PRDnationwide Buninyong Research Hub
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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.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Feb. 21, 2020, 1:22 a.m.
Buninyong Property Report 2nd Half of 2019
In Q3 2019, Buninyong recorded a median house price of $560,000, and a median vacant land price of $265,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 20.4% for houses and 14.7% for land. Total land sales slowed annually, down by -66.7% (to 2 sales) in Q3 2019, while houses remained unchanged (13 sales). Limited sales make this data volatile, however there has been positive signs in the market over the past 12 and 6 months.
Aug. 26, 2019, 5:25 a.m.
Buninyong Property Factsheet 1st Half of 2019
The Buninyong housing property market has shown positive growth over the past 12 months to Q1 2019, at 2.0% and recording a median house price of $505,000. Compared to the Buninyong 2nd Half 2018 Research Factsheet, which recorded an annual (Q3 2017 – Q3 2018) median house price growth of -5.3%, house value in Buninyong has strengthened.
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.