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Dec. 10, 2020, 5:28 a.m.
Bargara and Coastal Property Update 2nd Half of 2020
In Q3 2020, the Bargara and Coastal area recorded a median house price of $383,000 and a median unit price of $312,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 2.1% for house, and a -20.5% decline for units. Total sales between Q3 2019 – Q3 2020 declined by -31.5% for houses (to 63 sales) and by -3.1% for units (to 31 sales), due to low levels of stock on the market and COVID-19 conditions. Now is an opportune time to enter the market, as positive median house price growth suggest market resilience and units have now become more affordable.
Dec. 10, 2020, 5:23 a.m.
PRD Bundaberg Property Update 2nd Half of 2020
In Q3 2020, the Bundaberg area recorded a median house price of $277,000 and a median unit price of $205,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.0% for house, and 6.5% for units. Total sales between Q3 2019 – Q3 2020 declined by -36.0% for houses (to 96 sales) and by -8.7% for units (to 21 sales), however this is due to low levels of stock on the market and/or COVID-19 conditions. Positive median house price growth suggests market resilience in the Bundaberg area, and well positioned for market recovery in 2021. Now is the time to transact.
Nov. 25, 2020, 6:49 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Brisbane
Median property prices in Brisbane Metro increased by 4.3% for houses to $678,000 from 2019 to 20201 and softened by -1.1% to $435,000 for units during the same period. Limited stock and high demand have supported median price growth for houses, showing resilience throughout COVID-19. A softer median unit price is expected, particularly due to the leftover oversupply from late 2016 to 2017.
Oct. 21, 2020, 4:26 a.m.
Shared Living Preferences Of Older Australians
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).
Sept. 9, 2020, 12:15 a.m.
First Home Buyers' Guide 2020
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.
Sept. 3, 2020, 1:03 a.m.
Bundaberg Property Update 1st Half of 2020
In Q1 2020, Bundaberg recorded a median house price of $245,000, and a median unit price of $200,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.7% for houses and 13.7% for units. Between Q1 2019 – Q1 2020 total sales slightly declined, by -8.3% for houses (to 110 sales), and by -15.4% for units (to 11 sales). The Bundaberg property market shows signs of resilience through capital growth over the past 12 months to Q1 2020, and with less stock available now is an ideal time to sell.
Aug. 27, 2020, 5:44 a.m.
Bargara Property Update 1st Half of 2020
In Q1 2020, Bargara and the Coastal area recorded a median house price of $394,000, and median unit price of $278,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 7.2% (houses) and a softening of -8.9% (units). Between Q1 2019 – Q1 2020 total sales increased, by 6.3% for houses (to 68 sales) and by 5.3% for units (to 20 sales). Bargara and the Coastal area market is showing signs of resilience, particularly for houses, with real capital growth. There is now more affordable opportunities for potential unit buyers.
July 29, 2020, 4:03 a.m.
Australia Economic and Property Report 2020
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.
June 24, 2020, 4:13 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Brisbane
The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and median house prices grew by 1.5%, to $690,000. The number of units sold increased by 13.9%, however the median unit price softened by -1.5% to $450,000. These patterns are similar to Sydney and Melbourne, which also recorded a decline in median unit prices.
May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.