PRDnationwide Buninyong Research Hub
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May 20, 2019, 4:43 a.m.
Q2 2019 Key Market Indicators
Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.
March 24, 2019, 11:29 p.m.
Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.
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.
Jan. 8, 2019, 6:21 a.m.
Buninyong Property Factsheet 2nd Half 2018
The Buninyong house market recorded a median price of $445,000 in Q3 2018, which represented a -5.3% change over the past 12 months. Vacant land recorded a similar median price change of -6.1% in the same period (Q3 2017-Q3 2018), with a median land price of $231,000. In comparison with the annual growth (for Q1 2017 – Q1 2018) of 19.2% for houses and 40.3% for land reported in the Buninyong 1st Half 2018 Research Factsheet, properties in Buninyong has recently become more affordable.
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, 6:51 a.m.
Q3 2018 Key Market Indicators – Victoria
Property prices in regional Victoria (VIC) increased by 6.5% over the past 12 months to the 1st half of 2018, as recorded in the PRDnationwide Australia Economic and Property Report 2018. The same report indicated a -1.6% and -0.5% decline in property prices in VIC’s capital city and metro areas respectively. Overall the combination of the above price movements has resulted in positive property price growth.
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, 5:50 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2018
The Melbourne City Local Government Area median house prices experienced a 1.3% growth and unit median prices grew by 7.9% from 2016 to 2017/2018*. The majority (79.5%) of suburbs in greater Melbourne experienced double digit price growth, whereas 16.8% experienced single digit growth and only 3.7% had negative growth. This points to the wide scale decline in affordability across greater Melbourne. Property buyers will be pleased by the existence of affordable options in the midst of continued price growth, across suburbs in the north-west for houses and south for units. At the same time, rental prices in the LGA have trended upwards for houses whilst remaining stable for units. Table 1. Melbourne’s top performing suburbs in the 1st half of 2018
June 13, 2018, 11:21 p.m.
Buninyong Property Factsheet 1st Half of 2018
There has been an extremely strong demand for property in Buninyong – particularly houses - indicating the need for more residential development in the area. Now is the time for first home buyers and investors to enter the market before prices get out of reach.
May 28, 2018, 4:45 a.m.
Q2 2018 Key Market Indicators – Victoria
It was a clean sweep for Victoria, taking out 4 gold awards nationally, 2 silver and 1 bronze in the PRDnationwide Q2 2018 Key Market Indicator Awards. Property prices in Melbourne have increased exponentially over the past 12 months, as investment interests shifted from Sydney’s unaffordable landscape. It is no surprise that VIC’s home loan affordability index has decreased by -0.7% over the past 12 months to the December quarter of 2017, which is in contrast to Australia’s positive growth of 0.3%. VIC’s home loan affordability was 29.9 index points in the December quarter of 2017, which is still slightly higher than NSW’s 26.5 index points.