PRDnationwide Buninyong Research Hub
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Dec. 10, 2020, 5:40 a.m.
Buninyong Property Update 2nd Half of 2020
In Q3 2020, the Buninyong area recorded a median house price of $623,000. This represents annual (Q3 2019 – Q3 2020) median house price growth of 6.3%. Between Q3 2019 – Q3 2020 sales declined by -53.8% for houses (to 6 sales), however this is potentially due to low levels of stock on the market and/or COVID-19 conditions. Positive median price growth amidst COVID-19 indicate a resilient market, and potentially an undersupply of house stock. Now is an opportune time to transact in the Buninyong market.
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, 1:11 a.m.
Buninyong Property Update 1st Half of 2020
In Q1 2020, Buninyong recorded a median house price of $500,000, and vacant land median price of $292,000. This represents annual (Q1 2019 – Q1 2020) median price softening of -9.1% for houses. Between Q1 2019 – Q1 2020 total sales slowed, by -52.6% for houses (to 9 sales). The Buninyong property market is showing signs of a market cooling, and more affordable prices. This provides an ideal opportunity for first home buyers to enter the current market and secure their dream home.
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.
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.