018, 5:49 a.m.
Q4 2018 Key Market Indicators – Western Australia
As of June 2018, WA’s home loan affordability index reading was 41.8 index points, well above the Australian average of 31.1 index points. That said, this is a slight decline when compared to the March quarter of 2017, where WA recorded a home loan affordability index reading of 42.8 points. This is potentially explained by the mild increase in WA’s property metro prices, due to higher quality stock entering the market over the past 6 months.
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.
Aug. 27, 2018, 7:02 a.m.
Q3 2018 Key Market Indicators – Western Australia
Western Australia (WA) continues to earn the bronze award nationally for both highest home loan affordability index reading and highest median weekly family income categories in Q3 2018 Key Market Data Indicators, where they took out the same awards nationally in the Q2 2018 Key Market Data Indicator.
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.
May 28, 2018, 4:27 a.m.
Q2 2018 Key Market Indicators – Western Australia
Western Australia achieved 3 bronze awards nationally in PRDnationwide’s Q2 2018 Key Market Data Indicator Awards. For the second quarter running, WA earned the bronze awards nationally for both the highest home loan affordability index reading and highest median weekly family income in PRDnationwide’s Q2 2018 Key Market Indicator Awards.
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.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 11:18 a.m.
Q1 2018 Key Market Indicators – Western Australia
Western Australia has proven to be a desirable place for affordability options, with a 6.4% improvement in their home affordability loan index over the past 12 months to September quarter 2017, making it the 2nd most improved state across Australia after the Australian Capital Territory (8.6%). Furthermore, Western Australia has the 3rd highest home loan affordability index reading of 44.6 points, significantly higher than the Australian average of 33.0 index points.