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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.
May 28, 2018, 3:25 a.m.
Q2 2018 Key Market Indicators – Queensland
Queensland achieved 5 bronze awards nationally in the Q2 2018 PRDnationwide Key Market Data Indicator Awards. QLD has traditionally been known as the more affordable Australian state in terms of property prices, however over the past 3 quarters there has been a definite shift in affordability. QLD recorded a home loan affordability index reading of 36.3 points in the December quarter of 2017, which although is still higher than the Australian average of 31.6 index points, puts QLD in the top 3 unaffordable states. This places it right behind VIC (29.9 index points) and NSW (26.5 index points).
May 14, 2018, 12:23 a.m.
Ready, Set, Go Regional 2018
The PRDnationwide ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 12:21 p.m.
Q1 2018 Key Market Indicators – Victoria
Victoria has emerged as the state with the highest number of first home buyer loans for September quarter 2017, at 8,786 loans. This is higher than New South Wales (6,775 loans) and Queensland (6,271 loans), which suggests effective first home buyer related policies are in place. Although not the most improved, Victoria has reported a 33.0% improvement over the past 12 months. This is encouraging for first home buyers as there has been concerns of increasing unaffordability, especially in Melbourne.
Dec. 5, 2017, 2:39 a.m.
Q4 2017 PRD Key Market Indicators - Victoria
Believe it or not…Victoria (VIC) is not the state with the highest decline in the number of first home buyer loans growth. That said, the number of first home buyer loans have decreased by 10.1% over the past 12 months (to June 2017), which interestingly is higher than New South Wales’ (NSW) decrease of 3.4%. The PRDnationwide Q4 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRDnationwide Key Economic Indicators cover both national and state level data.