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PRD's Australian Economic and Property Update for the 1st half of 2025. 2025 is shaping up to be an exciting year in residential real estate, with our first rate cut in February 2025 (and possibly mo…
The PRD Affordable and Liveable Property Guides 2nd half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights on property trends and how current econ…
Bungendore offers a charming rural lifestyle with easy access to Canberra, providing a perfect balance between peaceful country living and city convenience. The community is vibrant and welcoming, wi…
PRD’s latest findings reveal every real estate market around Australia is in its own gear speed. Many markets saw a price recovery due to a stable cash rate since November 2023. However, economic con…
From the Desk of the Chief Economist
The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current ec…
In Q4 2023, Bungendore recorded a median house price of $1,025,000, and a median vacant land price of $564,900. This represents annual (Q4 2022 – Q4 2023) price softening of -6.8% for houses and a mi…
As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In t…
Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all fa…
The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends a…
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